Slide 1: Interim Report Q1 January-March 2024
INTERIM REPORT Q1 JANUARY-MARCH 29 MAY 2024
Slide 2: Agenda
AGENDA • FLOATING OFFSHORE WIND • START OF 2024 • HEXICON KEY INSIGHTS • Business Model • Technology Advancements • Project Development • Q1 HIGHLIGHTS • OUTLOOK 2024 HEXICON Q1 INTERIM REPORT 29/05/24
Slide 3: Floating Offshore Wind
FLOATING OFFSHORE WIND BEYOND THE HORIZON ENVIRONMENTALLY RELIABLE SCALABLE ADAPTABLE FRIENDLY HEXICON Q1 INTERIM REPORT 29/05/24
Slide 4: Start of 2024
START OF 2024 • 2023 – A challenging year • Interest rates, inflation and supply-chain bottlenecks • Market starts to stabilise • Many new initiatives and developments globally • Market consolidations • Political initiatives support offshore wind development (EU, UK, Sweden, US etc.) HEXICON Q1 INTE
Slide 5: Hexicon Key Insights
HEXICON 1. EXPERIENCE 3. DIVERSIFIED PORTFOLIO KEY INSIGHTS Competitive and patented technology ready for testing. More than 15 years of experience in floating offshore wind. • A diversified global project portfolio of various maturity. 2. TECHNOLOGY 4. PARTNERSHIPS Competitive and patented Strong l
Slide 6: Hexicon's Business Model
HEXICON’S BUSINESS MODEL PROJECTS TECHNOLOGY Hexicon is a global early-stage project developer of floating offshore wind and a technology Early-stage Next-generation provider of the patented floating wind design - development floating wind power TwinWind With local partners Patented in key markets T
Slide 7: Technology Advancements
TECHNOLOGY ADVANCEMENTS • Carried out a technology assessment to improve and update the development roadmap • Continued the work with our suppliers for TwinHub; LMC and Ming Yang in preparation for the ILA (Integrated Load Analysis) We remain committed to advancing our innovative TwinWind technology
Slide 8: Project Development
PROJECT DEVELOPMENT BUSINESS PROCESS: 1. Identify & Invest 2. Project Development 3. Divestment PROJECT STAGES (# of ongoing projects): Active Pre FID1) Projects Outlook Prospect (6) Early Stage (9) Mid Stage (-) Late Stage (3) HEXICON Q1 INTERIM REPORT 29/05/24
Slide 9: Project Development
PROJECT DEVELOPMENT • Global portfolio • 12 active projects SWEDEN UK • 6 prospects US ITALY SOUTH KOREA IRELAND GREECE Gross Portfolio (MW) Net Portfolio (MW) SOUTH AFRICA 8 850 Total Total 5 257 23,4 GW 14 557 12,9 GW 7 649 ACTIVE PROJECTS PROSPECTS PRESENCE Projects Prospects Projects Prospects H
Slide 10: Leverage Knowledge and Experience
LEVERAGE KNOWLEDGE AND EXPERIENCE • MunmuBaram – mature project in late phase • Brings valuable insight and knowledge to other projects in the portfolio South Korea / MunmuBaram Sweden Commercial Italy Construction Operation Date South Africa (COD) UK / TwinHub Early Stage Mid-Stage Late Stage FID H
Slide 11: Q1 Highlights
Q1 HIGHLIGHTS • 22 February - Signed Sales and Purchase Agreement to acquire 80% of the shares in the MunmuBaram project in South Korea • Initiated the process to establish a new ownership structure for MunmuBaram • Reprioritised and slowed down the development pace of the TwinHub project in the UK
Slide 12: Outlook 2024
OUTLOOK 2024 • Achieve regulatory approval for the change of control of Priority the MunmuBaram project • Establish a new ownership structure for MunmuBaram • Full or partial divestment of selected projects • Increase project maturity in selected projects • Secure additional projects to the portfoli
Slide 13: Thank You For Listening!
THANK YOU FOR LISTENING! HEAD OFFICE Östra järnvägsgatan 27 111 20 Stockholm, Sweden www.hexicongroup.com