Waga Energy (WAGA) AGM 2024 presentation summary

Mission and impact

• Converts landfill methane, a major greenhouse gas, into local renewable energy, addressing 40% of climate warming impact from methane emissions.

• Proprietary technology purifies landfill gas into biomethane using membrane separation and cryogenic distillation.

• WAGABOX® units recover up to 90% of methane regardless of landfill size or gas composition, reducing emissions and substituting fossil fuels.

• Global waste is projected to rise by 70% from 2018 to 2050, increasing the need for landfill gas solutions.

Business model and operations

• Develops, builds, owns, and operates WAGABOX® units, targeting over 20,000 landfill sites worldwide.

• Standardized, modular technology enables efficient on-site installation; 25 units operational and 14 under construction.

• Long-term gas purchase and biomethane sales contracts ensure predictable cash flows and high unit availability (>95%).

• Business model supports competitive biomethane production and carbon credit opportunities.

2023 highlights and achievements

• Revenue reached €33M (+74% vs 2022); EBITDA at -€4.8M; €49M invested; €39M cash at year-end.

• 336 GWh of biomethane injected (+49% vs 2022); 25 units active across France, Spain, US, and Canada.

• 915 GWh/year installed capacity (+82% vs 2022); 14 units under construction, 8 new US contracts since mid-2023.

• Commercial pipeline exceeds 12 TWh.