Business description: Scatec ASA

Scatec ASA is a Norway-based renewable energy solutions provider. The Company develops, builds, owes and operates solar, wind and hydro power plants and storage solutions across four continents. Scatec reports on four operating business segments: Power Production (PP), Services, Development & Construction (D&C) and Corporate. The Power Production segment manages the Group’s power producing assets and derives its revenue from the production and sale of solar, winds and hydro generated electricity based on long-term Power Purchase Agreements or Feed-inTariffs. The Services segment comprises Operations & Maintenance (O&M) and Asset Management services provided to solar and hydro power plants where Scatec has economic interest. The Development & Construction segment derives its revenue from the sale of development rights and construction services to project entities. Corporate consists of the activities of corporate and management services.

Number of employees: 646

Sales by Activity: Scatec ASA

Fiscal Period: December 2020 (NOK) 2021 (NOK) 2022 (NOK) 2023 (NOK) 2024 (NOK)

Power Production

1.71B 4.18B 4.52B 4.11B 4.71B

Development & Construction

873M 137M 1.07B 8.18B 2.29B

Unallocated Residual Ownerships Interests

1.26B 1.2B 1.31B 3.16B 1.98B

Eliminations

-1.33B - - - -

Elimination of Equity Consolidated Entities

- -2.33B -2.8B -2.11B -2.01B

Other Eliminations

- -439M -1.46B -9.04B -2.66B

Corporate

33M 42M 56M 50M 59M

Services

232M 261M 312M 373M -

Geographical breakdown of sales: Scatec ASA

Fiscal Period: December 2020 (NOK) 2021 (NOK) 2022 (NOK) 2023 (NOK) 2024 (NOK)

South Africa

1.04B 1.14B 1.11B 1.07B 1.83B

Egypt

629M 596M 644M 657M 653M

Ukraine

150M 303M 175M 440M 539M

Honduras

214M 197M 200M 232M 398M

Malaysia

335M 348M 346M 364M 374M

Jordan

156M 143M 158M 171M 181M

Czech Republic

128M 122M 128M 150M 129M

Other

6M 21M 16M 26M 109M

Vietnam

- 70M 83M 95M 81M

Pakistan

- - - - 74M

Cameroon

- - - 58M -

Mozambique

88M 83M 93M 97M -

Netherlands

4M - 29M 10M -

Rwanda

22M 20M 23M 26M -

Executive Committee: Scatec ASA

Manager TitleAgeSince
Chief Executive Officer 55 01/05/2022
Director of Finance/CFO 57 01/03/2023
Chief Operating Officer 66 01/08/2024
Investor Relations Contact - -
Human Resources Officer - 01/01/2023

Composition of the Board of Directors: Scatec ASA

Director TitleAgeSince
Director/Board Member 61 01/04/2020
Chairman 63 18/04/2024
Director/Board Member 58 -
Director/Board Member 62 01/05/2022
Director/Board Member 46 18/04/2024
Director/Board Member 42 18/04/2024

Shareholders: Scatec ASA

NameEquities%Valuation
16.22 %
25,776,200 16.22 % 310 M kr
Folketrygdfondet
9.281 %
14,748,949 9.281 % 177 M kr
Handelsbanken Fonder AB
4.985 %
7,922,213 4.985 % 95 M kr
Storebrand Asset Management AS
4.523 %
7,187,459 4.523 % 86 M kr
Scatec AS
4.405 %
7,000,000 4.405 % 84 M kr

Company details: Scatec ASA

Scatec ASA

Askekroken 11

0277, Oslo

+47 48 08 55 00

http://www.scatecsolar.com
address Scatec ASA(SSO)

Group companies: Scatec ASA

NameCategory and Sector

Renewable IPPs

Change 5d. change 1-year change 3-years change Capi.($)
+0.78%+0.43%+52.37%+60.54% 1.94B
-0.51%-1.01% - - 35.57B
-0.66%-1.53%+1.23%+31.49% 24.33B
-1.64%+2.23%+12.33%+59.09% 18.48B
+1.43%+0.59%+59.55%-32.49% 16.56B
+2.96%+22.26%+286.36%+257.98% 9.66B
-1.26%-0.24%+29.37%+19.78% 7.37B
+0.14%+2.25%+52.92%+24.82% 4.76B
+0.40%+7.46%+90.03%+99.11% 4.17B
-0.20%-0.10%+13.59%-41.49% 3.76B
Average +0.19%+3.53%+66.42%+53.20% 12.66B
Weighted average by Cap. -0.11%+1.96%+55.00%+48.89%
Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
116.00NOK
Average target price
129.57NOK
Spread / Average Target
+11.70%

Quarterly revenue - Rate of surprise