Saga Pure Asa · OSL:SAGA
Saga Pure Asa — Q1 2021 Earnings Presentation
35 slides from Saga Pure Asa's earnings presentation, May 10, 2021
Slide 1: First quarter 2021 presentation
SPNCPM PURE | First quarter 2021 oresentation Bjorn Simonsen, CEO May 10, 2021
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Slide 4: Our mission: pure growth
Our mission: pure growth >10,000 1.5 BNOK Number of Market cap as shareholders of May 8, 2021 Unparalleled deal flow Technical and financial expertise Leveraging Ferncliff group's capabilities Listed on Oslo Stock Exchange (main list) SAGA
Slide 5: Q1 highlights
Ql highlights 3 148 MNOK 16% 833 MNOK Strategic investments Net profit from operations! Return on equity Cash balance S A G A Pp U R E 1 Of which 57 MNOK are realized profits from investments
Slide 6: Subsequent events
Subsequent events Listing of Bergen Carbon Solutions on April 19" + Announced the addition of Jorgen Kopperstad and Rob Stevens to the Saga Pure team to strengthen industry expertise within sustainable maritime and ammonia solutions * Completed investment in Heimdall Power * Cash position of NOK ~75
Slide 7: Combining industrial and financial expertise
Combining industrial and financial expertise Board Martin Nes Chairman of the Board @ystein Stray Spetalen Board Member Yvonne Litsheim Sanvold Board Member Christine Spiten Board Member SAGA (aU Bjorn Simonsen Espen Lundaas bela efetrnicin Chief Executive Officer Chief Financial Officer Tore Jakob
Slide 8: Core team
Core team Bjorn Simonsen Chief Executive Officer Espen Lundaas Chief Financial Officer Florian Melcher Investment Manager Jan Frode Andersen Investment Manager 10+ years’ experience from the hydrogen sector, incl. key positions in Nel ASA from public listing in 2014 until 2020 MSc in Process Enginee
Slide 9: Influencing factors
Influencing factors SPNeyS PURE
Slide 10: 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 11: ..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 12: Was 2020 a big, fat green swan in disguise?
Was 2020 a big, fat green swan in disguise? COVID-19 and the migration to the next S-curve! | | | | | | | [World Wart! | Global industrialization I Technology efficiency boom [Pandemic rest | Migration to new | Newrenaissance | S-curve Ss A (e) A Pp U R E Source: ' EY, Megatrends 2020 and beyond (20
Slide 13: Investment space
Investment space SPNeyS PURE
Slide 14: Renewable energy
Renewable energy + Investments in renewables and batteries need to be USD ~400 billion/year until 2050 to meet the goals of the Paris Agreement (1) * Global wind and solar capacity alone is expected to grow almost 9x from 1330 GW in 2019 to 11 830 GW in 2050 (1) + Annual power grid investments set t
Slide 15: Circular economy
Circular economy + The world generates 2 billion tonnes of municipal solid Global waste breakdown by type! waste annually of which only 13,5 % is recycled! + The global production of plastics is expected to grow from 268 million tonnes in 2019 to 1124 million tonnes in 205023 2% 2% YZ = Food and gre
Slide 16: A price on carbon is essential to reduce the global carbon footprint
CO, + Aprice on carbon is essential to reduce the global carbon footprint and for investors to assess investments opportunities and risk + Carbon prices must rise to USD 160 per ton CO, by 2030 in order to stop global temperatures from rising above the 1.5° target? * Carbon is getting hot: early May
Slide 17: Hydrogen
Hydrogen + Hydrogen has the potential to replace most of the coal, oil and natural gas * Storing hydrogen is tricky - 1 kg of hydrogen takes up 11,000 liters at atmospheric pressure, ~43 at 350 and ~25 at 700 bar + If hydrogen is cooled to 20 K, or -253° C it turns into liquid and density increases
Slide 18: Maritime
Maritime * Ships are the most energy efficient transport alternative, Number of battery powered seagoing and planned vessels* moving about 90% of world trade while generating about 3% of total global GHG-emissions 250 + IMOwith target to reduce emissions from international shipping by at least 50% b
Slide 19: Ammonia
Ammonia + Existing market 180 million MT NH, of which 160 is captive use Projected ammonia demand toward 2050 and 20 is traded (40 out of 180 non-fertilizer)! * To reach goal of 5% zero emission maritime fuel by 2030 800 ammonia demand for maritime sector alone can reach ~15 million MT if 50% market
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: Feb we asked: Is there a green bubble in the making?
Feb 16 we asked: Is there a green bubble in the making? HEXAGON Purus @NIKOLA TESLA r T T T T : T T T T T T T T T T 06 o7 08 09 10 N 12 13 4 15 16 7 18 9 20 21 SAGA Sarasa Source: Saga Pure & Bloomberg
Slide 23: Current status: We are in a green correction
Current status: We are in a green correction HEXAGON Purus @NIKOLA TESLA r T T T T : T T T T T T T T T T 06 o7 08 09 10 N 12 13 4 15 16 7 18 9 20 21 SAGA Sarasa Source: Saga Pure & Bloomberg
Slide 24: Many greentech companies dropped 50% in Q1 - what now?
Many greentech companies dropped 20 - 50% in Q1 - what now? 1. Renewable energy is here to stay - and will cover our future energy needs 2. Although hundreds of billions are invested annually, the transition has just begun 3. Public funds are being channeled into the sector, and policies are affecti
Slide 25: Investment highlights
Investment highlights SPNeyS PURE
Slide 26: Horisont Energi
Horisont Energi 4 — 7 Horisont energi COMPANY & INVESTMENT DETAILS HIGHLIGHTS Horisont Energi is a Norwegian energy company focused on developing blue hydrogen and ammonia projects as Short listed for IPCEI-project well as innovative solutions for carbon storage. support Received grant of 10 MNOK fr
Slide 27: Pryme
Pryme COMPANY & INVESTMENT DETAILS Pryme is using a modified pyrolysis process which converts waste plastics into pyrolysis oil which will be further refined downstream for production of new plastics. Investment NOK 30 million (IPO Feb’21) Status Market value of Saga Pure position of NOK ~35 million
Slide 28: Successful listing of BCS
Successful listing of BCS BERGEN CARBON \-/ SOLUTIONS COMPANY & INVESTMENT DETAILS Bergen Carbon Solutions - uses innovative technology to produce carbon nanofibers from CO, at a fraction of the energy consumption of conventional production methods and without any associated emissions. Listed on Eur
Slide 29: Heimdall Power
Heimdall Power HEIMDALL COMPANY & INVESTMENT DETAILS Heimdall Power offers a rapid transition to fully digitized electric grid assets with patented low-cost sensors and software portfolio. Investment Subscription of NOK 75 million in a gross NOK 155 million private placement of new shares Status All
Slide 30: ICT
ICT COMPANY & INVESTMENT DETAILS IC Technologies is developing storage and distribution solutions for cryogenic gases with focus on liquid hydrogen. Investment Subscribed NOK 30 million in a NOK 35 million private placement, option to invest another NOK 30 million within 18 months Status Ownership o
Slide 31: Featured investment: Heimdall Power
Featured investment: Heimdall Power SAGA Ue
Slide 32: Summary and outlook
summary and outlook SPNeyS PURE
Slide 33: Outlook: bumpy, green road ahead
Outlook: bumpy, green road ahead 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 Hi
Slide 34: Saga Pure - seek and undestroy
SAGA (URI seek and undestroy Wwww.saga-pure.com
Slide 35: Q&A
SVNCPe PURE | Q&A