Eolus Vind (EOLU) ABGSC Investor Days summary

Strategic positioning and market outlook

• Positioned for long-term growth in renewable energy demand, leveraging a 25 GW diversified portfolio across markets, technologies, and project maturity.

• Market analysis projects a doubling of electricity demand in core markets by 2050, driven by economic growth, electrification, and decarbonization policies.

• Renewables now outperform fossil fuels on cost in most scenarios due to scaling effects and technological improvements.

• Asset-light business model enables value creation at every stage, from origination to asset management.

• 35 years of reliable project execution and profitable growth underpin industry credibility.

Portfolio and project pipeline

• Total portfolio stands at 25,523 MW, diversified by technology (onshore wind, offshore wind, solar, storage) and geography (notably Sweden, US, Poland, Finland, Spain, Norway, Estonia, Latvia).

• 1,180 MW under asset management and over 250 projects completed.

• 1.5 GW of portfolio value lined up, with several late-stage projects in Sweden, Latvia, and Finland progressing toward construction or commercial agreements.

• Recent project sales include a 100 MW/400 MWh battery storage project in San Diego, sold for $230–235.5 million, with COD expected in Q2 2025.

• Stor-Skälsjön onshore wind project in Sweden (260 MW) under asset management, with a PPA offtake by Hydro and buyer MEAG.

Financial performance and goals

• Q1 2025 net sales reached 1,975 MSEK, operating profit 164 MSEK, and earnings per share 3.60 SEK; equity/assets ratio at 61%.

• EBIT is highly sensitive to timing of project divestments and revenue recognition, leading to large fluctuations between reporting periods.

• Cumulative EBIT goal for 2025–2027 is 1,400 MSEK, with a target ROE above 15% and equity/assets ratio above 30%.

• Dividend policy targets 20–50% of profit after tax, subject to investment needs and financial position.