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2020/2021 Q3 Revenue

27 April 2021

Q3 2021 revenues up by 61%

Additional income generated from two new production sites

Positive dynamic in gas prices confirmed

 

Pontpierre, France, April 27, 2021 – La Française de l’Énergie (Euronext: LFDE – ISIN: FR0013030152), producer of energy with a negative carbon footprint, reported sales for the first nine months of fiscal year 2021 of € 7.3 million, up by + 18%, mainly driven by a further improvement in volumes, the contribution from new low-carbon energy production sites, and the ongoing increase in gas prices.

 

In €K (Euros thousand) 2021* 2020 % change
H1 Sales (Jul-Dec)  4 020  4 180 – 4%
Q3 Sales (Jan-Mars) 3 290 2 042 + 61%
Year to date Sales

(9 months)

 7 310 6 222 + 18%

* Unaudited numbers

 Increase in revenues across all activities of the Group

Revenues from electricity reached € 4.7 million at the end of March 2021, up by 3% compared to the first 9 months of FY2020. This increase reflects the ongoing optimal production on the Group’s historic sites, despite the start of the 30,000 hours maintenance on the machines installed in France, and the new positive contribution from the Béthune site commissioned in January 2021 (€ 274k revenues this quarter). The upturn in Belgium electricity prices with an average selling price of 40.9 € / MWH (+ 20%) also supports the revenue generation in Wallonia, which now represents 10% of the Group’s turnover. In France, the Group continues to benefit from a guaranteed Feed-in-Tariff, thus securing 55% of its total revenues.

Over these first 9 months of the financial year, the gas production activity posted a turnover of € 2.5 million, up by 52% ??compared to last year, thanks to a significant increase in its volumes (+ 36%).

The rise in gas prices was also accentuated over this quarter with the gradual recovery of economic activity in Europe, leading to a 34% increase in the average selling price compared to the previous quarter, therefore reaching € 17.7 / MWH in Q3 2021.

Positive contribution from the new Béthune and Creutzwald sites

The Bethune project started gas, power and heat production in January 2021. Combined with the contribution from the largest solar thermal power plant connected to a heating network in Creutzwald, it allowed the Group to secure this quarter € 421,000 of additional sales, backed by long term contracts at fixed price.

Outlook confirmed for FY 2021 and 2022

Over the coming months, the Group will continue to strengthen its unique positioning through the deployment of new local low-carbon energy solutions in France and Belgium.

In accordance with its development plan, LFDE confirms the installation of 5 new 1.5 MW cogeneration units in Avion and Anderlues this summer (3 MW in Hauts-de-France and 4.5 MW in Wallonia).

The Group has also submitted additional documentation to obtain the necessary administrative authorisations for 7 new sites; the other preparation works (geological studies, land and connection pre-study in particular) have already been conducted to allow for a rapid installation of these new sites once authorisations are obtained. The first batch of authorisations are expected to be granted before the end of the 2021 calendar year.

In Lorraine, LFDE is finalizing, by end of June 2021, its feasibility study on the carbon-free hydrogen production made out of coal seam gas. In addition, studies and tests to transform Lorraine coals into important carbon sinks, store CO2 and thus offer an additional decarbonization option for the Moselle region continues to progress with the support of the GeoRessources laboratory (University of Lorraine and CNRS).

Finally, on the solar business, the Group has finalized the review of calls for tenders for supplies for its 15 MW photovoltaic project and plans to start construction of its first ground-based photovoltaic plant by the end of 2021.

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

 

Next announcement:

July 20th, 2021 – FY 2021 Sales

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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,