COMPANIES OF THE SUN CITY GROUP

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The SunCity Group is a leading company in the renewable energy sector, primarily focused on the development, design, construction, management, and maintenance of photovoltaic plants. Founded in 2012, the company is controlled by its founders through the holding company SunCity Group and has developed a vertically integrated corporate structure that allows it to operate in all aspects of the solar energy supply chain. In addition to photovoltaics, SunCity is active in energy trading and the provision of dispatching services to the electricity grid.

The corporate structure consists of several entities:

• SunCity Group Srl: Strategic coordination, sales and marketing, administration and finance, ICT, and human resources management.
• SunCity Srl: EPC and Asset Management activities, focusing on the construction of Medium Voltage photovoltaic plants, both rooftop and ground-mounted, intended for self-consumption by commercial and industrial clients as well as grid injection.
• NetCity Srl: A complete range of products and services for the consumer market, including installation and maintenance of heating and air conditioning systems, electric mobility solutions, self-production and energy storage systems, and services related to Superbonus and Ecobonus incentives for residential and small business sectors.
• bSun Srl: Energy Service Provider dedicated to developing new digital energy solutions and energy communities.

The SunCity Group has over 130 employees and a network of 300 SunCity partners. It serves more than 6,500 clients, including private individuals, SMEs, and industrial companies. In 2023, its consolidated revenue was 66.2 million euros, with an EBITDA of 15%.
Thanks to its continuous expansion, SunCity has been recognized among the 30 fastest-growing Italian companies by Il Sole 24 Ore and ranked 159th in Europe by the Financial Times. It has also secured strategic investments from FIRA and A2A Energia, further solidifying its position in the sector.
SunCity was selected among the 8 Italian companies by Invitalia to represent the country at the VentureOut event in New York and has won awards such as Smart&Start and StarHope.
The mission of SunCity Group is to make clean energy accessible and affordable for businesses and individuals, basing its operations on core values such as trust, vision, responsibility, and innovation.
With its integrated structure, continuous pursuit of innovation, and strong partnership network, SunCity Group is today one of the most dynamic players in the renewable energy sector in Italy, with prospects for further expansion and consolidation in the European energy market.

THE ANALYST'S OPINION

The analysis of the company proposing to raise funds is based on the report provided by EasyFintech S.r.l. - License art. 134 TULPS Prefecture of Milan protocol no. 14795/12B15E dated 31/01/2020 - based on available banking database calculators such as Crif, CriBis, CeBi, Cerved, Dun & Bradstreet, InfoCamere, and other financial scoring tools that combine traditional analyses (economic-financial, trend, reputational) with statistical methodologies based on Artificial Intelligence, Machine Learning, and Data Analysis.

Bsun S.r.l. is a special purpose vehicle company headquartered in Pescara, established in 2024 with ATECO code 35.14, whose primary corporate purpose is "Trade of electricity."

The sole director of the company is Massimo Cavaliere, with no negative records found.

Regarding the main evaluation parameters, it should be noted that it was not possible to calculate the relevant indices since the company is newly established and serves as an investment vehicle for the Sun City group.

The primary parameters, therefore, indicate a situation typical of a newly established company, as reflected in the financial statements, which has made it impossible to activate scoring calculators such as Rating Cribis D&B and CeBi Score 4 within the analysis and reporting.

Regarding the CR Score, although this parameter is reserved, it was also not possible to calculate it since, at the time of analysis, the company had no active credit lines with financial institutions.

In 2023, the Sun City Group filed its consolidated financial statement, allowing for an analysis of the group. The company is positioned in a V2 risk class with a one-year probability of default of 1.99%. This class includes 10.7% of companies with the same ATECO code. In the last year, excluding the geo-sector component, the economic-financial score alone would classify the company in the Vulnerability class.

Overall, from an economic-financial perspective, a medium risk level is evident; however, the company has a significant track record and high-level management, placing the Group in a medium-risk category for the sector.

CONCLUSIONS

The company Bsun S.r.l. is a special purpose vehicle and, as such, has limited historical data and an independent capacity to repay debt. In this specific case, the analysis has given greater weight to technical-project aspects rather than the limited financial figures and purely economic-financial company analysis. It will also be crucial to monitor the development of assets and their subsequent refinancing or sale. A positive note is the group's track record and management experience. It is recommended to activate a guarantee from the parent company.

It should be noted that the above indications are only a reference to help investors make an informed and autonomous decision based on their own risk propensity. A thorough evaluation of all available elements is always recommended.

CONTRACTUAL STRUCTURE

The Financing Agreement is a purpose-specific loan: BSUN S.R.L. is committed to using the funds received from investors exactly as outlined in the Project presented in the public offer and not diverting them for other purposes.

COST STRUCTURE

The cost structure is as follows:

The financing obtained through Ener2Crowd will cover a variable amount between 21% and 34% of the plant's Capex.

AMORTIZATION PLAN OF THE LOAN

The amortization plan provides for the repayment of Capital only with the final installment. There are quarterly installments with only the Interest Portion varying according to EURIBOR3M. 

The following interest rates apply:

• 6.50% + EURIBOR3M - For employees of the Sun City Group
• 6.00% + EURIBOR3M - For all other investors

The first amortization plan for Bsun S.r.l. is calculated with an interest rate of 6.00%+EURIBOR3M of January 2024 for a total of €400,000.

The second amortization plan for Bsun S.r.l. is calculated with an interest rate of 6.50%+EURIBOR3M of January 2024 for a total of €400,000.

N.B.: The amortization plan begins on the first available date after the release terms expire. Therefore, the schedule provided here is a mere simulation containing the first available date in case of campaign completion at its expiration.

*Gross of any applicable tax withholdings.

*Gross of any applicable tax withholdings.

CONFLICTS OF INTEREST

Relevant Subjects, except for the Conflict of Interest Policy Officer and the Crowdfunding Service Provider, who cannot under any circumstances participate in the Crowdfunding Offers published on the Platform, are authorized to invest in this Crowdfunding Offer, on equal terms with all other Investors and without preferential treatment or privileged access to information. For more information, please refer to the policy at the following link.

SDGs ACTIVATED BY THE PROJECT

By financing this project, you can contribute to supporting and implementing the following SDGs (Sustainable Development Goals):


Why these SDGs?

• SDG 7 production of accessible electricity from renewable sources;
• SDG 9 implementation of resilient structures and infrastructures;
• SDG 11 improvement of energy efficiency and strengthening of communities;
• SDG 12 responsible and efficient consumption of available resources;
• SDG 13 combating and mitigating climate change with the relative reduction of GHG emissions.

Become a protagonist of the future and sustainable development by financing this initiative!

SOLAR PLANT

Photovoltaic panels are devices that convert sunlight into electricity. Composed of solar cells containing semiconductor materials, the panels capture photons from the sun and transform them into direct current. This clean and renewable energy can be used to power our homes, production facilities, transportation, and businesses, reducing environmental impact. In addition to this benefit, there is also a financial advantage derived from self-consumption and/or the sale of the energy produced by the system. Estimates predict over 50 GW of new photovoltaic capacity for European countries. This would place Europe on an expansion path, with a projected average annual growth of 85 GW by 2026. In 2022, 41.4 GW of photovoltaic systems were installed across Europe, marking a +47% increase compared to the 28.1 GW installed in 2021. Photovoltaics represent one of the most promising renewable technologies, playing a crucial role in driving us towards decarbonization. Supporting these types of initiatives is essential to bringing us closer to this goal of a more sustainable future.

WHAT ARE THE ENVIRONMENTAL BENEFITS GENERATED BY THE PROJECT?

It is estimated that the photovoltaic project developed by Bsun Srl will have a capacity of 0.9 MWp, producing in one year an amount of energy equivalent to:

These are the effects and benefits that can also be generated thanks to your contribution!