Energix-renewable Energies Ltd. · TASE:ENRG
Energix-renewable Energies — FY2024 Earnings Presentation
25 slides from Energix-renewable Energies's earnings presentation, Mar 3, 2025
Slide 1: Energix Renewable Energies Presentation
unofficial translation of the Company's original Hebrew Presentation dated March 3, 2025 (Reference Number: 2025-01-014034) (the In”). The Hebrew version of the Presentation is the binding version. This translation was prepared for convenience purposes only. KYA <s ENERGIX S, | RENEWABI
Slide 2: General notes regarding the presentation
ENERGIX General notes regarding the presentation Accordingly, the actual results in respect of such information may differ significantly from the presented information or from the results which have been estimated on the basis of an invitation to receive any such offers, but rather is intended only
Slide 3: Global company with high-quality assets portfolio
ENERGIX ( Strategic Collaborations SMA sen a OG © Santander’ Energix ~ Renewable High-Quality Assets Portfolio ( Aclobal Company Operating in the United States, Poland and Israel. established expertise and designated teams in i - *Forward looking statement
Slide 4: Project portfolio overview
5GW 7.IGW Mature 2.9GW +10.6GWh “11.1GWh Portfolio +0.5GWh O> & Company's Total Project project Portfolio — portfolio March 2025 +121MWh »- Ba
Slide 5: 2024 Annual Summary
2024 Annual Summary Financial results"? 4 Revenues — 32% revenue growth to a total of NIS 898 million 4 EBITDA- 30% growth to a total of NIS 626 million (project- level EBITDA— growth of-30% to NIS 741 million) Challenges 4 The Iron Swords War, which has led to delays in the construction and connect
Slide 6: 2025 guidance and overview
2025 guidance and overview Financial Guidance 4% The Company expects revenues in the range of NIS 800-850 millions and project level EBITDA in the range of NIS 630-680 million 4 Total installed capacity as of the end of 2025 is expected to grow by approx. 50% reaching 2GW+0.4GWh which is expected to
Slide 7: Development of the Company's Operating Results
ENERGIX NEWABL Development of the Company's Operating Results' 2Gw+ 0.4GWh , 1350+ The following are the Company's 136W —0.26Wh 24400 results and forecasts : / in respect of its project portfolio 898 posse i (NIS millions) B55MW (Approx. ' a 890) Forecast | ‘ comw 800-850 | ' Connected MW+MWh at yea
Slide 8: Installed capacity growth
1.3GW 2023 1.3GW+ 0.1GWh 2024 2GW+ 0.4GWh (3.1GW+0.7GWh) 2025* 4GW+ 1.3GWh (4.36W+1GWh) 2026*
Slide 9: Financing sources Investments
Financing sources Investments
Slide 10: USA
Slide 11: Market Trends and US operations
The Trump Administration and the IRA Robust Demand 4 In spite of the uncertainty, the : 4 Avery strong demand for green Company estimates that the robust electricity, coupled with a limited supply, supports the continued rise in electricity prices and green : g % ’ . . MN . i i ibuti 1 certificates
Slide 12: Financing Transactions and Safe Harbor
Financing Transactions 4 Signing a finance deal of up to USD The company completed the 225 million for the E4 portfolio acquisition of projects with a total ¢ capacity of 770MW+260MWh 4 Signing a tax equi ement of up to in 2024 $70 million for 3 if E4 portfolio, 1 Advanced stages of negotiations for
Slide 13: Projects in the United States
PV in the United States Connected a Photovoltaic Photovoltaic Photovoltaic Photovoltaic Photo-voltaic Photovoltaic Storage Projects iia Project Project Project Project Projects construction &iN portfolio - portfolio-e3 portfolio-e4 | portfolio -es picsinic and development VA-VA2 ennsylvania Capacity
Slide 14: Poland
WW ENERGIX Poland
Slide 15: Poland electricity prices
PLN/MWh Poland In The Companys actual selling price Average quarterly market price
Slide 16: Poland projects
314 MW connected projects Connected Projects | Advanced Projects in projects Under Construction development development connected projects, Wind under construction and in Photovoltaic Photovoltaic Storage Wind Photovoltaic Storage Ginkae * Wind _ Storage development =e Capacity = (MWh/Mw) 301 13 30
Slide 17: Lithuania
Lithuania We Six ENERGIX
Slide 18: • • • • • • • • • • • 2020 2021 2022
• • • • • • 250 • 200 150 • • 100 50 • 0 • 2020 2021 2022 2023 2024
Slide 19: Israel
SS ENERGIX ZI
Slide 20: Wind and PV in Israel
Wind and PV in Israel, connected projects, projects under Photovoltaic Photovoltaic Wind Photovoltaic Photovoltaic Photovoltaic Photovoltaic Storage construction and in combining ARN First Competitive combining combining (including with storage process storage storage combined development 3 eu) in h
Slide 21: ><
><
Slide 22: EBITDA reconciliation
W& ENERGIX Q4/23 2023 Reported EBITDA 120,764 479,541 E | Lease Expenses (IFRS 16) (5,137) (20,185) / (7,012) 10,046 = ra 40,119 435,090 ; 194,546 740,675
Slide 23: Debt
69% Debt* NERGIX ¥ RENEWABLES Equity to debt Financial Flexibility ratio as of and Risk Management December 31, 2024 Signing of ~2 Biliions NIS financing and Tax Equity transactions in 2024 Advanced negotiations for financing deals totaling up to 3 billion NIS** Dividends of NIS 0.40 for 2025 quarte
Slide 24: Financing and Capital Structure
Financing and Capital Structure Data in NIS Millions of as of Dec 31, 2024 Gross Balance of Liquid resources Gross Balance of Liquid resources iti 463 USA (PV) Usa (PV) Israel Israel (wind) (PV ign Israel (PV) Additional Cash and VAI, VAZ E4 (PV+storage) ‘ARN high voltage) Bese financing cada framew
Slide 25: A breakthrough global green utility
Energix Renewable Energies — FY2024 Earnings Presentation on 6ix