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INFORMATIONS RÉGLEMENTÉES

RUBIS: Photosol Day 2024 : Powering ahead – Heading for value-creating growth and targeting more than 2.5 GWp secured portfolio by 2027

Paris, 17 September 2024, 7.00 am (CET)

  

Rubis is organising today, 17 September 2024, in Paris (France), its “Photosol Day”. During this event dedicated to Photosol, Clarisse Gobin-Swiecznik (Managing Partner at Rubis), Robin Ucelli and David Guinard (co-founders and, respectively, Chairman and CEO of Photosol), along with other members of Rubis and Photosol management, will present a comprehensive analysis of the evolution of the photovoltaic markets, Photosol’s positioning, and the mid-term ambitions for the Company.

On this occasion the Managing Partners stated: “At a time when the European market is being transformed to address energy security by decarbonising production, Rubis is powering ahead to lead the way as a global energy service provider. With a 30-year track record of value-creating growth and strategic acquisitions, and a robust balance sheet, Rubis has chosen to seize the opportunities created by this transition, thus consolidating its long-term vision to secure the Group’s future by operating in these new segments and markets. The acquisition of Photosol was a pivotal step forward, combining our extensive expertise with Photosol’s entrepreneurial spirit and robust solar energy track record. This strategic move enables us to meet the evolving demand for energy, extract synergies, and will deliver substantial value to our stakeholders over the long term”.

2027 ambitions:

  • Secured portfolio1 above 2.5 GWp
  • Consolidated EBITDA2: €50-55m, of which c.10% EBITDA contribution from farm-down initiatives
    • Power EBITDA3: €80-85m
    • Secured EBITDA4: €150-200m

The delays in grid connection times, that we have been mentioning since March 2023 are affecting the commissioning dates of some of our plants, thereby delaying our initial target of 1 GWp in operation by 2025. However, to date, the secured portfolio is in line with the 3.5 GWp in operation in 2030.

These targets will be achieved building upon the following:

A fertile ground for growth: The renewable energy sector is at a critical juncture, driven by soaring electricity demand, strong European green deal policies, and a push for energy sovereignty. Solar energy, now the most cost-effective renewable option, is well-positioned to capitalise on these trends. It represents a prime opportunity for significant value-creating growth in solar power and renewables. The favourable funding environment further supports ambitious expansion plans in the solar sector.

A well-thought positioning: Considering its particular focus on ground-mounted solar plants, Photosol aligns seamlessly with the Group’s strategic objectives. With a proven track record and a robust project pipeline, Photosol demonstrates a solid level of reliability and expertise. Its combination of entrepreneurial spirit, experienced teams, and financial discipline helps support long-term value creation. This alignment in culture, operations, and finance underscores the strong potential of this union.

A well-established firm with unique photovoltaic strengths: Photosol manages every stage of the value chain, from project development to energy production. With a secured portfolio of c. 1 GWp today, and a pipeline of c. 5 GWp, the growth potential is important. Cash flows generated are steady and predictable and constitute a solid foundation for future growth.

A clear roadmap to accelerate diversification: France serves as Photosol’s stronghold, providing a stable base with long-term revenue streams and secure financing. This robust foundation enables leveraging extensive experience for international expansion. The focus will extend to selected countries: Italy, Spain, Central and Eastern Europe. This strategic approach supports long-term value-creating growth.

  

Photosol Day documents will be available on Rubis website: https://www.rubis.fr/.
The live or recorded webcast can be viewed via the following link
https://channel.royalcast.com/rubisfr/#!/rubisfr/20240917_1

Press Contact Analyst Contact
RUBIS – Communication department RUBIS – Clémence Mignot-Dupeyrot, Head of IR
Tel: +33 (0)1 44 17 95 95

presse@rubis.fr

Tel: +33 (0)1 45 01 87 44

investors@rubis.fr


1 Includes ready to build, under construction and in operation capacities.

2 EBITDA reported in Rubis Group consolidated financial statements.

3 Aggregated EBITDA from operating PV through electricity sales.

4 Illustrative EBITDA coming from secured portfolio.

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PERSONAL DATA PROTECTION POLICY

Last update: 13/11/2019

Rubis SCA (hereinafter referred to as “Rubis”) attaches great importance to the protection of your personal data (hereinafter referred to as “Personal Data”), which refers to any information relating to an individual, provided voluntarily by them or collected as part of their browsing on the website www.rubis.fr (hereinafter referred to as “the Website”).
The purpose of this notice is to describe how Rubis processes Personal Data collected when you use the www.rubis.fr website and to inform you of your rights under data protection regulations.

1. Purpose of collecting Personal Data and retention period

  • Financial communications mailing list
    Rubis collects Personal Data (gender, surname, first name, email address, country of residence, language) via the online form that allows you to subscribe to its financial communications email list. The Personal Data collected is kept for as long as you are subscribed to this mailing list and is archived in accordance with current regulations.
    You can unsubscribe from the financial communications mailing list by clicking on the dedicated hypertext link at the end of the e-mails.
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2. Recipients of Personal Data

The Personal Data collected is processed by Rubis or, where applicable, by a service provider bound by contract to respect its confidentiality and security and to use it only for the purposes of the task entrusted to it. Rubis undertakes not to sell, rent or transfer it to third parties.

3. Storage and hosting of Personal Data

Personal Data collected by Rubis is stored and hosted on secure servers located in the European Union.

4. Security of Personal Data

Rubis implements appropriate measures to preserve the security, confidentiality and integrity of Personal Data, in particular to prevent it from being distorted, damaged or accessed by unauthorised third parties.

5. Enforceable rights with regard to the protection of Personal Data

The regulations give you the following rights with regard to your Personal Data:

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  • the right to object to or limit the collection of personal data;
  • a right to portability ;
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  • the right to lodge a complaint with a supervisory authority.

For more information, visit the following page on the CNIL website (french only): https://www.cnil.fr/fr/les-droits-pour-maitriser-vos-donnees-personnelles .

6. Contact

You can contact Rubis at the following address: communication@rubis.fr.

Legal information

Last update: 3/11/2023

IDENTIFICATIONS

Website publisher: RUBIS SCA, hereinafter the “Company”

SCA with share capital of 128,691,957.50 euros

Registered office: 46, rue Boissière – 75116 Paris, France
784 393 530 RCS Paris

LEI code: 969500MGFIKUGLTC9742

VAT number: FR 81784393530

Tel: +33 (0)1 44 17 95 95

Director of publication: Jacques Riou

Technical designer of the website: Agence TAKA (https://wearetaka.com/)

Limited liability company (SARL) with capital of €5,500

Registered office: 2 place Jules Gévelot – 92130 Issy les Moulineaux, France
512 910 704 RCS Nanterre

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PURPOSE OF THE WEBSITE AND UPDATES

The purpose of the www.rubis.fr website is to provide all interested parties (hereinafter referred to as “users”) with information on the activities and results of the Company and the companies it directly or indirectly controls within the meaning of French law. The website, including this legal notice, may be updated at any time.

INTELLECTUAL PROPERTY

The information and documents available on the website (including the texts, images, photographs, videos, sounds, databases, company names, logos, products and brands mentioned) are either the exclusive property of the Company or one of the companies it controls, or are subject to rights of use, reproduction and representation or copyrights. Any reproduction, representation or use is prohibited without the express authorisation of the Company.
Copyright of images produced on the website:
© Gilles Dacquin
© Rubis group photo library

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Users can access information available on the website via an RSS feed. The use of this right is granted by the Company for individual and non-commercial purposes only, provided that the website URL is clearly mentioned.

PROTECTION OF PERSONAL DATA AND COOKIES

Rubis may need to collect your personal data in order to respond to a request from you. This data is processed by Rubis or, where applicable, by a service provider bound by contract to respect its confidentiality and security and to use it only for the purposes of the assignment entrusted to it. Rubis undertakes not to sell, rent or transfer it to third parties.

In accordance with current regulations, you have the right to access, rectify, delete and object to your personal data.

In order to offer you a better service, Rubis compiles statistics and measures the audience for the Website. To enable statistical analysis, the Website provider uses the services of etracker GmbH, which installs cookies (small text files stored by the Internet browser on the user’s device). Data generated with etracker GmbH is processed and stored exclusively by etracker GmbH. Data is processed in accordance with Article 6 of the General Data Protection Regulation.

We inform you so that you may refuse to accept these cookies. However, the non-installation of a cookie may limit certain functions of the Site. The configuration of the navigation tools is described at https://www.cnil.fr/fr/cookies-les-outils-pour-les-maitriser .

WARNING

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