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Vision and Strategy

Globally, the transition from carbon-based power sources towards renewable energy generation is in full swing. However, today’s technologies do not yet allow for a complete phase-out of conventional power plants. Flexible and robust fossil plants continue to play a critical role in maintaining supply stability and controlling grid flows, thus supporting a swifter build‐up of renewable capacities.

In Europe, we want to be the enablers of that transition, bridging the gap between the energy of today and tomorrow. We are convinced that conventional plants will be replaced at some point, by industrial‐scale energy storage, smart grid systems and responsive demand side management. However, there is a transition period that may last several years. Sev.en Energy aims at supporting that transition, responsibly operating fossil plants that benefit both energy systems and consumers.

We follow our operating strategy by sharing the best practices across all assets, operating them as efficiently as possible, meeting all environmental standards and investing in further options for sustainable power generation (e.g. combined heat and power production, biomass or sludge burning etc).

Our experienced teams are able to define the best possible future for each plant. Our European-wide trading team is responsible for plugging the plants into their sophisticated systems of fuel sourcing, offering power on the markets and using their hedging strategies to maximise value derived from the assets.

Even towards the end of a useful life, we will look for alternatives for these assets, such as power‐to‐gas technologies or similar innovative concepts that could give yet a new horizon to the plants and their employees.

Focus is the new recipe for success, and today’s energy sector calls for top players in clearly defined strategic niches. They replace the fully integrated super companies of the past that included the entire value chain and beyond.

Our niche is the power generation for high-performing conventional assets until they cease to be needed in the energy system. We assume responsibility for their entire life span. That includes searching and assessing technological alternatives like power to gas and other innovative solutions that may well expand the perspective for each plant and its team.

Our strategy serves as the ideal complement for operators about to divest their conventional plants.

Employing our long‐standing operational experience, we are ready to discuss options for any such asset acquisition. Moreover, as a private company we are independent from external stakeholders’ pressure. We purposefully invest in conventional assets and have full command over the deployment of our own capital resources.

Our mission is to provide a perspective to conventional power plants as long as they are systemically needed and thus offer a robust basis for a swift transition of the energy sector towards a fully sustainable future.

“We are already a wellknown player in the Czech Republic. Following a period of intense and systematic development of: our skills, our portfolio and our processes, we are now ready to expand internationally.”


Alan Svoboda,
M&A Director



Our key target markets

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Facts and Figures

ikona
95
million tons of coal mined
since the date of acquisition
ikona
3200
employees
ikona
560
million consolidated revenues in EUR (2017)

ikona
15500
GWh of Electrical
Energy Produced since 2013
ikona
65
million EUR
of Paid Taxes (2017)
ikona
5000
sqare kilometres of restored land from the date of privatisation

Sev.en Energy group structure

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Our Key Financial Figures

Our Revenues* 2016 and 2017

*Revenues including intragroup relations
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Our EBITDA

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Our Financial Figures per Chosen Parts of the Group

Vrsany Coal Mine

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CSA Coal Mine

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Chvaletice Power Plant

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Downloads

Group profile

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Group Profile 2018

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Annual reports

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Vršanská uhelná 2017

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Severní energetická 2017

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Coal services 2017

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Sev.en Group - consolidated annual report 2016

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Vršanská uhelná - annual report 2016

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Sustainability reports

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Sustainability Report 2015

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Sustainability Report 2014

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Leadership Team

We are proud that our team is composed of top professionals from the power industry. All the people have a long and proven track record and the right balance between professional competence, managerial skills and experience.

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Alan Svoboda

M&A Director

Alan manages the strategic development and expansion of the group in Europe. His task is to concentrate on acquisitions in European energy, including the provision of financing. His main focus is on both conventional and advanced energy-saving technologies. He aims to invest in intelligent distribution and the supply of electricity to end customers. He also participates in the long-term development of realised investments.

Between 2004 and 2014, Alan served as the commercial, strategy and business development director at ČEZ, the Czech power generation incumbent. Under his leadership, ČEZ successfully transformed and expanded its commercial activities in both wholesale and retail markets throughout Europe, accelerated international expansion via targeted acquisitions, and built-up key holding functions such as strategy, investor relations, risk-management and national/EU regulatory compliance.

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Lubos Pavlas

CEO of Sev.en Energy group

Lubos has been appointed the new CEO of the Sev.en Energy group in October 2018 and is responsible for the management and development of the Sev.en Energy group in the Czech Republic and Europe.

He relies on his extensive expertise and experience in energy industry. He has been working in various positions within the group for almost 10 years. In the past, he worked in various managerial positions within the ČEZ Group and was also the Chair of the Board of Directors and CEO of Prazska teplarenska.

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Vladimir Roucek

General Manager of Mining companies in the group

Vladimir is the head of the Severni Energeticka and Vrsanska Uhelna mining companies in Northern Bohemia. His task is to ensure that for the time being, out of necessity, brown coal remains a stable, affordable and sustainable source for the Czech energy industry, with full respect for the needs of the countryside and the inhabitants of the region, where the mining companies of the group operate.

He has spent almost 50 years in the mineral extraction industry. Over time, his extensive knowledge and practical experience in the whole chain of coal mining, processing and use have elevated him to various managerial positions. He has spent many years in positions as a Deputy CEO for technology, and a chief strategic or production officer at coal mining companies.


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Vaclav Matys

General Manager of Chvaletice Power Plant

Vaclav joined the group in October 2018 and became a general manager of the group’s energy generating facility in Chvaletice. His principal project is the modernisation of Blocks 1 and 2. He spent most of his professional life in the CEZ Group in various managerial positions, most notably in a division of classical energy generation and in another of renewable energy.


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Jan Zizka

Director of Sev.en Engineering

Jan is another key element of the group’s strategic development. Under his leadership, Sev.en Engineering provides engineering and technical expertise to the group. Currently, he manages the extensive ecological renovations of the 4 blocks in the Chvaletice power plant.

The team‘s strong know-how and personal experience with the modernization of conventional resources in the Czech Republic and Europe will also be used by the group to expand abroad.

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Michal Skalka

Director of Sev.en Commodities

Michal leads Sev.en Commodities, which represents the Sev.en Energy commodity business. He builds on the long-standing business tradition of the group in the Czech Republic.

Michal Skalka has had an extensive experience in commodity trading in Central and Western European markets. Michal spent almost 20 years in the commodity trading business building up trading infrastructure in a number of markets and managing a large trading unit.



ULTIMATE BENEFICIARY

Pavel Tykač

Pavel Tykač, an experienced Czech entrepreneur and investor with a proven track record in the energy business, is the Ultimate Beneficiary of the Sev.en Energy Group. He obtained a degree in engineering from the Czech Technical University in Prague and has a deep technical understanding of the energy sector. In the 1990s, Pavel Tykač built the successful computer company Vikomt. Other entrepreneurial endeavours of his include investments in the banking and brokerage sector. In 2006, Pavel Tykač first became involved in the energy market, when 40 % of the lignite company Mostecká uhelná (MUS) was acquired and later renamed to Czech Coal. In 2010 he became the sole beneficiary of the whole group. In 2017 began the transformation of Czech Coal to Sev.en Energy. During this time, Czech Coal/Sev.en Energy participated in several M&A deals and entered into several long-term contractual arrangements.



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Investments

We aim to strategically grow throughout Europe and substantially expand our portfolio of conventional power plants, both coal and gas-fired. In doing so, we safeguard future options for conventional plants, their staff and the respective local communities. Building on our expertise in classical conventional power generation we are becoming a provider of energy and services on a large scale for energy systems in transformation. That is why we are looking for assets ranging from coal-fired power plants, to low carbon technologies like CHP, gas or biomass. In the medium term, we will also be looking at investment opportunities even further down the value chain, such as smart infrastructure and retail to end-consumers.

The Greek investment opportunity

SEV.EN ENERGY Group and GEK TERNA Group, have entered a partnership to jointly submit a binding offer at the second-round international tender for the spin-off of the Public Power Corporation’s lignite power units in Megalopoli and Meliti. The strategic partnership combines SEV.EN ENERGY’s unique operational and technical experience in the lignite mining and power generation, its strategic approach and financial strength, with GEK TERNA’s leading position and deep knowledge of the Greek energy production and supply sector.

Our key target markets

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Our track record of investment in the energy sector:

Sev.en Energy and GEK TERNA joined forces to succeed in acquisition of two Greek lignite power units

2018

An intense acquisition process has begun

2018

Formation of commodity trading and power engineering units

2017

The Group gets Alan Svoboda on board who brings decades of investment and M&A experience in the energy sector to the table

2017

Consolidation of the fragmented group under the name of Sev.en Energy

2016

Final bidder for acquisition of Vattenfall lignite mining and power generation

2016

Acquisition of Chvaletice power plant from CEZ

2013

Long term contract for lignite supply to CEZ (until 2062)

2013

Pavel Tykac became the sole beneficiary of the whole group

2010


Pavel Tykac first became involved in the coal company

2006

History

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Pavel Tykac first became involved in the coal company

2006
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Privatisation of coal mines

1993
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Nationalisation by the Communist regime

1948
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The Petschek family dominated the lignite mining industry all over Europe (a half of the mining sites, mainly in Germany)

1930s
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Ignatz Petschek became the owner of the majority of the mining companies in Northern Bohemia

1905
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The beginning of industrial lignite mining in Northern Bohemia is connected to the Petschek family

1871
At the heart of our Business is Almost 150 Years of Mining History