ETRION CORPORATION Company Overview Financial Summary Independent power producer (IPP) that owns and operates Recent Share Price (TSX/OMX: ETX) CAD0.50 / SEK 3.32 60 megawatts (MW) of ground-based solar photovoltaic (PV) power…
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, Power Purchase Agreements (PPAs) and spot (merchant) pricing Etrion is constantly evaluating new opportunities in…
OPERATING ASSETS: ITALY 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)…
Proposed Changes to Italian FiT Regime On June 24, 2014, the Italian government published a new decree outlining, among other things, certain proposed changes to the current Italian FiT regime, subject to Parliamentary approval. The…
EXPANSION PLANS: CHILE 10
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…
CHILE SOLAR PIPELINE CONTRACT COUNTRY REGION PROJECT NAME SITES MW STATUS PROBABILITY OWNERSHIP SHOVEL-READY REGIME - Application for land filed in April 2013 SING Merchant + 1 Chile Aguas Blancas 3 72 - Following confirmation of…
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 (US0.40)/kWh FiT (paid in JPY): JPY 40 (US0.40)/kWh Revenue…
Q2-2014 FINANCIAL REVIEW 15
FINANCIAL RESULTS US'000 Q2-14 Q2-13 Revenues lower due to less solar irradiation and a reduction in the spot market price in Italy offset by FX variations Revenues 17,764 18,414 Operating expenses lower mainly due to a reduction in…
FINANCIAL POSITION US'000 Jun-14 Dec-13 Etrions Balance Sheet strengthened due to US80 million private Assets placement completed in January 2014 and bond refinancing in April Property plant and equipment 375,766 357,644 2014…
CASH FLOW STATEMENT Non- US'm illion Restricted Total restricted Decem ber 31, 2013 cash balance 86.4 8.5 94.9 Project level EBITDA 20.9 20.9 Corporate G&A -3.4 -3.4 Taxes paid -2.5 -2.5 Changes in w orking capital -17.0 2.8…
SUMMARY 19
OVERALL PROJECT PORTFOLIO POTENTIAL GROWTH (2) (3) (2) (1) Operating Notes: (1) Etrions initial net capacity in 70 MW project Under Construction (2) Etrions net capacity in first two Japanese projects. Etrions goal is to…
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 du Stand 60-62 CH - 1204 Geneva Switzerland Phone: +41 22 715 20 90 Email: infoetrion.com Website: www.etrion.com 22
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