company presentation april 2021
TRANSCRIPT
COMPANY PRESENTATIONApril 2021
16.04.2021 1Monte Plata, Dominican Republic
Group Management
16.04.2021 2
Thorsten Preugschas
CEO
Gert RöttgersHead of Project Services
Stefan SchulzHead of Accounting
Responsibilities
▪ Company strategy
▪ Business Development
▪ Operations & Maintenance
▪ Sales & Marketing
Background
▪ CEO, Colexon Energy AG
▪ Founder and Managing Director, Maaß Erneuerbare Energien GmbH
Regions
▪ All
Responsibilities
▪ Project Due Diligence Process
▪ Contract Management
▪ Asset Managemet IPP Portfolio
Background
▪ Sales & Project Manager, Colexon Energy AG
▪ Proxy Holder as Sales Manager, Wavin GmbH
Regions
▪ All
Responsibilities
▪ Accounting
▪ Controlling
▪ HR
Background
▪ Head of Accounting, Groupe Royer
▪ Head of Accounting, METRO AG
▪ Proxy Holder, Finance Manager in different linesof business
Regions
▪ All
Local Management
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Alexandros PapachristouSoventix Nigeria
Thorsten PreugschasSoventix Canada
Background▪CEO Colexon Energy AG▪Founder & Managing Director, Maaß Erneuerbare Energien
Regions▪Canada, USA
Jean-Paul de VilliersSoventix South Africa
Regions▪Southern & Eastern Africa
Background▪Managing Director Divwatt Projects▪Founder & Director Ecozone Systems
Peter KingSoventix United Kingdom
Regions▪England, Wales▪Northern Ireland
Background▪Co2st Coultancy Ltd.▪Enerpoint SPA
Matías HänelSoventix Chile
Regions▪Chile and Bolivia
Background▪CEO of Energía Cordillera▪Project manager at EBCO Energía
Regions▪Nigeria and West Africa
Background▪Commercial Manager SunRise PV Systems▪Project Development in Jordan
Edson UhaleSoventix East Africa
Regions▪Kenya and Rwanda▪East Africa
Background▪Founder & Managing Director Volt Africa Ltd. in Tanzania▪Founder & Business Development Director Greenovate Ltd.
Investment Pipeline
Energy Sales
Construction & Inter-Connection
Development
Asset Management
Project Finance
Management Team with exeptional Track recordSoventix Team Experience
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Global Industry Know-How
Since
2003120 projects successfully developed in 18 different countries
2,2 GW
Since
2003From initial design to plant commissioning in 15 different countries (>100 projects)
1,4 GW
Since
2010Bilateral Power Purchase Agreements (PPAs)
0,8 GW
Since
2003Pipeline Value (equity plus debt) in solar
PV and wind energy projects
$ 1,5 Bill.
Since
2003Transactions in 12 different countries
$ 0,5 Bill
Since
2011North America, Latin America, Europe and Asia
1,1 GW
Soventix Group Structure
16.04.2021
Soventix Holding GmbH(100% owned by Group CEO Thorsten Preugschas)
5
Soventix GmbH Headquarter in Germany:
Am Schornacker 121, 46485 Wesel
Doimega SRL, Romania
Small Scale Portfolio, UK
IPP Projects
Soventix GmbH
(branch UK)
100%
Soventix Chile
SpA
74,9%
Soventix Hybrid Ltd. (Nigeria)
50%
Soventix South Africa(Pty) Ltd.
100%
Soventix
Canada Inc.
100%
Soventix USA,
Inc.
100%
Global operations via subsidiaries
Soventix Zimbabwe
Ltd.
100%
Soventix Namibia
Ltd.
100%
Soventix East Africa Ltd.
100%Cis Energy SRL, Romania
Soventix Rwanda
Ltd.
100%
Soventix Core BusinessPV systems, grid-tied, off-grid and hybrid with or without tracker
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Development Engeneering ConstructionFinancing ProcurementCommercial & technical
ManagementIPP
➢ Country analysis➢ Site inspection and
development➢ Lease agreements and
property rights➢ Building permits➢ Power Purchase Agreements
(PPAs)➢ Due Diligence
➢ Profit evaluation➢ Set up of legal entities (SPVs)➢ Structuring of debt and equity➢ Tax and insurance planning➢ Prepare, audit and negotiate
contracts➢ Project placement as a single
project or portfolio to financial or strategic investors
➢ Insurance concept
➢ Layout of a plant➢ Cost calculation➢ Yield analysis➢ Technical planning:
conceptual, basic and detailed engineering
➢ Purchase agreements➢ Logistic services➢ Definition of products
➢ Coordination➢ Site supervision➢ Quality inspection➢ Commissioning
➢ Coordination➢ Site supervision➢ Quality inspection➢ Commissioning
➢ Ownership➢ Asset Management➢ Power sales
Soventix is offering Consulting Services along all different areas of the shown value chain (for details see next slide)
Soventix Consulting Service 1/2
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Analysis & ConceptsPlanning & Permitting
TenderingContract
Management
We formulate your project idea ina first project draft and examinethe possibilities for variousrealization concepts. In addition,we examine the technical andeconomic feasibility as a basisfor financing and overalloutcomes.
We develop the essentialplanning, permitting andapproval documents required forthe project and manage permitprocesses in line with theimplementation of the identifiedproject concept
Drawing on it experience inmultiple markets, Soventix canmanage the preparation oftender documents, either foraward to specific trades andsuppliers, or for award to ageneral contractor and canassist clients evaluate tenderresponses and support theawarding process.
Following award to selectedproviders, Soventix draws on itsmultinational experience withboth private and governmentprojects to assist thedevelopment of key contracts,and ancillary agreementsrelated to solar power plantrealization.
Pioneer in the solar industry - Specialist in solar
Soventix Consulting Service 2/2
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Asset Management / Owners Engineer
Project Extension orDismantling
During the realization of aproject, Soventix provides fullproject management service, re-porting to the owners on allaspects of a pro-ject as it passesthrough the construction phase,including contractorsupervision,timelines and budgetreviews, cost opti-mizationthrough to the finalcommissioning and trialoperation of the system.
Soventix offers technical andfinancial asset management tocontrol the daily performance ofthe project and to secure therevenue streams according to theachievable maxi-mum.Throughout all phases of theproject our industry ex-periencedconsultants support you withtheir technical and economicexpertise. We design andoptimize business processes anddevelop customized solutions.
Drawing on it experience inmultiple markets, Soventix canmanage the preparation oftender documents, either foraward to specific trades andsuppliers, or for award to ageneral contractor and canassist clients evaluate tenderresponses and support theawarding process.
Realization
Pioneer in the solar industry - Specialist in solar
Soventix Company History
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Company founded as project development vehicle of Sovello AG with Ventizz Capital Fund IV, L.P. As majority shareholder
Thorsten Preugschas joins as CEO
First projects realized in Germany, UK and Italy
Market entry in South Africa and Canada
7.4 MWp RietnordhausenProject in Germany sold
Construction of 9.3 MWp Cristuru Project Romania
International roll-out (Eastern Europe, North America, South Africa)
Market entry in the Caribbean
First Caribbean Project realized
Completion of construction:Monte Plata, Phase 1 with 33 MWp – biggest project in the overall Caribbean
Integration of hybrid department
Completion of Project Cristuru with 9.3 MWp in Romania
Expansion of hybrid business in LATAM (Bolivia, Colombia)
JV Agreement for Nigerian market signed by Gentec & Soventix
Construction of first grid connected and hybrid PV projects in Nigeria
Competion of first hybrid PV plant in Bolivia
Signature of a 22 MWp construction project in Zimbabwe
Start of construction of 22 MWp in Zimbabwe
Management Buy Out by group CEO Thorsten Preugschas
Sale of Soventix entities in Dominican Republic and Colombia
2010 - 2015
2016 - 2020
Completion of largest ground-mounted project in all over Nigeria
Start of O&M activities in Nigeria with 1.6MWp portfolio
Completion of project of 5 MWp first phase ofSolGas in Zimbabwe
2021 Succesfull sale of 9.3 MWp Solarparc Cristuru
Foundation of Soventix East Africa in Nairobi, Kenya
Foundation of Soventix Rwanda in Kigali
Top Solar Markets
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Top Solar Market Global Demand Share, 2015-2021E
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2015 2016 2017 2018 2019 2020 2021
Rest of the World 14 14 24 30 33 37 40
Chile 1 1 1 1 1 1 2
France 1 2 2 2 2 2 2
Australia 2 1 2 2 2 2 2
Germany 3 2 2 2 2 2 2
UK 8 3 1 1 0,3 0,3 0,3
India 4 7 12 14 14 13 12
Japan 23 14 13 9 5 3 2
United States 15 20 18 16 19 20 20
China 29 36 25 23 21,7 19,7 17,7
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Our Vision
DNAMedium sized business attitude, entrepreneurship, special attendance to commercial end customers and institutional investors. Driven by technology and economy.
DNA
MissionTo pursue the energy revolution in the field of PV, by developing, building and financing the best projects worldwide, delivering affordable, high quality and uninterrupted power supply.
Mission
ValuesQuality that works for life, experienced through strong partnership, accountability, performance and sustainability.
Values
VisionBe one of the leading PV Market players with supplier independence and a strong customer base, utilizing our extensive and internationally diversified project development activities to realize and operate large projects and portfolios of highest performance.
Vision
Investment StrategyPartnerships for co-investments in Renewable Energy projects
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Specialists in investment in the Renewable Energy sector
Areas of value
creation
Objective
Vehicle
What we do at
Soventix GmbH
Differentiating
factor
DevelopmentEnergy
CommercializationFinancial
Structuring
Investments in
Operating Assets
$250 M under management in 2021
Greenfield development and energy commercialization(solar PV in Africa and LatAm)
Project structuring Portfolio of operating assets
Solar Development Fund Investment
Framework
Agreements
Investment Funds +
Investment Consortiums
-Greenfield development
projects
-Co-development agreements
-Project sale agreements at the
„Ready to Built“ phase
-Private PPAs
-Tenders / public bids
-Joint bidding agreements
-Project sale agreements at
the „Ready to Build“ phase
Structuring investments in
specific assets for their
development, energy
commercialization, financing,
construction management and
operation
Investments in a portfolio of
operating assets from their
construction (if applicable) to
their subsequent long-term
management
Command of the key areas of value creation in order to maximize returns and mitigate and control risks
Strong Project Pipeline (Solar + Storage)
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Only EPC
Overall activities: Project Development, EPC, Solar Assets, etc.
South America141.6 MWp
Africa1,014.3 MWp
Europe406.6 MWp
North America230.6 MWp
Strong Project Pipeline
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Continent Constructed
Projects (MWp)
Current Pipeline(MWp)
Quantity ofProjects
RTB(MWp)
RTB in next12 months (MWp)
Early Stage of Development (MWp)
Under construction(MWp)
North America 21.0 230.6 5.0 0.0 130.0 90.6 10.0
South America 47.0 141.6 14.0 51.0 69.0 7.3 14.3
Africa 5.7 1014.3 80.0 154.0 205.2 525.1 130.0
Europe 62.9 406.6 29.0 30.0 204.0 171.6 1.0
Total 136.6 1793.1 128.0 235.0 608.2 794.6 155.3
Europe
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Sannicolau Mare
Location: Timis County, RomaniaType: Ground-mountedSize: 2,498.28 kWpModules & Inverter: Sovello SV-T / SMA Sunny CentralCompleted: February 2014
Warth Park
Location: Raunds, UKType: RooftopSize:100.00 kWpModules & Inverter: BYD / Huawei Completed: February 2018
Location: Gerstungen, GermanyType: Ground-mountedSize: 3,870.00 kWpModules & Inverter:Sovello SV-X / Power OneCompleted: January 2012
Location: Pesaro , ItalyType: RooftopSize:1,704.37 kWpModules & Inverter: Sovello SV-X / Power OneCompleted: August 2011
Gerstungen Marghesolar
Africa
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Siemens Headoffice
Location: Johannesburg, South AfricaType: Roof and CarportSize: 998.40 kWpModules & Inverter:Trina / SolaredgeCompleted: February 2018
Nigerian Bank
Location: Nigeria, AfricaType: PV-Hybrid SystemsSize: 11 x 8 kWp + 72 kWhModules & Inverter: Sovello / Schneider ConextCompleted: March 2018
Location: Hwange, ZimbabweType: Ground-mountedSize: 5.246,1 kWpModules & Inverter: Seraphim / HuaweiCompleted: July 2020
Location: Ogun State, NigeriaType: Ground-mountedSize: 999.96 kWpModules & Inverter: SunPower / HuaweiCompleted: November 2019
Solgas, Zimbabwe Rite Foods, Nigeria
North America
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GT CH 3 Timiskiming
Location: District of Timiskiming, Ontario, CanadaType: TrackerSize: 600.00 kWpModules & Inverter: Hanwha Q.Plus / HuaweiCompleted: December 2017
GT CH 9 Timiskiming
Location: District of Timiskiming, Ontario, CanadaType: TrackerSize: 600.00 kWpModules & Inverter: Hanwha Q.Plus / HuaweiCompleted: September 2017
Location: Brampton, Ontario, CanadaType: RooftopSize: 600.00 kWpModules & Inverter: Canadian Solar / Advanced EnergyCompleted: October 2014
Location: Brampton, Ontario, CanadaType: RooftopSize: 300.00 kWpModules & Inverter: Canadian Solar/ Advanced EnergyCompleted: October 2014
40 Holtby 2605 Summerville Court
Central America / Caribbean
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Monte Plata Phase I
Location: Monte Plata,Dominican Republic Type: Ground-mountedSize: 33,389.00 kWpModules & Inverter: GES / HuaweiCompleted: March 2016
Parque Industrial Duarte
Location: Santo Domingo,Dominican RepublicType: RooftopSize: 777.40 kWpModules & Inverter: GCL / HuaweiCompleted: December 2017
Location: Santo Domingo, Dominican RepublicType: RooftopSize: 409.00 kWpModules & Inverter: Canadian Solar / HuaweiCompleted: May 2017
Location: Santo Domingo, Dominican RepublicType: RooftopSize: 1049 kWpModules & Inverter: LongiSolar / HuaweiCompleted: September 2018
Editora de Formas Caribetrans
Latin America
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Las Lomas
Location: Peralillo, ChileType: Ground-mountedSize: 95 kWpModules & Inverter: GCL/ HuawaiCompleted: February 2018
El Sena
Location: El Sena, BolviaType: Ground-mountedSize: 426 kWpModules & Inverter: Astronenergy/ SMACompleted: September 2018
Location: Peralillo, ChileType: Ground-mountedSize: 255 kWpModules & Inverter: Trina & IngeteamCompleted: January 2020
Las Lomas II
Soventix at a Glance
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A leading turnkey provider for PV projects with strong track record,
international presence and significant pipeline.EPC: Engineering, Procurement, Construction; O&M: Operations & Maintenance
Soventix is a turnkey solution provider in the development and realization of medium and
large scale solar power facilities with a target size between 1 and 100 MWp.
Project Pipeline
Soventix is present in today´s and tomorrow´s major PV markets in Europe, Africa
and America. Diversified project pipeline of 1,834.1 MWp with significant project
volume under construction or Ready to Build.
International Footprint
Team track record of 5,000+ projects ranging from a size of single kWp to multi
MWp with proven experience in project development and execution. More than
250 man-years of solar experience.
Team Track Record
Range of services include project development, public approvals, financing, EPC, grid
connection, O&M and consultancy services. Access to all market technologies like fix
tilt, hybrid-systems, 1-axis-tracker, 2-axis tracker or concentrator systems. Fully
supplier independent.
Competence
Soventix actively works on levers to bring the PV business to the next level: entry
into emerging PV markets, independent power sales, innovative project structuring
and financing.
Next Level
Thanks for your attention!
Soventix GmbH
Am Schornacker 121
46485 Wesel
Germany
Phone: +49 (0)281 40 56 77-0
Fax: +49 (0)281 40 56 77-990
Email: [email protected]
Website: www.soventix.com
Disclaimer
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This document is provided for information purposes only and does not constitute and shall not be deemed to be inany way an offer or invitation or solicitation of any offer or invitation to purchase shares in Soventix GmbH (the“Company”) and/or any of its subsidiaries and/or assets. This document has not been filed, lodged, registered orapproved in any jurisdiction and recipients of this document should keep themselves informed of and comply withand observe all applicable legal and regulatory requirements. The Company does not make or give anyrepresentation, warranty or guarantee, whether express or implied, that the information contained in this documentor otherwise supplied to an interested party (“Information”) is complete or accurate or that it has been or will beaudited or independently verified, or that reasonable care has been or will be taken by them in compiling, preparingor furnishing the information. This document contains estimates and forward looking statements. All estimates andforward looking statements are subject to uncertainty and unexpected events, many of which cannot be anticipatedor controlled. Accordingly, actual results are likely to differ from the estimates and forward looking statements, andthe differences may be material. The document may not be relied upon in any way by the interested party inassuming any contractual or other obligation or liability in relation to an acquisition of the Company, its assets orotherwise. This document is provided on the basis that the interested party should not treat this document asadvice relating to legal, taxation or investment matters and will carry out its own independent inquiries andassessment of the Information and makes its own independent decisions about the evaluation of the investmentopportunity. The Company does not accept any responsibility for any inference, interpretation, opinion or conclusionthat an interested party may draw from the Information. In consideration of the Company making available thisdocument to the recipient, the recipient agrees that the contents of this document should be kept confidential andmay not be photocopied, reproduced in whole or in part or distributed to any other person at any time without theprior written consent of the Company.