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OFFON

PACIFICO RENEWABLES YIELD AG

(PRY)
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PRESS RELEASE : Pacifico Renewables Yield AG: Revenue increase of almost 50% in financial year 2020 - Further growth expected for 2021

05/04/2021 | 01:02am EDT
DGAP-News: Pacifico Renewables Yield AG / Key word(s): Preliminary Results/Forecast 
Pacifico Renewables Yield AG: Revenue increase of almost 50% in financial year 2020 - Further growth expected for 2021 
2021-05-04 / 07:00 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Pacifico Renewables Yield AG: Revenue increase of almost 50% in financial year 2020 - Further growth expected for 2021 
  . Increased targets achieved - Revenues grow by 46% to EUR 16.2 Mio., electricity production by 43% to 82 GWh 
  . Adjusted operating EBITDA margin of 78% underlines operative profitability of portfolio 
  . Guidance 2021: Continuation of growth trend anticipated 
Gruenwald, May 4, 2021 - Pacifico Renewables Yield AG (ISIN: DE000A2YN371) (the "Company", "Pacifico"), an independent 
energy producer from renewable sources listed in the primary market segment of the open market of the Dusseldorf Stock 
Exchange, grew significantly in the financial year 2020. According to preliminary calculations, revenues increased by 
around 46% year-on-year to EUR 16.2 million^[1] (2019: EUR 11.1 million). Electricity production increased by around 
43% to 82 GWh (2019: 57 GWh). Both revenues and power production were therefore within the range of the raised guidance 
from September 2020. Earnings before interest, taxes, depreciation, and amortization (EBITDA) at group level, adjusted 
for non-recurring items, amounted to EUR 10.9 million. Operating EBITDA, additionally adjusted for holding costs, 
amounted to EUR 12.6 million, an increase of 43% compared to the previous year (2019: EUR 8.8 million). The adjusted 
operating EBITDA margin was 78%, reflecting the operational strength of the portfolio. For financial year 2021, 
Pacifico expects a further increase in revenues and power production. 
Expanding the overall portfolio and accelerating the energy transition. 
The significant revenue growth in financial year 2020 is mainly due to the acquisition of a 21.2 MW photovoltaic 
portfolio in Germany, which expanded the Company's portfolio by 35% to 81 MW compared to the end of the previous year 
(end of 2019: 60 MW). The amount of electricity produced by Pacifico's wind and photovoltaic plants saved approximately 
65,000 tons of CO[2] emissions last year. This represents an increase of 44% (2019: approximately 45,000 tons). 
Dr. Martin Siddiqui, Co-CEO: "We are very satisfied with the Company's strong operating performance underpinned by 
revenue growth of around 46% in our first full financial year and an adjusted operating EBITDA margin of 78%. We see 
this strong performance as a confirmation of our strategy and the high quality of our acquisitions. As part of this 
strategy, we successfully implemented two capital increases and upsized the existing revolving credit facility in 2020, 
laying the ground for further revenue growth this year. As these measures will only impact revenues in the current 
financial year, our operating EBITDA was adjusted for the associated transaction costs." 
Outlook for financial year 2021 
In light of the initial four months of this year with comparably unfavorable meteorological conditions, Pacifico 
expects revenues between EUR 17.3 million and EUR 19.3 million and electricity production between 103 GWh and 115 GWh 
for the financial year 2021. This corresponds to a growth in revenues of at least 6% and a production increase of at 
least 26% compared to the previous year and is expected to help save more than 82,000 tons of CO[2]. The forecast 
refers to the current portfolio of 96.6 MW, which thus includes the recently acquired 15.6 MW wind farm in 
Rhineland-Palatinate, which was transferred to the Company with economic effect as of January 1, 2021. 
Christoph Strasser, Co-CEO: "We intend to continue our dynamic growth beyond 2021. Thanks to the partnership with the 
British project developer Boom Power (Boom Power Ltd and Boom Developments Ltd) announced in March 2021, we were able 
to secure priority access to a development pipeline of more than 1 GW of photovoltaic and battery storage assets in the 
UK, thereby nearly tripling our existing pipeline to now more than 1.6 GW." 
About Pacifico Renewables Yield AG 
Pacifico Renewables Yield AG is an independent energy producer listed on the open market of the Dusseldorf Stock 
Exchange with additional requirements (Primärmarkt) (ISIN: DE000A2YN371) with the aim of building up a gradually 
growing portfolio of plants for energy generation from renewable sources. With operational wind and photovoltaic power 
plants spread across Europe, the Company offers a clear and diversified profile with stable and predictable earnings. 
 
Disclaimer 
This press release may contain certain forward-looking statements, estimates, opinions, and forecasts concerning the 
future business situation, earnings situation, and results of Pacifico Renewables Yield AG ("forward-looking 
statements"). Forward-looking statements can be identified by words such as "believe", "estimate", "anticipate", 
"expect", "intend", "will", or "should" and their negation and similar variations or comparable terminology. 
Forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on 
the current opinions, forecasts and assumptions of the Management Board of Pacifico Renewables Yield AG and involve 
significant known and unknown risks and uncertainties, therefore actual results, performance and events may differ 
materially from those expressed or implied by forward-looking statements. Forward-looking statements contained herein 
should not be construed as guarantees of future performance or results and are not necessarily reliable indicators of 
whether or not such results will be achieved. The forward-looking statements contained in this release are only valid 
on the date of this publication. We will not update the information, forward-looking statements or conclusions 
contained in this release in light of subsequent events or circumstances, nor will we reflect subsequent events or 
circumstances or correct inaccuracies that arise after the date of this release as a result of new information, future 
developments or otherwise, and we do not assume any obligation to do so. We do not assume any responsibility whatsoever 
that the forward- looking statements or assumptions contained herein will occur. 
^[1] In addition, there is other operating income of further EUR 0.3 million attributable to the operation of the 
facilities. 
=---------------------------------------------------------------------------------------------------------------------- 
2021-05-04 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Pacifico Renewables Yield AG 
              Bavariafilmplatz 7, Gebäude 49 
              82031 Grünwald 
              Germany 
E-mail:       ir@pacifico-renewables.com 
Internet:     www.pacifico-renewables.com 
ISIN:         DE000A2YN371 
WKN:          A2YN37 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Tradegate Exchange 
EQS News ID:  1191986 
 
End of News   DGAP News Service 
=------------ 

1191986 2021-05-04

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1191986&application_name=news 
 

(END) Dow Jones Newswires

May 04, 2021 01:01 ET (05:01 GMT)

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ChangeLast1st jan.
DJ INDUSTRIAL 1.06% 34382.13 Delayed Quote.11.16%
PACIFICO RENEWABLES YIELD AG 0.83% 36.6 Delayed Quote.-10.29%
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Financials
Sales 2020 16,2 M 19,7 M 19,7 M
Net income 2020 0,83 M 1,00 M 1,00 M
Net cash 2020 0,15 M 0,18 M 0,18 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 121 M 147 M 147 M
EV / Sales 2020 7,47x
EV / Sales 2021 12,1x
Nbr of Employees 4
Free-Float 100%
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Managers and Directors
NameTitle
Martin Siddiqui Co-Chief Executive Officer
Christoph Strasser Co-Chief Executive Officer
David Neuhoff Chairman-Supervisory Board
Bettina Mittermeier Vice Chairman-Supervisory Board
Verena Mohaupt Member-Supervisory Board
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