Company Presentation

Company presentation – January 13 – page 1 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com Welcome to Scatec Solar our values predictable driving results change makers working together Company presentation – January 13 – page 2 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com What we do: predictable driving results changemakers working together our vision: our values: Scatec Solar – who are we 7 We leverage our experience and vertically integrated business model to identify and realize new high return project development opportunities Improving our future Company presentation – January 13 – page 3 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com Scatec Solar – a brief overview Established: 2007, HQ in Oslo Employees: 80 Main shareholders: Scatec* 62.5 %, Itochu 37.5 % Unique vertically integrated, scalable and flexible business model • All required competences in-house to ensure a successful project • On-the-ground technological expertise with best practice processes and risk management Excellent track record across multiple markets in different roles and applications • Track record of approx. 270 MW installed, 70 MW under O&M, 50 MW sales of project rights • Project finance track record of more than 800 M€ • Ownership of 22 MW of assets in Czech Republic, Italy and US Highly successful in the South African IPP program, business development initiatives across a diversified set of markets • Firm back-log of 190 MW in South Africa • Exclusive agreement with IFC covering West and Central Africa • Joint development agreement in Japan Sulkov, Czech R 2010, 10 MWp Milano, Italy 2010, 7.2 MWp * Includes Scatec controlled shares Company presentation – January 13 – page 4 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com Scatec Solar is fully integrated downstream and possesses all the required capabilities to realize a project Project development (1-2 years) Financing (6-12 months) Construction (2-5 months) Own / operate ? Arrange debt and equity capital for individual projects or portfolios ? Engineering and system design ? Procurement and supply chain management ? Construction and quality control ? Scatec Solar takes equity positions with an aim to recycle capital within 3-5 years ? Currently holds 20 MW of assets in Czech Republic and US ? Operates plants throughout its lifetime ? Currently 65 MW under operation ? Scatec Solar seeks to be an early entrant into new markets ? By partnering with local players we seek to get access attractive projects and secure all the required permits to construct a PV park Company presentation – January 13 – page 5 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com On-the-ground technological expertise with best practice processes and risk management In-house capabilities • Engineering • Design • Supply chain management • Project management • Operation and Maintenance Track record of approx. 265 MW in Germany, Czech Republic, Italy, France, and South Africa World’s first triple certified solar system integrator for • Quality (ISO 9001) • Environment (ISO 14001) • Occupational Health and Safety (OHSAS 18001) Ground mounted PV Roof top PV PV Carports Sulkov, Czech R. 2010, 10 MWp DHL roof, Italy, 2010, 7.2 MWp Quinciuex, France, 2011, 8MWp Sample projects: MW sized power plants Triple ISO certified Company presentation – January 13 – page 6 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com We have a worldwide presence Project development Ownership of assets EPC services Planned Japan India ? Rural el project Hawaii Norway HQ Germany ? Execution hub France Czech R West / Central Africa South Africa South America Overview 1 Saudi Arabia US Central America Romania MENA Company presentation – January 13 – page 7 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com Scatec Solar has a solid track record … SOURCE: Scatec Solar 1 Small rooftop projects are grouped and listed as “one project” per year Cumulative project size MWp Cumulative number of projects1 Track record: • No calls on performance or warranty bonds, • No loss-making contracts. • All projects completed without significant overrun on time or cost • Performance expectations met or exceeded Company presentation – January 13 – page 8 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com various roles various markets various applications … across various roles, markets and applications Proven and diverse experience in multiple geographies, different roles and different applications Proven project development and EPC capabilities Business model is scalable across new markets Proven execution in multiple applications Track record across Company presentation – January 13 – page 9 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com • Non-recourse financing of 3 plants (13 MW) in Germany in 2009, totaling EUR 35 mill (5 facilities) • Non-recourse financing of 1 plant (7 MW) in Italy in 2010, totaling EUR 17 mill (1 facility) • Non-recourse portfolio financing of 4 plants (20 MW) in Czech Rep. in 2010-11, totaling ~EUR 65 mill (7 fac.) • Non-recourse portfolio financing of 9 plants (9 MW) in Italy in 2010-11, totaling EUR 33 million (9 facilities) • Credit approval for financing of 3 plants (190 MW) in South Africa in 2011-12, totaling ~EUR 550 mill (6 fac.) Scatec Solar has a project finance track record of ~EUR 800 million Debt financing track record Asset structuring and management experience • 7,5 MW of operating assets in Germany (from late 2008 / early 2009, under management) • 20 MW of operating assets in Czech Rep. (from late 2009 / late 2010, under management) • 9 MW of operating assets in Italy (from late 2009 – early 2011, recently sold) • 190 MW already structured in South Africa. Additional volumes in preparation. Equity sale track record • 9 MW of operating assets in Italy sold to an institutional equity investor in late 2011 • An additional 2 MW sold to another investor in Q2 2012 Company presentation – January 13 – page 10 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com The Czech parks owned and operated by Scatec Solar are consistently overperforming relative to original expectations Hrusovany Mramotice Sulkov Svitavy 3 133 2 648 9 993 4 033 2011 (whole year) 2012 Jan - May Plant Size (kW) Production (kWh), actual vs budget (%) +13% + 11% + 11% + 7% +19% + 16% + 23% + 20% All parks have consistently shown a substantial overproduction relative to budget. Since actual solar irradiation have varied less than +/- 1.5% during the same period, this reflects a real technical over performance relative to expectations Note: The Svitavy park showed less positive deviation in 2011 due to extraordinary downtime in connection with equipment upgrade Company presentation – January 13 – page 11 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com Round 1: • Results were announced on December 7th 2011 • Only Wind and Solar projects were given allocation • 18 PV projects (totaling 632 MW) were awarded; ranging in size from 5 to 75MW (75 = capacity ceiling for PV) • Scatec Solar was awarded the Kalkbult project (75MW) • Financial close in November 2012 Scatec Solar has been awarded three projects in the first and second rounds of the REFIT program Round 2: • Results were announced in May 2012 • 9 PV projects totaling 417 MW were awarded • Scatec Solar submitted 5 projects and was awarded 2; the Dreunberg and Linde, totaling 115MW, more than 25% of the total • Financial close scheduled for April, 2013 Company presentation – January 13 – page 12 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com Scatec Solar is securing growth opportunities across diverse markets US: • 55 MW of project rights in California and Hawaii already sold. 200 MW in Utah in advanced stage development • Cooperation with wind developer in Texas to offer hybrid solutions Japan: Scatec Solar has a JV with Itochu in an attractive market • Japan has introduced an attractive feed-in-tariff regime • Scatec Solar has a JV with Ecosystem Japan, a subsidiary of Itochu. Installations and revenue expected in 2013 Scatec Solar is focusing on 5-6 business development activities at any given time – utilizing the strength of our integrated business model and strong network of local and international partners Europe: 1-2 new growth opportunities • Currently assessing opportunities in Romania, Cyprus and Jordan • Recently signed an EPC contract and business development cooperation in Romania South America: Assessing opportunities • Dedicated team is assessing opportunities Business Dev. 4 South Africa: key market in 2012 and 2013 • Backlog of 190MW, targeting additional projects for phase 3 • Will be used as starting point for further expansion to nearby countries West Africa: High growth market, cooperation with International Finance Corporation (IFC) • A joint development agreement with IFC (private arm of the World Bank) signed in June 2012 • Plan to build a portfolio of projects in Benin, Burkina Faso, Cameroon, Niger, and Togo Company presentation – January 13 – page 13 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com West Africa – Growth Region in Need of Electricity ? Strong growth region with huge power demand ? PV is competitive in this segment as costs for operating diesel generators and heavy fuel plants are higher than that for PV ? Scatec Solar cooperates with IFC in the 15 ECOWAS countries (economic community of West African States) – IFC responsible for financing (grants, soft loans, concessional loans), and is our development and equity partner – Scatec Solar will develop and own the PV plants together with IFC and other partners and be the sole EPC provider Estimated cost of electricity delivered by diesel generator SOURCE: Scatec Solar ~0,04€/kWh >2,0€/kWh Company presentation – January 13 – page 14 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com Scatec Solar is well positioned for further growth Independent We are free to chose the best available solutions and discuss with the right partner at any time. We are not burdened by heavy investments in technology and production Flexible Our business model can be tailored to different partners and conditions in different markets Competent We are ISO certified and have proved our competence on landfills, quarries and challenging rooftop solutions Wide network Our extensive global PV network provides access to leading component suppliers, new technologies and financing Company presentation – January 13 – page 15 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com Sulkov, Czech R, 10MW Guiglia, Italy, 6,2 MW DHL roofs, Italy, 7,2 MW THANK YOU Company presentation – January 13 – page 16 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com References Company presentation – January 13 – page 17 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com 2012 Kalkbult (SA) 75.00 MWp Hawaii (US) 5.00 MWp Horb (Ger) 3.20 MWp Freilassing (Ger) 1.42 MWp Walkenstetten (Ger) 1.12 MWp 2011 Beltrane (US) 50.00 MWp Guiglia (Ita) 6.20 MWp Puglia II (Ita) 4.00 MWp Lösau (Ger) 3.00 MWp Utscheid (Ger) 2.50 MWp 2010 Sulkov (Cze) 10.00 MWp Puglia (Ita) 6.00 MWp Ergoldsbach (Ger) 5.10 MWp Svitavy (Cze) 4.00 MWp San Marzano (Ita) 3.50 MWp Hrusovany II (Cze) 1.15 MWp Mramotize (Cze) 2.50 MWp 2009 Krumbach I & II (Ger) 5.20 MWp Hrusovany I (Cz) 2.00 MWp Pfeffenhausen II (Ger) 1.00 MWp Is Arenas (Ita) 1.00 MWp 2008 Pfeffenhausen I (Ger) 4.64 MWp Koppenzell (Ger) 1.84 MWp 2007 In der Kultur (Ger) 3.32 MWp Polditz (Ger) 3.15 MWp Pfenninghof (Ger) 1.70 MWp Weichering (Ger) 1.68 MWp Granswang (Ger) 1.61 MWp 2001 – 2006 Mühlhausen (Ger) 6.30 MWp Hemau (Ger) 3.96 MWp Günching (Ger) 1.95 MWp Minihof (GER) 1.89 MWp Ballstadt (Ger) 1.90 MWp Sinning (Ger) 1.85 MWp Sonnen (Ger) 1.75 MWp Oberötzdorf (Ger) 1.68 MWp Markstetten (Ger) 1.58 MWp Salching (Ger) 1.30 MWp Bad Grönenbach (Ger) 1.20 MWp Röckersbühl (Ger) 1.15 MWp Track record ground mounted PV systems (PV solar parks + PV roof tops developed and / or built or under construction) Company presentation – January 13 – page 18 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com 2011 Quincieux (Fra) 8.71 MWp Flex Fond (Ger) 0.50 MWp Kassel (Ger) 1.60 MWp Additional smaller roofs approx. 0.15 MWp 2010 Milano (Ita) 7.14 MWp Hegerma (Ger) 0.56 MWp Flex Fond (Ger) 0.22 MWp Hangar 24 (Ger) 0.17 MWp Additional approx. 25 smaller roofs 1.19 MWp 2009 Sonoma County (USA) 0.54 MWp Velden (Ger) 0.27 MWp Additional approx. smaller 20 roofs 0.44 MWp 2008 Approx. 50 smaller roofs 0.91 MWp 2007 Approx. 50 smaller roofs 1.59 MWp 2005 – 2006 Approx. 50 smaller roofs 1.46 MWp 1998 – 2000 Wind- & Hydropower 7.60 MWp Track record Roof top / Carport PV systems / System & Components (PV solar parks + PV roof tops developed and / or built or under construction) Company presentation – January 13 – page 19 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com Contact Company presentation – January 13 – page 20 copyright: Scatec Solar Solutions GmbH www.scatecsolar.com • info@scatecsolar.com ITALY Scatec Solar s.r.l Via Labicana 80 00184 Roma Italy FRANCE Scatec Solar SAS 8 Rue de Berri F-75008 Paris Your contact NORWAY Scatec Solar AS (HQ) Somerogaten 13 – 15 NO- 0255 Oslo Phone: +47 95 92 62 77 GERMANY Scatec Solar Solutions GmbH Blumenstraße 18 D-93055 Regensburg Phone: +49 (0)941 - 70 81 00 22 USA Scatec Solar North America 2320 Marinship Way, Suite 300 Sausalito, CA 94965 USA Phone: +1 40 84 55 03 58 CZECH REPUBLIC Scatec Solar s.r.o. Na Zátorce 590/12 CZ-160 00 Prague 6 Phone: + 42 06 06 63 49 99 INDIA Scatec Solar India Private Limited I and II Floor, Tower B Inox Tower Plot No. 17, Sector 16A Film City IN-201301 Noida Phone: +91 120 - 479 70 00 SOUTH AFRICA Scatec Solar South Africa Johannesburg (Financial Office): 3rd Floor, Office 313 The Forum Building 2 Maude Street 2196 Sandton South Africa Phone: +27 11 784 27 77 Cape Town (Operations Office): Unit 109B , The Foundry 75 Prestwich Street Green Point, Cape Town 8005 South Africa Phone: +27 87 700 32 80