FDE

FY 2024 Half-Year Results - Seite 3

In addition, Cryo Pur's development in Norway is accelerating, with the contracting of key partnerships for new lands and feedstocks, and the selection of the digesters manufacturer, that will enable the new LBG and Bio-CO₂ production unit of 100 GWh/year capacity in Stavanger to contribute to cash flow generation from 2025 onwards. The site for the second LBG and Bio-CO₂ production plant, located in Bergen, has also been secured.

Lastly, FDE is finalizing the reorganization of its new subsidiary, Greenstat, to accelerate the Group's green hydrogen and solar energy developments and consolidate its position as a key player in Europe's energy transition.

This hydrogen portfolio fits in perfectly with FDE's strategy of developing the production of carbon-free hydrogen, and in particular natural hydrogen, in which FDE will continue to invest internationally, but more importantly in France on the 3 Evêchés permit where the tendering period has now ended, leading to the launch of the next development phase by end of 2024.

FDE confirms its FY 2026 objectives of annual revenues of more than €100 million, and an EBITDA above €50 million, combined with over 10 million tons of CO₂eq emissions avoided per annum

Next announcements:
Q3 2022 sales – April 24^th 2024

Reuters code: FDEL.PA

Bloomberg code : FDE.FP

About La Française de l’Énergie (« FDE »)
FDE is a negative carbon footprint energy Group, specialized in the implementation via short circuits, of energy recovery and production sites, allowing the reduction of greenhouse gas emissions. FDE notably supplies regional players with gas, electricity, heat and CO2, thus replacing imported energy with local, cleaner energy. FDE has strong development potential and aims to become a leading independent player in the energy sector in Europe.by Bpifrance.
More information available on http://www.francaisedelenergie.fr

Disclaimer
This press release contains certain forward - looking statements and estimates concerning LFDE’s financial condition, operating results, strategy, projects and future performance and the markets in which it operates. Such forward-looking statements and estimates may be identified by words such as “anticipate,” “believe,” “can,” “could,” “estimate,” “expect,” “intend,” “is designed to,” “may,” “might,” “plan,” “potential,” “predict,” “objective,” “should,” or the negative of these and similar expressions. They incorporate all topics that are not historical facts. Forward looking statements, forecasts and estimates are based on management’s current assumptions and assessment of risks, uncertainties and other factors, known and unknown, which were deemed to be reasonable at the time they were made but which may turn out to be incorrect. Events and outcomes are difficult to predict and depend on factors beyond the company’s control. Consequently, the actual results, financial condition, performances and/or achievements of LFDE or of the industry may turn out to differ materially from the future results, performances or achievements expressed or implied by these statements, forecasts and estimates. Owing to these uncertainties, no representation is made as to the correctness or fairness of these forward-looking statements, forecasts and estimates. Furthermore, forward-looking statements, forecasts and estimates speak only as of the date on which they are made, and LFDE undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise, except as required by law.