3. 1. FINANCIAL MODELS.....................................................................................................................................................5
a) ENERGYGO LC and ENERGYGO BE
b) Process for contract signing
c) Typical repayment profile
2. LEASING AND RENTAL MODELS..........................................................................................................................9
a) HESARENT
b) Process for contract signing
c) What happens when the contract expires?
d) Typical leasing and rental profile
3. WHO IS BEHIND THIS FINANCIAL MODEL? ...................................................................................................13
a) EKF - state backed financing
b) HeSaLight is ’AAA’ rated by Dun & Bradstreet
TABLE OF CONTENTS
4. HeSaLight has created novel and unique financing
models that, without any investment from you, can
ensure a completely new turnkey lighting solution
that drastically reduces your electricity costs.
One of these models is provided by EKF, Denmark’s
Export Credit Agency.
6. EKF can provide state-backed financing solutions for the LED lighting solutions we deliver (positive credit
evaluation required). EKF provides financing solutions for Danish exporters worth more than EUR 2.5 billion
per year and we have cooperated together with EKF since 2010.
HeSaLight has delivered financed solutions in over 30 countries.
HeSaLight has 2 models available: ENERGYGO LC and ENERGYGO BE
(1) The interest rate is dependent on the guarantee for payment that the customer gives
(2) Please refer to your individual offer
Percentage financed 100%
Installation included Yes*
Down payment 0%
Interest p.a.(1)
0% 3%
Supporting Documents Letters of Credit (LC) Bills of Exchange (BE)
Credit approval Customer’s Bank Customer
Finance period 1-5 years
First payment 6 months after delivery
Payments Half year / quarterly
Documents for credit
evaluation(2)
Company registration num-
ber of the Customers Bank
Company registration
number of the Customer
ENERGYGO LCFINANCIAL MODELS: ENERGYGO BE
HESALIGHT A/S, Lykkegaardsvej 9, 4000 Roskilde, Denmark | +45 3537 8888 | info@hesalight.com | hesalight.com
FINANCIAL MODELS
Documentation for Public or Private Customers NOT listed in Dun & Bradstreet:
Last year’s financial statement (or financial report) and current year’s budget
HeSaLight may require further financial clarification from the customer if the available information is not
conclusive or sufficient.
ENERGYGO LC AND ENERGYGO BE
7. Financial models apply for projects over 100.000 Euros. Projects over 5 millions Euros may need
further documentation. All financed deals ultimately needs approval from HeSaLight, pending a
positive credit approval.
After appropriate internal consultations and the due diligence process described below are completed,
the customer will be notified no later than 5 working days from receipt, if the financing is authorized.
PROCESS FOR CONTRACT SIGNING
(3) The signatures of the Customer on the Bills of Exchange must be certified in one of the following ways:
I. Notarized certificate from a public notary stating that:
. the signatures on the Bills of Exchange are genuine and
. the person signing (full name) is authorized to sign on behalf of the Customer;
OR
II. SWIFT message from the Customer’s bank to HeSaLight’s bank stating that:
. the signatures on the Bills of Exchange are genuine and
. the person signing (full name) is authorized to sign on behalf of the Customer.
The presented documents and the certificate will be evaluated by HeSaLight’s bank and the customer will be notified no later
than 5 working days from receipt.
(4) The presented Letter of Credit and the signed contract will be evaluated by HeSaLight’s bank and the customer will be
notified no later than 5 working days from receipt.
HESALIGHT A/S, Lykkegaardsvej 9, 4000 Roskilde, Denmark | +45 3537 8888 | info@hesalight.com | hesalight.com
FINANCIAL MODELS
1
After credit approval of
the Customer’s bank the
contract is signed by the
Customer and HeSaLight
Afte r credit approval of
the Cust omer the contract
is signed by the Customer
and HeSaLight
2
HeSaLight sends a draft of
the Letter of Credit to the
Costumer’s bank
The Bills of Ex change are
signed by the person who
is authoriz ed to sign on
behalf of the Cust omer
3
The Customer’s bank
opens a Letter of Credit
towards HeSaLight
via SWIFT
T he signed Bills of
Exchange in original a re
sent t o HeSaLight and a
scanned version is sent
by email
ENERGYGO LCFINANCIAL MODELS: ENERGYGO BE
(3)
(4)
8. All financing models are based on prepayment of the investment with the savings the solution generates.
This way you as a customer will have a positive cash flow from day one. So you will never spend more than
you do today on energy and maintenance for you current high consuming and high maintenance traditio-
nal light bulbs.
The typical repayment profile shown here with savings over a 10-year period; Current and yearly spending
on energy and maintenance if you don’t change to LED in light blue, Future energy spending with LED in
gray and Future energy spending including all payments to HeSaLight in light grey.
TYPICAL REPAYMENT PROFILE
years
EUR
1y 2y 3y 4y 5y 6y 7y 8y 9y 10y
Total costs of current energy, product and maintenance
Energy savings
Future LED energy costs incl. payments to Hesalight (EnergyGo Full)
Future LED energy costs
HESALIGHT A/S, Lykkegaardsvej 9, 4000 Roskilde, Denmark | +45 3537 8888 | info@hesalight.com | hesalight.com
FINANCIAL MODELS
0
3
6
9
12
15
10. HeSaLight’s unique Leasing and Rental model that generates a positive cash flow, combined with our LED
expertise means that our customers benefit by obtaining immediate savings, high quality product offerings
and solid solutions for many years.
The Leasing and Rental model gives you all the benefits of a new and energy efficient LED lighting solution,
without any capital expenditure. Benefits include:
• Reduced balance sheet
• Cash-flow improvement
• Payments are operating expenses and deductible from profits
• Full maintenance and service on the equipment
Through HESARENT model, we offer our customers a cash flow positive state backed Leasing and Rental
model, making energy efficient solutions easily accessible as a service.
Solution Includes
HeSaLight LED Luminaries,
Installation, Maintenance and Service
Down Payment 0%
Customers Share of Savings per Year 10%, 20% and 30% (1)
Supporting Documents Bills of Exchange
Credit Approval Customer
Contract Duration 10-15 years (2)
First Payment 3 months after delivery
Payments Quarterly
Documents for Credit Evaluation Company registration number of the Customer
LEASING AND RENTAL MODEL: HESARENT
(1) The savings share is calculated from the achieved savings compared to the cost of the old traditional light
(2) The maximum possible leasing period is the technical lifetime of the equipment
HESALIGHT A/S, Lykkegaardsvej 9, 4000 Roskilde, Denmark | +45 3537 8888 | info@hesalight.com | hesalight.com
LEASING AND RENTAL MODELS
HESARENT
11. Rental models apply for projects over 500.000 EUR. Projects over 5 mill. EUR may needs further
documentation. All Leasing and Rental contracts needs approval from HeSaLight pending a positive
credit approval.
Documentation for Public or Private Customers NOT listed in Dun & Bradstreet:
Last year’s financial statement (or financial report) and current year’s budget. HeSaLight may require
further financial clarification from the customer if the available information is not conclusive or sufficient.
”HESARENT” Leasing and Rental Model based on Bills of Exchange. After appropriate internal
consultations and the due diligence process described below are completed, the customer will be
notified no later than 5 working days from receipt if the financing is authorized.
PROCESS FOR CONTRACT SIGNING
(3) The signatures of the Customer on the Bills of Exchange must be certified in one of the following ways:
I.- Notarized certificate from a public notary stating that; the signatures on the Bills of Exchange are genuine and that the
person signing (full name) is authorized to sign on behalf of the Customer.
OR
II.- SWIFT message from the Customer’s bank to HeSaLight’s bank stating that; the signatures on the Bills of Exchange are
genuine and that the person signing (full name) is authorized to sign on behalf of the Customer.
HESALIGHT A/S, Lykkegaardsvej 9, 4000 Roskilde, Denmark | +45 3537 8888 | info@hesalight.com | hesalight.com
LEASING AND RENTAL MODELS
1
After credit approval of the Customer
the contract is signed by the Customer
and HeSaLight
2
The Bills of Exchange are signed by the
person who is authorized to sign on be-
half of the Customer
3
The signed Bills of Exchange in original
are sent to Hesalight and a scanned
version is sent by email
LEASING AND RENTAL MODEL: HESARENT
(3)
12. When the contract expires you have several opportunities to choose from, you can:
• Return the equipment to HeSaLight without any additional charges
• Renew the entire equipment without any new investment and just continue with a new contract
• Purchase the equipment at its market value corresponding to one (1) additional quarterly payment
No matter what opportunity that fits you best, HeSaLight will be there to help and guide you through the
process.
WHAT HAPPENS WHEN
THE CONTRACT EXPIRES?
All Leasing and Rental payments are based on the savings the solution generates. This way you as a cust-
omer will have a positive cash flow from day one. You will never spend more than you do today, on energy
and maintenance for you current high consuming and high maintenance traditional light bulbs.
The typical repayment profile is shown here with savings over a 15-year period; Future energy spending
with LED in dark gray; Payments to HeSaLight are shown in light gray and your Savings from day one in
green.
TYPICAL LEASING AND RENTAL PROFILE
PRODUCT
TECHNICAL
LIFETIME YEARS
COST 100%
COST 30%
TYPICAL
SAVINGS
ON LED
PRE-LED
COST
POST-LED
COST
PHASE 1
Earning 10% of Savings
PHASE 2
Earning 20% of Savings
PHASE 3
Earning 30% of Savings
RENTAL
COST
HESALIGHT A/S, Lykkegaardsvej 9, 4000 Roskilde, Denmark | +45 3537 8888 | info@hesalight.com | hesalight.com
LEASING AND RENTAL MODELS
14. EKF provides financing solutions for Danish exporters worth more than EUR
2.5 billion per year and can provide state-backed financing solutions for the
LED lighting solutions HeSaLight delivers (positive credit evaluation requi-
red).
Thanks to this cooperation we offer several flexible payment possibilities
based on the energy savings that our solution generate. This way you can
access our solution that generates a positive cash flow, combined with a fi-
nancial solution that makes saving energy and money faster and easier.
EKF was established in 1922 and is owned and guaranteed by the Danish
state (AAA). EKF financed operations for over 2.5 billion EUR.
Dun & Bradstreet, a Fortune 500 company, has given a triple A
rating (AAA) to HeSaLight through their Nordic partner Bisnode.
The Nordic Triple-A Rating is the highest creditworthiness available and
means that we can easily meet our financial commitments.
EKF - STATE BACKED FINANCING
HESALIGHT IS ’AAA’ RATED
BY DUN & BRADSTREET
HESALIGHT A/S, Lykkegaardsvej 9, 4000 Roskilde, Denmark | +45 3537 8888 | info@hesalight.com | hesalight.com
WHO IS BEHIND IT?
Highest creditworthiness
Bisnode 2016
16. Lykkegaardsvej 9, 4000 Roskilde, Denmark
+45 35 37 88 88 | info@hesalight.com
Start benefiting from a new lighting
installation with a unique financial plan.
Contact us today!
hesalight.com