Cloudberry Clean Energy Asa · OSL:CLOUD
Cloudberry Clean Energy Asa — H1 2021 Earnings Presentation
25 slides from Cloudberry Clean Energy Asa's earnings presentation, Aug 25, 2021
Slide 1: First half year 2021 presentation
Q Cloudberry First half year 2021 presentation 25 Aug 2021
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 Overview and highlights Project status and ESG Key Financials Summary
Slide 4: Cloudberry owns, operates and develops Nordic renewables
Cloudberry owns, operates and develops Nordic renewables Local owner, developer and operator of renewable power assets in the Nordics Large production portfolio, with both hydro and wind assets Large and growing development backlog and pipeline Solid development track record - 11 projects developed
Slide 5: Business overview (today)
Business overview (today) Production Develop @ Production Construction permit Backlog incl. under construction” * Hydro assets: 23 + Wind assets: 2 * Projects: 13 + Windassets: 3 + Capacity: 80 MWI) * Capacity: 370 MW 0 + Capacity: 139MW + Production: 235 GWh®) + Pipeline of additional >20 Sweden *
Slide 6: Significant ramp-up in production
Significant ramp-up in production Delivering according to plan 150 • Production: Selselva, Bjørgelva, Nessakraft and Usma • Under construction: Odal, Hån and Åmotsfoss Strengthened balance sheet 100 • Cash (H1 2021): NOK 1.1bn • Booked equity (H1 2021) NOK 2.1bn 50 Attracting value focused ESG inves
Slide 7: Project Status
Slide 8: Nessakraft and Bjørgelva generating revenue
Nessakraft and Bjorgelva generating revenue Capacity Production 12 MW 41GWh normalized Equity IRR cop 8% July 2021 Financial close of Bjorgelva Kraft (3 MW) and Nessa Kraft (9 MW) in June 2021. Both plants are in full operation and started to generate revenue for Cloudberry July 2021. Both plants ha
Slide 9: Constructing Odal windfarm alongside tier partners
Constructing Odal windfarm alongside tier 1 partners easesity practetoni Ownership structure” 176 GWh” 54MW() normalized Perse Equity IRR Estimated COD 12% H1-2022 * Increased ownership from 15% to 33.4% * Received approval for construction extension to 30 June 2022 © Mitigate risk of Covid-19 trave
Slide 10: Hån windfarm (in-house), construction have started
Han windfarm (in-house), construction have started Capacity Production Marker 21MW. 74GWh windfarm 54 MW Estimated equity IRR Estimated COD 12% Year end 2022 * Low risk project with ideal size and location * Estimated equity IRR well above company ~ Han targets ~~ windfarm * Five Vestas turbines. Co
Slide 11: Hån windfarm — ESG in practice
Hdn windfarm — ESG in practice ESG top priority through the value chain Planet People Prosperity Governance * Allover reduced climate * Health and safety * Local value creation * ESG Due Diligence footprint framework and * Use of local . . + Integrated . Lower lifecycle reporting structure entrepren
Slide 12: ESG principles integrated during first half year
ESG principles integrated during first half year Planet » Assessing Task Force on Climate-Related Financial Disclosures (TCFD) * EU Taxonomy: * Lifecycle emissions < 100g CO2e/kWh + Cloudberry’s hydro and wind projects estimates far below + Power density > 5 W/m2 on Cloudberry’s powerplants 12. Ther
Slide 13: Key financials
Key financials
Slide 14: Duvhalllen Åmotsfoss Nessakraft
100 150 200 250 0 50 Fin.bekken Røyrmyra Forte (34%) Selselva Nessakraft Bjørgelva Usma Odal (33,4%) Åmotsfoss Rams. & Skåråna Hån Total 1 Vanern (20%) Duvhalllen Total 2
Slide 15: Revenue and EBITDA
30 30 • 20 20 • 10 10 0 0 -10 -10 -20 -20 Revenue EBITDA Revenue EBITDA
Slide 16: Proportionate and Consolidated Financials
Proportionate Financials* NOK 1000 1H 2021 1H 2020 FY 2020 Revenues and other income 23 097 2 546 5 333 Production 18 288 2 335 5 122 Develop 4 809 93 93 • Corporate 0 118 118 EBITDA -17 128 -7 202 -26 503 Production 8 751 -293 -1 963 • Develop -10 040 -3 393 -8 302 • Corporate -15 838 -3 517 -16 23
Slide 17: Total assets, equity, cash and loans
2500 • 2000 • 1500 • 1000 • 500 • 0 • Total asset Total equity Cash and cash Interest-bearing equivalents loans and borrowings
Slide 18: Our strategies for growth and value creation
Our strategies for growth and value creation BO Hele Organic development In-house development of projects for production portfolio or sale/farm-down (construction permit, backlog and pipeline) Han wind project June 2021 8 Na Asset / project acquisitions Acquire assets and development or construction
Slide 19: Summary
Slide 20: Delivering on our strategy
Delivering on our strategy Established the Cloudberry platform (Oslo Bors) Projects delivered according to plan Projects in production delivered on time and budget Projects under construction progressing well Assets according to the EU Taxonomy thresholds Robust balance sheet. Fully financed. Growth
Slide 21: Appendix
Appendix
Slide 22: Market overview
Market overview Power price forecasts 2030-2040 Market development YTD-2021: (NOK (ore)/kWh) Positive price development in power prices during 2021. Average price <y first half year 2021 of NOK (ere) 43/kWh. Average price second halt ioe) year 2021 (July & August) of NOK (ore) 60/kWh. Pressure on co
Slide 23: Shareholders
Shareholders Shares % Shares JOH JOHANNSON EIENDOM AS 20 145 780 10,54 % HAVFONN AS (Bergesen family) 16 152 596 8,45 % FERD AS 16 000 000 8,37 % HSBC TRINKAUS & BURKHARDT AG 14 400 000 7,54 % The Northern Trust Comp (New Zealand Superannuation Fund) 11 910 000 6,23 % SNEFONN AS (Bergesen family) 11
Slide 24: Our team
Our team _ Anders J. Lenborg Chief Executive Officer » gw an dn Christian A. Helland Suna F. Alkan Jon Gunnar Solli Tor Arne Pedersen Andreas T. Aasheim Marie N. Gulsvik Group Accounting Manager Chief Value Officer (CFO) Chief Sustainability Officer Chief Operating Officer Chief Development Officer
Slide 25: Cloudberry is a renewable energy company
Cloudberry is a renewable energy company, born, bred, and operating in the Nordic and in accordance with local traditions. We own, develop, and operate hydropower plants and wind farms in Norway and Sweden. We are powering the transition to a sustainable future by providing new renewable energy toda
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