Altea Green Power S.p.a. · MIL:AGP
Altea Green Power — STAR Conference 2025
31 slides from Altea Green Power's conference presentation, Mar 27, 2025
Slide 1: STAR Conference
STAR CONFERENCE March 27th, 2025
Slide 2: Speakers
Speakers Giovanni Di Pascale Salvatore Guarino Giancarlo Signorini CEO General Manager CFO alteagreenpower.com 2
Slide 3: Index
Index At a glance Market Update Financial Pipeline & Backlog Annex alteagreenpower.com 3
Slide 4: At a glance
At a glance COMPANY KEY FINANCIAL OVERVIEW KEY OPERATIONAL KPI FIGURES Leading player, listed on Euronext STAR Strategic partnerships in the US and TOTAL REVENUES Milan, in project co-development, in the CAGR +79% Italy with companies such as Iberdrola, BESS storage sector and in 35.4 Enlight, Aer S
Slide 5: Our history
Our history Altea Green Power (AGP) Incorporation of Altea Green Power Altea Power, Altea Green AGP has unveils its BP24-28. involved in energy Power ends the and gas trading created a It also completes energy trading Starting Altea Energia business AGP pipeline of 2.5 the translisting EPC develops
Slide 6: How we operate
How we operate Altea Green Power: a solid partner for your investment Land Preliminary Connection Engineering & Authorization scouting agreement requests submitting procedure We carry out We proceed We take care We carry out We take care a preliminary with negotiation of the energy preliminary of th
Slide 7: Market
Site Green Power MARKET
Slide 8: The Terna-Snam scenarios: photovoltaic sprint in the next years
The Terna-Snam scenarios: photovoltaic sprint in the next 6 years In October 2024, the new energy scenarios developed by Terna and Snam were published, detailing the installation targets for photovoltaic and wind power plants (offshore and onshore) for 2030, 2035, and 2040. Elemens, LookOut Report Q
Slide 9: The Terna-Snam scenarios for wind power development in Italy
The Terna-Snam scenarios for wind power development in Italy Elemens, LookOut Report Q4-24 alteagreenpower.com 11
Slide 10: The electricity system redesigned by the Terna-Snam scenario
The electricity system redesigned by the Terna-Snam scenario Elemens, LookOut Report Q4-24 alteagreenpower.com 12
Slide 11: Update
Site Green Power UPDATE
Slide 12: 2024 Business update
2024 Business update CO-DEVELOPMENT AGREEMENT FOR "BESS” PROJECTS • Total capacity topping 1.6 GW • Sale's value exceeds € 68 M, with an additional success fee of up to € 15 M BESS PROJECT IN PIEDMONT AUTHORISED BY MASE • BESS plant project with a capacity of 250 MW • Authorization process completed
Slide 13: 2025 Business update
2025 Business update BESS PROJECT IN BASILICATA AUTHORISED BY MASE • BESS plant project with a capacity of 200 MW • Authorization process completed in 21 months • Generate cash flows of around €13 million over the next 15-18 months STRATEGIC COLLABORATION WITH BYD • Signed a Mou (Memorandum of Under
Slide 14: AGP in Italy and worldwide
AGP In Italy and worldwide Expertise, professionalism, quality and a focus on local communities TOTAL PIPELINE PIPELINE ITALY 5.0 BESS 0.6 PHOTOVOLTAICS & GW GW WIND ENERGY USA 1.4 GW ITALY under 5.6 GW STORAGE PV AND WIND development under development 20 MW installed alteagreenpower.com 16
Slide 15: Actual Backlog
Actual Backlog VALUE (€/000) TYPE Gross Net BESS 117,9 + premium* 91,8 PV/WIND 32,6 7,5 EPC 1,6 0,2 Co-Development Backlog 152,2 + premium* 99,4 about € 100 million yet to be collected • Gross value represents the total signed contract • Net value represents the value to be still collect as of Decem
Slide 16: BESS: Commercial Structure Milestone
BESS: Commercial Structure Milestone SPA Closing ▪ Land rights granted. Share Purchase Agreement 10% ▪ Connection to National Grid granted. Development Service Agreement AU Submission 20% ▪ Preparation of the Project Design for the Authorization filing. ▪ Submission to the Authorizing Authority of t
Slide 17: Financials
Site Green Power FINANCIALS
Slide 18: FY 2024 – Results highlights
FY 2024 – Results highlights Total EXTRAORDINARY FINANCIAL RESULTS WITH revenue EBITDA SIGNIFICANT INCREASES VS FY 2023 € 35.4 M € 21.9 M +118% +200% • Revenue (+118%) mainly due to the co-development contract for the 9 BESS Storage plants in Italy and the progress of the authorisation processes for
Slide 19: EBITDA Bridge
EBITDA Bridge +118% EBITDA 62% EBITDA Margin € 21.9M vs € 7.3M in FY2023 45% in FY2023 €/mln alteagreenpower.com 21
Slide 20: NFP Bridge
NFP Bridge €/mln alteagreenpower.com 22
Slide 21: 2025 Guidance and 2028 Financial Targets
2025 Guidance and 2028 Financial Targets EXTRAORDINARY FY24 EXCEED THE CHALLENGERS 2024 GUIDANCE • 2025 guidance in line with AGP growth strategies • 2028 targets of the 2024-2028 Business Plan confirmed Guidance 2024 FY 2024 Guidance 2025 Targets 2028 Revenues € 31-34 M € 35.4 M € 46-51.5 M € 60-73
Slide 22: Annex
Site Green Power ANNEX
Slide 23: The Business areas
The Business areas CO- PV DEV. OWNED EPC STORAGE ITALY ITALY AND EE USA Storage Construction Engineering Development of Photovoltaic of Photovoltaic Procurement Storage projects Wind Systems Owned Construction in the USA in Italy and Energy Efficiency alteagreenpower.com 25
Slide 24: Expertise
Expertise Photovoltaics, wind power, storage, energy efficiency Altea Green Power OUR STAFF is an ever-growing 34 people company that consistently adapts, offering businesses, funds, and GRADUATES investors a successful combination: the 75% reliability and compliance of a top player, paired with the
Slide 25: FY 2024 Income Statement
FY 2024 Income Statement REVENUE €/000 • At €35.4M, +118% vs FY23 due to co- FY 2024 FY 2023 % development contract for the 9 BESS Storage Revenues 34,913 15,476 126% and to the progress of the authorisation Other revenues 461 787 -41% processes for the storage projects. Total Revenues 35,374 16,263
Slide 26: FY 2024 Balance Sheet
FY 2024 Balance Sheet €/000 31-dic-24 31-dic-23 Non-current assets Intangible assets 180 5 Tangible assets 739 1,016 Deferred tax assets 93 134 Other non-current assets 1,544 1,544 Total non-current assets 2,556 2,699 SHAREHOLDERS’ EQUITY • At €34.9M vs €17.4M in FY23 mainly due to Current assets th
Slide 27: FY 2024 Net Financial Position
FY 2024 Net Financial Position €/000 FY 2024 FY 2023 A. Cash (1,870) (502) NET FINANCIAL POSITION B. Cash equivalents and cash - - • At €7.4M vs €4.4M in FY23. The variation C. Other current financial assets - - is mainly related to the strong investments D. Liquidity (A + B + C) (1,870) (502) incur
Slide 28: Business Strategy
Business Strategy Consolidation of AGP's position as a player in Ongoing US development* in both the sector of the development of BESS the Storage and Mixed Solar sectors, projects in Italy with a market share of no and through new joint ventures in less than 10%. which AGP holds a majority position
Slide 29: Investment Highlights
Investment Highlights OPERATING EXPERIENCE AND PARTNERSHIP PROFITABILITY RELIABILITY 1 2 3 Strategic partnership in US and in Very high EBTIDA margin: Experience in identifying areas of Italy ≈ over 50%. development and reliability in the execution of work. SKILLS IN-DEPTH KNOWLEDGE KNOW-HOW 4 5 6 D
Slide 30: Management team
Management team G. Di Pascale S. Guarino G. Signorini CEO General Manager CFO P. Galassi R. Malandrino E. Martoglio Head of Business Dev. Head of Legal and Head of Business Energy Efficiency Corporate Affairs Dev. Renewables alteagreenpower.com 32
Slide 31: Altea Green Power S.p.A.
Immagine che contiene simbolo, cerchio, giallo, Carattere Altea Green Power S.p.A. Descrizione generata automaticamente Sede operativa via Chivasso, 15/A - 10098 Rivoli (TO) - Italy Immagine che contiene simbolo Descrizione generata automaticamente Sede legale corso Re Umberto, 8 - 10121 Torino - It