Cloudberry Clean Energy Asa · OSL:CLOUD
Cloudberry Clean Energy Asa — Q4 2024 Earnings Presentation
22 slides from Cloudberry Clean Energy Asa's earnings presentation, Feb 13, 2025
Slide 1: Cloudberry Clean Energy Fourth Quarter Report 2024
Q Cloudberry Cloudberry Clean Energy Fourth Quarter Report 2024 13 February 2025 Q Cloudberry
Slide 2: Disclaimer
Disclaimer This company presentation (the "Presentation" has been prepared by Cloudberry Clean Energy ASA (the "Company") and its subsidiaries (together the "Group" and is made solely for information purposes. This Presentation does not constitute any recommendation to buy, sell or otherwise transac
Slide 3: Agenda
Agenda Highlights & strategy Key Financials Market & summary Selselva
Slide 4: Q4 2024 highlights
Q4 2021 Q4 2022 Q4 2023 Q4 2024 • • • • • YE 2020 YE 2021 YE 2022 YE 2023 YE 2024
Slide 5: End to end provider of renewable energy in the Nordics
End to end provider of renewable energy in the Nordics The Cloudberry business model Type Capacity! Annual Production") e In production 4 346Mw & 1,069GWh / wa ood @ Under construction 4 omw OGWh a0} {o} S wy) O @ constructionpermit 4 s12mw 2 438GWh Develop j Own Value creation & @ cccxieg 4 1239 mw
Slide 6: A diversified and growing production portfolio across the Nordics
A diversified and growing production portfolio across the Nordics Annual production Legend Norway Sweden Denmark Totals 2022 2024 Run-rate producing assets? 2020 1) Annal run-rate production for assets and projects under construction based on normalized production.includes the Danish transaction sig
Slide 7: Profitable growth in the development portfolio, securing future growth
Profitable growth in the development portfolio, securing future growth Realized a ~NOK 500m gain in internal and external sales from development activities last three years Permitted projects and backlog ll Permitted Ml Backlog MW 606 608 521 388 2 280 370 480 : I * Ze Historic development realisati
Slide 8: Strategic growth initiatives
Strategic growth initiatives aS ws 5 . Holmen . Danish expansion Hydro asset swap Nees Hede . Dingelsundet Partnership 160 GWh exp. jansion Sale at 2.3x book value or Increased from 175 MW to One of Sweden's largest Pivoting from offshore to a Financed at ~52% share " . . 28% IRR p.a. 232 MW land-ow
Slide 9: Cloudberry's strategic focus 2025 and onwards
Cloudberry’s strategic focus 2025 and onwards Key items Profitability over growth Fully financed industrial platform Executing on our projects Accretive capital recycling to fuel growth Taking advantage of the cyclicality within the industry (flexible business model) Foous on the most profitable pro
Slide 10: Main ESG updates Q4 2024
Main ESG updates Q4 2024 No recordable HSE incidents or environmental damages in Q4 2024 No whistle-blowing incidents or breaches of compliance was detected in Q4 2024 Avoided emissions of 53,150 t CO2e during Q4 2024 compared to 34,854 t CO2e in Q4 2023”) Avoided emissions behind target due to redu
Slide 11: Key Financials
Key Financials Mn Han
Slide 12: Proportionate assets, interest bearing debt and consolidated equity
2020 2021 2022 2023 2024 Proportionate Assets Proportionate interest bearing debt Consolidated equity
Slide 13: Total assets, total equity and cash
• • • • • • • • • Total asset Total equity Cash and cash equivalents Interest-bearing loans and borrowings
Slide 14: Liquidity and commitments overview
Liquidity and commitments overview NOKm ‘Sundby and Munkhyttan (-EUR 3m), Liquidity effect from Skovgaard To be drawn under : } acquisition (~ NOK 125m) existing debt facility q ; Kvemma q q a - | | “165 { | ~NOK 400m expected t 1 be drawn to finance t ' the signed Skovgaard q | transaction 05.12.20
Slide 15: Proportionate EBITDA and Consolidated EBITDA
2020 2021 2022 2023 2024 Proportionate EBITDA Consolidated EBITDA
Slide 16: Q4 2023 vs Q4 2024 results
• • • • Q4 2023 Q4 2024 Q4 2023 Q4 2024
Slide 17: Profit or loss (proportionate segment reporting)
Profit or loss (proportionate segment reporting) NOK million Revenues and other income Projects Commercial Asset management Corporate EBITDA Projects Commercial Asset management Corporate Power Production (GWh) Q4 2024 260 128 17 15 16 213 Q4 2023 146 14 19 58 157 FY 2024 776 141 569 100 396 674 17
Slide 18: Revenue and EBITDA by segment
• • • • • • • • Revenue EBITDA Revenue EBITDA •
Slide 19: Market & summary
Market & summary Sundby
Slide 20: Market price outlook
160.0 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030
Slide 21: Perfectly positioned
Perfectly positioned Strategy Value Market a A flexible local renewable platform to push the energy transition in the Nordics Focusing on the profitable and uncorrelated technologies where we see the most value Delivering on our development and construction projects while increasing our project port
Slide 22: eo)
eo) Cloudberry
Cloudberry Clean Energy — Q4 2024 Earnings Presentation on 6ix