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Investor Presentaiton

Pursuing growth opportunities at different stages Realizing value potential in Batteries, Hydro Rein & Hydro Havrand 2020: Hydro 2025 Strategy 1905 1991 2016 - 2019 2017 2021 Energy markets operations Market operations in the Nordics from 1991, Energia established in 2015 Power operations & projects Wind power PPAs Hydro Rein Developer, owner and operator of solar and wind assets. Minority in SPVs. Capital light Hydro First battery investment Batteries unit established 2020 Industrial owner organization Exploring opportunities in value chain Selected assets where Hydro can contribute Minority/balanced Latest growth asset Hydro Havrand established 2021 In build up phase. Concept to be developer, owner and operator of hydrogen assets from majority positions. Partner with external investors 84
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