Voltalia SA
Helexia and Voltalia join forces to reduce the electricity bill of corporate
clients
25-Sep-2019 / 23:24 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
· In addition to green electricity supply provided by Voltalia's
production facilities, Helexia offers to its clients the opportunity to
produce locally their own electricity from photovoltaic rooftops and
carports that the Company finances and installs
· Already present in five countries, Helexia will accelerate its
international deployment by leveraging Voltalia's other locations
· Voltalia extends its range of integrated offers and creates a green
energy one-stop shop for corporate clients. It enables its clients to
benefit from the decrease in the cost of renewable energy by providing
energy management solutions and energy efficiency programs
Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player
in renewable energies, successfully finalizes the acquisition of Helexia,
solar rooftop pioneer and service provider in the field of energy.
«With the reduction in the costs of renewable energies, Voltalia offers
green electricity at competitive and guaranteed prices over the long term to
corporate clients. Voltalia is a pioneer with the recent signing in France
of corporates PPAs providing for long-term non-subsidized solar electricity:
a first in the country! We want to go further by offering businesses a
complete solution ranging from green electricity supply to energy efficiency
and energy management services. By joining forces, Helexia and Voltalia are
now able to do so. I welcome each of the 75 members of the Helexia team. I
salute their pioneering role over almost a decade, their entrepreneurial
culture and their technical skills», comments Sébastien Clerc, CEO of
Voltalia.
«Offering a competitive supply of electricity through the grid thanks to the
renewable plants developed by Voltalia, in addition to our self-consumption
solar rooftop solutions and energy saving services, Helexia will better
serve its present and future customers. The entire Helexia team looks
forward to working with Voltalia to achieve our common ambitions, in our
historic European markets as well as in countries, notably emerging, where
Voltalia is already present» says Nicolas Mayaud, CEO of Helexia.
A comprehensive offering servicing a new market
Many Companies today want to take the turn of the Energy transition. The
interests are multiple: reduce the electricity bill (reducing consumption
and accessing to cheaper electricity sources), adopt a committed approach to
CSR, enhance brand image.
This approach requires the use of several levers, ranging from simple
behavior change to the construction of a dedicated power plant, through the
implementation of high-performance equipment to meet the main uses (hot
cold, lighting, ...). In this context, it is vital to rely on experienced
and reliable partners, capable of understanding the client's needs, respond
to them through a complete range of efficient and innovative technical
solutions, and ultimately invest on behalf of the client. This is the value
proposition of the integrated offer by Voltalia and Helexia.
Value creation perspectives
Voltalia has a recognized know-how in contracts for the direct purchase of
electricity by companies (corporate PPAs), with 211 MW secured with private
customers since the beginning of 2019. The Group has notably signed the
first (Boulanger, 5 MW) and the largest (SNCF, 143 MW) corporate PPA in
France. The acquisition of Helexia will enable to reinforce its commercial
reach with new clients and expand the offered range of services.
In addition to these commercial synergies, the two companies have identified
other synergies such the mutualizing of the supervision of power plants, the
optimization of O&M costs and economies of scale throughout the supply
chain. Finally, Helexia will establish itself in some of countries where
Voltalia is already present.
Helexia, a solar pioneer and a reference player with a strong proximity to
corporates
In less than 10 years, Helexia has become a major player in large solar
rooftops and energy management, thanks to the talent of its 75 employees and
the recognition of its customers in the industry and services sectors.
The Helexia Group has a solid base of partners. For example, Helexia has
deployed its solutions for Veolia, Klepierre or Remitrans. In addition,
c.30% of its activity is generated from photovoltaic installations located
on buildings and car parks owned by retailers whose majority shareholder is
the Mulliez family: Auchan, Decathlon, Leroy-Merlin, Boulanger ... All of
these historic partners, as well as new prospects, represent a remarkable
growth potential, as solar becomes more competitive than conventional
energies.
With 241 photovoltaic plants on rooftops[1] installed and under
construction, representing a capacity of 67.4 MW in 5 main countries
(France, Belgium, Italy, Portugal, Spain), Helexia has a great know-how and
an excellent track record.
Helexia's consolidated revenues is growing strongly: + 38% per year on
average over the 2013-2018 period. In 2018, it has reached more than 14
million euros, with an EBITDA margin of 49%. Its revenues are mainly backed
by long-term electricity sales contracts, with a residual maturity of around
16 years at the end of 2018.
Since its creation, Helexia has invested 122 million euros and at December
31, 2018 its net tangible assets and net debt amounted to 102 million euros
and 88 million euros respectively.
Transaction details
Voltalia acquired Helexia shares from Creadev (Mulliez family), Voltalia's
majority shareholder. The transaction was approved today by Voltalia's Board
of Directors without representatives of Creadev or the Mulliez family taking
part in the vote. Based on the twenty-sixth resolution of the shareholders'
general meeting of May 24, 2018, the Board has approved the terms of the
transaction with no representatives of Creadev taking part in the vote.
The acquisition is remunerated by the issuance of 5,452,829 new shares of
Voltalia SA[2], at a unit price of EUR 10.10 for the acquisition of 97.55%
of the shares, and a cash supplement for the balance. The total value paid
for 100% of the shares of Helexia is approximately 56.6 million euros.
Consequence of the transaction on the number of shares and voting rights:
Before the After the transaction
transaction
Number % of Number Nombre % of Number of
of share of d'actio share voting rights
shares capital voting ns capital
rights
Creadev 62 744 69,85% 78,16% 68 197 71.58% 79.08%
407 236
Example 898 249 1.00% 0.72% 898 249 0.94% 0.69%
of a
shareho
lder
holding
1% of
the
share
capital
for
less
than 2
years
The purchase price and the terms and conditions of remuneration were the
subject of reports prepared by Ledouble and JPA, independent contribution
auditors appointed in June 2019 by the President of the Paris Commercial
Court.
In accordance with the applicable laws, the report of the statutory auditors
on the value of the contribution was filed with the Commercial Court of
Paris on September 16, 2019.
About Voltalia ( www.voltalia.com [1])
Voltalia is an international player in the renewable energy sector. The
Group produces and sells electricity generated from wind, solar, hydraulic,
biomass and storage facilities that it owns and operates.
Voltalia is also a service provider and supports its investor clients in
renewable energy projects during all phases, from design to operation and
maintenance.
Voltalia has generating capacity in operation and under construction of more
than 1 GW and a portfolio of projects under development representing total
capacity of 7.1 GW, of which 0.6 GW is secured.
The Group has 697 employees and is present in 18 countries on 4 continents
and is able to act worldwide on behalf of its clients.
Voltalia is listed on the regulated market of Euronext Paris, compartment B
(FR0011995588 - VLTSA) and is part of the Enternext Tech 40 and CAC Mid &
Small indices. The Group is also included in the Gaïa-Index, an index for
socially responsible midcaps.
Voltalia Actifin
Investor Relations: Press Contact: Jennifer Jullia
invest@voltalia.com
jjullia@actifin.fr
+33 (0)1 81 70 37 00
+33 (0)1 56 88 11 11
=---------------------------------------------------------------------------
[1] Solar rooftops on large buildings (large commercial areas, warehouses,
industrial buildings ...) and solar carports (structures located on a car
park which protect the vehicles of the sun and the rain)
[2] Representing a lower number than the maximum number of shares to be
issued (5,509,407) initially considered and indicated in section 11.5 of the
prospectus number 19-290 approved by the Autorité des marchés financiers on
June 21, 2019.
Regulatory filing PDF file
Document title: pdf-VEN
Document: http://n.eqs.com/c/fncls.ssp?u=IDMWGGJAWA [2]
September 25, 2019 17:24 ET (21:24 GMT)
Language: English
Company: Voltalia SA
84 boulevard de Sébastopol
75003 Paris
France
E-mail: invest@voltalia.com
Internet: www.voltalia.com
ISIN: FR0011995588
Euronext VLTSA
Ticker:
AMF Category: Inside information / Issuer activities (acquisitions,
sales...)
EQS News ID: 880211
End of Announcement EQS News Service
880211 25-Sep-2019 CET/CEST
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(END) Dow Jones Newswires
September 25, 2019 17:24 ET (21:24 GMT)
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