1. SolarCAP A/S – the future of Thermal Solar Energy
Future Energies
Maison du Danemark
14 – 15 April 2008

2. The VKR Group (April 2008)
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3. VKR Holding - The Model Company Objective
The purpose of the VKR Group is to establish a number of model companies, which cooperate in an exemplary manner.
A model company works with products useful to society and treats its customers, suppliers, employees of all categories and shareholders better than most other companies.
A model company makes a profit which can also finance growth and maintain financial independence.
(Villum Kann Rasmussen, 1965)
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4. Financial highlights VKR Group
Key figures EURm
2007
2006
Revenue
2,331.5
2,189.0
Net profit for the year
188.6
250.0
Total assets
2,187.1
1,966.1
Investment in tangible fixed assets
200.9
130.8
Equity
1,700.2
1,543.1
Financial ratios
Profit ratio, %
10.8
14.7
Return on assets, %
20.6
31.7
Equity ratio, %
77.7
78.5
Employees
16,209
14,562
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5. Strategy & Vision
To become the leading supplier of renewable energy solutions based on thermal solar energy - and
To make thermal solar energy the most environmentally sound and cost-effective source of energy.
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6. The History of SolarCAP A/S
: Market study was performed to learn and understand the collector market
1998: The strategy in solar energy was developed. The possibility of a new business area was identified
: Acquisitions of minority shareholdings in potential market leaders in the European solar market were performed
2002: Revised strategy plan set the target of becoming one of the leading suppliers on the European solar market
2003: All activities in solar are organized in a new business area under SolarCAP
2005: Majority shareholding achieved in SONNENKRAFT and Pro Solar. Start of General Solar System’s operation as one entity
2006: Expansion into France, Spain and USA
2007: Expansion into India and Denmark
2008: Expansion into Uganda/East Africa, South Africa and Portugal
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7. SolarCAP Presence (April 2008)
Minority Shares in European Solar Thermal Companies.
2003 SolarCAP Established.
2005
Majority Shareholding in SONNENKRAFT and Pro Solar.
Establishment of General Solar Systems.
2006
Expansion into France, Spain, and USA (Heliodyne).
2008
Expansion into Portugal, Uganda/East Africa and South Africa.
Distributors / Exports
Own Sales Organisation
Production
2007
Expansion into India (EMMVEE) and Denmark (Arcon & Thermo-Sol).
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8. SolarCAP Group (April 2008)
14 companies
900 employees
EUR 150 million turnover (2007)
Europe
USA
Africa
India
Sales & Distribution
Manufacturing
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9. Vision & Mission of SolarCAP
Financial
Market and customers
We have an average annual growth rate of 20% and an EBT of 5 %
We make profit in our main markets and invest in future markets
Vision
We will make Thermal Solar Energy the most economical feasible energy source
Organisation
Employees
We are the largest International supplier of thermal solar systems and components on all important markets
With a motivated and qualified team we are servicing our customers as a Full-Service Solar System Supplier
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10. SONNENKRAFT SONNENKRAFT is the Group’s main brand.
SONNENKRAFT is the leading solar specialist in Europe.
Offers complete product program in solar domestic hot water and heating.
Sale and distribution through heating installers.
Sales companies in Austria, Germany, Italy, Spain, France and Denmark – sales offices in Uganda /East Africa and Portugal.
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11. ARCON Solvarme Specialist producer of large systems
World leader in large solar heating systems
Located in Skørping, Denmark.
Founded in 1974
One of three companies world wide that have the know-how to project and build large systems for i.e. central heating purposes.
Market leader Europe for large scale projects - have delivered 8 out of 10 large European projects
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12. Large-scale plant in combination with district heating plant
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