News
New listing of DB ENERGY
13
The company DB ENERGY S.A. was newly listed on the GPW Main Market on 25 April 2023.
DB ENERGY S.A. is the 417th company listed on the GPW Main Market and the sixth new listing on the GPW Main Market in 2023.
Key information
|
company name |
DB ENERGY S.A. |
|
companies listed on the market |
417 |
|
new listings in 2023 |
6 (transfer from NewConnect) |
|
market (main/parallel) |
parallel market |
|
business sector |
building and telecommunications systems |
|
companies in the sector |
5 |
|
seat |
Wrocław |
|
Polish/foreign |
Polish company |
|
core business |
The company is a leader in the provision of energy efficiency improvement services for industry in Poland targeting large and medium-sized industrial enterprises of a wide variety and scope. It carries out projects from the identification of energy efficiency improvement projects through design to implementation as a general contractor, taking into account financing tailored to the needs and capabilities of companies in the ESCO model (Energy Saving Contract - long-term financing), and provides energy efficiency management services at the client’s site, including ongoing monitoring of industrial systems and their predictive maintenance, ultimately to be based on the DiagSys system. |
|
IPO/public sale (Y/N) |
Public offering: • 415,000 series D shares – New Issue Shares offered by the Company in a Public Offering |
|
issue/selling price |
Issue price of series D shares: PLN 26.00 |
|
public offering value |
PLN 10,790,000.00 |
|
reference price |
to be equal to the closing price on the last day of trading on NewConnect |
|
company valuation*
|
PLN 100,783,263.20 (before registration of new issue shares) PLN 114,445,063.20 (after registration of new issue shares) |
|
% free float in shares subject to the application |
100% in rights to series D shares; 29.52% in existing series B-C shares subject to the application; 42.68% in existing series B-C shares and new series D shares; |
|
free float value* |
PLN 13,661,800.00 in rights to series D shares PLN 17,561,997.00 in existing series B-C shares PLN 31,223,797.00 in existing series B-C shares and new series D shares |
|
% free float in all shares |
100% in rights to series D shares; 29.52% in existing series B-C shares subject to the application; 42.68% in existing series B-C shares and new series D shares; |
|
free float value* |
PLN 13,661,800.00 in rights to series D shares PLN 17,561,997.00 in existing series B-C shares PLN 31,223,797.00 in existing series B-C shares and new series D shares |
|
Investment Firm |
Dom Maklerski INC SA |
|
Legal Advisor |
SSW Pragmatic Solutions Spaczyński Szczepaniak, Okoń sp.k. |
|
Auditor |
UHY ECA Audyt Spółka z ograniczoną odpowiedzialnością Sp. k. |
*based on the average price of the Company’s shares in the ATS NC for the last 3 months preceding the date of filing the application for admission, equal to PLN 32.92
ISSUER’S HISTORY AND BUSINESS
Series B and C shares (but not Series A and D shares) of the Company have been listed in the NewConnect Alternative Trading System since 9 July 2019.
DB Energy was founded as a civil partnership in November 2009 by Piotr Danielski and Dominik Brach, who were joined by Krzysztof Piontek, Ph.D., professor at Wrocław University of Economics, after the transformation of the legal form. Since its inception, the company has provided energy efficiency services for industry.
The company is a leader in the provision of energy efficiency improvement services for industry in Poland targeting large and medium-sized industrial enterprises of a wide variety and scope. It carries out projects from the identification of energy efficiency improvement projects through design to implementation as a general contractor, taking into account financing tailored to the needs and capabilities of companies in the ESCO model (Energy Saving Contract - long-term financing), and provides energy efficiency management services at the client’s site, including ongoing monitoring of industrial systems and their predictive maintenance, ultimately to be based on the DiagSys system.
The Company’s clients include over 300 industrial companies such as: Polska Grupa Energetyczna, Siemens Polska, Tauron Sprzedaż sp. z o.o., Wienerberger Ceramika Budowlana sp. z o.o., Skanska, Grupa Nowy Styl, Żywiec Zdrój, Torf Corporation, SGL Carbon Polska, PCC Rokita, Fameg sp. z o.o, Kaufland, Neapco Europe, Górażdże Cement, Żabka Polska, Solaris Bus and Coach, Pabianickie Zakłady Farmaceutyczne Polfa, KGHM, Indesit, Hutmen, Dolina Nidy, CCC, Danone, Boryszew, Apostel Joghurt Produktions GmbH, ZGH Bolesław S.A, Schumacher Packaging Zakład Grudziądz sp. z o.o., Ciech Soda Polska S.A., OMEGA S.A., Słodownia Soufflet Polska sp. z o.o., BWI Poland Technologies sp. z o.o.
Over the past 13 years, the company has conducted more than 1,300 energy efficiency audits generating projects worth more than PLN 5.0 billion, with a potential average annual reduction in energy consumption exceeding 9 TWh and potential annual savings of approximately PLN 2 billion. Currently the Company has close to 30 identified investment projects worth approximately PLN 40 million to be implemented under the ESCO or general contracting model. The Company remains a leader in the White Certificate market. As a result of the developed energy efficiency improvement projects, the Company has submitted applications for White Certificates worth more than PLN 650 million in total, of which more than PLN 365 million has already been awarded to the Company’s clients. The Company currently has more than 100 investment tasks to be cleared as part of the White Certificate acquisition process.
The Issuer and its subsidiary APPS sp. z o.o. operate primarily in the domestic market, while its other subsidiary, Willbee Energy, concentrates its activities on the markets of Western Europe, primarily the German market.
The Company’s share capital amounts to PLN 306,146.00 and is divided into 3,061,460 shares with a nominal value of PLN 0.10 per share, including:
- 1,254,000 series A registered preference shares,
- 1,506,000 series B ordinary bearer shares,
- 301,460 series C ordinary bearer shares.
After the registration of 415,000 new issue series D shares, the share capital of the Company will amount to PLN 347,646.00 and will be divided into 3,476,460 shares with a nominal value of PLN 0.10 per share.
Selected financials of the Issuer’s Group (PLN):
|
|
2022/2023 Q1-2 |
2021/2022 |
2020/2021 |
2019/2020 |
|
Sales revenue |
25,572,006.97 |
79,345,384.42 |
30,114,179.30 |
25,499,854.87 |
|
Total revenue |
1,308,693.80 |
8,234,231.29 |
2,514,712.99 |
2,832,558.54 |
|
Equity |
21,499,535.35 |
20,206,162.86 |
11,619,967.94 |
9,521,32.15 |
|
Non-current liabilities |
35,651,684.08 |
35,964,243.61 |
9,186,255.58 |
1,392,415.15 |
|
Current liabilities |
32,073,092.11 |
27,155,472.28 |
11,089,556.41 |
11,390,955.76 |
|
Total assets |
89,224,311.54 |
83,325,878.75 |
32,294,165.16 |
22,289,046.74 |
|
Change in cash |
827,356.62 |
(2,019,968.78) |
7,355,073.12 |
(307,127.98) |
|
Cash at the end of the period |
8,496,765.69 |
7,669,405.07 |
9,689,377.85 |
2,334,304.73 |
Securities admitted to trading on the regulated (parallel) market
- 1,506,000 series B ordinary bearer shares,
- 301,460 series C ordinary bearer shares,
- 415,000 series D ordinary bearer shares, subject to the registration of an increase in the share capital as a result of the issue of shares of that series, and
- 415,000 rights to series D ordinary bearer shares.
Galeria
