Scatec (SCATC) Investor presentation summary

Market position and growth strategy

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

• Historical capacity growth driven by acquisitions and new construction, reaching 7.3 GW installed, acquired, and under construction by 2025.

• Strategic market selection based on project returns, cost efficiency, power demand, regulatory stability, and established offtake routes.

• Diversified presence in established and new growth markets, adapting quickly to changing conditions.

• In-house expertise across development, construction, and operations ensures competitive advantage and predictable cash flows.

Financial performance and funding

• Growth funded through asset rotation and solid operating cash flow, with EBITDA rising from NOK 1,305 million in 2019 to NOK 4,694 million in 2024.

• Capital-efficient model leverages multiple revenue streams and partnerships, reducing equity needs through ownership platforms and farm-downs.

• Self-funded business plan through operating cash flow, divestments, and available liquidity, targeting NOK 1 billion annual equity investments.

• Targeting NOK 3.4 billion in divestment proceeds and NOK 4 billion gross corporate debt by 2030, with significant interest expense reduction.

• Proven track record of value-accretive divestments, with proceeds supporting growth and deleveraging.

Portfolio and operational highlights

• Near-term growth portfolio adds 6.7 GW renewable generation capacity and expands battery storage to 4.9 GWh.

• Robust project equity IRRs of 15–30% maintained through strict value creation criteria and integrated approach.

• Approximately 70% of EBITDA from long-term PPAs, with 14 years average remaining PPA and 16 years average debt tenor.

• Portfolio spans operational, under construction, backlog, and pipeline assets across multiple continents.