Slide 1: Investor Presentation: Global SuperReturn Conference
Global InterConnection Group Investor Presentation: Global SuperReturn Conference XAMS: CABLE September 2023 1
Slide 2: Disclaimer
DISCLAIMER THIS PRESENTATION AND ITS CONTENTS ARE STRICTLY CONFIDENTIAL AND ARE FOR DISCUSSION PURPOSES ONLY AND MUST NOT BE RELIED UPON FOR ANY PURPOSE. THIS PRESENTATION IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANA
Slide 3: Create-buy-build-transform: Global Market Opportunity
Global InterConnection Group Create-buy-build-transform Global Market Opportunity • Inexorable demand for electricity • Drive energy security • Solutions for intermittent power sources • Transmission grid upgrades to save costs and CO2 Barriers to Growth • Shortage of HVDC cable production • Shortag
Slide 4: About Global Interconnection Group
About Global Interconnection Group About GIG Interconnector Highlights Interconnected grids are more efficient and flexible in the face of rising energy demand and increasingly volatile supply: Global Interconnection Group ❖ Interconnectors are central to the energy transition and energy (XAMS:CABLE
Slide 5: Strategic Vision and GIG's positioning
Strategic Vision and GIG’s positioning Climate change adaption driving significant industrial requirements Strategic vision Global market opportunity Barriers to entry Required solutions Strategic vision ❖ Decarbonisation ❖ Shortage of development ❖ Grid upgrades: stronger and ❖ Portfolio of interco
Slide 6: Global InterConnection Group Team
Global InterConnection Group Team Depth of expertise across infrastructure investing and capital allocation Management Board Members Michael Ridley Director , Global InterConnectors SA Luke Webster • Former Vice Chairman, Investment Banking Edi Truell Non-Executive Group Director of JP Morgan and co
Slide 7: Partners
Partners World class resources and expertise complement management Partnership* for Atlantic SuperConnection Joint Venture* for Advanced Cables UK Market Leading Grid and Renewable Energy Operator World-Leading HVDC Cable Manufacturer ❖ Exclusivity Agreement signed with Atlantic SuperConnection ❖ JV
Slide 8: Global Interconnectors
Global Interconnectors GLOBAL INTERCONNECTION GROUP
Slide 9: Introduction: GIG InterConnectors
Introduction: GIG InterConnectors Planned Strategic Build-Up of Interconnector Portfolio Opportunity ❖ Grids face massive domestic capex requirements that outstrip their financing capacity ❖ Need to divest international operations ❖ Shortage of capital + expertise for Interconnector development ❖ Sc
Slide 10: 'Coalition of the Willing'
‘Coalition of the Willing’ Strategic Build-Up of Interconnector Portfolio Strategy Harness GIG’s capital market access and expertise to buy-build-transform interconnectors at attractive prices to produce a balanced portfolio. Buy with GIG Shares as well as cash to align interests ❖ Portfolio constru
Slide 11: Atlantic SuperConnection
Atlantic SuperConnection Proposed UK-Iceland interconnector 1
Slide 12: Introduction: Atlantic SuperConnection
Introduction: Atlantic SuperConnection GIG Infrastructure’s first interconnector project Project Overview ❖ Atlantic SuperConnection is developing a 1,708km subsea cable to transmit up to 1.8GW of renewable energy to and ❖ Expected project timeline: from Iceland and the UK - Final Investment Decisio
Slide 13: Atlantic SuperConnection: Financing
Atlantic SuperConnection: Financing £3.55 billion investment for interconnector Needs Sources ❖ £3,550 million cost to reach full commissioning ❖ £2,350 million debt, £1,200 million equity ❖ Includes £ 800 million contingency ❖ 66% debt / equity ❖ Budget and delivery assumptions informed by ❖ Long-t
Slide 14: Advanced Cables
Advanced Cables HVDC Cable Manufacturing Project 14
Slide 15: Introduction: Advanced Cables
Introduction: Advanced Cables World-leading HVDC factory to address global shortage Background Project Overview ❖ Advanced Cables is building an HVDC cable manufacturing ❖ 1,600km / year HVDC UK factory to be built. facility capacity to address global supply shortages ❖ Offtake ❖ Global shortage of
Slide 16: Hydro Pumped Storage (HPS)
Hydro Pumped Storage (HPS) A vital component of sustainable energy systems HPS efficiently stores and managed electrical energy, contributing to grid stability and renewable energy integration Energy Storage Advantages of HPS ❖ During periods of excess energy (e.g strong ❖ Grid Balancing: winds or h
Slide 17: Iceland financing: £4.5 billion
Iceland financing : £ 4.5 billion New Equity Investor Economics from current portfolio New Investor Proposition Modelled Value Accretion • New Investors are being offered either GIG shares or private co- Indicative Value - new money invest into ASC Energy and / or Advanced Cables £80.00 • Lower entr
Slide 18: Be Good Investors - Positive Impact
THE TRUELL CONSERVATION Be Good Investors - Positive Impact FOUNDATION Deliver meaningful, positive change for the environment and society, within a framework of pristine governance. ASC Example : UK ASC Example : Iceland Save 1.1 million tonnes of CO2 emissions every year 1.1 million tonnes of carb
Slide 19: Driving to market leadership
Driving to market leadership Buy-Build-Transform: Global InterConnection Group Global Interconnection Group ► Multi-$trillion global transformation of energy transmission under way ► Positive Impact supporting greater energy security and Net Zero, materially reducing CO2 emissions ► Margins and retu