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COMPANY PRESENTATION August 2019

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Page 1: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

COMPANY PRESENTATION

August 2019

Page 2: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

Group Management

Head of Project Service

Gert Röttgers

Responsibilities: Project Due Diligence

Process, Contract Management, Asset

Management IPP Portfolio

Background:

• Sales & Project Manager, Colexon

Energy AG

• Proxy Holder as Sales Manager and

Product Development Manager,

Wavin GmbH

Regions: All

CEO

Responsibilities: Company strategy,

Business Development, Operations &

Maintenance, Sales & Marketing

Background:

• CEO, Colexon Energy AG

• Founder and Managing Director,

Maaß Erneuerbare Energien GmbH

Regions: All

Thorsten Preugschas

Head of Accounting

Stefan Schulz

Responsibilities: Accounting,

Controlling, HR

Background:

• Head of Accounting Groupe Royer

• Head of Accounting METRO AG

• Proxy Holder, Finance Manager in

different lines of business

Regions: All

Page 3: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

Local Management

Matías Hänel

Regions: Chile, Argentinia and Bolivia

Background:

• CEO of Energía Cordillera

• Project manager at EBCO Energía

• Project Manager at GPE

Jean-Paul de Villiers

Regions: Southern & Eastern Africa

Background:

• Managing Director Divwatt Projects

• Founder & Director Ecozone Systems

Michael Kendon

Regions: Canada, USA

Background:

• Director Korral Partners Ltd.

• Corporate Development Director

Scipher PLC

Alexandros Papachristou

Regions: Nigeria and West Africa

Background:

• Commercial Manager SunRise PV Systems

• Project Development in JordanPeter King

Regions: England, Wales, Northern Ireland

Background:

• Co2st Consultancy Ltd.

• Enerpoint SPA

Soventix Canada

Soventix Chile

Soventix South Africa

Soventix Nigeria

Soventix United Kingdom

Page 4: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

Group Structure Soventix

Soventix South

Africa (Pty) Ltd.

Soventix

Canada Inc.

Global operations via subsidiaries

Soventix GmbH

(branch UK)Soventix Chile

SpA

Soventix USA

Inc.

Soventix

Hybrid Ltd.

(Nigeria)

100%

100%100%

100%74,9%

50%

IPP Projects

Doimega SRL, Romania

CIS Energy SRL, Romania

Ever Solar SA, Romania

Small Scale Portfolio, UK

Soventix Holding

GmbH

Group CEO

T. Preugschas

Soventix GmbHHeadquarter in Germany:

Am Schornacker 121, 46485 Wesel

4

Page 5: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

Soventix Core Business

1 2 3 4 5 6 7

Development Financing Engineering Procurement Construction

Commercial and

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

PV systems: grid-tied, off-grid and hybrid with or without tracker

Soventix is able to make a difference by choosing the best performing products

and integrating local requirements into project development and EPC delivery. 5

Page 6: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

Company History

2019

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Company

founded as

project

developmen

t vehicle of

Sovello AG

with Ventizz

Capital

Fund IV, L.P.

as majority

shareholder

Thorsten

Preugschas

joins as

CEO

First

projects

realized in

Germany

and Italy

Canada

market

entry

Current

shareholder

structure

established

under VCF IV

LP

Market Entry

in South

Africa and

Canada

First UK

Projects

realized

Continued

internationa

l roll-out

(Eastern

Europe,

North

America,

South

Africa)

Market

entry in

Central and

South

America

7.4 MW

Riethnord-

hausen

Project in

Germany

sold

HQ

relocation

to Wesel

Market

Entry in the

Caribbean

First

Caribbean

Project

realized

Constructio

n of 9.3

MWp

Cristuru

Project

Romania

Completion of

construction:

Monte Plata,

Phase 1 with 33

MWp – biggest

project in the

overall

Caribbean

Integration of

the hybrid

department

Completion of

Project Cristuru

with 9.3MWp 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

Completion of

first hybrid PV

plant in Bolivia

Signature of a 22

MWp

construction

project in

Zimbabwe

Start of

construction of

22MWp in

Zimbabwe

Management Buy

Out by group

CEO Thorsten

Preugschas

Sale of Soventix

entities in

Dominican

Republic and

Columbia

6

Page 7: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

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

Top Solar MarketsTop Solar Market Global Demand Share, 2015-2021E

7Numbers in % of annual installation

Page 8: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

Our Vision

Our DNA

Our Mission

Our Values

Medium sized business attitude, entrepreneurship,

special attendance to commercial end customers and

institutional investors. Driven by technology and

economy.

To 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.

Quality that works for life, experienced through strong

partnership, accountability, performance and

sustainability.

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.

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Page 9: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

Strong Project Pipeline

Africa

1,014.3 MWp

Europe

6.6 MWp

Only EPC

Overall activities: Project Development, EPC, Solar Assets, etc.

South America

141.6 MWp

North America

271.9 MWp

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Page 10: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

Overview Country Pipeline

*North America: Canada, USA & Mexico**South America: Bolivia, Chile, Argentina (constructed projects also including Dominican Republic)

***Africa: Republic of Ghana, Kenya, Mozambique, Namibia, Nigeria, Zambia, Zimbabwe, South Africa, Togo, Malawi, Tanzania, Mali, Mauritius, Bahrain

****Europe: Germany, Italy, Romania, England and Wales,Northern Ireland, Spain.

Continent

Constructed

Projects

(MWp)

Current

Pipeline

(MWp)

Quantity of

Projects

RTB

(MWp)

RTB in next

12 months

(MWp)

Early Stage of

Development

(MWp)

Under

construction

(MWp)

* North

America14.6 271.9 26 1.3 116.3 167.7 0.0

** South

America39.6 141.6 9 51.0 67.7 21.3 0.4

*** Africa 3.2 1014.3 47 51.0 708.1 271.3 0.2

**** Europe 63.0 6.6 8 0.0 6.4 0.2 0.0

Total 120.4 1434.4 90 103.3 898.5 460.5 0.6

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Page 11: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

Europe

Location: Raunds, UK

Type: Rooftop

Size:100.00 kWp

Modules & Inverter:

BYD / Huawei

Completed: February 2018

Warth Park

Location: Pesaro , Italy

Type: Rooftop

Size:1,704.37 kWp

Modules & Inverter:

Sovello SV-X / Power One

Completed: August 2011

Marghesolar

Location: Gerstungen, Germany

Type: Ground-mounted

Size: 3,870.00 kWp

Modules & Inverter:

Sovello SV-X / Power One

Completed: January 2012

Gerstungen

Location: Timis County, Romania

Type: Ground-mounted

Size: 2,498.28 kWp

Modules & Inverter:

Sovello SV-T / SMA Sunny Central

Completed: February 2014

Sannicolau Mare

11

Page 12: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

Africa

Location: Nigeria, Africa

Type: PV-Hybrid Systems

Size: 11 x 8 kWp + 72 kWh

Modules & Inverter:

Sovello / Schneider Conext

Completed: March 2018

Nigerian Bank

Location: Knysna, South Africa

Type: Roof and ground-mounted

Size: 65.34 kWp

Modules & Inverter:

Jinko / Huawei

Completed: December 2017

Knysna Elephant ParkLocation: Cape Town, South Africa

Type: Rooftop

Size: 196.68 kWp

Modules & Inverter:

Canadian Solar / Huawei

Completed: February 2018

ACA 2nd Phase

Location: Johannesburg, South Africa

Type: Roof and Carport

Size: 998.40 kWp

Modules & Inverter:

Trina / Solaredge

Completed: February 2018

Siemens Headoffice

12

Page 13: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

North America

Location: District of Timiskiming,

Ontario, Canada

Type: Tracker

Size: 600.00 kWp

Modules & Inverter:

Hanwha Q.Plus / Huawei

Completed: September 2017

GT CH 9 Timiskiming

Location: Brampton, Ontario,

Canada

Type: Rooftop

Size: 300.00 kWp

Modules & Inverter:

Canadian Solar/ Advanced Energy

Completed: October 2014

2605 Summerville Court

Location: Brampton, Ontario,

Canada

Type: Rooftop

Size: 600.00 kWp

Modules & Inverter:

Canadian Solar / Advanced Energy

Completed: October 2014

40 Holtby

Location: District of Timiskiming,

Ontario, Canada

Type: Tracker

Size: 600.00 kWp

Modules & Inverter:

Hanwha Q.Plus / Huawei

Completed: December 2017

GT CH 3 Timiskiming

13

Page 14: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

Central America/ Caribbean

Location: Santo Domingo,

Dominican Republic

Type: Rooftop

Size: 777.40 kWp

Modules & Inverter:

GCL / Huawei

Completed: December 2017

Parque Industrial Duarte

Location: Santo Domingo,

Dominican Republic

Type: Rooftop

Size: 1049 kWp

Modules & Inverter:

LongiSolar / Huawei

Completed: September 2018

Caribetrans

Location: Santo Domingo,

Dominican Republic

Type: Rooftop

Size: 409.00 kWp

Modules & Inverter:

Canadian Solar / Huawei

Completed: May 2017

Editora de Formas

Location: Monte Plata,

Dominican Republic

Type: Ground-mounted

Size: 33,389.00 kWp

Modules & Inverter:

GES / Huawei

Completed: March 2016

Monte Plata Phase I

14

Page 15: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

Latin America

Location: El Sena, Bolvia

Type: Ground-mounted

Size: 426 kWp

Modules & Inverter:

Astronenergy/ SMA

Completed: September 2018

El SenaLocation: Peralillo, Chile

Type: Ground-mounted

Size: 95 kWp

Modules & Inverter:

GCL/ Huawai

Completed: February 2018

Las Lomas

15

Page 16: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

Soventix at a Glance

A leading turnkey provider for PV projects with strong track record,

international presence and significant pipeline.

Project Pipeline 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.

Competence 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.

International

Footprint

Soventix is present in today´s and tomorrow´s major PV markets in Europe,

Africa and America. Diversified project pipeline of 1,434.1 MWp with

significant project volume under construction or Ready to Build.

Next Level 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.

Team Track

Record

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.

16EPC: Engineering, Procurement, Construction; O&M: Operations & Maintenance

Page 17: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

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

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Page 18: COMPANY PRESENTATION August 2019€¦ · COMPANY PRESENTATION August 2019. Group Management Head of Project Service ... • Corporate Development Director Scipher PLC Alexandros Papachristou

This document is provided for information purposes only and does not constitute and shall not be deemed to

be in any 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 or approved in any jurisdiction and recipients of this document should keep themselves informed of

and comply with and observe all applicable legal and regulatory requirements. The Company does not make or

give any representation, warranty or guarantee, whether express or implied, that the information contained in

this document or otherwise supplied to an interested party (“Information”) is complete or accurate or that it

has been or will be audited or independently verified, or that reasonable care has been or will be taken by them

in compiling, preparing or furnishing the information. This document contains estimates and forward looking

statements. All estimates and forward looking statements are subject to uncertainty and unexpected events,

many of which cannot be anticipated or controlled. Accordingly, actual results are likely to differ from the

estimates and forward looking statements, and the differences may be material. The document may not be relied

upon in any way by the interested party in assuming any contractual or other obligation or liability in relation to

an acquisition of the Company, its assets or otherwise. This document is provided on the basis that the

interested party should not treat this document as advice relating to legal, taxation or investment matters and

will carry out its own independent inquiries and assessment of the Information and makes its own independent

decisions about the evaluation of the investment opportunity. The Company does not accept any responsibility

for any inference, interpretation, opinion or conclusion that an interested party may draw from the Information.

In consideration of the Company making available this document to the recipient, the recipient agrees that the

contents of this document should be kept confidential and may not be photocopied, reproduced in whole or in

part or distributed to any other person at any time without the prior written consent of the Company.

Disclaimer

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