7C Solarparken AG: plans to increase dividend to EUR 0.12/share over 2022

Bayreuth (pta008/01.03.2023/08:30 UTC+1)

7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) today releases its updated investor presentation, confirming the guidance for the year 2022 with EBITDA and CFPS of EUR 70 Mio and EUR 0.70/share. Full-year figures will be announced on April 5, 2023. However, management announces today it intends to propose a dividend increase from EUR 0.11 last year to EUR 0.12 payable this year to the annual meeting. The increase reflects both the strong figures over 2022 and a positive outlook for 2023-24 in spite of the announced price caps in Belgium and Germany.

In its investor presentation the company also highlights the main items on the management's agenda for the full-year 2023:

• Achieve grid connection before Q4 2023 of IPP Portfolio projects, totaling 24 MWp currently under construction or awaiting grid connection
• IPP Portfolio to grow to 460 MWp (2023) resp. 525 MWp (2024)
• Re-Finance a first tranche of EUR 15 Mio Promissory Notes which have expired in Feb '23
• Continue to develop the companies' pipeline of large PPA/merchant projects: two projects of 17 MWp and 80 MWp have just obtained their grid connection approval.
• Replicate the auto-consumption PPA model from Belgium into Germany
• Strategic review to build a 1 GW platform before 2030 considering M&A and partnerships

Steven De Proost, CEO of 7C Solarparken, comments: "2022 has been a remarkable year with record results thanks to high power price, but unfortunately it was also characterized by a return to regulatory uncertainty. High power prices eventually caused strong inflation that is now finding its way into the financial markets through higher interest rates. Given that >99% of our loans carry a fixed interest rate, the effect on our cash flows is negligible but growth will indeed come at a larger cost of capital."

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Emitter:	7C Solarparken AG An der Feuerwache 15 95445 Bayreuth Germany
Contact Person:	Koen Boriau
Phone:	+49 921 230557-77
E-Mail:	info@solarparken.com
Website:	www.solarparken.com
ISIN(s):	DE000A11QW68 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate
Other Stock Exchanges:	London