ContourGlobal : H1 2022 Results Presentation

HY 2022 Results Presentation

August 10, 2022

Disclaimer

The information contained in these materials has been provided by ContourGlobal plc ("ContourGlobal" or the "Company") solely for use at the presentation of the Company's results in respect of the period ended 30 June 2022 and has not been independently verified. For the purposes of this disclaimer, "Presentation" shall mean this document, the oral presentation of the slides by the Company and the related question-and-answer session and any materials distributed at, or in connection with, that presentation.

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Agenda

Key Highlights for HY 2022

Operations

Financial Results

Hagn Wind Park 47MW (Austria)

Arrubal 800MW natural gas (Spain)

Orellana CSP 50MW solar farm (Spain)

Hobbs 604MW natural gas (New Mexico, US)

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HY 2022 - Record Adjusted EBITDA Alongside Strategic Progress

Adjusted EBITDACFADS Dividend EAF% Balance Sheet

$444m	$463m	$4.9115	93.7% Net debt/Adj. EBITDA 4.0x
+9% YoY reported	+26% (2021)	cents per share	94.4% FY 2021	DSCR 10.5x
+10% increase YoY
+14% YoY constant FX rate

Strategic progress in H1 2022

• Strong Health & Safety performance with a zero Lost Time Incident Rate in H1 2022.
• Continued strong financial and operational performance with Adjusted EBITDA of $444m, up 9% from $406m in H1 2021.
• Successful completion of the sale of our Brazilian Hydro business resulting in net cash proceeds of $112m. Sale of Brazil Wind business at advanced stage.
• Good momentum for ContourGlobal across key power markets.
• The recommended cash acquisition by Cretaceous Bidco Limited (a newly formed company indirectly owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates) ("KKR") announced on May 17, 2022 was approved by the required majority of shareholders at the Court and General Meeting of shareholders held on 6 July 2022. The transaction is expected to complete in Q4 2022, following receipt of regulatory approvals.

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ContourGlobal's Strategy Provides Stable Supply into Dynamic European Power Markets

Gas-fired plant of Arrubal - System Stability

• Operating in the ancillary services market which is critical for system stability
• $30m EBITDA in H1 with continued good momentum
• Continue to run merchant in 2022 and aiming to recontract the asset at the right time

Austria Wind - Stepping temporarily out of FiT1 Scheme

• €9 million incremental EBITDA secured for 2022 and €23 million secured for 2023 compared to FiT scheme
• Repowering progressing as planned. Commercial operations date for the repowering of our Austrian wind farm Berg was achieved three months ahead of schedule and within budget

Maritsa - Critical asset for keeping electricity prices low for Bulgaria

• High levels of dispatch in H1 2022
• PPA prices continue to be well below current and forward market prices
• Actively engaged in assessing transition investments in the region

Supply chain challenges manageable and inflation protection kicking in

1 Feed in tariff, i.e., guaranteed price

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