Greenvolt Energias Renováveis S A : - Energias Renováveis, S.A. releases institutional presentation
June 09, 2022 at 08:22 pm
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Strategic Update
June 2022
Strategic Update - June 2022
Presenting team and agenda
João Manso
Ricardo Mendes
Ferreira
Neto
M&A and IR
CEO GreenVolt
GreenVolt
+35 years of experience
+20 years of experience
o/w +18 years in renewables
o/w +14 years in Altri Group
+25 years as top manager
o/w +9 years as CEO of EDPR
Selected relevant experience
Selected relevant experience
01
_Rights issue offer overview
02
_GreenVolt as a unique player in the new energy world
03
_GreenVolt's updated value proposition
2
01
Rights issue offer overview
Strategic Update - June 2022
01. Rights Issue offer overview
Changes in market and political environment enable an increased strategic ambition
Catalysts
Change in market conditions:
Geopolitical instability and restricted access to natural gas leading to energy price hikes and thus, acceleration in renewables
Governments acknowledge permitting is the main bottleneck for growth in renewables
Inflationary environment and volatility of raw material prices for construction lead to increased appetite to acquire projects at COD
Higher power prices incentivize long term PPAs and flourishing of DG which may eventually represent 25% of European consumption in 2030
Fine-tuning of GreenVolt's strategy that will continue to be focused on the 3 most promising areas of renewables, exploiting its competitive advantage:
Wind & Solar Utility-scale: Development continues to be the segment which brings the biggest value added. However, envisaged sales at RTB/COD will be rebalanced to increase the weight at COD and decrease at RTB
Distributed Generation: Boost growth, increasing GreenVolt's stake in a vast market key for the energy transition
Residual Biomass: Optimization of the plants will continue to be on the center of the Company's strategy, while further acquisitions will be underweighted (but not excluded)
Acceleration of BP and delivery from 3.6 GW pipeline(1) at IPO to 6.6 GW(1) currently identified (+83% increase)
Higher growth and profitability than expected (vs. IPO's 2025 targets) keeping a solid balance sheet under a conservative financial policy
Probability-weightedpipeline. Excludes USA and Germany.
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Strategic Update - June 2022
01. Rights Issue offer overview
The announced capital increase will allow accelerating the strategy, keeping a sound financial policy
The Company intends to use the proceeds from the Offer to speed up the
roll out of its revised development plan,
now comprising a 6.6 GW pipeline(1), of which 2.7 GW are expected to reach RTB/COD by 2023, and a reinforcement of the DG vertical
The Company intends to use the proceeds to partially finance the equity portion of certain projects until they can be self-funded through internal cash generation
In addition, this capital injection will provide the Group with additional liquidity following the growth programme pursued in recent months
€100m
Uses of funds
(1) Probability-weighted pipeline. Excludes USA and Germany.
5
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Greenvolt Energias Renovaveis SA published this content on 09 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2022 19:21:02 UTC.
Greenvolt - Energias Renováveis, S.A. is a 100% renewable energy Group operating in 3 business areas:
- Biomass: producing energy from forest residues and urban waste wood in Portugal and UK, through 6 biomass power plants;
- Utility-Scale: developing large scale wind and solar PV projects in several European markets and in the US;
- Distributed Generation: focusing on B2B solutions for the installation, maintenance and financing of solar PV for individual and collective self-consumption in several geographies across Europe.