Overview

• Strongly positioned in high growth markets and to play a central role in KSA’s energy transition
• #1 in its home and key market, the KSA, and a fundamental piece of the country's energy policy
• Adding value pre- and post-bidding by unlocking technologies and providing a total solution
• Leading market shares in KSA, GCC, Morocco and Jordan with overall win-ratio of 68% in all markets

• Strong ESG framework and credentials
• Focus on low CO2 projects and climate adaptation (e.g. efficient water desalination)
• Rapidly rising share of renewables generation (c. 82% CAGR from 2014 – Jun-21)
• Active in the energy transition with a commitment to no further investments in coal
• KSA Vision 2030 National Renewable Energy Programme

• 100% contracted business model underpinned by long-term and diversified P(W)PAs
• Predominantly 93%+ USD-indexed contracts⁽¹⁾ with investment grade and / or sovereign off-takers
• Average portfolio remaining contracted life of 22 years⁽²⁾ with significant post P(W)PA opportunities
• Distinguished business model supported by a strong investment approach, the "total ACWA Power solution" and a de-risked business profile during the life of the projects
• Price setter and cost leader across all technologies

Noes: (1) Of total project cost. (2) Weighted by project cost. Includes advanced development assets.

• Wholly-owned O&M subsidiary and a key source of value creation
• Stable long-term income and super-senior cash flows
• Centralised model with cutting edge technology adding value across the value chain
• Consistent high standards and culture of safety

• Total return concept offering premium economics across the value chain
• Efficient cycle of investment, portfolio optimisation and operational synergies boost returns
• Strong profitability & cash flow generation
• Efficient capital structure with sustainable parent leverage profile