Cloudberry Clean Energy Asa · OSL:CLOUD
Cloudberry Clean Energy Asa — Investor Presentation (April 2020)
28 slides from Cloudberry Clean Energy Asa's investor presentation, April 2020
Slide 1: Cloudberry Company Presentation April 2020
Q Cloudberry Company Presentation April 2020
Slide 2: Important information
Important information + This company presentation (the "Presentation") has been prepared by Cloudberry Clean Energy AS (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 othe
Slide 3: The Company
The Company Appendix
Slide 4: Cloudberry at a glance
Cloudberry at a glance Q Cloudberry Production Develop + Renewable power production and development company focusing on wind and hydro power assets in the Nordics © Holds producing assets through Production business segment © Develops power production assets to ready-to-build phase through Develop b
Slide 5: Key investment highlights
Key investment highlights 1 Wind and hydro power developer and producer in the Nordics, with all-important local presence 2 Unique exposure to an attractive market dominated by public and foreign private ownership 3 Scalable and efficient platform for growth Large development portfolio and several a
Slide 6: Introduction to Cloudberry
Introduction to Cloudberry The Company Appendix
Slide 7: Strong forces pushing for the Energy Transition
Strong forces pushing for the Energy Transition Strong forces pushing for conversion to renewables Renewables projected to make up the lion’s share of power supply DeusTR BATON MO RASTRUCTURE AND PRODUCTION Cost of energy Energy security Foreign investment Employment and economic growth Paris Agreem
Slide 8: Nordic countries are leading the way within renewables
Nordic countries are leading the way within renewables Nordic renewable capacity to rapidly grow... ..cind so is Nordic renewable power production Nordic renewable power production (TWh) Nordic installed renewable power capacity (GW) 507% 7 63% 7 6 an 36 252 27 a 2018 2025 2030 2040 2040 Q Cloudberr
Slide 9: Several market drivers pointing towards sustained long-term increase in renewable and Nordic power prices
Several market drivers pointing towards sustained long-term increase in renewable and Nordic power prices Demand to be met by renewables supply Grid connections to balance European prices Power demand is projected to increase Power demand, Norway and Sweden (TWh) “aa 278 _ 2018 2040 Paris Agreement
Slide 10: Wind power to play a dominant role in the Energy Transition
Wind power to play a dominant role in the Energy Transition The European wind power market is growing at rapid pace... Annual wind power production in Europe (TWh) TWh 1000 900 800 700 600 500 400 300 200 100 9 2000 ..cind the cost of the technology keeps decreasing Historic global development of wi
Slide 11: Still significant potential for Norwegian hydro power
Still significant potential for Norwegian hydro power Still potential for growth in the established market Norwegian hydro power ownership dominated by the Government Breakdown of Norwegian hydro power production potential Ownership in the Norwegian hydro power market Potential Statkraft AS Protecte
Slide 12: Introduction to Cloudberry
Introduction to Cloudberry The Company Appendix
Slide 13: Integrated business model securing aligned interests throughout the value chain
Integrated business model securing aligned interests throughout the va External assets Holds producing hydro and wind power assets Operating partners 13 Source: Cloudberry ue chain Integrated business model, comprised by Shareholders ° two business segments Transparent © Develop shareholder structur
Slide 14: Cash flows from a growing portfolio of producing assets
Cash flows from a growing portfolio of producing assets to support new development and acquisitions Bjorgelva Power Plant” Location: Sorreisa, Troms - 4 Production start: @42020 Date acquired: June 2019 Hydro 7.0 GWh Nessakraft) Location: Balestrand, Vestland % 4 Production start: 42020 Date acquire
Slide 15: Outsourcing operations to tap into local presence, expertise, technology
Outsourcing operations to tap into local presence, expertise, technology and sharing in economies of scale Operational strategy perating partnerships + Technologically advanced operational platform, optimising day to day operations Why outsource operations? hi is Cloudberry’s strategy is to own and
Slide 16: Set up for executing on attractive M&A opportunities
Set up for executing on attractive M&A opportunities Team securing access to continuous flow of attractive opportunities Healthy M&A pipeline, with several ongoing processes GWhp.a. 2154 The Cloudberry team has vast M&A experience and deep connections with renewable players in the Advanced opportuni
Slide 17: Healthy flow of assets coming from development backlog and pipeline
Healthy flow of assets coming from development backlog and pipeline arge backlog and pipeline to drive acti in years to come GWhp.a. 4497 864 Backlog(’ Pipeline) * Development backlog and pipeline in Sweden and Norway + The backlog and pipeline offer great potential for developing new producing asse
Slide 18: The development process and Cloudberry's involvement
The development process and Cloudberry’s involvement Identification of opportunities Cloudberry is continuously looking for new attractive locations for development of new hydro power plants and wind farms The sourcing is based on local knowledge, industrial rationale, local acceptance, wind conditi
Slide 19: Outsourcing construction to keep overhead costs low
Outsourcing construction to keep overhead costs low, quality high and minimise project risk Construction partnerships Construction strategy Why outsource construction? Cloudberry’s strategy is to own and develop hydro and wind power assets in the Nordics - construction is a specialised field requiri
Slide 20: Selectively keeping or divesting developed assets
Selectively keeping or divesting developed assets to secure a balanced and diversified portfolio Divestment strategy Cloudberry’s divestment strategy Cloudberry’s strategy is to own and develop hydro and wind power assets in the Nordics - as such, it will develop projects to the ready-to-build phase
Slide 21: Production and Develop segment financial summary
Production ent Develop segment Financial summary (March 2020) Production segment Develop segment Corporate segment Divestment price Historical divestment Revenue generated through PPA agreement for Royrmyra Royrmyra and Revenues generated through spot Revenue Approximately 8 employees, 4-5 professio
Slide 22: Highly experienced management team
Highly experienced management team Anders J. Lenborg Chief Executive Officer Founder of Cloudberry Former Partner and Head of Energy Sector Group, DLA Piper Norway Vast experience from infrastructure and renewable energy M&A Christian A. Helland Chief Value Officer (CFO) mE: Former Partner and Portf
Slide 23: Backed by active Board of Directors and high-quality shareholders
Backed by active Board of Directors and high-quality shareholders Board of Directors Selected key shareholders JOHAN JOHANNSON Behind the Norwegian grocery and wholesale / ‘trading house Norgesgruppen. Significant Joh. Johannson holdings in real estate development Eiendom AS THE BERGESEN FAMILY Acti
Slide 24: Shareholder overview
Shareholder overview Shareholder overview Shareholders # Shares % Shares Joh Johannson Eiencom AS 10,431,495 2% Snefonn AS (Bergesen family) 4,738,036 12.31% Havfonn AS (Bergesen family) 3,216,216 8.36% CCPartner AS (Chairperson, Frank J. Berg) 2,696,957 7.01% Cloudberry Partners AS 1,810,800 AN% As
Slide 25: Summary
Summary Scalable platform for growth in the Nordic renewable market _ aK . Ox » Large backlog and pipeline to be developed, yielding attractive returns | fr» » Large set of attractive acquisitive growth opportunities in an active Nordic renewable power transaction market VY ( ) . A 9 9 * Scalable pl
Slide 26: Introduction to Cloudberry
Introduction to Cloudberry The Company
Slide 27: Group legal structure
Group legal structure Cloudberry Clean Energy AS@) 100% Cloudberry Production AS 100% RoyrmyraVindpark AS Finnesetbekken Kraftverk AS Bjorgelva kraft AS Nessakraft Asi 27 Source: Cloudberry Note: (1) To be formally acquired during Q1 2021 (share purchase agreement signed); (2) Formerly named CB Nord
Slide 28: Cloudberry.no
Q Cloudberry Cloudberry.no
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