PAUL Tech AG
ACTAQUA AG resolves to issue a green bond of up to EUR 15 million to finance further growth
DGAP-News: ACTAQUA AG
/ Key word(s): Issue of Debt
NOT FOR DISTRIBUTION, PUBLICATION OR RETRANSMISSION IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN OR CANADA OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS COMMUNICATION. ACTAQUA AG resolves to issue a green bond of up to EUR 15 million to finance further growth – ACTAQUA sees itself as a first mover and innovation leader for intelligent building technology through the use of advanced technologies such as cloud connectivity with artificial intelligence to optimize water-bearing systems. – The PAUL platform solution enables energy efficiency to be increased and thus CO2 emissions to be reduced in existing properties and helps ensure drinking water quality. – ACTAQUA continues its profitable growth in 2021 with an increase in total operating performance[1] of 152% yoy and an EBITDA margin of 55.7%. – Service and maintenance contracts with standard 10-year terms enable high predictability of cash flows and long-term customer loyalty. – Customer base with blue chip customers in the real estate industry, an addressable billion-euro market and scalability of the platform offer ACTAQUA excellent growth prospects. – Use of funds from the issue to pre-finance the development, material and installation costs, as well as the commissioning and maintenance of the respective projects to increase the energy efficiency of water-bearing systems and ensure quality of drinking water. – Planned bond 2022/2027 in compliance with the Green Bond Principles and certified as a “green bond” by second party opinion of imug rating. – Annual interest rate of the bond is 7.00% and maturity is 5 years from June 9, 2022. – Subscription of the bond possible from May 23, 2022, until presumably June 7, 2022, as part of the public offering via the subscription functionality “DirectPlace” of Deutsche Börse AG and as part of a private placement via Quirin Privatbank AG.
Mannheim, May 12, 2022 – ACTAQUA AG, a company that specializes in the digital transformation of the real estate industry, intends to issue a green corporate bond in the amount of up to EUR 15 million (ISIN DE000A3MQVL6). The securities prospectus required for the offering was approved today by the Luxembourg Financial Supervisory Authority Commission de Surveillance du Secteur Financier (“CSSF”) and submitted to the German Federal Financial Supervisory Authority (“BaFin”) by way of notification. The prospectus will be published on the Investor Relations website of ACTAQUA AG (www.actaqua.de). The issue is being accompanied by Quirin Privatbank AG as Sole Bookrunner and Lewisfield Deutschland GmbH as Financial Advisor. With its digitalization platform PAUL, ACTAQUA has a smart building platform for networked and digitally controlled building technology. PAUL currently specializes in increasing the energy efficiency of water-bearing systems and thus reducing CO2 emissions in existing properties and ensuring the quality of drinking water. For the 2022/2027 bond planned by ACTAQUA AG, the second party opinion of imug rating[2] confirms the sustainable approach of the technology as well as the business model of ACTAQUA. Since its founding, ACTAQUA has been in the black with its business model and has experienced a growing and profitable business development since then. Most recently, based on audited figures, total operating performance in 2021 increased by 152% to EUR 12.3 million compared to the previous year (2020: EUR 4.8 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) in 2021 were EUR 6.9 million (2020: EUR 2.1 million), which equates to an EBITDA margin of 55.7% (2020: 43.2%). The full 2021 Annual Report is available on the company’s website. Over 150,000 residential units of more than 80 well-known customers are already equipped with the PAUL platform solution. Customers include some of Germany’s largest real estate groups and housing companies, as well as management companies that manage real estate for large investment companies. By negotiating 10-year service and maintenance contracts with its customers as standard, ACTAQUA enables long-term customer loyalty and generates a long-term predictable cash flow with recurring income over the contract period and project costs. The total project costs are incurred within the first three months and no further project-related expenses are subsequently incurred by ACTAQUA over the remainder of the contract period. “With PAUL, our innovative smart building platform for networked, digitally controlled building technology, we are not only meeting the needs of the times, but also making it possible to achieve the climate targets in the real estate industry. To our knowledge, there are currently no solutions on the German market comparable to PAUL. Therefore, we are also convinced of the excellent growth opportunities for our company, while at the same time our business model meets the needs of bondholders with high predictability of cash flows and long-term customer loyalty,” said Sascha Müller, founder of ACTAQUA AG. ACTAQUA’s potential customer segments and the very high stock of older buildings in residential properties, office and administrative buildings, and healthcare facilities, address a billion-euro market with approximately 19.2 million residential units in Germany alone. By 2030, the German government’s climate protection plan also calls for a CO2 reduction in the building sector of at least 67% compared to 1990 levels. Demand for PAUL can benefit from this development in the future: The share of the drinking water system alone in the final energy demand of a modern building (energy standard KfW 70) is more than 50%. With PAUL, the associated costs could be reduced by up to 25% and 24 million m3 of water and over 3 million tons of CO2 could be saved annually in the building sector. In terms of all water-bearing systems, energy savings of at least 15% are possible throughout the building. The recent decisions by the German government on the new pricing of CO2 emissions in the real estate sector create additional tailwind for PAUL. The more climate-friendly a building is, the lower the costs for the landlord under the new regulation. This creates a further incentive for energy-efficient refurbishment. While ACTAQUA’s business activities are currently focused on water-bearing systems in buildings, ACTAQUA also intends to make its PAUL platform solution available for the operation of other technical building systems in the years ahead: as a product solution for monitoring, maintenance planning and energy management for elevators and air conditioning systems, for example. In a further step, the platform is also to be opened up to third-party building technology and a white-label version of PAUL is to be offered for drinking water and heating systems, so that PAUL can also be sold via other manufacturers and dealers. In view of the huge market potential, ACTAQUA is aiming to continue its growth course in 2022 and beyond. Against the backdrop of the company’s dynamic development expected for the future, ACTAQUA intends to issue a bond in the amount of up to EUR 15 million. The company plans to use the net issue proceeds to finance the development and pre-financing of long-term customer projects using PAUL to increase the energy efficiency of water systems as well as to safeguard drinking water quality and is committed – with reference to the principles published by the ICMA (International Capital Market Association) – to transparently presenting the use of the issue proceeds, the project selection and evaluation process, the management of proceeds and reporting in accordance with its “Green Bond Framework.” The bearer bonds with a nominal amount of EUR 1,000.00 each will be publicly offered in Germany and Luxembourg and can be subscribed to during the offering period from May 23, 2022, until presumably June 7, 2022 (12:00 noon (CET)) via the subscription functionality “DirectPlace” of Deutsche Börse AG, with an early closing possible in case of oversubscription. In addition, the bonds will also be offered in an international private placement to qualified investors who can subscribe directly via Quirin Privatbank AG. The annual interest rate of the bonds is 7.00% and the maturity of the bonds is 5 years from June 9, 2022. It is planned to include the bonds in trading on the Open Market of Deutsche Börse AG (Regulated Unofficial Market of the Frankfurt Stock Exchange).
About ACTAQUA AG: ACTAQUA is the specialist for the digital transformation of the real estate industry. With the PAUL control system, ACTAQUA has initiated a change process and, with the help of artificial intelligence, creates energy savings in existing buildings up to CO2 neutrality, with low investment and without any loss of comfort for the occupants. Investors and operators rely on PAUL to make their properties future-proof and competitive. ACTAQUA currently supports over 80 companies in the real estate industry with more than 150,000 residential units. This currently corresponds to CO2 savings of around 1.5 million tons over the entire term. www.actaqua.de
DISCLAIMER This document does not constitute an offer document or an offer of securities to the public and should not be considered as a recommendation that any person should subscribe for or purchase any securities as part of the Offer. This document and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell, or a solicitation of an offer to buy, any securities in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or pursuant to an available exemption from registration under the Securities Act. There will be no public offer of securities in the United States of America. These materials may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. The securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.
[1] operating performance = sales + other operating income [2] The second opinion is available on the company’s website at www.actaqua.de.
12.05.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | ACTAQUA AG |
Theodor-Heuss-Anlage 12 | |
68165 Mannheim | |
Germany | |
E-mail: | info@act-aqua.de |
Internet: | paul-digital.de |
ISIN: | DE000A3H2TU8 |
WKN: | A3H2TU |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1351041 |
End of News | DGAP News Service |