DGAP-News

Pacifico Renewables Yield AG combines strong growth and profitability in financial year 2021 – further revenue growth continues

DGAP-News: Pacifico Renewables Yield AG / Key word(s): Annual Report/Annual Results Pacifico Renewables Yield AG combines strong growth and profitability in financial year 2021 – further revenue growth continues 24.06.2022 / 22:04 The issuer is solely responsible for the content of this announcement. Pacifico Renewables Yield AG combines strong growth and profitability in financial year 2021 – further revenue growth continues

• Revenues increased by almost 35% to €21.9 million
• Electricity production increased by 51% to 124 GWh
• IFRS transition as strategic milestone successfully accomplished
• Positive net income of €0.6 million and EPS of €0.17 achieved
• Estimated year-to-date revenues are approximately €21.0 million
• Revenue guidance of €33.0 million to €43.0 million confirmed

Gruenwald, June 24, 2022 – Today, Pacifico Renewables Yield AG (ISIN: DE000A2YN371) (the “Company” or together with its subsidiaries the “Group”), an independent producer of electricity from renewable sources, reflects on another very successful financial year. Revenues increased by almost 35% to €21.9 million (2020: €14.9 million) and grew with a CAGR of 40% between 2019 and 2021. The Group’s portfolio had a total capacity of 166 MW as of December 31, 2021, representing a portfolio growth with a CAGR of 67% between 2019 and 2021.

Co-CEO Dr. Martin Siddiqui summarizes the financial year 2021: “With a portfolio growth of almost 100 MW across five acquisitions, we demonstrated our ability to grow fast and efficiently. Our portfolio is well diversified regionally and technologically, which was key for our green loan debut concluded at the beginning of this year. Our focus on growth paired with our rigorous financial discipline enabled us to reach profitability already at an early stage of our corporate development. In addition, we were able to deliver on our promises to continue increasing transparency for our shareholders and working towards an uplisting to the prime standard. The annual report 2021 was an important milestone in this context as it is the first financial report of our Company published according to IFRS.”