Getlink Se · EURONEXT:GET
Getlink — Investor Day (February 2026)
25 slides from Getlink's investor day presentation, Feb 26, 2026
Slide 1: Operational & Financial Excellence
OPERATIONAL & FINANCIAL EXCELLENCE INVESTOR DAY 2026 1
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Getlink SE The information contained in this presentation pertains For a detailed description of these factors and (the “Group”) solely for use at its Investor Day on 26 to our markets and our competitive positions therein. uncertainties, please refe
Slide 3: Géraldine Périchon, Deputy CEO & CFO
GÉRALDINE PÉRICHON Deputy CEO & CFO INVESTOR DAY 2026 3
Slide 4: Operational & Financial Excellence to Sustain Value Creation Sharing
OPERATIONAL &FINANCIAL EXCELLENCE TO SUSTAIN VALUE CREATION SHARING 01 02 03 04 GROWTH DISCIPLINE & SOLIDITY CAPITAL AGILITY ALLOCATION INVESTOR DAY 2026 4
Slide 5: Growth
01 GROWTH 5
Slide 6: €1 BN EBITDA Target in 2030 with Faster Growth Beyond
DISCIPLINE & CAPITAL GROWTH SOLIDITY AGILITY ALLOCATION €1 BN EBITDA TARGET IN 2030 WITH FASTER GROWTH BEYOND EBITDA in €M 1,000* 859 820-860* INVESTOR DAY 2026 6
Slide 7: Solid Levers for Topline Growth
DISCIPLINE & CAPITAL GROWTH SOLIDITY AGILITY ALLOCATION SOLID LEVERS FOR TOPLINE GROWTH HIGH SPEED RAIL % 2025 49% 26% 14% 11% Group Revenue Underlying demand Organic growth New customers With existing capacity Solid market Selective profitable Growth Drivers recovery • Continental +2.3M pax fundame
Slide 8: A High EBITDA Conversion with a Predominantly Fixed Cost Base
DISCIPLINE & CAPITAL GROWTH SOLIDITY AGILITY ALLOCATION A HIGH EBITDA CONVERSION WITH A PREDOMINANTLY FIXED COST BASE A PREDOMINANTLY FIXED-COST MODEL VERY HIGH OPERATIONAL LEVERAGE ON GROWING SEGMENTS Employee benefits expense Cost of sales & commercial costs 46% HIGH SPEED RAIL Regulatory costs, 6
Slide 9: Discipline & Agility
02 DISCIPLINE & AGILITY 9
Slide 10: Opex Discipline & Agility
DISCIPLINE & AGILITY A STRONG TRACK RECORD AT OPEX DISCIPLINE WE CLOSELY WE TAILOR OUR RESOURCES TO OUR MANAGE OUR COSTS NEEDS TO FUEL THE GROWTH SHIELD PROGRAMME: €40M SHORT-TERM LONG-TERM savings (ie 10% of 2019 total cost) FOCUS ON TOOLS FOR REAPING THE BENEFITS OF between 2019 and 2022 GROWTH AN
Slide 11: Opex Discipline & Agility: Navigating a Changing Energy World
DISCIPLINE & AGILITY OPEX DISCIPLINE & AGILITY NAVIGATING THROUGH A CHANGING ENERGY WORLD WE ARE PRO-ACTIVE TO LIMIT THE IMPACT OF THE END OF ARENH MECHANISM IN FRANCE >50% of our electricity bill was secured at ARENH tariff The end of this mechanism increases our exposure (c. €42/MWh) to market pri
Slide 12: Opex Discipline & Agility: Planned Capacity Optimisation
DISCIPLINE & AGILITY OPEX DISCIPLINE & AGILITY PLANNED CAPACITY OPTIMISATION DATA INFORMATION DECISION IMPACT Turning large-scale mission PRIORITIES DEFINITION NEW TIMETABLE FOR TRUCK & TANGIBLE planning data into precise PAX including : PERFORMANCE GAINS insights on traffic patterns Harmonised spee
Slide 13: Precise and Responsible Capex Deployment
DISCIPLINE & CAPITAL GROWTH SOLIDITY AGILITY ALLOCATION PRECISE AND RESPONSIBLE CAPEX DEPLOYMENT: WE INVEST THE RIGHT AMOUNT AT THE RIGHT TIME 5% 5% Between 2025 and 2032, 15% 35% we will invest between €170M & €220M 40% PER YEAR ROLLING STOCK INFRASTRUCTURE TERMINAL & FLUIDITY ENERGY IT INVESTOR DA
Slide 14: We Modernise Our Assets to Capture Tomorrow's Value
DISCIPLINE & CAPITAL GROWTH SOLIDITY AGILITY ALLOCATION WE MODERNISE OUR ASSETS TO CAPTURE TOMORROW’S VALUE LIFE CYCLE & GROWTH CAPEX INNOVATION CAPEX PASSENGER SHUTTLES MID-LIFE PROGRAMME SMART BORDERS INITIATIVES c.10% uplift in passenger service capacity Enabling enhanced fluidity ERTMS SIGNALLIN
Slide 15: Execution of LeShuttle Mid-Life Refurbishment Is on Track
DISCIPLINE & CAPITAL GROWTH SOLIDITY AGILITY ALLOCATION EXECUTION OF LESHUTTLE MID-LIFE REFURBISHMENT IS ON TRACK PASSENGER SHUTTLE OUR CORE PROGRAMME PROGRAMME SET TO GRADUALLY REORGANISED IN 2 PHASES DELIVER ON KEY OBJECTIVES Phase 1 (2 to 3 years) c.10% passenger service capacity increase Life cy
Slide 16: Several Projects Already Well Advanced
DISCIPLINE & CAPITAL GROWTH SOLIDITY AGILITY ALLOCATION SEVERAL PROJECTS ALREADY WELL ADVANCED… PASSENGER TERMINAL BORDER SOLAR CHECK-IN BUILDING CONTROLS PROGRAMME INVESTOR DAY 2026 16
Slide 17: Solidity
03 SOLIDITY ai 17 | SETLINK
Slide 18: A Solid Balance Sheet
DISCIPLINE & CAPITAL GROWTH SOLIDITY AGILITY ALLOCATION A SOLID BALANCE SHEET Net debt is down vs 2019 €800M with a Net debt/ EBITDA now below 4x Our financial performance in recent years enabled a significant reduction in debt Strong FCF generation fuelled by Eleclink contribution in 2022 and 2023
Slide 19: A Solid Debt Structure
DISCIPLINE & CAPITAL GROWTH SOLIDITY AGILITY ALLOCATION A SOLID DEBT STRUCTURE DEBT STRUCTURE 31 DECEMBER 2025 Nominal Accounting Debt Currency amount €M value €M Maturity Rate description Effective rate Cash interest Very long-term debt An attractive cost of debt GETLINK structure offering visibili
Slide 20: ESG Reinforces the Strength of Our Profile
DISCIPLINE & CAPITAL GROWTH SOLIDITY AGILITY ALLOCATION REINFORCES THE STRENGTH ESG OF OUR PROFILE BEST IN CLASS CREDENTIALS ACCELERATE ON OUR 96% DECARBONISATION COMMITMENT 89% -32% OF GROUP REVENUE EBITDA 57,372 54,633 High alignment on climate Group decarbonised 51,361 vs. 30% margin (Scope 1+2+3
Slide 21: A Credit Rating Fully Aligned with Our Ambitions
DISCIPLINE & CAPITAL GROWTH SOLIDITY AGILITY ALLOCATION A CREDIT RATING FULLY ALIGNED WITH OUR AMBITIONS Getlink SE’s current debt rating level of BB+ is our target Improvement from S&P and Fitch Ratings in 2025 contributed to successful issue of GETLINK SE BB+ BB+ €600M of Green Bonds in April 2025
Slide 22: Capital Allocation
04 CAPITAL ALLOCATION 22
Slide 23: Commitment to Our Shareholders
DISCIPLINE & CAPITAL GROWTH SOLIDITY AGILITY ALLOCATION THIS GROWTH ENABLES OUR VALUE-SHARING COMMITMENT TO OUR SHAREHOLDERS Dividend per share (€) 1.00* 0.95* 0.90* 0.85* A DIVIDEND 0.80* POLICY RESET: 0.55 0.58 0.50 €0.80 dividend per share in 2026* 0.36 €0.05 annual increase target thereafter 0.1
Slide 24: Capital Allocation
CAPITAL ALLOCATION €1Bn PRIORITY ON SHAREHOLDER RETURN €0.80 + €0.05 2030 ** ** EBITDA TARGET * Dividend per share in 2026 Target annual increase GEARED FOR ACCELERATED GROWTH BEYOND 2030… *Target set on the basis of the current scope of consolidation and activity, an exchange rate of £1 = €1.165 an
Slide 25: Investor Day 2026
SETLINK INVESTOR DAY2026