ETRION CORPORATION Company Overview Financial Summary Independent power producer (IPP) that develops, builds, owns Recent Share Price (TSX/OMX: ETX) CAD0.54 / SEK 3.42 and operates ground-based solar photovoltaic (PV) power generation…
ETRION AT A GLANCE 60 MW of installed capacity in Italy Operating platform of 17 solar power plants in Italy consistently OPERATIONAL perform above plan with 99.6% availability (YTD) EXCELLENCE Centralised monitoring system and…
ETRIONS GLOBAL PLATFORM Geographic diversification across Italy, Chile and Japan Revenue diversification across FiT, PPAs and spot (merchant) pricing Etrion is constantly evaluating new opportunities in high-growth regions 6
OPERATING ASSETS: ITALY AND CHILE 7
ITALIAN OPERATING ASSETS Revenue(3) EBITDA(3) Project(1) MW(2) US million US million Cassiopea 24.0 24.1 20.4 (Montalto, Lazio) Helios ITA-3 10.0 7.4 6.5 (Brindisi/Mesagne, Puglia) Centauro 8.8 8.2 6.9 (Montalto, Lazio)…
PROJECT SALVADOR TOTAL/ETRION PARTNERSHIP SALVADOR (70 MW) Project Details Capacity 70 (49 net) MW Irradiation Yield 2,916 kWh/kWp Merchant project in the SIC (spot market pricing Revenue Stream with ability to secure…
EXPANSION PLANS: CHILE 10
CHILE SOLAR PIPELINE CONTRACT COUNTRY REGION PROJECT NAME SITES MW STATUS PROBABILITY OWNERSHIP SHOVEL-READY REGIME - Application for land filed in April 2013, and the tender for the land has been won. CUO Decree is expected to…
CHILE LONG-TERM OPPORTUNITY Regulated Market SIC Contracted vs Demand New Energy Policy Promote the development of renewable energy to meet government objectives of 20% by 2025 Promote introduction of power generation using own…
EXPANSION PLANS: JAPAN 13
HITACHI/ETRION PARTNERSHIP SHIZUKUISHI(1) MITO(1) Capacity 24.7 (21.5 net) MW 9.3 (8.1 net) MW Irradiation Yield 1,047 kWh/kWp 1,118 kWh/kWp FiT (paid in JPY): JPY 40 FiT (paid in JPY): JPY 40 Revenue Stream (US0.40)/kWh…
Q3-2014 FINANCIAL REVIEW 15
FINANCIAL RESULTS US'000 Q3-14 Q3-13 Revenues 12% lower due to less solar irradiation and a Revenues 17,129 19,414 reduction in the spot market price in Italy offset by FX variations Operating expenses -2,067 -2,128 G&A expenses -1,914…
FINANCIAL POSITION US'000 Sep-14 Dec-13 Balance Sheet strengthened due to US80 million private placement completed in January 2014 and the 20 million gross proceeds from the Assets bond refinancing in April 2014 Property plant and…
CASH FLOW STATEMENT US'000 Restricted Unrestricted Total Decem ber 31, 2013 cash balance 86.4 8.5 94.9 Project level EBITDA 40.4 40.4 Corporate G&A -5.2 -5.2 Taxes paid -3.2 -3.2 Working capital -33.6 2.8 -30.8 Operating cash…
SUMMARY 19
OVERALL PROJECT PORTFOLIO POTENTIAL GROWTH (3) Almost 3x growth in installed capacity (2) (2) (1) Operating Notes: Under Construction (1) Etrions initial net capacity in 70 MW project. (2) Etrions net capacity in…
CONCLUSION Attractive returns in downstream solar power generation sector Global Platform Well positioned to expand within Europe, Asia and the Americas Systems in place to effectively manage operations across multiple jurisdictions…
Contact Details Etrion Corporation Rue de la Rtisserie 1 CH - 1204 Geneva Switzerland Phone: +41 22 715 20 90 Email: infoetrion.com Website: www.etrion.com 22
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