Main results For the year 2021:
Company revenue Amounted to NIS 267 million in the reporting period, compared with total revenues of NIS 263 million in the corresponding period last year, despite a sharp increase in electricity prices in Europe and especially in Poland. Decline in income in Poland, due to weaker wind conditions than in the corresponding year and erosion of the zloty against the shekel.
God-EBITDA In 2021 Amounted to approximately NIS 187 million, compared with approximately NIS 196 million in the corresponding period last year. Most of the decrease is due to an increase in wage and staff expenses, mainly as a result of an increase in the number of employees and the volume of activity in the United States.
Financing expenses, net Net financing expenses in the reporting period amounted to approximately NIS 48 million, compared with a total of approximately NIS 24 million in the corresponding period last year. Most of the increase is due to the effect of an increase in the index in Israel at a rate of 2.4% on the company’s project loans in Israel, compared to a decrease in the index of 0.6% in a corresponding period, and an increase of NIS 7 million due to the expansion of bond series. Of the company during the year.
Revenue Common taxes and taxes – The income from the joint tax in the reporting period amounted to NIS 31 million, compared with NIS 11 million in the corresponding period last year. The increase is due to the commercial operation of new projects during the period.
Net profit attributable to owner During the reporting period, the Company recognized a net profit attributable to the owner in the amount of NIS 79 million, in relation to the net profit attributed to the owner in the amount of NIS 77 million in the corresponding period last year.
The equity attributed to the company’s shareholders as of 31.12.2021 Amounted to NIS 1,511 million compared to equity amounting to NIS 1,580 million on December 31, 2020. Most of the change is attributed to a decrease in equity due to the effect of the erosion of the zloty (net of foreign exchange hedging transactions) and changes in the fair value of transactions Electricity hedging in the U.S., which was directly charged to equity. The decline was partially offset by the net profit for the period.
Issuance of bonds: In November 2021, the Company issued Series A debentures and Series B convertible debentures by way of a series expansion in the total amount of NIS 309 thousand.
Raising capital from the public: After the date of the report, the company completed capital raising by publishing a shelf offer report with a cumulative amount of approximately NIS 336 million gross.
Dividend policy for 2022: In accordance with the company’s dividend policy, the company announced that it intends to distribute in 2022 a dividend of an estimated 20 ag per share in quarterly installments (5 ag per quarter), depending on an individual decision of the company’s board considering the company’s needs. Accordingly, the Company announced the distribution of a dividend for the first quarter in the amount of 5 cents to be paid in April 2022.
Asa (Asi) Levinger, CEO of Energix Messer: “2021 was significant for Energix and was characterized by massive construction activity in all three territories in which the company operates. This year we increased by more than 2 times the company’s backlog to 8GW. We are proud of the significant progress in US operations and expect significant expansion in backlog In initiating, with an emphasis on the NCRE deal, deepening strategic cooperation with Solar First, the positive market conditions combined with supportive regulation will ensure the continued accelerated growth in this territory. Also, against the background of requests for investment and collaborations that the company received from leading financial investors and private equity funds in Israel and the US – we contacted a leading international consulting company for a strategic examination of the optimal structure that will maximize the value of the company’s operations and support the financing needs. , Including examining the possibility of joining a strategic partner.
In Poland, we anticipate that the sharp rise in electricity prices plus revenues from the introduction in the schedules for connecting the 3 wind farms with a capacity of 182MW are expected to lead to a significant increase in revenues starting in 2022.
In Israel, we have completed significant milestones for the promotion of the AR project, including obtaining a building permit and we are preparing for a financial closure and the start of construction.
Simultaneously with the publication of the results, we announced an upward update of the strategic plan for the next five years. In accordance with the plan’s objectives, the total capacity of the company’s systems in commercial operation (including projects at the end of construction) for 2025 is expected to increase by approximately 34% relative to the target in the original plan and stand at about GW4.3. We intend to continue to promote the infrastructure and development of the backlog of projects that will lead us to the realization of the accelerated growth goals in the coming years and to the implementation of the strategic plan. “