NextEnergy Solar Fund (NESF) interim results presentation - November 2021

Michael Bonte-Friedheim, CEO and Founder of NextEnergy Capital and Ross Grier, Managing Director of NextEnergy Capital present NextEnergy Solar Fund’s interim results for the period ended 30 September 2021, to analysts and investors. Michael Bonte-Friedheim, Group CEO 00:16 – Introduction 02:20 – NESF: a brief overview 02:56 – Financial highlights 05:39 – Key period highlights 07:12 – Period performance Ross Grier, Managing Director 08:04 – Portfolio growth Michael Bonte-Friedheim 10:16 – Nav bridge 10:44 – Portfolio bridge Ross Grier 12:23 – Nav sensitivities 14:30 – Optimised capital structure 15:23 – Ordinary share dividends 15:57 – Forecast power prices 17:10 – Protecting future cash flows 20:17 – ESG 21:20 – Strategic forward focus Michael Bonte-Friedheim 22:40 – NESF going forward 23:48 – Q&A 38:02 – Closing remarks NextEnergy Solar Fund Limited is a closed-ended investment company. The Company's principal activities and investment objectives are to provide investors with a sustainable and attractive dividend that increases in line with retail price index over the long-term by investing in a portfolio of solar photovoltaic (PV) assets that are located in the United Kingdom. It seeks to provide investors with an element of capital growth through the reinvestment of net cash generated in excess of the target dividend in accordance with its investment policy. Its portfolio includes over 94 solar PV plants that are located across approximately 20 different counties of England and Wales. In addition, the portfolio is diversified across over 20 non-connected contractors, approximately 10 different Tier 1 solar panel manufacturers and over nine Tier 1 inverter manufacturers. NextEnergy Capital IM Limited is the investment manager and NextEnergy Capital Limited is the investment advisor of the Company.