Energix-renewable Energies Ltd. · TASE:ENRG
Energix-renewable Energies — Q1 2025 Earnings Presentation
22 slides from Energix-renewable Energies's earnings presentation, May 12, 2025
Slide 1: Unofficial translation of Hebrew presentation dated May 12, 2025
is an unofficial translation of the Company's original Hebrew Presentation dated May 12, 2025 (Reference Number: 2025-01-032972) (the in”). The Hebrew version of the Presentation is the binding version. This translation was prepared for convenience purposes only. ee
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: Strategic Collaborations and Company Overview
( strategic Collaborations SMA og! = sm Santander’ First Solar: Energix ~ Renewable High-Quality Assets Portfolio Vertically Integra rowth & Financial Strength expertise, enhance: Al-powered monitoring system | Aciobal Company i Operating in the United States, Poland, Lithuania and Israel. Establish
Slide 4: Company's Portfolio of Projects
5GW **8.35GW + 11GWh +11.5GWh Mature f 3.35GW Company's Portfolio Of +0.5¢wh Total Project es project Portfolio — portfolio May 2025 — pre-construction
Slide 5: Major Events for Q1 2025
Major Events Revenues of NIS 170 million for Q1 2025 EBITDA of NIS 98 million Portfolio of projects and Financing* Poland and Lithuania* The Business construction works* Environment* in the United States 4 Completion of construction 4 Diversification of credit 4 Lithuania — preparations for 4 Contin
Slide 6: Development of the Company's Operating Results
ENERGIX NEWABLES. Development of the Company’s Operating Results! ran 0.4GWh The following are the Company's tow ‘Gaswh 24,400 results and guidance ‘ in respect of its project portfolio 7 420 (NIS millions) e5sMW 898 ' H Forecast |} 2880 oom 800-850 | | Connected MW+MWh at year-end : : a 741 Forecas
Slide 7: USA
Slide 8: General
General Imposing tariffs and discussions regarding the future of the IRA create short-term uncertainty in the U.S market. The Company has an array of strategic collaborations, an independent infrastructure of operations and financial strength, that solidifies it's competitive advantage in the market
Slide 9: PV in the United States
ENERGIX Photovoltaic Photovoltaic Photovoltaic Photovoltaic Photovoltaic Photovoltaic Storage PV in the Project Project Project Project United States portiglig - portfolio - e3 portfolio - E4 portfolio - E5 Capacit 4 aah at 224 412 210** 424 428 3,550 5,360 () In accordance with the projected result
Slide 10: Poland
A ENERGIX Poland 1 ‘
Slide 11: 314MW connected projects
314MW connected projects Connected projects Projects Under Construction Advanced Projects in development development Wind Photovoltaic Photovoltaic Storage Storage Wind Photovoltaic Photo- ~ Wind | Storage NC’ NC: voltaic ' Capacity = < (MWh/MW) 301 13 30 48 52 86 104 330 650 2,580 Construction Cost
Slide 12: Lithuania
Lithuania WW ENERGIX ZI pous
Slide 13: Lithuania - Jonava Project
ve ENERGIX Lithuania Jonava PrGyaam + Capacity — + Project status — + Cost of purchase — + Expected start of commercial operation* = + Projected construction cost* — 100 + Financing* — 50 + Range of average financial results for the first 5 years* (e} 2020 2021 2022 2023 2024 Lithuania * Poland ® Fi
Slide 14: Israel
W/& ENERGIX ZI Israel
Slide 15: Wind, PV and Storage in Israel
Wind, PV and Storage Photovoltaic Photovoltaic in Israel combining ARN storage on Capacit 53 nw) 330, (489MWh) 104 Construction _ ] @ Cost 1,200 | 327 650-750* NIS Millions | - Revenues* @ Annual, NIS Millions 161-174 32-38 93-101 } = = ~ § t S Cross Fore 124-132! 25-31 77-83 | * Forward-Looking Sta
Slide 16: Financial Data
Slide 17: Adjustment to Project Level EBITDA
Adjustment to Project Level EBITDA Analysis of project level EBITDA which is used by the Company to calculate its operating results in accordance with its Gudance, as specified in slide 6 QV/25 Q1/24 2024 EBITDA 166,515 Lease Expenses (IFRS 16) (6,031) nses jent 5,973 “ 193, ; | *For further details
Slide 18: Financial Flexibility and Risk Management
NEWABLES Financial Flexibility as of 31.3.2025 and Risk Management 70% Equity to debt ratio f Debt* Diversification of credit sources by raising approximately NIS 1 billion (including approx. NIS 500 million via bond expansion) Expected equity repayment upon completion of projects under construction
Slide 19: Financing and Capital Structure
Financing and Capital Structure Data in NIS Millions as of 31.3.2025 Gross Balance of Liquid resources Gross Balance of Liquid resources oes 545 USA (PV) Usa (PV) Israel Israel (wind PV Jel ultras (Sea (EY) Agaltional Cash and VA, VA2 E4 (PV+storage) AR D Neh voltage) ieee TKS eee ks eran Framework
Slide 20: Equity Repayment
Equity Repayment Financing Scope of Gross Facility and ecopelon Cost invested Financing/Tax Expected constructio Tax Equity Expected Equity as of the Equity Partner Repayment of n cost Partner Reporting Date —_ Investment Equity* Investment Withdrawn Portfolio ARN 650-750 ~Uptoé50 Upto100 540 18 Up
Slide 21: Power purchase agreements
Power pu rchase agreements As of the approval date of the report Sale under hedging or fixed price in accordance with The Company signed power purchase agreements, hedge agreements and won tariff power purchase agreement autions to create optimization between leveraging the high price environment in
Slide 22: A breakthrough global green utility
Energix-Renewable Energies — Q1 2025 Earnings Presentation on 6ix