AIM Italia - Ernesto Mocci - Methorios Capital

Fintel EnergiaProject Output kWp Type Start of Activity Current progressFintel EnergiaPollenza Solar II 4435 Photovolltaic 2H 2009 Plant in constructionGroup SpaPositive environemental assessment, waitingMonte San Giusto Solar I 6680 Photovolltaic 2H 2009construction authorisationGiulo I 200 Wind 2H 2009 Wind farm currently in constructionGiulo II 200 Wind 2H 2009 Wind farm currently in constructionti51%AgronergiePositive environemental assessment, waitingEnergogreenMinieolicaSocietà Agricola 100% 51%Morrovalle Solar I 745 Photovolltaic 2H 2009Auto SrlMarchigiana Srlconstruction authorisationSrlMorrovalle Solar II 1382 Photovolltaic 1H 2010 Plant in constructionColbuccaro Solar I 746 Photovolltaic 1H 2010 Presented project to the province of MacerataColbuccaro Solar II 991 Photovolltaic 1H 2010 Presented project to the province of Macerata51% Civita Energy Srl 100%Fintel EnergijiaColbuccaro Solar III 991 Photovolltaic 1H 2010 Presented project to the province of Macerata51% Pollenza Sole SrlADColbuccaro Solar IV 449 Photovolltaic 1H 2010 Presented project to the province of MacerataColbuccaro Solar V 449 Photovolltaic 1H 2010 Presented project to the province of MacerataPotenza Picena Solar I 7980 Photovolltaic 1H 2010 Presented project to the province of Macerata51% Energogreen Srl 99%Potenza Picena Solar II 2640 Photovolltaic 1H 2010 Presented project to the province of MacerataFintel Toscana75% Territorio Srl Potenza Picena Solar III 449 Photovolltaic 1H 2010 Presented project to the province of MacerataSrlTerme dell'Aspio 991 Photovolltaic 1H 2010 Project in authorisation phaseCivitanova Solar I 991 Photovolltaic 2H 2010 Presented project to the municipality of CivitanovaVecchietti I 20 Photovolltaic 1H 2010 Operating since 21 June 201051% Energogreen Srl 51%Fintel UmbriaMK Fintel Wind Toscana Sole 43 Photovolltaic 1H 2010 Waiting connection to network54%SrlAD Progetti per conto terzi 1200 Photovolltaic 1H 2010 Project in planningProgetti per conto terzi 131 Photovolltaic 1H 2010 Project in planningSource: Company financials 1H 2010 Source: Company financials 1H 2010‣ Revenues for the group for 2010 were € 55.0 mln, that was a decline in comparison to 2009, where revenues wererecorded at € 56.8 mln. This was mostly due to a decline in the volume in sales of natural gas and the decline in theaverage price.‣ Despite a decline in cost of materials, margins fell due to an increase in the cost of services. This was a result of anincrease in advisory services from new projects.‣ Overall for the year 2010 the company recorded a net loss of € 1.8 mln, down on the net loss for 2009 of €140,000.41