AustriaEnergy International GmbH: News from November 27, 2023

AustriaEnergy International GmbH starts second offering phase for secured 8.00% Green Bond 2023/2028

Bond can now also be subscribed via company website; focus on production of green hydrogen and ammonia

Vienna, 27.11.2023 – AustriaEnergy International GmbH, an owner-managed, internationally active technology integrator and site developer for industrial wind and solar parks for the production of green hydrogen and ammonia exclusively from renewable energies, has decided to offer its secured 8.00% Green Bond 2023/2028 (ISIN: DE000A3LE0J4) with a volume of up to EUR 25 million for subscription again with immediate effect. As part of the public offer, interested investors can also submit their subscription applications via the company’s website (www.austriaenergy.com/en/greenbonds/) using a digital subscription form (minimum subscription: EUR 10,000). In addition, the Green Bond can also be traded on the Frankfurt Stock Exchange in denominations of EUR 1,000. The company has issued around EUR 2.6 million to date. Institutional investors are being approached in this second offering phase as part of a private placement. The funds raised from the placement of the secured Green Bond will be used to finance the further development of the sites in Chile, which is proceeding according to plan.

As an owner-managed, internationally active technology integrator and site developer in the fields of wind power, photovoltaics, green hydrogen/green ammonia and storage technology, the AustriaEnergy Group is successfully focussing on the renewable energy market in Chile. With a track record of around 1 GW, the company is one of the pioneers there in the areas of wind power and photovoltaics (active since 2013) as well as green hydrogen/green ammonia (active since 2019).

A decisive success factor is the selection and securing of suitable locations, as their number is limited and, for example, regional planning, nature and landscape conservation, aviation and other building regulations must be observed. AustriaEnergy stands out here thanks to its finely meshed, multi-stage assessment process prior to contractually securing the land. As a result, all photovoltaic sites in Chile to date have been successfully developed to ready-to-build status and sold. On average, AustriaEnergy achieved a multiple of 2.7 times DEVEX (development expenses excluding financing costs) on the sale of its wind and photovoltaic sites to date. Currently, the company has a contractually secured pipeline of around 9.6 GW in terms of securing land or concluding the necessary lease agreements. This is expected to generate a potential pro rata revenue of USD 150 million by the end of 2027.

The securities prospectus approved by the Commission de Surveillance du Secteur Financier (“CSSF”) and notified to the Austrian Financial Market Authority (“FMA”) and the German Federal Financial Supervisory Authority (“BaFin”) has been published on the website of AustriaEnergy International GmbH (www.austriaenergy.com/en/greenbonds/).

Key data of the secured Green Bond 2023/2028

Important note:
This publication is neither an offer to sell nor a solicitation of an offer to buy securities. The securities which are the subject of this publication were offered by the issuer exclusively in the Republic of Austria, the Federal Republic of Germany and the Grand Duchy of Luxembourg by way of a public offer. The public offer has ended. Outside the Republic of Austria, the Federal Republic of Germany and the Grand Duchy of Luxembourg, an offer will be made exclusively in the form of a private placement in accordance with the applicable exemption provisions.

In particular, the securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements.

Contact:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
089/8896906-25
linh.chung@better-orange.de