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Bjørnar has more than 15 years of extensive international experience from Fortune 500 companies and is a trusted advisor to senior C level executives. His capacities and focus are in the field of advising organizations how to build investment prospectuses, strategic plans and perform financial planning to commercialize products and services. B. Eide has vast international board and investment committee experience in evaluating what it takes to prepare the right material, concise arguments and financial overview in critical decision making processes. B. Eide has also worked extensively with addressing how the overall strategic planning efforts are aligned with capitalization plans, financial outlook and shareholder expectations to overall equity valuation. B. Eide has been a public speaker and panel participant in conferences held by Marcus Evans, EUCI and ACI and has worked closely with strategic and financial assessments for the following companies. AES Corporation Sempra Energy Utilities Statoil ASA National Resource Group (NRG) General Motors Acceptance Corporation (GMAC) CF Industries Statkraft The Crown Estate UK Asker Municipality ENEL Corporation MBA Finance, is the team’s resource within strategy, finance and valuations with executive leadership training from Cornell University and an MBA from San Francisco State University. Bjørnar Eide - Biography

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Page 1: Master-Deck-Experience-new-2

Bjørnar has more than 15 years of extensive

international experience from Fortune

500 companies and is a trusted advisor

to senior C level executives.

His capacities and focus are in the field of advising

organizations how to build investment prospectuses,

strategic plans and perform financial planning to

commercialize products and services.

B. Eide has vast international board and investment

committee experience in evaluating what it takes to

prepare the right material, concise arguments and

financial overview in critical decision making processes.

B. Eide has also worked extensively with addressing how

the overall strategic planning efforts are aligned

with capitalization plans, financial outlook and

shareholder expectations to overall equity valuation.

B. Eide has been a public speaker and

panel participant in conferences held

by Marcus Evans, EUCI and ACI and

has worked closely with strategic and

financial assessments for the following

companies.

• AES Corporation

• Sempra Energy Utilities

• Statoil ASA

• National Resource Group (NRG)

• General Motors Acceptance

Corporation (GMAC)

• CF Industries

• Statkraft

• The Crown Estate UK

• Asker Municipality

• ENEL Corporation

Copyright © 2017 Beide Forvaltning A/SMBA Finance, is the team’s resource within strategy, finance and valuations with executive leadership training from Cornell University and an MBA from San Francisco State University.

Bjørnar Eide - Biography

Page 2: Master-Deck-Experience-new-2

Know how and extensive capabilities in corporate finance and strategic assessments have created an extensive list of project references for

many larger international organizations and startup – venture companies.

The project references listed in this section

covers projects across many industries with a

focus on strategic approach, corporate finance

and building business critical models,

assessments and valuations.

By staying flexible, adoptive to change and

innovation, skill sets have been developed to

address how best to take advantage of stenghts

of organizations and build recurring and sustainable value propositions for clients.

Copyright © 2017 Beide Forvaltning A/S

CORPORATE FINANCE MODEL BUILDING

Project References

Page 3: Master-Deck-Experience-new-2

Project References

Copyright © 2017 Beide Forvaltning A/S

Extensive international experience working with C level executives to communicate finance transactions and their strategic potential.

Fisketorget i Oslo Investment Memorandum (IM) Corporate Finance

Tergo Power Investment Memorandum (IM) Corporate Finance

Mindstretch Investment Memorandum (IM) Corporate Finance

Hywind – Statoil A/S Business plan, Capital Requirements Corporate Finance

AES Strategic Assessment Corporate Finance

ECPG Merger & Acquisition Model Model Building

Gravitude – Statoil A/S Strategic Plan Corporate Finance

Gladiator Education Investment Memorandum (IM) Corporate Finance

PaR Model Profit at Risk Model Model Building

Crown Estate Carbon capture and storage model Model Building

Asker Municipality External Portfolio Management Corporate Finance

Sempra Energy Governance structure Corporate Finance

NRG Energy Governance structure Corporate Finance

CF Industries FAS133 Hedging Program Model Building

CORPORATE FINANCE MODEL BUILDING

Page 4: Master-Deck-Experience-new-2

Investment Memorandum (IM) - Fisketorget

Sucessfull raised 40 Million+ NOK to build a luxory fishmarket in Oslo, Norway.

Copyright © 2017 Beide Forvaltning A/SCORPORATE FINANCE MODEL BUILDING

Page 5: Master-Deck-Experience-new-2

Investment Memorandum (IM) - TergoPower

Created IM to raise working capital to build 2 power plants in Poland.

Copyright © 2017 Beide Forvaltning A/SCORPORATE FINANCE MODEL BUILDING

Page 6: Master-Deck-Experience-new-2

Investment Memorandum (IM) - MindStretch

IM and financial model used to seek equity for start up.

Copyright © 2017 Beide Forvaltning A/SCORPORATE FINANCE MODEL BUILDING

Page 7: Master-Deck-Experience-new-2

Business plan & Capital Requirements – Statoil Hywind

Low case Medium case High case

1221 3010

5

6

020406080

100120

Cost Revenue Negative EBITDA

20

35

17

11

20

38

020406080

100120

Cost Revenue Negative EBITDA

24

52

3426

34

30

020406080

100120

Cost Revenue Negative EBITDA

203517

920

020406080100120

Cost Revenue Negative EBITDA

Other cost Labour cost - Technical Labour cost - CommercialOther revenue Consulting R&D grantsCapital requirement

Business

developmentFeasibility

Design (FEED,

detailed)Procurement Construction Commissioning O&M

Project development 20 % 30 % 30 % 30 % 20 %

INT

EG

RA

TO

R

Turbine including SCADA system

20 % 20 % 30 % 30 %

Floating substructure incl mooring and

pitching syst.40 % 80 % 90 % 50 % 20 %

Offshore installation20 % 20 % 30 % 30 %

Offshore infrastructure

Onshore infrastructure

Other: Environmental, legal, permitting,

certification etc.

Source: PöyryCurrent core competence

Some competence

Statoil Technology Invest – value chain and capital requirements

Copyright © 2017 Beide Forvaltning A/SCORPORATE FINANCE MODEL BUILDING

Page 8: Master-Deck-Experience-new-2

Copyright © 2017 Beide Forvaltning A/S

Strategic evaluation of earnings model, infrastructure, guidance and use of risk metrics

CORPORATE FINANCE MODEL BUILDING

Strategic Assessment – Applied Energy Services (AES)

Page 9: Master-Deck-Experience-new-2

Copyright © 2017 Beide Forvaltning A/S

Auction bid model for acquisition of natural gas and electricty retail portfolios

CORPORATE FINANCE MODEL BUILDING

Merger & Acquisition Model – East Coast Power & Gas (ECPG) – New York

Page 10: Master-Deck-Experience-new-2

Strategic plan Gravitude – Statoil Technology Invest

Valuation and strategic plan for spin out of technology

MAINGOALS DESIGN - STRUCTURED BUSINESS PLAN

STEPS (1) Design an identify the main components that should be detailed

in the strategic plan.

(2) Analyze the various marketing channels, subsequent

expenditures and possible revenue paths dependent on

capitalization.

(3) Assess EBITDA pricing structures that would support growth in

earnings over time.

(4) Detailed build up of operational expenses and capital

expenditures projections for the next 10 years.

RESULT DOCUMENT—STRUCTURED BUSINESS PLAN

MAINGOAL VALUE - COMPANY AT INITATION AND AT CERTAIN

MILESTONES GIVEN MAR- KET OUTLOOK

STEPS (1) Build a financial representation of ex- pected revenue and

expenditures pro- jections for the next 10 year (financial

pro-forma).

(2) Assess Net Present Value (NPV) of company at

different points in time along a time axis.

(3) Evaluate expected outcome and varia- tions to valuation

given uncertainty of revenue and expenditure projections.

RESULT DESCRIPTION OF A TIME DEPENDENT VALUATION OF

THE SPUN OUT COM- PANY:

Copyright © 2017 Beide Forvaltning A/SCORPORATE FINANCE MODEL BUILDING

Page 11: Master-Deck-Experience-new-2

Investment Memorandum (IM) Gladiator Education

IM used to raise 25 Million NOK for 49.9% of outstanding shares.

Copyright © 2017 Beide Forvaltning A/SCORPORATE FINANCE MODEL BUILDING

Page 12: Master-Deck-Experience-new-2

Profit at Risk Model (PaR) – Chile

Stochastic quantification of uncertainty and hedging tool developed in Mathlab

Copyright © 2017 Beide Forvaltning A/SCORPORATE FINANCE MODEL BUILDING

Page 13: Master-Deck-Experience-new-2

Carbon Capture & Storage (CCS) Model – Crown Estate

Financial value chain and incentive mechanism evaluation model (EBITDA)

MAINGOALS ESTABLISH A VALUE CHAIN MODEL

STEPS (1) Establish a CCS value chain model for The Crown Estate.

(2) Train personnel to use the model.

(3) Load the model with data from the CCS cost reduction task

force.

(4) Perform variations to input assumptions to reflect tentative

incentive mechanisms.

(5) Compare and contrast cases within value chain and the

entire chain.

(6) Summarize findings and recommendations.

RESULT MODEL IMPLEMENTED

Copyright © 2017 Beide Forvaltning A/SCORPORATE FINANCE MODEL BUILDING

Page 14: Master-Deck-Experience-new-2

External porfolio mandate / management – Asker Municipality

AKSJER

Vekt Pris/NNV Aksjer: (tallet hentes automatisk fra arkfanen "Poengberegning")

Vekt poeng aksjer: (beregnes automatisk)

OBLIGASJONER

Vekt Pris obligasjoner (tallet hentes automatisk fra arkfanen "Poengberegning")

Vekt poeng obligasjoner (beregnes automatisk)

H ø y e s t e t a l l e r b e s t

1. Danske Capital AS

2. DnB Asset management AS

3. Nordea Investment management AS

4. Pareto Forvaltning AS

5. Storebrand kapitalforvaltning AS

Beste pris/nåverdi og poeng aksjer:

Beste score settes lik indeks 100 (benyttes ved

50%

50%

indeksering av nåverdi og poeng).

214,286 400

JA

50%

JA 214,286 253 100 63

Poeng-

indeks

50%

Alle tekn.-krav

oppfylt

(JA/NEI)

40%

364 31

43

91

307 35 77

Pris/Nåverdi

Aksjer

461,905 400 46 100

293500,000

JA

JA

Alle kval.-krav

oppfylt

(JA/NEI)

JA

Poeng Aksjer

606,190

JA 73

60%

Pris/Nåverdi-

indeks

JA

JA

JA 700,000

JA

Awarded RFP to assist Asker Muncipality in evaluating external portoflio candidates for a USD 300 Million portfolio

Copyright © 2017 Beide Forvaltning A/SCORPORATE FINANCE MODEL BUILDING

Meravkastning i forhold til MSCI

for ulike tidsperioder

DNB Global Etisk (V) sin relative meravkastning

DNB Global

Etisk (V)

10 største

fond

5 største fond

10

største fond

5 største fond

1 år 0,43% 0,29% 0,30% 0,15% 0,13%

2 år 0,43% 0,35% 0,35% 0,07% 0,06%

3 år 0,18% 0,13% 0,10% 0,05% 0,08%

Page 15: Master-Deck-Experience-new-2

Design Governance system – Sempra Energy Utilities (SDGE/SCGC)

Design of risk metrics, mandates, polices and governance structure for Sempra Energy Utilities

Copyright © 2017 Beide Forvaltning A/SCORPORATE FINANCE MODEL BUILDING

Page 16: Master-Deck-Experience-new-2

Portfolio Management / Risk Metrics – NRG Energy

Identification, monitoring and management of a total portfolio consisting of 20,000 MW generating capacity

Copyright © 2017 Beide Forvaltning A/SCORPORATE FINANCE MODEL BUILDING

Page 17: Master-Deck-Experience-new-2

CF Industries / Agrialliance - Minneapolis

Design and development of FAS 133 global position and hedging tool for fertilizer operations

Copyright © 2017 Beide Forvaltning A/SCORPORATE FINANCE MODEL BUILDING