Group 1 - The Bank of Lithuania approved the first supplement of the base prospectus for a EUR 100,000,000 Unsecured Fixed Rate Note Programme by UAB "Atsinaujinančios energetikos investicijos" [1] - The decision allows for the admission of the Notes to trading on the bond list of the regulated market AB Nasdaq Vilnius [1] Group 2 - The contact person for further information regarding the investment company is Mantas Auruškevičius, Manager of the Investment Company [2]

Group 1 - The company UAB "Atsinaujinančios energetikos investicijos" is a closed-end investment company intended for informed investors [1] - The company's securities, specifically the Bonds, are listed and admitted to trading on the Bond List of Nasdaq [1] - The company has received a notification regarding transactions in its Bonds from a person closely associated with individuals discharging managerial responsibilities [1]

Core Insights - NextNRG, Inc. has formed a strategic partnership with Hudson Sustainable Group to enhance capital access for developing renewable energy projects, including solar, battery storage, microgrids, and wireless EV charging [1][2][3] Company Overview - NextNRG is focused on AI-driven energy solutions, aiming to revolutionize energy production, management, and delivery through its Next Utility Operating System and smart microgrids [1][7] - The company is expanding its operations in on-demand mobile fuel delivery and wireless EV charging, positioning itself as a leader in the energy transition [9][10] Partnership Details - The partnership allows Hudson Sustainable Group to prioritize funding for selected projects within NextNRG's national pipeline, facilitating the development of utility-scale energy assets [2][3] - Hudson Sustainable Group has mobilized over $13 billion in capital for renewable energy and clean transport infrastructure, indicating strong financial backing for the partnership [4] Strategic Goals - The collaboration aims to scale AI-optimized energy infrastructure to meet the increasing demand for resilient power solutions, enhancing project execution and commercial pipeline [5] - NextNRG's strategy includes deploying smart microgrids that utilize AI for energy management, targeting various sectors such as commercial properties and healthcare [8]

Financial Overview - As of March 31, 2025, the Company's total assets amounted to EUR 189,711 thousand, with total equity at EUR 98,345 thousand and total liabilities at EUR 91,366 thousand [4] - The Company's investment assets at fair value through profit or loss were EUR 167,392 thousand, reflecting an increase of EUR 7,490 thousand or 4.68% compared to December 31, 2024 [4] Performance Summary - For the period of January to March 2025, the Company reported a comprehensive loss of EUR 2,205 thousand [4] - The financial outcome is primarily due to the Company's income structure, which is dependent on changes in the fair value of its investment portfolio [4] - The valuation of the Company's investment portfolio is conducted annually by an independent appraiser, with the next assessment scheduled for October 31, 2025 [4] Expense Breakdown - During the first quarter of 2025, the Company incurred expenses related to development projects, operational activities, and cost of debt [4]

Financial Data and Key Metrics Changes - In 2024, the company achieved adjusted earnings per share (EPS) growth of 10%, with adjusted net investment income (NII) increasing by 22% to $264 million [31][39] - The total managed assets reached $13.7 billion, an 11% year-over-year increase, with the portfolio on the balance sheet growing to $6.6 billion, up 7% from 2023 [34][36] - The weighted average yield of new investments exceeded 10.5% in 2024, contributing to an increase in portfolio yield from 7.9% to 8.3% [35][36] Business Line Data and Key Metrics Changes - The company closed $2.3 billion in transactions for the year, including a record $1.1 billion in Q4, maintaining strong activity levels across various asset classes [32][34] - The pipeline of investments is valued at over $5.5 billion, with 48% behind the meter, 27% front-of-the-meter (FTM), and 25% grid-connected [31][32] Market Data and Key Metrics Changes - U.S. electricity demand is projected to double over the next 25 years, driven by factors such as data centers, domestic manufacturing, and electrification of buildings and vehicles [16][17] - The demand for clean energy projects is expected to grow significantly, as renewables are the least expensive and fastest to deploy alternatives to meet rising energy demand [9][10] Company Strategy and Development Direction - The company is extending its adjusted EPS guidance for annual growth of 8% to 10% through 2027, reflecting confidence in its business model and market fundamentals [8][39] - The strategic focus includes expanding into new asset classes and international markets while maintaining a strong core business [24][113] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in adapting to policy changes and maintaining investment opportunities despite uncertainties in the regulatory environment [11][39] - The company anticipates continued growth in clean energy projects, driven by fundamental economic dynamics and the need for carbon-reducing solutions [10][11] Other Important Information - The company announced an increase in its dividend to $0.42 per share, targeting a payout ratio of 50% by 2030 [9] - The organizational changes include Mark Pangburn transitioning to Chief Revenue and Strategy Officer, focusing on investment and portfolio management [6][7] Q&A Session Summary Question: Timing of New Opportunities - Management indicated that some new opportunities are tangible and near-term, while others may take longer to materialize, with a focus on infrastructure assets with long-term cash flows [42] Question: Expansion into New Markets - Management clarified that the expansion into new markets would not change the funding strategy, maintaining consistency with historical funding methods [44] Question: Co-Investment Partnerships - Management stated that while discussions about future co-investment strategies are ongoing, it is premature to provide details on new partnerships beyond the current one with KKR [49] Question: International Opportunities - Management emphasized that international expansion will likely be with existing clients, ensuring a comfort level in new markets [114] Question: Yield and Investment Strategy - Management noted that the yields on new asset classes are still to be determined, but they expect them to be similar to existing asset classes in terms of risk and return [108] Question: Impact of Tax Credit Changes - Management acknowledged that a reduction in tax equity could create a gap in the capital stack, potentially increasing investment opportunities for the company [68] Question: Market Stress and Project Delays - Management observed that policy uncertainty is causing stress in end markets, leading to extended timelines for project development [96]