Producing Low Carbon Energy for the Future. sonnedix S O L A R P O W E R P R O D U C E R

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1 Sonnedix Producing Low Carbon Energy for the Future sonnedix S O L A R P O W E R P R O D U C E R

2 Front cover. Chiang Rai 9.5MW, Thailand 1. Romilly 7.5MW, France 2. Ottobiano 4.3MW, Italy 3. Nakhon Ratchasima 7.5MW, Thailand 4. Toul MW, France sonnedix S O L A R P O W E R P R O D U C E R

3 Sonnedix is an Independent Solar Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. We own 27 solar power plants at various stages of maturity in key markets with control of 376MW of production capacity and are dedicated to continuously expanding our global operations. Using the best available technology allows us to responsibly maximize our renewable generation and ensures the sustainability and longevity of our solar PV plants located throughout the world. Contents Company mission 1 Company overview 2 Projects overview 4 What we do 6 Twofold strategy 8 Sustainability and social responsibility 10 Board of Directors 12 Notice to recipients This document may include certain forward-looking statements and projections provided by the Company. Any such statements and projections reflect various estimates and assumptions by the Company concerning anticipated results. No representations or warranties are made by the Company as to the accuracy of any such forward-looking statements or projections. Whether or not any such forward-looking statements or projections are in fact achieved will depend upon future events some of which are not within the control of the Company. Accordingly, actual results may vary from the projected results and such variations may be material. Soria 1.4MW, Spain. 1

4 Dinard Romilly Toul 3 Company overview As of December 2013, Sonnedix has solar power plants in operation, under construction or permitting in 7 countries on 4 continents: Spain, Italy, France, Thailand, Japan, USA/Puerto Rico and South Africa. In addition Sonnedix is evaluating development and acquisition opportunities in current and selected new geographic markets, such as Chile and Mexico. Oriana Fajardo Yabucoa Salinas France Spain Italy St Martin Bordeaux Aude Soria Pinos Puente Les Mées Iguaçu Istres Ottobiano Lazio Abruzzo Vittoria Japan Thailand Hokuto B Hokuto A Mexico USA/ Puerto Rico Prieska Chiang Rai Nirasaki Nakhon Ratchasima Minburi Oita Operational/mechanically complete: 101.3MW Under construction and documentation: 274.3MW Chile New market opportunities South Africa France 64.6MW Italy 17.4MW Spain 2.3MW Japan 41.0MW USA/Puerto Rico 144.1MW Toul 3 Total capacity: 24.0MW Operational since: August 2012 Istres Total capacity: 11.5MW Operational since: September 2012 St Martin Total capacity: 12.0MW Operational since: September 2012 Les Mées Total capacity: 2.3MW Operational since: July 2012 Bordeaux Total capacity: 0.9MW Operational since: December 2011 Dinard Total capacity: 0.8MW Operational since: January 2011 Lazio Total capacity: 6.0MW Operational since: August 2011 Abruzzo Total capacity: 5.2MW Operational since: August 2011 Ottobiano Total capacity: 4.3MW Operational since: July 2010 Soria Total capacity: 1.4MW Operational since: April 2011 Pinos Puente Total capacity: 0.9MW Operational since: April 2010 Thailand 20.0MW Oita Total capacity: 34.5MW Hokuto A Total capacity: 2.4MW Hokuto B Total capacity: 2.2MW Nirasaki Total capacity: 1.9MW Oriana Total capacity: 64.1MW Salinas Total capacity: 16.0MW Fajardo Total capacity: 32.0MW Yabucoa Total capacity: 32.0MW Romilly Total capacity: 7.5MW Operational since: July 2011 Aude Total capacity: 5.4MW Operational since: February 2011 Iguaçu Total capacity: 0.2MW Operational since: September 2011 Vittoria Total capacity: 1.9MW Operational since: May 2011 Nakhon Ratchasima Total capacity: 7.5MW Operational since: March 2012 Chiang Rai Total capacity: 9.5MW Operational since: March 2013 South Africa Prieska Total capacity: 86.2MW 86.2MW Minburi Total capacity: 3.0MW 2 3

5 Projects overview Sonnedix currently has solar photovoltaic power plants in operation, under construction or in the final phases of permitting as well as binding commitments of several hundred MWs of land lease options with dedicated connection points. Effectively deploying financial resources and working with qualified technical partners and industry leading construction practices, Sonnedix will be operating a fleet of solar power plants in the hundreds of MWs around the world in the near future, generating electricity without the need for fossil fuels and driving a cleaner economy into the 21st Century. 27 Solar power plants 376 MW of controlled capacity 101 MW of operating capacity Operating capacity (MW) Controlled capacity (MW) 20.0MW 17.4MW 2.3MW 41.0MW 64.6MW 376 MW 144.1MW 86.2MW 2.6 Dec Dec Dec Dec 13 (e) USA/Puerto Rico South Africa France Japan Thailand Italy Spain 4 Les Mées 2.3MW, France. 5

6 What we do We leverage our strong relationships with partners in utility, equipment, EPC, O&M and financing, as well as experienced and reputable consultants and advisors. Our objective is to generate clean solar electricity, focussing on the most secure portion of the solar PV value chain: power plant development, financing, construction and asset management. PPA Secure long term Power Purchase Agreements ( PPAs ) Interconnection Ensure the solar plant can be connected to the energy grid Location Identify and secure suitable land/rooftop Permitting Obtain necessary permits for plant construction Development We identify and secure suitable sites/ rooftops through purchase or long term leases in sun abundant geographies with supportive regulatory regimes. We are working with selected local teams and developers to secure long term PPAs, merchant power opportunities or tariff incentives with reputable and credit worthy off-takers. Design Select equipment and Engineering, Procurement and Construction ( EPC ) partner Project Finance Secure non-recourse financing Financing & Construction Our technical and commercial teams optimise the design, equipment selection with life-of-plant warranties in place and contractor choice for the construction of solar PV plants to achieve attractive non-recourse financing. Our tight construction supervision combined with fixed-price, time limited, turnkey EPC contracts guarantees timely completion of our solar PV plants. Construction EPC contractor builds the solar plant under a fixed-price, time limited, turnkey contract Operations Optimise plant performance leveraging Operations and Maintenance ( O&M ) partners Loan Compliance Ensure compliance with financial and non-financial covenants Asset Management We outsource the day-to-day running of the solar PV plants to experienced and financially strong Operations and Maintenance ( O&M ) providers which guarantee plant availability and performance ratio. Our experienced in-house Asset Management team drives performance through real-time monitoring and issue detection, pro-active management of the O&M providers and issue resolution whilst ensuring compliance with loan covenants. 6 Lazio 6.0MW, Italy construction. 7

7 Twofold strategy Sonnedix aims to provide sustainable growth and create value by leveraging its strong capitalization and sponsorship, investing in high-quality assets with predictable cash flows and continuously building and executing upon a pipeline of new projects and M&A opportunities. Sustainable growth Predictable cash flows High quality portfolio of assets Prudent capital structure Highly experienced management team Value creation Projects under development Project pipeline M&A opportunities Grid parity and solar PV sector growth Strong capitalization and sponsorship 8 Abruzzo 5.2MW, Italy. 9

8 Sustainability and social responsibility Building a sustainable business with a long term focus is a critical component of our strategy. We believe that assuming responsibility for the environment and the communities we operate in is strongly linked to the Company s success. Sonnedix is ideally positioned to benefit from climate-driven changes in environmental policies and regulations. We hold the firm belief that the potential of the solar power sector is vast and that the future is a world where the price of solar generated electricity will almost always be cheaper than that of energy generated using fossil fuels. At our plants around the world we aim to create employment opportunities for the local communities during the construction period and beyond. In addition to our core business activity of producing clean, emission free electricity, we are giving back to our communities through community investment programmes and the direct efforts of our employees. Sustainability and social responsibility Building a sustainable business with a long term focus is a critical component of our strategy. We believe that assuming responsibility for the environment and the communities we operate in is strongly linked to the Company s success. Sonnedix is committed to building a renewable energy company with a long term focus and is ideally positioned to benefit from changes in environmental policy and regulation reacting to climate change. We hold the firm belief that the potential of the solar power sector is vast and that the future is a world where the price of solar generated electricity will ultimately almost always be cheaper than that of energy generated by fossil fuels. At our plants around the world we aim to create employment opportunities for the local communities during the construction period and beyond. In addition to our core business activity of producing clean, emission free electricity, we are giving back to our communities by donating and installing small scale PV solar power plants at selected schools. 10 Chiang Rai 9.5MW, Thailand. 11

9 Board of Directors Andreas Mustad Director and Chief Executive Officer Carlos Guinand Director and Chairman Franck Constant Director and President Pablo Pulido Director John Giraudo Director Michael Munemann Director Istres 11.5 MW, France. Management Our offices Andreas Mustad Chief Executive Officer Axel Thiemann Chief Operating Officer Markus Ganterer Group Controller Kenneth Dubbin Senior VP Finance Luis Laguna Head of M&A Franck Constant Regional Managing Director Asia Maurizio Grassi Regional Managing Director Puerto Rico (USA) Sean O Day Development Director US Olivier Renon Country Manager South Africa France 5 Rue de la Roberdiere, Rennes Thailand 23/30 Sorachai Bldg., 14/F Sukhomvit Soi 63, Klangton-nua, Wattana, Bangkok, Italy Via De Sonnaz , Torino TO USA 1200 Brickell Ave, Suite 450 Miami, FL Ponce de Leon Ave. The Hato Rey Center Suite 1121, San Juan, PR Netherlands Prins Bernhardplein 200; 1097 JB, Amsterdam Japan Japanese operator: Nippon Solar Services GK 1 7th Fl., Burex Toranomon Bldg., Toranomon, Minato-ku, Tokyo United Kingdom 57a Great Suffolk Street, 3rd Floor, London, SE1 0BB South Africa Execujet Business Centre Tower Road, International Airport Cape Town, In Japan Sonnedix is making investments in projects that are managed by Nippon Solar Services GK, a trusted Japanese operator. enquiries@sonnedix.com 13

10 14 Soria 1.4MW, Spain. December 2013

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