May 22 2024 - Capital Markets Day 2024 May 01 2024 - FDE issues a new EUR 60 million green bond to develop its low-carbon energy production in Norway and Europe
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FRANCAISE ENER.
FR0013030152 LFDE
EURONEXT PARIS
Reuters LFDE.PA – Bloomberg LFDE.FP

39.00 EUR
1.30%

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La Française de l’Énergie PEA eligible

President’s word

Julien Moulin
Executive chairman
La Française de l’Energie

Hello,

There is a lot we can – and must – do to make our world less energy-consuming and more climate-friendly.

Our group, FDE, develops sustainable local solutions to tackle climate change by multiplying small and medium size decentralized energy production sites. FDE therefore supply gas, liquefied biogas, power, heat and bio-CO2 to local consumers while continuing to create hydrogen and carbon storage solutions.

FDE continues to develop as a rare blend of innovation and operational capabilities combined with financial agility dedicated to generating positive impacts to its various stakeholders.

Ecologically and economically competitive, the innovative solutions that our team develop are therefore at the heart of the ecological transition.

But the impact of our activity goes beyond providing local energy. FDE launched over a decade ago a pioneer impetus to make our territories more resilient, more self-sufficient to encourage a sustainable and positive industrial eco-system in the regions where we operate.

FDE is already carbon negative, directly avoiding every year over 3 million tons of CO2eq emissions in France and Belgium. FDE has built the first integrated Liquefied biogas and bio-CO2 plant in the world.

These are just two out of our long list of outstanding achievements over the years.

My commitment is that FDE will continue to focus on delivering on its promises with the aim to provide an affordable and reliable supply of cleaner energy in every region where our group operates.  

Negative carbon footprint energy producer

  • More than 3.5 million tons of CO2eq are currently avoided every year due to 22.5 MW installed cogeneration capacity.
  • A recognized ESG policy: Gaia Rating (Ethi Finance). European SME leader in energy industry for 6 years.
  • Green bond
    The issue of three green bonds of 40 million, 20 million and 60 million euros, confirm FDE’s positioning on low-carbon energy solutions and its role in the energy transition. The use of this green bond is controlled by the Green Bond Framework and was certified by Ethi Finance via a second party opinion.

 *1.4 million tons are certified – Sources: Ineris Certification 2019 updated with global warming potential of 82.5 (AR6 – GIEC) and including Bethune site (FDE extrapolation). Study 2022 Polytechnic University of Mons.

With an energy solutions portfolio used all over Europe

  • Portfolio including:
    – Gas,
    – Electricity,
    – Heat,
    – CO2,
    – Hydrogen
  • Present in 4 countries:
    – France,
    – Belgium,
    – UK,
    – Norway
  • Exclusive gas reserves production permits in 3 area:
    – Hauts-de-France,
    – Grand Est (France),
    – Anderlues (Belgium)

Supported by industry leading partners

Business partners

Financial partners

Strong core of French and international shareholders

Including family offices and first tier institutions, and individual investors

17%
Historical investors

Eberle-Labuyere Family
Michaud Family
Lorenceau Family

19%
Management and employees

 

14%
Individual investors

50%
Institutions

Source : Euronext au 30/06/2023

Healthy and profitable growth

Turnover

EBITDA

Operating income

Net Profit

Strong financial capacity (June 30, 2023) allowing to support its objectives:

GROSS
INVESTMENT

10,3 M€

EQUITY*

74,0 M€

AVAILABLE CASH

43 M€

NET DEBT
RATIO

34 %

* Net group share

Our 2026 Fy ambitions 

Revenue 100 M€

EBITDA > 50 M€

CO2 > 10 M

tons of CO2eq emissions avoided per year.

Wide coverage by pan-European analysts

BUY

Target Price: 59€
March 2024
Analyst:
cornelis.kik@ha-ib.de*

BUY

Target Price: 78€
May 2024
Analyst:
vnikolova@midcap.com*

BUY

Target Price: 55€
April 2024
Analyst:
anis.zgaya@oddo-bhf.com*

BUY

Target Price: 113€
April 2024
Analyst:
anish@hannam.partners*

* Recherche sponsorisée