Investor Presentaiton
Growing in energy
Leveraging strong platform and capabilities
Energy Operations
& Energy Markets
REIN HYDRO
Hydro
.
•
•
•
•
Approx 3.5 BNOK earnings "platform" (LTM
adjusted to normal production and no area price
gain)
In addition, commercial contribution of approx.
400 MNOK average last 3 years
USD 2.7 billion contracted revenues¹)
NOK 400 450 million estimated EBITDA
contribution from projects in construction in 2026
NOK 2.5 billion remaining capex for projects in
construction
Adjusted EBITDA Energy 2019-2022
NOK million
HAVRAND
Hydro
•
Batteries
.
•
Establishing as developer, owner and operator
of green hydrogen production facilities
Large fuel switch potential next decade
internally, enabling hub development for external
customers
NOK 3 billion capital allocated 2020-2025
Targeting 3x value uplift on equity invested by
2025
1) Projects in construction: Stor-Skälsjön, Mendubim, Boa Sorte, Feijão
1 509
1 245
4 926
3 790
2019
2020
2021
2022
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