Scatec Asa · OSL:SCATC
Scatec Asa — Investor Presentation (August 2026)
22 slides from Scatec Asa's investor presentation, August 2026
Slide 1: Investor Presentation August 2026
Investor Presentation August 2026 1
Slide 2: Scatec is a leading emerging market renewables IPP
Scatec is a leading emerging market renewables IPP focused on strong, contracted cashflow and value accretive growth • Leading renewable power producer with a significant growth portfolio to be realised in the short term • Generating strong predictable cash flows from PPAs • Integrated business mode
Slide 3: All-time high near-term portfolio
All-time high near-term portfolio Scatec has a strong track record of advancing and divesting capacity Renewable generation capacity (GW) Storage capacity (GWh) Operational Construction Backlog 12.3 6.8 5.8 8.7 3.0 0.9 4.8 5.4 5.2 1.1 0.6 1.7 0.5 2.5 1.2 0.7 5.7 1.6 0.7 0.6 4.2 4.0 1.2 0.5 3.1 1.2 1
Slide 4: Profitable growth funded through solid operating cash flow
Profitable growth With growth also funded through solid operating cash flow Total proportionate EBITDA1, NOK million 5,000 4,694 4,635 4,500 426 796 4,000 3,845 3,918 Acquisition of 348 3,500 SN Power 3,000 2,687 2,549 2,500 4,209 2,000 3,898 1,570 2021/22: COVID related 3,497 1,500 1,305 emerging m
Slide 5: Scatec is well positioned in the transition mega trend
Scatec is well positioned in the transition mega trend USD ~560 billion investments in our regions across technologies Solar PV, onshore wind and batteries Solar PV, onshore wind and battery capacity USD billion annual investment GW total accumulated installed capacity 132 3,858 113 112 114 3,224 94
Slide 6: Renewables is the preferred source of energy
The macro situation for renewables Renewables is the preferred source of energy Solar PV modules Energy storage systems Global LCOE prices normalising at all-time lows prices continue to drop renewables are the cheapest source of energy USD/kW 4-hour turnkey from China, USD/Kwh USD/MWh 260 261 200 1
Slide 7: Uniquely positioned in markets where renewables makes most sense
Strategic approach to market selection Uniquely positioned in markets where renewables makes most sense Global average horizontal irradiation Scatec market selection criteria kWh/m2 • Meets required project returns • Renewables the most cost-efficient source of energy • Large and growing power deman
Slide 8: Diversified market portfolio ensuring long-term growth
Strategic approach to growth markets Diversified market portfolio ensuring long-term growth Established growth markets New attractive growth markets Egypt Romania / Central Eastern Europe Leverage leading market position and strong partnerships Targeting a flexible, multi-technology portfolio with a
Slide 9: Develop, build, own & operate renewable energy with in-house expertise
What we do Develop, build, own & operate renewable energy with in-house expertise Development Construction Power Production Experienced local Skilled in-house EPC teams Strong predictable cash flow from power development teams ensuring safe and efficient execution plants owned and operated by Scatec
Slide 10: Generating value and funding growth through capital efficient model
Continued capital efficient growth Generating value and funding growth through capital efficient model Extracting value through multiple revenue streams Capital efficient funding structure Illustrative cash flow chart Illustrative funding structure1 Corporate costs & interest expenses 100.0% 75.0% D
Slide 11: Strategy 2030: Increased growth pace & continued deleveraging
Strategy 2030 Increased growth pace & continued deleveraging funded by divestments Profitable growth Deleverage Capital efficient NOK 1 billion NOK 4 billion NOK 3.4 billion annual equity investments gross corporate debt by 2030 divestment proceeds by 2030 Build scale in Strengthening Exit non-growt
Slide 12: Record high near-term growth portfolio
Profitable growth Record high near-term growth portfolio Growing generation capacity +6.7 GW next few years.. ..while continuing to expand leading position within storage GW renewable generation capacity1 GWh battery storage capacity Solar Wind Hydro Green H2 Battery storage +116% +384% 5.8 12.3 6.8
Slide 13: Maintaining robust IRR levels
Robust return profile Maintaining robust IRR levels Scatec project equity IRR build up - Average equity IRRs for projects under construction and backlog • Strict value creation criteria IRR drives all investment decisions ~30% • 1.2x Cost of Equity • 10-12% D&C gross margin • 25-30% Service margins
Slide 14: Long-term contracted and risk mitigated cashflows
Long-term contracted and risk mitigated cashflows ~70% of EBITDA from Matching revenues and debt 83% interest hedging long-term PPAs currencies to reduce exposure of project debt 14 years ~70% 16 years Average remaining PPA in hard currencies Average remaining and/or inflation adjusted debt tenor CZ
Slide 15: Continuing to deleverage – targeting NOK 4 billion by 2030
2030 corporate deleverage plan Continuing to deleverage – targeting NOK 4 billion by 2030 Corporate debt deleverage target Corporate interest expense1 reduced Gross corporate debt (NOK billion) NOK million 9.2 671 -2.5 555 6.8 Previous 2027 target NOK 6.2 billion -2.7 4.0 ~80% of divestment proceeds
Slide 16: Leverage significantly reduced through debt repayments
Deleverage progress Leverage significantly reduced through debt repayments Proportionate CF to Equity Corporate debt vs cash flow to equity Refinancing and asset sales Underlying cash flow to equity NIBD Cash VS GIBD VS NIBD 3.4 9.1 8.9 6.8 6.4 2.4 1.6 1.7 4.9x 1.3 0.6 0.9 0.3 3.7x 1.0 1.1 1.0 0.7 2
Slide 17: Continuing to divest to fund growth and debt repayments
2030 divestment plan Continuing to divest to fund growth and debt repayments Proven ability to execute value accretive deals Targeting NOK 3.4 bn divestment proceeds to 2030 Divestment transactions since 2023 (sales proceeds) Proceeds from divestments (NOK billion) 6.0 June ‘23 USD 55 million, South
Slide 18: Partnering with development banks for project financing and risk mitigation
Partnering with development banks for project financing and risk mitigation Multilateral development banks (DFIs) are providing equity and debt to infrastructure projects in emerging markets DFIs are often advising governments on design of renewable programs to promote private/public partnerships Pr
Slide 19: Strong ESG focus across all operating activities
Strong ESG focus across all Net Zero climate target operating activities Minimise direct emissions by 2030 and achieve net zero emissions across the value chain by 2040. Minimising social and environmental impacts • Science based approach to climate change • Responsible lifecycle management • Minimi
Slide 20: Key takeaways
Key takeaways • Solid position in markets with significant energy demand • Renewables the cheapest source of energy in our growth markets • Strong momentum with an all-time high growth portfolio 20
Slide 21: Scatec improving our future
Scate improving our future
Slide 22: Our asset portfolio
Our asset portfolio Generation Storage Economic Generation Storage Economic Generation Storage capacity capacity interest capacity capacity interest capacity capacity In operation MW MW MWh Under construction MW MW MWh Project pipeline MW MW MWh South Africa 1,003 225 1,140 44% Thakadu, South Africa