RE Royalties Announces Third Quarter 2024 Financial Results and Highlights
RE Royalties Announces Third Quarter 2024 Financial Results and Highlights
Quarterly revenue and income for the three months ended September 30, 2024, of $1,692,000, a decrease of $221,000 or 12% over the similar quarter in the prior year. The decrease was due to lower finance income as a result of early repayment of loans from clients during the quarter.All amounts in Canadian dollars unless otherwise stated
除非另有说明，否则所有金额均为加元。
VANCOUVER, BC / ACCESSWIRE / December 4, 2024 / RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF) ("RE Royalties" or the "Company"), a global leader in renewable energy royalty-based financing, is pleased to announce the financial results for the third quarter ended September 30, 2024 ("Q3 2024"). For further information on these results please see the Company's Condensed Consolidated Interim Financial Statements and Management's Discussion and Analysis for Q3 2024, filed on SEDAR+ at .
温哥华，BC / ACCESSWIRE / 2024年12月4日 / RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF)（"RE Royalties"或"公司"），作为全球可再生能源基于特许权的融资领导者，高兴地宣布截至2024年9月30日的第三季度财务结果（"2024年第三季度"）。有关这些结果的更多信息，请参见公司在SEDAR+提交的《简明合并中期财务报表》和《管理讨论与分析》。
Key financial highlights for Q3 2024 include:
2024年第三季度的关键财务亮点包括：
Quarterly revenue and income for the three months ended September 30, 2024, of $1,692,000, a decrease of $221,000 or 12% over the similar quarter in the prior year. The decrease was due to lower finance income as a result of early repayment of loans from clients during the quarter.
截至2024年9月30日的三个月季度收入和收入为1,692,000美元，与去年同期相比减少221,000美元或12%。减少的原因是由于客户在该季度提前偿还贷款，导致财务收入降低。
Year-to-date revenue and income for the nine months ended September 30, 2024, of $6,157,000, a decrease of $1,018,000 or 14% over the similar period in the prior year. The decrease was as a result of a one-time royalty buyout in the prior year of $1,564,000, which was not applicable in the current period.
截至2024年9月30日的九个月累计收入和收入为6,157,000美元，与去年同期相比减少1,018,000美元或14%。减少的原因是去年一次性的特许权买断为1,564,000美元，而当前期间并未涉及此项费用。
Quarterly gross profit, including changes in fair value of financial assets, of $1,587,000, a decrease of $218,000 or 12% over the similar quarter in the prior year.
季度毛利润，包括金融资产公平价值变动，达到1,587,000美元，与去年同期相比减少218,000美元或12%。
Year-to-date gross profit, including changes in fair value of financial assets, for the nine months ended September 30, 2024, of $5,849,000, a decrease of $1,095,000 or 16% over the similar period in the prior year.
截至2024年9月30日的九个月累计毛利润，包括金融资产公平价值变动，为5,849,000美元，与去年同期相比减少1,095,000美元或16%。
Quarterly Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA")1 for the three months ended September 30, 2024 of $1,038,000, an increase of $2,641,000 over the similar quarter in the prior year. This increase was the result of a $3,078,000 provision for expected credit loss in the prior year quarter, which was not applicable during the quarter. This provision also had a negative impact to the prior year-to-date EBITDA, prior year quarterly net loss, and prior year-to-date net loss (below).
截至2024年9月30日的季度息税折旧摊销前利润（"EBITDA"）为1,038,000美元，较去年同期增加2,641,000美元。这一下降是因去年同期为3,078,000美元的预期信用损失准备金，而在本季度没有相关准备金的影响。这项准备金也对去年的累计EBITDA、去年的季度净亏损和去年的累计净亏损造成了负面影响（如下所示）。
Year-to-date Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA")1 for the nine months ended June 30, 2024 of $3,359,000, an increase of $1,461,000 or 77% over the similar period in the prior year.
截至2024年6月30日的九个月内，息税折旧及摊销前利润（"EBITDA"）为$3,359,000，比去年同期增加$1,461,000，增长率为77%。
Quarterly net loss after income tax for the three months ended September 30, 2024 of $195,000, compared to a quarterly net loss after tax of $2,769,000 in the similar quarter in the prior year.
截至2024年9月30日的三个月内，扣除所得税后的季度净亏损为$195,000，相较于去年同期的季度净亏损为$2,769,000。
Year-to-date net loss after income tax for the nine months ended September 30, 2024 of $193,000, compared to a year to date net loss after income tax of $1,089,000 in the similar period in the prior year.
截至2024年9月30日的九个月内，扣除所得税后的年度净亏损为$193,000，相较于去年同期的年度净亏损为$1,089,000。
Cash and cash equivalents of $18,442,000, including restricted cash, as of September 30, 2024.
截至2024年9月30日的现金及现金等价物为$18,442,000，包括受限现金。
Key business highlights for Q3 2023 up to today include:
截至今天2023年第三季度的主要业务亮点包括：
In August and November 2024, the Company completed a brokered and non-brokered private placement of Series 4 Green Bonds and issued an aggregate of 5,879 Canadian dollar denominated Green Bonds for aggregate gross proceeds of $5,879,000 and 340 United States dollar denominated Green Bonds for aggregate gross proceeds of US$340,000.
在2024年8月和11月，公司完成了一项由经纪商安排和非经纪商安排的定向增发，发行了总额为5,879加币的系列4绿色债券，和340美元的绿色债券，总筹资额为$5,879,000和US$340,000。
In September 2024, the Company was recognized by the Globe and Mail for the second time as one of Canada's Top Growing Companies. The Company was ranked No. 136 on the 2024 Report on Business magazine's ranking and earned its spot with three-year revenue growth of 314%.
在2024年9月，公司被《环球邮报》第二次评选为加拿大成长最快的公司之一。公司在2024年《商业报告》杂志的排名中位列第136，凭借三年营业收入增长314%而赢得这一位置。
In November 2024, the Company entered into an agreement with Abraxas Power Maldinvest Ltd., a wholly-owned subsidiary of Abraxas Power Corp., an Ontario-based energy transition developer, to provide up to $10 Million secured loan (the "Abraxas Loan") to support the construction of solar projects in the Maldives. The first tranche of $1.4 Million was advanced in mid November for the construction of two rooftop solar projects (the "Projects") with a combined generation capacity of 0.77 MWDC. The Projects are located at a hospital in Malé, the capital of the Maldives, and an island resort, approximately 50km north of Malé. They will generate revenue from power purchase agreements ("PPAs") for a term of up to 15 years. The Abraxas Loan will have an 18-month term and an interest rate of 13% per annum on advanced funds, compounded monthly. The Company will receive a gross revenue royalty of 2.0% on the Projects for the term of the PPAs.
在2024年11月，公司与Abraxas Power Maldinvest Ltd.（一家全资子公司，属于安大略省的能源转型开发商Abraxas Power Corp.）签署了一项协议，提供高达$1000万的担保贷款（"Abraxas贷款"），以支持在马尔代夫进行太阳能项目的施工。第一笔$140万的资金于11月中旬用于两个屋顶太阳能项目（"项目"）的建设，总发电能力为0.77 MWDC。项目位于马尔代夫首都马累的医院和马累北约50公里的一个岛屿度假村。它们将通过电力采购协议（"PPA"）在最长15年的期限内产生营业收入。Abraxas贷款的期限为18个月，已拨付资金的年利率为13%，并按月复利。公司将在项目的PPAs期限内获得2.0%的总营业收入特许权使用费。
In November 2024, the Company entered into an agreement with a wholly-owned subsidiary of SolarBank Corporation, an independent renewable energy project developer and owner, focusing on distributed and community solar projects in Canada and the United States, to support the construction of three 4.99 MW Battery Energy Storage System ("BESS") projects to be located in Ontario, Canada. The BESS have long term contracts with the Ontario Independent Electricity System Operator under the E-LT1 program. The Company provided a secured loan of $3.0 Million with a 12-month term at an interest rate of 11% per annum. The Company also received a 0.40% royalty on the gross revenues generated for the life of the BESS, estimated at 20 years. The royalty rate will be reduced to 0.25% if the Loan is repaid within the first six months.
2024年11月，公司与SolarBank Corporation的全资子公司签署了协议，该公司是一家独立的可再生能源项目开发商和拥有者，专注于在加拿大全国和美国的分布式和社区太阳能项目，以支持在加拿大安大略省建设三个功率为4.99 MW的电池能源存储系统（"BESS"）项目。BESS与安大略省独立电力系统运营商在E-LT1计划下签订了长期合同。公司提供了300万加币的担保贷款，期限为12个月，年利率为11%。公司还将获得在BESS生命周期内产生的毛收入的0.40%的特许权使用费，预计为20年。如果贷款在前六个月内偿还，特许权使用费率将降至0.25%。
In November 2024, the Company settled the outstanding loans with Switch Power Battery Operating Company ("SPOBOC") and with Switch Power Solar Operating Company ("SPOSOC"). Under the terms of the settlement the Company will retain the shares of SPOBOC and SPOSOC in full and final satisfaction of the outstanding debt. SPOBOC and SPOSOC became wholly owned subsidiaries of the Company. The Company currently owns and operates nine operating battery storage projects totalling 5.3MW/12.3 MWh, and a single operating 428 kWdc rooftop solar project in Ontario, Canada.
2024年11月，公司与交换机-云计算电池运营公司（"SPOBOC"）和交换机-云计算太阳能运营公司（"SPOSOC"）解决了未偿还贷款。根据和解条款，公司将完全保留SPOBOC和SPOSOC的股份，以完全和最终清偿未偿还债务。SPOBOC和SPOSOC已成为公司的全资子公司。公司目前拥有并运营九个电池存储项目，总容量为5.3MW/12.3 MWh，以及一个位于加拿大安大略省的单一运营428 kWdc屋顶太阳能项目。
In December 2024, the Company entered into an agreement with Alpin Solar SA, a German-Romanian renewable energy company focused on the development, construction and operation of solar power plants globally. The Company provided a secured loan ("Alpin Loan") to support a $6.3 million letter of credit ("LC") on behalf of Alpin to meet their security requirement with the Alberta Electricity System Operator for the 200 megawatt Sol Aurora Project located in Sturgeon County, Alberta, Canada. The Alpin Loan carries an annual interest rate of 13% with an initial term of 12 months. The Company will also receive a gross revenue royalty of $0.25 per MWh of energy production from the Sol Aurora Project for the life of the project.
2024年12月，公司与Alpin Solar SA签署了协议，这是一家专注于全球太阳能电站开发、施工和运营的德罗公司。公司提供了担保贷款（"Alpin Loan"），以支持为Alpin提供的630万加币的信用证（"LC"），以满足他们与阿尔伯塔电力系统运营商在200兆瓦Sol Aurora项目中的担保要求，该项目位于加拿大阿尔伯塔省Sturgeon County。Alpin Loan的年利率为13%，初始期限为12个月。公司还将从Sol Aurora项目的能源生产中获得每MWh 0.25加币的毛收入特许权使用费，期限为该项目的生命周期。
"Since our last quarterly update, our team has made tremendous progress with the completion of 3 new investments, deploying over $10.7 million with existing and returning clients. We would like to thank the Series 4 Green Bondholders for their continued support on another successful capital raise, and with our existing cash on hand and near term backlog of opportunities under evaluation, we will continue to grow our revenue and income, EBITDA, and cash flows over the coming quarters," said Bernard Tan, CEO.
“自从我们上一次季度更新以来，我们的团队在完成3项新投资方面取得了巨大的进展，已经投入超过1070万与现有和回归客户的资金。我们要感谢第四系列绿色债券持有人的持续支持，使我们成功筹集资金，并且在我们手头现有的现金以及即将评估的机会的订单积压之下，我们将在接下来的几个季度继续增长我们的营业收入和收入、EBITDA和现金流，”首席执行官Bernard Tan说。
Q3 2024 Results Conference Call: December 6, 2024
Management will be hosting a third quarter conference call on December 6th, 2024 at 1:00pm PT (4:00pm ET) to discuss its Q3 2024 results. After opening remarks by management, there will be a question-and-answer session open to analysts and investors. Questions can be emailed in advance to investor@reroyalties.com
2024年第三季度业绩会议电话：2024年12月6日
管理层将在2024年12月6日下午1点（东部时间下午4点）主持第三季度电话会议，以讨论其2024年第三季度的业绩。在管理层的开场白后，将进行开放给分析师和投资者的问答环节。问题可以提前发送至 investor@reroyalties.com
You can join the conference call at:
你可以加入电话会议：
Date: Friday, December 6th, 2024
Time: 1:00pm PT (4:00pm ET)
日期：2024年12月6日，星期五
时间：下午1点（东部时间下午4点）
Call in (audio only): +1 778-725-6875
Phone Conference ID: 946 197 577#
拨入（音频仅）：+1 778-725-6875
电话会议ID：946 197 577#
1Non-GAAP Performance Measures
This document contains presentation of Earnings Before Interest, Taxes, Depreciation, and Amortization ("EBITDA") as a non-GAAP financial measure. This measure may differ from similar measures used by and may not be comparable to such measures as reported by other companies. The Company believes that EBITDA is commonly used by certain investors, in conjunction with conventional IFRS measures, to enhance their understanding of the Company's performance. These measures have been derived from the Company's financial statements and applied on a consistent basis. Non-GAAP measures are intended to provide additional information, not to replace IFRS measures, and do not have a standard definition under IFRS and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Further information on the composition and usefulness of each non-GAAP financial measure, including reconciliation to their most directly comparable IFRS measures, is included in the non-GAAP financial measures section of our MD&A, which are available on Sedar+ or on the Company's website.
1非GAAP绩效指标
本文件包含未计利息、税项、折旧及摊销前的盈利（"EBITDA"）作为非GAAP财务指标的呈现。该指标可能与其他公司使用的类似指标不同，且可能无法与其他公司报告的此类指标进行比较。公司认为EBITDA通常被某些投资者使用，结合传统的IFRS指标，以增强他们对公司业绩的理解。这些指标源于公司的财务报表，并在一致的基础上应用。非GAAP指标旨在提供附加信息，而不是替代IFRS指标，并且在IFRS下没有标准定义，不应孤立考量或作为根据IFRS编制的业绩指标的替代品。有关每个非GAAP财务指标的组成和实用性的更多信息，包括与其最直接可比IFRS指标的对账，包含在我们MD&A的非GAAP财务指标部分，可在Sedar+或公司网站上获取。
About RE Royalties Ltd.
RE Royalties Ltd. acquires revenue-based royalties from renewable energy facilities and technologies by providing a non-dilutive financing solution to privately held and publicly traded companies in the renewable energy sector. RE Royalties is the first to apply this proven business model to the renewable energy sector. The Company currently owns over 100 royalties on solar, wind, hydro, battery storage, energy efficiency and renewable natural gas projects in Canada, United States, Mexico, and Chile. The Company's business objectives are to provide shareholders with a strong growing yield, robust capital protection, high rate of growth through re-investment and a sustainable investment focus.
关于RE Royalties Ltd。
RE Royalties Ltd.通过为私有和上市公司提供非稀释性融资解决方案，从可再生能源设施和技术中获取基于收入的特许权。 RE Royalties是第一个将这种经过验证的商业模式应用于可再生能源领域的公司。该公司目前在加拿大，美国，墨西哥和智利拥有超过100项太阳能，风能，水力，电池储存，能效和可再生天然气项目的特许权。公司的业务目标是为股东提供稳定增长的收益、强大的资本保护、高速增长率通过再投资以及可持续投资重点。
For further information, please contact:
RE Royalties Ltd.
Talia Beckett, VP of Communications and Sustainability
T: (778) 374‐2000
E: taliabeckett@reroyalties.com
如需更多信息，请联系：
关于RE Royalties Ltd.
Talia Beckett，通信和可持续发展副总裁
T：(778) 374‐2000
E：taliabeckett@reroyalties.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.
TSX Venture Exchange及其监管服务提供者（如TSX Venture Exchange的政策中所定义的那样），以及任何其他监管机构或证券交易平台，均不对本报告的足够性或准确性承担责任。
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The offer and sale of the securities has not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States or to United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
此新闻稿不构成在任何司法管辖区内出售或要约买入证券，也不得以任何该等司法管辖区不得以任何该等出售、要约或销售的情况下出售该证券。所要发行的证券尚未获得任何监管机构的批准或驳回，也没有任何此类机构审核短表格基础层架构说明书或招股书补充说明书的准确性或充足性。该证券的发售和销售未在1933年修订版《美国证券法》或任何州证券法中进行注册，也不得在未进行注册或符合美国证券法和适用州证券法的注册要求的豁免情况下，在美国境内或向美国人出售或出售。
Forward Looking Statements
This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company and within the meaning of Canadian securities laws. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events or results and may include statements regarding the Company's financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities including financing. The reader is referred to the Company's most recent filings on SEDAR+ as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at .
前瞻性声明
本新闻稿包含前瞻性信息和前瞻性声明（统称"前瞻性信息"），涉及公司并符合加拿大证券法的含义。前瞻性信息通常通过诸如：相信、期望、预计、打算、估计、假设等表达，或者是那些根据其性质指向未来事件的表达。这些信息代表预测，实际事件或结果可能大不相同。前瞻性信息可能涉及公司的未来展望和预期事件或结果，并且可能包括关于公司财务状况、未来财务状况、预期现金流增长、业务策略、预算、预计成本、预计资本支出、税收、计划、目标、行业趋势和增长机会（包括融资）的声明。读者可参考公司在SEDAR+上的最新备案以及在OTC Markets上提交的其他信息，以获取所有适用风险因素及其潜在影响的更完整讨论，这些备份的副本可通过公司的资料页面获取。
SOURCE: RE Royalties Ltd.
资讯来源：RE Royalties Ltd。
