Company fact sheet. January Neas Energy A/S Skelagervej Aalborg CVR/VAT.:

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1 Company fact sheet January 2016 Neas Energy A/S Skelagervej Aalborg CVR/VAT.:

2 Contents Executive summary 3 Portfolio 3 An Energy Group 4 Ownership 5 Bord of directors 5 Executives 5 Organisation 6 Financial highlights 7 Annual reports 9 Core business 10 Value chain 11

Executive summary Neas Energy is an independent energy asset

optimization of renewable and conventional energy assets

Based on more than 15 years of experience from liberal energy

markets in Europe and rank among the market leaders within

and power generation for independent power producers in Europe.

has offices in London, Hamburg, Düsseldorf and Stockholm.

6,546 MW installed capacity Renewables 1.

3 Executive summary Neas Energy is an independent energy asset management company that provides physical and financial optimization of renewable and conventional energy assets operating on energy markets in Europe. Based on more than 15 years of experience from liberal energy markets Neas Energy today has activities in all major energy markets in Europe and rank among the market leaders within physical balancing and trading of renewable- and combined heat and power generation for independent power producers in Europe. Neas Energy s headquarter is located in Aalborg, Denmark and it has offices in London, Hamburg, Düsseldorf and Stockholm. Portfolio 2,100 MW installed capacity Combined Heat and power 6,546 MW installed capacity Renewables 1.1 TWh Supply & large scale consumption 39.5 TWh Natural gas trading annual turnover Renewable energy certificates (EECS, TÛV, Elcerts, RECs) 3

4 An energy group Neas Energy is the largest company in the Neas Group (in terms of turnover, activities and number of employees). The group also include subsidiary companies NE Capital Management and associated companies depicted in the group chart below. Dreisler Invest A/S SEBC ApS Management & Employees ATP Via Venture Partners A/S NE Holding A/S Neas Energy A/S NE Climate A/S Neas Capital Management A/S Neas Energy Ltd. Neas Invest A/S Nordjysk Elhandel Finans A/S Utility North A/S 4

5 Ownership The ownership of the shares in NE Holding A/S is distributed between the investors below: 48 % SEBC ApS CVR/VAT % Dreisler Invest A/S CVR/VAT % Group Management and Employees The ownership of the shares of Neas Energy A/S is distributed between the investors below: % NE Holding A/S CVR/VAT % Via Venture Partners Fond II K/S CVR/VAT % ATP (Arbejdsmarkedets Tillægspension) CVR/VAT % Group Management Board of Directors The members of the Board of Directors in Neas Energy A/S are: Karsten Sivebak Knudsen (Chairman) Eigild Bødker Christensen (Vice Chairman) Michael Dreisler (Member) Peter Thorlund Haahr (Member) Poul Lind (Member) Søren Rygaard (Employee Representative) Kenneth Skou (Employee Representative) Executives The executives in Neas Energy A/S are: Bo Lynge Rydahl, Chief Executive Officer Bjørn Skovhus, Executive Vice President Anders Bauditz, Executive Vice President Naja Lyngholm Skovlyk, Executive Vice President, CFO 5

Organisation chart Neas Energy Executives Strategic Business Development Business Processes & Implementation HR Legal & Market Implementation Communications Compliance Sales Markets Support

6 Organisation chart Neas Energy Executives Strategic Business Development Business Processes & Implementation HR Legal & Market Implementation Communications Compliance Sales Markets Support Nordic Short Term Power Trading Finance Germany (subsidiary) UK (subsidiary) Gas Trading Back office Structuring Risk Management Trading IT-Development Capital Management IT-Operations (subsidiary)

7 Financial highlights Neas Energy operates in all major European energy markets with largest exposure in the Nordic and German power markets. The level of activities in financial energy markets naturally depends on price development in our markets, whereas the activities in physical energy markets in terms of volumes and capacities under management do not directly depend on price fluctuations. Neas Energy s financial development is characterized by considerable growth based on growing physical volumes and capacities under management, and resulting in sable growth in revenues and positive results. Amounts in million DKK Change in % Revenue , ,4 93 % EBITDA * 131,9 0, % EBIT ** 113,5-8, % Profit before tax 103,0-14,8 797 % Profit for the year 80,2-8, % Equity 431,3 339,8 27 % Equity in % 30,2 34,4-12 % Average number of employees 190,0 146,0 30 % * Operating profit before depreciation and amortisation ** Operating profit 7

Equity (LHS) Solvency ratio (RHS) t. EUR.

800.000 25.000 90.000 60% 1.600.000 1.400.000 20.000 80.

000 60.000 50.000 40.000 30.000 40% 30% 20% 400.000 200.000 5.000 20.000 10.

8 Equity (LHS) Solvency ratio (RHS) t. EUR. Revenue (LHS) EBT (RHS) t. EUR. Equity rate of return (RHS) % % % 30% 20% % % 2011 A 2012 A 2013 A 2014 A 2011 A 2012 A 2013 A 2014 A GWh managed GWh GWh managed GWh GWh managed GWh GWh managed GWh 8

9 Annual report To view the Neas Energy s annual reports please visit our website: 9

10 Core business model Neas Energy s business model is centered around optimising our clients assets in energy markets. Gas CHP Power optimisation 24/7 Supply Systems Assets optimisation Gas optimisation 24/7 Wind power Risk Management Hedging Solar power Hydropower 10

11 Value chain Our business model integrates highly specialised services, IT systems and trading to optimise the value of our customers assets according to individual risk profiles - from long term financial management to short term physical production. Client Asset Sales & Origination Long Term Optimisation Short Term Optimisation Settlement/ delevery Optimized Value Fundamental Analysis Price headging Ys & Qs Hedging of subsidies/ certificates Portfolio management Asset structuring & Risk Management Hedging month ahead Hedge specific weeks or days Buy back hedge Client Asset Sales & Origination Long Term Optimisation Short Term Optimisation Settlement/ delevery Optimized Value Production Planning Spot Markets Intraday Market Week ahead Day ahead & regulation/capacity production Re-balancing & H to H optimisation 11

12 Contact For further information please contact Neas Energy Communications or Legal. Rasmus Buhl Møller Head of Corporate Communications Phone: Mobile: Anne Sveistrup Boysen Head of Legal and Business Development asb@neasenergy.com Phone: Mobile:

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