Half Year Results

July 2022

For Professional Investors Only

H1 2022 Highlights

Strong cash generation

£328.8m

Net cash generation

Power generation 1% above budget

2,175GWh

Power generation

High power prices

£176.05/MWh

Average day ahead power price, N2EX

Dividend in line with full year target and dividend cover of 3.8x

£89.5m / 3.86p per share

Dividends declared with respect to the period

£49.6m investment made in the Twentyshilling (37.8MW)

1,460MW

Generating capacity

Agreed to acquire a net 12.5% of Hornsea 1 with completion expected in Q3 2022

150MW / £400m equity + £700m debt

Generating capacity increase in Q3

Further £18.2m invested into Kype Muir Extension with commissioning expected in Q4 2022

34MW

Generating capacity increase in Q4

£900m total debt (all fixed rate term debt) with £600m RCF undrawn

20%

Gearing (percentage of GAV)

NAV increased by 20.1p

£3,559.7m / 153.6p per share

Net Asset Value

Market capitalisation

£3.6bn

Market capitalisation

Continued delivery of simple, low risk and proven strategy

2

Note: all numbers to or at 30 June 2022

Simple Model

Equity

Total

Debt

reinvestment

£511m

6-44(1) wind

Generating capacity increased

farms

from 127 to 1,460MW(1) since IPO

16.6TWh

Total power produced

£1,207m

Total cash generated

£696m Total dividends paid or declared

"6p dividend, increasing with RPI inflation and real NAV preservation''

Note: (1) from IPO to 30 June 2022

3

Operational and Financial Performance

Financial Performance

5

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Greencoat UK Wind plc published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 06:17:04 UTC.