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    UKW   GB00B8SC6K54

GREENCOAT UK WIND PLC

(UKW)
  Report
Delayed Quote. Delayed London Stock Exchange - 10/20 11:18:10 am
140.195 GBX   +0.14%
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Greencoat UK Wind : NAV report - June 2021

07/29/2021 | 02:18am EDT

June 2021 Factsheet

Greencoat UK Wind PLC (the "Company") is the leading listed renewable infrastructure fund, invested in UK wind farms.

Key Statistics

as at 30 Jun 2021 (unaudited)

Listing

Index Inclusion

LSE Main Market since Mar 2013

FTSE 250

Investment Manager

Number of shares in issue

Greencoat Capital LLP

1,975,598,608

Gross Asset Value ("GAV")

Aggregate Group Debt

£3,414.1m

£940.0m

Net Asset Value ("NAV")

NAV per share

£2,474.1m

125.2p

Market capitalisation

Share price

£2,501.1m

126.6p

Target dividend

Dividend payment dates

7.18p with respect to 2021

May, Aug, Nov, Feb

Operational

and Financial

Highlights

Investment Objective

Investment Policy

  • H1 generation 20% below budget reflecting low wind
  • H1 average N2EX Day Ahead power price £68.45/MWh
  • H1 dividend cover 1.5x (full year forecast 1.7x)
  • Material increase in forward power prices (2021-2024), no long term change
  • Dividend of 1.795p per share with respect to Q1 2021 paid on 28 May 2021
  • 3p increase in NAV per share (Q1 to Q2) reflecting increase in forward power prices
  • Total gearing 28% of GAV, cash balances £95m, £160m available to draw under RCF

The Company's aim is to provide investors with an annual dividend that increases in line with RPI inflation (7.18p with respect to 2021) while preserving the capital value of its investment portfolio in the long term on a real basis through reinvestment of excess cashflow and the prudent use of gearing.

  • The substantial majority of the portfolio will be operating UK wind farms
  • The portfolio will be invested in both onshore and offshore wind farms, with the amount invested in offshore wind farms being capped at 40% of GAV at acquisition
  • The Company will generally avoid using non-recourse debt at wind farm level; total acquisition debt and term debt will not exceed 40% of GAV at drawdown

Greencoat UK Wind PLC (LON: UKW)

27-28 Eastcastle Street

London W1W 8DH

http://www.greencoat-ukwind.com

Registered in England and Wales with company number 08318092

1

Registered as an investment company under section 833 of the Companies Act 2006

Portfolio

June 2021 Factsheet

The portfolio comprises interests in 38 operating wind farms (1,209MW) plus 1 wind farm under construction (45MW). Key characteristics of the portfolio:

  • Diversified geographical mix across England, Wales, Scotland and Northern Ireland
  • Ownership stakes from 24.95% to 100%
  • Weighted average net load factor 35.0%
  • Weighted average age 7 years

In addition, the Company has committed £533m to acquire 5 further wind farms totaling 398MW over the period 2021-2023, as each enters into operation.

Operating Portfolio (by value)

Investment Manager

Contact

Details

Greencoat Capital LLP is the Investment Manager for the Company and is authorised and regulated by the FCA. Greencoat Capital LLP has a highly experienced investment management team led by Stephen Lilley and Laurence Fumagalli.

Investment Managers

Public Relations

Stephen Lilley - 0207 832 9425

Tom Rayner - 0207 832 9400

stephen.lilley@greencoat-capital.com

tom.rayner@greencoat-capital.com

Laurence Fumagalli - 0207 832 9422

laurence.fumagalli@greencoat-capital.com

Greencoat UK Wind PLC currently conducts its affairs so that its Ordinary Shares (the "Shares") can be recommended to retail private investors in accordance with the Financial Conduct Authority ("FCA") rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The Company is a UK plc and has been approved as an investment trust and, accordingly, the Shares are excluded securities for the purposes of the FCA's restrictions (which apply to non-mainstream investment products) as they are shares in an investment trust.

Greencoat UK Wind PLC (LON: UKW)

27-28 Eastcastle Street

London W1W 8DH

http://www.greencoat-ukwind.com

Registered in England and Wales with company number 08318092

2

Registered as an investment company under section 833 of the Companies Act 2006

Disclaimer

Greencoat UK Wind plc published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 06:16:14 UTC.


© Publicnow 2021
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Financials
Sales 2021 361 M 497 M 497 M
Net income 2021 276 M 380 M 380 M
Net Debt 2021 911 M 1 255 M 1 255 M
P/E ratio 2021 9,66x
Yield 2021 5,13%
Capitalization 2 766 M 3 818 M 3 810 M
EV / Sales 2021 10,2x
EV / Sales 2022 9,48x
Nbr of Employees -
Free-Float 99,2%
Chart GREENCOAT UK WIND PLC
Duration : Period :
Greencoat UK Wind PLC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GREENCOAT UK WIND PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 140,00 GBX
Average target price 150,00 GBX
Spread / Average Target 7,14%
EPS Revisions
Managers and Directors
Shonaid Christina Ross Jemmett-Pag Chairman
Laurence Jon Fumagalli Investment Manager
William Francis Sebastian Rickett Independent Non-Executive Director
Martin Patrick McAdam Independent Non-Executive Director
Lucinda Jane Riches Non-Executive Director
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