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7C Solarparken AG

Investor Presentation • Mar 26, 2010

6_ip_2010-03-26_b130d514-f06b-493d-a729-b0ae100c23ad.pdf

Investor Presentation

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Presentation of the Annual Results 2009

COLEXON Energy AG

Hamburg, March 2010 | © COLEXON Energy AG

CONTENTS

1Company

2Financials

3Outlook

4Q & A Session

CompanyFACT SHEET

Key Facts

  • •One of the leading key players in solar solutions
  • •Activeinprojects, wholesaleand plant operation
  • •Focused on state-of-the-art technologies
  • •Experience from development of > 1,700 projects
  • •Operations in key international growth markets

Business Development

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Shareholder Structure

EBIT Development

* Results for 2009 based on pro forma numbers: 'new' COLEXON after acquisition (includes Renewagy)

COLEXON grows against market trend due to strong position in downstream value chain.

CompanyMANAGEMENT TEAM

Management with foresight and prudence

Thorsten Preugschas, CEO (born in 1965)

  • •CEO of COLEXON Energy AG since November 2006
  • •Responsibilities: wholesale, projects, holding
  • •Background: Founder and director of Maaß GmbH (origin of COLEXON)

Henrik Christiansen, CFO (born in 1965)

  • •CFO of COLEXON Energy AG since October 2008
  • •Responsibilities: finance, controlling, human resources and risk management
  • •Background: Senior Finance Manager of COLEXON Energy AG

Volker Hars, COO (born in 1964)

  • •COO of COLEXON Energy AG since February 2010
  • •Responsibilities: strategic corporate development, plant operation
  • •Background: Management Board member of Interseroh AG

Our management board combines experience with expertise.

CompanySTRATEGIC POSITIONING

COLEXON covers the most profitable segments in the solar industry Production of solar panels and componentsWholesale Engineering & Construction Service & Maintenance Independent Power ProductionFirst fully integrated player indownstream segment

  • •Integration along downstream value chain keeps entire margin in-house.
  • •Combination of business segments provides strong strategic synergies.

Strong strategic positioning allows continuous dynamic and sustainable growth.

CompanyBUSINESS SEGMENTS

Flexible business model as a basis for stable and dynamic growth

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COLEXON follows a flexible business approach for efficient market penetration.

CompanyPROJECTS

Extract of project references in Germany

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COLEXON has the experience of more than 1,700 realized solar projects worldwide.

CompanyPLANT OPERATION

COLEXON's portfolio as an independent supplier of solar power (IPP)

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State-guaranteed income of 45.4 MWp solar power plants provides secured cash flows.

CompanyGROUP STRUCTURE

Strategic focus on Europe and key growth markets

  • •COLEXON has offices in Germany, Spain, France, Czech Republic, USA, and Australia.
  • •Market entry risks reduced by involvement of foreign partners.

COLEXON's international expansion focuses on European and key international growth markets.

FinancialsKEY TAKE AWAYS

Business year 2009: most successful performance in company history

  • •Development: COLEXON continues its growth against the market trend
  • •Result 2009: EBIT of 18.5 m.EUR and turnover of 188.1 m.EUR (pro forma)
  • •Guidance: Guidance outperformed (EBIT 16-18 m.EUR; turnover 160-180 m.EUR)

Successful performance charcterized by 'reverse acquisition'

  • •IFRS: Takeover has to be shown as 'reverse acquisition' in annual report
  • •Effect: IFRS excludes performance of 'old' COLEXON from Jan 01 – Aug 13, 2009
  • •Pro forma: Pro forma numbers include both companies for whole reporting period

Pro forma accounts are the only possibility to compare and to interpret the results.

FinancialsPEER GROUP COMPARISON

COLEXON outperformed its peer group in EBIT development

* Pro forma numbers: 'new' COLEXON after acquisition (includes Renewagy)

** Preliminary results

COLEXON greatly increased her competitiveness with the takeover of Renewagy.

FinancialsPROFIT & LOSS

Stable and dynamic development of EBIT and turnover

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  • •Focus on international markets and flexible business model mitigate risks
  • •Positive EBIT development due to strong performance of power plants and wholesale business
  • •Increase in revenue due to strong performance of wholesale business

Pro forma accounts are the only possibility to compare and to interpret the results.

FinancialsPROFIT & LOSS BY SEGMENTS

Strong power plant and trading business key to success in 2009

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  • Strong wholesale and power plants business are key success factors for growth in 2010
  • •Financial crisis harmed performance of the project business which follows overall market trend
  • •Strengthening of project business in 2010 with focus on key international growth markets

Pro forma accounts are the only possibility to compare and to interpret the results.

FinancialsFINANCIAL STATEMENT

Acquisition of Renewagy characterizes balance sheet

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FinancialsCASH FLOW

Strong development in cash flow due to plant operation business.

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  • •Positive cash flow development due to strong performance of power plants operation business
  • •State guaranteed feed-in-tariff provides the company with constant cash flows

Pro-Forma accounts are the only possibility to compare and to interpret the results.

CONTENTS

1 C
o
m
p
a
n
y
2 F
i
i
l
n
a
n
c
a
s
3 O
l
k
t
o
o
u
4 Q
S
&
A
i
e
s
s
o
n

OutlookMarket Development

EPIA Study

20
06		 20
07		 20
08		 20
09
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  • EPIA demand study data from March 2009.
  • • Mainly consistent with Goldman Sachs demand study January 2010, Silvia Quandt Research, February 2010.
  • Strong market growth (~ 3x) until 2013.
  • • German market represented 50 % of World market in 2007.
  • German share will drop to 20 % in 2012.
  • •Significant shifts to future growth markets.

"Global Demand until 2013"

COLEXON is positioned in the key growth markets to participate in overall market growth.

OutlookCORPORATE DEVELOPMENT

Participate in overall market growth

  • Diversified market positioning enables COLEXON to follow a market oriented growth strategy
  • Flexible business model allows COLEXON to react quickly to market changes

International diversification of growth strategy

  • COLEXON is positioned in the key international growth markets
  • International business will be enhanced in current business year

Stable development of financials

  • No 2010 guidance due to changes in the German FIT system and dynamic market development possible
  • Turnover expected to increase due to enhancement of international project business and trading volume

COLEXON will participate in the overall market growth and will continue its stable company growth.

CONTENTS

3
O
l
k
t
o
o
u

Hamburg, March 2010

COLEXON Energy AGGrosse Elbstrasse 45 • 22767 Hamburg • GermanyFON: +49 40. 28 00 31-0FAX: +49 40. 28 00 [email protected]

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