Cloudberry Clean Energy Asa · OSL:CLOUD
Cloudberry Clean Energy Asa — Q2 2024 Earnings Presentation
21 slides from Cloudberry Clean Energy Asa's earnings presentation, Aug 21, 2024
Slide 1: Cloudberry Clean Energy Second Quarter Report 2024
Q Cloudberry Cloudberry Clean Energy Second Quarter Report 2024 21 August 2024 Q Cloudberry
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 & strategy Key Financials Market & summary Selselva
Slide 4: Q2 2024 highlights
Q2 2021 Q2 2022 Q2 2023 Q2 2024 • • • • • • • • YE 2020 YE 2021 YE 2022 YE 2023 1H 2024
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 Our Portfolio” Bo B Develop Value creation & E SG cei Operate Local developer, owner and operator of renewables in the Nordics The responsible way 5 1) _ Portfolio based on net ownership (proportionate figures) Type
Slide 6: A diversified and growing portfolio across the Nordics
A diversified and growing portfolio across the Nordics Annual production Legend Norway Sweden Denmark Totals Producing including under construction” 2020 6 1) Annalrun-rate production for assets and projects under construction based on normalized production ( ») Cloudberry
Slide 7: Portfolio overview
Portfolio overview Overview not including the exclusive Backlog of 733 MW (491 MW last year) mw!) 500 _ Legend ot 60 PE Construction 400 140 300 296 _19 200 106 100 0 Royr, Forte Small Odal_ ~= Handi. Sundby Kvem. Total. ©~« Munk =Total. «= Nees. = Duv. (50%) hydro (33.4%) (80%) (80%) 1) _Proportion
Slide 8: Cloudberry's strategic focus
Cloudberry’s strategic focus Key items Actions Profitability over growth Fully financed industrial platform Executing on our projects Accretive capital recycling as the backbone for growth (continuously evaluating sale or farm-downs in order to finance new and accretive projects) Taking advantage of
Slide 9: New cooperation with Holmen
New cooperation with Holmen Significantly accelerates Cloudberry’s development activities New long-term cooperation between Cloudberry and Holmen Cloudberry gains access to Holmen areas in SE3 for the development of wind energy projects. Holmen is one of Sweden’s largest forest owners and manufactur
Slide 10: ESG update Q2 2024
ESG update @2 2024 Main E: ti No health and safety incidents or environmental damages recorded in Q2 2024 Health and safety training conducted in Q2 2024 related to construction of Munkhyttan wind farm No whistle-blowing incidents or breeches of compliance was detected in Q2 2024 Avoided emissions o
Slide 11: Key Financials
Key Financials Mn Han
Slide 12: Proportionate assets, interest bearing debt and consolidated equity
2020 2021 2022 2023 Q2 2024 Proportionate Assets Proportionate interest bearing debt Consolidated equity
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: Liquidity and commitments overview
Liquidity and commitments overview NOKm Sundbby (~EUR 1.5), ‘Munkhyttan (~EUR 5m) and Qvre Kvemma (~NOK 111) -185 Q2 24 proportionate cash Remaining capex 14 EUR/NOK FX of 11.4 To be drawn under existing debt facility in Q3/Q4 2024 ‘Munkhyttan (~EUR 15m) and Qvre Kvemma (~NOK 60m) 231 Undrawn projec
Slide 15: Proportionate and consolidated EBITDA
2020 2021 2022 2023 Q2 2024 LTM Proportionate EBITDA Consolidated EBITDA
Slide 16: Q2 2024 financial comparison
• • • • • Q2 2023 Q2 2024 Q2 2023 Q2 2024
Slide 17: Profit or loss (segment reporting)
Profit or loss (segment reporting) Proportionate Financials NOK million Revenues and other income Commercial (Production) Projects (Development) Asset Management (Operations) Corporate EBITDA Commercial (Production) Projects (Development) Asset Management (Operations) Corporate Power Production (Wh)
Slide 18: Revenue and EBITDA
• • • • • • • • • Revenue EBITDA Revenue EBITDA
Slide 19: Market & summary
Market & summary Sundby
Slide 20: 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030
160 140 120 100 80 60 40 20 0 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030
Slide 21: Closing remarks
Closing remarks Strategy Value Market a A flexible local renewable platform to push the energy transition in the Nordics Focusing on the proven and uncorrelated technologies where we see the most value Delivering on our development and construction projects while increasing our project portfolio Sho
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