Romande Energie Holding Sa · SIX:REHN
Romande Energie Holding Sa — FY2025 Earnings Presentation
38 slides from Romande Energie Holding Sa's earnings presentation, Mar 31, 2026
Slide 1: Romande Energie Holding: 2025 results
Romande Energie Holding: 2025 results François Fellay, CEO Nicolas Conne, CFO Lausanne, 31 March 2026
Slide 2: Agenda
Agenda Sommaire 01 Foreword 02 Vision 2040 - Strategic priorities looking ahead 5 years 03 2025 highlights 04 Full-year results 05 Round-up 2
Slide 3: My ambition for Romande Energie
My ambition for Romande Energie Passion & expertise In-depth knowledge of the energy industry. “We’re instrumental in A genuine attachment to Romande Energie. our own future” Vision 2040 Implement our strategic roadmap. Driven to tackle the challenges facing the industry Goal: to move with more agil
Slide 4: Strengths and opportunities
Strengths and opportunities Successful company Financial strength • Recognised skills and expertise • Diversified assets • Digitalisation & innovation • Strong cash generation • Resilient, stable and robust • Non-cash contribution from EOS/ business model Alpiq Market position Untapped opportunities
Slide 5: Financially solid
Financially solid 2021- 2025 EBITDA 2021 – 2025 EBIT 250 120 10% net margin 200 201 100 80 150 152 133 129 124 60 100 50 40 Average 5-year Group net margin 20 (including associates) 0 0 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 CHF 148m CHF 50m S-holders’ equity Average 5-year EBITDA¹ Averag
Slide 6: Powerful growth impetus
Powerful growth impetus Major strategic avenues Scope of action 1) Electrification in economy • Electrification: from 20% to > 50% by 2) Modernisation and digitalisation 2050 3) Green energy transition • Manage and mine data 4) Development of infrastructure • Get ahead of curve in renewables 5) Inte
Slide 7: Vision 2040
Vision 2040
Slide 8: Major global trends
Major global trends Infrastructure-centric in transition Climate change Rising energy demand Technological advances x2 Global capacity of grid needs to double by 2050 Energy transition Declining cost of Policies and financial ~ $700bn renewable energies incentives annual investment in power grids wo
Slide 9: 2050 electricity equation
2050 electricity equation Electricity consumption in CH (TWh/yr) Electricity generation in CH (TWh/yr) SFOE/AES/SCCER-SoE SFOE/Mantelerlass Other 85 TWh renewable & 100 100 76 TWh thermics 2 90 TWh 4 Wind 80 80 5 76 TWh 0.2 62 TWh 6 60 60 39 Solar 44* 40 40 Hydro 20 20 39** 23 Nuclear 0 0 2024 2050
Slide 10: Vision 2040 and Strategy 2030
Vision 2040 Climate change Swiss-EU package Pressure on natural resources AI, automation & control Security of supply Flexibility Strategy 2030 Shift in energy Electrification mix Make Western Switzerland the first net-zero region in the country 10
Slide 11: Our company in 2040
Our company in 2040 Vision 2040 DISTRIBUTION 5TWh/y r 11
Slide 12: Vision 2040, in short, represents
Vision 2040, in short, represents Key strategic partnerships. 5 TWh/yr of renewable electricity generation under management. 280 GWh/yr of heat and 50 GWh/yr of cooling distributed, fully decarbonised. 1 million customers benefiting from our price plans. A digital twin of our operations. The marketi
Slide 13: Strategic priorities looking ahead 5 years
Strategic priorities looking ahead 5 years
Slide 14: Initiatives
Initiatives Stratégie. ) Infrastructures & flexibilité Transformation Créer de a valeur sur nos 3 pliers et ceci malgré un contexte incertain et complexe. Déployer et renforcer nos infrastructures stratégiques pour fournir et distribuer de l'énergie décarbonée & dee prix ee plus stables poselbles. S
Slide 15: Strategy 2030: tangible targets
Strategy 2030: tangible targets Strategic initiatives to reset Romande Clear principles and roadmap Energie to achieve the vision. 1. All our assets must generate Pursue the new avenues leading to growth and returns. recurring revenue and consolidate our 2. Capital expenditure allocated business per
Slide 16: 4th business unit: Property
th 4 business unit: Property Mission statement Accelerate the sustainable renovation of large Goal: market leader in property stock using turnkey solutions. energy renovation in Western Switzerland by Expertise 2040 Unmatched expertise at the intersection of energy, building physics, architecture an
Slide 17: Strategic and economic assets
Strategic and economic assets Foundation for new recurring income streams Growth in digital Flexibility & storage Property carbon reductions
Slide 18: Tangible performance markers by 2030
Tangible performance markers by 2030 Efficiency measures and Growth drivers Higher margins productivity gains CHF 10m efficiency gains at EBIT Property: >20% of revenue in 2030. Monitoring: continual monitoring level expected for 2026. of ROCE (return on capital Digital: tangible effects in terms of
Slide 19: 2025 highlights
2025 highlights
Slide 20: Sustainability: driver behind financial and non-financial performance
Sustainability: driver behind financial and non-financial performance • Decarbonisation targets: Scopes 1+2: -50% by 2030, net zero in 2050 • 31,643 tCO2-e: 27% GHG savings (relative to 2024) achieved for customers through district heating and renewable power generation • Certified a Great Place to
Slide 21: Achievements in 2025
Achievements in 2025 CHF 93m invested in grid Data: 81% of customers fitted modernisation and CHF 73m in with smart meters, 2 years renewable energies. ahead of schedule. Digitalisation: modernisation of 16% and 25% growth in solar 60% of IT resources, upgrade of production and district heating, all
Slide 22: 2025 financial results
2025 financial results
Slide 23: Key figures – 2025
Key figures – 2025 Adjusted figures EBITDA CHF 152m Energy supply margin Generation + CHF 31m 2nd half: efficiency/market EBIT CHF 48m + CHF 26m Net profit¹ CHF 80m Impairment/reversal = zero net effect + CHF 54m Significant contribution from Alpiq CHF 154m CHF 191m CHF 1.44 Cash flow from CAPEX
Slide 24: New organisation structure: 4 business units
New organisation structure: 4 business units Thermal business transferred Markets Energy Property Grids BU BU BU BU Formerly Energy now houses Solutions Romande Energie Services and ID GO Segment reporting adjusted for 2024 to allow comparison with 2025 24
Slide 25: Energy BU
Energy BU Weather conditions impact performance 2025, generation CHF m 47 • Hydro (-24%): mixed weather & FGB plant shutdown → 11/2025 • Wind: stable production 36 • Solar (+25%): 36 new arrays & sunshine hours • France (-1%): poor weather conditions • Thermal (+16%): higher generation EBITDA 2024 2
Slide 26: Markets BU
Markets BU Higher energy supply margin & efficiency gains CHF m 2025 • Decrease in operating revenue: regulated tariffs & sales to eligible customers • Energy supply margin • Partial clawback of shortfall • Supportive market conditions 10 • Reduction in balancing costs and improved forecasting model
Slide 27: Grids BU
Grids BU Cornerstone of profitability CHF m 2025 • Tariff increase related to partial clawback of shortfall 103 104 • Decrease in WACC offset by increase in CAPEX • Decrease in connection fees (CHF 2m less) • Revenue growth excluding monopoly: +14% • 81% of smart meters installed, 2 years ahead of s
Slide 28: Property BU
Property BU Strong potential in renovation market CHF m 2025 • Growth in energy renovation business • Increase in profitability in Vaud & Fribourg • Construction of district heating systems • Efficiency gains 2 • Acquisition in central Valais → expanding (1) coverage of Western Switzerland EBITDA 20
Slide 29: ALPIQ – EOS NER
ALPIQ – EOS NER Strategic and stabilising role ≈10% 33.33% 29.71% 100% ≈30% CHF m Dividends fromEOSH EOSH Dividendes 12 • Alpiq’s contribution to 2025 earnings: CHF 37m 9 • Dividends (EOS NER & Alpiq) set to increase 6 • Natural hedge in stressed geopolitical context 3 0 2021 2022 2023 2024 2025 29
Slide 30: Strategy 2030
Strategy 2030 EBITDA growth levers Higher returns on Expansion of investment service offerings District heating Energy renovation in buildings Solar & wind Digital services (2040) Adjusted EBITDA 2030 CHF 170- 190m Annual capex CHF 160-200m (over 5 years) 30
Slide 31: Round-up
Round-up
Slide 32: Summing up
Summing up Ambitious vision Shaping our own future. Transformation strategy “The foundations are Partnerships, growth levers, 2026-2030 roadmap now laid. Let’s focus on Execution on track execution and Rising earnings and cash generation factors. boosting business performance” 32
Slide 33: New Head of Investor Relations
New Head of Investor Relations Laurent Widmer René Lauckner Head of Investor Relations Head of Group Direct tel.: +41 21 802 96 00 Treasury Mobile: +41 79 917 84 73 laurent.widmer@romande- Thank you energie.ch 33
Slide 34: 2026 calendar
2026 calendar Closure of the share register 13 May 2026 124th Annual General Meeting 27 May 2026 Ex dividend date 29 May 2026 Record date 1 June 2026 Dividend payment 2 June 2026 H1 2026 results 3 September 2026 34
Slide 35: Q&A
Q&A
Slide 36: Thank you for listening
François Fellay Chief Executive Thank you Officer for listening Nicolas Conne CFO and Head of Services
Slide 37: Additional slides
Additional slides
Slide 38: Power generation in 2025: 100% renewable
Power generation in 2025 100% renewable (% interest in company running installation) Reported percentages may differ due to rounding
Romande Energie Holding — FY2025 Earnings Presentation on 6ix