Title: UKW Factsheet – Q1 2026 URL Source: https://documentscdn.financialexpress.net/Literature/02C2C36A41E45BDA5F82B60AE9618F82/241209827.pdf Number of Pages: 2 Markdown Content: UKW Factsheet – Q1 2026 1 Humber Gateway wind farm ## As at 31 March 2026 Investment objective: The Company’s aim is to provide investors with an annual dividend that increases with CPI inflation while preserving the capital value of its investment portfolio in the long term on a real basis through reinvestment of excess cash flow. Investment policy: The substantial majority of the investment portfolio will be operating UK wind farms. The Company intends to maintain a balanced exposure to power prices. Aggregate Group Debt will not exceed 40% of GAV at drawdown. # £4,978m £2,897m 97.0p Dividend track record (p/sh) Gross Asset Value (‘GAV’) Net Asset Value (‘NAV’) Share price > S # £2,094m 134.2p 10.70p Market capitalisation NAV per share 2026 dividend per share target > As at 31 March 2026 (unaudited), updated for removal of Carbon Price Support from April 2028 ¹Period from IPO in March 2013 Portfolio output and cash generation • Q1 generation 4.2% above budget; positive trend continues into Q2 • Q1 dividend cover of 2.3x with net cash generation of £131m (+11% y/y) • Strong Q1 generation and higher power prices will flow into Q2 net cash generation; performance to date underpins full-year guidance for EBITDA of £560-660m and dividend cover of 1.7x NAV movements • The Company hedged 1TWh of merchant power during Q1, and now has c.68% of cashflows fixed for the next 12 months • Higher power price futures through to March 2028, discounted to reflect volatility, were partially offset by a modest decline in longer term consultant curves • Unlevered discount rates increased by 25 bps, with a further 25 bps for Renewables Obligation cashflows, offsetting the advance in UK inflation expectations. The implied levered portfolio IRR now stands at 11.5% • 31 March 2026 NAV updated to reflect the removal of Carbon Price Support (“CPS”) from April 2028, following further extensive analysis from the Investment Manager and consultants using updated power prices Capital allocation • Robust cashflow supports the Company’s 2026 capital allocation priorities • In line with its priority to reduce gearing, the Company repaid £30m of RCF, leaving Aggregate Group Debt at £2,081m (including MTM) or 41.8% of GAV Pence per share NAV as at 31 December 2025 133.5 Net cash generation 6.1 Dividend (2.6) Depreciation (1.4) Power Prices 1.2 Inflation 3.0 Discount rates (3.6) Other 0.1 NAV as at 31 March 2026 136.3 CPS removal from April 2028 (2.1) NAV updated for CPS removal 134.2 ## UKW portfolio comprises interests in 49 operating wind farms > 4.50 > 6.16 > 6.26 > 6.34 > 6.49 > 6.76 > 6.94 > 7.10 > 7.18 > 7.72 > 10.00 > 10.00 > 10.35 > 10.70 > 2013¹ > 2014 > 2015 > 2016 > 2017 > 2018 > 2019 > 2020 > 2021 > 2022 > 2023 > 2024 > 2025 > 2026 Additional top -up dividend of 1.24p/ sh paid in 2023 202 6 dividend target # UKW Factsheet – Q1 2026 UKW Factsheet – Q1 2026 ## UKW 1.9GW portfolio About Greencoat UK Wind Listing LSE Main Market since Mar 2013 Index inclusion FTSE 250 Ongoing charge (%) 0.83 (31/12/2025) Dividend payment dates May, Aug, Nov, Feb Company year end 31 December Company launch date 26 March 2013 ISIN GB00B8SC6K54 Bloomberg UKW LN SEDOL B8SC6K5 LSE ticker LON: UKW Registered company number 08318092 ## Fully Independent Board UKW Management team ● Lucinda Riches , Chairman ● Nick Winser , Senior Independent Director ● Caoimhe Giblin , Audit Committee Chairman ● Jim Smith , Director ● Abigail Rotheroe , Director ● Taraneh Azad , Director Matt Ridley : 23 years of investment management experience, including 16 years focused on UK wind Stephen Packwood : 21 years of experience in the renewables sector across numerous technologies including UK wind ## Investment Manager – Schroders Greencoat LLP Schroders Greencoat is a specialist renewable energy investment management firm, with £9.4bn¹ under management # £9.4bn¹ Sustainability 130+ Schroders Greencoat AUM avoided 7.7mt CO 2 in 2025 2 global team in 9 countries³ > S # >£14bn 7. 8GW £73 bn 1,5 invested across 139 transactions 440+ renewable energy assets 4 Schroders private assets AUM ¹As at 31 December, 2025. ²Avoided emissions across Schroders Greencoat managed funds. ³Team based in London, Dublin, Frankfurt, Paris, Madrid, Copenhagen, Chicago, New York, Beijing, Hong Kong and Shanghai, but some are employed by other entities in the Schroders Group including SIMNA, SIMEU and SIMHK. 4Net capacity across wind, solar, bioenergy and heat. 5Schroders Greencoat is part of Schroders Capital, the private markets investment division of Schroders. ## Contact Investment Manager Schroders Greencoat LLP 1 London Wall Place London EC2Y 5AU Investor Relations john.musk@schrodersgreencoat.com Administrator and Company Secretary Ocorian Administration (UK) Limited Unit 4, The Legacy Building Northern Ireland Science Park Queen’s Road, Belfast BT3 9DT Registrar Computershare Limited The Pavilions Bridgwater Road Bristol BS99 6ZZ Joint Brokers RBC Capital Markets Matthew Coakes T: +44 20 7653 4000 Jefferies International Limited Stuart Klein T: +44 20 7029 8000 Media enquiries ukwind@headlandconsultancy.com > The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall. Past performance is not a guide to future performance and may not be repeated . This factsheet should not be taken as any indication the company held any particular investments at any particular date other than the stated date. Nothing in this factsheet should be construed as advice and is therefore not a recommendation to buy or sell shares. The data contained in this document has been sourced by Schroders and should be independently verified before further publication or use. Issued by Schroders Greencoat LLP, 1 London Wall Place, London, EC2Y 5AU. Registered No: OC346088 England. Authorised and regulated by the Financial Conduct Authority under reference 507962 Scotland 43% Wales 2% 20 assets 1,014 MW England 47% 18 assets 618 MW 3 assets 106 MW N. Ireland 8% 8 assets 204 MW Percentage equates to portfolio value