Energiekontor : Fact Sheet (April 2024)

Fact Sheet

Brief portrait

A new way of thinking. For over 30 years, Energiekontor has stood for a solid business policy and extensive experience in renewable energies.

Founded in Bremerhaven, Germany, in 1990, the Company is among the pioneers in its industry and is now one of Germany's leading project developers and operators of wind and solar parks. Its core business ranges from the planning and construction to the operational management of wind and solar parks in Germany and abroad.

In addition, Energiekontor operates around 40 own wind and solar parks with a total nominal power of around 390 megawatts (MW).

The Company also plays a pioneering role in economic terms and aims to realise wind and solar parks at market prices in all target markets as quickly as possible, independently of state subsidies.

Our track record

>160

realised wind

and solar parks

~1.4 GW

total generation

capacity

Financial year 2023

241.8 €m	95.5 €m	>220
Sales	EBT	Employees

Shaping the future together - Across 5 countries at 17 company sites

Great

Britain 3

Germany

		France	2
United	2		9
States	Portugal	1

Energiekontor AG ∙ Fact Sheet ∙ April 2024

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Corporate Management

Management Board	Supervisory Board
Peter Szabo (CEO)	Dr. Bodo Wilkens (Chairman)
Günter Eschen	Günter Lammers (Deputy Chairman)
Carsten Schwarz	Darius Oliver Kianzad

Organic growth model

Power generation in the Group's own wind and solar parks

Operation, development

& others

~50% own portfolio

100%	Project
development &
cost
sales (onshore
coverage
wind, solar)

Group EBT

(+10% to +20% p.a.)

~50% sale

Outlook on 2024 and growth strategy 2023 to 20281

EBT in € million	2022(R)	2023(R)	2024(G)
Konzern	62.9	95.5	30 - 70
Project development & sales	28.4	64.1	< PY
Power generation (own parks)	30.0	27.8	≥ PY
Operation, development & others	4.5	3.6	≥ PY

(R): as reported; (G): guidance; PY: previous year.

Energiekontor published its 2023 to 2028 growth strategy in the 2022 financial year and reconfirmed it with the publication of its 2023 business figures on 28 March 2024. Energiekontor aims to sustainably increase its Group EBT by an average of 15 percent per year in the period from 2023 to 2028. By applying this strategic approach, Energiekontor expects a positive growth path, which should lead to a doubling of the underlying Group EBT from around 60 million euros to 120 million euros in the 2028 financial year. The underlying average growth rate is a linear benchmark that may be surpassed or fallen short of in day-to-day project development business, as project postponements may lead to profit being deferred to the next financial year. The growth strategy must therefore be considered over the entire period.

1Further information on the growth strategy is available in the 2023 Annual Report at https://www.energiekontor.de/en/investor-relations/financial-reports.html.

Energiekontor AG ∙ Fact Sheet ∙ April 2024

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Shareholder structure1

Free float	Founders
43.6%
(Dr. B. Wilkens,
	G. Lammers)
	51.0%

Union Investment 5.2%	Treasury shares 0.2%
Key share data
WKN ∙ ISIN	531350 ∙ DE0005313506
Bloomberg ∙ Reuters	EKT
Class of shares	No-par-value bearer shares
Listing	German Stock Exchange, Frankfurt/Main
Marketplaces	XETRA, Frankfurt, all other German marketplaces
Market segment	General Standard
Designated sponsor	ODDO BHF Corporates & Markets AG
Indices	SDAX, TecDAX, MSCI Global Small Cap Index
Share capital1	€13,959,359.00
Number of shares1	13,959,359
Initial listing	25 May 2000
Last share split	7 November 2001 (1:4)

Share coverage

Broker/institute	Recommendation	Price target	Last update
First Berlin	Buy	€126.00	08/04/2024
Hauck & Aufhäuser	Buy	€136.00	20/12/2023
Metzler	Buy	€121.00	02/04/2024
M.M. Warburg	Buy	€146.00	02/04/2024
Stifel	Hold	€86.00	09/11/2023

1As at 31 December 2023. The individual analyst ratings, recommendations and price targets are continuously updated and can be viewed at https://www.energiekontor.de/en/investor-relations/shareholders-information.html.

Energiekontor AG ∙ Fact Sheet ∙ April 2024

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Key financial figures

In € million		2023			2022		2021		2020	2019
Sales		241.8			187.6		156.5		146.6	63.7
Total output		275.4			255.7		266.3		165.1	96.4
EBITDA		135.6			99.8		81.7		65.4	38.9
EBIT		114.4			80.0		61.7		46.0	16.3
EBT		95.5			62.9		44.9		31.2	0.8
EBT margin (in %)		38.5			33.5		28.7		21.3	1.3
Group result		83.3			44.5		36.2		20.4	0.2
Earnings per share1 (in €, undiluted)		5.97			3.18		2.54		1.43	0.02
Dividend per share (in €)		1.20			1.00		0.90		0.80	0.40
Total assets		721.6			633.6		562.0		449.0	389.9
Tangible assets (parks)		258.9			253.7		215.4		166.9	192.4
Equity		185.2			123.7		82.2		65.6	56.2
Equity ratio (in %)		25.7			19.5		14.6		14.6	14.4
Notional equity ratio2 (in %)		29.7			23.8		18.5		19.5	18.7
Cash flow from operating activities						17.9	13.3
	144.8			138.7		62.0
Cash flow from investing activities		-45.5			-82.4		-85.0		11.8	-4.1
Cash flow from financing activities		-49.8			-28.5		45.3		-18.0	-14.5
Cash and cash equivalents		175.6			127.0		100.0		79.5	67.0

1For the reporting year, subject to the approval of the upcoming Annual General Meeting.

2The international IFRS accounting standards result in a number of differences compared to German commercial law, which have a negative impact on the Group's equity ratio. Among other things, the use of IAS 32, according to which limited partnership capital is not qualified as equity but as debt capital for accounting purposes, has the consequence for the Group that non-controlling interests in wind and solar park operating companies intended to remain in the Group in the long term as well as in project companies intended for sale must be accounted for as liabilities. Neutralising these IFRS effects would result in the notional equity ratio disclosed above.

Financial reports and interim statements are available athttps://www.energiekontor.de/en/investor-relations/financial-reports.html.

Financial calendar

Date		Event		Location/type
13/05/2024		Interim statement on the first quarter of 2024		Publication
29/05/2024		Annual General Meeting		Ritterhude
12/08/2024		Half-year financial report for 2024		Publication
14/11/2024		Interim statement on the third quarter of 2024		Publication

The financial calendar is continuously updated and can be viewed at https://www.energiekontor.de/en/investor-relations/financial-calendar.html.

Energiekontor AG ∙ Fact Sheet ∙ April 2024

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Imprint

Newsletter

Keep up to date on the latest developments by

signing up for our newsletter at https://www.energiekontor.de/en/newsletter- subscription.html.

Publisher

Energiekontor AG

Mary-Somerville-Strasse 5

28359 Bremen

Germany

Phone: [phone]

Fax: [phone]

Email:[e-mail]

Web:www.energiekontor.de/en/index.html

Investor & Public Relations

Julia Pschribülla

Head of Investor & Public Relations

Tel: [phone]

Email:[e-mail]

Picture credits

Energiekontor archive

Stock pictures

Disclaimer

This fact sheet contains forward-looking statements. These are statements that are not historical facts, including statements about the expectations and views of the management of Energiekontor AG. These statements are based on current plans, estimates and forecasts of the Company's management. Investors should not rely unreservedly on these statements. Forward-looking statements are made in the context of the time and environment in which they are made. The Company assumes no obligation to update the forward-looking statements contained in this report as a result of new information or future events. This does not affect the Company's obligation to comply with its statutory information and reporting obligations. Forward-looking statements always contain risks and uncertainties. A large number of factors can lead to actual and future events deviating considerably from the forward-looking statements contained in the fact sheet.

Please note in case of doubt, the German version shall prevail.

Energiekontor AG ∙ Fact Sheet ∙ April 2024

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