Hello everyone, my name is Lars Sperre, I'm the CEO of Aker Horizons. Welcome to today's presentation of the fourth quarter results. I'm joined here today with CFO Kristoffer Dahlberg and CFO of Mainstream, Julie Berg. I will first comment upon some key developments since Q3, and then we will take you through the status of the investment portfolio and the Q4 financials. First out, carbon capture. We're excited to see both material industrial progress in the carbon capture business and a significant financial event with yesterday's dividend announcement. The ACC board has proposed a cash dividend of NOK 3.5 billion. This will provide a NOK 1.5 billion liquidity inflow to Aker Horizons when approved and executed. This material dividend amount will support the ongoing process to optimize the overall capital structure of Aker Horizons. The SLB Capture JV reached significant industrial milestones last quarter. The JV successfully completed the commissioning and handing over of the first modular Just Catch 100 carbon capture plant at the Twence waste-to-energy facility in the Netherlands. Also, the Capture JV got the material contract award with the EPCIC contract for a 400,000 ton Just Catch Unit to the Hafslund Celsio waste-to-energy plant here in Oslo. This contract award is a significant milestone in the JV's efforts to develop standardized, large-scale carbon capture facilities. Moving on to renewable energy and development in the investment in Mainstream. Firstly, Mainstream is progressing well on its construction activities for the two solar PV plants of total 150 MW in South Africa. The first plant, of 97.5 MW, is on track to start commercial operations during the second quarter this year. Also, the operational and financial results from the 1 GW Andes Renovables Platform in Chile have continued to improve from Q3 throughout Q4. Finally, we highlight the extensive work ongoing to realize further cost reductions in the business. The updated target is a 65% reduction in overhead and payroll costs compared to 2023 levels, which totals to above EUR 70 million in annual savings. Looking at our activities in sustainable assets development, there has been material progress made in the project and in partnering efforts. We are actively developing one of the most mature green ammonia projects in Europe. The project team reached an important milestone when signing a term sheet for supply of 150,000 tons of green ammonia to the German energy trading company VNG. This term sheet represents close to 50% of the planned production volumes from the plant, and it's a strong signal of continued interest in green ammonia as an enabler for net zero transition to European industries. Furthermore, we've also signed a collaboration agreement with a major European utility company, targeting an ownership share in the project company from the DG2 milestone. In the last quarter, we've also advanced our developments of the data center business. The ready-to-build Kvanda l site, which offers access to 230 MW of stable renewable energy in a very attractive energy pricing area, continues to generate good attention in the data center space. We're now working with the data center industry to develop the best possible business solution for this opportunity. Finally, over to SuperNode, a portfolio company that specializes in the development of next-generation superconducting cable systems for bulk electricity transfer. With the successful opening of SuperNode's cable technology center in Blyth, mentioned last quarter, the company is now ready to test a full-scale prototype of their superconducting technology. This is expected to be completed during the second quarter of this year. Later in the year, SuperNode is aiming to conduct a full-scale demonstration of a 30-meter superconducting cable at National Grid's Deeside facility. This will be a major milestone, providing the technology into a real-world transmission environment. We will move on to the more detailed update, starting off with our investment in Aker Carbon Capture. As mentioned, the ACC board has proposed an extraordinary dividend of NOK 3.5 billion, which translates into NOK 1.5 billion dividend to Aker Horizons. We are really pleased to see a significant portion of ACC's cash position being distributed to shareholders following the sale of the 80% of the carbon capture business to SLB back in 2024. On the industrial side, SLB Capturi, the 80-20 JV, reached significant milestones. In December, the mechanical completion of the world's first full-scale carbon capture facility at the cement plant was achieved at the Heidelberg Materials Breivik plant here in Norway. The carbon capture plant is planned to be operational in 2025 and is designed to capture 400,000 metric tons of CO2 annually. Furthermore, in January, SLB Capturi completed commissioning and handed over its first modular carbon capture plant at Twence waste-to-energy facility in the Netherlands. Completion of the plant, which can capture 100,000 metric tons of CO2 per year, proves that the technology works in full scale and marks a significant milestone in enabling affordable decarbonization. Also, in January, SLB Capture, in cooperation with Aker Solutions, was awarded an EPCIC contract from Hafslund Celsio to deliver a carbon capture solution at their waste-to-energy facility at Klemetsrud. This project is part of Longship, the Norwegian government's full-value chain carbon capture and storage project. The contract award includes delivery of a carbon capture plant, liquefaction system, storage, and loading facilities at the waste incineration site. It also includes an intermediate CO2 storage and ship loading systems at the Oslo Harbor. The CO2 will be transported to the Northern Lights permanent storage facility on the Norwegian continental shelf. The carbon capture plant is expected to be operational in the second half of 2029 and will capture 350,000 metric tons of CO2 annually. All in all, a number of strong achievements inside ACC. With that, I hand it over to CFO of Mainstream, Julie Berg, to take us through the Mainstream business. Thanks so much. In Chile, our Andes Renewables platform has seen further improvements in its commercial margin during the quarter. Construction on Ckhúri, our wind farm in Chile, is progressing well and remains on track for COD in the second half of 2025. In South Africa, we have two solar PV projects in construction. The first project continues to advance and remains on schedule for COD in Q2 this year. Additionally, construction is underway on the Eloqua project, which further strengthens our footprint in South Africa as we move to advance our pipeline in the region. In addition, we are targeting to deliver a cost-based reduction of approximately 65% by 2026 compared to 2023 levels. This further expands on the original target of EUR 45 million against which we delivered EUR 34 million of savings in 2024 alone. Moving on to the next slide and our commercial performance, the Andes Renewables platform continued to deliver a positive commercial margin of EUR 30 million, representing further improvements in Q4. This includes a EUR 7 million increase related to tariff stabilization laws' third publication. This continued improved performance was driven by lower internodal price differences on a year-on-year basis, resulting from seasonally higher hydro generation and lower withdrawal prices, combined with PPA price increases from updated indexations. At Ckhúri, positive construction progress continues at our 109 MW wind farm in the north of Chile, which was fully released for construction by the Chilean National Monuments Council in July last year. Contractors are mobilized across the main site, substation, and overhead line, and the project remains on track for its COD target in the second half of 2025. Following the successful termination of the project's disco PPA in 2023, we see interesting PPA opportunities on Ckhúri going forward. On the regulation front, and as mentioned earlier, the tariff stabilization laws' third publication has released reassessments corresponding to the period from March 2024 to June 2024. For Q4, Mainstream recognized EUR 7 million in reassessment revenues related to this program. The cash impact of this reassessment is expected to be approximately EUR 12 million. Turning to construction, we're pleased to highlight key milestones across our solar and wind projects, reflecting steady advancements towards our CO2 targets in 2025 and 2026. Firstly, our 97.5 MW solar PV project, which is supported by a 20-year corporate PPA with SASOL and Air Liquide, is progressing well towards its COD target of Q2 2025, as you can see from the aerial picture on the right. While Eloqua, our 50 MW solar PV project that achieved financial close in October 2024, has started construction with commercial operation targeted for early 2026. This project represents a significant milestone as Mainstream's first dedicated renewable energy supply agreement project, which is also one of the first of its kind to reach financial close in the South African market. This is in partnership with Investec Bank Limited. As a reminder, these projects are tailored to private off-takers and target short- to medium-term off-take arrangements through an aggregation platform. As discussed earlier, construction at Ckhúri continues to progress well, with COD still targeted for the second half of 2025. Moving on to our development pipeline, we are advancing key projects across South Africa, Australia, and South Korea, demonstrating our ability to progress diverse opportunities globally. In South Africa, the 100 MW BREDA solar PV project, which is in late development stage, pre-construction, is targeting the private CNI market through renewable energy supply agreements similar to Eloqua, with financial close expected in the second half of 2025. The project is fully permitted with land secured. Moving on to Australia, the Sunny Corner Onshore Wind project in partnership with Sumitomo Renewables is progressing well. The project has an investigative permit awarded, with LiDAR deployed and work underway on the environmental impact statement. Next key activities include the installation of a met mast in Q2 2025. Finally, in South Korea, the KF Wind project, a floating offshore wind project developed in partnership with Ocean Winds and Kumyang, is preparing for the upcoming government auction in 2025. The project has secured several significant milestones last year, including its environmental impact assessment and transmission service agreement. At Mainstream, we remain focused on our updated strategy centered on becoming a lean and focused independent power producer, leading in our core markets with an emphasis on building operating capacity through strong project execution and capital efficiency across our portfolio. In our core growth markets of South Africa, Australia, and the Philippines, we are accelerating efforts to develop a high-quality pipeline of projects. Over the past few quarters, we have highlighted in detail the attractiveness of these markets and projects. Mainstream is well positioned in South Africa with a robust development pipeline, two projects in construction, and several more scheduled to reach financial close in the foreseeable future. Our pipeline in Australia and the Philippines is focused primarily on the development of attractive onshore wind projects. This pipeline consists of 1.8 GW of early-stage projects, which have achieved a number of key milestones over the past few quarters. In addition, we are continuing to deliver on our cost optimization targets, with approximately 65% reduction targeted in our cost base by 2026 compared to 2023. For 2024, we have already achieved a EUR 34 million reduction, reflecting our commitment to operational efficiency and focus on delivering growth and value in our core markets. To conclude, Mainstream is sharpening its focus on core growth markets, South Africa, Australia, and the Philippines, where we see the greatest potential for value creation. This is demonstrated by the significant milestones achieved in 2024, including financial close on key projects, ongoing construction progress, and our development of our high-quality pipeline. As we move forward in 2025, we remain committed to capital recycling opportunities and are actively exploring new partnerships to support future growth. With a robust pipeline of projects, deep partnerships, and a clear focus on operational excellence, we are well positioned to deliver on our mission of sustainable and innovative energy solutions globally. With that, I will hand over to Kristoffer. Thank you, Julie. Starting with some highlights from Aker Horizons Asset Development, which develops industrial decarbonization assets. There have been several positive developments for Narvik Green Ammonia, which we will talk about in more detail on the next slide. During the course of Q4, an agreement was reached with Norwegian Hydrogen for the sale of the Rjukan asset. We see Norwegian Hydrogen as well positioned to mature this project to FID and onwards. As part of the agreement, AID has retained an option to enter the project at FID for up to 20% of the equity. We also experience good interest in our ready-to-build Kvandal site, with 230 MW of green baseload power available. The Berlevåg site zoning plan has been published for public hearing. The expected power balance the next seven to eight years in northern Norway has been improved over the last months. Volue has, as a consequence, taken down their price levels in their expectations for the period, reinforcing the attractiveness of our position in northern Norway. Moving to Narvik, our large-scale green ammonia project in northern Norway. As communicated last quarter, we were in late-stage discussions with a large European off-taker. In December, we announced that Narvik Green Ammonia and VNG have signed a term sheet for the supply of green ammonia from Narvik to Germany. With an intention to purchase up to 150,000 tons of green ammonia per year, the term sheet marks an important step forward, signing firm off-take contracts, which enables FID. The term sheet also includes a 50,000 tons per year option, taking the total volume to over 50% of the total capacity. Furthermore, we have completed the pre-study update for the new and optimized concept, and the zoning plan was approved by the Narvik municipality and subsequently went on public hearing. Finally, we have signed a collaboration agreement with a major European utility targeting ownership at DG2, in addition to Statkraft. Strong consortiums of partners are key to enable large-scale green ammonia projects, and the specific interest in NGA is a testament to the attractiveness of our project. Powered Land is a joint venture with Nordkraft to develop industrial sites in the NO4 power zone in northern Norway. Our nine industrial sites are strategically located close to the 420 kilovolt central grid and are at various stages of permitting for power-intensive industries, such as hydrogen-based industries and digital industries. The data center market is rapidly growing, driven by growth in AI and cloud computing. The Kvandal site, where there is 230 MW of electric infrastructure already built, is well positioned to attract customers with significant short-term need for power, both in the data center industry and other industries. We see an opportunity for very attractive project returns with short lead time to stable cash flows, as well as significant interest from a diversified set of capital sources. This marks the end of the update on asset development, and I will now move on to Aker Horizons financials. On the financials, the consolidated income statement for Aker Horizons shows a net loss of NOK 657 million for the fourth quarter, compared with a net loss of NOK 2.2 billion for the third quarter. ACC reported a net profit of NOK 21 million, of which Aker Horizons' share is NOK 9 million. The profit reflects ACC's share of loss of NOK 49 million from the SLB Capturi JV, countered by NOK 106 million in financial items from interest income and fair value changes of financial instruments. For MRP, the commercial margin in Andes was positive EUR 30 million in the quarter, equivalent to NOK 350 million, as mentioned by Julie. Revenue of NOK 592 million mainly relates to energy sales in Chile. Operating expenses consist of around NOK 300 million related to production costs in Chile, payroll of NOK 150 million, and overhead of around NOK 90 million, with the balance related to other items. EBITDA for the quarter was negative NOK 29 million. Cost reductions in Mainstream are on track. EUR 34 million in savings on payroll and overhead was realized in 2024, equivalent to NOK 400 million. Another 40 million, or around NOK 500 million, in annual cost savings are expected to be achieved in 2025 and 2026 through further cost optimization. Depreciation is mainly related to Chilean production assets, and this quarter, the NOK 99 million is somewhat countered by positive one-offs related to insurance settlements on the Elena assets. Share of net loss in JVs is mainly related to offshore JVs with development activities. Net financials in Mainstream were negative NOK 478 million in the quarter, consisting of about NOK 150 million related to the corporate financing facility put in place at the end of 2023, NOK 240 million in deferred interest on project finance at mezzanine debt in Chile, foreign exchange effects of around NOK 90 million, and other smaller items. Tax of NOK 39 million is related to deferred tax liabilities related to certain fair value adjustments in the accounts. Net loss for the quarter was NOK 689 million, whereof Aker Horizons' share is NOK 404 million. Moving to AAD. AAD reported a net loss of NOK 31 million, reflecting maturing hydrogen projects and developing the land portfolio, in addition to commercial efforts related to Powered Land. The total loss in Q4 was NOK 657 million, as mentioned, whereof Aker Horizons' share is NOK 381 million. Net capital employed reflects our initial investment in the portfolio company, adjusted for any profit lost since then, additional investments, and FX revaluations. Over time, we expect to get a healthy return on our capital employed. As of Q4, we had NOK 2.4 billion employed in ACC, NOK 2.5 billion in MRP, NOK 500 million in AAD, NOK 200 million in SuperNode, and NOK 400 million in other assets. Total net capital employed of NOK 5.9 billion, whereof NOK 3.6 billion is funded by debt net of cash and NOK 2.3 billion in equity. During the quarter, the capital employed was increased by NOK 10 million from our share of ACC results, reduced by NOK 286 million in MRP, NOK 19 million in asset development, and increased by NOK 14 million in SuperNode. Order of positive NOK 121 million is driven by a combination of sponsor fee income from MRP funding and Aker Horizons SG&A cost, in addition to gain on FX hedges. In sum, the net capital employed was NOK 5.9 billion at the end of the quarter, as mentioned. This is an overview of Aker Horizons' external financing and commitments. There is an ongoing process to optimize the overall capital structure in Horizons, and the announced dividend from ACC, which will, if approved on the General Assembly, give Horizons around NOK 1.5 billion in added liquidity. We are well positioned to address the near-term commitments with the Green Bond in August and supporting MRP with a shareholder loan. The subordinated shareholder loan and convertible bond matures in January and February next year, respectively. Aker, our main shareholder, holds over 90% of this debt. We are experiencing good ongoing support from Aker and expect to have constructive dialogues regarding these debt maturities over the coming months and quarters. Cutting costs and right-sizing the cost base is key for us. The currently undrawn EUR 500 million RCF is costly to keep, and the company has decided not to exercise the option to extend it by one year. As part of the overall optimization of the capital structure, we are considering an amend and extend of this facility with a longer maturity and a lower amount. An RCF is useful in the event that value-creating opportunities arise. Going forward, the company will seek to maintain a robust capital structure through refinancing of existing debt, capital recycling in the portfolio, cost focus, and strict capital prioritization. This brings us to available liquidity. The EUR 500 million RCF was still undrawn at quarter end, as mentioned. With a cash position of EUR 2.9 billion and the RCF undrawn, that sums up to a total available liquidity of EUR 8.8 billion at the end of the quarter. As previously mentioned, we are considering a smaller RCF going forward, which will result in a fit-for-purpose liquidity level also going forward. The net interest-bearing debt position was up from NOK 3.5 billion at Q3 to just above NOK 3.6 billion at the end of the year, reflecting mainly operating costs, interest paid, and investments in our green projects and companies. Thank you for your attention. This concludes today's presentation, and we will take a short pause before we open up for questions. We will now answer the questions about the results presented today. My name is Mats Ektvedt from Corporate Communications, and I will read out the questions and direct them to either Lars Sperre, Julie Berg, or Kristoffer Dahlberg accordingly. First question is regarding refinancing. The contemplated bond process early this year was put on hold. Now, with the dividend, what are your plans for refinancing? Would you like to answer that, Kristoffer? Yeah, thanks, Mats. In early January, we met with a broad base of credit investors with regards to a potential new bond issue. During these meetings, we received valuable feedback, which we will take into consideration as part of the process going forward to optimize the company's overall capital structure. As of Q4, as we are presented, we had a cash position of NOK 2.9 billion, and with the announced dividend from ACC, which will, if approved on the General Assembly, give Horizons around NOK 1.5 billion of added liquidity. That means we are well positioned to address the near-term commitments with the Green Bond, which matures in August, and also supporting MRP with a shareholder loan. I'd also like to add that the subordinated shareholder loan and convertible bond matures in January and February next year, respectively. Aker, our main shareholder, holds over 90% of this debt. We experience good ongoing support from Aker, and we expect to have constructive dialogue regarding these maturities over the coming months and quarters. Going forward, we will seek to maintain a robust capital structure through refinancing of existing debt. We'll do capital recycling in the portfolio. We'll continue to have strict cost focus and also capital prioritization. Very good. The next question, I think we'll direct that to Lars. What is Horizons' strategy for ACC going forward? First of all, obviously, we're happy with the dividend proposal from the board. From the Aker Horizons investment into ACC, I think we, first of all, care that there's a robust process to follow up the 20% ownership stake in the JV and the business development happening in the JV. The JV has a strong pipeline of projects, and the 20% stake and the value of that is certainly critical for us. The put value floor is NOK 1 billion, and there is material upside to that based upon how the JV performs up to 2027. In the agreements with SLB, there is furthermore an earn-out mechanic, which is also depending upon the business development up to the year-end 2027. I think for us, this is critical, and there are significant values to protect by a robust plan around ACC. Very good. I think we have a question for Mainstream here on Mainstream. Julie, when should we expect revenues from the South African projects? Yeah, we have two solar PV projects in construction in South Africa. The first will reach COD in Q2 of this year. The second will reach COD in the first half of 2026, generating revenues as they become operational. As we mentioned earlier, in addition to that, we have a further 100 MW solar PV project due to reach financial close by the end of 2025. Our strategy in South Africa is to accelerate the development and construction of our substantial pipeline, leveraging partnerships and new business models in order to create value and obviously generate revenue. Yeah, and there's another question here I think we'll direct to you as well, Julie. Is Mainstream in the process to divest its Chilean business? Yeah, so we don't typically respond to market speculation. However, we are continually reviewing our options for the Andes portfolio in Chile. At present, our focus remains on optimizing the performance of the operating projects, including consideration of storage opportunities, which is quite exciting, and on completion of the construction of the Curry project, also with COD targeted for the second half of 2025. A lot of options available to us there. Very good. There is quite a bit of interest in the data center industry here coming in. How far along are you in your discussions with data center players? I will direct that question to you, Kristoffer. Do you expect to announce a transaction? Yeah, thanks, Mats. As communicated earlier, we are exploring opportunities for our sites in northern Norway, including data centers, where we see significant growth in the demand. I guess what's unique with our position in the north of Norway is that we have abundant green baseload power. We have the Kvandal site with 230 MW ready to build at site, which we get feedback on is quite unique in a European setting. Moreover, the northern part of Norway has an attractive climate for data centers. We experience significant interest, but we'll revert back to the market when we have some concrete news to share. Also, with the incoming dividend from ACC, can you discuss a bit around how you prioritize to use this? Yeah, sure. Like I mentioned, we had our cash position at the end of Q4 of NOK 2.9 billion. If the dividend is approved, it will give us another NOK 1.5 billion in added liquidity. That means we are well positioned to address the near-term commitments with the Green Bond in August and also supporting MRP. Of course, the increased liquidity gives us flexibility to support our portfolio companies going forward and also to potentially look at new investments. I think we have time for one more question, and I think it goes to you as well, Kristoffer. What is going to happen to the DNB facility in March when callable? Yeah, thanks. Mainstream is exploring various sources of financing. That includes capital recycling, which the company has done since the inception and have been able to recycle EUR 1.4 billion of capital in the portfolio since the inception. New debt instruments are being considered. They're working hard with partnerships to alleviate some of the capital need in the portfolio. Of course, calling on the commitment from the shareholders is also one option. It is callable in March, but the exact amount and timing is not yet certain and will depend on financing arrangements in Mainstream. Very good. With that, we conclude today's presentation of the fourth quarter for Aker Horizons. We thank you for your interest. We will follow up the questions that we did not have time for here. If you have further questions, please see our website or reach out to us directly. Contact details are in the press release. We now end this webcast.