Investor presentation. December 2018
|
|
- Victor Merritt
- 5 years ago
- Views:
Transcription
1 Investor presentation December 2018
2 Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant persons ). Any person who is not a relevant person should not rely, act or make assessment on the basis of this presentation or anything included therein. The following presentation may include information related to investments made and key commercial terms thereof, including future returns. Such information cannot be relied upon as a guide to the future performance of such investments. The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law, and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about, and observe, such restrictions. This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire securities in Scatec Solar ASA or any company within the Scatec Solar Group. This presentation contains statements regarding the future in connection with the Scatec Solar Group s growth initiatives, profit figures, outlook, strategies and objectives as well as forward looking statements and any such information or forward-looking statements regarding the future and/or the Scatec Solar Group s expectations are subject to inherent risks and uncertainties, and many factors can lead to actual profits and developments deviating substantially from what has been expressed or implied in such statements. 2
3 Scatec Solar a leading emerging market player Develops, builds, owns and operates utility-scale solar power plants IN OPERATION & UNDER CONSTRUCTION 1.5 GW PROJECT BACKLOG & PIPELINE 4.3 GW CAPACITY BY END GW 3
4 A solid track record of developing and building utility scale solar 585 MW in operation: Czech South Africa Rwanda Honduras Jordan Brazil Malaysia 20 MW 190 MW 9 MW 95 MW 43 MW 162 MW 65 MW 877 MW under construction: Malaysia Mozambique Egypt South Africa Argentina Ukraine 132 MW 40 MW 400 MW 258 MW 117 MW 47 MW Installation track record:more than 1 GW- 15 years of experience projects in 10 countries 4
5 A diversified asset portfolio with 1.5 GW in operation and under construction CAPACITY ECONOMIC MW INTEREST In operation Czech Republic % South Africa % Rwanda 9 54% Honduras 60 40% Jordan 43 59% Honduras (phase I) 35 70% Brazil % Malaysia (Gurun) 65 68% Total % HQ Under construction Malaysia % Mozambique 40 52% Egypt % South Africa % Ukraine (Rengy) 47 51% Argentina % Total % Projects in backlog Malaysia (Redsol) % Honduras (phase II) 18 70% Mali 33 51% Ukraine % Total % Grand total 1,873 55% Projects in pipeline 3,820 MW 5
6 Solid project backlog and pipeline of 4.1 GW Backlog: Ukraine 204 Mali 33 Price tender 12 % Bi-lateral 28 % Honduras 18 Backlog 295 Project tender 32 % 4.1 GW Backlog 295 MW Pipeline 3,820 MW Latin America 563 MW Africa 1,725 MW Europe and Central Asia 670 MW Southeast Asia 862 MW FiT 28 % Pipeline figures are as per reporting date for third quarter
7 We have advanced into a top 10 global independent solar PV developer MW, operational and under development GCL New Energy First Solar Canadian Solar Total (SunPower and Eren) SunEdison EDF Engie Enel Green Power Equis Enerparc Scatec Solar Adani Marubeni Lightsource Neoen 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Top 10 global utility-scale solar developer A broad portfolio across emerging markets Upstream Direct peers Asia Pacific Europe Latin America Middle East and North Africa North America Sub-Saharan Africa Source: GTM Research 7
8 Scatec Solar s value chain Scatec Solar develops, builds, owns & operates solar plants for 20 years Project development Financing Construction Operations Ownership (IPP) Site development System design Business case Component tendering Debt/Equity structuring Due diligence Engineering and procurement Construction management Maximize performance and availability Maintenance and repair Asset management Financial and operational optimization Permitting Grid connection PPA negotiation/tender/fit 8
9 Market
10 Demand for solar is growing significantly across emerging markets Multiple governmental drivers for solar PV demand Annual global solar PV demand forecast - GW Rest of Asia Latin America India Climate treaty & national action plans Employment and economic growth Time-tomarket Main drivers Cost of energy Energy security MENA Sub-Saharan Africa USA Europe China Rest of World More foreign investments Source: BloombergNEF conservative forecast 10
11 Solar is one of the most competitive sources of energy The levelized cost of solar has come down 75% since 2010 industry scale and technology Solar is now the lowest cost source of energy across the sun-rich regions globally Storage and hybrid solutions are expected to become increasingly important for demand New business propositions are emerging when solar is cost competitive with base load Cost of alternative energy sources (LCOE, USD/MWh) Solar PV Wind Gas Base load Coal Gas Peak Load Diesel Source: Lazard Capital, LCOE v11, Scatec Solar 11
12 Continued decrease in module prices in 2017 and 2018 Module price development (USD/W) USD/W % USD/W % Main drivers: Policy changes in China and India in Q2/Q Continuous cost reductions and technology development USD/W Q416 Q117 Q217 Q317 Q417 Q118 Q218 Q318 Est Q418 Est Source: BloombergNEF, polycrystalline modules 12
13 Business model
14 Our success is based on our integrated business model combined with a strong entrepreneurial culture Business model Fully integrated Structuring and financing Financial discipline Partnerships People Agile and lean Entrepreneurial culture Passionate and empowered people Strong talent bench Predictable Working together Driving results Changemakers 14
15 Scatec Solar is partnering with Governments and Development banks As cost of solar continues to decline - governments are looking to solar to cover their power needs and grow the economy Governments in emerging economies finds private/public partnerships very attractive implementation model (IPPs) Multilateral development banks typically with a long standing presence and experience in the county Project structures and contracts designed to mitigate risk (political financial, compliance etc) Creates business opportunities and Reduces risks of Scatec Solar s investments 15
16 Our business model and typical project structure Simplified illustration of company structure and main contracts in place Scatec Solar Equity coinvestors Component Suppliers 100% 39%-100% Shareholders agreement Land lease agreements Land owners Sub-Contractors Scatec Solar O&M / EPC World Bank/others (Onshore) EPC contract O&M contract Asset Management contract Political risk insurance (when relevant) Single Purpose Vehicle PPA agreement State owned utility Loan agreements Project financing Sovereign guarantee Concession agreement State government
17 The integrated business model is supported by our operating system Ensures consistency in way of working and scalability through all phases Secures learning and feedback to improve quality of decision making Our project phases and decision gates Decision Gate Decision Gate Decision Gate Decision Gate Origination Development Structuring Delivery Power production O&M 17
18 Stable project cash flows based on PPAs - allowing for a non-recourse debt structure Managing financial risk Power price & volume Counterparty Interest rate Currency Tariffs fixed for years Take or pay all volume produced PPAs with state owned utilities with government guarantees Financing partners with strong government relations Project finance debt with fixed interest of 10 years or more from grid connection Structuring of project debt in same currency as power sales revenues Inflation adjusted tariffs in PPA PPA: Power purchase agreement Political risk insurance or equivalent in selected markets 18
19 A business model enabling «self funded» growth All projects enters year PPAs with fixed tariffs with state owned utilities USDm 100 (100%) 75 (75%) The power plants are financed with non-recourse debt, and the PPAs allows Scatec Solar to operate with high financial leverage at project level 13 (12.5%) The D&C gross margin covers a large part of the Scatec Solar s equity contribution in the project 13 (12.5%) 13 (12.5%) Total capex Debt Financing Partner s equity share D&C margin SSO equity 100 MW project expample 19
20 Sustainability to mitigate risk and create stakeholder value Sustainability is an integrated part of our business Manage and mitigate risk Identify and manage the impact of our operations IFC Performance Standards and the Equator Principles Further professionalizing our sustainability work Integration of environmental and social work streams Implementation of Global Reporting Standards (GRI) Improvements based on lessons learned 20
21 Financials
22 Our principles for investments and financing stay firm Transactional and operational control - SSO the lead developer and investor D&C margins - key contribution to equity positions Working capital - managed through project structuring Moderate debt at group level - reflecting debt capacity of long term cash flows Dividends - 50% of free cash flow from operating power plants 22
23 High construction activity new plants to be grid connected in the near future Proportionate revenues, NOK million Proportionate EBITDA, NOK million 3,059 2, ,236 1, YTD 16 YTD 17 YTD 18 YTD 16 YTD 17 YTD 18 Corporate Development & Construction Power Production Operations & Maintenance Note: Q EBITDA includes NOK 375 million gain on the partial sale of the Apodi project in Brazil. 23
24 Cash flow significant equity investments in new solar power plants NOK million Projects Under Construction Net working capital construction projects 688-1,305 Development of project backlog and pipeline End 2017 Distributions from operating power plants Cash flow to equity D&C Cash flow to equity O&M Cash flow to equity Corporate Project equity Project Development capex Share capital increase Dividend distributions Working Capital/other End Q3 24
25 New investments generate significant value from D&C and Power Production In operation New capacity for 1.5 GW New capacity for 3.5 GW Total Capacity (MW), 100% 322 1,183 2,000 3,500 Capex (NOK million), 100% 5,100 12,900 14,000 17,000 32,000 35,000 Key figures - SSO proportionate: SSO s economic interest 46% 57% 50% 70% 50% 70% SSO s equity investments (NOK million) 800 1,850 2,000 2,500 4,600 5,200 Development & Construction CF to equity (NOKm) 950 1,050 1,000 1,500 2,000 2,500 Annual cash flow to equity Power P. & O&M (NOKm) Average equity value per MW (NOK million)
26 Financial targets and guidance Short term guidance Targets and guidance O&M revenues of NOK million with an EBITDA margin of around 40% Total D&C contract value of projects under construction of about NOK 8.0 billion Around 50% of the D&C contract value is expected to recognised in 2018 balance in 2019 Power production volumes: GWh Q3 18 Q4 17 Q4 18e Proportionate % basis Realizing 3.5 GW capacity Value of NOK 1.5 mill. per MW for +2 GW D&C contribution of NOK billion Annual cash flow from operating solar plants of NOK million D&C gross margin; 12-15% Equity IRR on power plant investments; 15% 26
27 Summary
28 Accelerating growth Increase installed capacity to above 3.5 GW by end 2021 Effective execution of current project portfolio Secure growth in priority regions Broaden commercial and technology scope Optimise financing and asset portfolio to enhance value 28
29 Targeting 3.5 GW by end of 2021 We will more than double installed capacity Summary 3,820 High activity - almost 1.0 GW under construction 585 1,057 MW ,500 Continued conversion of project pipeline to backlog 357 MW In operation Under construction Backlog Pipeline Target end 21: in operation and under construction Further cost reductions and technology development will drive demand 29
30
Fourth quarter Oslo, 25 January 2019
Fourth quarter 2018 Oslo, 25 January 2019 Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant
More informationInvestor presentation
Investor presentation October 2017 Our values Predictable Driving results Changemakers Working together Disclaimer The following presentation is being made only to, and is only directed at, persons to
More informationInvestor presentation
Investor presentation February 2018 Our values Predictable Driving results Changemakers Working together Disclaimer The following presentation is being made only to, and is only directed at, persons to
More informationInvestor presentation
Investor presentation May 2017 Our values Predictable Driving results Changemakers Working together Disclaimer The following presentation is being made only to, and is only directed at, persons to whom
More informationAccelerating growth. Capital Markets Update, 30 May 2018
Accelerating growth Capital Markets Update, 30 May 2018 Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated
More informationThird quarter Mikkel Tørud, CFO. Raymond Carlsen, CEO. Oslo, October 20, 2017
Third quarter 2017 Raymond Carlsen, CEO Mikkel Tørud, CFO Oslo, October 20, 2017 Our values Predictable Driving results Changemakers Working together Disclaimer The following presentation is being made
More informationFourth quarter and full year 2015
Fourth quarter and full year 2015 Raymond Carlsen, CEO Mikkel Tørud, CFO Oslo, January 29, 2016 Our values Predictable Driving results Changemakers Working together Disclaimer The following presentation
More informationMalaysia. Plants under construction: 1,071 MW
Fourth quarter 2018 About Scatec Solar Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player,
More informationGROWING OUR INDUSTRY-LEADING POSITION
GROWING OUR INDUSTRY-LEADING POSITION Juan Araluce EVP & Chief Sales Officer Copenhagen, 29 November 2018 Track record and Performance Trends in the Sector Commercial Strategy to maintain #1 position AGENDA
More informationJordan. Malaysia. Plants under construction: 434 MW
First quarter 2018 About Scatec Solar Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable source of clean energy worldwide. A long-term
More informationScatec Solar Reporting Structure
30 Scatec Solar Reporting Structure Scatec Solar ASA Power Production Operation & Maintenance Development/ Construction Corporate Eliminations Main activites Ownership and management of power producing
More informationRenewable Energy and Mining Summit. Toronto, September 25th, 2013
Renewable Energy and Mining Summit Toronto, September 25th, 2013 1 SOLARPACK- Company Profile Company Overview Started operations in 2005 in Spain 60 highly specialized professionals 79 MW own developed
More informationInvestor presentation. H results September 26, 2017
Investor presentation H1 2017 results September 26, 2017 Speakers of the day Sébastien CLERC Chief Executive Officer Joined Voltalia in 2011 Marie de LAUZON Chief Administrative Officer Joined Voltalia
More informationSMA SOLAR TECHNOLOGY AG Analyst / Investor Presentation Financial Results 2017
SMA SOLAR TECHNOLOGY AG Analyst / Investor Presentation Financial Results 2017 Pierre-Pascal Urbon, CEO Ulrich Hadding, CFO March 28, 2018 Date, Author SMA Solar Technology AG Disclaimer IMPORTANT LEGAL
More informationAnnual Report Content
Annual Report 2013 2 Annual Report 2013 Content Report from the Board of Directors 3 Consolidated financial statement Group 14 Notes to the Consolidated financial statements Group 21 Parent company financial
More informationCapital Markets Day. Global Renewable Energies. Antonio Cammisecra
Capital Markets Day Global Renewable Energies Antonio Cammisecra Integrated model fit for digitalized, low carbon world Generation growth engine Leading geographic expansion Growth engine for the utility
More informationFOCUS ON EDF EN Analyst Group Lunch Meeting - 6 July 2017
FOCUS ON EDF EN Analyst Group Lunch Meeting - 6 July 2017 Antoine Cahuzac - Group Senior Executive VP of Renewable Energies and CEO of EDF Énergies Nouvelles Bruno Fyot COO of EDF EN Denis Rouhier CFO
More informationSunEdison s Comments on NERSA REFIT 2011 Consultation Paper
8.2 MW Alamosa Solar Energy Facility (First utility scale PV plant in the USA) 1 72 MW Plant in Italy, the largest Solar PV Power Plant in Europe SunEdison s Comments on NERSA REFIT 2011 Consultation Paper
More informationInvestment climate for solar PV in Southeast Asia. Amiram Roth-Deblon Regional Director Asia Pacific juwi Group
Investment climate for solar PV in Southeast Asia Amiram Roth-Deblon Regional Director Asia Pacific juwi Group 26.11.2014 Content 1. juwi at a glance 2. Asia Pacific organisation & references 3. Financing
More informationFORWARD LOOKING STATEMENTS
FINANCIAL UPDATE FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
More informationSMA SOLAR TECHNOLOGY AG Analyst / Investor Presentation Quarterly Financial Results: January to March 2014
SMA SOLAR TECHNOLOGY AG Analyst / Investor Presentation Quarterly Financial Results: January to March 2014 Pierre-Pascal Urbon, CEO; Lydia Sommer, CFO May 15, 2014 Disclaimer IMPORTANT LEGAL NOTICE This
More informationFY 2017 results. March 29, 2018
FY 2017 results March 29, 2018 speakers of the day Sébastien CLERC Chief Executive Officer Joined Voltalia in 2011 Marie de LAUZON Chief Administrative Officer Joined Voltalia in 2014 28 years of experience
More informationInvesting in solar power in emerging markets
Investing in solar power in emerging markets Raymond Carlsen, CEO January 2015 An Independent Solar Power Producer Solid track record Project track record of close to 400 MW, retained ownership to 219
More informationCorporate Credit Profile September 2013
Corporate Credit Profile September 2013 AES Corp. (AES) Business Profile AES, headquartered in Arlington, Virginia, is a global power company that owns a portfolio of electricity generation and distribution
More informationSMA SOLAR TECHNOLOGY AG Analyst / Investor Presentation Half-Yearly Financial Results: January to June 2015
SMA SOLAR TECHNOLOGY AG Analyst / Investor Presentation Half-Yearly Financial Results: January to June 2015 Pierre-Pascal Urbon, CEO/CFO August 13, 2015 Date, Author SMA Solar Technology AG Disclaimer
More informationThird quarter Vestas Wind Systems A/S. Copenhagen, 7 November 2018
Third quarter Vestas Wind Systems A/S Copenhagen, 7 November Disclaimer and cautionary statement This document contains forward-looking statements concerning Vestas financial condition, results of operations
More informationTELENOR GROUP - DNB NORDIC TMT CONFERENCE Sigve Brekke, CEO
TELENOR GROUP - DNB NORDIC TMT CONFERENCE 2017 Sigve Brekke, CEO DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be
More informationWe guide companies leading the electricity transformation
0 POWER & RENEWABLES RESEARCH GTM, MAKE & Wood Mackenzie form the premier market intelligence provider on the decarbonization and decentralization of energy We guide companies leading the electricity transformation
More informationPaving the Way for Public-Private Partnerships in Sub-Saharan Africa Cameroon s Power Sector Example: Kribi 216 MW Gas-fired Power Plant
Paving the Way for Public-Private Partnerships in Sub-Saharan Africa Cameroon s Power Sector Example: Kribi 216 MW Gas-fired Power Plant Alain Ebobisse Chief Investment Officer, IFC Global Infrastructure
More informationCapital Stage AG: Strategic Partnership with Solarcentury. November 2, 2017, 11:00 CET
Capital Stage AG: Strategic Partnership with Solarcentury November, 07, :00 CET Benefits of the partnership with Solarcentury Access to exclusive pipeline of. GW solar PV over years European assets of
More informationFINANCIAL UPDATE. Marika Fredriksson Executive Vice President & CFO. Copenhagen, 29 November 2018
FINANCIAL UPDATE Marika Fredriksson Executive Vice President & CFO Copenhagen, 29 November 2018 LONG-TERM FINANCIAL AMBITIONS Long-term ambitions reflect organic growth and profitability improvements Revenue
More informationFull year Vestas Wind Systems A/S. Copenhagen, 7 February Classification: Public
Full year Vestas Wind Systems A/S Copenhagen, 7 February 2018 Classification: Public Disclaimer and cautionary statement This document contains forward-looking statements concerning Vestas financial condition,
More informationTelenor Group. Marianne Moe, Head of Investor Relations
Telenor Group Marianne Moe, Head of Investor Relations Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated
More informationOctober 8, 2015 Brookfield Renewable Energy Partners
October 8, 2015 Brookfield Renewable Energy Partners Investor Meeting 2015 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements and information,
More informationFINANCIAL INFORMATION AS OF SEPTEMBER 30, 2015
FINANCIAL INFORMATION AS OF SEPTEMBER 30, 2015 KEY MESSAGES Financial performance impacted by commodity price drop, partially offset by performance in fast growing markets and cost discipline Cash flow
More informationSummary for Scatec Solar ASA listing prospectus 18 December 2015 ANNEX XXII. Disclosure requirements in summaries
Summary for Scatec Solar ASA listing prospectus 18 December 2015 ANNEX XXII Disclosure requirements in summaries Summaries are made up of disclosure requirements known as Elements. These elements are numbered
More informationINDUSTRIAL PLAN TARGETS UPDATE OCTOBER 1, 2013 LONDON, UK DISCOVER THE NEW GREEN ERA TERNIENERGIA INVESTOR BOOKLET
DISCOVER THE NEW GREEN ERA TERNIENERGIA INVESTOR BOOKLET DISCLAIMER This presentation contains statements that constitute forward-looking statements based TerniEnergia SpA s current expectations and projections
More informationApril-September 2017 Results: short term impacts, long term actions. November 6, 2017
April-September 2017 Results: short term impacts, long term actions November 6, 2017 Disclaimer This material has been prepared by Siemens Gamesa Renewable Energy, and is disclosed solely for information
More informationFY 2016 results. April 4, 2017
FY 2016 results April 4, 2017 Speakers of the day Sébastien CLERC Chief Executive Officer Joined Voltalia in 2011 Marie de LAUZON Chief Administrative Officer Joined Voltalia in 2014 27 years of experience
More informationCOMPANY OVERVIEW. US$812mn. Largest Energy Generator in Chile 5,063MW 531 MW 100% 11 Years. US$2.2bn. BBB-/Baa3 66.7% of installed capacity
INVESTOR DAY 2018 COMPANY OVERVIEW 5,063MW of installed capacity 531 MW Of fully funded capacity under construction US$812mn EBITDA LTM 1Q-2018 Largest Energy Generator in Chile 100% Of efficient generation
More informationLatin America PV Playbook
Latin America PV Playbook Executive Summary Q2 2016 Market Update May 2016 About the Latin America PV Playbook Deep insights on an emerging market Latin America is at the global frontier of emerging solar
More informationBrookfield Renewable Partners I N V E STO R D AY S E P T E MB ER 2 7,
Brookfield Renewable Partners I N V E STO R D AY S E P T E MB ER 2 7, 2 0 17 Table of Contents Building a Leading Renewables Business Sachin Shah Page 3 Balance Sheet Strength Nick Goodman Page 12 Surfacing
More informationIFC Transaction Advisory Services Creating opportunity where it s needed most. From Concept Design to Project Execution
IFC Transaction Advisory Services Creating opportunity where it s needed most From Concept Design to Project Execution ECREEE Abidjan, March 2014 Introduction and agenda Introduction and agenda Introduction:
More informationFINANCIAL INFORMATION AS OF SEPTEMBER 30, 2016
FINANCIAL INFORMATION AS OF SEPTEMBER 30, 2016 TRANSFORMATION PLAN ONGOING & RESILIENT 9M FIGURES Group transformation well on-track Resilient 9M 2016 figures Slight organic decrease at EBITDA level (-2%
More informationAVENG CAPITAL PARTNERS Investor conference 19 & 20 October 2015
AVENG CAPITAL PARTNERS Investor conference 19 & 20 October 2015 AGENDA OVERVIEW PORTFOLIO PORTFOLIO VALUATION MARKET UPDATE STRATEGY VALUE PROPOSITION Q & A 2 3 OVERVIEW OVERVIEW Background to Aveng Capital
More informationUpdate Photo. Business Update. October 7, 2015
Update Photo Business Update October 7, 2015 Safe Harbor With the exception of historical information, the matters disclosed in this presentation are forward-looking statements. Such statements involve
More informationIFC s Project Financing of Concentrated Solar Power Plants
IFC s Project Financing of Concentrated Solar Power Plants Workshop on CSP for Tunisia Presented by Stratos Tavoulareas Principal Energy Advisor Tunis, Tunisia July 18, 2018 1 IFC s CSP Project Investments
More informationResult Presentation Q1 FY11 13th August 2010
Suzlon Energy Limited Result Presentation Q1 FY11 13th August 2010 Disclaimer This presentation and the accompanying slides (the Presentation ), which have been prepared by Suzlon Energy Limited (the Company
More informationThe Economics and Financing of Distributed Generation Investment. Budapest, Hungary November 17, 2016
The Economics and Financing of Distributed Generation Investment Budapest, Hungary November 17, 2016 Topics to Cover How to Finance Distributed Generation Investments 1 Importance of financial aspects
More informationTELENOR GROUP Sigve Brekke, CEO
TELENOR GROUP Sigve Brekke, CEO DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant persons ).
More informationINVESTMENT OPPORTUNITIES in Central Asia Power Sector
INVESTMENT OPPORTUNITIES in Central Asia Power Sector Business Mission to Kazakhstan Almaty - Kazakhstan September 5, 2017 Pedro Robiou Senior Energy Specialist FOR DISCUSSION ONLY. The opinions expressed
More informationTELENOR GROUP Morten Karlsen Sørby, CFO (acting)
TELENOR GROUP Morten Karlsen Sørby, CFO (acting) DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant
More informationEnel Green Power business plan. Rome - April 3 rd 2014
Enel Green Power 20142018 business plan Rome April 3 rd 2014 EGP 20142018 business plan Agenda Snapshot on 2013 key achievements F. Starace, CEO Focus on geothermal R. Deambrogio, Head of Italy & Europe
More informationInvestor Day April 2010 INVESTMENT STRATEGY. Mr. DAVID DIAZ Corporate Development Director
Investor Day April 2010 INVESTMENT STRATEGY Mr. DAVID DIAZ Corporate Development Director abertis: Investment strategy 1. An overview of the infrastructure market 2. abertis strategy 3. A robust methodology
More informationThe WB Clean Technology Fund MENA Renewable Energy Program
The WB Clean Technology Fund MENA Renewable Energy Program Mohab Hallouda Sr. Energy Specialist MENA Energy and Transport Unit World Bank RCREEE/MED EMIP Joint Event Regional Challenges to Green the Power
More informationLafargeHolcim makes good progress in 2017; Strategy 2022 to drive growth. EPS 11.9% up on prior year excluding impairment and divestments
Zurich, 07:00, March 2, 2018 LafargeHolcim makes good progress in 2017; Strategy 2022 to drive growth 4.7% growth in Net Sales on like-for-like basis Recurring EBITDA up 6.1% on like-for-like basis EPS
More informationL Africa nel secolo della nuova energia Martin Catchpole, Credit Suisse
L Africa nel secolo della nuova energia Martin Catchpole, Credit Suisse September 2017 PRELIMINARY SUBJECT TO FURTHER REVIEW AND EVALUATION These materials may not be used or relied upon for any purpose
More informationBack stop of performance guarantees in solar and storage
2 Back stop of performance guarantees in solar and storage Dr. Ronald Sastrawan Green Tech Solutions Special Enterprise Risks Corporate Insurance Partner Content 1. Green Tech Solutions within Munich Re
More informationFY 2016 RESULTS. March 2 nd, 2017
FY 2016 RESULTS March 2 nd, 2017 AGENDA Key messages & strategy execution Financial update 2017 outlook & conclusion FY2016 RESULTS 2 KEY MESSAGES & STRATEGY EXECUTION KEY MESSAGES 2016 results in line
More informationTelenor Group. Jon Fredrik Baksaas, CEO DNB Nordic TMT Conference
Telenor Group Jon Fredrik Baksaas, CEO DNB Nordic TMT Conference Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be
More informationOrmat Technologies, Inc. December 2014
Ormat Technologies, Inc. December 2014 McGinness Hills, Nevada, US Green energy you can rely on F66OTEC Q3 2014 231214 Disclaimer Information provided during this presentation may contain statements relating
More informationCost of Equity (USD)
1 2 3 4 Cost of Equity Best-in-Class Country Power Market Permits Social Acceptance Developer Grid /Transmission Counterparty Financial Sector Political Currency/Macro. Cost of Equity Kazakhstan BAU 1.3%
More informationSuzlon Energy Limited. H1 FY16 Earnings Presentation
Suzlon Energy Limited H1 FY16 Earnings Presentation 30 th October 2015 Disclaimer This presentation and the accompanying slides (the Presentation ), which have been prepared by Suzlon Energy Limited (the
More informationStatkraft Investor Update. European Energy & Utilities Credit Conference 2013
Statkraft Investor Update European Energy & Utilities Credit Conference 2013 Disclaimer This presentation has been prepared by, and the information contained herein (unless otherwise indicated) has been
More informationCreating Value Profitable Growth Strategy
Profitable Growth Strategy 2013-2015 London, January 16 th 2013 Jo Lunder CEO Delivering on the Value Agenda Objectives FY 11 Objectives 2012 2014 (announced 15 November 2011) YTD 3Q12 Revenue +5 % * CAGR
More informationFinancing Renewable Energy in Developing Countries: A Global Perspective Dana R. Younger International Finance Corporation Japan Renewable Energy
Financing Renewable Energy in Developing Countries: A Global Perspective Dana R. Younger International Finance Corporation Japan Renewable Energy Foundation Experts Meeting on Renewable Energy Tokyo September
More informationSuzlon Energy Limited. Q1 FY16 Earnings Presentation
Suzlon Energy Limited Q1 FY16 Earnings Presentation 31 st July 2015 Disclaimer This presentation and the accompanying slides (the Presentation ), which have been prepared by Suzlon Energy Limited (the
More informationStatkraft Investor Update. March 2014
Statkraft Investor Update March 2014 Disclaimer This presentation has been prepared by, and the information contained herein (unless otherwise indicated) has been provided by Statkraft AS (the "Company").
More informationConference Call. Encavis AG Bold move into the PPA market. October 9, 2018
Conference Call Encavis AG Bold move into the PPA market October 9, 2018 2 BOLD MOVE INTO FAST GROWING PPA MARKET BY ACQUISITION OF GIGANTIC SOLARPARK TALAYUELA > Successful expansion of the business model
More informationQ I N T E R I M R E P O R T. Brookfield Renewable Partners L.P.
Q2 2017 I N T E R I M R E P O R T Brookfield Renewable Partners L.P. OUR OPERATIONS We manage our facilities through operating platforms in North America, Colombia, Brazil, and Europe which are designed
More informationCorporate Presentation. L o n d o n, 1 0 O c t o b e r
Corporate Presentation L o n d o n, 1 0 O c t o b e r 2 0 1 7 Disclaimer This document has been prepared by Falck Renewables S.p.A. (the "Company") for use during meetings with investors and financial
More informationUK Solar Investment. 8% return per annum. Defined exit strategy at the end of year 3 with option to extend. Pension Compatible.
UK Solar Investment 8% return per annum. Defined exit strategy at the end of year 3 with option to extend. Pension Compatible. Sovereign backed income. All investments presently generating projected real
More informationA 20 YEAR ENTREPREUNARIAL JOURNEY IN RENEWABLES. 2 nd October 2017
A 20 YEAR ENTREPREUNARIAL JOURNEY IN RENEWABLES 2 nd October 2017 AGENDA 1 Introduction 2 Business environment 3 EREN RE Organization 4 Intensity! 5 Wrap up 2 A PARTNERSHIP BUILT OVER FIFTEEN YEARS EREN
More informationUnlocking Our Full Potential
Unlocking Our Full Potential Merrill Lynch Conference Cynthia Carroll May 2007 This presentation is being made only to and is directed only at (a) persons who have professional experience in matters relating
More informationEnel Green Power 9M 2015 consolidated results
Enel Green Power Rome November 13, 2015 Agenda Overview of recent events Analysis of results Closing remarks 1 Active portfolio management Exit from El Salvador Cash-in: 224 m Capital gain: 123 m Entry
More informationTelenor Group. Jon Fredrik Baksaas, CEO
Telenor Group Jon Fredrik Baksaas, CEO DNB TMT Seminar 31 August 2012 Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully
More informationBrookfield Renewable Partners I N V E STO R D AY S E P T E MB ER 2 6,
Brookfield Renewable Partners I N V E STO R D AY S E P T E MB ER 2 6, 2 0 18 Agenda Overview Sachin Shah, Chief Executive Officer Performance Case Studies Ruth Kent, Chief Operating Officer Balance Sheet
More informationENEL Green Bond Framework
ENEL Green Bond Framework December 2017 1. Introduction Enel and its subsidiaries (the Group or the Enel Group ) are deeply committed to the renewable energies sector and to researching and developing
More informationPerspective on Financing Wind Energy Projects. June 16, 2016
Perspective on Financing Wind Energy Projects June 16, 2016 Agenda 2 1 Risk Matrix 3 Context Setting Way Forward KEY SEGMENTS IN THIS PRESENTATION 3 Indian Energy Sector Landscape Bank Lending Sector wise
More informationForward looking statements
Forward looking statements This presentation may contain forward looking statements, including statements regarding the business and anticipated financial performance of TransAlta Corporation. All forward
More informationQ Earnings Presentation March 1, 2019
Q4 2018 Earnings Presentation March 1, 2019 * Safe Harbor Statement The following information contains, or may be deemed to contain, forward-looking statements (as defined in the U.S. Private Securities
More informationTelenor consolidates the Nordic portfolio Acquires majority stake in DNA in Finland. Investor Presentation, 9 April 2019
Telenor consolidates the Nordic portfolio Acquires majority stake in DNA in Finland Investor Presentation, 9 April 2019 1 Disclaimer The following presentation is being made only to, and is only directed
More informationFY 2017 RESULTS. March 8 th, 2018
FY 2017 RESULTS March 8 th, 2018 AGENDA Highlights 2017 performance 2018 outlook Additional material FY 2017 RESULTS 2 HIGHLIGHTS SUCCESSFUL STRATEGIC REPOSITIONING Our 3-year plan is now 90% completed
More informationJuly 23, 2014 ABB Q2 Presentation Ulrich Spiesshofer, CEO Eric Elzvik, CFO
July 23, 2014 ABB Q2 Presentation Ulrich Spiesshofer, CEO Eric Elzvik, CFO Important notices This presentation includes forward-looking information and statements including statements concerning the outlook
More informationNEW ENERGY SOLAR (ASX: NEW) PRESENTATION MORGAN STANLEY CLEAN ENERGY DAY
13 April 2018 NEW ENERGY SOLAR (ASX: NEW) PRESENTATION MORGAN STANLEY CLEAN ENERGY DAY Today, New Energy Solar 1 will be presenting at Morgan Stanley s Clean Energy Day conference. The presentation is
More informationSanford C. Bernstein Strategic Decisions Conference AES CORPORATION. Paul Hanrahan President and Chief Executive Officer. May 31,
AES CORPORATION Sanford C. Bernstein Strategic Decisions Conference Paul Hanrahan President and Chief Executive Officer May 31, 2006 1 Safe Harbor Disclosure Certain statements in the following presentation
More informationFITCH PUBLISHES ENGIE S.A.'S 'A' RATING; OUTLOOK STABLE
FITCH PUBLISHES ENGIE S.A.'S 'A' RATING; OUTLOOK STABLE Fitch Ratings-London-09 October 2017: Fitch Ratings has published French gas and electric utility Engie S.A.'s Long-Term Foreign-Currency Issuer
More informationQ Earnings Call November 14, Misawa 1 site 1
Q3-2017 Earnings Call November 14, 2017 Misawa 1 site 1 DISCLAIMER These materials and the information contained herein are being presented by Etrion Corporation (the Company ). These materials do not
More informationEDP RENOVÁVEIS. João Manso Neto, CEO EDP Renováveis
EDP RENOVÁVEIS João Manso Neto, CEO EDP Renováveis #4 worldwide wind player EDP Group company focused on wind and solar investments 77.5% EDP SHAREHOLDING 4,412 MW 5,091 MW Leader in the most competitive
More information1H2017 Results Announcement
1H2017 Results Announcement August 3, 2017 Sembcorp Industries 2017 Scope of Presentation CEO s Report Financial Review Group Outlook Sembcorp Industries 2017 2 CEO s Report Neil McGregor Group President
More informationPARTNERING WITH IFC (KOREA CASE STUDIES) MAXIMIZING FINANCE FOR DEVELOPMENT
PARTNERING WITH IFC (KOREA CASE STUDIES) MAXIMIZING FINANCE FOR DEVELOPMENT 1 1. IFC Korea Introduction IFC AND KOREA: OVER 45 YEARS OF PARTNERSHIP 1968 1971 1974 1998 99-2002 2007 2011 2013 1 st investment
More informationBrookfield Renewable Energy Partners (BEP)
Brookfield Renewable Energy Partners (BEP) June 2015 Brookfield Renewable A Leader in Renewable Power Generation CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 2 This presentation contains forward-looking
More informationTELENOR GROUP SECOND QUARTER Sigve Brekke, CEO
TELENOR GROUP SECOND QUARTER Sigve Brekke, CEO DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant
More information9M 2016 consolidated results. November 10, 2016
9M 2016 consolidated results November 10, 2016 Opening remarks EBITDA +8% net of forex and on a like-for-like basis Double digit growth of net ordinary income on a like-for-like basis Positive contribution
More informationTelenor Group CEO Jon Fredrik Baksaas. Citi s European and CEEMEA Telecoms Conference 22 March 2012
Telenor Group CEO Jon Fredrik Baksaas Citi s European and CEEMEA Telecoms Conference 22 March 2012 Disclaimer The following presentation is being made only to, and is only directed at, persons to whom
More informationSecond quarter Vestas Wind Systems A/S. Copenhagen, 17 August Classification: Public
Second quarter Vestas Wind Systems A/S Copenhagen, 17 August Classification: Public Disclaimer and cautionary statement This document contains forward-looking statements concerning Vestas financial condition,
More informationCorporate Presentation March Powered by the Sun. Developing, building and operating solar power generation plants.
Corporate Presentation March 2018 Powered by the Sun Developing, building and operating solar power generation plants Disclaimer These materials and the information contained herein are being presented
More informationCOLBÚN PRESENTATION 2016 M A Y. Southern Cone & Andean Opportunities Conference J.P. Morgan
COLBÚN PRESENTATION 216 M A Y Southern Cone & Andean Opportunities Conference J.P. Morgan A G E N D A O VERVIEW OPERATIONS IN CHILE AND PERU FINANCIALS G R O W T H O P P O R T U N I T I E S VALUE PROPOSAL
More informationThird Quarter 2018 Earnings Conference Call. August 7, 2018
Third Quarter 2018 Earnings Conference Call August 7, 2018 1 Safe Harbor Statement Our commentary and responses to your questions may contain forward-looking statements, including our outlook for the remainder
More informationH RESULTS. July 27 th, 2018
July 27 th, 2018 AGENDA Highlights H1 2018 performance Additional material 2 HIGHLIGHTS KEY H1 MESSAGES SOLID ORGANIC GROWTH DRIVEN BY RENEWABLES AND NETWORKS MERCHANT: ENERGY MANAGEMENT PERFORMANCE MORE
More information