📢 Updates from Generation Capital - Q2 2024 Results! We are pleased to present the financial results for the first half of 2024. Despite the challenging environment, our investments have demonstrated resilience, with continued improvement across all key financial metrics. • Key Achievements: Pre-tax Profit: ₪65 million FFO: ₪235 million, reflecting a multiplier of ~1.6 relative to current share price NAV per Share: ₪1.9 (net of deferred taxes) Annualized Return on Investments: ~7% Pre-tax Return on Equity: ~6.2% Strategic Moves: Signed an MoU to sell our stake in UK’s Porterbrook for 577 million NIS, enhancing our financial flexibility for future growth. Sustained strong performance across our core sectors: energy, environment, and transportation. Erez Balasha, CEO of Generation: " Despite the challenges posed by the ongoing war in Israel, our investments have continued to deliver robust performance, with significant growth across all financial parameters. The sale of our stake in Porterbrook positions us to further strengthen our asset base and deliver value to our shareholders". Generation Capital remains committed to driving value and fostering resilience in critical infrastructure sectors, providing essential services to the public and ensuring economic independence. BlueGen Ltd. | Powergen | Bon Tour Ltd. | Fridenson Group | Metropoline - Public Transportation
Generation Capital
Financial Services
Tel-Aviv, Israel 1,047 followers
The first listed infrastructure fund in Israel
About us
- Website
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https://generationcapital.co.il/
External link for Generation Capital
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Tel-Aviv, Israel
- Type
- Public Company
Locations
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Primary
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Nissim Aloni 10
Tel-Aviv, Israel, IL
Employees at Generation Capital
Updates
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Great news coming from Powergen!
Exciting News! We are thrilled to announce that Powergen has signed a ground-breaking MOU with the esteemed Fattal Hotels chain! As part of this agreement, PowerGen will invest 120 million NIS to build BTM Energy storage systems (BESS) and gas engines with a capacity of approximately 30 MW across Fattal's hotels. Additionally, we will supply about 155 million kWh of electricity annually to Fattal. This 15-year agreement is a landmark achievement in Israel's energy sector, combining the construction of storage facilities and gas engines with the direct supply of electricity to the client's properties. Yoav Har Even, CEO of PowerGen, stated: "This collaboration with Fattal hotel chain is another milestone for PowerGen, solidifying our position as a unique and integrative energy company. This is one of the most significant transactions of its kind that has been signed in Israel, where an energy company is building such a large capacity within the premises of its client and supplying electricity directly to the client's facility."
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Yesterday, at the 9th Energy and Economy Conference, Dan Kleinberger, the CEO of Powergen's asset management division (owned by Generation Capital), delivered the opening lecture for the "Electricity Supply - Competition in Supply - Challenges in Bringing Competition to the Consumer" panel. Additionally, Powergen's VP of Business Development and Marketing, Yaniv Shvinkelstein, participated in the same panel >>
Yesterday, at the 9th Energy and Economy Conference, Dan Kleinberger, the CEO of Powergen's asset management division, delivered the opening lecture for the "Electricity Supply - Competition in Supply - Challenges in Bringing Competition to the Consumer" panel. Additionally, Powergen's VP of Business Development and Marketing, Yaniv Shvinkelstein, participated in the same panel. In his lecture, Dan Kleinberger discussed Powergen's vision, activities, goals, and future plans. "Powergen is a vertically integrated market leader in the Israeli energy sector. We own and operate a diverse portfolio of energy sources in various available technologies including natural gas, solar and storage. Electricity supply is at the heart of our businss model. Our strageic partnership with Bezeq, targeting the retail market, is positioned to become the leader of the Israeli electricity supply market." Kleinberger noted. Yaniv Shvinkelstein said, "In order to create a perfect market, a fundamental condition must be met: demand must meet supply. Currently, a significant portion of the competitive supply (conventional power plants) is not participating in the market at all. Barriers must be removed, and the electricity supply available to the "market model" must be increased."
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We are proud to share some exciting news! BlueGen Ltd., a company owned by our fund, has signed a significant PPP agreement with the state of Israel to establish a unique, first-of-its-kind groundwater remediation plant in Ramat Hasharon. This agreement will enhance real estate availability in central Israel and promote environmental development for housing, employment, leisure, and environmental quality in the region!
We are delighted to announce the signing of a contract between BlueGen Ltd. and the state of Israel for a major PPP project to develop a national groundwater remediation plant in Ramat Hasharon. This project encompasses financing, construction, operation, and maintenance, with an expected annual treatment of 5.5 million cubic meters for 25 years. Our goal is to transform polluted groundwater into high-quality water that meets stringent standards. BlueGen CEO, Leehu Hacohen, stated: “I’m thrilled about the opportunity to lead Israel’s flagship groundwater remediation project. I am confident in BlueGen’s ability to execute this national-scale assignment to the highest standards. While there is a lot of work ahead, we are ready for the challenge.” The ceremony was attended by Erez Balasha, Generation Capital’s CEO #groundwater #ppp #pollution #watertreatment #remediation
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We are pleased to announce that Eliav Pollack is joining Generation Capital as a Partner and Chief Investment Officer. Welcome, Eliav!
אליאב פולק מונה לשותף ומנהל השקעות ראשי בקרן ג'נריישן - וואלה כסף
finance.walla.co.il
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Leehu Hacohen, CEO of BlueGen Ltd. ,Generation Capital's company, shares his vision for the future of waste management in Israel in an insightful column. Read more >>
במענה לשאלת מדור העסקים של מעריב, קורא Leehu Hacohen, מנכ"ל חברת BlueGen Ltd., זרוע איכות הסביבה של קרן התשתיות והאנרגיה, Generation Capital, לתיקון מעמיק בתחום הפסולת בישראל – מהטמנה למיון, מיחזור והשבה. חברת בלוג'ן מובילה פרויקטי תשתית לאומיים בעלי חשיבות מכרעת לעתידה הירוק של המדינה והטיפול המיטבי בפסולת המוצקה שלה. מוזמנים להצטרף אלינו בנטילת אחריות לכדור שלנו. יש לנו רק אחד כזה.
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We were thrilled to meet with so many attendees at yesterday's Generation Capital Investor Conference! Our CEO, Erez Balasha, provided a compelling overview of Generation Capital's plans, introducing the CEOs of our four thriving investments: * Sagi Katz, CEO of Bon Tour Ltd., highlighted their competitive edge and strategy aligned with their revenue goals. * Yair Katzir, CEO of Metropoline, presented their impressive growth trajectory, highlighting how they leverage geographic synergies compared to other companies in the market. * Leehu Hacohen, CEO of BlueGen Ltd., emphasized the exciting opportunities in the water, waste, and soil purification segment of the environmental market. * Yoav Har Even, CEO of Powergen, discussed the strategic partnership with Bezeq in the Bezeq-Energy project, which will revolutionize the electricity market and showcase the company's significance in the power generation and supply segments across Israel. Our investments play a crucial role in advancing Israel's infrastructure and energy sectors, boosting competition and efficiency. Our strategic presence across these sectors guarantees seamless integration and operational efficiency in all our projects, leveraging economies of scale and enhancing our value chain. The strengths of our investments in capability, leadership, and strategic vision drive growth and excellence, making a significant contribution to the economy. We're excited about the future of Generation Capital and its investments, and we look forward to continuing to innovate and drive growth across all sectors! For the full presentation presented at the conference >> https://lnkd.in/dmuFFHDS
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We are excited to announce the launch of Bezeq Energy, a collaboration between PowerGen, the energy company of Generation Capital Fund, and Bezeq!
We are thrilled to announce the launch of a game-changing collaboration between Powergen and Bezeq - introducing "Bezeq Energy"! Bezeq Energy aims to revolutionize the electricity market, offering consumers a combination of benefits: affordability, intelligence, and efficiency. Through our partnership, PowerGen will supply Bezeq Energy with electricity sourced from a diverse range of facilities, including natural gas power plants, gas engines, solar installations, and storage facilities. We are committed to sustainability - approximately 35% of our electricity coming from renewable sources, we're prioritizing a greener future. Yoav Har Even, CEO of PowerGen: "Bezek Energy will revolutionize the electricity sector and foster real competition in the market. Yesterday's launch represents the implementation of PowerGen's vision and strategy. As an integrative energy company, PowerGen operates across the entire value chain—from electricity production and storage to its delivery to the final consumer—utilizing a variety of production technologies that ensure a reliable and efficient supply. Bezek Energy's customers will benefit from the powerful synergy between PowerGen and Bezek, which will maximize capabilities."
בזק ו־PowerGen משיקות את מותג החשמל שלהן. אלה ההנחות שיציעו
globes.co.il
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Generation Capital Fund Publishes First Quarter Results for 2024 Here are the highlights: Profit Before Tax: Approximately NIS 67 million Investment Growth: Continued impressive growth in the fund's investments Generation FFO: Approximately NIS 135 million for the first quarter Return on Capital Before Tax: Annualized return of approximately 12.8% Fund Assets Value: Approximately NIS 4 billion NAV Per Share (Excluding Deferred Taxes): Approximately NIS 1.9 Sector Performance: Electricity Sector (Powergen): Revenue increased to approximately NIS 320 million in the current quarter Environment Sector (BlueGen Ltd.): Total revenue rose to approximately NIS 310 million in the current quarter Transportation Sector (Bon Tour Ltd.): Continued organic and significant growth in transportation activity, with profitability surpassing forecasts. Metropolin established two new public transportation clusters, Eshkol Ono Elad and Eshkol Hasharon, significantly boosting revenues. Erez Balasha, CEO and founder of Generation Capital Fund: "During the first quarter, we implemented significant processes that strengthened our core investments and led to substantial growth in revenues and profitability, in line with our strategic plan. The merger of our energy activities under PowerGen has been completed, and we are optimally prepared for the transition to a market model expected to deliver great value in this area."
mayafiles.tase.co.il
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Excited to contribute to a greener and more environmentally sustainable future! BlueGen Ltd., owned by Generation Capital, is proud to announce its investment in the construction of a state-of-the-art waste sorting facility. This facility will be the largest and most comprehensive of its kind in Israel. Additionally, it is undertaking the development of a visitor center on-site.
עם מרכז מבקרים ובסטנדרט אירופאי: המתקן הגדול והמשוכלל במדינה למיון פסולת אריזות יוקם בעלות של עשרות מיליוני ש"ח | כלכליסט
calcalist.co.il