Investor Presentation • Jun 19, 2020
Investor Presentation
Open in ViewerOpens in native device viewer
Corporate Strategy 2020
ENSURING
resilience and flexibility of the energy system
ENABLING
energy transition and evolution
No coal. No nuclear. Becoming CO2 neutral. ESG principles driven
and developing innovative solutions to make life easier and more energy smart
GROWING
commitments
RENEWABLES
to meet regional energy
transition towards a decarbonized world
business models by developing and scaling smart solutions
and exploring new opportunities in the markets undergoing energy transition
Environmental, social and governance criteria are an integral part of our business goals
Our primary focus is on five SDGs where Ignitis' impact is most significant. We also contribute to the achievement of almost all SDGs.
We focus on home markets - the Baltic countries, Poland and Finland
We also explore new opportunities in countries on the energy transition path
Resilient and efficient energy distribution enabling the energy transition
Focused, sustainable and profitable growth
Reliable and flexible power system
Innovative solutions for easier life and energy evolution
7
Resilient and efficient energy distribution enabling the energy transition
We continuously invest country -wide to modernize our strategic assets used for electricity and natural gas distribution to ensure network resilience and efficiency for our business and residential customers
develop a smart grid which would be one of the most advanced in the region
We enable energy innovations, renewable energy transition and facilitate the local energy market and its efficiency through data -driven network solutions We digitise our distribution network and strive to
Focused, sustainable and profitable growth
We target to reach 4 GW of installed green generation capacity by 2030 while ensuring that the build-out creates value for our shareholders
Our operational 0.9 GW hydro-pumped storage plant with additional capacity expansion possibilities is fundamental for enabling future renewable energy growth in the region
Focused, sustainable and profitable growth
We aim to partner with strategic investors to adopt new technologies and with financial investors to maximize our returns by utilizing asset rotation
We are pursuing onshore and offshore wind, waste-to-energy, biomass and solar technologies across the project lifecycle
Prudent investment framework with conservative hurdle rates
Reliable and flexible power system
We invest to ensure flexibility and high reliability of the Lithuanian energy system by providing reserve and ancillary services
We are phasing out/decommissioning old conventional energy generation capacities
We aim to contribute to the synchronization with the continental European network by providing new balancing services
We develop additional flexible generation capacities provided they are required to balance renewable energy growth and secure required level of adequacy in the Lithuanian energy system
Innovative solutions for easier life and energy evolution
We scale our core energy supply and trading business complementing it with innovative, value-added energy solutions
We innovate together with our partners to help our customers become more energy smart and contribute to their environmental goals
We enable industrial scale renewable energy expansion by helping to secure long-term offtake contracts and capitalizing on our competences in balancing services
Development of wind energy, including offshore in the Baltic sea
Investing in smart technologies and digitisation of Lithuanian energy sector
Ensuring sufficient balancing capacities, including potential extension of Kruonis Hydro -Pumped Storage Plant
Synchronisation with the energy system of the continental Europe
70% by 2030 100% by 2050
80% by 2050
Renewables share in total energy consumption
45% by 2030 80% by 2050
Renewables share in total electricity consumption 45% by 2030 100% by 2050
Renewables share in centralized heat supply sector
90% by 2030 100% by 2050
Care. Do. For Earth. Starting with myself
Diverse. Strong. Together
OPENNESS GROWTH
See. Understand. Share. Open to the world
Curious. Bold. Everyday
We are driven by the purpose of creating an energy smart future, making it
We focus on the experience and personal growth of our people
Diversity in skills and competences gives us unique perspective to ensure the security of the national energy system and at the same time to be dedicated to our customers and passionate about innovation
We empower our teams for speed, flexibility and innovation
We foster different models of collaboration to create an energy smart world
We transform and use different approaches for developing core and new energy competencies
Our training system enables a constantly growing organization and personal development
Transparent and effective
We apply the globally-recognized corporate governance practices
We adopt the most effective group operating models to create competitive advantages and achieve synergies within our business segments
We incorporate digitisation in all areas of our activity as a key booster for efficiency improvements, motivation and value creation
Operational excellence is a part of our everyday activities
Financial guidelines
We target high single-digit – low doubledigit levered equity returns depending on the risk profile of the projects
Solid investment-grade rating: BBB and above
Net Debt to EBITDA < 5x
We aim to deliver dividends to our shareholders in line with our growth
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.