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White Owl Capital AG Company Profile May 2010
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White Owl Capital AG...© WHITE OWL CAPITAL White Owl Capital AG Company Profile May 2010

Jun 01, 2020

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Page 1: White Owl Capital AG...© WHITE OWL CAPITAL White Owl Capital AG Company Profile May 2010

© WHITE OWL CAPITAL

White Owl Capital AGCompany Profile

May 2010

Page 2: White Owl Capital AG...© WHITE OWL CAPITAL White Owl Capital AG Company Profile May 2010

© WHITE OWL CAPITAL

Specialized issuing house for closed-end investment fond companies with a primary focus on photovoltaic and sustainable investments

White Owl CapitalProfile

WOC in figures: 4.500 investors, EUR 380m investment volume, and EUR 110m equityManagement with experience from more than 60 transactions and more than EUR 2,8 bnSole PV-Initiator with own asset management company

WOC in figures: 4.500 investors, EUR 380m investment volume, and EUR 110m equityManagement with experience from more than 60 transactions and more than EUR 2,8 bnSole PV-Initiator with own asset management company

Page 3: White Owl Capital AG...© WHITE OWL CAPITAL White Owl Capital AG Company Profile May 2010

© WHITE OWL CAPITAL

White Owl CapitalLatest News

Establishment of WOC Asset Finance Feri EuroRating Top 3 „New Energy Award”Transparency: Interim Statement 2010Framework agreement with Gehrlicher exceeding EUR 280mScope Management RatingVGF-MembershipSigning of contracts: 11 MWp BailaderoSigning of contracts: 3,5 MWp MallorcaSigning of contracts: 11,2 MWp Spain Equity funds raised during in 2009 exceeding EUR 107m

Page 4: White Owl Capital AG...© WHITE OWL CAPITAL White Owl Capital AG Company Profile May 2010

© WHITE OWL CAPITAL

White Owl CapitalOrganisation

White Owl Capital AG

Trustee Conception Asset Finance

Investor Administration

Investor Relations

Ongoing Reporting

Investor Portal

Public Placements

Private Placements

Exclusive Fond Design

Project Accessabilitiy

Transaction Management

Project Finance

Contract Drafting

Service Provider for Fund Initiators

Page 5: White Owl Capital AG...© WHITE OWL CAPITAL White Owl Capital AG Company Profile May 2010

© WHITE OWL CAPITAL

White Owl CapitalResult of Placement 2009

Page 6: White Owl Capital AG...© WHITE OWL CAPITAL White Owl Capital AG Company Profile May 2010

© WHITE OWL CAPITAL

Economic Statement of the WOC GroupResults

The WOC-Portfolio comprises13 open space photovoltaic projects in Spain4 roof top photovoltaic projects in SpainVolume of approx. EUR 240.000.000

The ResultsACT-Purchase Price Multiplier 9,1 (Expected 9,5)ACT-Interests for Financing < 5% (Expected 5,75%)Preliminary Allocation of Dividends at WOC 01Investment activity at WOC 02 over target

Investment exceeding targetsInvestment exceeding targets

Page 7: White Owl Capital AG...© WHITE OWL CAPITAL White Owl Capital AG Company Profile May 2010

© WHITE OWL CAPITAL

White Owl CapitalExpertise in photovoltaic power plant financing(open space)

Solarpark Coreses (Spain), 4,3 MWCompleted January 2010

Page 8: White Owl Capital AG...© WHITE OWL CAPITAL White Owl Capital AG Company Profile May 2010

© WHITE OWL CAPITAL

White Owl CapitalExpertise in photovoltaic power plant financing(open space)

Solarpark Villamartin (Spain), 6,3 MWCompleted March 2010

Page 9: White Owl Capital AG...© WHITE OWL CAPITAL White Owl Capital AG Company Profile May 2010

© WHITE OWL CAPITAL

White Owl CapitalSolar Management

Florian PfefferTradesman (M.A.)

Director in Spain at Epuron SLChief of international project financefor Conergy AGFurther stages: Deutsche Bank, HypoVereinsbank, KPMG

Experience from more than 20 transactions of projects exceeding EUR 800m in SpainExpertise: 18 out of 20 were cross-border transactionsExisting data conclude to a long-term over performance

Experience from more than 20 transactions of projects exceeding EUR 800m in SpainExpertise: 18 out of 20 were cross-border transactionsExisting data conclude to a long-term over performance

Page 10: White Owl Capital AG...© WHITE OWL CAPITAL White Owl Capital AG Company Profile May 2010

© WHITE OWL CAPITAL

White Owl CapitalSolar Management

Dr. Christian von GerlachSolicitor, economist, salesman (M.A.)

Head of Structured FinanceQ-Cells InternationalAssistant chief Solar Energy Europe Origination HSH NordbankHaarmann Hemmelrath, Insolvency & Reconstruction

Experience from more than 40 transactions exceeding EUR 2 bn in volumeInternationale Expertise: 32 of 40 were cross border transactions

Experience from more than 40 transactions exceeding EUR 2 bn in volumeInternationale Expertise: 32 of 40 were cross border transactions

Page 11: White Owl Capital AG...© WHITE OWL CAPITAL White Owl Capital AG Company Profile May 2010

© WHITE OWL CAPITAL

WOC Nachhaltigkeitsfonds 03Factors for Success

Factors of Success for Solar Investments

Specialized Asset Management combined with long-term international experienceIdentification with and between competent partners (Gehrlicher, IBC, Solon)Involvement of technical experts (aBalados)Close cooperation with local law firms and accounting firmsRectified/linked interests of project partnersSound and thorough technical, tax and legal Due Diligence

Benefit from expertise and strong market presence of White Owl Capital.Benefit from expertise and strong market presence of White Owl Capital.

Page 12: White Owl Capital AG...© WHITE OWL CAPITAL White Owl Capital AG Company Profile May 2010

© WHITE OWL CAPITAL© 2009 White Owl Capital AG

Thank you very much for your attention!