Orron Energy Ab · OMXSTO:ORRON
Orron Energy Ab — Q2 2026 Earnings Presentation
16 slides from Orron Energy Ab's earnings presentation, Aug 5, 2026
Slide 1: Q2 Results 2026
Q2 Results 2026 Daniel Fitzgerald, CEO & Espen Hennie, CFO 5 August 2026
Slide 2: A Compelling Value Proposition
ORRÖN ENERGY – Q2 2026 RESULTS A Compelling Value Proposition Cloudberry ownership represents ~80% of Orrön Energy’s current market capitalisation 27% Ownership in Cloudberry Largest owner in a diversified and scaled Nordic IPP 5.7 Implied value of continuing business SEK/share1 39 MEUR 2026 EBITDA2
Slide 3: Cloudberry Transaction: Creating a Leading Nordic-Focused IPP
ORRÖN ENERGY – Q2 2026 RESULTS Production per Cloudberry Transaction Technology split Country (GWh) Creating a Leading Nordic-Focused IPP Hydro Denmark Sweden Norway Wind Finland MLK 2.1 TWh Sweden annual production following Diversified across all Nordic Svartvallsberget Norway transaction, more th
Slide 4: Cloudberry Transaction: Unlocking Value Through Scale and Strategic Ownership
ORRÖN ENERGY – Q2 2026 RESULTS Cloudberry Transaction Unlocking Value Through Scale and Strategic Ownership WHAT IS DIVESTED TRANSACTION CONSIDERATION - 246 MEUR 758 GWh 27% 93 MEUR 4.2 MEUR of Nordic Ownership in Settlement of Cash assets including Cloudberry outstanding development pipeline loan b
Slide 5: First Six Months 2026
ORRÖN ENERGY – Q2 2026 RESULTS First Six Months 2026 Continuing Operations POWER GENERATION 113 GWh INCLUDING COMPENSATED VOLUMES REVENUES 1 13.1 MEUR EBITDA 2 2.8 MEUR 76 MEUR Defence claims for AT 70 EUR/MWH ACHIEVED PRICE reimbursement of historical Sudan NET DEBT The District Court trial in the
Slide 6: Karskruv Power Generation
ORRÖN ENERGY – Q2 2026 RESULTS Production Outlook 2026 210-270 GWh Karskruv Power Generation 2026 EBITDA excluding hedges1 12 to 16 MEUR High-quality asset delivering long-term power generation and cash flow 70 90 90 80 80 80 EUR/MWh 70 70 achieved in 1H 2026 73 69 66 Achieved electricity price 60 6
Slide 7: Development Business | Scaling Beyond Renewables
ORRÖN ENERGY – Q2 2026 RESULTS Development Business | Scaling Beyond Renewables Leveraging our Renewables Expertise and Power-First Strategy for Data Centre Developments Renewables Platform 8 GW Data Centre Platform 4 GW Delivering Repeatable Project Sales Maximising the Value of Powered Land U N I
Slide 8: A Material Data Centre Business
ORRÖN ENERGY – Q2 2026 RESULTS A Material Data Centre Business Large Scale Data Centre Portfolio Delivered through our Renewable Project Competence THREE DATA CENTRE VERTICALS LARGE-SCALE PORTFOLIO WITH MATERIAL OPTIONALITY Data Centre Developments UK Germany France 2 GW in development >2 GW of proj
Slide 9: Active Project Sales Processes
ORRÖN ENERGY - Q2 2026 RESULTS Active Project Sales Processes Total advanced Sales processes initiated Sales process expected pipeline 2H 2026 ~3 GW 12 GW 300 MW PV DC 15 MEUR1 1.8 GW total consideration BESS 260 MW German solar UK solar UK data centre German energy hubs sales to date combining data
Slide 10: Financial Highlights: Second Quarter 2026 Results
ORRÖN ENERGY – Q2 2026 RESULTS Financial Highlights Second Quarter 2026 Results Continuing Operations REVENUE 1 6.2 MEUR EBITDA 2 1.1 MEUR INCLUDING 1.8 MEUR OF SUDAN LEGAL COSTS 46 GWh NET DEBT 90.5 MEUR POWER GENERATION INCLUDING COMPENSATED VOLUMES - END Q23 ACHIEVED PRICE 56 EUR/MWh - EXPECTED A
Slide 11: 2026 Outlook
ORRÖN ENERGY – Q2 2026 RESULTS 2026 Outlook Continuing Operations 1H 2026 Actuals POWER GENERATION 1 210-270 GWh 113 GWh OPERATING EXPENSES 4-5 MEUR 2.2 MEUR G&A EXPENDITURE 2 4-5 MEUR 2.2 MEUR SUDAN LEGAL COSTS 4.5 MEUR 4.1 MEUR DISTRICT COURT TRIAL CONCLUDED Q2, VERDICT EXPECTED DECEMBER 202 6 CAP
Slide 12: 2026 Key Financial Metrics
ORRÖN ENERGY – Q2 2026 RESULTS 2026 Key Financial Metrics Q2 2025 Q3 Q4 Q1 2026 Q2 Continuing Operations Power generation (GWh) 46 39 58 66 45 Achieved price (EUR/MWh) 49 42 54 80 56 6.9 6.2 5.2 3.9 3.3 2.9 MEUR 3.6 2.3 0.6 1.6 -0.1 1.2 1.1 Revenues from 2.0 1.6 3.7 -0.7 2.0 project sales -1.9 Q2 Q3
Slide 13: Achieved Price
ORRÖN ENERGY – Q2 2026 RESULTS Achieved Price First Six Months 2026 Continuing Operations 89 1 SE4 premium to Capture price 79 -13 average system price discount2 -7 70 2026 1H 12% 7% EUR/MWh 2025 52% 12% 2024 38% 22% 2016-2025 31% Average Average SE4 Other Hedging Capture Average system spot price r
Slide 14: Four Clear Sources of Value for Shareholders
ORRÖN ENERGY – Q2 2026 RESULTS Four Clear Sources of Value for Shareholders 27% ownership Large-scale Long-term Strong balance in Cloudberry development cash-flows sheet with low pipeline from Karskruv leverage Largest owner in Cloudberry Value creation through High-quality asset delivering Largely
Slide 15: Disclaimer
Disclaimer Forward-Looking Statements Statements in this presentation relating to any future status or circumstances, including statements regarding future performance, growth and other trend projections are forward-looking statements. These statements may generally, but not always, be identified by
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