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in further civil and criminal penalties. All rights reserved. © 2016 Carrier Corporation

Guillaume Burvingt, Director Product ManagementCarrier Commercial Refrigeration Europe

SegmentTrends-CO2 Systems inEurope

SEGMENTEVOLUTION&CURRENTSTATUSCarrier™ CO2 projectsinEurope

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3000+ projects

Source: Carrier Commercial Refrigeration Europe

Project uptaketrendCO2 ProjectEvolution

Number of CO2 projects in operation > tripled in last 3 years

LEGISLATIONANDHFCS

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EU F-Gas Regulation (EU/517/2014)

§ Cap and phase down of fluorinated gases

§ HFC refrigerants increasingly restricted over time

§ Restrictions and bans on use of HFCs in certain applications, effectively phasing out high GWP refrigerants

§ Natural refrigerant CO2 not affected

Local Legislation§ Additional local legislation including bans, taxes and restrictions on use

of high-GWP HFCs

Global Paris Climate Agreement§ Agreed by 195 countries in Dec 2015, with aim of limiting global

warming to below 2oC. Due to enter into force in 2020.

§Transcritical CO2 a standard solution for supermarkets and hypermarkets

§Continued uptake by discounter segment§Development of small store CO2 solutions§Attractive life cycle costs §CO2 not affected by F-Gas Regulation

2010 2011 2012 2013 2014 2015

Projectsinoperation

Year

Carriertranscriticaldiscounterprojectuptaketrend

CO2 SEGMENTTRENDSDiscountersandsmallstores

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2010 2011 2012 2013 2014 2015

Projectsinoperation

Year

Carriertranscriticalindustrialprojectuptaketrend

§Momentum in transcritical warehouse segment§ Larger rack cooling capacity available§ Improving energy efficiency§A1 safety classification §Copper pipe work can be used§Excellent refrigerant for heat recovery §Trusted and well established technology

CO2 SEGMENTTRENDSRefrigeratedwarehouses

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Málaga 18°C

Valencia 17°C

Madrid 14°C Barcelona 15°C

Porto 14°C Marseille 14°C

Lyon 12°CMilan 13°C

Florence 15°C

Rome 16°C Athens 18°C

Tirana 16°C

Thessaloniki 16°C

Budapest 11°CTrieste 14°C

Berlin 9°C

Oslo 5°C

Delft 10°CLondon 11°C

* Climate regions shown are an approximation

"Warm climates" >15oC

"Mild climates" 8-15oC

"Cold climates" <8oC

§ Proven efficiency of transcritical DX CO2 systems in cold to mild climates

§ Carrier adjustable ejector developed, contributing to attractive energy

performance also in warm climates

§ Variable flow to ensure optimal part load performance

§ May be combined with economiser cycle, liquid pump…

§ >20% energy savings possible in warm climates1

§ Also offers energy savings:Ø In mild climatesØ In cold climates, during heat recovery mode

High efficiency transcritical CO2 solutions now available for all European climates

ADJUSTABLEEJECTORHighefficiencysolutionsforallofEurope

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Carrieradjustablevapourejector

1 'High Efficiency' rack configuration including ejector, vs standard CO2OLtec transcritical booster system. Rack only.

ADJUSTABLEEJECTORFieldtrialstatus§Measuring operational performance, efficiency and reliability

§Field trials in operation since October 2014§>20 ejectors delivered to date§Projects in Spain, France, Netherlands, Switzerland

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Carrierhastherightrefrigerantforeveryapplication,buteveryapplicationwillnothavethesamerefrigerantsolution.

Thankyouforyourattention!Forfurtherinformationpleasevisitourwebsite

www.carrier-refrigeration.com

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