Orrön Energy AB (publ) (ORRON) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, everyone. Welcome to Our Energy's Q2 presentation. Joining us today, we have our CEO, Daniel Fitzgerald, and CFO Espen Henne, who will run us through the presentation and the latest developments of Our Energy. At the end of the presentation, we will have a Q&A session, so feel free to send across questions as we go along. We will collect and go through them at the end. And with that, I'd like to hand over to Daniel Fitzgerald to start off this presentation. Thank you, Jenny. And good afternoon and welcome to our second quarter results presentation, where Espen and I will give an overview of the performance for the first half of the year, and then also the strategic direction for the company, including the CloudBerry transaction, which we announced during Q2. I wanted to start today with a quick overview of Oron Energy, where we stand today, and then most importantly, where the valuation sits for the company today. And I think that the title on this slide really tells a massive story around the compelling value proposition. And we don't need to go far beyond the transaction with CloudBerry to understand where that and why that value sits within Auron Energy. And for a long period of time, almost since inception of the company, we have traded with a discount to the underlying value of our assets. If I look first at the CloudBerry transaction, which we will touch on in the coming slides in a bit more detail, That transaction will translate into a 27% ownership in CloudBerry, where we have divested a large portion of our Nordic assets with the exclusion of CastGroove, and in return we'll receive shares and cash in CloudBerry. When I look at the value of that share today, so that 27% shareholding, it equates to around 5.7 SEC per share in Auron Energy, and today we're...