Summa Defence Plc Class A · OMXHEX:SUMMA
Summa Defence Plc Class A — Savosolar — Shareholder Meeting (November 2022)
19 slides from Summa Defence Plc Class A's shareholder meeting presentation, Nov 25, 2022
Slide 1: Savosolar, Meriaura and VG-Ecofuel to merge
Savosolar, Meriaura and VG-Ecofuel to merge Extraordinary general meeting November 25, 2022
Slide 2: Today's speakers and agenda
Today’s speakers and agenda Combination in a 1 nutshell Overview of the 2 combined company Execution of the Jari Varjotie Eero Auranne 3 combination CEO, Chairman of the Board, Savosolar Oyj Savosolar Oyj
Slide 3: 1. Combination in a nutshell
1. Combination in a nutshell 2
Slide 4: The combination helps to meet the growing demand for renewable energy
The combination helps to meet the growing demand for renewable energy Answer to green transition demand 1 Together, Savosolar and Meriaura (+VG-Ecofuel) can meet the growing demand for solutions based on renewable energy and fill the supply gap. The merger will speed up business expansion in solar h
Slide 5: Merger provides Savosolar's shareholders with added value
Merger provides Savosolar’s shareholders with added value The transaction creates significant added value The calculated value of Meriaura’s shares is 1 to the current and future shareholders as the 4 EUR 30.0 million, and the subscription price of company’s scope of action expands EUR 0.05475 of th
Slide 6: Benefits to clients
Benefits to clients Going forward, the merged Savosolar can provide broader and more tailored renewable energy 1 turnkey solutions and be involved in energy production and delivery The merged company makes it possible to develop and expand business so that it covers a larger 2 range of the clean ene
Slide 7: The transaction in brief
The transaction in brief Savosolar Oyj acquires Meriaura Oy, a marine logistics company, and the business of its subsidiary VG EcoFuel Oy from VG-Shipping Oy Savosolar’s • The transaction will be implemented by organising a directed share offering to VG-Shipping, VG-Shipping Oy(2,3) shareholders(2)
Slide 8: 2. Overview of the combined company
2. Overview of the combined company 7
Slide 9: The combined company will have two separate business segments
The combined company will have two separate business segments Renewable energy Marine logistics • Savosolar helps companies to decrease their CO2 emissions with clean • Marine logistics business segment consists of Meriaura’s bulk and renewable heat. The company designs and delivers large turn-key p
Slide 10: Meriaura and VG-Ecofuel are forerunners in sustainable shipping
Meriaura and VG-Ecofuel are forerunners in sustainable shipping Meriaura and VG-Ecofuel in brief • Meriaura provides efficient and low-carbon marine transports as end- Ships owned by Meriaura to-end services or individual transports according to client needs. It Open deck carrier Meri 4,500 dwt has
Slide 11: Marine logistics provides Savosolar Group with steady cash flow
Marine logistics provides Savosolar Group with steady cash flow strengthening its balance sheet and enabling faster growth Pro forma income statement 1-6/2022 Comments Pro • The adjacent table describes the pro forma income statement of the Thousand euros Savosolar Meriaura Forma combined company fo
Slide 12: Strong balance sheet acts as the basis for future growth
Strong balance sheet acts as the basis for future growth Capital structure 30 September 2022 Net debt 30 September 2022 Thousand euros 30 September 2022 Thousand euros 30 September 2022 Current liabilities A) Cash 6,309 Guaranteed 0 B) Other cash equivalents 0 Secured 2,549 C) Readily realisable sec
Slide 13: VG-Shipping to become a committed anchor owner
VG-Shipping to become a committed anchor owner Largest shareholders of the combined entity Comments (7 November 2022) • Along with the transaction (and after directed share issue related to Shareholder Number of shares Ownership Votes T09 guarantee), VG-Shipping will become the largest shareholder i
Slide 14: Proposed Board of Directors and Management of the combined company
Proposed Board of Directors and Management of the combined company Board of Directors Management Kirsi Suopelto Jari Varjotie Chairperson of the Board Chief Executive Officer Master of Laws, MBA Master of Science (Technology) Eero Auranne Heikki Timonen Vice chairman of the Board Chief Financial Off
Slide 15: Marine logistics will complement the fast-growing renewable energy business
Marine logistics will complement the fast-growing renewable energy business with steady cash flows The strategy of the combined company will centre around accelerating the green transition of our customers Strong cash flows Competitive and Growth and technology environmentally sustainable sea leader
Slide 16: 3. Execution of the combination
3. Execution of the combination 15
Slide 17: Timetable
Timetable Savosolar Oyj has signed a conditional share exchange agreement under which it acquires the shares of marine logistics business Meriaura Oy and its subsidiary, manufacturer and marketer of bio-based marine fuel, VG EcoFuel Oy’s business, from VG-Shipping Oy Savosolar Oyj’s business changes
Slide 18: Additional information
Additional information Jari Varjotie CEO Savosolar Oyj + 358 400 419734 jari.varjotie@savosolar.com 17
Slide 19: Important information
Important information This presentation (the “Presentation”) has been drawn up by Savosolar Oyj, BIC 2309682-6 (“Savosolar” or the “Company”), due to the Company's acquisition of all shares in Meriaura Oy, corporate registration number 0669579-8 (“Meriaura”), which owns all shares in VG-EcoFuel Oy,