Cloudberry Clean Energy Asa · OSL:CLOUD
Cloudberry Clean Energy Asa — Q4 2021 Earnings Presentation
20 slides from Cloudberry Clean Energy Asa's earnings presentation, Feb 11, 2022
Slide 1: Fourth quarter 2021 Status and outlook
Q Cloudberry Fourth quarter 2021 Status and outlook 11 February 2022
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 Operational update and ESG Key Financials Outlook Selselva
Slide 4: Cloudberry develops, owns and operates Nordic renewables
Cloudberry develops, owns and operates Nordic renewables Local developer, owner and operator of hydro- and wind power in the Nordics Q Cloudberry Large and growing development backlog and pipeline both on- and off-shore Diversified and growing production portfolio. | | | “all Complementary hydro and
Slide 5: Quarter highlights
• • Q4 2020 Q4 2021 • • • YE 2020 YE 2021 YE 2022
Slide 6: Business overview per reporting date
Business overview per reporting date Proportionate production capacity of 367 MW (net to Cloudberry) including construction permits Production Develop .) Production Construction permit Backlog incl. under construction * Hydro assets: 25 + Wind assets: 4 * Projects: 14 * Wind assets: 3 * Capacity: 21
Slide 7: Operational update and ESG
Operational update and ESG
Slide 8: Captiva - overview and value triggers
Captiva - overview and value triggers Management Services y Digital Solutions + Operation & Maintenance + Visualization j 5 4 + Development & Construction p * Operational intelligence _—_—$—_ Data-driven operator, manager * Technical & Commercial mngt. and developer of renewable + Compliance & energ
Slide 9: Attractive dealflow
Attractive dealflow Strong access to new, Nordics projects through the value chain Investment Project Technology Size (MW) Status decision First power Tinnkraft Hydro 2 In-production 2022 Producing @vre Kvemma Hydro 8 Construction permit, ready to construct 2022 2024 Kafjarden Wind 20-40 Constructio
Slide 10: Management
Management Q Cloudberry od Anders J. Lenborg Chief Executive Officer (CEO) ai® Christian A. Helland Chief Value Officer (CFO) Charlotte Bergqvist Development os 10 ye Jon Gunnar Solli Production Stig J. Ostebrot Operations @)
Slide 11: Environmental, Social and Governance - At the core of our business
Environmental, Social and Governance - At the core of our business Planet * Managing environmental impact: * Stenkalles, Vanern project - building on existing substations and using existing storage area * Kafjarden project — assessing second- hand turbines * Assessing eligible activities covered by
Slide 12: Key financials
Key financials Mn Han
Slide 13: Portfolio overview, per reporting date
400 300 200 100 Portfolio overview, per reporting date Four new projects since last report Legend Bi eccucins a Construction 149 54 Fins. Royrm. Forte Selselva Nessa Bjorg. Usma Amots. Tinnkr. Total Odal bekken 8 Rams (33.4%) & skaréna Han Kvemma Total Kafjard. Munk Duvhel. Stenk. Total (34%) Status
Slide 14: Balance sheet overview
3500 • 3000 2500 • 2000 1500 • 1000 • 500 • 0 Total asset Total equity Cash and cash Interest-bearing equivalents loans and borrowings
Slide 15: Profit or loss (consolidated & proportionate)
Profit or loss (consolidated & proportionate”) Consolidated financials NOK 1000 Revenue and other income EBITDA Operating profit (EBIT) Proportionate financials NOK 1000 Revenues and other income Production Develop Corporate EBITDA Production Develop Corporate Power Production (GWh) 15 Note: * Alter
Slide 16: Revenue and EBITDA by segment
80 80 • 70 70 60 • 60 50 50 40 40 • 30 30 20 20 • • 10 10 • 0 0 -10 -10 • -20 -20 Revenue EBITDA Revenue EBITDA
Slide 17: Outlook
Slide 18: Positive outlook for Nordic power prices
Positive outlook for Nordic power prices Cloudberry’s portfolio strategically situated in high price areas Positive outlook for power prices in key Cloudberry price areas NOK (@re)/kWh 2025e aS 38 47 ag 47 48 53 53 53 51 Q cloudberry e Sweden @ In production @ Under construction @ Construction permi
Slide 19: Summary and outlook
Summary and outlook * Strong growth in revenue and project portfolio * Increased activity from the offshore wind portfolio * Significant ramp-up in production as projects under construction are being completed * Pressure on commodity prices and supply capacity require best practice planning and cost
Slide 20: 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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