JP MorganEMEA HY and Leveraged Finance Conference 2020September 11, 2020

Disclaimer

The information contained in these materials has been provided by ContourGlobal plc (“ContourGlobal” or the “Company”) and has not been independently verified.No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of theinformation or opinions contained herein. It is not the Company’s intention to provide, and you may not rely on these materials as providing, a complete orcomprehensive analysis of the Company’s financial position or prospects. The information and opinions contained in these materials are provided as at the date ofthis presentation and are subject to change without notice. Neither the Company nor any of its affiliates, advisors or representatives shall have any liabilitywhatsoever (in negligence or otherwise) for any loss whatsoever arising from any use of this presentation or its contents or otherwise arising in connection with thispresentation.

Certain statements in this presentation are “forward-looking statements.” All statements other than statements of historical facts included in this presentation,including, without limitation, those regarding the Company’s financial position, business strategy, plans and objectives of management for future operations, areforward-looking statements. These statements involve a number of factors that could cause actual results to differ materially, including, but not limited to, changesin economic, business, social, political and market conditions, success of business and operating initiatives, and changes in the legal and regulatory environment andother government actions. Forward-looking statements contained in this presentation regarding past trends or activities should not be taken as a representation thatsuch trends or activities will continue in the future. Any forward-looking statement made during this presentation or in these materials speaks only as of the date onwhich it is made. The Company assumes no obligation to update or revise any forward-looking statements.

Information contained herein relating to markets, market size, market share, market position, growth rates, penetration rates and other industry data pertainingto the Company’s business is based on the Company’s estimates and is provided solely for illustrative purposes. In many cases, there is no readily available externalinformation to validate market-related analyses and estimates, thus requiring the Company to rely on internal surveys and studies. The Company has also compiled,extracted and reproduced market or other industry data from external sources, including third parties or industry or general publications, for the purposes ofits internal surveys and studies. Any such information may be subject to significant uncertainty due to differing definitions of the relevant markets and marketsegments described.

This presentation contains references to certain non-IFRS financial measures and operating measures. These supplemental measures should not be viewed in isolationor as alternatives to measures of the Company’s financial condition, results of operations or cash flows as presented in accordance with IFRS in its consolidatedfinancial statements. The non-IFRS financial and operating measures used by the Company may differ from, and not be comparable to, similarly titled measures usedby other companies. The non-IFRS adjustments for all periods presented are based upon information and assumptions available as of the date of this presentation.

2

1. ContourGlobal Snapshot

KivuWatt – Methane Gas Extraction Facility & Power Plant (Rwanda)

Focused Business Model: to acquire or develop and operate long term contracted power generation assets

Long-term contracts and regulated tariffs with significant risk mitigtion delivering stable and secure cash flows

Diversified footprint by geography and technology: each asset category contributes less than 15% group EBITDA

Proven track record of value accretive growth through both operationally lead acquisitions and greenfield development, with attractive M&A and development pipeline

Efficient capital structure: primary use of non-recourse debt financing provides significant protection to equity investor

High cash flow conversion: provides strong income protection while leaving significant liquidity for growth

Longstanding commitment to ESG and sustainability principles: embracers of the United Nations Global Pact (UNGC) Principles since 2010

Business HighlightsLong-term contracted power generation company

$703m 2019A EBITDA ($697m LTM H1 2020A) 4.8 GW H1 2020 contracted generation

Portfolio

Thermal SolarWind Hydro Biogas

High Efficiency Cogen

4

✓ Strong financial performance with Adjusted EBITDA +13% (adjusted for H1 net farm-down gains1); down 2% including net farm-down gains in H1 2019

✓ No meaningful impact on operations or financial performance from COVID-19

✓ PPA performance intact – no delay in cash collections or bad debt provisions and no

meaningful demand related reductions

✓ Ongoing share buy-back, with £8 million repurchased,

✓ Reflecting the Board’s view that the shares do not reflect the full intrinsic value of the Company

✓ Maintain guidance for 2020 of Adjusted EBITDA of $710 – 745 million2

✓ Positive outlook for future growth and acquisition of assets, assisted by strong financial position – total liquidity of $633m as of June 2020, including HoldCo cash of $188m and revolving credit facility of $84m

(1) Net farm-down gains of $46m in H1 2019 from CSP Spain and Solar Italy and Slovakia(2) Based on constant exchange rates from 2019 of EUR/USD 1.12 and BRL /USD 0.25, and assuming no prolonged disruption to human resource and supply

chain arising from the current COVID-19 pandemic.

H1 2020 Consolidated results – Strong Results and Business Model Validation Amidst COVID-19 Crisis

5

COVID-19: No material impact given resilient business modelFocused on protecting our employees and supporting the community

Protecting employee safety

Ensuring business resilience

Supporting the community

• PPA performance intact – no bad debt provisions and no meaningful demand related reductions

• Proactive measures to shift patterns and staffing

• Remote monitoring and operating technology

• Sufficient levels of critical spares and inventory

• Power plants and offices are interconnected with video, audio and data

• Social investment redirected to alleviate the impact of COVID-19 on our local communities

• 74 projects with total investment of $1.7m, focus on food, medical equipment, PPE, testing capacity and infrastructure

95%

80%

Testing

Operations personnel working on site

Office personnel working remotely

Company-led testing since April, 62 infections detected1

Workforce support

$2.2m extra compensation for front-line workers; global COVID-19 insurance program for all CG employees, covering hospitalization and recuperation costs

10%

15%

17%

20%

29%

9%

Food

Medical equipment

Other equipment

PPE

Testing capacity

Infrastructure

(1) 42 CG employees and 20 contractors

2020 Social Investment Program

6

COVID-19 Risk AssessmentCG power generation activities fall between low and medium in terms of infection and outbreak risk

Proximity of exposure

Exte

nt

of

exp

osu

re 1

2

3

High

Low

Less More

1. Significant public interaction –Airports, Hotels, Public transit, stadiums and theme parks

2. Isolated/Solo – Construction and repair services

3. Professional working spaces –Large and small offices, research lab

4. Large confined spaces - factories

4

RenewableThermal

PROXIMITY AND EXTENT OF EXPOSURE IN SELECT WORK ENVIRONMENTS

Source: Framework adopted from McKinsey Risk Practice Report (Reopening safely: Sample practices from essential businesses) 7

8CGA Combined Heat and Power 440MW (Mexico)

2. Business Model

Health & Safety - Our Key Value Since InceptionWe continue to “Target Zero”

• Everyone goes home safe, everyday, everywhere• “Target Zero” program sets the company-wide expectation that we will

incur zero LTIs in all businesses for all people – employees, contractors and visitors

• “One company, one policy” – we commit to maintaining the same high H&S standards in every country that we operate in. Proud to achieve globally consistent high H&S standards, which are significantly better than industry benchmarks

• Recently admitted as a Member of the Campbell Institute at the National Safety Council

(1) Lost Time Incident Rate (LTIR) is an industry standard reporting convention for calculating incidents in the workplace. LTIR measures recordable lost time Incident (LTI) rates based on 200k working hrs(2) Total Recordable Incident Rate (TRIR) is an industry standard reporting convention for calculating recordable incidents in the workplace. TRIR measures the total lost time incident rates, restricted workday cases and medical

treatments on the basis of 200k working hrs(3) Peers information as of 2018 reported in annual reports / sustainability reports published by companies normalized to basis of 200,000 workings hours. Selection of comparable peers from a CG sponsored study with all major US and

European power generation companies(4) Selection of comparable peers from commissioned study performed by Black & Veatch of comparable US and European power generation companies(5) Based on the 2018 report for days away from work cases injuries and illnesses from the bureau of labor statistics

LTIR1 / TRIR2 compared to Peers3 – Industry leader in H&S with KPI significantly better than industry benchmarks

2020 Safety ScorecardTarget Zero achieved in 2020. No LTI in H1 2020

2.6MMan hours worked without a lost time incident in 2020

3.4MMan hours worked since the last lost time incident in November 2019

82%Reduction in Total Recordable Incident Rate in 5 years

91% less TRIR than US Industry and 76% less than peers top quartile

4

5

45

LTIR TRIR0.90

0.34

0.08

US Utility Industry Selected Peers TopQuartile

CG H1 2020

0.70

0.17

-

US Utility Industry Selected Peers TopQuartile

CG H1 2020

9

◼ Long-term contracts typically with state-owned or supported utilities or large investment grade companies, or stable regulatory regimes (avg. credit rating BBB-)

◼ Policy to generally place Political Risk Insurance on contracts in emerging markets

◼ Typical Thermal PPAs virtually eliminate commodity risk via fuel and CO2 emission cost pass-through mechanisms

LimitedCredit Risk

LimitedDuration

Risk

NoCost Risk

NoPrice Risk

◼ Long-term contracts, weighted average remaining contract life of 10 years

◼ Fixed-price contracts that typically contain inflation pass-through terms

◼ Thermal: No volume risk; plants paid full capacity payment irrespective of off-taker demand

◼ Renewables: Plants typically paid set price based on MWh produced

NegligibleRevenue /

Volume Risk

Resilient Business ModelBusinesses operate with fixed-price, long-term contracts or regulation with creditworthy off-takers

10

Our specific and highly selective criteria for investment differentiates us from many traditional utilities

55%31%

13%

IG Non IG with PRI Non IG

1

1

3

3

4

4

5

5

6

10

10

13

14

15

15

16

16

17

20

21

Arrubal

French Carribbean

Solutions

Termoemcali

Sochagota

Maritsa

Bonaire

Austria Wind

Solar Slovakia

Solar Italy

Mexico

Asa Branca

Inka

Togo

Chapada Complex

Spain CSP

Cap des Biches

Hydro Brazil

Vorotan

KivuWatt

11

Stable Long Term Contracted / Regulated RevenuesInvestment Grade Off-Takers and Weighted Average Remaining Contracted / Regulated Term of 10 Years

Remaining Contracted / Regulated Life by Asset (Years)1,2

Current contracts / regulated revenues

have a weighted average remaining

term ofc.10 years

% of Total Estimated Adjusted Revenues in 2020E

>98%

Contracted / Regulated revenue Uncontracted / Unregulated revenue

(1) For assets with multiple PPAs, numbers shown based on midpoint of the expiration dates for such PPAs; data as of 30 June 2020 (3) Based on S&P and Moody’s Ratings(2) Weighted by adjusted EBITDA before corporate and holding company costs. (4) Excluding Corporate Costs

LTM H1 2020 Adjusted EBITDA by Credit Rating3,4

Average Off-Taker

Credit Rating of BBB-

/Baa3, or BBB+/A3

after Political Risk

Insurance

87%

51%

11%

38%

Europe Africa Latin America

18%

11%

7%

3%

18%

14%

22%

7%

Coal Natural Gas

Fuel oil Biogas

High Efficiency Cogen Wind

Solar Hydro

Highly Diversified FootprintEBITDA Splits

LTM H1 2020 PF EBITDA by Technology1

LTM H1 2020 PF EBITDA by Currency1

LTM H1 2020 PF EBITDA by Geography1

(1) PF for full year EBITDA of Mexican CHP acquisition completed in November 2019 ($110m). Split excludes Thermal and Renewable HoldCo expenses

Renewable44%

HE Cogen18%

Thermal39%

54%

28%

10%

5%3%

EUR USD BRL BRL hedged to USD Other

12

21%

11%

3%

2%24%

16%

16%

7%

Coal Fuel oil

Natural Gas Biogas

High Efficiency Cogen Wind

Solar Hydro

LTM H1 2020 CFADS by Technology1

LTM H1 2020 CFADS by Currency1

LTM H1 2020 CFADS by Geography1

Renewable38%

HE Cogen24%

Thermal38%

13

60%

9%

31%

Europe Africa Latin America

60%

31%

1%9%

EUR USD BRL Other

(1) Asset CFADS excluding cash overhead at corporate level and Thermal and Renewable HoldCos

Highly Diversified FootprintCFADS Splits

Improving Cost Structure While Increasing Operational Performance

Proven track-record of creating significant value in acquisitions through operational improvement

Asset Size Plant Type

908 MW LigniteMaritsa

800 MW Gas-firedArrubal

150 MW WindAustria Wind

65 MW Solar PVSolar Italy

28 MW Wind & HFOBonaire

250 MW Solar CSP Spanish CSP

Fixed Cost Reduction AvailabilityOther Operational Improvements

✓

✓

✓

✓

✓

✓

22%

20%

32%

16%

26%

12%

✓

✓

✓

✓

✓

✓

2%

2%

1%

3%

2%

4%

€2m fuel savings✓

✓ Insourced Operations; Zero LTI

✓ Repowering

O&M insourcedSell-down of 49% of asset for ~2x net equity value✓

Zero LTIs since 2015✓

Sell-down of 49% of asset for ~2x net equity value✓

Value Lever

14

30%

51%

19%

35%

51%

81%

PeersAverage

CG PeersAverage

CG Thermal PeersAverage

CGRenewable

Sector Leading Operational and Financial Delivery

Resilient Cost Structure and EBITDA Margins1

(1) Based on 2019A results. Thermal and Renewable margins include corporate SG&A fully allocated proportionately to each division based on EBITDA

Fixed Costs to Variable Margin (%)

450 bps.

+21%

+16%

+30%

31.0%27.7% 28.8%

26.5%

2016 2017 2018 2019

✓Continued focus on strong margins and efficient cost structures through streamlined operations – EBITDA margins consistently higher than peers

✓450bps decrease in Fixed Cost / Variable margin vs. 2016 levels on a run-rate basis

15

90.2% 92.8% 93.2% 97.4%

2018 2019 H1 2019 H1 2020

Divisional Operating PerformanceStrong availability factors across the fleet

Thermal – Equivalent Availability Factor1 (%)

Hydro – Equivalent Availability Factor1 (%)

Wind – Equivalent Availability Factor1 (%)

Solar – Equivalent Availability Factor1 (%)

(1) Equivalent Availability factor refers to the actual amount of time a plant or group of plants is available to produce electricity

74% weighted average PPA minimum availability requirement

• Strong availability across the Thermal fleet consistently significantly above the weighted average PPA minimum availability requirement

• Stable performance of the wind fleet

16

• Decrease in EAF due to planned outage in the Vorotan complex and unplanned outage in Brazil

• Stable performance of the CSP fleet• Increase in PV EAF due to good technical performance,

operational improvements and good asset management

95.8% 95.8% 96.1% 96.3%

2018 2019 H1 2019 H1 2020

98.5% 97.9% 98.2% 96.3%

2018 2019 H1 2019 H1 2020

99.2% 99.3% 98.3% 99.6%95.3% 93.3% 94.6% 94.6%

2018 2019 H1 2019 H1 2020

Solar PV Solar CSP

0.79 0.66 0.62 0.56 0.58 0.54

2015 2016 2017 2018 2019 H1 2020

Long Standing Commitment to Sustainability and ESG principlesDesigned around 4 key sustainability principles linked to the UN SDG’s and Global Compact

• H&S is included in our value statement and is our number 1 priority

• Rigorous management of plant cost and performance against set targets and industry benchmarks to improve efficiency reducing fuel and water consumption

• Increased production from renewable energy and efficient cogeneration energy

• Commitment to continue reducing our CO2 emissions intensity (32% reduction since 2015)

Operate Safely and Efficiently and Minimize Environmental

Impacts

• Investment focus on cleaner technologies, such as high efficiency cogeneration and concentrated solar power

• Provide reliable and low-cost electricity using best in class technology to underserved countries

• Pursue acquisition opportunities where we can improve performance and invest additional capital

• Commitment to stop investing in new coal-fired power plantsGrow Well

CO2 emissions (tonnes) / MWh

100% 73% 100% 100% 100%

2015 2016 2017 2018 2019

Low-carbon investment

17

40%

60%

Male

Female

• Adhere to and promote highest standards of corporate governance and business ethics

• Performing failure analysis and lessons learned is in our values statement and is applied to all activities

• Apply continuous improvement methodology to governance and social commitments• Annual compliance deep dives and third-party audits• Monetary incentives for suppliers who commit to our sustainability

principles and agree to an ESG audit

Manage our Business

Responsibly

• Improve the regulatory, commercial and social environment in which we operate through investment, engagement, and establishment of strategic partnerships

• Advocate for transparent business processes and build capabilities• Make the places we operate better because we are there• Meet community needs, particularly in developing countries• $2.3m investment in social projects in 2019 and 147 approved projects

Enhance our Operating

Environment

Executive Management Gender Diversity Bonaire 2019 Going Beyond Power Award

Our ESG contractor incentive program led to our contractor ILTEKNO becoming a signatory to the United Nations Global Compact (UNGC) principles, achieving preferred supplier status, and receiving the first ever Going Beyond Power Award given to companies that formally adopt the UNGC, undergo a rigorous ESG audit, and achieve exemplary H&S performance

38%

18%

16%

13%

13%

2%Quality education

Reduced inequalities

Sustainable cities and communities

Good health and well-being

Partnership

Other goals

2019 social investment program

18

Long Standing Commitment to Sustainability and ESG principlesDesigned around 4 key sustainability principles linked to the UN SDG’s and Global Compact

3. Financial Highlights and Growth Strategy

Asa Branca Wind Farm 160MW (Brazil) 19

305 331

440

513

610

657

697

311

351

2014 2015 2016 2017 2018 2019 LTM H12020

H12019

H12020

Adj. EBITDA Net farm-down gains

Financial and Credit SnapshotHigh value growth

(1) Pro forma for full year expected earnings of Mexican CHP, which was completed 25 November 2019 (additional $64m of incremental Adjusted EBITDA based on FY Earnings)(2) Adjusted EBITDA is a non-IFRS measure as defined in IPO Prospectus(3) Excluding the net farm-down gains of $46m in Q2 2019 from farm-downs in CSP Spain and Solar Italy and Slovakia

Liquidity at Parent Level $272m

Debt Maturing by or after Jun-2023

Key Financial Metrics H1 2020

Net/Debt EBITDA1 4.4x

+18% growth vs. 2017Ac. 75%

Adj. EBITDA2 Evolution ($m)

~80%

703

357

+13%3

Non-Recourse Debt

3

3

20

536 562 537 300 275

2018A 2019A LTM H12020

H1 2019 H1 2020

610 703 697 357 351

2018A 2019A LTM H12020

H1 2019 H1 2020

617 680 743 617 680

2018A 2019A LTM H12020

H1 2019 H1 2020

302 338 340 170 172

2018A 2019A LTM H12020

H1 2019 H1 2020

(1) Adjusted EBITDA, Proportionate Adjusted EBITDA and FFO are non-IFRS measures as defined in IPO Prospectus(2) Excluding the net farm-down gains of $46m in Q2 2019 from farm-downs in CSP Spain and Solar Italy and Slovakia(3) Excluding FX effect

Robust Financial PerformanceSolid performance despite global pandemic

Adjusted EBITDA1 ($m)

21

Revenue ($m)

FFO1 ($m)

Proportionate Adjusted EBITDA1 ($m)

+10% -2%

-8%

+1%

• Mexican CHP acquisition (+$99m) and Maritsa higher electricity sales (+$27m), offset by lower Arrubal revenue due to lower generation (-$33m) and foreign exchange rate (-$30m)

• Mexican CHP acquisition (+$46m), higher availability revenueand lower O&M costs (+11m), commercial improvements(+$6m) and full effect of acquisitions and repowerings (+$4m), offset by farm-down gains from Spanish CSP and Solar Italy and Slovakia in H1 2019 (-$46m), poorer resource in Spanish CSP, Brazil Wind and Vorotan (-$12m) and foreign exchange rate movements (-$17m).

• Decrease in Proportionate Adjusted EBITDA higher than decrease in Adjusted EBITDA mainly because of the 6-month impact of the Spanish CSP farm-down completed in May 2019

+13%2

+8%2

Cash conversion

49%

+3%3 +182,3

361

633 188

84

Asset LevelCash

HoldCoLevel Cash

Revolvingcreditfacility

TotalLiquidityJun-20

Jun-20 liquidity ($m)

Ample Cash Resources to Support Future Growth and DividendNet debt / EBITDA metric within the 4.0x-4.5x guidance

• $3.3bn Net Debt as of June 30, 2020

• Committed to high value growth while maintaining strong BB credit metrics

• Net debt / EBITDA metric within the 4.0x-4.5x guidance

• $272m liquidity at parent level, including $188m of cash and $84m undrawn capacity under corporate level revolver

• Strong balance sheet and credit rating, flexible access to capital with no near-term refinancing requirements

22

Net Debt/EBITDA (x)Jun-20 net debt ($m)

(1) Restricted cash at the operating assets’ level(2) Unrestricted cash at the HoldCo level(3) Converted from EUR to USD at a rate of 1.1247(4) Pro forma for full year expected earnings of Spanish CSP, which was completed in May 2018 (additional $40m of incremental Adjusted EBITDA based on FY Earnings)(5) Pro forma for full year expected earnings of Mexican CHP, which was completed 25 November 2019 (additional $100m of incremental Adjusted EBITDA based on FY Earnings)(6) Pro forma for full year expected earnings of Mexican CHP, which was completed 25 November 2019 (additional $64m of incremental Adjusted EBITDA based on FY Earnings)

4

1 2

3

5

2,898 3,317

968

(548)

ProjectDebt

CorporateDebt

Cash Net DebtJun-20(IFRS)

4.4x 4.4x 4.4x

2018 2019 H1 2020 6

274 296 233 218 190

1,744

506

449

Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 Due after Jun-25

Project Debt Corporate Debt

Capital structure and primary use of non-recourse debt significantly reduces future refinancing risks

Gross debt maturity as of June 2020 ($m)

✓ ~75% of debt is at the asset level and non-recourse to ContourGlobal

✓ Project debt matched to currency of revenues

✓ Project debt has regular amortization schedule and is typically fully paid before end of PPA or regulation life

✓ In unlikely event of project underperformance, the debt is not recourse to the parent

23

~80% of debt due in or post Jun-2023

24

Our Approach to GrowthDelivering stable cashflows for dividends and reinvestment

(1) Based on LTM H1 2020 Adjusted EBITDA

Low carbon ‘ContourGlobal’ assets

• Renewable technologies

• High efficiency gas and co-generation including with CO2 capture

• Strict financial hurdles with attractive long-term cash IRR

• Consistent with long-term contracted power generation strategy

Optimize returns

• Improve operations• Health & Safety• Technology• Focus on costs

• EBITDA margins significantly above peers

• Up to 30% fixed cost reductions on acquisitions

• Achieving up to 400bps increases in availability

• Consistent record of value creation

• Stable long-life income stream (weighted-average remaining contract life of 10 years1)

• Controlled price and volume risk

• Limited customer credit risk

• Mitigated debt and political risk

• Retain operating control and risk

Identify assets Lead with operations Deliver value / mitigate risk

Reliable, low risk, long term cash generation

25

Growth remains focused on long-term contracted assets, primarily acquisitions

North America and Caribbean

2 GW gas opportunities primarily located in

regions with long-term need for reliable supply

to stay online

Central and Latin America

1 GW renewable energy opportunities

in USD markets

Europe1.5 GW opportunities

with focus on both gas and renewables; particular focus on

platform expansions

Attractive pipeline of low carbon technologies across different regions

Africa300 MW

renewable and natural gas greenfield

Appendices

Sao Domingos II Hydro Power Plant (Brazil) 26

Financial HighlightsKey financial metrics

27

In US$ millions H1 2020 H1 2019 Var Var %

Revenue 680 617 63 10%

Gross profit 186 171 15 8%

Adjusted EBITDA 351 357 (6) (2%)

Proportionate EBITDA 275 300 (25) (8%)

Income from operations 158 143 16 11%

Net finance cost (63) (128) 65 (51%)

Profit before tax 102 23 78 338%

Income tax expense (27) (17) (10) 56%

Net profit 75 6 69 1,147%

Adjusted Net Profit 50 31 19 60%

Basic earnings per share (pence) 0.11 0.02 0.09 404%

FFO 172 170 2 1%

Contributors to Adj. EBITDA 2017 2018 2019 LTM H1 2020 H1 2019 H1 2020

Contributors from Thermal fleet

Maritsa East III 125 120 120 126 62 68

Mexico CHP - - 10 57 - 46

Arrubal 61 63 60 58 31 29

Cap des Biches 26 27 28 27 14 13

KivuWatt 24 26 25 26 12 13

Togo 25 25 26 26 13 13

CG Solutions1 27 27 27 29 10 13

Caribbean 27 24 25 25 12 12

Colombia 22 21 22 21 10 10

Others 2 1 (0) 0 (0) 0

Contributors from Renewable fleet

Spanish CSP - 89 134 127 67 60

Solar Europe, excl. CSP2 31 41 45 48 23 26

Brazil Hydro 28 41 40 38 22 20

Brazil Wind 82 59 66 62 21 17

Peru Wind 25 29 31 30 15 14

Austria Wind 25 20 24 23 14 13

Vorotan 23 23 24 19 12 8

Others - - (0) (0) (0) (0)

Total asset EBITDA 553 638 706 742 339 375

Thermal and Renewable HoldCos, farm-down gains and corporate overhead (40) (27) (4) (46) 18 (24)

Total Adjusted EBITDA 513 610 703 697 357 351

Contributors to Adj. EBITDA by H1 2020

(1) Includes Solutions Europe and Africa and Solutions Brazil(2) Includes Solar Italy, Solar Slovakia, Solar Romania and Biogas Italy(3) Includes $21m farm-down gains, $26m corporate overhead and $22m Thermal and Renewable HoldCos(4) Includes $46m net farm-down gains, $30m corporate overhead and $19m Thermal and Renewable HoldCos(5) Includes $46m net farm down gains, $18m corporate overhead, and $10m Thermal and Renewable HoldCos

28

3 4 5

Contributors to Prop. Adj. EBITDA 2017 2018 2019 LTM H1 2020 H1 2019 H1 2020

Contributors from Thermal fleet

Maritsa East III 92 88 88 92 46 50

Arrubal 61 63 60 58 31 29

Cap des Biches 26 27 28 27 14 13

Caribbean 27 24 25 25 12 12

KivuWatt 24 26 25 26 12 13

CG Solutions1 25 25 24 26 9 11

Colombia 22 21 22 21 10 10

Togo 20 20 21 20 11 10

Mexico CHP - - 10 57 - 46

Others 1 0 (0) 0 (0) 0

Contributors from Renewable fleet

Spanish CSP - 89 89 65 55 31

Brazil Wind 56 41 44 42 14 12

Peru Wind 25 29 31 30 15 14

Brazil Hydro 20 30 29 28 16 14

Vorotan 23 23 24 19 12 8

Solar Europe, excl. CSP2 31 39 23 25 12 14

Austria Wind 23 18 22 21 13 12

Others - - (0) (0) (0) (0)

Total Asset EBITDA 474 564 565 582 281 298

Thermal and Renewable HoldCos, farm-down gains and corporate overhead (40) (27) (4) (46) 18 (24)

Total Proportionate Adjusted EBITDA 434 536 562 537 300 275

Contributors to Proportionate Adj. EBITDA by H1 2020

29

3 4 5

(1) Includes Solutions Europe and Africa and Solutions Brazil(2) Includes Solar Italy, Solar Slovakia, Solar Romania and Biogas Italy(3) Includes $21m farm-down gains, $26m corporate overhead and $22m Thermal and Renewable HoldCos(4) Includes $46m net farm-down gains, $30m corporate overhead and $19m Thermal and Renewable HoldCos(5) Includes $46m net farm down gains, $18m corporate overhead, and $10m Thermal and Renewable HoldCos

Contributors to CFADS

(1) CFADS (Cash Flows Available for (Corporate) Debt Service) as defined in Bond Indenture. Asset CFADS excluding cash overhead at corporate level and Thermal and Renewable HoldCos(2) Includes Solar Italy, Solar Slovakia and Solar Romania(3) Includes Solutions Europe and Africa and Solutions Brazil(4) Includes EUR40m restricted cash release in one of the Spanish CSP assets

30

Contributors to CFADS(Before Corporate and Other Costs)1 2017 2018 2019 LTM H1 2020

Maritsa 30 65 34 46

Mexico - - 45 45

Austria Wind 8 4 9 43

Solar Europe excl. CSP2 55 38 45 21

Spanish CSP - 35 77 19

Caribbean 9 5 11 18

CG Solutions3 41 15 14 15

Cap des Biches 7 17 12 12

Brazil Hydros 55 14 17 9

Vorotan 13 9 10 8

Colombia 8 4 12 7

Peru Wind 5 15 9 6

Togo 6 7 4 6

KivuWatt - 4 4 5

Arrubal 28 18 13 3

Brazil Wind 5 (0) (10) (9)

Total 270 249 307 253

4

214

155

4

(46) (6) (12)

Adj. EBITDA H1 2019 Scope Farm-downs Commercial andresource

FX impact Adj. EBITDA H1 2020

161

213

11

46

(6)

Adj. EBITDA H1 2019 Organic Mexican CHP FX impact Adj. EBITDA H1 2020

Successful Integration of New Assets Drives GrowthAdjusted EBITDA bridges

ADJUSTED EBITDA – THERMAL DIVISION1 ($m)

ADJUSTED EBITDA – RENEWABLE DIVISION1 ($m) Farm-down gains in CSP and Solar Italy and Slovakia in H1

2019

Weaker EUR and BRL

31

InterPorto acquisition in June 2019 (+$2.6m) and Austria Wind repowering

(+$1.6m)

Weaker EUR and BRL

Mexico CHP acquisition, completed in November

2019

(1) Total divisional Adj. EBITDA of $368m before corporate overhead. Corporate overhead of $17m

Mainly higher availability revenue and lower O&M costs

Commercial improvements in Brazil wind (+$6m) offset by negative resource in Spanish CSP (-$7m), Brazil Wind (-$2m) and Vorotan (-$3m)

202

301

237 232

291

203

251 251

196

32 33 41 41 43 34 34 38 38

6.3x

9.2x

5.7x 5.6x

6.8x

6.1x

7.4x

6.6x

5.2x

(0.5x)

0.5x

1.5x

2.5x

3.5x

4.5x

5.5x

6.5x

7.5x

8.5x

9.5x

-

50

100

150

200

250

300

350

400

450

500

Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20

CFADS (LTM) Annualized Debt Service

DSCR Incurrence Level (2x min)

Leverage Ratio1 DSCR1

In $m or multiple In $m or multiple

Continued Strong Bond Credit Metrics5.2x DSCR & 3.6x Non-Guarantor Combined Leverage Ratio as of June 2020

32

(1) DSCR and Leverage Ratio (Non-guarantor combined leverage ratio) as defined in Bond Indenture

1,196 1,132

1,587 1,712

2,399 2,222

2,029

2,430 2,313

345 341 456 476

614 580 567 688 649

3.5x 3.3x

3.5x 3.6x 3.9x 3.8x

3.6x 3.5x 3.6x

(0.5x)

0.5x

1.5x

2.5x

3.5x

4.5x

5.5x

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20

NGPTI Prop. Adj. EBITDA (LTM)

Leverage Ratio Incurrence Level (5x max)

Segment Facility / Project Name LocationGross Cap.

(MW)Number of

Assets Fuel Type1ContourGlobal

Ownership COD Power Purchaser PPA Expiration

Maritsa Bulgaria 908 1 Coal 73% 1978 NEK 2024

Arrubal Spain 800 1 Natural Gas 100% 2005 Gas Natural Fenosa 2021

TermoemCali Colombia 240 1 Natural Gas / Diesel 37% 1999 Various N/A

Sochagota Colombia 165 1 Coal 49% 1999 Industrial companies 20242

Togo Togo 100 1 Natural Gas / HFO / Diesel 80% 2010 CEET 2035

Cap des Biches Senegal 86 1 Oil /Natural Gas 100% Q2 2016 / Q4 2016

Senelec 2036

Energies Antilles / Energies St Martin

French Caribbean 35 2 HFO / LFO 100% 2000; 2003 EDF 2020; 2023

Bonaire Dutch Antilles 38 1 HFO / Wind 100% 2010 WEB 2025

KivuWatt Rwanda 26 1 Biogas 100% Q4 2015 EWSA (ex-Electrogaz & REC) 2040 (expected)

Total Thermal 2,398 10

Mexican CHP assets Mexico 518 2 Natural Gas cogeneration 100% 2014/19 Mexican industrial/commercial 2020-2040

ContourGlobal Solutions Europe – Nigeria –Brazil

126 10 Natural Gas / Diesel / LFO 100%;100%; 80% 1995-2015 Investment grade global industrial companies

2020-2032

Total High Efficiency Cogen 644 12

Chapada Complex Brazil 438 3 Wind 51%, 51%, 100% 2015; Q1 2016 CCEE; distribution companies 2035

Vorotan Armenia 404 1 Hydro 100% 1970 AEN 2040

CSP Portfolio Spain 250 5 CSP 51% 2010 CNMC 2034-2037

Hydro Brazil Brazil 167 9 Hydro 79%3 1963; 1992; 2009-2012

Distribution companies 2027-2042

Asa Branca Brazil 160 1 Wind 100% 2013 Distribution companies 2033

Austria Wind Austria 147 10 Wind 94% 2003-2014 OeMAG 2016-2032

Inka Peru 114 2 Wind 100% 2014 Distribution companies 2034

Solar Italy4 Italy 77 48 Solar 51% 2007-2013 Gestore Servizi Energetici S.p.A 2027-2033

Solar Slovakia Slovakia 35 3 Solar 51% 2010-2011 Distribution companies 2025-2026

Solar Romania Romania 7 1 Solar 100% 2013 Distribution companies 2028

Biogas Italy Italy 2 2 Biogas 100% 2013 Gestore Servizi Energetici S.p.A 2028

Total Renewable 1,801 85

Total portfolio 4,843 107

ContourGlobal Portfolio

Thermal Renewables

(1) HFO refers to heavy fuel oil, and LFO to light fuel oil(2) Sochagota has already signed 5 contracts to replace existing PPA, extending expiration to 2024, with an additional 5 year extension in option(3) Capacity weighted(4) Italian solar assets in 20 clusters

IR InformationNext Events & Contact Point

Date Event Location

September 11J.P. Morgan European

High Yield & Leveraged Finance Conference

Virtual

September 23-24

Morgan Stanley Utilities and Clean Energy

SummitVirtual

September 30Unicredit Annual High

Yield ConferenceVirtual

Next IR Events

34

John SmeltSVP, Investor Relations

Email:john.smelt@contourglobal.com

Corporate Websitewww.contourglobal.com

Investor Relations www.contourglobal.com/investors

IR Contact

Web Resources

For further information please visit www.contourglobal.com