Cindrigo Holdings Limited · LSE:CINH
Cindrigo — Investor Presentation (September 2025)
16 slides from Cindrigo's investor presentation, September 2025
Slide 1: Powering Europe's Future with Clean Reliable Energy
CORPORATE PRESENTATION H2 2025 POWERING EUROPE’S FUTURE WITH CLEAN RELIABLE ENERGY
Slide 2: Disclaimer
Disclaimer The information in this information memorandum has not been independently verified. No representation, warranty or undertaking, express or implied, is or will be made by Cindrigo or its directors, officers, employees, subsidiaries, affiliates, advisors and representatives (“Affiliates”) o
Slide 3: An active Clean Energy Developer, Owner and Operator
An active Clean Energy Developer, Owner and Operator High growing demand for more Energy Globally Every fossil fuel power plant that closes is a baseload plant that needs to be replaced Retiring fossil fuel plants removes critical baseload capacity that must be replaced CINDRIGO CORPORATE PRESENTATI
Slide 4: Urgent, Global Need for Baseload Energy
Urgent, Global Need for Baseload Energy ‘Baseload energy’ is the minimum amount of electricity needed to meet continuous demand on an electrical grid = 1,000 GW 3,000 GW 4,000 GW new baseload replacement clean of new power power baseload power generation is required Fossil fuel power plants currentl
Slide 5: Clean Baseload Power: Capacity Factor
Clean Baseload Power: Capacity Factor Technical & economic factors clearly validate the focus on clean baseload power Among low-carbon energy sources, only geothermal and WtE reliably deliver baseload capacity on par with nuclear, thanks to high-capacity factors and limited reliance on energy storag
Slide 6: Well Positioned | Ready to Deliver
Well Positioned | Ready to Deliver A Solid Platform 110MW • Meeting Growing Market Demand through Waste to Energy and Geothermal CHP Plant Constructed • Experienced Board and management team with a strong track record, deep engineering expertise, world-class partners, and proven technology • Finland
Slide 7: Board of Directors
Board of Directors Renowned leadership with extensive experience in Jörgen Andersson Lars Guldstrand Dag Andresen Mustaq A Patel Johan Glennmo Alan Boyd Jack Clipsham CHAIRMAN CEO & DIRECTOR CFO & DIRECTOR CCO & DIRECTOR NON-EXEC NON-EXEC INDEP NON-EXEC INDEP energy DIRECTOR DIRECTOR DIRECTOR Strate
Slide 8: Geothermal Technical Team
Geothermal Technical Team Ishtiaq Ahmed HEAD OF REGION CENTRAL EUROPE – SUB SURFACE FOCUS Expert Ishtiaq oversees all operational activities for Cindrigo in Central Europe technical Ishtiaq, a seasoned oil and gas executive, has seamlessly transitioned to geothermal energy, leveraging over 20 years
Slide 9: Finland – Waste to Energy
Finland – Waste to Energy 110 MW Asset Overview Combined Heat and Power Plant • 110 MW Combined Heat & Power (CHP) WtE Plant (90% ownership) 25 MW of electricity 85 MW of steam • Plant Valued at +€105M (depreciated asset); • Acquired 2024 for €18M on a 50-year lease Electricity to be delivered to th
Slide 10: Geothermal Development Opportunity
Geothermal Development Opportunity A strong pipeline of expansion targets in Europe Specific European geothermal resources identified for a first round of projects ▪ Rhine River Basin - Netherlands Germany ▪ Upper Rhine Valley Graben* Molasses Basin – Germany ▪ Upper Rhine Valley Rift – France ▪ Pan
Slide 11: Germany – Strong Government Support
Germany – Strong Government Support Flagship Geothermal Development Upper Rhine Valley (3 licenses, 125 km², 85% owned) • Mature geothermal zone • with over 400 oil & gas wells and 24 deep geothermal wells • Resource Potential +400MW Development Plan c. 300MW Germany National goal: - 10 TWh geotherm
Slide 12: Staged Roll-out
Staged Roll-out Development Plan per license 2027 Weinheim Project PHASE 1 – Phase 1 Heat c 30 MW CAPEX €50 million - Initial phase: 25MW Development Plan 90-100MW HEAT targeting c.30 MW NET ca €30 million Preparation Prep c. 3m 50% covered by Gov c.12-18months Net € 1.5m 2028 Worms Project Drill Pr
Slide 13: London Listing: Enabling Scalable Growth
London Listing: Enabling Scalable Growth No of shares at admission: SHAREHOLDING 333,914,907 Post Admission Fully diluted: 496,853,819 • Listed on London Stock Exchange Main Market (CINH) Equity Shares (Commercial Companies) category Market Cap at Admission: £40m • Provisional approval of inclusion
Slide 14: Powering Europe's Clean Energy Future
Powering Europe’s Clean Energy Future • A clean energy Owner - Operator & Developer WHO WE ARE • Focused on delivering scalable, baseload power & energy • Urgent need for reliable, Clean / low-carbon energy WHY NOW • Energy demand is surging. Global capacity must triple by 2050 • Fossil baseload is
Slide 15: Committed to building shareholder value
With established growing revenues, a clear growth path and multiple value uplift opportunities, Cindrigo is committed to building shareholder value, Near- Mid- and Long-Term ST focus - commence commercial operations at the Kapiola WtE plant Use the revenue and listing to support staged expansion int
Slide 16: Contacts
Contacts Investor Relations ir@cindrigo.com www.cindrigo.com CINDRIGO CORPORATE PRESENTATION | H2 2025 16
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