Holaluz Clidom Sa · BME:HLZ
Holaluz Clidom Sa — Holaluz — H1 2025 Earnings Presentation
25 slides from Holaluz Clidom Sa's earnings presentation, Oct 30, 2025
Slide 1: The Rooftop Revolution – H1 Results Presentation
The Rooftop Revolution H1 Results Presentation October 30, 2025
Slide 2: Forward looking statements
Forward looking statements This communication contains forward-looking statements related to Holaluz (the “Company”) These data do not represent estimates within the meaning of Commission Delegated Regulation (Eu) No. 2019/979 or No. 2019/980. Such forward-looking statements include, but are not lim
Slide 3: Agenda
Agenda About Us H1 2025 Review Summary 3
Slide 4: Our commitment to fully decarbonize the world
Our commitment to fully decarbonize the world We are building the largest and most impactful green energy community in Europe, unleashing the full potential of electrifying energy demand by scaling distributed Solar and Storage 4
Slide 5: About us
About us We connect people to green energy through the power of tech, data, and AI • Leading the highly critical energy transition, a disruptor and innovator • 14 years as a GreenTech leader in Spain • Connecting green energy producers and customers through our Energy Management technology platform
Slide 6: Our strategy
Our strategy Vertically integrate distributed generation assets (solar and storage), controlled by our tech platform, to secure affordable, local, and green energy. To Energy management From Tech platform Distributed, decarbonized, democratized and Centralized oligopoly, polluting and with affordabl
Slide 7: Our unique integrated approach
Our unique integrated approach A flywheel powered by trust, tech, and AI Energy Management Recurring Revenue unit that manages both energy supply and ongoing maintenance services. Supply is sourced from at-scale generators (RtM) and customer-sited solar and batteries. Solar & Storage At-scale Green
Slide 8: Combining the best of Solar and Energy Management
Combining the best of Solar and Energy Management What the average player can do What Holaluz does Distributed Generation, end-to-end installations that Solar self-consumption installations maximize rooftop potential to increase savings, not just for the owner of the system but for the whole network
Slide 9: Regulatory Tailwinds Strengthen Holaluz's Competitive Moat
Regulatory Tailwinds Strengthen Holaluz's Competitive Moat • Years of building proprietary technology and operational expertise now converge with regulatory evolution, transforming Holaluz's capabilities into more valuable assets • New self-consumption decree significantly expands addressable market
Slide 10: Battery Leadership Positions Holaluz to Capture Distributed Storage Opportunity
Battery Leadership Positions Holaluz to Capture Distributed Storage Opportunity • Record 81% battery penetration in June 2025 significantly above 30% Spanish market 90% average, positioning Holaluz as European leader in solar with storage 70% Battery attachment (%) • Installed battery base provides
Slide 11: Agenda
Agenda About Us H1 2025 Review Summary 11
Slide 12: H1 2025 Financial Review
H1 2025 Financial Review Stronger foundation, streamlined operations, clear path to profitability Financial Strengthening Record operational efficiency Fixing the Balance Sheet with 22 M€ capital 30% YoY reduction in normalised operating and increase completed + Debt Restructuring Plan personnel cos
Slide 13: HY 2025 KPIs
HY 2025 KPIs Financial Operational Brand and ESG -2.1 M€ 255,000+ 4.1/5 Normalised EBITDA Total energy contracts Trustpilot score 30% ↓ YoY 13,800+ 39% Normalised operating costs Total solar contracts Women on the team 3.4+ 81% 2.9M+ CLTV/CAC Battery penetration Tons of CO2e saved* 13 *2010 to 2023
Slide 14: Consolidated P&L
Key Points Consolidated P&L • Revenue: Portfolio reduction in EM as client acquisition strategy could not be Beating on costs, gross profit behind to protect cash position fully executed due to cash protection + Spanish residential solar market continued its contraction in 2025 due to high-interest
Slide 15: Solar On Track to Break-Even, EM Temporarily Impacted by Delayed Court Homologation
Solar On Track to Break-Even, EM Temporarily Impacted by Delayed Court Homologation of Restructuring Normalised EBITDA per segment, M€ Audited figures 3,9 H1'25 EM impacted by delays in judicial homologation and subsequent disbursement of 9.8 convertible loan. Margins recovering EM 7.0 since July 0,
Slide 16: Energy Management P&L
Key Points Energy Management P&L • Revenue: Portfolio reduction as client Beating on costs, gross profit behind to protect cash position acquisition strategy could not be fully executed due to cash protection • Portfolio: The company manages a very strong and robust portfolio H1 2025 (*) H1 2024 (*)
Slide 17: Solar & Storage P&L
Key Points Solar & Storage P&L Spanish residential solar market continued its contraction in 2025 Beating on costs, gross profit behind to protect cash position driven by lower electricity bill savings, bureaucratic barriers, and limited collective self-consumption adoption, affecting # of installat
Slide 18: H1 2025 Consolidated Balance Sheet (1/2)
Total Assets: 89.9M€ Non-current assets: 54.2M€ • 4.1M€ decrease in Intangible Assets H1 2025 Consolidated Balance Sheet (1/2) (R&D at minimum). €M • Long-term financ. invest: 1.1M€: 0.5M€ reduction mainly coming from 30.06.25 derivatives balances. Proforma 30.06.25 31.12.24 • Deferred taxes: 21.3M€
Slide 19: Consolidated Balance Sheet (2/2)
Net equity Proforma: -12.6M€ Consolidated Balance Sheet (2/2) • Own funds: -12.6 M€; Icosium’s capital increase offset losses of €M the period. (Net Equity of the Parent Company is 46.3M€). 30.06.25 Proforma 30.06.25 31.12.24 • Valuation adjust.: -2.6M€ (75% Net equity -12.6 -28.1 -17.2 derivatives
Slide 20: Net Debt Position
Net Debt Position €M Net Debt Proforma: 42.8M€ 30.06.25 Proforma 30.06.25 31.12.24 Cash at banks -2.0 -2.0 -2.2 • Long and short term debts+ MARF Pagarés according to the Debt Restructuring Plan Long-term liabilities with 37.9 10.8 20.0 • Debt Restructuring Plan in place financial entities since 29
Slide 21: Key ESG priorities for 2024-2026
Key ESG priorities for 2024-2026: Environement Social Governance Climate ambition Talent retention Sustainable Procurement Strategy Enhance our carbon footprint calculation, with a Enhance talent retention through the Keep advancing in its implementation, including focus on scope 3, certify it accor
Slide 22: Climate Transition Plan Progress Report
Climate Transition Plan Progress Report Environement Social Governance Net Zero 2040 Validated Enabling the Energy Transition ESG-Linked Compensation SBTi-approved targets aligned with 1.5°C pathway. Our green energy and solar & storage services directly Team remuneration tied to climate and ESG Amo
Slide 23: Agenda
Agenda About Us H1 2025 Review Summary 23
Slide 24: H1 2025 Summary
H1 2025 Summary • Financial foundation secured with 22M€ capital increase + Debt Restructuring (100% coverage, extended to 2028, ~70% ICO-backed) • Record operational efficiency delivered: 30% operating cost reduction through AI/automation implementations (from 12.0M€ to 8.4M€) • Solid portfolio wit
Slide 25: investors@holaluz.com
investors@holaluz.com