Slide 1: Interim Report Q2 January-June
INTERIM REPORT Q2 JANUARY-JUNE AUGUST 21ST, 2024
Slide 2: Agenda
AGENDA • OFFSHORE WIND MARKET • HEXICON KEY INSIGHTS • Business Model • Project Development • Technology Advancements • Q1 HIGHLIGHTS • MUNMUBARAM UPDATE • OUTLOOK HEXICON Q1 INTERIM REPORT 21/08/24
Slide 3: The Offshore Wind Market
THE OFFSHORE WIND MARKET • Market starts to warm up • Macro-economic factors still impact the market • Global floating wind forecast 8.5 GW by 2030 • New important market developments with political initiatives globally: • UK • Italy • Korea HEXICON Q2 INTERIM REPORT 21/08/24
Slide 4: Hexicon Key Insights
HEXICON 1. EXPERIENCE 3. DIVERSIFIED PORTFOLIO KEY INSIGHTS More than 15 years of experience in floating offshore wind. A diversified global project portfolio of various maturity. . • A diversified global project portfolio of various maturity. 2. TECHNOLOGY 4. PARTNERSHIPS Competitive and patented S
Slide 5: Hexicon's Business Model
HEXICON’S BUSINESS MODEL PROJECTS TECHNOLOGY Hexicon is a global early-stage project developer of floating offshore wind and a technology Early-stage Next-generation provider of the patented floating wind design - development floating wind power TwinWind With local partners Patented in key markets T
Slide 6: Project Development
PROJECT DEVELOPMENT • Global diversified portfolio • 12 active projects UK SWEDEN • 6 prospects ITALY SOUTH KOREA IRELAND Gross Portfolio (MW) Net Portfolio (MW) SOUTH AFRICA 8 850 Total Total 5 257 23,4 GW 14 557 12,9 GW 7 649 ACTIVE PROJECTS PROSPECTS Projects Prospects Projects Prospects HEXICON
Slide 7: Technology Update
TECHNOLOGY UPDATE Hexicon continues to make progress in the TwinHub project through its development work of the TwinWindTM technology • New TLP (Tension Leg Platform) patents since January; India, Japan, South Korea and Brazil • June 14th - the Swedish PMD decided to maintain the Swedish Patent and
Slide 8: Q2 Highlights
Q2 HIGHLIGHTS • Formal operational takeover of the MunmuBaram project completed at the end of June • Submission of the Change of Control application to the South Korean Ministry of Trade, Industry, and Energy (MOTIE) • Extension of current credit facility from July 12th until December 31st • On the
Slide 9: MunmuBaram Update
MUNMUBARAM UPDATE • Formal operational takeover completed • Environmental Impact Assessment submitted to South Korean authorities; approval expected within weeks • Transmission System Agreement proposal received • Approval from authorities on the Change of Control, a prerequisite for the handover of
Slide 10: Outlook
OUTLOOK FIRST PRIORITY • Secure and improve the company’s financial structure • Establish a new ownership structure for MunmuBaram • Accomplish full or partial divestment of selected projects SECOND PRIORITY • Increase project maturity in selected projects for value- creation • Secure new additions
Slide 11: Thank You for Listening!
THANK YOU FOR LISTENING! HEAD OFFICE Östra järnvägsgatan 27 111 20 Stockholm, Sweden www.hexicongroup.com