8/13/2021

speaker
Daisy
Call Coordinator

Hello everyone and welcome to the Energia Q2 conference call and webcast 2021. My name is Daisy and I'll be coordinating today's call. You will have the opportunity to ask a question at the end of the presentation. If you would like to register a question, please press star followed by one on your telephone keypad. I'll now hand over to your host, Darlene Webb from the Investor Relations Group of Energia. Darlene, please go ahead.

speaker
Darlene Webb
Investor Relations Representative

Thank you very much, operator, and good morning, everyone. This call will discuss our earnings for the second quarter into June 30, 2021. If you're following along on our slide deck, I'll be directing my comments to slides one through three. Today, I am joined by Dr. Andrew Benedek, Anergy's founder, board chairman, and CEO, Dr. Yaniv Shurson, Anergy's chief operating officer, and Mr. Hani Casey, Energia's Chief Financial Officer. Before beginning our formal remarks, we would like to refer listeners to slide two of the presentation, which contains a caution on forward-looking information and a note on the use of non-IFRS measures. Listeners are reminded that today's discussion may contain forward-looking statements that reflect current views with respect to future events. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated in these forward-looking statements. Energia doesn't undertake to update any forward-looking statements except as may be required by applicable laws. Listeners are urged to review the full discussion of risk factors in the company's prospectus, which has been filed with the Canadian securities regulators. Lastly, while this conference call is open to the public, and for the sake of brevity, questions will be prioritized for analysts. And with that, I'll turn the call over to Andrew.

speaker
Dr. Andrew Benedek
Founder, Board Chairman and CEO

Thank you, Darlene. Before we start, I would like to remind you all that we are here to provide solutions at significant scale to the global climate change issues as outlined in the recent IPCC report. Over the last 14 years, we have been preparing our company for the acceleration that is needed to bring scale and to bring carbon negative fuel that is absolutely necessary to get to net zero and The IPO was one of the steps in an important step to get us to the point where we can increase our scale. Nonetheless, the results of this quarter are not influenced by the IPO. If anything, they've been hurt by the IPO because top management has been preoccupied with the obvious steps required to get the IPO done. So over time, however, you will see the impact of the IPO. But what I want to caution you on, as this is our very first call, quarterly call after an IPO, that we will be making continuous, continual step-by-step growth, but it is a business that isn't best described by quarter because it takes typically years for us to complete projects. Nonetheless, you can expect significant growth over time. We have all the right ingredients. We have the right global locations, the right people, and mostly the right differentiated technology. And we have the wind at our back caused by the more and more dire situation globally. So now, going to the quarter, I'd like to bring your attention to slide four, the highlights. The important thing is that we continue to expand our projects. As you have already seen, we have announced significant project that we're starting to build now in the Northeast to expand our geographical reach within the US. And significantly, we've added several new projects in Italy. And we will continue to add these because we see a ripe opportunity there. But we also see many ripe opportunities across Europe. In terms of the bookings themselves, we have grown them now by 50% to 3.2 billion, as you can see it. And our growth year over year is also significant, 52%. Going to the next slide, it's just a simple summary of the IPO itself. Please note that nearly $200 million was raised. This was, I believe, the largest Canadian IPO in the environmental space because of the over-allotment that was picked up by Toronto Dominion. And as you can see, our debt situation The debt that's shown is project-related non-recourse financing. Corporate debt is low. And, of course, we still have much of the money remaining as outlined by Honey in his MDA. And I'll pass it to Honey, our CFO.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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