Slide 1: Econergy Q1-26 investor presentation
C*econergy 2 UNWIN Q1-26 jinn jIwW7 Naxn
Slide 2: Disclaimer
C©econergy | a1-26 jin pw7 myn D77A OTWNT IN/) ODT NAAN INWE NT TA NAA TATA MwA NwH ATA Mana 1030" ,"09WN Yive TNT WN He MAYNA WNNA AT Nayna NAINA VENA winwAN ARYIND OTT Viv" 07997 N97 '7N'YIVID Y'WN 797 Y7NIN .11NI AYPWAT 1NW7d ANN yiv" IN "7979 ."1O'N 410A NMI 191NIT Iwnnnn on ye ni7 .N7NYIVION IN
Slide 3: C©econergy | a1-26 jin pw7 myn 7'11n INOIUEN IPP
C©econergy | a1-26 jin pw7 myn 7'11n INOIUEN IPP "IPN 7Y TYAVIWDNA NI'7I O'TI'N VIN £ 7 MPA AVN Wn'ny mMipn OT 7H DNA ;7WII 'NID'N VAY DOIN WI NinpA UNI-TII 1-2 7H Ty NWI OTN NIN 80% ,NVWI NIN'd 'wIN 50 7yN ona M&A 1I7'WI va Mww 79 DIN7 No ANIWNI N'ziv9n nia — ° ° MID'N "DVWINA ITD TIN TN'AYN VIINI
Slide 4: Oeconergy | asian per mn 7N'NY7 NETANA TAIN ‘niyawN F71DVIUD
Oeconergy | asian per mn 7N'NY7 NETANA TAIN ‘niyawN F71DVIUD wiry © nwIn, NANOA A7VNAA Niwa ANA Nap ANNI AIIN7 16 pwn 12 anpan7nn7 0.6 aq7yon1 nnpnt npn NNIW7 ‘71 11N o7Tpnn nin'd nin'o "7190119 2"1D Wn? Nw21n1
Slide 5: Ceconergy | Q1-26 j19 IW7 Mayn NYNINI napy 7n'ny
Ceconergy | Q1-26 j19 IW7 Mayn NYNINI napy 7n'ny a'n7 o831In! ONIN aAnpAT (GW) anja D711NA Dy7'ND WW_* 2022 2023 2024 2025 2026E 2027E 2028E
Slide 6: C©econergy | a1-26 jin pw7 myn 11Y1 neniynawn neinnonin
C©econergy | a1-26 jin pw7 myn 710 11Y1 neniynawn neinnonin WN 60% 7Y CAGR :7Wli 11¥1 NYNIN Nn'ny y, 45 +60% aW7 3.5 15 OWN 7WIn INI 71790 NANA NeTAN7 Aly manja o3wW7 netnna o'0I ne ptnnl » 16 17 17 nopwWA WY0 NANANA swiwda7 j"79"9 Mn nin'd '27WN O'D9'ND O17 NNIIn N73! np 08 13 04 13 VW AAPA 7W AWN
Slide 7: Qeconergy avseimew os” gyn ow) VAN P7N ,7WA NN N1VII7 IN |I"'7'N 280 D
Qeconergy avseimew os” gyn ow) VAN P7N ,7WA NN N1VII7 IN |I"'7'N 280 D 7W1 11x n7Y9n1 ninwn niain nonon mNpAa NaN mNpn NADI 06” a7y9n1 nnpna anpn NNW 7w111y wan? nvaint NAY"N IW — 11771 7AWN NVINN DO" 9D) DINI DVIN'T7 JY WNT 7WI 7a mana pn a0 o9wa m4na 7 o-nIvAWA ninja 2.6GW 3.5GW .PV |anin povA “TI
Slide 8: Source: Baringa Research
Geconergy | at-26 jin pw myn "WY TY7 DMN 7NWN7 Wip'11 APTN WN'NY7 ‘oN D'Wip'an 7InANI ‘nin VINAD "D7 TWDIVNI TAWN Wipd "DY 52035 Ty 36% 7 717A "DY DIVA TAWNA "WIP ® :2010-2035 ,AVW UNIT 45 3.9 7™% °? ("3W7 -0.5%) nin? Twnn7 ONDY onND OWIN 34 3.3 3.2 33 UR a nown?7 2'¥' ODI nuA71 Winn 24%-7 YIN7 DMIO
Slide 9: GAP 2030E
54% 44 34 25 17 15 2000 2005 2010 2015 2020 2025 827 750 734 475 365 673 273 224 194 169 159 170 148 77 118 108 2025 GAP 2030E 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Slide 10: 110% 100% 90% סולארי +אגירה סולארי 80%
110% 100% 90% סולארי +אגירה סולארי 80%
Slide 11: Geconergy | at-26 jin pw myn
Geconergy | at-26 jin pw myn Oow nnaxnin 101V0N 19'W7 O'N"n O'y7'NDA 791 co-location VAD NV NiNtwn iwi 10937 NINA 71NI7 Standalone TINIWN 119'Y7 merchant-7 719'wn ,7731Wn Oy Vy pw nn 71N'I7 Standalone mwi7nnn 7wW 7 711'TN OY wl NIVATTA AVIN NMAVWODRN ITZ Niynwn N'Y 7N'YIVID VEDI NWOT OY PWIA NNWIWDN
Slide 12: Oeconergy | asian per mn 71Y0N '‘NiyNWN DVIY'I "DYE NINYINA 71719
Oeconergy | asian per mn 717 71Y0N '‘NiyNWN DVIY'I "DYE NINYINA 71719 Om win'nt anpA 'NMw ,O'DI) 7109 ‘NNW N10IIN 7719 NT niojjn EBITDA FFO 376 (277) 301 (222) 224 184 164) (138) 150 (164) (112) 112 . Th 61 bt (83) 33 (62) 23 (51) 13 35 9) (1) om © fH = |_| — |_| 2025 2026E 2027E = 7wi1iy 2025 2026E
Slide 13: C©econergy | a1-26 jin pw7 myn
C©econergy | a1-26 jin pw7 myn WMT NET 7Y NODIANGA N'DII'D NwN'N ie 60% an 1 TANIA [PAL TIA 74AAN Iv7'N 220-3 7Y O'nivAWA D'DI' OPINOMTANN NDIINo NN 2026n7nnn wR IPR [TN 63-3 7H "YVA 1 71T. FB ain "y TN! ABILYT “> 2026 n7'nnn (Moody's) 40% VT N'DIF'D NIN 4 = 7.) to owin'n/ DONIW nin niw'na NT'NY7 NP
Slide 14: Appendix
Slide 15: BESS PV
Oeconergy | asian per mn TVA UTI Tip'N DY pw N71 WAN Npxnl nein neinnona Co-Location n"101UDN YNNA plwl 711 janw noni WV7IN TON oy WANA pW DUNN! ay VANDI TN UT ANI D'nyAWnAL OWA DY~PNwWAN ®p-niyawn (GW) Jana piwa ana eT TROT 1090 AY Nan a y 2026 17711 OECD -7 ninwyA ‘py [yan ommarainn Z an = nwaan N
Slide 16: Ceconergy cme — AWTNNN WIN PII 179NI AVIWODN Tp'N 3190'11
Ceconergy cme — AWTNNN WIN PII 179NI AVIWODN Tp'N 3190'11 pb 7INN O'DI31 'niynwn 717 OV (MW) 19XN AVIN MANA V7IDV119 aNIna nwinnn 7 n'niyawa mn (MW) anpa jat nwa AAPA 73701901 03 NYVWDN 1009 oy ne7'7Wn NIYWI 7 NN! ADIN I mpna BL nvr arainn on jy pv i eess 495 415 108 428 © 59 ©) 508 Tl 431 SIRT HOM
Slide 17: € € = 2022 2023 2024 2025
€ € = 600 400 200 2022 2023 2024 2025
Slide 18: DSO
87% 52% פחם DSO 31% מתחדשות 7% 2014 2016 2018 2020 2022 2024 2026
Slide 19: Ceconergy | Q1-26 j19 IW7 Mayn miynwn IN'IYIVID py pw “1I7'N
Ceconergy | Q1-26 j19 IW7 Mayn miynwn IN'IYIVID py pw “1I7'N TIYAWN 7A'NIVIO OY 7'70'NI NIWTANA NNAW9V79 (MW) @'70'N1 “NiIvAWN 7177 "DY mw7nnna 7H n'niynawn 11'Tn 7nwNA WN" 3"70N TNX NwInANnA "T1N N'Y FW N71 1'7'N 4a ana 790'NI MNwInnn7 38% 30 JAIN AWAN N77 PIN wi “s 26 mn'ny wan © 15 149 yIvgd7 nn
Slide 20: Cumulative capital investment of EUR 137 million
השקעת הון מצטברת של 137מיליון אירו
Slide 21: Ceconeray | casinn pwn IN) '9731N TD 7Y WIT NW 111Nn
Ceconeray | casinn pwn IN) '9731N TD 7Y WIT NW 111Nn amu DWT OJIWA NIDDANA WDD WWAN TIN Duan 5 a1 450MW inp p49 16 435MW © Duan 31 nimi nina © 43iMw © 100MW © 1.35IMW @ o7pnn nin'9a niswa memw 985MW. 9siMw TPAMOP7 NIWA © S59MW © 105MW © weMw SMW 8 anpAI NIA © soMW © 2,459MW n non A7VOTA NIWA & 1916M
Slide 22: Qeconergy | 0126127 pu man maw) nenin nei7y n'y NINN NpPNN N11d0
Qeconergy | 0126127 pu man maw) nenin nei7y n'y NINN NpPNN N11d0 nn nnn © C m70'N ib} asan () 1) ad senna a7 ntan 8 10 0 79a PV -7 AWN 60 90 80 n7! 7wa np wwya 70 “0 —_— mn op77 Nn (OMWh-7 WI PV-7 ThwNA 40 50 “0 NWTNNN IN 20 30 20 m'tnnd o7NN 'oxn 10 NINA NII ° 2026 2027 2028 2029 2090 2031 2092 203
Slide 23: Balance sheet as of 31.03.26
Geconergy | at-26 jin pw myn € 'JI"7'N1 31.03.26 D7 TNINN [TNN 31.12.2025 31.03.2026 120 264 o'NuIW O09) 310 Ba 986 1,053 O'NUIW N7_O'DI) 3"10 1,106 1,317 0'D3) 3°10 136 125 moviw neiaenna 310 530 690 MNOUIW N7 MINNA "7D 666 815 meianna "10 440 502 Wa "10 1,106 1,317 tai nmaenna "10 23
Slide 24: Qeconergy | cr2sunn nu mun € 3l'7'NI 31.03.26 D7 TNINA TOOT! NIN NIT
Qeconergy | cr2sunn nu mun € 3l'7'NI 31.03.26 D7 TNINA TOOT! NIN NIT 31.03.2025 31.03.2026 32 6 mova 3710 Ba (7) (13) ninyia 30 25 (7) “7iy9n (109m) nn 1 (11) [in'n (Maw) N1j3971 26 (18) pn 197 19) (1D97) NIN ie) ie) bn navi ADIT 7y (o'0'n) Ort wintnAn NiodIAA TINA MN'n 27-9 24
Slide 25: Non-GAAP measures
@econergy | arz6iin aw msn Non-GAAP !'11N7 ninth -DgawNA OANA '9 7y 9D N77 OTT ONNAA,,OVAIAIWN OTTN ON IA Non-GAAP 0039 OTT OF ANA 'y_'ND 7w FCF-71 FFO-7 EBITDA-7 170 “Ty sTTNnA wn NVwW_I O'7O10N MANA No'7wWI Aw NAwA7 ON AYIIAI O'7119NA NNwANAA HNN - TY TT 7y MAINA NIWwAT Niptnin neva Ney / nipatnin
Slide 26: Notes on Q1 2026 data
Occonergy | arzeunn nen man 2026 'nn | Q1-2026 D'y'*pWN NAyYN7 O"71W nnyn YO FINA ATAAD ATTA BIO WIN7 WI TAY YO TIO YTD Man MwA a STATIN MAA OWA wNND TNX 797 TwID y¥IND Aw TA TMNON TVYETA DOAN? TOT Tw! MNTD TMNWN OW WONT NMI 7272 TWN IVI FFO EBITDA MOM YIN 2 Tw NWA YYID TY OMOY TW ANNA WAT OFMDA AMO
Slide 27: Geconergy | at-26 jin pw myn
Geconergy | at-26 jin pw myn ONNIN 'NIW N'TIRN NAN NIT O"NIN7)'I O'VVTWV07 © O GREENHOUSE GAS PROTOCOL 17 HN 2025 77yN TINA AA W777 "7 mieytan ow" C-econergy THN / ESGNIYD } ) ( mmaalaESGindex 25) Maala ESG Index ~ 2025 * “a = ey ow 77 94N ESG "IIIPN DTINN NAN NIT NynvA7 OWN 117 [YA "7A "NIDN @ 1nn
Slide 28: Resko, Poland
Resko, Poland