DGAP-News 414 0 Kommentare COLEXON Energy AG: The new group targets annual growth in Cash Flow Per Share of at least 20% per year

DGAP-News: COLEXON Energy AG / Key word(s): Forecast
COLEXON Energy AG: The new group targets annual growth in Cash Flow
Per Share of at least 20% per year

29.09.2014 / 12:49

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Hamburg, 29.09.2014 - Following the business combination between Colexon
Energy AG and 7C Solarparken NV, the new group is presenting to the
financial community the outlook and objectives of the new company for the
period 2014-'16. The presentation can be accessed on
http://colexon.de/content/en/050_investor_relations/040_publications/020_p
resentations.php and contains the following key messages:

- As a pure play owner-operator of PV assets in Germany, the new Colexon
Energy AG is stressing the relevance of shareholder value and cash
flows rather than megawatts, and accordingly defines its new targets in
"Cash Flow Per Share (CFPS)". Management is emphasizing maximum cost
rationalisation, better PV plant efficiency and selective growth in IPP
and PV Estate to reach a CFPS of EUR 0.40 by 2016. The new group sees
economic EBITDA rising to EUR 20mio (*) by 2016 while net economic debt
should drop below EUR 115mio.

- The majority of the growth in cash flow will come from a sustainable
EUR 2mio cost-reduction program and a performance-driven management of
existing parks. Internal optimisation gains evidently mirror
management's priority as they add substantial EBITDA for minimal
capital intensity.

- New capacity growth will be highly selective and must fulfil strict
investment discipline offering returns of at least returns 250bps above
new-build IRR. The existing pipeline will be progressively executed as
soon as the internal optimisation work is achieved.

- Further development of PV Estate assets is envisaged as the current
platform already encompasses 60ha of ground and buildings, and offers
stable cash flows aside from long-life value.

(*): assuming a normal year of irradiation. Given a 5% standard deviation
on irradiation level, EBITDA is anticipated in the range EUR 19-21mio.

Upcoming dates
18. November 2014 Publication of Interim Management Statement during the
2nd half year

Contact:
COLEXON Energy AG
Große Elbstr. 43
22767 Hamburg
Deutschland
FON: +49 (0)40. 28 00 31-100
FAX: +49 (0)40. 28 00 31-102
EMAIL: info@colexon.de
www.colexon.de

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29.09.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: COLEXON Energy AG
Große Elbstraße 43
22767 Hamburg
Germany
Phone: +49(0)40 280031 100
Fax: +49(0)40 280031 102
E-mail: info@colexon.de
Internet: www.colexon.de
ISIN: DE000A11QW68
WKN: A11QW6
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service
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289189 29.09.2014