COMPANY PRESENTATION RAMBOLL ENERGY

COMPANY PRESENTATION RAMBOLL ENERGY

FROM 2 TO 10,000 Founded in 1945 by two Danish engineers, B.J. Rambøll and J. G. Hannemann Now: leading engineering, design and consultancy company employing close to 10,000 dedicated specialists The Nordic region s leading consultancy and Europe s fourth largest consultancy Multi-disciplinary activities ranging from sustainable energy to structural engineering Owned by foundation - providing stability and instilling the highest ethical standards

LOCAL PARTNER GLOBAL KNOWLEDGE Outside Europe Ramboll has a significant presence in India, Russia and the Middle East With more than 200 offices in 19 countries we emphasise local experience combined with a global knowledge base 3

GLOBAL CHALLENGES - HOLISTIC SOLUTIONS The world faces far-reaching megatrends such as climate change and urbanisation that require global solutions. Ramboll is meeting these challenges by integrating local experience with global multidisciplinary expertise We strive to be at the forefront of delivering solutions make a genuine difference to our customers, the environment and society as a whole.

ENGINEERING, DESIGN AND CONSULTANCY Ramboll works across six Markets: Buildings Transport Energy Environment Oil & Gas Management Consulting

RAMBOLL HAS SATISFIED CLIENTS

AN EXCITING PLACE TO WORK A key factor in boosting job satisfaction is the feeling of making a difference Employee Satisfaction Index in 2012 is 3.9 (5.0 is highest) Access to international competence networks in Ramboll Group and Ramboll Energy e.g. Airports, Bridges, Ports, Hospitals, Railways, Tunnels, Fire Engineering, Roads & Highways, Offshore Wind, Waste-to-Energy and thermal engineering Clear career paths for all employees in Ramboll. Ongoing professional development 7

FINANCIAL RESULTS RAMBOLL GROUP 2011 Revenue increased by 13 per cent to DKK 6.9 billion Profit before tax increased by 7 per cent to DKK 295 million Number of employees grew by more than 550 to 9,521 Growth: Organic 8 per cent, growth from acquisitions 4 per cent EBITA: DKK 356 million EBITA margin: 5.2 per cent (6.5 percent in 2010) Order book increased by 15 per cent to DKK 3.2 billion

RAMBOLL ENERGY

RAMBOLL ENERGY A BUSINESS UNIT IN THE RAMBOLL GROUP Ramboll has more than 1500 energy experts working with energy strategies and planning, production, transmission, distribution and consumption

Image size: 7,94 cm x 25,4 cm RAMBOLL ENERGY Global market leader in Waste-to- Energy, Offshore Wind and District Heating Scandinavian market leader in Power, Bioenergy and Solar thermal Denmark, Sweden, Norway, the UK, Germany, Switzerland, Poland and the USA

ORGANISATION RAMBOLL ENERGY Managing Director Thomas Rand Executive Director Peter Heymann Andersen CORPORATE SUPPORT FUNCTIONS SERVICES & COORDINATORS COUNTRY UNITS & COUNTRY MANAGERS Energy planning & production (Lars E.H. Larsen) District heating (Pernille Overbye and Søren Ørsted) CHP (Pernille Overbye and Søren Ørsted) Biomass (Lars E.H. Larsen) Biogas generation (Lars E.H. Larsen) Biogas distribution (Per Nilsson) Solar energy (Flemming Ulbjerg) Geothermal energy (Anders Møller) Hydro power (Tomas Eriksson) Energy efficiency (Lars E.H. Larsen) Power transmission (Anders Eidensten) DENMARK Lars E.H. Larsen (acting) SWEDEN Anders Eidensten NORWAY Per Ove Skorpen UNITED KINGDOM Crispin Matson USA Thomas Rand POLAND Krzysztof Jaworski BRANCH OFFICES & OFFICE MANAGERS GERMANY Tim Fischer IMS, GERMANY Peter Ruland SWITZERLAND Martin Brunner INDIA Sandeep Mirmire GLOBAL DIVISIONS & GLOBAL DIVISION DIRECTORS POWER Peter Heymann Andersen WIND Klaus Jacob Jensen WASTE-TO-ENERGY Nils Christian Holm

THE ENERGY SYSTEM

SERVICE AREAS Energy strategy and planning Energy production Waste-to-energy Onshore and offshore wind Thermal power Biomass Biogas generation Solar energy Hydro, tidal and wave power Geothermal energy CHP Energy transmission and distribution District heating and cooling Biogas distribution Image size: 5,43 cm x 5,11 cm Image size: 5,43 cm x 5,11 cm Image size: 5,43 cm x 5,11 cm Image size: 5,43 cm x 5,11 cm

FULL-RANGE SERVICE CONCEPT Idea creation Project implementation Investigations New concepts/ technology/setup Project definition/ development Planning of national/ regional energy systems 15

ONE-STOP CONSULTING Planning Risk assessment O&M Project development Civils Commissioning One-stopshop consulting Procurement Management Supervision Design EIA

OUR VISION Among the many prerequisites for fulfilling our vision are: Growth Geographical expansion Widening of capabilities Expansion of services Technical and commercial excellence VISION The leading European energy consultancy Undisputed leading Nordic energy consultancy Streamlining of services Strong management Cross-border collaboration Branding

GROWTH IN RAMBOLL ENERGY, 2010-2012 600 500 Since 1 January 2010 growth: +138% Since 1 January 2011 growth: +79% 400 300 200 100 0 Jan 2010 Jan 2011 Jan 2012 Dec Nov 2012 2012 18

ACQUISITIONS On 1 April 2011 we acquired 110 thermal power specialists from DONG Energy s engineering division On 1 November 2011 we acquired ELSAMPROJEKT Polska, whose 30 employees became part of our Power division

RAMBOLL ENERGY, SELECTED CLIENTS 20

OFFSHORE WIND More than half of the world s offshore wind turbines rise from foundations designed by Ramboll.

WASTE-TO-ENERGY Ramboll has been responsible for the planning, design, tendering, construction management and commissioning of more than 70 new waste-to-energy units and retrofits of existing waste-toenergy facilities in 30 countries around the world.

POWER Today, 85 per cent of the world s energy consumption comes from fossil fuels. The global challenge is to ensure that new and existing power plants are as environmentally sustainable and energy efficient as possible. Ramboll has designed and constructed more than 90 major power plants and been instrumental in the ongoing conversion from fossil fuels to biomass.

DISTRICT HEATING Ramboll has 40 years of experience as lead consultants to the most sophisticated district heating network in the world, namely the one in Copenhagen, which supplies heat to more than 1 million people. When working with our international clients we use Copenhagen as inspiration and a model for other district heating projects.

SOLAR HEATING Ramboll has been involved in more than 200,000 m 2 solar heating plants, covering more than 20 different projects, including 7 out of the 8 largest facilities in the world.

BIOENERGY Ramboll has a large technical resource combining considerable experience in bioenergy solutions, including the use of biomass for energy production and biogas production, upgrade, handling and use.

POWER TRANSMISSION Ramboll has approx. 40 high voltage experts in rotating machinery (generators etc.), transformers, switchyards, substations, relay protection, automation and control, reserve power, and inspection visits. Special competences Substations: Quality and security of supply, transformers, relay protection, reserve power, inspection visits. Power transmission, 0,4-400kV: Grid calculation and analysis, selectivity plans, control stations, relay protection, feasibility studies.

SELECTED PROJECT REFERENCES

OFFSHORE WIND CAPE WIND, MASSACHUSETTS, USA First US offshore wind farm Detailed design of foundations for 130 turbines (468 MW) to be constructed on Nantucket Sound off the coast of Cape Cod, Massachusetts. Expected to be operational by 2015.

OFFSHORE WIND DOGGER BANK, UK Detailed foundation design The largest planned offshore wind farm in the world (total area: 8,660 km 2 ). Part of the Round 3 project in the UK. High wind speeds and harsh wave climate will require novel and challenging design.

OFFSHORE WIND GWYNT Y MÔR, UK Detailed foundation design Located in the Liverpool Bay area of the Irish Sea, approximately 13 to 20 km off the coast of North Wales Comprises 160 wind turbine generator foundations having a production capacity of 576MW. Water depths ranging from 13 to 28m.

WASTE-TO-ENERGY COPENHAGEN, DENMARK Greenfield waste-to-energy facility With the formal approval of the new Amager Bakke waste-to-energy facility in Copenhagen the construction of an international icon of environmental sustainability and energy efficiency can commence. Ramboll is providing consulting services in connection with the mechanical and electrical supply for the plant, which with a net total energy efficiency of 107% will be among the world s most energy efficient waste-toenergy facilities.

WASTE-TO-ENERGY WEST PALM BEACH, FLORIDA, USA Green-field waste-to-energy facility Technical and management assistance towards the development of the first new waste-to-energy facility in the USA in nearly 20 years. When completed in 2015, it will be one of the world s largest, annually transforming 720,000 tonnes of waste into sustainable energy.

WASTE-TO-ENERGY LINCOLNSHIRE, UK Green-field waste-toenergy facility Will process 150,000 tonnes of waste annually. Services: From management of procurement process to commissioning.

POWER PLANT AVEDØRE, DENMARK Avedore, Unit 2 EPCM Plant Ultra super critical boiler Multi fuelled (gas, oil, coal, wood pellets, straw) 550 MW e / 550 MJ/s Conversion to wood pellets: From project analysis, planning and construction to commissioning Upgrading of boiler capacity: Project analysis and planning O&M support

CCGT PLANT MONGSTAD, NORWAY EPCM CCGT CHP Plant 280 MW e / 350 MJ/s Statoil refinery integration Integrated crudeoil heater Waste refinery gas to turbines Feasibility & concept studies, pre-, basic and detailed engineering, purchase and commissioning of the plant for all disciplines, mechanical, electrical, I&C, civil, and QHSE.

POWER PLANTS BANGLADESH Powering Bangladesh Only 25% of the inhabitants have access to power, and power cuts are the rule rather than the exception. Welcome to Bangladesh, the 8th most populous country in the world with a per capita GDP of $678 corresponding to 1/57 of that of the UK. Ramboll is supporting the development of Bangladesh by helping establish three major power plants.

DISTRICT HEATING MILAN, ITALY Strategic plan for heat transmission network in Milan with potential to develop to the scale we know from Cph.

SOLAR THERMAL LILLESTRØM, NORWAY Solar heating plant built in conjunction with Akershus Energy Park. Will be the largest solar heating plant in Norway, covering an area of 10,000 m 2. Fee approx. 66tEUR

BIOGAS NOVOZYMES, KALUNDBORG, DENMARK DKK100m anaerobe process plant at wastewater treatment plant in Kalundborg. Fee: 1,3mEUR

ENERGY PLANNING LONDON, UK London Heat Maps 2010 / 2011 In early 2010, six of the first nine London Boroughs obtained funding through the London Development Agency (LDA). Studies were prepared simultaneously for Barnet, Brent, Ealing, Lambeth, Lewisham and Southwark. Late 2010/2011, additional three heat mapping studies for City of London, London Borough of Tower Hamlets and Bexley.

POWER SYSTEMS/TRANSMISSION SVENSKA KRAFTNÄT, SWEDEN Framework agreement including consultancy services within the field of power systems/power transmission. The agreement includes approx. 30,000 manhours per year until the end of 2013.

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