Scatec (SCATC) Investor presentation summary

Market position and growth strategy

• Leading renewable IPP in emerging markets with a diversified portfolio across solar, wind, hydro, BESS, and green hydrogen, focusing on strong, contracted cash flows and value-accretive growth.

• Operational capacity stands at 4,518 MW, with significant projects under construction, in backlog, and in the pipeline, targeting rapid near-term expansion.

• Strategic market selection prioritizes regions with high solar irradiation, stable regulatory environments, and strong power demand, ensuring repeat business and long-term growth.

• Growth markets include Egypt, South Africa, Philippines, Brazil, Romania, Tunisia, Botswana, and Colombia, leveraging local partnerships and adapting to market conditions.

• Integrated business model enables self-funded growth and deleveraging, supported by high ESG standards and in-house expertise across the value chain.

Financial performance and capital structure

• Achieved record-high near-term growth portfolio, with renewable generation capacity expected to increase by 6.7 GW in the next few years.

• Proportionate EBITDA reached NOK 4,694 million, with growth funded through solid operating cash flow and asset sales.

• Maintains robust project equity IRRs of 15-30% through strict value creation criteria and integrated project approach.

• Long-term contracted cash flows, with 67% of EBITDA from PPAs averaging 14 years remaining, and 83% of project debt interest hedged.

• Capital efficient funding structure leverages project lenders, equity partners, and farm-downs to minimize equity needs.

Deleveraging and divestment strategy

• Targeting NOK 4 billion gross corporate debt by 2030, with significant reductions already achieved through repayments and asset sales.

• NOK 3.4 billion in divestment proceeds targeted by 2030, with a proven track record of value-accretive deals in South Africa, Mozambique, Rwanda, Vietnam, and Uganda.

• Deleveraging has reduced net interest-bearing debt and corporate interest expenses, strengthening the balance sheet.

• Self-funded business plan relies on operating cash flow, divestments, and available liquidity to support growth and deleveraging.