SDCL Energy Efficiency Income Trust PLC

Latest Results (07.08.2024):

Revenue Performance

SDCL Energy Efficiency Income Trust PLC reported that the revenue for the third quarter of 2023 was below expectations due to lower customer loads, which were impacted by unusually mild weather conditions and revisions to business plans of a few tenants. Despite this, the company remains focused on operational cost savings to mitigate the impact on EBITDA.

EBITDA Outlook

The aggregate EBITDA of SDCL Energy Efficiency Income Trust PLC's six largest investments is expected to exceed the aggregate budget for the third quarter of 2023. However, specific projects like RED-Rochester and Onyx Renewables have faced challenges that may affect their individual EBITDA contributions.

Dividends

SDCL Energy Efficiency Income Trust PLC has maintained its dividend policy, reflecting confidence in its long-term cash flow generation. The company continues to prioritize stable and growing dividends for its shareholders, supported by its diversified portfolio of energy efficiency projects.

Investment and Valuation

During the third quarter of 2023, SDCL Energy Efficiency Income Trust PLC invested approximately £16 million in ongoing projects, with an additional £10 million invested since the end of the period. The valuation of key projects like RED-Rochester and Onyx Renewables remained broadly flat, adjusting for factors such as FX, operating costs, and discount rates.

Future Outlook

SDCL Energy Efficiency Income Trust PLC remains optimistic about its future growth prospects, driven by strong demand for energy efficiency solutions. The company is actively working on pipeline development and new customer acquisition to secure future revenue streams, despite short-term challenges in project permitting and operational performance.