Saga Pure Asa · OSL:SAGA
Saga Pure Asa — Q4 2020 Earnings Presentation
34 slides from Saga Pure Asa's earnings presentation, Feb 17, 2021
Slide 1: Fourth quarter 2020 presentation
SPNCPM PURE | Fourth quarter 2020 oresentation Bjorn Simonsen, CEO February 17, 2021
Slide 2: Background: human growth has not been sustainable so far
a, ~_ ae — Background: human growth h sen sustainable so far Continued growth is not only compatible tainability, itis dependent on it. | é
Slide 3: Which way is progress?
Which way is progres
Slide 4: Our mission: pure growth
Our mission: pure growth We search for, and invest in, the solutions that contribute to a greener future. Technical and financial expertise Leveraging Unparalleled Ferncliff group's capabilities deal flow Market cap as of February 16, 2021 1.8 BNOK Number of shareholders 10,660 SAGA Ui
Slide 5: Q4 highlights
Q4 highlights 3 Strategic investments 213 MNOK Net profit from operations 426 MNOK 476 MNOK Gross raised capital! Cash balance? lncluding the Private Placement raising gross NOKM 123 at NOK 4.1 per share (not included in Q4 20 report) 2 Including NOKM 85 in restricted cash related to the Private Pla
Slide 6: Subsequent events
Subsequent events + Subsequent offering of NOK 26 million + Realization of Everfuel position with a net gain of NOK 260 million * Cash position of NOK ~800 million per 5 February 2020 * Investment in Pryme of NOK 30 million * Summoned to an EGM to, among others, expand the board of directors with Cr
Slide 7: Combining industrial and financial expertise
Combining industrial and financial expertise Management Bjorn Simonsen Chief Executive Officer Espen Lundaas Chief Financial Officer Board Tore Jakob Berg Chief Accounting Officer Martin Nes Chairman of the Board Florian Melcher Investment Manager @ystein Stray Spetalen Board Member Jan Frode Anders
Slide 8: Influencing factors
Influencing factors SPNeyS PURE
Slide 9: Megatrends driving market opportunities
Megatrends driving market opportunities RX G ofl Renewable Electrification Digitalization Urbanization energy (> os rN Nl J LY) $ Circular Hydrogen Green economy finance SAGA (aU
Slide 10: ..and play a part in disrupting the markets
..and play a part in disrupting the markets - along with other unforeseen events + Atirregular intervals the markets are “disrupted” - both by developments we can see coming (e.g. megatrends), but also by completely unexpected events, referred to as “black swans” + The underlying factor causes the n
Slide 11: Transition to a better future accelerated by COVID-19, fueling a green recovery
Transition to a better future accelerated by COVID-19, fueling a green recovery COVID-19 and the migration to the next S-curve! [World Wart! | Global industrialization I Technology efficiency boom [Pandemic rest | Migration to new [New renaissance i} ury Ss A GCG A Pp U R E Source: ! EY, Megatrends
Slide 12: Politics and regulations supporting growth
Politics and regulations supporting growth * EU Green Deal launched in Dec 2019 with target: Europe should be the world's first carbon neutral region by 2050 * European Green Deal Investment Plan launched spring of 2020 proposing to mobilize at least € 1 trillion from EU & associated instruments ded
Slide 13: Momentum expanding beyond Europe
Momentum expanding beyond Europe US re-joined Paris Climate Agreement and is expected to boost green policies following rollbacks by previous administration * China committed to achieving carbon neutrality by 2060 * Significant investment programs in China, Australia, Japan and South Korea UN develo
Slide 14: Green finance (green is good)
Green finance (green is good) Move from subsidies to capital markets leads to increased funding and accelerated green shift + UN estimates investments in renewables, energy efficiency, electricity transmission and storage need to increase from USD ~1200 to USD ~2500 billion/year on average to 2050 t
Slide 15: Investment focus areas
Investment focus areas SPNeyS PURE
Slide 16: Renewable energy
Renewable energy + Renewable energy is on its way of becoming cheapest form of energy globally * Currently USD ~300 billion/year invested in renewable energy sector - set to grow significantly Global share of renewables in 2020: ~28% for electricity production and ~10% of final energy consumption! O
Slide 17: Circular economy
Circular economy * Only 8.6% of our current economy is circular, leaving a big circularity gap - needs to double to 17% to keep the world liveable and thriving + Plastic central in material management and circular economy solutions + EU tax on non-recyclable plastics + Metrics materializing * Source
Slide 18: CO2 is in principle a good thing
CO, * CO, isin principle a good thing * Global CO,-emissions in 2020 of 30.6 Gt + Down 8% from 2019 to 2010 levels + EU proposed in September 2020 to cut CO, emissions by 55% by 2030 vs. previous target of 44% * Norwegian government recently proposed to triple the CO, tax from EUR 52.5/ton to EUR 19
Slide 19: Hydrogen
Hydrogen * Hydrogen has the potential to replace most of the oil, coal and natural gas * The hydrogen generation market, almost completely fossil dominated is already big, estimated at USD >140 billion in 2019" + Hydrogen technology market is estimated to USD ry je ~15 billion in 20202 Green hydroge
Slide 20: Investing in early stage as well as established players
Investing in early stage as well as established players 4 Our investment approach 4 | Private, early-stage companies * Active ownership, help develop companies to success Listed companies (financial investments) * Strategic investments * Eg. IPOs Portfolio management * Building a portfolio of listed
Slide 21: Limits to (green) growth?
Limits to (green) growth? SPNeyS PURE
Slide 22: Is there a green bubble in the making?
Is there a green bubble in the making? Everfuel° @NIKOLA SAGA S20 Source: Saga Pure, company preser
Slide 23: Was this a bubble?
Was this a bubble? SAGA Gains
Slide 24: ..or merely a "bump in the road"?
.or merely a “bump in the road”? IPodate Peak Mkt Cap 97-03 BUSD 90 91 92 93° (94 95 96 7 98 99 00 ol 02 03 04 «(05 06 o7 08 09 10 V 12 13 4 15 16 7 18 9 20 SAGA G0 irce: Saga Pure, company presentations and Bloombe!
Slide 25: Will greentech follow same curve as IT?
Will greentech follow same curve as IT? 1. Renewable energy is here to stay - and will cover our future energy needs 2. Although hundreds of billions is invested annually, the transition has just begun 3. Agreen correction is coming - perhaps even a crash 4. Cheap energy, energy storage and transfor
Slide 26: Investment highlights
Investment highlights SPNeyS PURE
Slide 27: Bergen Carbon Solutions
Bergen Carbon Solutions Bergen Carbon Solutions uses innovative technology to produce carbon nanofibers from CO, without any associated emissions Investment Subscription of NOK 30 million in a gross NOK 40 million private placement of new shares Status Allocated shares corresponding to an ownership
Slide 28: Horisont Energi
Horisont Energi Horisont Energi is a Norwegian energy company focused on developing blue hydrogen and ammonia projects as well as innovative solutions for carbon storage - first project in partnership with Equinor. Investment NOK 35 million (IPO Jan‘21) Status Full position of 11.7% ownership mainta
Slide 29: Financial investments
Financial investments Everfuel* Everfuel owns and operates hydrogen production, distribution and fueling assets, currently with operations in Denmark, the Netherlands and Norway. Investment NOK 90 million (IPO Oct'20 and capital raise Jan‘21) Status Realized profit of NOK >260 million SINCE PURE | ®
Slide 30: Featured investment: Bergen Carbon Solutions
Featured investment: Bergen Carbon Solutions See separate slides SAGA Ue
Slide 31: Summary and outlook
summary and outlook SPNeyS PURE
Slide 32: Outlook: things are getting greener
Outlook: things are getting greener Ce & Renewable energy Increasing consciousness Strong policy measures are deployment expected to and focus around eco- being put into place to further continue to grow friendly solutions stimulate green growth A, oer Currently evaluating a Maintaining a solid cash
Slide 33: Saga Pure
SAGA (URI seek and undestroy Wwww.saga-pure.com
Slide 34: Q&A
SVNCPe PURE | Q&A