E-Star’s Modelin the Polish Energy MarketÁkos KASSAI, CEO    Mielec, October 6th 2011
Company Development       Milestones                         Client proposition                                       • Ef...
Diversified International Project Portfolio         EC Mielec• Heat and electricity• Capacity: 170.5 MWth and  24.4 Mwel  ...
Technology-Free, Knowledge-Based                                       Alternative Energy Business                        ...
Diversified Revenue Sources                                    with Bluechip Industrial Clients                    Distrib...
Corporate Structure                                                          Post-Merger Integration       •   Reorganized...
Current Projects Secure                                    EBITDA and Net Income GrowthCountry            Project         ...
The Future                    2011 - Greatest Achievements• Entering Poland by EETEK               • New Gas Cogeneration ...
ContactE-Star Alternatív Plc.Budapest, Székács u. 29.H-1122, Hungaryphone: +36 (1) 279-3551email: info@e-star.hu          ...
Thank you for your kind attention!                       Energy efficiency environment
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Estar presentation mielec 061011

  1. 1. E-Star’s Modelin the Polish Energy MarketÁkos KASSAI, CEO Mielec, October 6th 2011
  2. 2. Company Development Milestones Client proposition • Efficient and district heating services2000 Foundation Segments • Public lighting • Energy Trading Aggressive2005 Growth • Industrial clients (including Blue Chips)2007 IPO Customers • Municipalities International • Residential clients2009 Expansion + SPO • Hot Water Further2010 International • Steam Growth • Electricity Main EETEK Acquisition Products2011 • ESCO Warsaw SPO • Energy Outsourcing Bond Prog. I • Public Lightning (EUR 35 M) 1
  3. 3. Diversified International Project Portfolio EC Mielec• Heat and electricity• Capacity: 170.5 MWth and 24.4 Mwel Euro-Energetyka Energy distribution and Mielec Gheorgheni trading Gorlice Zalau EC Gorlice• Heat and electricity• Capacity: 87.2 MWth and 7.0 Mwel Győr Targu Rába-Audi Project Mures• Energy and utility services• Blue-chip industrial consumers (Rába, Audi, Dana)• Capacity: 8.4 MWth and 8.5 Public lighting MWel ESCO District heating 2
  4. 4. Technology-Free, Knowledge-Based Alternative Energy Business E-Star Polska Industrial Municipality Residential Gas Gas Boilers Engines Natural gas CoalBiomass Turbines Geothermal Boilers / Inert gas Biomass, Waste to Energy Biogas Geothermal Solar 3
  5. 5. Diversified Revenue Sources with Bluechip Industrial Clients Distribution of Revenues - H1 2011 Residential Industrial Municipal TotalHungary 3% 23% 11% 37%Poland 0% 37% 10% 47%Romania 10% 0% 5% 15% Total: 13% 61% 26% 100% Reliable international bluechip industrial clientele 4
  6. 6. Corporate Structure Post-Merger Integration • Reorganized corporate structure • Higher level of integration • E-Star Polska to be established Current PlannedHungary Hungary PolandCyprusPoland E-Star Polska 100% 71% 85%100% 71% 85% FondElec E-Star Polska E-Star EC Gorlice E-Star EC Mielec Management Management company 51% 51.66% 51% 48.34% Operating companies EC.Energetyka* 5
  7. 7. Current Projects Secure EBITDA and Net Income GrowthCountry Project Project description • Taking advantage of synergies Restructuring • Non-core and loss generating activities to be sold Buyout of minority • Will foster faster decision making stakeholders in subsidiaries • Other reconnection possibilities through networkPoland • 8,4 MWel and 7,4 MWth capacity New Gas Cogen in Mielec • Expansion of the Special Economic Zone in Mielec provides great opportunities Acquisition of • Owning and operating both the distributional network distributional network and energy production leads to higher efficiency and provides wilder business development opportunities • Many improvent opportunities at Raba projectHungary R&D projects • Significant projects relying on renewable resources • Geothermal, Biogas, Biomass Romanian CAPEX • Over performing institutional reconnectionsRomania program • EUR 4 M saving on rationalizing 6
  8. 8. The Future 2011 - Greatest Achievements• Entering Poland by EETEK • New Gas Cogeneration 8,4 MWe acquisition (EUR 21 M + EUR 4,5 M) • Organizational improvement (500)• SPO (10%) EUR 9,4 M • Romanian reconnections• Closing E-Star HUF nominated Bond Program EUR 34,5 M • ERP, CRM, Microsoft Navision• Successful Bank Financing – BZ • Re - branding EUR 4 M 2011 2012 2013 2014 2015 Consolidation Entering 4th Bring projects to Entering 5th Entering Poland country perfection country EUR 20 M EBITDAEBITDA EUR11,1 M Further growth EUR 500 M Market CAP Overall CAPEX program of EUR 215 M
  9. 9. ContactE-Star Alternatív Plc.Budapest, Székács u. 29.H-1122, Hungaryphone: +36 (1) 279-3551email: info@e-star.hu 8
  10. 10. Thank you for your kind attention! Energy efficiency environment

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