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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 46
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