Investor Presentaiton
Strong production platform, market performance and
growth opportunities
Excellent hydropower operations & growth projects
14.0 TWh
Operations of power
assets in Norway.
9.4 TWh equity owned
hydropower.
Karmøy 4 TWh smelter
control room service
NOK 1 billion
Potential Hydro
investments in Lyse
Kraft DA giving 150 MW
and 60 GWh supporting
green shift and high-end
volatile market
200 GWh
Potential increased
production in Fortun by
building pumping power
station at Illvatn and
Øyane
Leading power market player
Top 5 in Europe
on PPAs
Among the largest PPA
buyers in Europe,
measured in MW over the
last 6 years
Market analysis, market
operations, sourcing,
trading & portfolio
management
Hydro
Among the top 10%
largest energy trading
companies and
managing the 2nd
largest power
consumption portfolio in
Brazil
Industry leader on cost and operational performance
Resource spend Norwegian hydropower players 2020
NOK/MWh
Cost of labor Other OPEX
80
60
40
20
0
Hydro
Peer
Peer
Peer
Peer
Peer
Peer
1) Based on a normal production of 9.4 TWh with a 2021 seasonal profile at last 12 months prices of NOK 2 / kWh
Sources: THEMA, Schneider Electric: Neo Network PPA Deal Tracker 2017-2022
Strong platform for value creation
•
.
EBITDA "platform" from operations:
•
8 TWh on long term contracts (predictable prices) + 2 TWh (avg.) net
long spot volume in merchant market:
App. NOK 3.5 billion LTM adjusted with normal production and no
area price gain¹)
Commercial contribution in addition of app. NOK 400 million average last 3
years
Well positioned portfolio to benefit from area price differences
Maturing portfolio growth options; emphasis on flexible production &
selected geographies
55
85View entire presentation