Scatec (SCATC) Investor presentation summary

Market position and growth strategy

• Leading renewables 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 at 3.8 GW, with 1.4 GW under construction, 4.6 GW in backlog, and 3.9 GW in pipeline, spanning Africa, Asia, Latin America, and Europe.

• Strategic market selection based on high irradiation, cost efficiency, growing demand, and stable regulatory environments.

• Expansion in established markets like Egypt, South Africa, and the Philippines, while targeting new growth in Romania, Tunisia, Botswana, and Colombia.

• Positioned to benefit from a $560 billion investment trend in renewables across its regions by 2030.

Financial performance and funding

• Achieved record-high near-term portfolio growth, with EBITDA rising from NOK 1.3 billion in 2019 to a projected NOK 4.7 billion in 2025.

• Integrated business model generates 15–30% project equity IRR from multiple revenue streams, including development, construction, and services.

• Self-funded growth and deleveraging plan, leveraging operating cash flow, divestments, and available liquidity.

• Targeting NOK 1 billion annual equity investments and NOK 3.4 billion in divestment proceeds by 2030.

• Corporate debt reduced by 30% since strategy launch, aiming for NOK 4 billion gross corporate debt by 2030.

Portfolio and operational highlights

• Near-term portfolio includes 12.2 GW renewable generation and 9.8 GWh battery storage capacity, with significant growth in wind and storage.

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

• Revenue and debt currencies are largely matched and 83% of project debt is interest-hedged.

• Asset portfolio diversified across 15+ countries, with major projects in Egypt, South Africa, Brazil, and the Philippines.

• Proven track record of divesting non-core assets to fund growth and repay debt, with NOK 2.6 billion proceeds received between Q3 2024 and Q4 2025.