Internationally

Successful Player

in the Energy

TransitionMarch 2022

Agenda

03Position

& Strategy

06Summary &

Outlook

04Current

Developments

05Key Figures

01Company

02Market

Environment

01Company

Founded in 1996currently around 1,000 employees

Headquarters in Wiesbaden, Germany28 office locations worldwide, nine of them in Germany

Owner-managedFamilies of the founders/Managing Directors hold

majority

Strong Managementwith four Managing Directors and 12 General

Managers

Project Development & Construction

of Wind & Solar Farms are Core

01. Company

Project Development & Construction

of Wind & Solar Farms are Core

01. Company

Project pipeline of 19 gigawattsunder development worldwide, mostly in Europe

~ 4. billion euros investment volumein projects

So far ~ 4 gigawatts developed & soldabout half of them also built by ABO Wind

Core business is development & constructionof wind & solar farms and battery systems

Core Business

01. Company

Project Development Construction Energy Park Management

Wind Solar HydrogenStorage

TechnologiesAs well as combinations

of these

Development (depending on the country ≈ 2-5 years) Construction (1-2 years) Operations (≈ 20 years)

Site Acquisition

▪ Site identification

▪ Land lease

agrements

▪ Checking grid access

Development

▪ Site appraisal

▪ Analysis of wind and

irradiation

▪ Feasibility calculation

▪ Selection of plants and

park layout

▪ Obtaining permit

Financing

▪ Structuring of

financing

▪ Securing of

remuneration

▪ Conclusion of loan

agreements

▪ Approaching of

investors

Sales

▪ Sale to operator

(e.g. institutional

investor, utility)

▪ Citizen participation

▪ Increasing

acceptance

Services

▪ Operational

Management

▪ Maintenance

▪ Technical

Assessments

▪ Products

(e.g. ABO Lock)

Construction

▪ Grid connection

▪ Infrastructure

▪ Construction

Management (wind)

▪ Construction of solar

farm

▪ Commissioning

Value Chain

01. Company

Source: Referenzen. Hrsg: ABO Wind URL: https://www.abo-wind.com/de/entwicklung-errichtung/referenzen/index.html on 01.03.2022

0

100

200

300

400

500

600

700

800

900

1996 -

2005

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Development and Construction Development

MW

Realised Wind, Solar & Battery Projects

01. Company

02Market

Environment

Accelerated Expansion of Renewable Energies

02. Market Environment

▪ Wind or solar are world's cheapest options for new capacities

▪ 95 percent of added power plants globally are renewable energies

▪ Acceleration of clean energy transition is driven by lack of fossil raw materials (Ukraine war) and climate protection goals

0

50

100

150

200

250

300

350

400

450

500

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Historical Expansion

Expected Acceleration

Basic Scenario

Source: International Energy Agency (IEA)

GW

03Position &

Strategy

▪ Focus was only on wind energy for the first 20 years;solar energy has complemented the core business since 2015

and battery storage since 2020

▪ Storage and hybrid projects gain in importance:several projects under construction; team formed for hydrogen

projects

▪ An increasing number of countries and technologiescontribute to the company’s success

ABO Wind is Well Positioned

03. Position & Strategy

▪ International diversificationbalances out fluctuations in individual markets

▪ Since 2016, the annual net profit has always exceeded ten million eurosand, despite volatile business, has never been in the red in the company's history

▪ Twelve countries contributed to the revenues in 2021 and the company’s internationalisation is progressing

▪ Balanced country portfolioof established markets and promising countries

▪ Technical services (operational management, maintenance, products) are important complements;2021 takeover of VSB technology strengthens maintenance business

Our Basis for Sustainable Success

03. Position & Strategy

International Orientation: Project Development in 16 Countries

03. Position & Strategy

Finland

Germany

Greece

HungaryPoland

France

Spain

Canada

Colombia

Argentina

South Africa

Tanzania

United Kingdom

Netherlands

Ireland

Tunisia

Portfolio of Wind & Solar Farms & Storage Systems under Development

03. Position & Strategy

Country Phase I Phase II Phase IIISum

(in MW)

Work in progress (development)

(balance sheet 2021, in T€)

Germany 1,700 100 100 1,900 37,103

France 1,380 60 60 1,500 31,487

Finland 4,870 130 5,000 7,633

United Kingdom 315 35 50 400 7,497

Ireland 330 40 30 400 6,351

South Africa 2,600 1,000 3,600 5,942

Argentina 750 950 1,700 5,810

Spain 1,000 400 100 1,500 5,030

Greece 760 40 50 850 3,946

Colombia 500 100 600 2,401

Canada 300 500 800 2,317

Tanzania 50 50 1,127

Tunisia 20 20 1,076

Poland 380 20 400 695

Hungary 75 25 100 683

Netherlands 90 90 295

Total 15,100 3,270 540 18,910 119,392Phase I: Sites secured, permit in progress; Phase II: Permit achieved, approaching construction stage; Phase III: Implementation underway. The list also includes projects whose rights have been sold, provided ABO Wind continues to profit via milestone payments. In phase III, this applies to 35

MW in Germany, 15 MW in France, 45 MW in Finland and 100 MW in Spain. As of: March 2022

04Current

Developments

▪ Strong and continuous growth of the development portfolio

▪ Delays and price increasesfrom suppliers are challenging

▪ Increased expansion targets for renewable energies promote business(e.g. in Germany)

▪ The situation regarding permits is showing first signs of improvement –around 100 MW in the implementation phase in Germany

▪ ABO Wind has become a market leader in innovation tenders in Germany –tariffs secured for six hybrid projects; implementations are underway

▪ Tariff secured for another 50 MW in Greece and construction phase started after previous commissioning and sale of the first two Greek solar farms (together 45 megawatts)

▪ Continuous success in France:five wind farms (44 MW) built in 2021 and 60 MW under construction, including a first smaller solar project

Continuity and Innovation

04. Current Developments

▪ Finland: first 100 MW project commissioned (Välinkangas, Finnland)

▪ Largest turnkey project to date under construction (Pajuperänkangas, Finnland, 86 MW)

▪ Spain: 100 MW wind farm under constructionin Cuevas de Velasco, commissioning imminent

▪ Poland: first wind farm (20 MW) under constructionAcquisition of further solar and wind projects progresses

▪ Northern Ireland: turnkey 50 MW battery sold commissioning imminent

▪ Sites for large wind and solar farms in progress, some

with >1,000 MW capacityfor hydrogen production in South Africa, Canada, Finland and Argentina

New Dimensions

04. Current Developments

05Key Figures

92,1

107,6101,1

144,6

176,3

149,9 149,3

169,4

187,5

89,1

97,8

80,2

122,3

146,8 150,3

126,3

149,2

127,1

8,7 10,214,2

23,9 25,0 22,2 19,6 22,5 22,4

4,0 5,3 7,8

16,5 17,012,7 11,4 13,1 13,8

0

20

40

60

80

100

120

140

160

180

200

2013 2014 2015 2016 2017 2018 2019 2020 2021

Total Output Turnover EBIT Net Profit

€ Mio.

Financial Development

05. Key Figures

05. Key Figures

(€ per share) 2015 2016 2017 2018 2019 2020 2021

Net Profit 1.02 2.16 2.22 1.67 1.48 1.42 1.50

Dividend 0.25 0.50 0.40 0.42 0.42 0.45 0.49

Share price (as at 31.12.) 6.9 7.4 12.0 13.80 17.30 46.40 55.80

Price-earnings ratio 6.8 3.4 5.4 8.28 12.27 32.7 37.2

Number of shares (in millions

as at 31.12.)7.65 7.65 7.65 7.65 8.07 9.22

9.22

Balance Sheet

(in millions €) 2015 2016 2017 2018 2019 2020 2021

Total assets 125.4 146.6 174.0 194.0 242.8 249.3 296.6

Equity 52.0 66.7 79.6 89.0 103.6 140.1 149.9

Employees

(as at 31.12.) 2015 2016 2017 2018 2019 2020 2021

Permanent employees 330 380 430 510 590 690 906

06Summary &

Outlook

Financially Strong Project Developer with Dynamic Growth

06. Summary & Outlook

▪ Strengthened financial base (capital increases, subordinated bond)allows independent turnkey construction of even large projects (> 100 MW)

▪ Stable conditions in key markets (Germany, France, Spain, Finland)with positive prospects

▪ Impacts from Covid-19 and supply shortages present challenges,but are manageable; delays are foreseeable

▪ 2021 annual profit of more than ten million euros achieved for the sixth year in a row –at least a similar result is expected for current year

▪ Managing Directors expect further growth in profitability in the coming yearsand annual net profits averaging 20 million euros in the medium term (from around 2024 on)

▪ Considerable further potential in the long-term – also for hydrogen

General Manager

Phone: +49 (0)611 – 267 65 515

Email: alexander.koffka@abo-wind.de

Alexander Koffka

Contact

Internationally Successful Player in the Energy Transition

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statements of future expectations and other forward-looking statements that are based on the company's current views

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differ materially from those in such statements as a result of, among others, factors, changing business or other market

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