Annual General Meeting 2023

Oslo, 18 April 2023

Terje Pilskog, CEO

Scatec - a leading renewables player in emerging markets

Scatec in brief

Develop, build, own and operate renewable energy

4.6 GW in operation and under construction

Close to 800 employees

Plants in operation

Plants under construction

in 30 countries

3,161 MW

1,422 MW

39 MW

20 MW1

2

  1. 225 MW/1,140 MWh of battery storage is additionally under construction related to the RMIPPP project in South Africa
    *Scatec's focus markets: Brazil, South Africa, Philippines, Egypt, India, Poland & Hydro Africa.

2022: Strong operational performance and accelerating growth

  • Impacted by the war in Ukraine and global energy crisis
  • Strong operational performance throughout the year
  • Construction start of 1.2 GW in South Africa, Brazil and Pakistan
  • Announced sharpened strategy and new growth targets
  • Executive team expanded to strengthen our regional set-up

3

3

NOK 2.6 billion

total prop. EBITDA

(-5% YoY)

NOK 2.5 billion

equity investment

(25% of 2027 target)

4.6 GW

in operation and

under construction

(+38% YoY)

Our strategy:

Develop, build, own and operate renewable energy in emerging markets

Grow

Renewables

Advance

Green Hydrogen

Optimise Portfolio

4

Strong and predictable cash flow from operating assets

~80% hedge of project debt and ~90% of PPAs partly inflation protected*

Proportionate Power Production - EBITDA

MNOK

3,000

2,949

2,835

+55%

2,500

2,000

1,500

1,404

1,000

976

500

493

0

2018

2019

2020

2021

2022

5 *~90% of Power Production EBITDA is either in USD/EUR, have partial or full inflation protection through local CPI adjustments, or is based on sales in the local power market (Philippines).

2023 EBITDA estimate of

NOK 2.7 - 3.0bn

from operating plants

Additional

NOK 750 million

from projects under

construction

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Scatec ASA published this content on 18 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 April 2023 11:07:07 UTC.