Orsted · OMXCOP:ORSTED
Orsted — Ørsted — Merger or Acquisition (April 2021)
9 slides from Orsted's merger presentation, Apr 16, 2021
Slide 1: Ørsted acquires Ireland and UK onshore wind power platform from Brookfield Renewable
Ørsted acquires Ireland and UK onshore wind power platform from Brookfield Renewable 16 April 2021
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain forward-looking statements, including but not limited to, the statements and expectations contained in the “Financial Outlook” section of this presentation. Statements herein, other than statements of historical fact, regarding our future results of oper
Slide 3: Ørsted enters onshore European market with the acquisition of Brookfield Renewable Ireland (BRI)
Ørsted enters onshore European market with the acquisition of Brookfield Renewable Ireland (BRI) • Agreement to acquire BRI, an Ireland & UK developer, owner, and operator of onshore wind • Acquiring 100 % of equity placing an enterprise value on BRI of EUR 571 million as of 31 December 2020 • Sizab
Slide 4: Ørsted Onshore
Ørsted Onshore • Onshore wind and solar PV business is expanding rapidly Top 5 companies by US renewable capacity additions since 20171 GW • 4 GW in operation and under construction 9.5 • Top 5 in terms of new US renewable capacity additions 5.1 5.1 since since 20171 4.3 4.0 • Onshore US market will
Slide 5: Brookfield Renewable Ireland platform
Brookfield Renewable Ireland platform • Fully functional stand-alone business Footprint Operating asset cluster3 • Sizable and attractive operating portfolio and Under construction development pipeline of high quality, with focus on larger Advanced development projects (+100 MW) and strong local par
Slide 6: ~550 MW portfolio by 2025 with a further +1 GW pipeline
~550 MW portfolio by 2025 with a further +1 GW pipeline • Immediately value creating and low risk acquisition Portfolio overview Capacity (MW) • Disciplined purchase price with vast majority of value tied to +1,000 1,538 operating and under construction portfolio • 327 MW operational assets, 62 MW u
Slide 7: Q&A
Q&A Conference call DK: +45 7815 0108 UK: +44 333 300 9265 US: +1 833 249 8405 Ireland: +35 312 232 016 For questions, please press 01
Slide 8: Operating, under construction and advanced development portfolio
Operating, under construction and advanced development portfolio Offtake of operating assets Operating portfolio (% of MW) • 19 assets in operation, total capacity 327 MW 3% Subsidy1 • 97 % of capacity offtake through REFIT or long term cPPA contracts Merchant • Average of 5 years remaining of subsi
Slide 9: Irish and UK onshore markets set for growth through 2030
Irish and UK onshore markets set for growth through 2030 Growing Irish & UK clean energy ambitions… … will drive need for onshore wind capacity expansion across both markets… Expanding Irish clean electricity targets to 20301 TWh Growth in Irish wind Growth in UK wind Onshore wind 36 capacity to 203