M&A Advisory Debt Advisory Strategic Advisory · Rothschild Théo BARALLON Associate ... Analyst ESTP - MS ESSEC KPMG - Véolia - Solaire Direct Ricardo CASTELLO ... TRAINING ORGANISMS

Strategic Advisory

Debt Advisory

M&A Advisory

FINERGREEN| NEW ENERGY FINANCIAL ADVISORS

OUR VISION

FOSTER THE ENERGY TRANSITION AND PROMOTE

GREEN INVESTMENTS

2

SOLAR WIND BIOMASSHYDROENERGY

EFFICIENCY


OUR MISSION

3

M&A Advisory

Debt Advisory

StrategicAdvisory

WE ARE A TEAM DEDICATED TO ENERGY TRANSITION FINANCING.FROM OUR UNIQUE POSITION, WE OFFER A TRIPLE EXPERTISE THAT WE MAKE AVAILABLE FOR ALL OUR CLIENTS.

DEBT ADVISORYA renewable energy project is highly capital intensive. Its financing requires the establishment of long term finance agreements with banking players . FINERGREEN deep expertise on this topic enables us to determine the most suitable legal and financial structure, for each and every operation on which we work.

M&A ADVISORYFINERGREEN is active on every type of long term

financing operations, raising funds for assets

(infrastructures) or companies (corporate). In

order to ensure liquidity on the renewable energy

market, our team works both on the buy and sell-sides.

STRATEGIC ADVISORYEither public or private, the energy transition actors are constantly moving. We help them to make their

business model evolve, in France and all over the world.

5 ENERGIES 1 TO 100 M€


797PLANTS

FINANCED PROJECTS

236MWp

DELIVERED POWER

502M€

CLOSED TRANSACTIONS

OUR HISTORY

4

Over 100 M€ of transactions

Over 50 M€ of transactions

201520142013 2016

2013Creation of

FINERGREEN

Over 300 M€ oftransactions

Solar Projects

Methanization Projects

Hydro Projects

Wind Projects

Energy efficiency Projects


EMERGING MARKETS SPECIALISTS

5

ParisHead-office

AbidjanOffice

201620152014 2017

2016Creation of

FINERGREENAFRICA

2017Creation of

FINERGREENITALIA

RomeOffice

Offices

Covered Markets


M&A ADVISORY

6

QUASI-EQUITYQuasi-equity (corporate bonds, asset-backed convertiblebonds) participates in the optimization of the legal andfinancial structure of transactions in the renewableenergy sector.

TOOLS

ASSET ACQUISITION / ASSET SALESBased on our extensive network of investors, our marketing tools and our rigorous tender processmanagement, we will get the best market offer for your project, both for asset acquisition or assetsale.

FUND RAISINGBoth for fund raisings at the asset and corporate levels, our team is able to drive the whole capitalraising process, from the initial negotiations to financial closing.

EQUITY PARTICIPATIONThe equity participation of a new partner, who can be industrial of financial, public or private,is key for a company. That’s why we manage those operations on three different levels:strategic, financial and legal.

WE FOSTER MERGERS AND PARTNERSHIPS BETWEEN ENERGY TRANSITION ACTORS BY STRUCTURING THE MOST SUITABLE

LEGAL AND FINANCIAL PACKAGES FOR EACH COMPANY’S NEED

MISSIONS

EQUITYEquity injection through shares acquisition or capitalincrease are the usual ways to acquire or finance anasset.


MEZZANINE DEBTThe establishment of a subordinated debt is more and more usual in the renewable energysector. From crowdfunding to dedicated investment funds, we understand and master thediversity of available tools and players, and put them at the client’s service.

SENIOR DEBT FINANCINGBank loans are the major source of financing for renewable energy projects financing, and the termsand conditions finally obtained are key drivers to a project’s success. Thanks to our financialengineering expertise and our in-depth knowledge of banking process and players, we manage tosecure the most suitable bank financing.

DEBT ADVISORY

7

GRANTSDevelopment phase financing, ahead of construction phase, is critical for renewable energy actors, inparticular when working on international development. With this in mind, we developed a specificexpertise in identifying and obtaining grants for the renewable energy sector.

DEVELOPMENT STAGE - GREENFIELDAs soon as a renewable energy project gets the requiredpermits for the construction, our team is able to startthe process of obtaining external financing throughmobilization of our broad network of partners.

MISSIONS

TOOLS

WE SECURE THE MOST APPROPRIATE FINANCING SCHEMES TOWARDS COMPLETION OF RENEWABLE ENERGY PROJECTS

STRUCTURING STAGE - BROWNFIELDWhen an asset has been in operation for a long time,many risks are no longer applicable, for instance theconstruction risk. In this case, a more appropriatefinancing can replace the initial funding.


BENCHMARKINGOur hindsight on the market, its practices and its key indicators allow us to tackle anystrategic issue with a broad vision and the required acuity.

MODELLINGThanks to our robust modelling skills and thanks to our experience of renewable energieswe produce tailor-made tools for decision making.

STRATEGIC ADVISORY

8

TOOLS

DUE DILIGENCES REVIEW• Solar yield analysis• Technical study• Legal and Tax audit• Financial model audit

CONTRACTS NEGOCIATION• Loan agreement• Share purchase agreement• Shareholder’s agreement• EPC, O&M contracts

VALUATION• Asset portfolio• Acquisition target• Projects under development

MARKET STUDY• Top-down analysis• Regulatory framework overview• Benchmarking• New market entrance study

OUR CONSULTING POSITION GIVES US A DEEP AND CONSTANTLY UPDATED KNOWLEDGE OF THE LOCAL MARKET

CONDITIONS AND STANDARD CONTRACTUAL PRACTICES, THAT WE MAKE AVAILABLE FOR OUR CLIENTS

MISSIONSReview witha commercialOutlook


OUR CREDENTIALS IN FRANCE

9

SEXTANT – 37 MWp37 MWp

Solar PV portfolio

66 M€Financed

Located in the south of France, this 240 plantportfolio was financed by 3 French banks.Involving assets under construction andoperating plants, the portfolio presented awide risk spectrum. The power plant poolingallowed Finergreen to find the most suitablefinancial structure and to set up a properdebt financing.

OPERATION SIZE REGION TYPE AMOUNT CLOSING

Refinancing 7 MWc South of France 55 solar roofs 15 M€ Feb. 2017

Equity and Debt Advisory 1,5 MWe Nouvelle Aquitaine region Biogaz plant 15 M€ Feb. 2017

Financial Audit 32 MWc South of France 202 solar assets 60 M€ Jan. 2017

Strategic Advisory N.A. France Circular economy 150 M€ Dec. 2016

Cession 11 MWc South of France 79 solar roof 19 M€ Dec. 2016


OUR CREDENTIALS IN ITALY

10

CELSIUS – 1.0 MWp1.0 MWpGround-mounted

Plant

1.3 M€Company value

The ground-mounted plant, located in theAbruzzes region near the Adriatic sea, hasbeen connected in 2009 and produce morethan 1.3 GWh of electricity per year.The operation was managed in threemonths, and enabled the seller to keep theoperation and the maintenance of the plant.


Cession 2.0 MWp Abruzzes Ground-mounted plant 2.4 M€ Dec. 2016

Debt Advisory 0.5 MWp Ligurie Agricultural greenhouses 1.0 M€ Jun. 2016

Debt Advisory 1.0 MWp Marches Ground-mounted plant 2.7 M€ Dec. 2015

Debt Advisory 1.0 MWp Pouilles Ground-mounted plant 1.6 M€ Jul. 2015


OUR CREDENTIALS IN AFRICA

11

KNE – 42 MW42 MW

Run-of-the-river Dam

116 M$Of total investment

The concession agreement for the set up ofthis run of the river dam in Mali was signedin June 2015 and schedule its commercialoperation date at the end of 2020. Thisequipment will generate near 189 GWh eachyear and thus increase the area’selectrification rate.Finergreen was awarded a financial auditormandate following a competitive biddingprocess from IFC.


M&A and Debt Advisory 30 MW Ivory Coast Run of the river Dam 101 M€ Ongoing

M&A and Debt Advisory 7 MWe Cameroon Wood biomass 18.5 M$ Ongoing

Startegic Advisory - Market study N.A. West Africa Solar sector N.A. Jan. 2017

Debt Advisory - Grants N.A. Africa Solar roofs N.A. Dec. 2016

Debt Advisory - Grants 19 MW Cameroon Run of the river Dam N.A. Sep. 2016


OUR CREDENTIALS IN ASIA

12

GUJARAT – 25.0 MWp25.0 MWp

Ground-mounted plant

25 yearsOf Purchase agreement

The ground-mounted solar plant was offeredfor sale by a diversified Indian holding.The plant has been operating for a few yearsand benefits from a power purchaseagreement on 25 years signed with the localdistribution company.The plant produces 42.4 GWh of electricityper year, which is equivalent to the averageconsumption of around 15,500 houses.

OPERATION SIZE REGION/COUNTRY TYPE AMOUNT CLOSING

M&A Advisory 40 MWp India Ground-mounted plant and solar roofs N.C Ongoing

M&A Advisory 10 MWp Philippines Off-grid solar N.C Ongoing

M&A Advisory 10 MWp Indonesia Hydro plant N.C Ongoing


FRANCE TEAM

13

Damien RICORDEAU CEO & Founder

Master 225 - Paris Dauphine

Groupe Edmond de Rothschild

Théo BARALLONAssociate

HEC Entrepreneurs -INSA Lyon

Crédit Agricole -Airbus - URGO

Louis CATALAAssociate

Audencia - Centrale Nantes

Bureau d’étude -Start-ups Web

Marie-Madeleine SABOLYAssociate

HEC - AgroParisTech

SMBC Europe - Groupe Le Duff Start-ups

Matthieu KUZDZALAnalyst

Sciences Po Paris

GDF Suez Energie Services

Amélie BEAUJARDOffice Manager

Sciences Po Paris -UCP

Microprojets.org -ECFR

Charles DELIENNEAnalyst

ESTP - MS ESSEC

KPMG - Véolia -Solaire Direct

Ricardo CASTELLO BRANCOAnalyst

École des PontsAES Brasil - BNP Paribas - VINCI - FAYAT

Eleonora PERROTTALegal assistant

Paris II Panthéon - Assas

Hogan Lovells - Lefèvre Eversheds

Arthur OMONTAnalyst

McGill - HEC Paris

UBS Londres - ATEC ITS France


INTERNATIONAL TEAM

14

Jean-Jacques NGONOManaging Partner


ECP - Oppenheimer & Son

Florian CAMMASAnalyst

Audencia - Mines d’Alès School

BETOM - Etablissement Thermal

AFR

ICA

Caroline BOONEAssociate

ESSEC Business School

Proparco

Rohan SINGHManaging Partner


Auriverde - BMCE - Société Générale

ASI

A Jade RELMYJunior Analyst

HEC Paris – La Sorbonne

Orrick, Herrington & Sutcliffe LLP

Alessandro BETTIManaging Partner

Université de Rome - Bocconi

Hanergy - Terra Firma - UniCredit

ITA

LY

Marion DILASSERAnalyst


Bfinance – Crédit Agricole CIB

Nabil AMIRAnalyste Junior

ESC Grenoble

Rocket Internet - Start-ups - Deloitte


OUR PARTNERS

15

INSTITUTIONAL PARTNERS

PROFESSIONAL ORGANIZATIONS

TRAINING ORGANISMS

Finergreen actively participates in the structuration of the renewable energy sector, both in France and overseas thanks to its role of trainer and advisor


ACTIONS OF SOLIDARITY

Solar Panels installation on the roof of a charity home for young people

Biogas units installation in porkfarmers families

Solar Pump to improve the clean water adduction system

€ 180,000Of fund raised and dedicated to local

microprojects financing

GLOBALITY19 Projects

14 Countries

3 Continents

MALI PERU

VIETNAM

DIVERSITY Solar, Biomass,

Aquaponics, Methanization

16


OUR CONTACT DETAILS

17

FRA

NC

E Damien RICORDEAU +33 (0)6 35 50 62 84 [email protected]

Amélie BEAUJARD +33 (0)6 66 96 42 26 [email protected]

Eleonora PERROTTA +33 (0)6 16 53 77 65 [email protected]

Théo BARALLON +33 (0)6 75 98 05 80 [email protected]

Louis CATALA +33 (0)6 79 76 49 32 [email protected]

Marie-Madeleine SABOLY +33 (0)6 59 85 95 79 [email protected]

Charles DELIENNE +33 (0)6 77 01 68 96 [email protected]

Matthieu KUZDZAL +33 (0)7 83 31 63 89 [email protected]

Ricardo CASTELLO-BRANCO +33 (0)7 68 05 45 79 [email protected]

Arthur OMONT +33 (0)7 81 34 61 40 [email protected]

ITA

LIE Alessandro BETTI +39 339 2955002 [email protected]

Marion DILASSER +33 (0)6 71 18 69 06 [email protected]

AFR

IQU

E Jean-Jacques NGONO +225 49 73 02 00 [email protected]

Caroline BOONE +225 59 89 24 67 [email protected]

Florian CAMMAS +225 89 92 60 43 [email protected]

Nabil AMIR +225 79 74 07 38 [email protected]

ASI

E Rohan SINGH +33 (0)7 87 77 76 22 [email protected]

Jade RELMY +33 (0)6 27 38 33 07 [email protected]

96 Boulevard Diderot75 012 Paris

France

Via Migiurtinia 5200199 Rome

Italy

2 Plateaux, Rue des Jardins

Cocody, Abidjan

Ivory Coast

www.finergreen.fr

Documents

M&A Advisory Debt Advisory Strategic Advisory · Rothschild Théo BARALLON Associate ... Analyst ESTP - MS ESSEC KPMG - Véolia - Solaire Direct Ricardo CASTELLO ... TRAINING ORGANISMS