Eolus Vind AB Interim Report 1 April-30 June 2022

Hässleholm August 30, 2022

1 April-30 June 2022

• Net sales amounted to 1 448 (673) MSEK.
• EBIT amounted to 220 (8) MSEK. Profit before tax amounted to 221 (-4) MSEK.
• Net profit amounted to 225 (-2) MSEK, of which 103 MSEK is attributable to Eolus's shareholders after reduction of the minority stakeholders' part.
• Earnings per share, before and after dilution equaled 4.12 (-0.06) SEK.
• During the period, energy facilities with a total installed capacity of 0 (47) MW were taken into operations and handed over to customer.
• At the end of the period Eolus had 912 (921) MW under asset management.

1 January-30 June 2022

• Net sales amounted to 1 880 (915) MSEK.
• EBIT amounted to 62 (-21) MSEK. Profit before tax amounted to 62 (-25) MSEK.
• Net profit amounted to 87 (-18) MSEK, of which -36 MSEK is attributable to Eolus's shareholders after reduction of the minority stakeholders' part.
• Earnings per share, before and after dilution equaled -1.43 (-0.74) SEK.
• During the period, energy facilities with a total installed capacity of 0 (47) MW were taken into operations and handed over to customer.
• At the end of the period Eolus had 912 (921) MW under asset management.

Significant events during the period

• On April 15, Eolus and Hydro REIN signed an agreement with MEAG for the sale of 75% in the wind power project Stor-Skälsjön in Sweden. On June 14, MEAG took possession of 75% of the shares in the project company
• Further delay of the Öyfjellet project was communicated.
• Eolus signed an agreement with DalaVind to expand its participating interest in the Fageråsen wind power project In Sweden to 49%.

Significant events after the balance sheet date

• Eolus secured funding of SEK 1,500 million by signing credit facilites with Swedbank totaling SEK 1,200 million and increasing its credit agreement with the Swedish Export Credit Corporation to SEK 300 million.
• From September 1, Eolus will expand Group Management with Michiel Messing, Head of Delivery & Construction, and Heléne Sebrén, Head of HR. On the same day, Magnus Axelsson takes office as new COO and member of Group Management.

Financial summary		Q2	Q2	6 months	6 months	Rolling 12	Full year
	Unit	2022	2021	2022	2021	jul-jun	2021
Net sales	MSEK	1 448	673	1 880	915	3 579	2 614
EBIT	MSEK	220	8	62	-21	58	-25
Profit before tax	MSEK	221	-4	62	-25	48	-40
Net profit	MSEK	225	-2	87	-18	82	-24
Earnings per share before and after dilution	SEK	4,12	-0,06	-1,43	-0,74	-1,44	-0,74
Equity per share	SEK	37,87	39,14	37,87	39,14	37,87	39,50
Cashflow from operating activities	MSEK	315	367	152	316	-261	-97
Total assets	MSEK	1 844	1 805	1 844	1 805	1 844	1 885
Net debt - /net cash +	MSEK	598	563	598	563	598	439
Order backlog	MSEK	699	4 359	699	4 359	699	1 793
Project under construction	MW	786	477	786	477	786	737
Taken into operation and handed over to customer	MW	0	47	0	47	0	47
Project portfolio	MW	17 428	9 000	17 428	9 000	17 428	13 823
Managed turbines	MW	912	921	912	921	912	914
Equity/assets ratio	%	54	54	54	54	54	67
Return on equity after tax	%	neg	3,7	neg	3,7	neg	neg

Presentation of the report
At 10:00 today, CEO Per Witalisson and CFO Catharina Persson will present the report via a webcast with telephone coneference.

Link to webcast:
https://tv.streamfabriken.com/eolus-q2-2022

Conference call:
From Sweden: [phone]
From United Kingdom: [phone]
From the United States: [phone]

This information is of such a kind that Eolus Vind AB (publ) is legally required to disclose pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication through the agency of Head of Communications and Sustainability Karin Wittsell Heydl on August 30, 2022, at 8:30 a.m. CEST.

For further information, contact:
Per Witalisson, CEO, [phone]
Catharina Persson, CFO, [phone]
Karin Wittsell Heydl, Head of Communications and Sustainability, [phone]

About Eolus:
Since the company's inception thirty years ago, Eolus has grown to become one of the leading developers of renewable energy in the Nordic region. Today, we develop, establish, and manage renewable energy projects in onshore and offshore wind power, solar power and energy storage. Eolus offers attractive and competitive investment opportunities in the Nordic region, the US, Poland and the. With our competent and dedicated staff, we are taking the company forward at a rapid pace and driving the transition to renewable electricity generation. Founded in 1990, Eolus has constructed 666 wind turbines with a capacity of 1,414 MW. Eolus has signed contracts for about 1,580 MW of asset management services of which 912 MW are in operation.

Eolus's Class B share is traded on Nasdaq Stockholm Mid Cap. www.eolusvind.com