Nos Nova As · OSL:NOSN
Nos Nova As — Horisont Energi — Q4 2022 Earnings Presentation
11 slides from Nos Nova As's earnings presentation, Apr 20, 2023
Slide 1: Horisont Energi Q4 and year-end 2022 presentation
Horisont Energi Q4 and year-end 2022 presentation 20 April 2023
Slide 2: Accelerating the transition to carbon neutrality through pioneering projects
Accelerating the transition to carbon neutrality through pioneering projects Carbon capture and storage + Clean energy production 2
Slide 3: A Norwegian clean energy and carbon capture and storage company
A Norwegian clean energy and carbon capture and storage company CARBON Founded 2019 with head office in Stavanger, Norway CAPTURE Pure play carbon storage & clean ammonia player AND with leading industrial partners STORAGE Committed to accelerating the energy transition Industrial ownership with E.O
Slide 4: 2022 highlights
2022 highlights Enters cooperation Horisont Energi and Signed option Delivery of formal agreement with E.ON, Polaris CO2 storage Program for impact Extends partnership with ESA approves state aid for E.ON sign LOI on agreement for the exploration license where E.ON acquires license awarded by the as
Slide 5: Events after the balance date
Events after the balance date • February 2023: Leading ammonia and • February 2023: Horisont Energi, fertilizer producer Fertiberia to replace Neptune Energy and E.ON signed an MoU Equinor and Vår Energi for Barents Blue for realization of a European CCS value clean ammonia project. HRGI is currentl
Slide 6: Priorities going forward – dual pillar development
Priorities going forward – dual pillar development Carbon capture and storage Clean energy production • Build and develop a European carbon • Formalise partnership with Fertiberia capture and storage value chain with • Continue efforts to secure gas supply for partners, based on valuable learnings f
Slide 7: Financial position enabling continued development of growth initiatives
Financial position enabling continued development of growth initiatives Good liquidity position for NOK 393 million current phase of operations - Fully-funded beyond 2024 at in year-end cash position current activity level Implications Attractive partner based on NOK 144 million technology, knowhow,
Slide 8: Income statement 2022
Income statement 2022 - Company had no income in the period - All costs are expensed except that office lease and some office equipment are capitalized and depreciated with 2.6 MNOK - Total operating cost is 143.5 MNOK This is net amount after reimbursement from partners of 89.5 MNOK - Net financial
Slide 9: Balance sheet 31.12.2022
Balance sheet 31.12.2022 Sw” Horisont energ amounts in NOK 31.12.2022 31.12.2021 All il 31.12.2022 31.12.2021 ASSETS EQUITY AND LIABILITIES Non-current assets EQUITY Right-of-use assets 2 9147 749 2.759 525 Paid-in equity Total non-current assets 9147 749 2759 525 Share capital 10,11 223.259 158 502
Slide 10: Outlook
Outlook • The strategy remains to develop industrial scale projects within CCS and clean ammonia • In the process of screening new areas for CO2 injections on the Norwegian Continental Shelf • Adapting work from the Errai and Polaris CCS projects – contributing to making new developments more cost a
Slide 11: Accelerating the transition to carbon neutrality through pioneering projects
Accelerating the transition to carbon neutrality through pioneering projects www.horisontenergi.no 11