Orron Energy Ab · OMXSTO:ORRON
Orron Energy Ab — Q1 2025 Earnings Presentation
15 slides from Orron Energy Ab's earnings presentation, May 6, 2025
Slide 1: Q1 2025 Presentation
Q1 2025 Presentation Daniel Fitzgerald, CEO Espen Hennie, CFO 6 May 2025
Slide 2: Orrön Energy
Orrön Energy Part of the entrepreneurial of companies 380 MW Organic growth across the full Large scale greenfield 100 MEUR Producing assets lifecycle pipeline Liquidity headroom Delivering long-term Value creation from High return on capital Fully funded cash flow development via project sales for
Slide 3: Orrön Energy First Quarter 2025
Orrön Energy First Quarter 2025 Ready-to-Permit reached for Power generation 251 GWh 98 MW German project Sales process ongoing Revenues 10 MEUR 2.5 GW of UK projects (1) at Ready-to-Permit EBITDA 1 MEUR (2) UK grid reform results At 40 EUR/MWh(3) expected in 2H 2025 Delivered in line with Net debt
Slide 4: Power Generation
Orrön Energy Power Generation 2025 production estimate 900-1,050 GWh On track to meet 2025 production estimate 460 447 378 387 Ancillary services active on MLK GWh Karskruv qualification ongoing 251 251 Price dependent bidding implemented across 67% of portfolio H2 H1 H2 H1 H2 Q1 2022 2023 2024 2025
Slide 5: Project Pipeline Maturing, UK Grid Reform Process Approved
Orrön Energy Project Pipeline Maturing, UK Grid Reform Process Approved Large-scale greenfield pipeline created organically 2.5 GW Battery storage UK solar and battery projects at RtP, awaiting grid reform outcomes Solar 98 MW German solar project at RtP, sales process ongoing UK grid reform process
Slide 6: Greenfield Sales Process Initiated for First 98 MW Agri-PV Project in Germany
Orrön Energy Greenfield Sales Process Initiated for First 98 MW Agri-PV Project in Germany Project timeline Project location RtP secured through unanimous Land Grid municipal Sales process Ready secured secured approval initiated to Build COD Germany Q1 2025 Q1 2025 2026 2028 Additional German proje
Slide 7: Financial Highlights
Orrön Energy Financial Highlights First Quarter Results 251 10 Power generation GWh Revenue MEUR Achieved price 40 EUR/MWh EBITDA(1) 1 MEUR Finacially Resilient End Q1 Net debt 69 MEUR 170 Debt facility MEUR All numbers proportionate (1) Excluding non-cash items OE00042 fin p01 05.25 7
Slide 8: Delivering in Line with Guidance
Orrön Energy Delivering in Line with Guidance Three Months 2025 2025 Actuals Guidance Operating expenses 5 MEUR 17 MEUR G&A expenses(1) 2 MEUR 9 MEUR Sudan legal costs (2) 2 MEUR 7 MEUR Capital expenditure(3) 2 MEUR 12 MEUR Guidance is presented based on proportionate (net) ownership in assets and r
Slide 9: 2025 Key Financial Metrics
Orrön Energy 2025 Key Financial Metrics Q1 Q2 2024 Q3 Q4 2025 Q1 Power generation (GWh) 13.5 274 182 164 287 251 Achieved price (EUR/MWh) 10.1 49 31 18 30 40 8.7 7.5 5.6 5.9 MEUR Including 3.9 2.9 Leikanger gain 1.0 1.2 Excluding Leikanger -1.6 -0.6 gain -3.4 -4.0 -3.9 -4.6 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q
Slide 10: Achieved Price
Orrön Energy Achieved Price Capture price discount 2023 22% 2024 26% 2025 YTD 17% First Quarter 2025 47 1 46 40 8 EUR/MWh Average Average Other Capture price Average system price regional revenues(2) discount achieved price spot price(1) (1) Geographical split based on actual power generation (2) An
Slide 11: Cash Flow and Net Debt
Orrön Energy Cash Flow and Net Debt First Quarter 2025 Liquidity -60 150 82 102 100 Opening 1.2 net debt(1) 31 Dec 2024 65 MEUR 2.4 Capital expenditure MEUR -0.6 MEUR 1.9 Acquisitions 50 0.1 Closing -4.3 net debt(1) 31 Mar 2025 -70 20 69 MEUR CFFO Changes Cash flow Others(2) excluding in working fro
Slide 12: 2025 Cash Flow Outlook
Orrön Energy 2025 Cash Flow Outlook Assuming 2025 power generation of 975 GWh Breakeven price Excludes any revenue excluding Sudan costs from greenfield pipeline 43 27 EUR/MWh 32 EUR/MWh MEUR 36 Including Sudan legal costs Achieved price 2025 (EUR/MWh) Q1 Q2–Q4 40 25 17 28 40 35 12 10 10 40 45 2 3 5
Slide 13: Creating value through the Energy Transition
Creating value through the Energy Transition Long-term cash flow from Financially resilient with over operating wind farms and 100 MEUR liquidity headroom greenfield project sales Organic growth platforms Large-scale projects on track delivering across 5 countries for early monetisation OE00042 intr
Slide 14: Disclaimer
Orrön Energy Disclaimer Forward-Looking Statements Statements in this presentation relating to any future status or circumstances, including statements regarding future performance, growth and other trend projections are forward-looking statements. These statements may generally, but not always, be
Slide 15: Creating value through the energy transition
www.orron.com Creating value through the energy transition OE00023 p20 08.23 15