Cs Wind Corp. · KRX:112610
Cs Wind — Debt Investor Presentation (June 2023)
25 slides from Cs Wind's debt investor presentation, June 2023
Slide 1: CS WIND Portugal, S.A
une 2023 CS WIND Portugal, S.A XX, XXXXXXX 2017
Slide 2: Agenda
1. Introduction 1.1. About the Company 1.2. Sustainability Strategy 1.3. CS Wind Portugal Expansion Project 2. Rationale for setting-up Green & Sustainability-linked Financing Framework 3. Green & Sustainability-linked Financing Framework 3.1. Sustainability-Linked Financing Component 3.1.1. Selecti
Slide 3: 1.1. About the Company – CS Wind Corporation
1.1. About the Company – CS Wind Corporation CS Wind, headquartered in Korea, established its first production facility in Vietnam, 2003, and over the past decades, has provided more than 13,000 towers for major global projects and is now No 1 company in the wind tower market, supplying wind towers
Slide 4: 1.1. About the Company – CS Wind Portugal
1.1. About the Company – CS Wind Portugal CS Wind Portugal is operating two plants located in Portugal in order to respond to the demand of the European onshore and offshore markets. One of the plants is dedicated to the production of onshore wind towers, in Sever do Vouga, and another dedicated to
Slide 5: 1.2. Sustainability strategy
1.2. Sustainability strategy Sustainability comes naturally to CS Wind because it is embedded in the core business and everyday activities of the company. In the name of the company, “CS”, the acronym of ChoongSan (重山), means the “heavy mountain” that never collapses no matter how hard the wind blow
Slide 6: 1.2. Sustainability strategy
1.2. Sustainability strategy Sustainability at CS Wind goes by the motto "human progress that coexists with nature", as we make every effort to pass on a cleaner environment to the next generation, playing an important role in the development of green energy around the world. This entails promptly c
Slide 7: 1.2. Sustainability strategy: policies
1.2. Sustainability strategy This strategy is complemented by a set of policies and operating procedures that ensure the integration of good management practices in the different activities developed by CS Wind Portugal: Policies Description Safety Health Management Policy The company guarantees the
Slide 8: 1.2. Sustainability strategy
1.2. Sustainability strategy Additionally, CS Wind Portugal complies with health, safety and environment related legal duties according to the laws, regulations and other interested parties’ requests and CS Wind Portugal has implemented ESG management systems, being certified according to ISO 14001:
Slide 9: 1.3. Expansion Project
1.3. CS Wind Portugal Expansion Project Considering EU’s carbon targets, it will be necessary to install 70GW of offshore wind power by 2030, and As was (Oct 2022) 300GW by 2050. In 2020, offshore wind power turbines had, on average, a power of 8GW, with this value being expected to increase to 15GW
Slide 10: 1.3. Expansion Project
1.3. CS Wind Portugal Expansion Project Project Expansion Plan To increase production capacity in the manufacturing units in Porto de Aveiro (Offshore unit). Objective The plan, which is schedule to be concluded in March 2024, involves a total area of 220.000m2 (after the expansion in complete) and
Slide 11: 1.4. CS Wind Climate Change Action Plan
1.4. CS Wind Climate Change Action Plan To support the implementation of the carbon targets defined, CS Wind Portugal has developed and is currently analyzing a Climate Change Action Plan, including activities and projects that contribute to the reduction of carbon emissions and adaptation and mitig
Slide 12: 1.4. CS Wind Climate Change Action Plan
1.4. CS Wind Climate Change Action Plan Project Description Investment (M€) Results Emission reduction projects Replacement of equipment, such as replacement of diesel forklifts by To be defined Environmental benefits: - Scope 1 electric forklifts, replacement of fuel cars by electric cars. Reductio
Slide 13: Rationale for Green & Sustainability-linked Financing Framework
Setting up a Green & Sustainability-linked Financing Framework will play an important role in implementing CS Wind Portugal’s Sustainability Strategy and Expansion Project and it will be a crucial element in achieving climate and environmental targets. This framework is for application by CS Wind Po
Slide 14: 3.1. Sustainability-Linked Financing Component
3.1. Sustainability-Linked Financing Component This Sustainability-Linked Financing element of the Framework has been established for CS Wind Portugal in alignment with the Sustainability-Linked Loan Principles (SSLP), published by the Loan Market Association (LMA) in 2020 and updated in 2023 and wi
Slide 15: 3.1.1. Selection of Key Performance Indicators (KPIs)
3.1. Sustainability-Linked Financing Component 3.1.1. Selection of Key Performance Indicators (KPIs) In the table below, a description of these KPIs is presented: KPI Definition and calculation methodology Environmental benefit Performance By producing and selling wind KPI 1: Definition: Renewable e
Slide 16: 3.1.2. Calibration of Sustainability Performance Targets (SPTs)
3.1. Sustainability-Linked Financing Component 3.1.2. Calibration of Sustainability Performance Targets (SPTs) The Sustainability Performance Target (SPT) is in line with CS Wind Portugal’s Sustainability Strategy and Expansion Project and reflects material aspects of sustainability performance, in
Slide 17: 3.1.3. Financing characteristics
3.1. Sustainability-Linked Financing Component 3.1.3. Financing characteristics Financing instruments with sustainability-linked features can vary in their financial or structural characteristics and will be depending on the achievement or not of the pre-defined SPT defined according to the Framewor
Slide 18: 3.2. Green Financing Component
3.2. Green Financing Component This Green Finance component of the Framework was developed for CS Wind Portugal in alignment with the Green Bond Principles (2021 edition), established by the ICMA. This framework is also in compliance with the Green Loan Principles (2023 edition), developed by the LM
Slide 19: 3.2.1. Use of Proceeds
3.2. Green Financing Component 3.2.1. Use of Proceeds GBP Category Sub-category Environmental Objective EU Taxonomy activities SDG Projects Renewable Energy Offshore wind Climate change mitigation 4.3. Electricity generation from wind power SDG 7: Affordable and Clean Energy Expansion Project (chapt
Slide 20: 3.2.1. Use of Proceeds
3.2. Green Financing Component 3.2.1. Use of Proceeds GBP Category Sub-category Environmental Objective EU Taxonomy activities SDG Projects Energy Efficiency Vehicle energy Climate Change mitigation 6.4. Operation of personal mobility devices, SDG 7: Affordable and Clean Energy Emission reduction pr
Slide 21: 3.2.2. Process of evaluation and selection of Projects
3.2. Green Financing Component 3.2.2. Process of evaluation and selection of Projects Eligible Green Projects / Investments under the Expansion Project and other activities that contribute to climate change mitigation and adaptation will be evaluated based on compliance with the Use of Proceeds sect
Slide 22: 3.2.4. Reporting and transparency
3.2. Green Financing Component 3.2.4. Reporting and transparency CS Wind Portugal will prepare on an annual basis a report, to be shared with investors, on the allocation of the net proceeds of the green and sustainability-linked financing instruments, as well as associated impact metrics to further
Slide 23: 3.2.4. Reporting and transparency
3.2. Green Financing Component 3.2.4. Reporting and transparency CS Wind Portugal will annually report on the impact metrics of the financed Projects / Investments through the green financing instruments. Metric Definition and calculation methodology Renewable energy capacity in MW Definition: Renew
Slide 24: 3.3. External Review
3.3. External Review 3.3.1. Second party opinion CS Wind has mandated a second party, S&P Global Ratings, to provide a Second Party Opinion (SPO) on the present Green & Sustainability-Linked Financing Framework, including: ▪ The alignment with the Green Bond Principles and with Sustainability-Linked
Slide 25: Change & Challenge
Change & Challenge We use eco-friendly energy to create new values for the planet and humanity.