Q: NPI recently announced the commencement of the new Oneida battery storage Project (ahead of schedule and under budget). They also have two wind projects under way, in Poland and Taiwan. I believe. I am having trouble estimating the value of each of these projects. Can you tell me the expected revenues, free cash flow, and EPS of each project and when the wind projects are expected to come on stream?
5i Research Answer:
NPI has not specifically provided this information. From its corporate presentation, it only offers EBITDA forecasts (total) as the projects come on stream. EBITDA is expected to go from $1.2B to $1.6B to $1.8B by 2027 as the projects hit completion. On page 15 of the presentation.