Cloudberry Clean Energy ASA · OSL:CLOUD
Cloudberry Clean Energy ASA — Q3 2023 Earnings Presentation
19 slides from Cloudberry Clean Energy ASA's earnings presentation, Oct 31, 2023
Slide 1: Third quarter report 2023
Q Cloudberry Third quarter report 2023 31 October 2023
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 Highlights Overview & status Key Financials Outlook Selselva
Slide 4: Q3 2023 highlights
• • • • • • • • • • Q3 2021 Q3 2022 Q3 2023 • • • • YE 2020 YE 2021 YE 2022 Q3 2023
Slide 5: End to end provider of renewable energy in the Nordics
End to end provider of renewable energy in the Nordics The Cloudberry business model & ge & om Power Corpor ate producer @y Asset GBS ascet, The local developer, owner and operator of renewables in the Nordics The sustainable way 5 1) _ Portfolio based on net ownership (proportionate figures) per re
Slide 6: A diversified and fully funded portfolio across the Nordics
A diversified and fully funded portfolio across the Nordics Annual historical production, 2023 estimate based on normalized production and run-rate producing assets including under construction Legend Norway Sweden Denmark Totals 2020 2023 estimate with Producing including under normalized Q4?) cons
Slide 7: Portfolio overview and project updates
Portfolio overview and project updates Additional backlog of 686 MW not included in overview Mw? 500 Main ration PRODUCING: Legend Odin. Delivers according to expectations Hi recucine 400 CONSTRUCTION: Construction oo Sundby Vindpark (Wind, SE 3 Sweden). Progressing a according to time and budget. L
Slide 8: New hybrid project added to the backlog
New hybrid project added to the backlog Signed term sheet to acquire the hybrid project Nees Hede from Skovgaard The Nees Hede climate park”) 175 MVsolar. en inl to be developed Capitalizing on the entry into Denmark The first project from the development agreement with Skovgaard The project Signed
Slide 9: ESG update Q3 2023
ESG update Q3 2023 Main E t No health and safety incidents and environmental damages recorded in the development projects, production or operation of the power plants Avoided emissions of 34,410 tCO2e during the quarter (17,430 tCO2e in Q3 2022)” Cloudberry will publish a stand-alone Taxonomy report
Slide 10: Key Financials
Key Financials Han
Slide 11: Proportionate assets, debt and consolidated equity
Q2 2020 Q4 2020 Q2 2021 Q4 2021 Q2 2022 Q4 2022 Q3 2023 Proportionate Assets Proportionate interest bearing debt Consolidated equity
Slide 12: Q3 2023 financial results
• • • • • Q3 2022 Q3 2023 Q3 2022 Q3 2023
Slide 13: Total assets, equity, cash and interest-bearing loans
• • • • • • • Total asset Total equity Cash and cash equivalents Interest-bearing loans and borrowings
Slide 14: Profit or loss (including segment reporting)
Profit or loss (including segment reporting) Consolidated financials NOK million 932023 932022 YTD2028 = YTD 2022 FY 2022 Revenue and other income 74 55 477 142 217 Net income/(loss) from associated companies and JV's -13 76 4 100 120 EBITDA 2 74 303 18 151 Equity 4,889 3,752 4,889 3,752 3,794 Propo
Slide 15: Revenue and EBITDA
• • • • • • • • Revenue EBITDA Revenue EBITDA •
Slide 16: Financial strategies and outlook
Financial strategies and outlook Profitability and balance sheet S Continue to build fundamental values and profitability by focusing on cash-flow (EBITDA) and booked equity Robust balance sheet and continued de-risking of financial parameters remain important in a volatile market Deployment of capi
Slide 17: Outlook & summary
Slide 18: Power price outlook
160 140 120 100 80 60 40 20 0 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032
Slide 19: Summary
Summary * Significant growth in production volumes * Short-term dip in power prices due to heavy perception * On-shore wind tax in Norway expected to be clarified before year end 2023 * Strong development in Denmark * Positive developments in backlog projects. Local projects strongly aligned with lo
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