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ACTAQUA AG resolves to issue a green bond of up to EUR 15 million to finance further growth - Seite 2

 

Mannheim, May 12, 2022 – ACTAQUA AG, a company that specializes in the digital transformation of the real estate industry, intends to issue a green corporate bond in the amount of up to EUR 15 million (ISIN DE000A3MQVL6). The securities prospectus required for the offering was approved today by the Luxembourg Financial Supervisory Authority Commission de Surveillance du Secteur Financier (“CSSF”) and submitted to the German Federal Financial Supervisory Authority (“BaFin”) by way of notification. The prospectus will be published on the Investor Relations website of ACTAQUA AG (www.actaqua.de). The issue is being accompanied by Quirin Privatbank AG as Sole Bookrunner and Lewisfield Deutschland GmbH as Financial Advisor.

With its digitalization platform PAUL, ACTAQUA has a smart building platform for networked and digitally controlled building technology. PAUL currently specializes in increasing the energy efficiency of water-bearing systems and thus reducing CO₂ emissions in existing properties and ensuring the quality of drinking water. For the 2022/2027 bond planned by ACTAQUA AG, the second party opinion of imug rating^[2] confirms the sustainable approach of the technology as well as the business model of ACTAQUA.

Since its founding, ACTAQUA has been in the black with its business model and has experienced a growing and profitable business development since then. Most recently, based on audited figures, total operating performance in 2021 increased by 152% to EUR 12.3 million compared to the previous year (2020: EUR 4.8 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) in 2021 were EUR 6.9 million (2020: EUR 2.1 million), which equates to an EBITDA margin of 55.7% (2020: 43.2%). The full 2021 Annual Report is available on the company’s website.

Over 150,000 residential units of more than 80 well-known customers are already equipped with the PAUL platform solution. Customers include some of Germany’s largest real estate groups and housing companies, as well as management companies that manage real estate for large investment companies. By negotiating 10-year service and maintenance contracts with its customers as standard, ACTAQUA enables long-term customer loyalty and generates a long-term predictable cash flow with recurring income over the contract period and project costs. The total project costs are incurred within the first three months and no further project-related expenses are subsequently incurred by ACTAQUA over the remainder of the contract period.