Alternus Energy SPAC Presentation Deck
5
ALTERNUS APPROACH OF MATCHING DEBT AMORTIZATION MORE IN LINE
WITH FULL PROJECT LIFE CREATES A SELF-FUNDED GROWTH ENGINE
Reinvested cash available from operating projects
period is leveraged with senior debt....
Initial non-
amortizing period
from operating
projects
increases cash
available for
reinvestment into
new projects
c. $27m
Cash
available
for
reinvestment
(Illustrative example)
Added to inhouse
EPC margins
counted as
project finance
for senior
c. $28m
Reinvestment
of
EPC
margin
c. $300m
Available
matching
debt
c. $355m
Capital
available for
new
investments
... used to increase installed
capacity with no additional equity...
Additional projects
developed / installed /
acquired with this funding
Adds additional
+ C.450MW¹
of operating assets that in
turn generate additional
earnings when operational
Note: (1) Assumes (a) Debt funds 100% of costs (remaining under <75% leverage) under current facilities and terms available to the Company (b) Production of the parks in line with technical reports from expert third parties (c)
Using the most recent future energy price curves for Poland provided by third party expert firm (d) expected operating costs based on current operating parks and known project direct costs. Any of these terms of assumptions
may change in the future and cause the actual results to vary from the illustration provided. Refer to Forward Looking Statements.
Alternus Overview
●
...resulting in additional
EBITDA to the group
Creates
cumulative additional
EBITDA over
c. 35 year
Project life
20
Case Study:
Alternus has already demonstrated this strategy with
recent acquisition of 24MW in Poland
• c.$53m cash to Alternus expected over project
lifetime
• No new equity issuedView entire presentation