UIM services essential for society

Ageing sewerage systems are a major problem for society

Poor current state of sewerage systems

Aging infrastructure	Significant investment need	Consistent service need	Threat from severe weather
Average network ~40 years old and in some cases they are almost two times past their life expectancy	Only ~1% p.a. of the sewerage systems are renewed in Norway	~30% average leakage rate in Norway	Severe weather further exacerbates sewerage systems condition

Increase the life of sewerage systems
Continuous maintenance prevents flooding and the spread of water-borne diseases
Integral part of the sewerage system value chain – essential for society every day of the year
Drainage and other services mission critical for institutions from utilities to hospitals
The UIM industry has its own UN sustainability target (#6 water and sewerage systems) and is crucial for implementation of UN target 11 and 13

	Average age of sewers	Share of sewers to be renewed	Overall condition of the sewerage system	Planned investments in the underground infrastructure
NOK ~3.0bn TAM	~32 years	~1.0% p.a. from 2017 to 2040	Overall bad condition with ~30% leakage	NOK ~4.8bn p.a. from 2021 to 2040
NOK ~26bn TAM	~40 years on average ~30% older than 50 years	0.8-1.2%	Overall bad condition with ~19% of sewers with medium to strong damages	Investments are significantly lower than the needed investment estimated EUR 13.5bn p.a.
NOK ~4.0bn TAM	~40-50 years	~0.5% p.a. from 2002 to 2017	Overall bad condition with ~15% leakage	NOK ~4.0bn p.a. from 2017 to 2047
NOK ~3.0bn TAM	~35 years	n.a	Overall good condition with ~6% leakage	NOK ~11.0bn p.a. since 2012

¹Norway, Germany, Sweden and Denmark. 2020 estimates.
²2020 estimates.

Source: Norva24 Offering Memorandum, 2021