Consolidated H1 2020 results

September 23, 2020

Disclaimer

This presentation contains forward-looking statements regarding the prospects and growth strategies of Neoen and its subsidiaries (the "Group"). These statements include statements relating to the Group's intentions, strategies, growth prospects, and trends in its results of operations, financial situation and liquidity. Although such statements are based on data, assumptions and estimates that the Company considers reasonable, they are subject to numerous risks and uncertainties and actual results could differ from those anticipated in such statements due to a variety of factors, including those discussed in the Group's filings with the French Autorité des Marchés Financiers (AMF) which are available on the website of Neoen (www.neoen.com). Prospective information contained in this presentation is given only as of the date hereof. Other than as required by law, the Group expressly disclaims any obligation to update its forward-looking statements in light of new information or future developments.

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  1. H1 2020 results
  2. Outlook
  3. Appendices

Strong increase in H1 2020 results

Revenue (M€)

+33% 157.2

118.1

H1 2019

H1 2020

  • Growth driven by all Neoen's business segments and regions

EBITDA (M€)

+58% 148.2(1)

94.0

80%

94%

EBITDA margin

EBITDA margin

H1 2019

H1 2020

  • H1 2020 EBITDA margin of 94%, up 14 bp y-o-y
    • Liquidated damages(2) partly covering the revenue losses related to the delayed commissioning of certain projects
    • One-offpositive impact in storage in Q1 2020

Net income Group share (M€)

+32%

22.0

16.7

H1 2019

H1 2020

  1. 150 M€ at constant exchange rates
  2. Indemnities recognized in other current operating income, partly offsetting losses of revenue, thereby

automatically improving the EBITDA margin

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Neoen SA published this content on 23 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2020 15:49:03 UTC