2020 half-year results 27 July 2020 2 0 2 0 h a l f - y e - PowerPoint PPT Presentation

2020 half-year results 27 July 2020 2 0 2 0 h a l f - y e a r r e s u l t s 1

Sommaire 1 Recent update 3 2 Strategic positioning 5 3 Operational performance 15 4 Financial results 26 5 Outlook 34 6 Appendix 38 2 0 2 0 h a l f - y e a r r e s u l t s 2

1 Recent update 3 2 0 2 0 h a l f - y e a r r e s u l t s 3

Recent highlights  Strong rise in EBITDA (+19% yoy) and net income, Group share (+34% yoy)  COVID-19 – Good resilience of the economic model and normal operation of the facilities – Conversion to biomass of Albioma Le Moule (formerly Albioma Caraïbes) power plant: gradual resumption of work in Guadeloupe after a shutdown due to the confinement measures, leading to a delay of several months (commissioning planned for Q4 2020)  Solar Power – 20 MWp of PV projects awarded during the last governmental calls for tenders related to French non-interconnected areas (17 MWp) and continental France (2.9 MWp)  Albioma entered the SBF 120 and CAC Mid-60 indexes as of 19 June 2020 1. Recent update 2020 half-year results 4

2 Strategic positioning 5 2 0 2 0 h a l f - y e a r r e s u l t s 5

Albioma An independent renewable energy producer Key figures Committed to the energy transition through biomass and photovoltaic 13 567 ~ 1GW thermal power experts installed stations capacity end Unique partnership for 25 years with June 2020 the sugar industry to produce renewable energy from bagasse , the fibrous residue from sugar cane 2.6 M €506 m 3.8 TWh people supplied 2019 revenue of electricity sold with electricity per year The leading producer of photovoltaic energy in the French overseas territories 120 100 MWp €183 m kWh/tc exported to the installed 2019 EBITDA grid in the capacity in solar Located in mainland France, French overseas plants territories overseas territories, Mauritius and Brazil 2. Strategic positioning 2020 half-year results 6

~ 1 GW installed capacity across the world Of which 841 MW thermal biomass and 100 MWp solar 1 Strong market shares (2019) 46 % of power generated on Reunion Island Metropolitan France – 33 MW 40 % in Mauritius and the rest of Europe 26 % in Guadeloupe 33 19 % in Martinique MWp West Indies and French Guyana - 216 MW Guadeloupe, Martinique, French Guyana Indian Ocean - 500 MW 182 34 Reunion Island, Mauritius, Mayotte MW MWp Brazil - 193 MW 466 193 34 MW MW MWp 1 As of June 2020 2. Strategic positioning 2020 half-year results 7

Liquidity and shareholder structure Albioma now part of SBF 120 index Liquidity Shareholder structure at 30 June 2020 Dark o ther Euronext OTC Total Pool platefo rms Number of traded shares Daily average - last 6 months 61,648 37,136 3,495 51,112 153,391 Daily average - last 12 months 46,550 30,512 2,682 36,422 116,166 in millions of euros Daily average - last 6 months 1,930 1,167 111 1,625 4,834 Daily average - last 12 months 1,346 871 78 1,073 3,368 Source: Bloomberg – 17 July 2020 Number of ordinary shares 31,601,983 in issue - 20 July 2020 2. Strategic positioning 2020 half-year results 8

Three-pronged strategy Act for the energy transition in 1 French overseas territories 2 Global rollout of Albioma’s expertise 3 Accelerate the development in solar PV 2. Strategic positioning 2020 half-year results 9

Act for the energy transition in French overseas territories Continuing the rise in 100% biomass Make use of solid renewable energy target in our plants recovered fuels (SRF) production  Substitution of biomass for  Production of reliable energy, coal in plants which recover guaranteeing security and bagasse stability of the grid from 100% renewable sources  Give priority to local biomass, while avoiding conflicting uses  Solar energy storage projects (cane straw, forest residues, and 100% storage projects in etc.) and contributing to a non interconnected areas circular economy (green aiming to counter the waste, etc.) intermittent nature of production  Use of traceable and renewable imported biomass to top up 2. Strategic positioning 2020 half-year results 10

Global roll- out of Albioma’s expertise From 2000 up until today In the medium term Mauritius Continuation of the development in Brazil   40% of the electricity produced on the island Capitalise on our experiences today  1 project currently under construction: Vale do  3 plants currently in operation Paraná  1 project under development Continued expansion Brazil  Geographical approach: supporting existing sugar- refining partners or exploiting or developing new  The world's leading sugar cane producer (700 projects in Latin America, South-East Asia... Mtp)  Project approach: developing other sources of  Use of bagasse for energy production: 8.5% of renewable energies energy production in Brazil comes from biomass (mainly bagasse) 1  3 plants currently in operation 1 Source : Empresa de Pesquisa Energética - http://www.epe.gov.br 2. Strategic positioning 2020 half-year results 11

Accelerate and strengthen solar power development Positioning on Innovative solutions A very promising targeted and market profitable segments  Consolidate our leading  Positioning on energy  Increase in the size of position in French overseas storage/network service projects eligible to energy markets and strengthen it purchase obligation rates – 7.4 MW / 14.9 MWh in mainland France from 100 kWp to 300 kWp project winner of the October 2019 CRE call for  Reference target segments: tenders in Mayotte  Visibility on tender volumes: small and medium approx. 270 MWp between rooftops, storage, onsite 2019 and 2020 in the non- consumption, land with no  Winner of the CRE tender interconnected areas and conflict of use for solar PV projects with 2.2 GWp in metropolitan storage in the French France overseas departments  Consolidation of our portfolio through selective acquisitions 2. Strategic positioning 2020 half-year results 12

At least 80 % renewable energy target by 2023 In line with French “Climate plan” objectives <20 % >80 % 67 % 36 % 33 % 2023 target 64 % 2019 2013 Renewable Fossil 67% of our energy mix from renewable energy sources Confirmation of the continued increase of the renewable share Note: Aggregate of fully consolidated companies. Renewable energy (electrical and steam) as a share of total production. 2. Strategic positioning 2020 half-year results 13

Strong extra-financial performance Some of our environmental and social initiatives Achievement of a robust ESG 59/100 Development and performance (+9 points vs 2018) solar energy in Madagascar , by ESG score Top 20 of the sector (among 65 providing solar lighting for the companies evaluated) 1 Akamasoa village in Madagascar Integrated to Commitment to Gaïa Index Rewards the best performers from a the preservation panel of 230 SME’s and MidCaps of biodiversity in Mauritius , by cleaning the Riambel beach reknowned to be a passage way for turtles and dolphins 75 % Thorough governance practices Preservation of sustained by an independent and water ressources Independance dynamic Board of Directors in Guadeloupe , by improving the control and treatment of industrial and rainwater 1. Vigeo Eiris – December 2019 2. Strategic positioning 2020 half-year results 14

3 Operational performance 15 2 0 2 0 h a l f - y e a r r e s u l t 1 s 5

Main impacts of the Covid-19 sanitary crisis  Good resilience of the activity and normal operation of the facilities thanks to continuity plans & respect of sanitary measures  Shutdown of the conversion to biomass worksite of Albioma Le Moule 3 (formerly Albioma Caraïbes) in Guadeloupe during the lockdown period – Gradual resumption of work since May – Force majeure clause claimed with EDF in order to compensate for the unavailability of the plant due to the extension of the conversion shutdown period – Restart of the plant delayed by several months – expected Q4 2020  Construction of photovoltaic plants were halted during the lockdown period and were able to resume since May  Direct financial cost of the measures taken during the sanitary crisis amounts to c. €2 million (purchase of protective equipment/masks and reorganisation of the teams to comply with the health measures)  No use made of the French State support measures (short- time work, “guaranteed loan”...), increase in stock to prevent fuel shortage, accelerated payment to suppliers  Cash position at 30 June 2020: €118 million – No use made of the available credit lines (RCF line fully available on 30 June 2020: €60 million) 3. Operational performance 2020 half-year results 16

3.1 France 17 2 0 2 0 h a l f - y e a r r e s u l t 1 s 7

France – Thermal Biomass – operations Plant availability Power generation 984 975 86.7% 85.0% In GWh H1 2019 H1 2020 H1 2019 H1 2020  High availability of our plants in the context of the COVID-19 crisis  Works for the conversion to biomass of Albioma Le Moule 3 (formerly Albioma Caraïbes) were delayed due to lockdown measures and travel restrictions (started 1 March 2020) – restart of the plant expected Q4 2020 3. Operational performance 2020 half-year results 18