Getlink Se · EURONEXT:GET
Getlink — Investor Day (February 2026)
15 slides from Getlink's investor day presentation, Feb 26, 2026
Slide 1: A High Value Low Carbon Scalable Asset – Investor Day 2026
A HIGH VALUE LOW CARBON SCALABLE ASSET INVESTOR DAY 2026
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Getlink SE The information contained in this presentation pertains For a detailed description of these factors and (the “Group”) solely for use at its Investor Day on 26 to our markets and our competitive positions therein. uncertainties, please refe
Slide 3: Steven Moore, Eleclink Chief Executive Officer
STEVEN MOORE Eleclink Chief Executive Officer
Slide 4: Revenues
GETLINK 75% 2025 GROUP REVENUES REVENUE Optimising value creation in our core business and fully leveraging available capacity in the Tunnel Creating value added services to serve existing and new customers SHUTTLE 46% OPERATED BY 14% 11% 2025 GROUP 2025 2025 REVENUE GROUP GROUP REVENUE REVENUE Deve
Slide 5: A High-Value Low-Carbon Scalable Asset
A HIGH-VALUE LOW-CARBON SCALABLE ASSET A STRATEGIC ASSET OPERATIONAL STRENGTH A PROVEN MODEL TO FOR GETLINK BE LEVERAGED A strategic location Leverage the tunnel offering security and Uniquely positioned to while diversifying its easy maintenance meet future energy flows revenue stream and policy pr
Slide 6: A Unique Asset
A UNIQUE ASSET A ONE-OF-A-KIND LOCATION LONG TERM VISIBILITY ON REGULATORY FRAMEWORK NGET TRANSMISSION NETWORK RTE TRANSMISSION NETWORK HVDC converter HVDC converter Sellindge 400kV station Folkestone station Peuplingues Les Mandarins substation 400kV substation 1GW 25 YEARS Regulation with use of r
Slide 7: A Diversified Revenue Stream
ADIVERSIFIED REVENUE STREAM 10% + 6% GB CAPACITY FR CAPACITY MARKET MARKET* Capacity markets are mechanisms designed to ensure security of supply particularly during peak/stressed periods 81% CAPACITY SALES Eleclink sells interconnector capacity to its customers via auctions. The value of these auct
Slide 8: Interconnectors Are Becoming Increasingly Strategic
INTERCONNECTORS ARE BECOMING INCREASINGLY STRATEGIC INSTALLED DE-RATED CAPACITY (GW) GB-FR ELECTRICITY PRICE SPREAD HIGH EXPECTED TO PERSIST 8.0 5.6 18.5 10.5 33.3 Electricity prices in GB and FR are driven by their production mix 21.8 47.8 Price (€/MWh) Electricity markets use a “pay-as-cleared” or
Slide 9: Beyond Price Spreads: What Drives Eleclink Capacity Sales
BEYOND PRICE SPREADS WHAT DRIVES ELECLINK CAPACITY SALES ELECLINK CLEARING PRICES ARE DRIVEN BY GB AND EU ELECTRICITY PRICE SPREAD BUT ALSO BY A FEW OTHER FACTORS INTRINSIC VALUE TRANSACTION COSTS EXTRINSIC VALUE AUCTION Electricity markets use CLEARING PRICES marginal pricing where - Traders consid
Slide 10: We Optimise Auction Revenues
WE OPTIMISE AUCTION REVENUES BY HARNESSING OUR MARKET INTELLIGENCE… WE TACTICALLY OPTIMISE THE SPLIT OF REVENUES IN EACH HOUR OF THE YEAR IS CAPACITY AND TIMING OF AUCTIONS A COMBINATION OF PRODUCTS AND AUCTIONS AGAINST A RANGE OF FACTORS ILLUSTRATION: 1 May 2025, 09:00-10:00 CEST, FR to GB directio
Slide 11: Enhancing Cable Monitoring to Maximise Availability
…AND ENHANCING CABLE MONITORING TO MAXIMISE AVAILABILITY AUTOMATED INSPECTION CAPABILITY Partnership with IBM to leverage Artificial Intelligence and Machine Learning to review camera footage of the 51 km cable v installation without impacting train PHYSICAL INSPECTION TUNNEL TRAINING operations CAP
Slide 12: New Market Fundamentals Imply Revenues Above Investment Case
NEW MARKET FUNDAMENTALS IMPLY REVENUES ABOVE INVESTMENT CASE EVOLUTION OF AVERAGE GB-FR SPREAD (€/MWH) DEPENDING ON THE EXPECTED YEAR OF DELIVERY Cal-23 Cal-24 Cal-25 Cal-26 Cal-27 Cal-28 GB-FR ELECTRICITY SPREADS ARE COMFORTABLY ABOVE Exceptional NEW MARKET CONDITIONS PRE-2022 LEVEL market conditio
Slide 13: Building on Our Successes
converter & 2 substation BUILDING ON OUR SUCCESSES UK Folkestone converter & substation converter & substation Getlink is in the early stages of the development of a new 1000MW GB-France converter & interconnector as part of its growth agenda. The Investment decision will be driven by substation reg
Slide 14: A High-Value Low Carbon Scalable Asset
A HIGH-VALUE LOW CARBON SCALABLE ASSET A HIGH-QUALITY ASSET ONGOING OPTIMISATION & SIGNIFICANT UPSIDE AHEAD CONSISTENTLY FAVOURABLE MARKET AS WE POSITION OURSELVES OUTPERFORMING ITS FUNDAMENTALS PROVIDE TO CAPTURE NEW GROWTH ORIGINAL INVESTMENT CASE STRONG VISIBILITY ON OPPORTUNITIES INCLUDING SINCE
Slide 15: Investor Day 2026
SETLINK INVESTOR DAY2026