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    GLO   GB00BF448H58

CONTOURGLOBAL PLC

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ContourGlobal : Investor Presentation NDR 27-28 January 2022

01/27/2022 | 10:01am EDT

ContourGlobal Investor Presentation

Non-deal Roadshow January 27-28, 2022

Disclaimer

The information contained in these materials has been provided by ContourGlobal plc ("ContourGlobal" or the "Company") and has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. It is not the Company's intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company's financial position or prospects. The information and opinions contained in these materials are provided as at the date of this presentation and are subject to change without notice. Neither the Company nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss whatsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.

Certain statements in this presentation are "forward-looking statements." All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations, are forward-looking statements. These statements involve a number of factors that could cause actual results to differ materially, including, but not limited to, changes in economic, business, social, political and market conditions, success of business and operating initiatives, and changes in the legal and regulatory environment and other government actions. Forward-looking statements contained in this presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Any forward-looking statement made during this presentation or in these materials speaks only as of the date on which it is made. The Company assumes no obligation to update or revise any forward-looking statements.

Information contained herein relating to markets, market size, market share, market position, growth rates, penetration rates and other industry data pertaining to the Company's business is based on the Company's estimates and is provided solely for illustrative purposes. In many cases, there is no readily available external information to validate market-related analyses and estimates, thus requiring the Company to rely on internal surveys and studies. The Company has also compiled, extracted and reproduced market or other industry data from external sources, including third parties or industry or general publications, for the purposes of its internal surveys and studies. Any such information may be subject to significant uncertainty due to differing definitions of the relevant markets and market segments described.

This presentation contains references to certain non-IFRS financial measures and operating measures. These supplemental measures should not be viewed in isolation or as alternatives to measures of the Company's financial condition, results of operations or cash flows as presented in accordance with IFRS in its consolidated financial statements. The non-IFRS financial and operating measures used by the Company may differ from, and not be comparable to, similarly titled measures used by other companies. The non-IFRS adjustments for all periods presented are based upon information and assumptions available as of the date of this presentation.

2

Introduction to ContourGlobal

KivuWatt - Methane Gas Extraction Facility & Power Plant (Rwanda)

3

Business Highlights

High-growthlong-term global contracted power generation company

$801m EBITDA LTM 9M 2021 PF(1)

Focused Business Model: grow and operate long-termcontracted power generation assets

Long-term contracts and regulated tariffs delivering stable and secure cash flows, supporting growing dividend

High cash flow conversion: track record of stable and growing distributions from diversified pool of operating assets

15-year track record of value accretive growth

Efficient capital structure: non-recourse amortizing debt financing at asset level allows for organic deleveraging

Longstanding commitment to ESG and sustainability principles: signatory of the United Nations Global Compact Pact (UNGC) Principles since 2010

Majority of asset PPAs linked to inflation: +80% of assets (based on

EBITDA(1)) are inflation-indexed

  1. LTM at Q3'21, pro-forma for full year EBITDA Western Generation Portfolio.
  2. For contracted / regulated revenues
  3. Compounded Annual Growth Rate in Installed Capacity from 2006 to LTM Q3'21 adjusted for Western Generation acquisition.`

6.3 GW Contracted Generation

20

Countries

6.3 GW Installed

Capacity

138

Power Generation

Assets

~10 years

Weighted Average Contract Remaining Term(2)

7.5x

DSCR as of FY'21

+25%

CAGR since 2006(3)

4

Sale of the Brazil Hydro Business

Unlocking Intrinsic Value of Undervalued Assets

  • Sale of the Brazil hydro business at a valuation of BRL 1.73bn, $313m1 including the assumption of net debt and other customary adjustments - implied valuation of 9.7x 2021 EV/EBITDA2
  • Transaction is credit accretive: 2021 Group CFADS

approximately $367 million of which:

    • The contribution to CFADS from the Brazil hydro assets was approximately 8% of the total
    • Debt Service Coverage Ratio under the ContourGlobal indenture based upon 2021 CFADS is 7.5x
  • Net proceeds of approximately $110m provide additional capacity to re-invest in new growth opportunities or return capital to shareholders
  • Non EUR or USD adjusted EBITDA currency exposure for the Group will decrease from 14% to 10%
  • Expected to complete in Q2 2022

Brazil hydro 2021

  • CFADS approximately $28 million
  • Wind assets under exclusivity with buyer and expected to be sold in H1 2022

1 Exchange rate 1 BRL = 0.181159 $

2 Based on LTM 30 September 2021

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

ContourGlobal plc published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 14:59:58 UTC.


© Publicnow 2022
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Financials (USD)
Sales 2022 1 763 M - -
Net income 2022 112 M - -
Net Debt 2022 3 352 M - -
P/E ratio 2022 15,5x
Yield 2022 6,12%
Capitalization 2 094 M 2 094 M -
EV / Sales 2022 3,09x
EV / Sales 2023 3,06x
Nbr of Employees 1 518
Free-Float 25,0%
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Technical analysis trends CONTOURGLOBAL PLC
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 3,19 $
Average target price 2,91 $
Spread / Average Target -8,83%
EPS Revisions
Managers and Directors
Joseph Courtney Brandt President, Chief Executive Officer & Director
Stefan Schellinger Group Chief Financial Officer, EVP & Director
Craig Allen Huff Chairman
Karl Schnadt Chief Operating Officer & Executive Vice President
Alan Raymond Gillespie Senior Independent Non-Executive Director
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