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Q1 2021/2022 turnover of € 2,9 M (+87% yoy)

25 October 2021

Pontpierre, France, October 25th, 2021 – La Française de l’Énergie (Euronext: LFDE – ISIN: FR0013030152), producer of energy with a negative carbon footprint, has recorded a further increase in its Q1 2021/2022 revenues, which stood at € 2.9 M against € 1.6 M last year (+87% yoy).

 Increase in produced volumes and market prices over the quarter

 In the first quarter of 2021/2022, the electricity production activity achieved a turnover of € 2.0 M, up by + 55% compared to last year. This increase is linked to an increase in productivity of the CHP units when outside temperatures are high (summer time), along with the contribution of the 2 new cogenerations in Béthune (+ € 398,000 in turnover) and a favourable energy market environment. In France, the Group benefits from a guaranteed Feed-in-Tariff, enabling to decorrelate 58%[1] of its total revenues from the spot market. In Belgium, the average selling price of electricity in Q1 2022 (62.5 € / MWh) has almost doubled compared to the Q1 2021 (33.3 € / MWh).

All the same, the gas production activity has recorded an increase in revenue from € 0.3 M to € 0.8 M over the 1st quarter of 2021/2022, led by an improvement of produced volumes (+25% compared to previous year), mainly due to the recovery of the economy and an average gas price over the period (€ 28,12 / MWh), which has increased by 148% compared to previous year (€ 11,33 / MWh).

Income from the sale of heat amounts to € 98 K over the quarter (nil in 2020/2021).

Revenues’ growth confirmed for 2021/2022

Pursuing its development plan, the Group will commission 5 new 1.5 MW CHP units in Avion (3 MW) and Anderlues (4.5 MW), i.e. 7,5 MW of additional capacity by the end of the calendar year 2021, thus confirming its ability to carry out its development strategy.

The Group will continue to strengthen its installed electrical capacity over the fiscal year 2022, with the installation of additional CHP units on the concession known as Sud Charleroi (Belgium).

 La Française de l’Energie therefore confirms its objective of achieving annualized revenue of €35M and an EBITDA margin of over 45% by the end of 2022.

 Next announcement :
October 26th, 2021 at 6pm – Presentation of annual results
November 30th, 2021 – Shareholders’ meeting

[1] Feed-in-Tariff published in the October 16th 2016 decree; % based on total Group revenues on Q1 2021/2022

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Promises won't impact
climate change.
Your local resources, will.

Climate change is an undeniable reality. We can already see its serious consequences for our planet. It is now urgent to act.

At FDE, we refuse to participate in initiatives that generate pollution beyond our borders, even if they reduce the carbon footprint of our local territories. Whether it is a question of carbon footprint or pollution, there are no limits.

It is our duty to build sustainable energy solutions that move towards global carbon neutrality. Today, the most resilient and sustainable energy solution is even more self-evident: it is imperative that energy remains local, within short supply chains, as close as possible to the needs of local communities and consumers.

Considering these, at FDE, we are taking actions and offering tailor-made, local multi-energy solutions.

By making the most of local resources, our offer enables us to provide territories with energies with a triple benefit: reduced carbon footprint, economically competitive and contributing to the socio-economic development of the area. We choose abandoned sites, make the most of the potential of local suppliers and service providers, and participate in a local center of expertise that involves universities, local authorities and associations in the local energy project.

FDE lacks neither the resources nor the know-how to deploy tailor-made energy solutions for everyone and for the planet.

Our engineers embrace the energy transition with a pragmatic view.

Recovering abandoned mine gas avoids fatal gas emissions into the atmosphere, while local coal gas reduces the need to import much more carbon-intensive gases. Abundant solar energy is both local and renewable.

To support the energy transition, at FDE, we are constantly innovating, looking for new solutions for the future, such as hydrogen, a decarbonized energy, or CO2 sequestration in coal.

In addition, all energy produced by our Group is designed to be more virtuous. All these processes therefore make FDE the only French energy producer with a negative carbon footprint.

HSE POLICY

In accordance with its values and code of ethics, and with the aim of pursuing the objective of:

  • Guarantee the integrity of our assets,
  • Ensure a safe and healthy working environment for its employees and subcontractors,
  • Guarantee the health and safety of all personnel working on and off-site,
  • Limit environmental impact.

 

FDE wishes to promote the following HSE principles:

Identify, prevent and control impacts and risks to health, safety, security and the environment,

Develop the company's activities in a sustainable and eco-responsible manner,

Improve the working environment for its employees and subcontractors.

Consequently, FDE undertakes to:

Ensure the rigorous application of regulatory procedures in force with respect to safety, health, environment and the preservation of public security,

Impose operational management with advanced criteria for environmental protection, pollution prevention and energy optimization, as part of the ecological transition,

Systematically verify compliance with HSE principles through audits and practical exercises, with the aim of continuously improving the system and its performance,

Define indices and performance indicators for monitoring HSE activities and promote benchmarking to identify areas for improvement,

Encourage employee participation and involvement in health, safety and environmental protection processes through training and creation of tools for sharing experience and knowledge.

This culture of risk prevention and control applies to all employees, partners and suppliers. It involves setting concrete objectives and deploying action plans as part of a continuous improvement process to better anticipate tomorrow's challenges. This policy is reviewed annually, as are the associated indicators and targets.

Antoine FORCINAL
Directeur Général,