Saeta Yield boosts EBITDA by 39% to EUR 60 million

  • The Board of Directors of Saeta Yield approved a dividend of EUR 0.1967 per share (equivalent to approximately EUR 16 million), payable on 29 May
  • This new dividend is in addition to the amount paid to shareholders in the first quarter, also of EUR 16 million
  • The Company increased cash flow from operating assets by 18% up to EUR 49 million
  • The Company multiplied net profit six-fold, relative to the same period in 2017, to EUR 7.8 million
  • The favourable results reflect the success of the strategy that the Company initiated last year to generate value and internationalise with purchases in Uruguay and Portugal
Read More

Saeta Yield boosts revenue by 19% to EUR 333 Million, and EBITDA by 22% to EUR 242 Million

  • José Luis Martínez Dalmau, Chairman of Saeta Yield: “We have concluded an exceptional year with outstanding results and we have demonstrated the strength of a platform and a team capable of generating profitability and value for our shareholders in a distinctive way”
  •  The Company increased cash flow from operating assets by 84%, to EUR 79 million, a key component of its dividend policy
  •  In 2017, the dividend paid by Saeta Yield totalled EUR 62 million, an increase of 4% from the previous year
  •  Net profit reached EUR 36.5 million, up 22% from 2016
  •  In 2017, Saeta Yield successfully completed its first international purchases in Uruguay and Portugal; international assets now will account for 23% of the overall portfolio
Read More

Saeta Yield increases revenues by 22% up to 157 million euros, and EBITDA by 24% up to 110 million euros

Saeta Yield reinforced its consistent and growing dividend policy in the first half of the year after recording a 37% increase in the Cash flow of its operational assets, according to results approved by the Board of Directors chaired by José Luis Martínez Dalmau. This increase in Cash flow, the key variable for defining the Company’s dividend payment, was due to a significant increase in income and EBITDA, 22% and 24% respectively. The Company intensified its profitable growth strategy and the diversification of geographic risk through the purchase of two wind farms in Uruguay, finalised last May, and the announcement of the acquisition agreement of Lestenergia in Portugal.

Read More

Saeta Yield agrees to acquire Lestenergia from Grupo ACS for EUR 104 million

Saeta Yield has reached an agreement with ProCME, a Portuguese subsidiary of Grupo ACS, to acquire 100% of Lestenergia, a portfolio of 9 operating wind farms located in Portugal with a total installed capacity of 144MW. The total cash consideration for the acquisition is c. EUR 104 million (representing a total enterprise value of EUR 186 million). The transaction will be funded from Saeta Yield’s available liquidity. It is expected to close before year end. This is the second international transaction by Saeta Yield in 2017, following the acquisition last May of Carapé I and II in Uruguay. This makes the company advance on its international growth strategy, and reduces the dependency from Spain in terms of revenues.

Read More

Saeta Yield approves its second quarterly dividend for 2017 for the sum of 0.189 euros per share

The Saeta Yield Board of Directors, chaired by José Luis Martínez Dalmau, today agreed on the payment of a dividend charged to the share premium for the sum of 0.189 euros per share. So far this year, the Company has approved a dividend for the sum of 0.57 euros per share, 4.8% higher than the same dividend for 2016. This dividend, which on an annualised basis would be at an implicit figure of around 0.76 euros per share, is 8% higher than the initial dividend expected by Saeta Yield on its flotation in February 2015.  The purchase of the wind farms Carapé I and II in Uruguay and the refinancing of the Manchasol 2 solar thermal plant last May has made this growth possible.

Read More

“In one year, 40% of Saeta Yield’s income will be obtained from overseas assets”

The CEO of Saeta Yield, José Luis Martínez Dalmau, yesterday stated during the company’s General Shareholder’s Meeting held in Madrid that “in one year, 40% of Saeta Yield’s income will be obtained from overseas assets”, compared with 10% currently, in order to diversify its activities internationally. Saeta Yield launched its international expansion in May with the acquisition of the wind farms Carapé I and II in Uruguay for some $65 million, which was also its first purchase of third party assets. It now intends to continue to buy assets in countries like Portugal, Mexico and Uruguay, where it has access to various options through a right of first offer (RoFO) with its sponsors, ACS and Bow Power. It is also not ruling out new third party purchases.

Read More

Saeta Yield to acquire Carapé I and II Wind Power Facilities in Uruguay

Saeta Yield has reached an agreement with Corporación America and Grupo San José to acquire 100% of Carapé I and II, two operating wind farms for a total cash consideration of c. USD 65 million. This agreement is subject to condition precedents being met. The acquisition will be funded with available liquidity and is expected to close in the first semester of 2017.

Read More