Wiesbaden, June 2020

Successful Pioneer in a Growing Market

2

1. Company

2. Market Environment

3. Position and Strategy

4. Financial Figures and Outlook

Content

3

1. Company

Professionals in Renewables: Planning & Technology for Wind & Solar

▪ Founded in 1996; currently more than 600 employees

▪ Owner-managed: Families of two founders/Managing Directors hold majority of shares

▪ Strong management with four Managing Directors and 15 General Managers

▪ Headquarter in Wiesbaden, 23 office locations worldwide, 9 of them in Germany

▪ Core business is project development and construction of wind and solar parks

▪ To date, a good 3,000 megawatts of wind and solar power developed and sold - half

of which was built turnkey

▪ Investment volume of these projects amounts to around four billion euros

▪ Pipeline of more than 12,000 megawatts under development, in Europe as well as

South America, North America and Africa

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1. Company

Value-Added Chain

Site

AcquisitionDevelopment Financing Construction Sales Services

Site

identification

Land lease

agreements

Site appraisal

(flora, fauna,

immissions)

Analysis of wind

conditions

Selection of

plant

Obtaining of

permits

Profitability

calculations

Securing of

remuneration

Project financing

Grid connection

Infrastructure

Construction

Management

Commissioning

Sales

Institutional

investors

Citizen

participation

Service/

Maintenance

Operational

Management

Technical

Assessment

Products

(e.g. ABO Lock)

Project development and construction (depending on the country ≈ 3-5 years) Operations

(≈ 20 years)

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1. Company

Sold Turnkey- and Ready-to-Build-Projects

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2. Market Environment

Era of Renewable Energies Has Just Begun

▪ Wind and/or solar are most economic options for new capacities worldwide

▪ 70 percent of newly built power plants use renewable energies

▪ International Energy Agency (IEA) expects that in 2040 four times as much wind

energy and ten times as much solar power as today will be produced worldwide

▪

Historical development

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International Orientation: Project Development in 16 Countries

3. Position and Strategy

Canada

Argentina

Finland

United Kingdom

Netherlands

Spain

Germany

France

Tanzania

Tunisia

Greece

Hungary

South Africa

Ireland

Colombia

Poland

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3. Position and Strategy

Long-Standing Presence in Many Markets

▪ Half of new business is solar; solar is expected to generate one third of revenues in

the future

▪ Services (maintenance, operational management, products) complement core

business

▪ Work on storage and hybrid energy systems opens up future business opportunities

▪ 2019 fourth year in a row with a net profit of more than ten million euros

▪ In terms of earnings before interest and taxes (EBIT), the series has already held up for

six years

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3. Position and Strategy

Large Portfolio of Wind and Solar Parks under Development

▪ Growing internationalisation

– number of markets has

doubled since 2015

▪ Three quarters of revenues

expected to be earned

outside Germany in the

medium term

▪ Balanced country portfolio

comprising established and

promising markets

Phase I: Land secured, permit in progress

Phase II: Permit achieved, construction

stage in progress

Phase III: Realisation/construction

Country Phase I Phase II Phase III Total

Germany 1,060 30 50 1,140

France 1,200 50 50 1,300

Finland 1,900 160 2,060

Ireland 180 45 225

Spain 800 600 1,400

Greece 700 38 738

Poland 40 40

United Kingdom 200 20 220

Argentina 800 800 1,600

Columbia 400 400

Canada 500 500

South Africa 1,400 600 2,000

Tanzania 300 300

Tunisia 80 50 130

Total in megawatts 9,520 2,395 138 12,053

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4. Financial Figures and Outlook

Development of Result

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4. Financial Figures and Outlook

Financial Figures per Share

(EUR) 2015 2016 2017 2018 2019

EBITDA 2,63 4,50 4,94 4,24 3,43

Net Profit 1,02 2,16 2,22 1,67 1,41

Dividend 0,25 0,50 0,40 0,42 n.a.

Book value (as at 31.12.) 6,8 8,7 10,4 11,64 12,83

Share price (as at 31.12.) 6,9 7,4 12,0 13,80 17,30

Price-earnings ratio (as at 31.12) 6,8 3,4 5,4 8,28 12,27

Balance Sheet

(EUR million) 2015 2016 2017 2018 2019

Total assets 125,4 146,6 174,0 194,0 242,8

Equity 52,0 66,7 79,6 89,0 103,6

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4. Financial Figures and Outlook

20,2

34,4

37,7

33,1

28

32

45

2015 2016 2017 2018 2019 2020 2021

Devolopment EBITDA – Historical and Forecasted

In Million Euro, figures 2019 to 2021 according Metzler Research

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4. Financial Figures and Outlook

Strong project developer with dynamic growth

▪ Further profit growth is on the horizon

▪ New markets and solar spark dynamic development

▪ In the medium term (from around 2024 onwards) we expect net profits of 20 million

euros on average

▪ Emission of convertible bonds in 2019 and raise of capital in January 2020 resulted in

a EUR 13.2 million increase in equity

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Alexander Koffka

General Manager

Responsible for Public and Investor Affairs

Phone: +49 (0) 611 – 26 76 55 15

alexander.koffka@abo-wind.de

Thank you. Do you have any questions?

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

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