Scatec (SCATC)

TekBot · februar 2, 2023, 3:50pm

Key information relating to the proposed cash dividend to be paid by Scatec ASA

Oslo, 2 February 2023: In line with the dividend policy, the Board of Directors
has resolved to propose to the Annual General Meeting of Scatec ASA, that a
dividend of NOK 1.94 per share should be paid for 2022.
…

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The following key dates for the dividend are proposed by the Board of Directors:

Dividend amount: NOK 1.94 per share

Declared currency: NOK

Last day including right: 18 April 2023

Ex-date: 19 April 2023

Record date: 20 April 2023

Payment date: prior to 15 May 2023

Date of approval: 18 April 2023

This information is published in accordance with the requirements of the
Euronext Issuer Rules.

For further information, please contact:
Andreas Austrell, VP IR, andreas.austrell@scatec.com
(mailto:andreas.austrell@scatec.com)

About Scatec?
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our 700 passionate employees
and partners who are driven by a common vision of ‘Improving our Future’. Scatec
is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the
ticker symbol ‘SCATC’.?To learn more, visit?www.scatec.com
(https://scatec.com/)?or connect with us on?LinkedIn
(https://www.linkedin.com/company/scatec).?

Kilde

TekBot · februar 3, 2023, 6:02am

Fourth quarter 2022: Optimising portfolio and preparing for further growth

Oslo, 3 February 2023: In the fourth quarter 2022, Scatec’s proportionate
revenues rose by 71 percent to NOK 1,995 million (1,169), with a 15 percent
increase in EBITDA to NOK 786 million. Power production was 979 GWh (1,047) and
…

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the proportionate power production EBITDA rose to NOK 821 million (763), driven
by the Philippines.

Refinancing, portfolio optimisation and growth
On 2 February 2023, Scatec refinanced USD 100 million of its USD 193 million
Bridge-to-Bond facility with a new term loan with maturity in the fourth quarter
of 2027 provided by DNB, Nordea and Swedbank, and extended its USD 180 million
Revolving Credit Facility provided by the same banks and BNP Paribas by 1.5
years with maturity in the third quarter of 2025.

On the same day, Scatec signed an agreement to sell the Upington solar plants in
South Africa for a contribution of NOK 569 million.

“The fourth quarter and the start of 2023 have been busy in many aspects. We
increased proportionate power production EBITDA by 8 percent and continued to
deliver on our growth strategy by progressing on our construction projects in
Brazil, South Africa, and Pakistan. In addition, we signed an agreement to sell
Upington in South Africa and we will reinvest the proceeds into new clean energy
projects. We also refinanced part of our corporate facilities and welcomed new
executive management members to the team during November. We are excited to
embark on our journey together and ready to seize new opportunities,” says
Scatec CEO Terje Pilskog.

Power Production
Proportionate revenues in the Power Production segment increased by NOK 189
million to NOK 1,262 million compared to the same quarter last year, driven by
higher power sales at higher power prices in the Philippines, higher revenues
from Ukraine, contribution from new Release assets in Cameroon, and positive
foreign currency effects. These effects were partly offset by lower revenues in
Laos largely because of lower water inflow.

Power production in the Philippines ended 19 percent above the same quarter last
year and above the contracted sales volumes as expected. Excess production
volumes were sold in the power market at high prices. Total power production
EBITDA increased by approximately 8% to NOK 821 million (763).

Development and Construction
Development and construction revenues reached NOK 627 million in the fourth
quarter, generated from the projects under construction in South Africa, Brazil,
and Pakistan. The gross margin for the period was 10 percent, and the remaining
non-booked contract value was approximately NOK 7.8 billion.

The project pipeline and backlog are 16.7 GW across renewable technologies, and
86 percent are held in our focus markets. During the quarter Scatec signed a
power purchase agreement for the three solar Grootfontein projects in South
Africa.

Consolidated profit and loss
Scatec’s fourth-quarter consolidated revenues were NOK 993 million (1,039), with
an EBITDA of NOK 689 million (775). The reduction in EBITDA is mainly explained
by lower contribution from JVs and associated companies and increased operating
expenses. The net loss for the quarter was NOK 433 million (136), mainly due to
net financial expenses of NOK 875 million of which interest expenses of NOK 414
million and unrealised currency losses of NOK 461 million.

Dividend
In line with the existing dividend policy, the Board of Directors have resolved
to propose to the Annual General Meeting a dividend of NOK 1.94 per share,
totalling NOK 308 million to be paid in May 2023. Going forward, to support
Scatec’s growth ambitions while retaining the Group’s objective to pay
shareholders dividends, the Board of Directors have further decided to pay 15%
of cash distributions received from operating power plants (down from 25%
previously). The dividend will be assessed annually by the board based on
Scatec’s capital situation.

Scatec’s role on the pathway to net zero
It is a critical time for renewable energy companies, and we have an important
role to play in helping the world achieve its climate targets. Reducing
greenhouse gas emissions to our atmosphere will require investment, innovation,
technology, and a massive cultural shift.

“We believe that emerging markets are essential in this journey, and we create
opportunities for these markets through renewable energy - not only as they work
towards the clean energy transition, but also to boost their economies, create
jobs and meet growing energy needs,” concludes Pilskog.

Additional information
Proportionate historical financial information on a country-by-country level is
attached to the stock exchange notice.

A presentation of the results, followed by a Q&A session will be held at
Scatec’s headquarters at Skøyen Atrium III (1(st) floor), Askekroken 11, 0277
Oslo, today at 09:00 am CET. You can also follow the presentation and Q&A
session from our website, or this direct link: Scatec Webcast Q4 2022
(https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20230203_2).

For further information, please contact:
For analysts and investors: Andreas Austrell, VP IR, phone: +47 974 38 686,
andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)

For media: Meera Bhatia, SVP Communications & Government Affairs, phone:
+47 468 44 959, meera.bhatia@scatec.com
(https://www.globenewswire.com/Tracker?data=j4y2KgaSJpvhkPbOllSJgb2XsHmPNa013DvH
n8q8coUIS8f3m5zuXNBPUpToHechBzeeHMuMYc6-YhONnOKUnuSAipae6BUKEStfHEwA4L8=)

About Scatec?
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our close to 800 passionate
employees and partners who are driven by a common vision of ‘Improving our
Future’. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock
Exchange under the ticker symbol ‘SCATC’.?To learn more, visit?www.scatec.com
(https://scatec.com/)?or connect with us on?LinkedIn
(https://www.linkedin.com/company/scatec).?

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

E24Bot · februar 3, 2023, 6:56am

Kraftig resultatfall for Scatec – Inntektene øker

TekBot · februar 10, 2023, 3:04pm

Scatec successfully places NOK 1,000 million unsecured green bonds, completing refinancing of bridge facility

Oslo, 10 February 2023: Scatec ASA, a leading renewable energy company in
emerging markets, has successfully placed NOK 1,000 million of new senior
unsecured green bonds to refinance the remaining USD 93 million of the bridge
…

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facility established when Scatec acquired SN Power in 2021.

The new bonds have maturity in February 2027 and will have a coupon of 3 months
NIBOR plus 660 bps. The weighted average margin and tenor on Scatec’s group
level debt portfolio including the new bonds are 3.25 percent and 3.5 years
respectively.

“With this bond transaction we have completed the refinancing of the bridge
facility established when Scatec acquired SN Power in 2021. Our growing asset
portfolio is generating solid long-term cash flows and we are pleased to see
continued strong support from our relationship banks and the bond market. We
have furthermore strengthened our balance sheet through the recently announced
asset sale in South Africa and a revised dividend policy. We will remain
disciplined in our approach to new investments and continue to see attractive
growth opportunities in our focus markets,” says Scatec CEO Terje Pilskog.

DNB Markets, Nordea and Sparebank 1 Markets acted as Joint Lead Managers and DNB
Markets and Nordea acted as Green Bond Advisors in connection with the placement
of the new bond issue. See Scatec’s Green Financing Framework
(ESG resources - Scatec) for details.

An application will be made for the bonds to be listed on Oslo Børs.

About Scatec?
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our close to 800 passionate
employees and partners who are driven by a common vision of ‘Improving our
Future’. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock
Exchange under the ticker symbol ‘SCATC’.?To learn more, visit?www.scatec.com
(https://scatec.com/)?or connect with us on?LinkedIn
(https://www.linkedin.com/company/scatec).

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · februar 16, 2023, 3:08pm

Ny rente

Salamis · februar 17, 2023, 1:50am

pleximus83 · februar 22, 2023, 10:47am

TekBot · mars 2, 2023, 7:40am

Scatec ASA: New CFO granted share options

Oslo, 2 March 2023:

Hans Jacob Hegge has started as new CFO in Scatec ASA. In accordance with the
…

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terms of the share-based incentive programme for leading employees, Hans Jakob
Hegge, has been granted 67,516 share options. Each share option gives the right
to subscribe for and be allotted one share in Scatec ASA.

Identical to the strike price of the options granted to leading employees in
Scatec’s long term incentive programme in January, the strike price of the
options is set to NOK 80.25 per share. The options will lapse if not exercised
by 1 January 2027. The option grant is divided into three tranches whereby 1/3
vests each year over three years, with the first tranche vesting 1 January 2024.

Attached is the notification of the transactions in accordance with the Market
Abuse Regulation Article 19.

For further information, please contact:
Andreas Austrell, VP IR, phone: +47 974 38 686, andreas.austrell@scatec.com
(mailto:andreas.austrell@scatec.com)

About Scatec?
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a long-term player, we
develop, build, own and operate renewable energy plants, with 4.6 GW in
operation and under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our close to 800 passionate
employees and partners who are driven by a common vision of ‘Improving our
Future’. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock
Exchange under the ticker symbol ‘SCATC’.?To learn more, visit?www.scatec.com
(https://scatec.com/)?or connect with us on?LinkedIn
(https://www.linkedin.com/company/scatec).?

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities
Trading act.

Kilde

Salamis · mars 8, 2023, 11:57am

18mrd i gjeld. De mangler 2-3 mrd for vekstplanene => selge prosjekter og/eller kjøre storemisjon. 308mill foreslås i utbytte. Minus 417 mill i Q4. Finnes det lyspunkter i det hele tatt?

Bingo123 · mars 8, 2023, 12:03pm

nei, ikke som jeg kan se

Tony1 · mars 12, 2023, 8:38am

Is it possible that the price will go up when the EX-dato date approaches?

rayman · mars 12, 2023, 9:46am

Hvorfor?

Tony1 · mars 12, 2023, 9:52am

may be investors would like to get 2NOK per share in dividends?

rayman · mars 12, 2023, 10:04am

Men du må huske det at Scatec tapte penger q4 2022 og har en enorm gjeld, de må mest sannsynlig hente penger i tillegg… hva gjør så 2kr i utbytte da?

Aristo78 · mars 12, 2023, 10:24am

Scatec mangler 1-2 mrd kr for å nå vekstmålene fram mot 2027 etter at de solgte Upington for 569 mill NOK og reduserte fremtidig utbytte. De har cash til å utføre alt de har i konstruksjon, pluss backlog and moving abit beyond that som de sa på CMD i september. De trenger Mao ikke å foreta emisjon på en god stund, og dette sa de før salget av Upington og redusert fremtidig utbytte. Ut i fra det så tror jeg ikke de trenger noe emisjon før mot slutten av 2024 eller ut i 2025, men det avhenger nok av kursutviklingen, om det er gunstig med emisjon.

Tror ikke kursen vil gå opp pga det nærmer seg ex-dato, men kan hende det bidrar litt til noe oppgang. 1,94 kr er såpass lite, at fallet i kursen på utbetalingsdato knapt vil merkes, mens utbetalt utbytte kan reinvesteres og er alltids kjekt det. Men er nok andre ting som eventuelt får kursen til å gå oppover igjen.

TekBot · mars 16, 2023, 7:02am

SCATC – Disclosure of shareholding and mandatory notification of trade

Oslo, 16 March 2023. Scatec Innovation AS (“Scatec Innovation”), a company closely associated with the chairman of the board and primary insider in Scatec ASA ("Scatec " or the “Company”), John Andersen, Jr., has today sold 5,350,000 shares in Scatec, representing 3.37% of the share capital in the Company, at a price of NOK 61.00 per share (the “Transaction”).

After the Transaction, Scatec Innovation holds 14,132,339 shares in the Company, representing 8.89% of the Company. Scatec Innovation has entered into a 180 day lock-up with the Manager (as defined below) for its remaining shares in the Company after the Transaction.
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“Scatec Innovation is an incubator and investment company focusing on innovation and industrialisation within the fields of renewable energy and advanced materials. While we are a long term investor, we will from time to time monetise our interests in more mature holdings to expand our capacity to invest in and support our earlier stage portfolio companies. Scatec, which we founded in 2007, is, and will remain, a core holding in Scatec Innovation’s portfolio”, said John Andersen, Jr., CEO of Scatec Innovation.

ABG Sundal Collier ASA (the “Manager”) acted as sole financial adviser to Scatec Innovation and as bookrunner in the connection with the Transaction.

This information is subject to the disclosure requirements pursuant to section 5-12 and 4-2 of the Norwegian Securities Trading Act.

Kilde

TekBot · mars 16, 2023, 7:04am

Disclosure of significant shareholding

TekBot · mars 16, 2023, 1:04pm

Scatec ASA: Mandatory notification of trade by primary insider

Bingo123 · mars 16, 2023, 7:16pm

Scatec wins Bonds, Loans & ESG Capital Markets Africa Awards for Egypt Bond and South Africa Renewable Energy Finance Deal.

What an achievement!

We have won this year’s award for the project bond deal of the year for our Benban project in Egypt

USD 334.5 million Fixed and Floating Rate Dual-Tranche non-recourse Green Project Bond.
Financial Partners: MUFG, MIGA, EBRD, U.S. International Development Finance Corporation, FMO - Dutch entrepreneurial development bank, & DEG.
Advisers: Mazghouny & Co, Eversheds Sutherland, Clifford Chance, & Zulficar & Partners Law Firm

And the renewable energy finance deal of the year for the Kenhardt projects in South Africa

The project will be the largest investment in Scatec’s history with a total capex of approximately ZAR 16.4 billion (USD 962 million) to be financed by equity from the owners and ZAR 12.4 billion (USD 727 million) in non-recourse project debt.
Financial Partners: H1 Holdings (Pty) Ltd, British International Investment, Standard Bank South Africa, & Eksfin - Export Finance Norway.
Advisers: Bowmans (Law Firm), & ENSafrica.