The Waga Energy share
Waga Energy has been listed on Compartment B of Euronext Paris since October 27, 2021.
INFORMATION FOR SHAREHOLDERS
- Company name: WAGA ENERGY
- ISIN code: FR0012532810
- Ticker: WAGA
- Market: Euronext Paris
- Compartiment B
- First listed on: October 27, 2021
- Free float: 24.6%
- Number of shares: 19,752,417
ANALYSTS
Paul de Froment, Bryan Garnier
Thomas Mordelle, Bryan Garnier
Nicolas Royot, Portzamparc
Message from the founders
Facing the climate emergency, the substitution of fossil fuels with renewable energies is the major challenge of the 21st century. Waga Energy wants to contribute to the energy transition through its patented WAGABOX® solution, that makes it possible to produce cost-competitive Renewable Natural Gas (RNG) from landfill gas.
RNG (also known as “biomethane”) is a substitute for fossil-based natural gas. It is a key pillar for the energy transition, as it can substitute fossil-based energies in transportation, housing or industry, which are responsible for most of global greenhouse gas emissions.
At the end of 2021, the ten WAGABOX® units operated by Waga Energy had already injected 21,700,000 scfm (35 million cubic meters) of RNG in the French gas grid, which represents 1,279,553 mmBtu (375 GWh) of energy, thus avoiding the release of 66,000 metric tons of CO2eq in the atmosphere.
An innovative and dynamic company, Waga Energy put its expertise in the gas engineering field and it experience in the development of complex projects at the service of its clients, partners, investors and shareholders. From landfill gas upgrading pioneer, Waga Energy aims to become a world leader of RNG production and start building today the energetic world of tomorrow.
Nicolas Paget, Guénaël Prince, Mathieu Lefebvre
Co-founders
Ownership structure
End of June 2023, the distribution of the capital and voting rights is as follows:
| SHAREHOLDERS | NUMBER OF SHARES | VOTING RIGHTS |
| Free float | 5,650,711 | 27.58% |
| Founders | 3,549,900 | 17.33% |
| Aliad SA | 2,848,729 | 13.90% |
| Holweb | 2,513,495 | 12.27% |
| Starquest | 2,030,898 | 9.91% |
| Les Saules SARL | 1,785,654 | 8.72% |
| Historical Investors | 1,211,034 | 5.91% |
| Tertium | 898,129 | 4.38% |
| TOTAL | 20,488,550 | 100% |
Key figures
Waga Energy reported €19.2 million in consolidated revenue for 2022. RNG sales and gas upgrading service sales to landfill operators accounted for 79% of total revenue, with RNG production equipment sales accounting for 19%.
In 2022 in line with its strategic plan, Waga Energy worked on structuring its organization in order to accelerate growth in France and abroad. As a result, EBITDA fell from +€0.2 million in 2021 to
-€3.2 million, mainly reflecting business development initiatives in the United States.
* L’EBITDA (« Earning Before Interests, Taxes, Depreciation & Amortization ») is an indicator of operating performance, defined as operating income recurring adjusted for net charges to intangible assets, property, plant and equipment and provisions, as well as share-based compensation expenses (IFRS 2). Since the year ended December 31, 2022, the Group has changed the definition of this indicator, by also restating share-based compensation expenses, which do not reflect its current operating performance and have no direct impact on cash.
Publications
2023
Press releases
- August 29: Waga Energy obtains a loan from Bpifrance to finance its first Spanish project
- July 31: Waga Energy partners with the Waste Commission of Scott County to produce Renewable Natural Gas at the Scott Area Landfill in Davenport, Iowa
- July 10: Waga Energy and Casella Waste Systems, Inc. will produce Renewable Natural Gas at three landfills in the US
- June 22: PreZero, Waga Energy and Nedgia launch Spain’s largest project for injecting biomethane produced from waste at a controlled landfill into the gas grid
- June 8: Waga Energy awarded ISCC EU certification for its Spanish RNG production facility
- May 25: Waga Energy commissions its first RNG facility in Canada in partnership with Énercycle and Énergir
- April 26: Strong business growth in 2022 and positive outlook for 2023
- March 29: First Waga Energy cryogenic distillation module sold to Air Liquide passes acceptance testing
- February 28: Valtom and Waga Energy launch an RNG injection project using a hybrid biogas source
- February 28: Strong revenue growth (+56%), North American market penetration confirmed
Regulated information
- July 13 : Result of the vote on the resolution of the General Assembly (French only)
- July 7: Half-yearly report on the liquidity agreement (H1 2023) (in French)
- June 20: 2022 ESG & Sustainability Report
- June 19: 2022 Universal Registration Document
- June 16: Statutory auditors’ report on the issue of ordinary shares or securities giving access to ordinary shares to be issued immediately or in the future by the company, without pre-emptive subscription rights (French only)
- June 16: Statutory auditors’ report on the issue of ordinary share subscription warrants (“BSA”) with cancellation of preferential subscription rights (French only)
- June 16: Statutory auditors’ report on the issue of shares and securities giving access to the company’s capital reserved for members of a company savings plan (French only)
- May 24: Notice of the Annual Shareholders’ Meeting of June 29, 2023 (in French)
- May 2: Annual Report 2022 (in French)
- April 3: Publication related to a regulated agreement pursuant to Article L. 22-1-13 of the French Commercial Code (in French)
- January 24 : Shares & Voting Rights (in French)
- January 9: Half-yearly report on the liquidity agreement (H2 2022) (in French)
Investors presentation
- June 20: Upgrading landfill gas to biomethane
- April 27: 2022 Full Year Results
2022
Press releases
- December 20: Suez and Waga Energy commission a fifth RNG production unit
- December 14: Waga Energy and Veolia launch a RNG project in Burgundy (France)
- December 7: Waga Energy relocates to new, larger headquarters to accommodate growth
- September 30: Despite energy market disruptions, Waga Energy sees continued revenue growth in an international context favorable to RNG
- September 13: Waga Energy rolls out first RNG project in British Columbia, accelerating its Canadian growth plans
- July 12: Waga Energy and Séché Environnement partner to produce Renewable Natural Gas in northwestern France
- June 20: Waga Energy is joining the Euronext’s indexes CAC® Small, CAC® Mid & Small and CAC® All-Tradable
- June 15: 2021 Universal registration Documents
- June 13: Waga Energy announces its participation in the Euronext Tech Leaders initiative dedicated to high-growth and leading Tech companies
- June 9: Provision of the documents for the 2022 Annual General Meeting
- June 8: Waga Energy submits to the shareholders’ vote a securities exchange plan to fully own its US subsidiary
- April 29: 2021 Annual Results: Waga Energy continues to build momentum and confirms targets for 2026
- March 31: Veolia and Waga Energy commission one of the largest biomethane production units in Europe
- February 28: Strong revenue growth and opportunities on the North American market confirmed in 2021
- February 4: Waga Energy to supply three cryogenic distillation modules to Air Liquide for North American market
- January 27: Successful startup of an eleventh Renewable Natural Gas unit
- January 4: First WAGABOX® landfill gas to RNG project in the US confirmed
Regulated information
- September 30 : First Half 2022 Financial Report
- July 12: Half-yearly report on the liquidity agreement (H1 2022) (in French)
- June 15: Universal Registration Document
- May 25: Avis de réunion valant avis de convocation de l’assemblée générale mixte des actionnaires du 30 juin 2022
- April 29: Annual Report 2021 (in French)
- January 27: Half-yearly report on the liquidity contract (in French)
Investors presentation
- October 3: H1 2022 results
- May 2: Investors Presentation
2021
Press releases
- December 21: Waga Energy awarded an EU grant of €2.4 million
- December 2: Waga Energy and Meridiam secure refinancing of four RNG units
- November 18: Waga Energy confirms the success of its IPO with the full exercise of the over-allotment option
- October 26: Waga Energy announces the resounding success of its IPO on the Euronext regulated market in Paris
- October 14: Waga Energy announces the launch of its IPO on the Euronext regulated market in Paris
- October 13: Waga Energy and Suez continue their partnership with a fifth WAGABOX® unit in France
- July 22: Waga Energy et Veolia lancent un projet d’injection de biométhane en Auvergne – Rhône-Alpes (French)
- June 17: Waga Energy’s technology gains popularity in Canada
- April 13: Waga Energy to deploy its breakthrough landfill gas to RNG technology in Canada
- January 19: Waga Energy and Ferrovial Servicios to deliver massive landfill gas to RNG projet in Spain
Regulated information
- September 28, 2021: Registration document
- 13 October, 2021: Supplement to the Registration document
Governance
Board of directors
Mathieu Lefebvre
Waga Energy CEO
Christilla de Moustier
Head of ESG at Fremman Capital
Marie Bierent
Manager Les Saules
Guénaël Prince
Waga Energy Inc. CEO
Anne Lapierre
Independant Administrator
Séverine Adami
Representative for Air Liquide Venture Capital (ALIAD)
Arnaud Delattre
Starquest Capital partner
Dominique Gruson
Independant Administrator
Christophe Guillaume
Noria CEO (censor)
Stéphane Assuied
Tertium General Manager
Anna Creti
Independant Administrator
Olivier Aubert
SWEN Capital Partners director
Reporting calendar
| 28/02/2023 | Full-year 2022 revenue and operational highlights |
| 26/04/2023 | Full-year 2022 results |
| 29/06/2023 | Annual general meeting |
| 27/09/2023 | First-half 2023 results |