Aker Horizons ASA · SWB:7QF
Aker Horizons ASA — Investor Presentation (March 2022)
20 slides from Aker Horizons ASA's investor presentation, March 2022
Slide 1: Accelerating the energy transition
Accelerating the energy transition
Slide 2: Increasing momentum for the energy transition
Increasing momentum for the energy transition Climate change Net zero targets EU ETS rates Energy security GHG emissions recognized as Governments committing to Social awareness and corporate Geopolitics supporting build- the driving force behind Net Zero targets – responsibility initiatives, out of
Slide 3: Aker Horizons' mission: Maximizing impact and value creation
Aker Horizons’ mission: Maximizing impact and value creation Global energy supply (Exajoules) Billion internet users 250 6 solar, wind and Aker Horizons: other renewable (2020-2050) 5 200 internet oil ✓ Planet-positive principles at the core of investment process adoption (1945-2020) coal (1995-2020
Slide 4: Taking Net Zero from ambition to reality
Taking Net Zero from ambition to reality Energy transition challenges Aker Horizons' approach Immature value chains Broad technology scope Feedstock/demand location gap Integrate to accelerate Limited offtake commitments Further value creation downstream Capital intensity requires scale Diversified
Slide 5: Ecosystem of companies and assets for planet-positive impact
Ecosystem of companies and assets for planet-positive impact Companies Asset development Hydrogen Ammonia and methanol Green iron Incubation and M&A Infrastructure Separate management teams and BoDs Extensive technical & BD team Stand-alone financing Partnership with Aker Asset Management 5
Slide 6: Global network of leading partners
Global network of leading partners Asset Management 6
Slide 7: Aker Carbon Capture
Aker Carbon Capture Transforming the carbon capture industry through standardization • Pure play carbon capture company delivering ready-to-use capture plants • Validated certified market-leading proprietary technology, >50,000 operative hours Key projects Brevik CCS: the world’s first carbon captur
Slide 8: Mainstream Renewable Power
Mainstream Renewable Power Building a Renewable Energy Major – driving the energy transition • Renewable energy development platform with strategic focus on Power-to-X • Hybridization front-runner – building multi-technology, GW-scale portfolios globally ✓ 1.6 GW net in operation and under construct
Slide 9: Leading multi-technology developer with a 28 GW net portfolio
Leading multi-technology developer with a 28 GW net portfolio 8.9 GW 8.9 GW 2.6 GW 4.1 GW 3.0 GW Solar Onshore wind Bottom-fixed offshore wind Floating offshore wind Hydrogen Gigawatt-scale renewable energy Front-runner and market shaper 3.5 GW developed historically, Unique deep-water engineering P
Slide 10: Global footprint to originate and develop projects
Global footprint to originate and develop projects SN II 1.5 GW Bottom-fixed offshore wind Freja Offshore JV In development Bottom fixed and floating offshore wind In development Utsira Nord 0.5 GW Floating offshore wind Japan 0.8 GW In development Floating offshore wind In development Ulsan 1.2 GW
Slide 11: Our approach to asset development
Our approach to asset development 70+ FTEs Hybrid asset origination and development to accelerate industry decarbonization • See further value downstream – holistic value chain approach to drive deployment Origination • Large-scale projects financed with strategic partners including Aker Asset Manag
Slide 12: Hybrid hubs can unlock the hydrogen economy
Hybrid hubs can unlock the hydrogen economy Unlocking low-cost renewable energy Co-location with iron ore Consumer-driven decarbonization Moving downstream in the hydrogen value Narvik a prime example, several locations identified Auto manufacturers targeting green steel supply chain solves the mobi
Slide 13: Aker Narvik as first large-scale hybrid hub
Aker Narvik as first large-scale hybrid hub ✓ Secured strategically located land to develop green power-intensive industry ✓ Converting renewable power to green jobs and sustainable export industries ✓ The region has access to the cheapest renewable energy in Europe1 ✓ Excellent transport network, i
Slide 14: Narvik ideal for green iron through attractively priced hydropower and access to iron ore
Narvik ideal for green iron through attractively priced hydropower and access to iron ore Decarbonizing the steel value chain in Narvik Competitive cost of green iron from Narvik Iron ore Materials Materials 1 km 20 km pipe Export by ship Energy Energy Hydropower Hydrogen Green iron Production of pr
Slide 15: Strong balance sheet and diversified access to capital
Strong balance sheet and diversified access to capital Pro forma financials Financing flexibility at lower cost NOK in billions1 Significant available liquidity, strong 24.5 balance sheet Well funded, strategic owners in Aker Horizons and Mitsui Private and Access to deep, diverse and flexible 9.4 p
Slide 16: Aker Horizons is accelerating the energy transition
Aker Horizons is accelerating the energy transition ✓ Portfolio of focused companies tackling specific decarbonization challenges ✓ Hybrid asset origination and development platform to decarbonize industry ✓ Pursuing M&A and business incubation to enhance pipeline and value creation ✓ The industrial
Slide 17: Appendix
Appendix AKER HORIZONS
Slide 18: Attractive portfolio of hydrogen derivative projects
Attractive portfolio of hydrogen derivative projects Aukra Rjukan Narvik 400-2,500 MW 20 + 20 MW Hydrogen Blue Hydrogen Green Hydrogen Ammonia CO2 infrastructure H2-2022 Green iron Berlevåg Uruguay Chile 100 MW 200-800 MW Up to 2,400 MW Green Ammonia Green Ammonia Green Hydrogen and Methanol and amm
Slide 19: Disclaimer
Disclaimer This presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this presentation are based on current expectations, estimates and projections abo
Slide 20: Slide 20