Mathieu Lefebvre
Co-founder
& Group CEO
FY2024
REVENUES
February 10th 2025
Jean-Michel Thibaud
Deputy GM & CFO
Highlights
Waga Energy's 2024 achievements led by US acceleration
Very strong revenue growth @ +67% yoy
- +81% RNG revenues with 10 new Wagabox® in operation (France, Canada and the US)
Accelerating sales momentum led by the US
- Acceleration in the US over the last 2 months with 4 new projects won, and resuming of the European markets with 5 new projects
- Sales pipeline >15 TWh (5 .1 bn MMBtu) p.a. as of Dec 2024 (+27% yoy)
- 11 new projects won (US, France, 1st in Italy, 2nd in Spain, Canada) since the beginning of 2024
Industry-leading execution capabilities
- 576 GWh (2m MMBtu) RNG injected (+72% yoy)
- 30 RNG production units in operation (France, Spain, Canada and a 1st one in the US)
- 19 WAGABOX® under construction (1.8 TWh/6.1 m MMBtu p.a.) o/w 12 in the US
- 3.2 TWh p.a. (11 m MMBtu p.a.) installed capacity for the 49 projects won worldwide
- High-performanceoperations: 94.3% availability achieved
Massive impact
on GHG emissions
reduction
142,000 tons
of eqCO2 emissions
avoided in 2024
by substituting fossil-
based natural gas
2
industry-leading execution capabilities
10 RNG production units commissioned in 2024
January 2024
Sainte-Marie-Kerque
35 GWh/y (120,000 MMBtu)
March 2024
Steuben (New York)
60 GWh/y (205,000 MMBtu)
April 2024
Éteignières
25 GWh/y (85,300 MMBtu)
April 2024
Chatuzange-le-Goubet
25 GWh/y (85,300 MMBtu)
April 2024
Rockford (Illinois)
330 GWh/y (1,126, 000 MMBtu)
June 2024
Septêmes-les-Vallons
25 GWh/y (85,300 MMBtu)
July 2024
Fresnoy-Folny
35 GWh/y (120,000 MMBtu)
July 2024
Cowansville
30 GWh/y (102,000 MMBtu)
September 2024
Granges
25 GWh/y (85,300 MMBtu)
December 2024
Clermont-Ferrand
15 GWh/y (51, 00 MMBtu)
3
Steady growth in RNG Production
576 GWh (2 m MMBtu) RNG injected (+72% yoy)
322 GWh | |||||||||||||||||||||||||||||||
1,100,000 MMBtu | |||||||||||||||||||||||||||||||
254 GWh | |||||||||||||||||||||||||||||||
866,650 MMBtu | |||||||||||||||||||||||||||||||
194 GWh | |||||||||||||||||||||||||||||||
661,955 MMBtu | |||||||||||||||||||||||||||||||
142 GWh | |||||||||||||||||||||||||||||||
120 GWh | €30m | ||||||||||||||||||||||||||||||
96 GWh | 484,525 MMBtu | ||||||||||||||||||||||||||||||
75 GWh | 409,455 MMBtu | €26m | |||||||||||||||||||||||||||||
70 GWh | 327,565 MMBtu | ||||||||||||||||||||||||||||||
€20m | |||||||||||||||||||||||||||||||
238,850 MMBtu | 255,910 MMBtu | ||||||||||||||||||||||||||||||
€14m | Turnover | ||||||||||||||||||||||||||||||
€12m | |||||||||||||||||||||||||||||||
€7m | Production | ||||||||||||||||||||||||||||||
€7m | |||||||||||||||||||||||||||||||
€5m | |||||||||||||||||||||||||||||||
H1 2021 | H2 2021 | H1 2022 | H2 2022 | H1 2023 | H2 2023 | H1 2024 | H2 2024 |
4
+67% growth driven by RNG production revenues up +81%, and increasing international contribution
47% | ||
international | Revenues FY 2023 vs FY 2024 (1) | (€m) |
37% | 55,7 | |||||||||
€55.7M | 53% | 3,0 | 0,2 | |||||||
1,3 | 0,6 | +1% | ||||||||
2,8 | +9% | |||||||||
+4% | +2% | |||||||||
o/w 25% | 10% | +9% | ||||||||
14,2 | ||||||||||
International RNG | 33,3 | 43,4 | ||||||||
FY 2024 | +43% | |||||||||
+67% | ||||||||||
24,2 | ||||||||||
32% | ||||||||||
€33.3M | 63% | 9,1 | 12,3 | |||||||
5% | ||||||||||
Revenues | New Wagabox® | Volume effect | Price effect | Other effect | Sale of Equipment | FX | Revenues | |||
FY 2023 | FY 2023 | commissioned | FY 2024 | |||||||
France | Rest of Europe | North America | RNG and O&M | Equipment sale and other | ||||
(1) Unaudited figures 5
Global expansion underway
Sales pipeline @ 15 TWh p.a. (51m MMBtu), up +27% yoy
PIPELINE
16% 10%
10%
19%
15 TWh p.a.
31% | (51m MMBtu) | 59% |
55%
#179
projects
Phase 1: feasibility studies ongoing
Phase 2: offer submitted
Phase 3: contractual negotiation
SIGNED PROJECTS
UNDER CONSTRUCTION | IN OPERATION |
5%
6%
1.8 TWh p.a. | 49% | 1.4 TWh p.a. | 46% |
(6.1m MMBtu) | (4.8m MMBtu) | ||
89%
5% | |
#19 | #30 |
projects | projects |
France | Rest of Europe | North America | Rest of World | |||
6
2025 perspective
Gearing up to be the LFG to RNG leader
Execution quality
- Build
- 19 WAGABOX® under construction (>1.8 TWh/6.1m MMBtu p.a.)
- Specific focus on large Wagabox® to be delivered in the US in H2
- Run
- 30 units operated worldwide (1.4 TWh/5.4m MMBtu p.a.)
- New efficiency territories with data/IA thanks to 30 Wagabox® datalake
Increasing commercial acceleration
- Leveraging on US strong momentum to sign more gas rights and offtake contracts
- 15 TWh p.a. (51m MMBtu) sales pipeline
- Re-ignitingEuropean markets, opening in Brazil
- Continue financing Waga Energy's hyper growth in an efficient manner
Focus on EBITDA breakeven in the course of 2025
Continue avoiding massive eqCO2 emissions
7
Thank you
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Disclaimer
Waga Energy SA published this content on February 11, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on February 11, 2025 at 14:34:04.713.
