This presentation contains certain forward-looking statements that reflect the Company's management's current views with respect of future events and financial and operational performance of the Company and its subsidiaries. These forward-looking statements are based on Falck Renewables S.p.A.'s current expectations and projections about future events and have been prepared in accordance with IFRS currently in force and the related interpretations as set out in the documents issued to date by IFRIC and SIC, with the exclusion of any new standard which is effective for annual reporting periods beginning after January 1st 2021. Because these forward- looking statements are subject to risks and uncertainties, actual future results or performance may differ materially from those expressed in or implied by these statements due to any number of different factors, many of which are beyond the ability of Falck Renewables S.p.A. to control or estimate precisely, including changes in the regulatory environment, future market developments, fluctuations in the price and availability of fuel and other risks. You are cautioned not to place undue reliance on the forward-looking statements contained herein, which are made only as of the date of this presentation. Falck Renewables S.p.A. does not undertake any obligation to publicly release any updates or revisions to any forward-looking statements to reflect events or circumstances after the date of this presentation. The information contained in this presentation does not purport to be comprehensive and has not been independently verified by any independent third party.
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2
Agenda
9M 2021 Highlights
9M 2021 Results
Appendix
Toni Volpe
Chief Executive Officer
Business Highlights 9M 2021
Asset development
Pipeline: reached ~7.2 GW (> 2x than December 2020)
ReachedCOD at Westmoreland solar (29.6 MW in the US), installed capacity @1,349 MW +13% YoY
CAPEX: € 147.5M (vs € 71.3M in 9M 2020) invested in operating assets (+153 MW) and assets under construction (+80 MW in France, Italy, Norway and the US)
Floating offshore: started 2 projects in Italy with BlueFloat to develop up to 2.5 GW
Exploring opportunities forScottish communities to own a stake in offshore wind developments
Launch offirst crowdfunding campaign in Italy to involve local communities
Entry inFinland
Owned assets
Overall production of 1,963 GWh (-0.7% vs 9M 2020) partially compensated by growth in installed capacity in Sweden, Spain and the
US
Confirmed low winds in the UK and France in 9 months 2021 vs exceptionally high winds recorded in 2020 (total production index: - 13.9% compared with +1.4% in 2020*)
Energy management: 1,278 GWh dispatched in 9M in Italy and UK
(+38% vs 9M 2020); of which 759 GWh from FKR and 519 GWh from third-parties
Downstream services:increased Ebitda at €
2.7M (€ +1.9M vs 9M 2020).
Completed the acquisition of SAET SpA (revenues from BESS EPC+32% YoY)
Vector Renewables: (Ebitda € +0.5M vs 9M 2020). A 350 MW portfolio won in Spain and Portugal
Progress on the pipeline through
Ebitda Guidance improved
Confirmed growth in Services and
technological diversification,
strong recovery of Energy Team
engagement with local communities
* Including reimbursed curtailments
2021: Growing and Consolidating Organic Pipeline
MW under development
at Q3 2021, adjusted (EU+USA)
Asset development
"cash" costs in €m
9M '20
9M '21
12.0
20.1
≈13 GW
+68%
Wind offshore projects in Italy for 2,5 GW (Kailia and Odra Energia);Continued
progress on ScotWind (not included)
2025 Gross Pipeline
Target increased to 20 GW
(from initial 15 GW)
≈ 6 GW
≈ 6 GW
≈ 7,2
≈ 5,6 GW
GW
Includes 55 MW of RtB
≈ 2,5 GW
Includes 0,7 GW of
Floating
projects in Finland,
storage, both co-
Offshore
recently acquired
located and stand-alone
≈ 3,1 GW
≈7,2 GW
In France, Italy,
Onshore
4 MW: 2021
Norway and the US
Gross Pipeline
1,6
Target
80 MW
GW
Under construction Phase IV Advanced Development (Phase
Mid-Early Stage I-A+I-B
Gross pipeline
Prospects Phase 0
Gross pipeline + Prospects
II+III)
Projects (organic and M&A) identified for which a decision on whether to start development activities is yet to be taken or under evaluation
Strong 9months on development activity in USA, Italy and Spain
5
* Project Consented: Permits released by local authorities with conditions ** MW under Novis (joint venture with ENI) and offshore partnership (with BlueFloat) included at 100%, not pro rata
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