THE PROVEN, GLOBAL, AND SCALABLE SOLAR PLATFORM

Transcription

1 THE PROVEN, GLOBAL, AND SCALABLE SOLAR PLATFORM

2 CONTENT 1 5 Who we are and what matters to us Our ESG performance 2 6 Our footprint Key facts 3 7 What we do Our leadership team 4 8 Environmental, social and governance (ESG) Our offices

3 WE HARNESS THE POWER OF THE SUN TO BUILD A BRIGHT FUTURE WHO WE ARE We are an established Independent Power Producer (IPP) with a proven track record of successfully designing, financing, building and monitoring high-performance, cost-competitive solar plants around the world. Sonnedix Group is majority owned by institutional investors advised by J.P. Morgan Asset Management. WHAT MATTERS TO US Solar energy s potential to transform daily life drives us to do what we do everyday. It s what inspires us to build solar plants that endure, to use the most current technologies available to harness the power of the sun, and to work with partners that share our commitment to producing a continuous, reliable and efficient supply of clean energy from the sun. At Sonnedix, we don t just talk about revolutionising the energy industry we do it. We are constantly evaluating multiple regulatory regimes at different phases of integration in the rapidly-expanding global solar market to uncover new opportunities to revolutionise the energy industry. And by applying our global diversification approach to spread our portfolio s risk across projects, countries and currencies, we re ensuring that we can continue to do so into the future. We believe in a world where the future of solar power is limitless and we re doing everything in our power to get us there sooner.

4 OUR FOOTPRINT A look into where we are today and where we ll be tomorrow. Sonnedix currently has over 190 power plants in operation, construction or the initial stages of planning in 8 countries. But in order to generate enough solar power to reach grid parity around the world and create a sustainable and climate-friendly future for all, we re continuing to expand. CHILE MW FRANCE MW ITALY MW JAPAN MW PUERTO RICO MW SOUTH AFRICA MW SPAIN MW UK 4.02 MW

5 WHAT WE DO Sonnedix concentrates its value add in the development, construction, production and sale of PV electricity. We source the best available technology to maximise revenue and profit and ensure the sustainability of our PV parks. BUSINESS DEVELOPMENT We bring our global view and dynamic approach to problem solving to discover, evaluate and de-risk all aspects of potential projects in OECD markets with supportive regulatory regimes. Our role is to work with developers, brokers, relevant permitting bodies, land owners and internal functional teams, among others, to bring projects to a fully-consented, ready-to-build stage. PROJECT FINANCING We organise debt and other non-recourse financing for newly developed or acquired solar projects, as well as optimise financing for the company s existing project portfolios. Our team is also responsible for raising debt and other non-recourse financing at the best possible terms to ensure Sonnedix s assets fulfill their required cash yields and rate of returns over the long term. In our role, we work closely with lenders and other outside advisors to structure, negotiate, and close financing transactions with the goal of supporting the business in efficiently, reliably and profitably delivering long-term, effective energy services and solutions. ENGINEERING & CONSTRUCTION Our team is mainly composed of engineers and project managers with expertise in technical and technological trends, local codes, rules and regulations, as well as overall construction costs in specific regions. Our core role is to manage the construction process of our plants, including choosing a contractor and providing daily on-site supervision. We also work closely with other Sonnedix teams, operating as one to make and implement decisions quickly. For example, we support our Business Development team in choosing land, performing technical due diligence, and design and yield analysis, as well as our Operations & Asset Management team when we finalise the hand over of finished plants. OPERATIONS & ASSET MANAGEMENT Once our power plants transition from construction, or via acquisition, to an operating asset, we re responsible for driving their performance and managing any associated ownership risks to ensure that our solar energy platforms offer more than others. This means we focus on reducing downtime and operating costs, as well as guaranteeing that the site is well maintained with all the necessary upgrades to ensure continued safety and efficiency. Many of our assets are run on a day-to-day basis by external parties, so we are also closely involved in contract management, including looking for opportunities to optimise expenditures and managing any breaches of performance guarantees within our contracts. WE BELIEVE IN TRANSFORMING THE FUTURE THROUGH SOLAR POWER

6 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) Integrating responsible, forward-thinking corporate policies into our daily business practices is key to us achieving our goal of smartly transforming the sun s power into clean energy. It s what allows us to behave sustainably, ethically and accountably as we develop, finance, build and operate solar plants around the world. It s also what ensures that we have a positive impact on our people and the environments and communities within which we work. We focus our corporate policies on three specific areas: Environmental: Protect, enhance and care for the environments where we build and operate our solar plants. Social: Support the communities we work in with social and developmental activities, job opportunities and essential provisions. Governance: Ensure our employees and partners are committed to integrity in action, fairness in conduct and respect for all. OUR ESG PERFORMANCE Our efforts have had an impact with GRESB (Global Real Estate Sustainability Benchmark), an independent, investor-driven organisation committed to assessing the ESG performance of real assets globally, awarding Sonnedix a 5-star rating in 2018 and PV Power Generation Sector Leader. 1st out of 14 2nd out of 63 12th out of 280 RENEWABLE POWER GENERATION: Photovoltaic Power Generation ENERGY GENERATION: Renewable Power Generation ALL INFRASTRUCTURE ASSETS DOING OUR PART TO BUILD A BRIGHT FUTURE FOR ALL

7 KEY FACTS OUR LEADERSHIP TEAM We aim to grow sustainably and create value by leveraging our prudent capital structure and sponsorship and investing in high-quality assets with predictable cash flows. We are also continuously building and executing upon a pipeline of new projects and M&A opportunities. Sonnedix is led by executives with global experience in project financing and asset management, engineering and operation, and every aspect of the renewable energy value chain. They work together to ensure Sonnedix contributes to smartly expanding the adoption and impact of solar power, while growing sustainably, profitably, and responsibly. ~200 Carlos Guinand Chairman of the Board Axel Thiemann Chief Executive Officer Stephen Taylor HR Marissa Corda Legal & Compliance SOLAR POWER PLANTS Joern Hackbarth Jimmy Hansson Olivier Renon Maurizio Grassi Engineering & Construction Operations Business Development Mergers & Acquisitions 200+ EMPLOYEES David Flory Project Finance Stephen Williams Chief Financial Officer Craig Chapman Commercial / Optimization OUR OFFICES 1, MW CONTROLLED CAPACITY (AS OF JANUARY 2019) AMERICAS USA 220 Alhambra Circle Suite 410, Coral Gables Miami, FL Chile Flor de Azucena 42, Oficina 42 Las Condes, Santiago Puerto Rico El Caribe Office Building 53 Palmeras Street, Suite 401 San Juan, PR EUROPE MW UK 90 Union Street SE1 0NW France Espace Performance Bâtiment M1 Italy Viale Francesco Restelli Milano (MI) Spain Calle Principe de Vergara 108, 12th Floor OPERATIONAL/MECHANICALLY COMPLETE London, UK Saint Grégoire and ZI Athélia I bâtiment Via Ettore de Sonnaz Torino (TO) (Sede Legale) Madrid C 420 rue des Mattes La Ciotat cedex MW AFRICA ASIA UNDER CONSTRUCTION & DOCUMENTATION South Africa 1 Thibault Square 19th floor Japan 6th Floor, Ryuen Building, Cape Town Shiba Koen, Minato-ku, Tokyo *Sonnedix Japan is the trusted operator for investments made by Sonnedix in Japan.

8 JANUARY 2019 THINK SOLAR THINK SONNEDIX