Disclaimer This presentation contains forward-looking statements regarding the prospects and growth strategies of Neoen and its subsidiaries (the “Group”). These statements include statements relating to the Group’s intentions, strategies, growth prospects, and trends in its results of operations, financial situation and liquidity. Although such statements are based on data, assumptions and estimates that the Group considers reasonable, they are subject to numerous risks and uncertainties and actual results could differ from those anticipated in such statements due to a variety of factors, including those discussed in the Group’s filings with the French Autorité des Marchés Financiers (AMF) which are available on the website of Neoen (www.neoen.com). Prospective information contained in this presentation is given only as of the date hereof. Other than as required by law, the Group expressly disclaims any obligation to update its forwardlooking statements in light of new information or future developments. 2 1. Neoen in a few words 2. Our activities 3. Where we operate 4. A responsible company 5. Some key projects 3 About us Founded in 2008, Neoen is the leading French independent producer of renewable energy and a major player on the world stage. Our mission: we design and implement the means to produce the most competitive renewable electricity, sustainably and on a large scale. Our total capacity in operation or under construction is currently close to 6.6 GW and we are aiming for more than 10 GW by end 2025, with the ambition to reach 20 GW by 2030. 4 About us 503.2 M€ 6.6 GW 17 countries ≥ 10 GW Full-year revenue in 2022 In operation or under construction International player Target for 2025 Neoen’s energy sales were up by 51% in 2022 compared to 2021 Total capacity in operation or under construction at end of December 2022. N°1 French independent power producer of renewable energy. We are aiming for 10 GW in operation or under construction by end 2025. Leading producer in Australia. One of the world’s leading producers of exclusively renewable energy. 5 Our values Audacity Integrity Commitment Esprit de corps We believe we can become a world leader in renewable energy. We have the audacity to operate globally, imagining, designing and implementing competitive, effective energy solutions. We operate with integrity, whatever we do, whenever and wherever we do it. We work with partners who abide by the same rules. Our ethical approach is an asset in our worldwide operations. We uphold all our commitments, internal and external. We believe in hard work and take pride in a job well done. We are loyal to each other and form a close-knit team. We are proud of our company, our goals and our accomplishments. 6 Our story so far 2016 Neoen tops the 1 GW in operation or under construction worldwide 2009 France First solar farm 2018 Australia Hornsdale wind farm, 316 MW Finland Power purchase agreement signed with Google El Salvador Providencia solar farm, 101 MWp, one of the most powerful in Central America Successful IPO on the Paris Stock Exchange 2020 2022 Finland Yllikkälä Power Reserve, 30 MW / 30 MWh, Scandinavia’s largest lithium-ion storage facility Storage: 1 GW In operation or under construction with the launch construction on Western Downs Battery, (200 MW / 400 MWh) and Blyth Battery (200 MW / 400 MWh) in Australia, and Storen Power Reserve (40 MW / 40 MWh) in Sweden Australia Construction of the Western Downs solar farm, 460 MWp, the largest in the country Mexico El Llano solar farm, 375 MWp Record price at $19 / MWh Canada A new country of operation for Neoen, with the start of construction of Fox Coulee solar farm, 93 MWp 0.9 GW of PPAs signed in Australia, France, Finland and Sweden Australia First baseload PPA signed with BHP, thanks to 412 MW Goyder (under construction), Blyth Battery and our energy management expertise El Salvador Capella solar farm, 140 MWp 2021 2008 2010-13 Creation of Neoen Expansion to Portugal, Australia and Mexico 2015 France Cestas, 300 MWp, Europe’s most powerful solar farm 2017 Australia Hornsdale Power Reserve, 100 MW / 129 MWh, the world’s first big battery 2019 Australia Extension of the Hornsdale Power Reserve, 150 MW / 193 MWh France Azur Stockage, 6 MW / 6 MWh, the first stationary battery in mainland France 1 GW in France and 2 GW in Australia of assets in operation or under construction Australia Construction of the Victorian Big Battery, 300 MW / 450 MWh, one of the largest batteries in the world Finland Construction of the Mutkalampi wind farm, 404 MW, the largest in Finland Argentina Altiplano solar farm, 208 MWp International operations EUROPE-AFRICA Finland Sweden AMERICAS Ireland Canada Germany Mexico Croatia El Salvador Jamaica Ecuador Argentina Italy France Portugal AUSTRALIA Australia Zambia Mozambique Countries with assets in operation or under construction Additional countries with projects in advanced development 8 Key figures Technology breakdown(1) Geographic breakdown 15% 16% 6.6 GW (1) Revenue type breakdown(2) 22% 6.6 GW (1) 50% 45% 6.6 GW (1) 34% 40% Solar Wind Storage Australia 3,284 MWp 2,208 MW 1,082 MW Solar Wind Storage (1) Capacity in operation or under construction as of December 31, 2022 (2) Weighted average by MW for assets in operation or projects under construction as of December 31, 2022 78% Europe-Africa Under PPA Americas Merchant 4 continents 361 503.2 M€ 6.2 B€ 414 M€ 17 countries Employees Revenue 2022 Balance 2022 EBITDA 2022 9 Neoen S.A. has been listed since October 2018 (1) Ownership structure 4.39 % Bpifrance 6.92 % FSP 42.16% Impala(2) 45?10 % Free float 1.30 % Cartusia(2) Mr. Xavier Barbaro (1) Compartment A of the Euronext Paris market. Neoen joined the SBF120 Paris Index in June 2020. (2) Impala and Cartusia are acting in concert. Cartusia is a long-term investment vehicle controlled by Mr. Xavier Barbaro and his family. As of March 27, 2023. 10 Our activities What we do Solar power Wind power Storage The sun is the most widely available source of energy on earth and the quickest to deploy. Solar power was Neoen’s first sector and remains our main business line. Onshore wind farms are a mature source of renewable energy at competitive rates. We are developing wind farms in Australia, El Salvador, Finland, France, Ireland, Portugal, and Sweden. Energy storage is the answer to the volatile nature of renewable energy sources. At 300 MW/450 MWh the Victorian Big Battery is one of the world’s largest lithium-ion batteries. We now have storage units in Australia, France, Finland, Sweden and El Salvador. 12 A long-term “develop to own” strategy Development and design Financing Construction Operations First, we assess the technical, economic, societal and environmental feasibility of our projects. We finance our projects through a combination of equity contributions and long-term debt, mainly through nonrecourse financing, and the creation of a separate company for each project developed. As project owner, we are closely involved in supervising the construction of our power plants. We ensure that each plant is a high quality and sustainable asset, with a life span of several decades. Our equity increases regularly, thereby providing us with a solid and sustainable financial base and a growing investment capacity We deal with tier-1 contractors and other suppliers and seek to involve local suppliers in the construction work. As an energy producer, we are particularly attentive to the functioning of our power plants worldwide. They are monitored in real time by our team of specialists and their maintenance is performed by our subcontractors under O&M contracts. Then we define the project, based on the characteristics of the site and the resources available. This process includes engaging in constructive dialogue with stakeholders, local residents and communities, elected representatives and government agencies.. Through our Energy Management expertise, we supply customised, integrated renewable energy solutions which leverage our asset portfolio and in depth market knowledge. We own nearly 92%(1) of our plants, and operate them in the long term to create long lasting value (1) Assets in operation or under construction (including co-investment) per MW, at end of 2022 13 A track record of landmark large-scale projects (1) Cestas Hornsdale Wind Farm Providencia Solar Largest solar park in France Neoen’s first large wind farm First large-scale PV plant connected to the grid 300 MWp 250 983,500 hectares Solar panels • Highly innovative operations, structuring and engineering with high MW / ha ratio • Value-creating refinancing in 2017 • Land ownership / long-term value • Operations supervised by Neoen 317 MW 99 150 MW / 193.5 MWh Wind turbines • Built in 3 phases and commissioned in 2016 • Awarded a 20-year contract with Australian Capital Territory, in a competitive process • Local indigenous Australian art featured on two of the wind towers in a world-first 101 MWp 300,000 5.5 MW / 3.6 MWh Solar panels • Most powerful solar farm in Central America, commissioned in 2017 • $500,000 invested in local development each year since 2017 • Collocated with Providencia Power Reserve 5,5 MW / 3,6 MWh • Collocated with Hornsdale Power Reserve150 MW / 193,5 MWh (1) Total project investment represents total project costs excluding costs related to project financing 14 A track record of landmark large-scale projects (2) El Llano Victorian Big Battery Mutkalampi Most competitive solar project in Mexico One of the word’s largest batteries Largest wind farm in Finland 375 MWp 830 1,100,000 280 M€ hectares Solar panels Invested(1) 300 MW / 450 MWh 210 Tesla Megapacks • Largest project from the third Mexican renewable energy tender at a record-low price • Under a 250 MW System Integrity Protection Scheme (SIPS) contract with the Australian Energy Market Operator • Competition from world-class power companies such as Acciona, Actis, Canadian Solar, EDF, Enel, Engie, Fotowatio, Iberdrola, Jinko Solar and X-Elio • Provision of an automatic instant response in the event of an unexpected network outage and fast frequency control (1) Total project investment represents total project costs excluding costs related to project financing 404 MW 69 wind turbines 2% of Finland’s annual production • Highly competitive large-scale renewable energy, which delivers value for multiple customers (Google, Heineken, Nobian, Philips and Signify). • Gradual energization from 2022 to 2023 • Construction in less than one year 15 Proven ability to capture diverse revenue channels Examples of long-term contracts Government and public entities Arue - 40.4 MWp Utilities Western Downs - 460 MWp Private companies Hedet - 81 MW Spot market National energy markets 16 We have surpassed 1 GW of storage EUROPE AUSTRALIA Yllikkälä Power Reserve (2020) Azur (2019), Pod tredan (2022), Antugnac (2022) 30 MW / 30 MWh 22 MW / 22 MWh Hornsdale Power Reserve (2017) Hornsdale Power Reserve Extension (2020) 100 MW / 129 MWh Storen Power Reserve (2024(1)) Western Downs Storage (2024(1)) Capital Battery (2023(1)) 40 MW / 40 MWh 50 MW / 64.5 MWh 100 MW / 200 MWh AMERICAS DeGrussa (2016) 200 MW / 400 MWh Victorian Big Battery (2021) 300 MW / 450 MWh Blyth Battery (2025(1)) 200 MW / 400 MWh Bulgana (2020) Albireo (2020), Antares (2022) 6 MW / 1.4 MWh 20 MW / 34 MWh 14 MW / 10 MWh Behind the meter Notes: Assets in operation or under construction, Year of operations start date (1) Expected commissioning date Stand alone 17 Where we operate Reinforcing our position as a local leader in Australia Kaban Solar Wind In operation: 458 MWp Under construction: 460 MWp In operation: 521 MW Under construction: 569 MW Under construction Western Downs DeGrussa 6 Offices Storage In operation: 476 MW / 679 MWh Under construction: 500 MW / 1,000 MWh(2) Adelaide • Brisbane Canberra • Melbourne Perth • Sydney Under construction Hornsdale HPRX Dubbo Blyth Battery Under construction Griffith Goyder South Stage 1 Under construction Coleambally Bulgana Parkes Capital Battery Numurkah Under construction Victorian Big Battery Total Capacity(1) Total capacity in operation: 1,455 MW Total capacity under construction: 1,529 MW (1) As of December 31, 2022 19 Neoen, a local leader in France Solar Wind In operation: 627 MWp Under construction: 320 MWp In operation: 418 MW Under construction: 64 MW Storage 7 Offices In operation: 14 MW / 14 MWh Under construction: 8 MW / 8 MWh Aix-en-Provence • Bordeaux Lyon • Nancy • Nantes Paris • Toulouse Total Capacity(1) Total capacity in operation: 1,060 MW Total capacity under construction: 392 MW Power plants in operation, under construction or in pre-construction (1) As of December 31, 2022 20 Neoen in Finland Wind Lumivaara Awarded In operation: 485 MW Under construction: 40 MW Mutkalampi Storbötet Awarded Storage Office In operation: 30 MW / 30 MWh Helsinki Hedet Bjorkliden Under construction Yllikkälä Total Capacity(1) Total capacity in operation: 515 MW Total capacity under construction: 40 MW (1) As of December 31, 2022 21 Neoen in Europe Solar Wind In operation: 652 MWp Under construction: 650 MWp In operation: 957 MW Under construction: 162 MW 13 offices Storage In operation: 44 MW / 44 MWh Under construction : 48 MW / 48 MWh Aix-en-Provence • Bordeaux • Brescia Dublin • Helsinki • Lisbon • Lyon • Nancy Nantes • Paris • Stockholm • Toulouse Zagreb Total Capacity(1) Total capacity in operation: 1,652 MW Total capacity under construction: 860 MW (1) As of December 31, 2022 Countries with assets in operation or under construction Countries with projects in advanced development 22 Neoen in Africa Solar In operation: 54 MWp Under construction: 41 MWp 2 offices Metoro 41 MWp Lusaka • Maputo Under construction Bangweulu 54.3 MWp In operation Total Capacity(1) Total capacity in operation: 54 MWp Total capacity under construction: 41 MWp (1) As of December 31, 2022 23 Neoen in the Americas Solar Storage In operation: 876 MWp Under construction: 93 MWp In operation: 14 MW / 10 MWh EI LIano Paradise Park Providencia Albireo Power Reserve 7 offices Buenos Aires • Calgary Kingston • Mexico City • Quito San Salvador • Seattle Altiplano (1) As of December 31, 2022 Total Capacity(1) Countries with assets in operation or under construction Total capacity in operation: 890 MW Total capacity under construction: 93 MW Additional countries with awarded projects 24 Significant recent achievements Corporate PPAs Governmental tenders Big Batteries Signing of multiple PPAs In France Under construction 10 865 MW 272.5 MW 400 MW - 800 MWh Corporate PPAs signed Total capacity Total capacity awarded in 2022 Total capacity Australia 575 MW Sweden 126 MW Finland 102 MW • 180 MW in solar and wind projects awarded in the latest technology-neutral call for tenders held by the French government • #1 in both the solar and wind categories • Over the last 2 years, Neoen has ranked #2 in the French call for tenders Western Downs Battery 200 MW / 400 MWh H2 2024 Blyth Battery 200 MW / 400 MWh 2025 France 62 MW 25 A responsible company Sustainability is in our DNA 200 M€ syndicated loan linked to ESG criteria – 2020 170 M€ first ever European Green Convertible Bond – 2020 Community fund Agrisolar Art & sponsorship Gender index 100/100 ...as recognized by Vigeo Eiris 65/100 Green finance ESG score (1) TOP 2% (1) Neoen achieved Advanced level and ranked 11th among the 90 best companies rated by Moody’s among the 4901 companies assessed - Moddy’s ESG solutions – April 2022 27 Our framework is anchored by 3 foundational pillars Our people Our projects Our communities Working together to speed up the transition Driving excellence in sustainability Participating in the transition with us 28 Our people: working together to speed up the transition Working Ethically Encouraging Diversity Reducing Emissions Respect and protect our core value of integrity at all levels of the company Respect for the principles of fairness, inclusion and non-discrimination, encouraging gender balance Respect for the planet and the environment, monitoring and mitigating our carbon footprint ACTIONS ACTIONS ACTIONS • 100% of our employees formally commit to Neoen’s Code of Conduct • Exceed industry benchmark of 32% women working at Neoen, in each of our regions • Calculate our global carbon footprint (including scope 1, 2, 3) • 100% of our employees formally commit to Neoen's Anti Corruption code and are trained in the fight against corruption • Increase annually the percentage of management positions held by women • Support roll-out of at least one additional “Greener Neoen1” initiative each year: in 2021, 100% offset of the company’s travel emissions (1) “Greener Neoen” is a spontaneous internal think tank which objective is to drive Neoen to go “above and beyond” on the aspects of our business that relate to emissions reductions and the environment 29 Our projects: driving excellence in sustainability Prioritising Safety Protecting Biodiversity Integrating Recycling Maintaining a robust health and safety culture for our employees, contractors and subcontractors Monitoring, limiting and mitigating our environmental and biodiversity impact across the project lifecycle Planning for future decommissioning of plants and recycling of all materials ACTIONS ACTIONS ACTIONS • Collate & report frequency and severity of accident and incident rates of our contractors • Conduct environmental impact assessment by expert ecologists on 100% of sites during development • Conduct HSE compliance audit on 100% of construction sites, monthly on sites > 20 MW in size, every 2 months on smaller sites • Offset any unavoidable environmental impact in accordance with local requirements, with each project selecting one 'above and beyond' biodiversity initiative • Identify recycling channels for all our activities • Integrate a recycling commitment clause into all new supply agreements, in countries with a mature recycling industry 30 Our communities: participating in the transition with us Consulting & Engaging Economic Development Benefit-Sharing Developing genuine, open and ongoing relationships with local communities and stakeholders Delivering local and regional economic development through employment, supply chain outcomes and skills development Tailoring community benefit-sharing initiatives with and for the local community ACTIONS ACTIONS ACTIONS • Conduct community consultation and information-sharing on all projects during development, even if not mandated • Engage with local business and employment networks, prioritising local suppliers and jobseekers where possible • Develop a benefit-sharing initiative for each new project over 50 MW • • Develop a Community Engagement Plan1 for 100% of our new projects over 50 MW in scale Local Participation Plan2 developed for projects over 100 MW in scale (1) Community Engagement Plan is a comprehensive internal tool which guides and maps our consultation and engagement across a project’s lifecycle from early stages of assessing feasibility through until decommissioning | (2) Local Participation Plan is a sister document to the Community Engagement Plan which identifies and maps potential local and regional economic outcomes such as job creation, supply chain opportunities, apprenticeships and training. • Create an artwork that celebrates the encounter between renewable energy and local culture for each new project over 50 MW in size 31 Some examples of our initiatives El Salvador Zambia Australia • Social investment fund for local development • Community development project to improve food security for 500 rural households • Promoted the creation of the Renewable Energy Skills Centre of Excellence of the Canberra Institute of Technology • 3% of Providencia’s annual contracted revenues are donated to social development projects • Funds have been used to develop infrastructure for the community • Plan launched in 2019 with first trainees and demonstration plot established along the roads • Supporting community / local social institutions • Combining sheep grazing with solar on all five of our solar farms as part of our vegetation management 32 Some examples of our artworks (1) Honsdale, 2015 Capella, 2019 317 MW wind farm 140 MWp solar farm Providencia, 2017 101 MWp solar farm 33 Some examples of our artworks (2) Hedet, 2020 Antugnac, 2022 81 MW wind farm 8 MW / 8 MWh storage Kaban, 2022 Yllikälä, 2020 157 MW wind farm 30 MW / 30 MWh storage 34 ARGENTINA AUSTRALIA CANADA CROATIA ECUADOR EL SALVADOR FINLAND FRANCE GERMANY IRELAND ITALY JAMAICA MEXICO MOZAMBIQUE PORTUGAL SWEDEN ZAMBIA
