Cindrigo Holdings Limited · LSE:CINH
Cindrigo — Investor Presentation (July 2024)
17 slides from Cindrigo's investor presentation, July 2024
Slide 1: Developing Clean Baseload Energy Solutions Across Europe
DEVELOPING CLEAN BASELOAD ENERGY SOLUTIONS ACROSS EUROPE CORPORATE PRESENTATION JULY 2024
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: Overview
OVERVIEW Utilising proven technology and expertise to build a broad portfolio of operational renewable energy assets in multiple markets Developing clean baseload Established portfolio Multiple revenue streams, with energy solutions across Europe established cashflow to support in stable and support
Slide 4: Board and Management
BOARD AND MANAGEMENT “Smart investors invest in people. Power development is about the leadership to marshal resources with expertise. The Cindrigo Board of Directors was handpicked for this work.” Jörgen Andersson Lars Guldstrand Mustaq A Patel Johan Glennmo Dag Andresen Alan Boyd CHAIRMAN (IND.) C
Slide 5: The Kaipola Waste to Energy Plant in Finland
THE KAIPOLA WASTE TO ENERGY PLANT IN FINLAND 110MW Combined Heat and Power (“CHP”) plant, which has a 25MW electricity and 85MW steam production capacity.
Slide 6: The Kaipola Waste to Energy Plant
THE KAIPOLA WASTE TO ENERGY PLANT History ▪ Plant built and operated by UPM Kymmene Corporation as an integral part of its paper mill complex in Kaipola Finland ▪ Kapiola Green Port OY, a Finnish company, acquired the entire industrial complex in conjunction with UPM's closure and granted a lease fo
Slide 7: Production and Revenue
PRODUCTION AND REVENUE 110MW CHP biomass plant, which has a 25MW • Commercial operations are targeted to commence electricity and 85MW steam production capacity Q4 2024 • Maintenance and upgrade work currently underway • First-year revenues are estimated to be approximately €15 million • Potential t
Slide 8: Geothermal Licences in Germany
GEOTHERMAL LICENCES IN GERMANY Three geothermal energy projects in the Upper Rhine Valley, with a combined target installed potential capacity exceeding 300 MW
Slide 9: Geothermal Licences in Germany
GEOTHERMAL LICENCES IN GERMANY Cindrigo has signed a term sheet with Zukunft Geowärme GmbH (ZGW), a German geothermal project developer, to acquire a majority 85% interest in three geothermal energy projects About the licences: • Total licence area of c.125km2 (12,500 hectares) • Located in the Uppe
Slide 10: Favourable Jurisdiction
FAVOURABLE JURISDICTION Germany is one of Europe's most promising geothermal markets and has a history of successful geothermal projects with strong Government support Geologically Proven Supportive Framework • The Upper Rhine Valley region has the highest • Feed-in tariff for geothermal power of 25
Slide 11: Geothermal Revenue Potential
GEOTHERMAL REVENUE POTENTIAL Long term income streams • Financial model is based on structured project finance of baseload plants under contracted power sales Geothermal Financial model: • Expected free cash flow of each project is known to a high degree of Electricity case study, Germany certainty
Slide 12: Orderly Expansion and Multiple Revenue Streams
ORDERLY EXPANSION AND MULTIPLE REVENUE STREAMS Milestones Kaipola G1 G2 G3 (Finland) (Germany) (Germany) (Germany) Biomass Geothermal Geothermal Geothermal Ownership 90% 85% 85% 85% Area Size km2 5 53 53 25 Energy Power & Heat Power, Heat Power, Heat Power, Heat & Potential Lithium & Potential Lithi
Slide 13: A Carbon Neutral World by 2030 Requires New, Sustainable, Reliable Clean Energy Solutions
A CARBON NEUTRAL WORLD BY 2030 REQUIRES NEW, SUSTAINABLE, RELIABLE CLEAN ENERGY SOLUTIONS 13 | Corporate Presentation | July 2024
Slide 14: Urgent Market Demand
URGENT MARKET DEMAND • Clean baseload energy is currently in high demand and is of critical importance for grid stability • as part of continued global electrification • due to the decommissioning of fossil energy plants to achieve decarbonising targets. WTE: Depending on • New and tighter regulatio
Slide 15: Corporate Overview: London Listing
CORPORATE OVERVIEW: LONDON LISTING Beneficial Shareholders Targeting a new stock market listing in London in H2 2024 • Listing makes external capital more accessible to Cindrigo • Corporate governance and transparency helpful in the regulated power sector as well as with suppliers and financiers • L
Slide 16: Positioned for Growth
POSITIONED FOR GROWTH Established portfolio with near-term revenue generation and a defined, Exceptional market dynamics phased development strategy • Solid income generator: 110MW WtE plant in Finland to commence Established revenue generation Q4 2024 Recognised urgent global demand for clean cashf
Slide 17: Contacts
Contacts Lars Guldstrand, CEO t: +44 740 886 1667 e: lg@cindrigo.com www.cindrigo.com
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