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PAGE © 2026 Octopus Energy Generation. All rights reserved. 2026 Interim Results Presentation Private and Confidential. This is a marketing communication prepared exclusively for Professional and Institutional investors only, as defined by local la ws and regulations Six months ended 30 June 2026
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PAGE 2 Octopus Energy Generation (“OEGen”) is a trading name of Octopus Renewables Limited (“ORL”), which is authorised and regulated by the U.K. Financial Conduct Authority (“FCA”) and a registered foreign investment adviser with the U.S. Securities and Exchange Commission (“SEC”), and Octopus Energy AIF Management Ltd. (“OEAIFM”) which is authorised and regulated by the Central Bank of Ireland (“CBI”). Important Information This document is issued as a marketing communication by Octopus Energy AIF Management Limited (the “Manager”), which is autho ris ed and regulated by the Central Bank of Ireland (Register No. C519204). Registered in Ireland. (Company Register No. 745706). Octopus Renewables Limited (trading as Octopus Energy Generation) is the delegated Investment Manager, which is authorised an d r egulated by the UK Financial Conduct Authority (FCA reference number 473797), registered address UK House, 5th Floor, 164 - 182 Oxford Street, London, United Kingdom, W1D 1NN. This document is issued in connection with Octopus Renewables Infrastructure Trust plc (the “Company”) for information purpos es only for the confidential use of only those persons to whom it is distributed and is not to be reproduced, distributed or used for any other purpose. By accepting delive ry of this document, each recipient agrees to treat this document as strictly confidential and not to reproduce, distribute or otherwise use this document or any of its co nte nts without the prior written consent of Octopus Energy Generation. Neither past performance nor any forecast should be considered a reliable indicator of future results. This document is for i nfo rmation purposes only. It contains information that is based on unverified and unaudited information. The information and opinions contained in this document are for backgr oun d purposes only and do not purport to be full or complete. No reliance may be placed for any purpose on the information or opinions contained in this document or thei r a ccuracy or completeness. This document contains information from third party sources. All information contained herein is subject to updating, revision and/or amendment (although there shall be no obligation to do so). No representation is made, assurance is given, or reliance may be placed, in any respect, that such information is correct and no responsibility is accepted by the C omp any, the Manager or Octopus Energy Generation or any of their respective officers, agents or advisers as to the accuracy, sufficiency or completeness of any of the information or opinions, or for any errors, omissions or misstatements, negligent or otherwise, contained in or excluded from this document or for any direct, indirect o r c onsequential loss or damage suffered or incurred by any person in connection with the information contained herein (except to the extent that such liability arises o ut of fraud or fraudulent misrepresentation).
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PAGE 3 Important Information This document contains certain forward - looking statements. In some cases forward looking statements can be identified by the use of terms such as "believes", "estimates", "anticipates", "projects", "expects", "intends", "may", "will", "seeks" or "should" or variations thereof, or by di scussions of strategy, plans, objectives, goals, future events or intentions. By their nature, forward - looking statements involve risk and uncertainty because they relate to fut ure events and circumstances. Actual outcomes and results may differ materially from any outcomes or results expressed or implied by such forward - looking statements. The Company’s investment strategy may see investment risk concentrated in specific assets, geographies, and technologies or t o s pecific counterparties. This means that the overall performance of the Company may be more sensitive to the returns in respect to those assets, geographies, types of as sets, and / or counterparty. No advice has been sought on any legal or taxation matters relating to the information set out in this document and recipient s s hould seek their own legal, tax and financial advice in connection with the information contained herein. Nothing contained herein constitutes either an offer to se ll or an invitation to purchase any assets, shares or other securities or capital or to enter into any agreement or arrangement in relation to matters discussed in this doc ument. Nothing herein should be taken as a recommendation to enter into any transaction. The dividend and return targets stated are targets only and not profit forecasts. There can be no assurance that these target s w ill be met, or that the Company will make any distributions at all and they should not be taken as an indication of the Company's expected future results. The Company's actual returns will dep end upon a number of factors, including but not limited to the Company’s net income and level of ongoing charges. Accordingly, persons who have access to this document should not place any reliance on these targets and should decide for themselves whether or not the target dividend and target net total shareholder return are reasonable or achievable. Investors should note that references to dividends are intended to cover both dividend income and income which is designated as an interest distribution for UK tax purposes and therefore subject to the interest streaming regime applicable to investment trusts.
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PAGE 4 Important information This document should only be accessed by persons ( i ) who are residents in the United Kingdom, or (ii) who qualify as a ‘professional client’ as defined in Directive 2016/65/EU on Markets in Financial Instruments (“MiFID II”) and are residents in Ireland (Persons with ( i ) and (ii) being ‘Relevant Persons’). If you are not a Relevant Person or are in any doubt as to whether you are a Relevant Person, please disregard this document. This document is not directed at, nor should i t b e accessed by persons who are not Relevant Persons, including without limitation any persons located in the United States, Australia, Canada, South Africa, New Zealand or any other jurisdiction where it would be unlawful to do so. This document has been prepared by Octopus Energy AIF Management Limited for information purposes only and does not constitute a n offer to sell, or the solicitation of an offer to acquire or subscribe for, securities issued by Octopus Renewables Infrastructure Trust plc ( the “Company”) in any jurisdiction. The offer and sale of securities in the Company have not been and will not be registered under the applicable securities laws of the United States, Australia, Canada, South Africa, New Zealand or Japan. This document does not constitute any form of financial opinion or recommendation on the part of t he Company or the Manager and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities in any jurisdiction. Recipients should not construe the contents of this document as financial, legal, accounting, tax or investment advice. The securities in the Company have not been nor will be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States and such securities may not be offered, sold, exerc ised, resold, transferred or delivered, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the U.S. Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in compliance w ith any applicable securities laws of any state or other jurisdiction in the United States. The Company has not been and will not be registered under the U.S. Investment Compan y Act of 1940, as amended (the "U.S. Investment Company Act") and investors in the Company are not entitled to the benefits of the U.S. Investment Company Act.
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PAGE 5 A decision to invest in the Company should take into account all of its objectives as described in the Prospectus. A list of relevant risks can be found in the Prospectus, Annual Report and KID on the Company website: https://www.octopusrenewablesinfrastructure.com/all - reports - publications Key Investor Risks 1. An investment in the Company will place capital at risk. The value of investments can go down as well as up, so investors cou ld get back less than the amount invested. 2. Neither past performance nor any forecasts should be considered a reliable indicator of future results. 3. The Company may not meet its investment objective and there is no guarantee that the Company’s target level of dividends and oth er distributions and/or target returns, as may be from time to time, will be met. 4. The company’s investment strategy sees investment risk concentrated in specific assets, geographies and technologies or to sp eci fic counterparties. This means that the overall performance of the Company is more sensitive to the returns in respect of those assets, geographies, types of asset a nd/ or counterparties. 5. The Company invests in renewable energy assets which are under construction and, therefore is exposed to certain risks, such as permit risks, cost overruns, construction delay and construction defects, which may be outside the Company’s control. 6. Renewable energy assets which are under development may be exposed to risks such as delays in obtaining or the failure to obt ain the requisite grid access rights, land consents, planning and/or regulatory consents, and cost overruns which may be outside the Company’s control. In certain scena rio s it may not be possible for a development to proceed or a development may become unviable for the Company. The Company may not be able to fully recover the va lue of its investment where a project does not advance beyond the development phase. 7. Renewable energy assets are illiquid and may prove difficult to sell. The price achieved on any realisation may be at a disco unt to the prevailing valuation of the relevant renewable energy asset(s). This may have an adverse effect on the Company's profitability, the net asset value, and/or the pr ice of the Company's shares. 8. The Company makes investments which are based in countries whose local currency is not Sterling, and makes and/or receives pa yme nts that are denominated in currencies other than Sterling. Changes in exchange rates will, therefore, affect the net income and net asset value of the C omp any.
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PAGE 6 Key Investor Risks 9. The Company and members of its Group may use borrowings for multiple purposes, including for investment purposes. While the u se of borrowings should enhance the total return on the Shares, where the return on the Company’s portfolio of Renewable Energy Assets exceeds the cost of borrow ing , it will have the opposite effect where the return on the Company’s portfolio of Renewable Energy Assets is lower than the cost of borrowing. 10. The Company makes investments in projects and concessions with revenue exposure to power prices. The market price of electric ity is volatile and is affected by a variety of factors, including market demand for electricity, the generation mix of power plants, government support for vario us forms of power generation, as well as fluctuations in the market prices of commodities and foreign exchange. Whilst some of the Company’s portfolio of Renewable En erg y Assets benefit from fixed price arrangements for a period of time, others have revenue which is based on prevailing power prices.
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PAGE 7 Octopus Renewables Infrastructure Trust (“ORIT”) Presentation team Chris Gaydon David Bird Genevieve Legg Investment Director Investment Director Senior Portfolio Manager
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PAGE How ORIT Generates Sustainable Income and Long - term Growth Strategy and business model We develop, buy, build and operate renewable energy infrastructure Across onshore and offshore wind, solar and other complementary technologies Operating assets Create a diversified portfolio Secure contracted and inflation - linked revenues Execute strategic capital allocation and recycling Deliver active asset management Construction & developer assets Positive environmental and social impact Sustainable income Capital growth This delivers What we do What we invest in Our strategy Long - term value creation Attractive, progressive dividends | Capital growth through asset appreciation | Positive contribution to the energy transitio n Outcome 8
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PAGE 9 A resilient income base with a pathway to long - term growth A clear strategy for the next phase of growth Long - term tailwinds remain firmly in place A platform built for today – and the future Share price trades at a discount to the underlying asset value Why ORIT Now? A differentiated strategy aligned with long - term energy system needs Capital is at risk. Past performance is not a guide to future or expected returns .
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PAGE 10 Revenue of £67.2 million, 3% ahead of budget EBITDA of £42.1 million, 6% ahead of budget Dividend cover increased to 1.38x 1 Resilient cash performance Solar generation 3% ahead Offshore wind 5% ahead Onshore wind 6% below the updated budget Performance broadly on budget H1 NAV total return of - 5.0% Onshore wind yield review the principal driver Lower power - price forecasts and higher discount rates also reduced valuations Updated assumptions reduced NAV H1 2026: resilient cash performance, lower valuation Capital is at risk. Past performance is not a guide to future or expected returns . The portfolio generated cash ahead of budget and delivered increased dividend cover YoY Long - term assumption changes pulled valuations down 1 After scheduled debt amortisation Figures at, or over, six months to 30 June 2026.
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PAGE 11 Net Asset Value (“NAV”) (31 December 2025: £495m) £455m H1 2026 NAV total return 1,2,3 (H1 2025: - 0.2%) - 5.0% NAV per Ordinary Share 2 (31 December 2025: 93.8p) 86.2p NAV total return since IPO 3.0% p.a. 1,2,3 (H1 2025: +31.7%, +5.1% p.a. ) +21.7% Share price total return 1,3 (H1 2025: +12.9%) +13.7% Gross Asset Value (“GAV”) 1,4 (31 December 2025: £897m) £852m Note: The value of investments and income from dividends can fluctuate, and there is a possibility that investors may not rec ove r the entire amount originally invested. Financial Highlights Key financial metrics for the six months to 30 June 2026
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PAGE 12 Track Record of Increased Dividends Dividends fully covered by operational cash flow 1.38x H1 2026 Dividend cover 5.24 5.79 6.02 3.11 6.17 6.23 5.2% 6.4% 8.6% 10.1% 9.5% 0% 2% 4% 6% 8% 10% 12% 0 1 2 3 4 5 6 7 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 (target) Pence per Share Dividend History Total declared dividend per share Dividend target Dividend yield Capital is at risk Please refer to the Fund’s constitutional documents for important additional risks, disclosures and inform ati on.
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PAGE 13 Operational Results
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PAGE Strong Solar Performance Offsetting Lower Onshore Wind 14 Output 1 H1 2026 614 GWh - 6% vs H1 2025 - 1% vs budget EBITDA H1 2026 Revenue H1 2026 £67.2m - 2 % vs H1 2025 +3 % vs budget £42.1m - 5 % vs H1 2025 +6 % vs budget 271 GWh - 8 % vs H1 2025 +3% vs budget 263 GWh - 10% vs H1 2025 - 6 % vs budget 80 GWh +18 % vs H1 2025 +5 % vs budget £30.2m - 9 % Vs H1 2025 + 2% vs budget £13.4m - 20% vs H1 2025 - 3 % vs budget £ 23.6 m +25 % vs H1 2025 +7 % vs budget £ 22.3 m - 12 % vs H1 2025 +4% vs budget £ 8.5 m - 29 % vs H1 2025 - 2 % vs budget £ 11.3 m +59 % vs H1 2025 +18 % vs budget Solar Onshore wind Offshore wind Solar Onshore wind Offshore wind Offshore wind Onshore wind Solar
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PAGE 15 Strong Solar Generation… Solar GWh 263.3 13.8 - 1.8 - 14.1 7.2 268.3 2.2 270.5 Budget Weather variance Cuges shut down Other Dispatch down balance (Ireland) Exported generation Compensated generation Total generation
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PAGE 16 …Offset by Low Wind Speeds GWh Onshore Wind Offshore Wind GWh 279.8 - 4.0 - 29.8 - 15.6 - 3.9 226.6 36.3 263.0 Budget Weather variance Economic curtailment Turbine faults Other Export generation Compensated generation Total generation 76.2 8.2 - 4.1 80.2 Budget Weather variance Technical availability Exported generation
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PAGE 17 Valuations
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PAGE 18 NAV per Share Movement in H1 2026 Positive movements more than offset by the impact of revised energy yields, lower power prices and higher discount rates £494.8m / 93.8p - £30.4m / - 5.8p - £10.6m / - 2.0p - £8.6m / - 1.6p £1.5m / 0.3p £5.7m / 1.1p £26.0m / 4.9p £478.3m / 90.7p - £16.4m / - 3.1p - £4.0m / - 0.7p - £3.3m / - 0.6p £454.7m / 86.2p 82.00 84.00 86.00 88.00 90.00 92.00 94.00 96.00 Audited Company Net Asset Value as at Q4 2025 Energy Yield Assessments Changes in discount rates Power Prices, Green Certificates and Capacity Market Changes in economic assumptions Asset End of Life Considerations Balance of portfolio return Net Asset Value as at Q2 2026 before Plc/Holdco movements Dividend paid in the period RCF and HoldCo facility interest Plc and HoldCo running costs Unaudited Company Net Asset Value at Q2 2026 Pence per ordinary share
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PAGE 19 • The assets now have sufficient operational data • Long - term generation reassessed using actual performance Why the review was undertaken • Long - term onshore wind forecast reduced by 10.1% • Equivalent to 4.7% of forecast generation across the total portfolio Updated generation forecasts • £30.4 million reduction • Equivalent to 5.77p per share • Approximately 6% of NAV Impact on NAV • All onshore wind assets now valued using their operating histories and the latest technical evidence • None on pre - construction forecasts A more robust valuation basis Onshore wind energy yield review Updated assumptions reflect substantially longer operating histories
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PAGE 20 Changes in Wholesale Energy Prices and Green Certificates Valuation decrease of £8.6m over the period from power - price, green - certificate and capacity - market forecasts - £ 11.2 m Medium to long - term power price forecasts and green certificates +£2 .6m Higher short - term forward power prices 0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 2026 2028 2030 2032 2034 2036 2038 2040 2042 2044 2046 2048 2050 £/MWh (real 2026) Generation - Weighted Price Gen. Weighted Price - Power Q4 2025 Gen. Weighted Price - Total Q4 2025 Gen. Weighted Price - Power Q2 2026 Gen. Weighted Price - Total Q2 2026 Power plus green certificates subsidies and other benefits Power only
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PAGE 21 Adjusted Discount Rate Increased to 8.8 % Reflects alignment with prevailing market conditions and transaction evidence Adjusted weighted average levered discount rate 8.8% Indicative of return expected on the development stage assets, RCF impact 30 - Jun - 26 31 - Dec - 25 Total portfolio Levered IRR (GBP) 8.3% 7.8% Levered IRR (local currency) 7.8% 7.3% Gross Asset Value (GAV; £m) 851.5 897 Total Leverage %GAV (plc) 47% 45% Weighted average discount rate 8.3% 7.8% (i) Return expected on the development stage assets +0.4% +0.3% (ii) Increase in return associated with the additional leverage from the RCF +0.1% +0.1% Adjusted average discount rate 8.8% 8.2%
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PAGE 22 Debt reduced by £5.3m, while increased to as a % of GAV 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Equity Long term debt Short term debt (RCF) Capital Structure at 30 June 2026 Debt Summary (£m) Total Debt RCF UK HoldCo Facility Project Term Loans Amount (£m) 396.8 55.1 76.3 265.5 Debt (% GAV) 46.6% 6.5% 9.0% 31.2% % Hedged 72% 0% 75.0% 85.5% Average cost of debt 3.5% 5.4% 5.1% 2.5% Average remaining term 9.3 2.0 3.8 12.9 Medium - term gearing anchor remains approximately 40% of GAV ; asset - sale proceeds will principally be used to reduce gearing 265.5m 285.9m 76.3m 76.3m 55.1m 39.9m 46.6% 44.8% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% £0m £50m £100m £150m £200m £250m £300m £350m £400m £450m Q2 2026 Q4 2025 Leverage (£m / %) Project term loans UK HoldCo RCF Leverage (%) Target (%)
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PAGE 23 Portfolio Overview
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PAGE 24 A Highly Diversified Portfolio of Renewable Energy Assets Helps to reduce risk and volatility Assets 1 39 Total capacity (MW) 1 740 Countries 5 Technologies 5
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PAGE 25 £ 856 m Total value of all investments 1 A Well - diversified Portfolio by Country and Technology Country UK: 37 % Ireland: 2 3 % France: 18% Finland: 12% Germany: 6% Developer: 5% Technology Solar: 50 % Onshore wind: 32% Offshore wind: 13% Developer: 5% Asset Phase Operational: 95% Developer: 5%
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PAGE 26 High level of protection against near - term power price volatility… 86% fixed revenue for the next two years Fixed vs Variable Revenue Split …and declining near - term electricity price forecasts - 50,000,000 100,000,000 150,000,000 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 Fixed - Subsidy Fixed - Power Variable - Other Variable - Power
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PAGE 27 High proportion of inflation - linked revenues Supports progressive dividend policy - 50,000,000 100,000,000 150,000,000 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 UK RPI UK CPI French L Factor Fixed - unindexed Merchant Inflation Linked Revenue Split 42% Inflation - linked revenues over 10 - year period
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PAGE Active management supporting portfolio returns 28 Value enhancement programme underway Proactive management secured compensation for an additional 1.2 GWh in H1 2026 95% improvement compared with the previous approach Leeskow : Curtailment management Lower network tariffs secured for auxiliary electricity, applied retrospectively from January 2026 Expected to reduce FY 2026 import electricity costs by approximately 16% Breach: Lower operating costs Aerodynamic upgrades and power uprates Frequency reserve services Battery co - location, hybridisation and repowering Further portfolio opportunities
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PAGE 29 Investment in developers brings optionality over future investment opportunities at construction - ready stage Preferential rights over 3 GW pipeline 25% Onshore wind UK 30% Solar and onshore wind Finland 14.2% Sustainable e - fuels Canada 100% Solar and battery storage UK 4% Floating offshore wind UK and Europe £5.7m follow - on in H1 2026
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PAGE Investing for a positive impact 30 ORIT has a clear impact Strategy and aims to enhance impact where possible through initiatives aligned with three responsible investment lenses: Financial returns and ultimate investment success Performance Environmental considerations Planet Social considerations People Article 9 Impact Fund under SFDR 153k Estimated equivalent homes powered for a year 1 154k Estimated tonnes of carbon avoided in H1 2026 1 0.8m Est. equiv. new trees to avoid same carbon in H1 2026
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PAGE 31 Wrap up / Conclusion 06
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PAGE 32 The Case for Renewables Remains Strong Market sentiment does not reflect underlying sector fundamentals Renewables + storage = cheapest new electricity Energy security continues to drive political and investment priorities Electrification is increasing long - term power demand Significant investment required to meet long - term demand
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PAGE 33 ORIT 2030 – Delivery remains the priority Progress has taken longer than expected, but conviction in the strategy remains unchanged. H2 2026 2027 - 2030 Next continuation vote (June 2028) Asset - sale processes underway Proceeds principally directed towards reducing gearing Recycle capital Invest selectively Live opportunities continue to progress Invest only where expected returns justify the risk Delivery and NAV impact building from 2027 Maintain dividend resilience Longer - term growth FY 2026 dividend target of 6.23p, an increase of 1% YoY Fully covered (1.38x) by operational cash flows in H1 Construction investments expected to support NAV growth as projects become operational Acceleration of delivery NAV growth weighted towards end of period as ORIT delivers earlier construction - stage investments into operations Portfolio rebalanced to allow for continued dividend growth beyond end of existing subsidy lives
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PAGE 34 A resilient operating platform A more robust valuation basis Delivery is the priority Resilient portfolio, focused on delivery We remain convinced that ORIT 2030 is the right strategy Generation broadly on budget Revenue and EBITDA ahead of budget Dividend fully covered at 1.38x Onshore wind assumptions updated for operating history Valuations reflect latest operational evidence Contracted revenues support cash - flow visibility Complete further asset recycling Reduce gearing towards the 40% anchor Invest selectively where returns justify the risk Deliver further operational improvements
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PAGE 35 Q&A
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PAGE 36 Appendices About ORIT and OEGEN
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PAGE 37 Expert Management Unrivalled expertise Unlocking Optionality Diversified Portfolio Sustainable Investing Added Value Embodying sustainable practices Additionality, active management & strategic investment allocation Proprietary pipeline with developer investments Managing risk and volatility ORIT’s Differentiated Strategy Seeks to Optimise Returns ORIT focus on development and construction offers investors the opportunity for capital growth alongside sustainable income 37
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PAGE 1 . The dividend and total return are targets only and not profit forecasts . There can be no assurance that they will be met or that the Company will make any distributions at all and they should not be taken as an indication of the Company’s expected future results . Accordingly, potential investors should not place any reliance on these targets in deciding whether or not to invest in the Company and should decide for themselves whether or not the target dividend and target net total shareholder return are reasonable or achievable . 2 . Typical returns based on the manager’s experience and not profit forecasts . There can be no assurance that actual asset returns will be consistent with the above and they should not be taken as an indication of the Company’s future results . ORIT Key Terms 38 To provide investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of Renewable Energy Assets in UK, Europe and Australia Currency • GBP Financial Year End • 31 December Website • www.octopusrenewablesin frastructure.com Delegated Investment Manager • Octopus Renewables Limited (trading as Octopus Energy Generation) Board • Independent board of non - executive directors Management Fee • 95bps (reducing to 85bps above £500m) on equal weighting of ( i ) NAV and (ii) average of the closing daily market capitalisation Exchange • Official List, London Stock Exchange • Awarded LSE Green Economy Mark • ISIN: GB00BJM02935, SEDOL: BJM0293 • Ticker: ORIT Shares in Issue • 543,370,568 Target Net Total Return • 9 - 11% p.a. over the medium to long - term 1 Dividend • Announced and paid quarterly • Progressive dividend policy • Target is 6.23p in FY 2026 1 Typical Asset Return • Operational assets: 6.5 - 8.3% 2 • Leverage • Maximum 40% long - term structural debt & 25% short - term RCF Key Investment Policy • Deliver an attractive and sustainable level of income returns with an element of capital growth through acquiring operational, construction ready, in construction and development renewable assets • Invest in diversified portfolio across Europe and Australia • Focus on solar PV, onshore and offshore wind with no more than 20% of GAV allowed in other renewable assets 38
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PAGE 39 Country Long - term inflation Taxation UK 2.25% 1 25.0% France 2.0% 25.0% Ireland 2.0% 12.5% Finland 2.0% 18.0% Germany 2.0% 15.8% Key Valuation Assumptions Key inputs that drive ORIT’s portfolio value Key Positive change to valuation assumption No change Negative change to valuation assumption
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PAGE 40 Experienced Board of Directors Board of Directors with on average 30+ years of experience Position Phil Austin, MBE Non - executive Chair, Chair of the Nomination Committee • Chairman of Jersey Electricity plc • Formerly deputy CEO of HSBC Offshore business • Founding CEO of Jersey Finance Ltd, the body that represents and promotes Jersey’s finance industry • Fellow of the Chartered Institute of Bankers and a Fellow of the Chartered Management Institute . Elaina Elzinga, CFA Non - executive Director and Chair of the Remuneration Committee • Principal in Investments at the Wellcome Trust, a global charity committed to improving human health • Previously investment manager at Goldman Sachs • Lead of Absolute Return, responsible for Wellcome’s partnerships with managers that have low equity market correlations, including multi - strategy and credit hedge funds, and their climate strategy Sarim Sheikh Senior Independent Non - executive Director • Worked with General Electric & Shell with deep domain expertise in energy markets, and technology from various commercial, business development, projects, and operational roles • Served as chair/non - executive director on boards of several listed and non - listed companies in the Netherlands, Croatia, Oman, and Pakistan and on non - profit boards Sally Duckworth Non - executive Director and Chair of the Audit and Risk Committee • Audit and Risk Chair of JPMorgan Japanese Investment Trust plc, Chair of the UK Sustainability Disclosure Technical Advisory Committee, Non - Executive Director of Molten Ventures VCT and Chair of StorMagic Limited (a private software defined storage company) • Worked at J.P. Morgan and early - stage venture capital at Quester Capital Management.
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PAGE 41 Octopus Energy Generation - ORIT’s Investment Manager An experienced team of over 150 specialist renewable energy and investment professionals Chris Gaydon ORIT Lead Managers Position Position Position Finance Manager Head of IR - Listed Senior Portfolio Manager Associate Director - Asset Management Senior Investment Manager Ian Dunn Position Position David Bird Adam Christensen Charlotte Edgar Genevieve Legg Kat Siadak Tom Woolerton Sam Goss James Zhou Julia Gubar Tom Rosser Laura Halstead Osama Raja Margot Smith • Investments • Origination and Deployment • Divestments • Energy Markets • PPA Procurement • Power Price Exposure • Government Policy • Construction • Specialist Engineering • Contractor Management • Development • Origination • Pipeline development • Asset Management • Technical (Engineering) • Legal & HSE • Fund Management • Accounting • Valuation • Investor Relations and Reporting • Risk • Compliance • Product Governance • ESG & Impact • Social initiatives • TCFD & SFDR Disclosures • Carbon Offsetting ORIT Team £ 8.8 bn AUM > 5.4 GW Capacity
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PAGE 42 Technology driven to reshape how green energy is consumed and generated Global impact from scale, accelerating the green energy revolution Market expertise and oversight of energy markets & pricing Leading brand partner of choice 150+ energy & investment professionals 100 years of combined renewables experience among Investment Committee members In House development, construction, contract, legal and operations expertise Engineering experts with decades of experience across our technologies Energy Markets Team to maximise revenue generation £1.3bn p.a. 1 deployment rate Strong reputation across the industry and with vendors Track record of direct developer and JV partnerships Octopus Energy – an energy specialist Strong origination networks Active asset management Size, scale, experience Our key differentiators as a fund manager 1. Based on Enterprise Va lue of signed deals for the 2022 and 2023 calendar years.
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PAGE Contact Us orit@octopusenergygeneration.com +44 (0)7826 547304 (Montfort) octopusrenewablesinfrastructure.com Investment Manager • Octopus Renewables Limited (trading as Octopus Energy Generation) • UK House, 5 th Floor, 164 - 182 Oxford Street, London, W1D 1NN Media and Analyst Enquiries • Contact Imogen Saunders, Montfort • +44 (0)7826 547304 • orit@montfort.london
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PAGE Thank You