markets - Swedbank

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More than 100 years of history• Viken Energi • Røyken Kraft• Oslo Energi • Gjermå Kraft• Tindra• Varslingssystemer• Norges Energi • Vaktservice• Fredrikstad Energi • SES• ØkoKraft• Göta Energi AB• Energibolaget AB1898Hafslundestablished1986Nycomed partof Hafslund1996DemergerHafslund Nycomed2002-2005• Restructuring• Integration• Value creation2008• Focusing onrenewable energy• Spin-off: Infratek2010-2011• Established inthe NordicPower market• Spin-off: Highvoltage gridand Venturearea2012 -• An integratedand focusedenergycompany4
Recent years – focus on core businessCapital employed[MNOK]45.000Divestments40.00035.00030.00025.00020.00015.000OtherFiberCentral gridplants10.000Other businessesMarkets5.000NetworkProduction0Heat2007200820092010201120125
Page 1 and 2: Hafslund - a pure play utilitySwedb
Page 3: Hafslund - a leading Norwegian util
Page 7 and 8: OsloPRODUCTION• Normal production
Page 9 and 10: OsloRegional gridDistribution andRe
Page 11 and 12: The Nordic power market - a key dri
Page 13 and 14: … other key value driversSwap int
Page 15 and 16: Going forward - continued organic g

markets - Swedbank

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