Arise AB (publ)

Now I will hand the conference over to the speakers. CEO Per-Erik Eriksson and CFO Marcus Larsson, please go ahead.

Thank you very much. I will start with a brief introduction of Arise, starting with our three business segments. We have to the left the development business. We have currently some 9,500 megawatts in our pipeline, closing the gap to 10,000 megawatts, which is our financial targets to reach this year. We have since inception divested some 1,620 megawatts. So that's the development business, our production business, IPP business. We have at the moment 172 megawatts in home production corresponding to an annual production budgeted near production of some 430 gigawatt hours per year. And the third leg is our solutions business or services business. We have currently some 2,350 megawatts under management. and currently 105 megawatts under construction for second project. We think we have a quite robust and complimentary business model. With that said, we can flip to the next slide. This shows our current focus areas biography and also shows how Arise developed during the last five years. If you start to the left in 2021, we mainly had operations in Sweden and only focusing on wind. And now we have operations in six different geographies covering wind, solar and BESS. If you start with Sweden, which still is the center of gravity for a rise, we cover all technologies, wind, solar, PV. We have, as mentioned, our own production assets. We are an equity developer. We do asset management and construction management. UK, we started up operations in UK in 2022. We cover all technologies, mainly focusing on development. So we do wind, solar, and best. Finland, the same scope, acquired Pojanvoima in 2023. We cover all technologies focusing on development and we also have quite material asset management operations in Finland as well. Norway and Ukraine, we are focusing on development, greenfield development, only wind, quite low DEV expand in Ukraine and Norway, I can mention. And the last, the latest geography in Arise is Germany, focusing on pests and acting as a developer in Germany. And Germany, I will mention more in the next slide. We are continuing our diversification journey. This will show two good examples that demonstrates that we are a fast-moving organization rapidly capitalizing on our know-how. The first example is the market entry into Germany. actually we started up last year to do a market analyze second half of 24 concluding that that we see your business opportunities in best in germany and now we have three employees by end of third quarter we have our fast growing pipeline and we did the first acquisition of product rights free projects in total 120 And on top of that, we do a greenfield development in Germany and we can see quite good growth already. We have quite ambitious targets to do the first transactions already next year. Another good example is data center development. We see quite clear synergies and a quite natural evolution of our development business to move into data centers as well. key features are a bit the same, require land, data center require land, access to land, access to grid and fiber infrastructure and of course a permit in the end of the day and all this is within our normal scope. First project is already in early stage stage in Finland. We have secured land. We have a good understanding of grid capacity and also fiber infrastructure that it's available. We have an estimated capacity of some 400 megawatts, which is large-scale, and I learned it's defined as a hyperscale data center. If we manage to do this or to take this to transaction, we believe that we could see a quite significant profit potential in this. With that, I hand over to Marcus.

Thank you, Per-Erik. We released the Q3 numbers this morning and net sales for the quarter decreased to 88 million SEK. This is a decrease that in all aspects derives from a lower revenue recognition within the development segment, which trickles down to EBITDA and EBIT, which came in at 22 and minus 1 million SEK, respectively. This was also affected by the extraordinary cost in July of approximately minus 15 million SEK, which is related to the acceleration of the Kjell Wallen project. This results in a profit after tax of minus 9 million SEK or minus 0.18 SEK per share. On the other hand, very strong operating cash flow during the quarter of 322 million SEK. Majority obviously driven by the earn out in Kölvallen and cash flow after investments amounted to 251 million SEK. Our own production generated 64 gigawatt hours with an average income of 434 SEK per megawatt hour. If we look into our segments, development posted 25 million SEK in EBITDA, mostly driven by the Kjell Wallen earn-out, which I mentioned just on the previous slide. Earn-out contributed to EBITDA by 3 million euros. At the same time, there has been no revenue recognition in project Fasikan due to some uncertainties in the project costs for Fasikan. Also, we don't expect to make any further revenue recognition in Q4 either. Late-stage portfolio increased by approximately 500 MW, mostly driven by the projects just mentioned in Germany and Finland. Production posted 18 million SEK EBITDA, saw a slight decrease in both production and the realized prices. In addition, the grid that we now own between Fasikan and the connection point to the regional grid was commissioned in Q3, and this had a positive EBITDA impact of approximately 3 million SEK in this quarter. Solutions back on track to 3 million SEK in EBITDA due to the full quarter effect from the Sjölvallen OMA, which came into force in June. So this is the first quarter where we had the full effect. And in addition, we announced the assignment with EIP and Fortum of 350 megawatts, which will be in force as of this month in November and contribute going forward. The portfolio, as I mentioned, increased by 500 megawatts, largely due to the German-based and the Finnish data center. I think overall we're seeing very strong progress in advancing all the late-stage projects. In the UK, for instance, we submitted several late-stage projects into Gate 2 of the grid reform process, which is very, very positive. And overall, I would say that we are well on track and pretty confident that with this portfolio we'll meet the 10 gigawatt financial target that we have by year end. That I'll hand back over to you, Per-Erik.