Encavis AG | Elevator Pitch | Joerg Peters, Investor Relations - YouTube

welcome to encavis my name is joerg peters i'm heading the corporate communications and

investor relations of the group may have a short interruption for the disclaimer this

is not an offer to buy or to sell encavis shares at any time we are a solar company

exactly we are the pan european independent power producer of renewable energies wind

and solar as you may see our largest and also one of the largest solar parks throughout

europe talayuela largest pv solar power plant we have in spain this is sustainable and completely

subsidy free generation capacity of 300 megawatt peak in the size of around 1 000 soccer fields

built of a million solar panels we love solar power plants for several reasons especially

for the improving efficiency and cost reduction through economies of scale and scope and this

is one of our unique selling propositions our name is program en this energy renewable

energy capital subsidy free secured revenue above market irr and the vision of a sustainable

decentralized power generation in europe for europe sustainable growth of 26% compounded

annual growth rate over the past seven years was almost constant margins of example given

75 ebitda margin which will continue in the midterm also as you will see within our growth

strategy fast forward 2025. this will be secured by our next usp to reduce if not to avoid

the developing risk in 10 different european jurisdictions from the north of finland to

the south of italy or the south of spain with all their very specific regional and local

differences encavis focuses on locally based and well-connected strategic development partners

exclusively secure project pipeline of three and a half gigabyte with pre-agreed internal

rate of return per project dominates the symbiotic partnership of development partners and encavis 

encavis strengthens the finest these projects encavis control the construction and we originate

the ppas the power purchase agreements with industrial corporates international utilities

and globally active tech companies every single renewable energy park is financed accordingly

to its own price fixing period no back-end loaded financing 100% of equity of every single

park post financing of 10 to 13 years currently marginal and average cost of renewable energy

production will be close to zero post financing period in the so-called golden end for a minimum

of five to ten years in wind farms for a minimum of additional 20 to 30 years for solar parks

encavis growth strategy fast forward 2025 our capacity will increase from currently

1.8 gigawatts up to 3.4 gigawatts at the end of 2025 based on a project pipeline of more

than three and a half gigawatts which is secured with our strategic development partners with

a constant ebitda margin of 75% our earnings per share will increase up to 70 euro cents

per share in 2025. all this based on a solid equity ratio of 24 to 25 percent financed

from the operating cash flow of our existing portfolio of wind and solar parks this growth

strategy fast forward 2025 i just presented is our base case scenario as you could see

in the lower left corner but there are additional opportunities available m&a of companies or

portfolios on the one hand profitable business models and storage technology could be another

addition or the investment into other growth markets outside western europe especially

maybe in eastern europe if the green deal of the european union will give some investment

guarantees for these countries state-of-the-art i.t. infrastructure and remote control operations

secure 95% fixed revenue via feed and tariff and power purchase agreements with no energy

price risk for the next 10 to 13 years 10 years for the power purchase agreements 13

years for the resting period of our feed in tariffs all this result in a very low risk

business model of encavis no interest rate risk at all due to the feed and tariff and

ppa agreement over the next 10 to 13 years investment grade rate bbb- from scope ratings

affirmed latest in october this year so the fire power of 2 to 400 million euro which

is available for further investments will be a very solid base for further growth no

impact of covid19 on our operational business showed sustainable business model in itself

constant operating margins from the past as well for the future reliable long-term dividend

policy including scrip dividend for our shareholders to choose and the minimal developing risk

versus some costs of incorporated development departments most of our competitors may the

sun be with you the future of energy is now together we strive to improve each and every

single day thank you very much for your attention and for your interest in encavis and please

feel free to contact us at any time if you have some more questions

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