Corporate Presentation

Dynamic Cables: A Link to the Offshore

Industry through InnovationOffshore Renewable Energy

Dr. Konstantinos Grivas, Design Engineer15/10/2019

22

Contents

Recent references in submarine cables

Offshore Business

2.

3.

Company Presentation1.

Dynamic Cables 4.

33

Cenergy Holdings

Cross-Border merger

Steel

Copper

Cables

Technology R&D

Real Estate

Recycling

Steel Pipes

Aluminum

focus on

energy sector

44

Hellenic Cables S.A. at a Glance

Worldwidesales network

Approved supplierof the largest international

Electric Utilities

Amongst the world largest and

highly advanced Submarine Cable factory

Turnkey Solutionprovider

Sales in morethan

50countries

Majorityof turnover isachieved abroad

annual capacity of

180,000tn

of cables

100+turnkey projects

expansion is fueledby ongoing

CAPEX

€240Million

since2002

55

Long Heritage of Successful GrowthKey Milestones

1950Production of cables by

Viohalco

2003New Thebes cable plant start-up of

HV line

2011Acquisition of

Fulgor

2012-2016€90m

investment for HV

submarine cables

2016New contracts awarded by TenneT, Energinet &

E.ON

Merger into Cenergy

1973Establishment

of Hellenic Cables S.A.

1999Acquisition

of ICMEECAB

2012Interconnection

of islands Thasos & Aegina

2014Cyclades

Interconnection Project (€93m)

1950

Very long history of more than 65 years

2017New Contracts

awarded by Enel and Elia (1st Project

of 220kV with approx. value of

€70m)

66

Wide product RangeMajor Product Groups

Power Cables

◼ High and extra-high voltage cables

◼ Medium voltage cables

◼ Low voltage cables

Submarine Cables

◼ HV & EHV submarine

◼ MV submarine cables

— Paper insulated

— XLPE, EPR insulated

— Composite power

◼ Optical fibre submarine

◼ Umbilicals

◼ Flexible pipes

Telecom Cables

◼ Telecommunication network cables

◼ Optical fibre cables

◼ Data transmission

◼ Signaling, instrumentation and control cables

Enameled Wires

◼ Magnet / enameled wire for transformers

◼ Magnet / enameled wire for motors

◼ Al and Cu round and flat magnet wires

Established Relationships and Solid Track Record with Blue Chip Customers

Markets

◼ 3G/4G/5G mobile networks

◼ FTTH networks

◼ Railways

◼ Oil & gas

Markets

◼ Motor and electric

◼ Electronic information

◼ Household appliances

Markets

◼ Renewable energy

◼ Power transmission & distribution

◼ Oil & gas

Markets

◼ Power transmission & distribution

◼ Construction and infrastructure

◼ Renewable energy

Utilities Trade & Installers Industrial

69%

53%

17%

37%

Hellenic Cables serves blue chip customers across a range of attractive and growing end-markets including electricity distribution, construction, renewables and telecommunications

77

Production Facilities

Hellenic Cables operates six production plants, of which four in Greece, one in Romania and one in Bulgaria

◼ Capabilities: wooden packaging products (pads, reels, pallets, packing cases), including wooden spools

◼ Capacity: 16,500 m3

◼ Employees: 70◼ Area: 25,000 m2

LESCO

ICME ECAB

◼ Capabilities— Power cables— Telecommunication

cables◼ Capacity: 60,000 tons◼ Employees: 600◼ Area: 268,000 m2 land /

70,000 m2 industrial complex

Fulgor

◼ Capabilities—MV/HV submarine cables,

LV/MV/HV power cables, fibre optic submarine

◼ Capacity: c. 60,000 tons of cables and c.120,000 tons of wire rod

◼ Area: 218,247 m2 land / 80,048 m2

building facilities◼ Production personnel: 350◼ Docking facilities for loading

submarine cables onto cable laying vessels

Livadia

◼ Capabilities: Cu and Al round and flat

◼ Capacity: 12,000 tons◼ Area: 121,818m2 land /

14,048m2 industrial complex◼ Production personnel: 50

Thiva

◼ Capabilities— LV/MV/HV power cables— Fibre optic cables

◼ Capacity: 60,000 tons◼ Area: 175,082 m2 land / 44,408m2

industrial complex◼ Production personnel: 245

Oinofyta

◼ Capabilities— PVC compounds—Rubber compounds

◼ Capacity: 20,000 tons◼ Area: 21,263m2 land / 6,444m2

industrial complex◼ Production personnel: 30

88

Offshore BusinessMarket Outlook

a) Wind Turbines

b) Inter-array subsea cables (MVAC)

c) Export cables (HV AC or DC)

d) Power transformer

e) Power converter

f) Vertical Wind Turbine

g) Substations

Offshore Wind

99

Offshore BusinessGlobal Offshore Wind - Mature & Emerging Markets

US: 2018-2030 plans

Source: Wind Europe Annual Outlook 2018, Supply Chain Contracting Forecast for U.S. Offshore Wind Power White Paper 2019

US: 2018-2030 plans

1010

Offshore BusinessPositioning Offshore: From Local to Global player

10

Greece / SEE:Home market

North Sea:Established

N. America / SE Asia:Emerging markets

1111

Offshore BusinessSolidifying our position in the market - Among industry leaders

Source: Credit Suisse Equity research, May 2019

“Submarine Cable market shares in 2018. Hellenic Cables appeared to win a greater share

than we had seen historically.”

36%

46%

51%

13%

23%

17%

6%

1%

2018

4%

2011-17

3%JDR

Prysmian

Hellenic Cables

Nexans

NKT+ABB

Offshore wind connection market shares

“Biggest offshore windfarm in North Sea will generate electricity

for 4.5m homes”

“The largest offshore wind turbines ever built

will begin powering millions of British homes

using blades more than 100 meters long by the

early 2020s”The Guardian

1212

Dynamic CablesIAC (up to 72.5kV) and Export ( > 72,5kV)

Larger and more powerful floating wind turbines (+12MW) are expected to be installed in the next few

years.

1313

Dynamic CablesIAC (up to 72.5kV) and Export ( > 72,5kV)

1414

Dynamic CablesIAC (up to 72.5kV) and Export ( > 72,5kV)

1515

Dynamic CablesIAC (up to 72.5kV) and Export ( > 72,5kV)

1616

Dynamic CablesIAC (up to 72.5kV) and Export ( > 72,5kV)

Buoyancy system

Platform

220 kV Export Cables

Inter-array cables Anchors

1717

Dynamic CablesResearch projects

Project Specifications

Postdoctoral Research

Project

66kV Inter-array Dynamic Cable to

undergo mechanical / fatigue tests at the

University of Exeter

Carbon TrustDesign and Testing submarine power

cores for Dynamic 220kV Export Cables

FLOTANT – HORIZON

2020

Design of innovative low weight and

low cost Dynamic Cable with

alternative armor design

Hellenic Cables presence in Dynamic Cables:

1818

Dynamic CablesResearch projects

The project involves the modelling and fatigue testing of a

66kV Dynamic 3-core power cable in collaboration with

the College of Engineering, Mathematics and Physical

Sciences of the University of Exeter.

❖ Global analysis – Aero-elastic & Hydrodynamicmodelling (OC4 semi-submersible platform - 5MWNREL wind turbine)

❖ Local load analysis / Fatigue analysis

❖ Cable production

❖ Fatigue testing (@DMaC test rig)

Certification of a

66kV Dynamic Cable

1919

Dynamic CablesResearch projects

❖ Detailed 220 kV Dynamic Export Cable design.

❖ Detailed ULS and FLS analysis to approximate themechanical performance.

❖ Manufacturing of the core of the proposed cable

❖ Performance of fatigue testing on separate cable coreslengths.

❖ Cost estimation regarding the commercial supply of thedynamic cable.

❖ Description of suitable accessories (repair joint,transition joint, hang off etc.).

2020

Dynamic CablesResearch projects

FLOTANT project proposes to develop an innovative unit

optimized to sustain a typical 10+MW wind turbine

generator (WTG) in deep waters (100-600m), integrated by

an anchoring system, a mooring system, a floater with its

mast and a power export system, including a design for a

deep-water substation, and O&M strategies, sensoring and

monitoring.

✔ Aluminium conductor ✘ Copper conductor

✔ Synthetic armour braid ✘ Steel armour

H2020-LC-SC3-2018

41

The future is here . . . !

41

Thank you!

Questions – Discussion