Altea Green Power S.p.a. · MIL:AGP
Altea Green Power — FY2025 Earnings Presentation
18 slides from Altea Green Power's earnings presentation, Mar 23, 2026
Slide 1: FY2025 Financial results
FY2025 Financial results March 23rd, 2026
Slide 2: Speakers
Speakers Giovanni Di Pascale Salvatore Guarino Giancarlo Signorini CEO General Manager CFO alteagreenpower.com 2
Slide 3: At a glance
At a glance COMPANY KEY FINANCIAL OVERVIEW KEY OPERATIONAL KPI FIGURES Leading player, listed on Euronext STAR Strategic partnerships in the US and TOTAL REVENUES FY Milan, in project co-development, in the CAGR +38% Italy with companies such as Iberdrola, 35.4 BESS storage sector and in Enlight, Ae
Slide 4: Update, Pipeline & Backlog
UPDATE, PIPELINE & BACKLOG
Slide 5: 2025 – Business update
2025 – Business update BESS PROJECT IN BASILICATA AUTHORISED BY MASE • BESS plant project with a capacity of 200 MW 17th • Authorization process completed in 21 months Jan. • Generate cash flows of around €13 million over the next 18 months AUTHORIZATION PROCESS INITIATED FOR BESS PROJECTS 26th • Th
Slide 6: 2025 – Business update
2025 – Business update SALE OF PV PROJECT IN SOUTH OF ITALY TO A LEADING INTERNATIONAL PLAYER IN THE ENERGY SECTOR 26th • Located in Molise and fully developed by Altea Green Power Jun. • Total capacity of 9,624 kW • Sale value approximately € 1.3 million SUCCESSFULLY PLACED € 10 MILLION NON- CONVER
Slide 7: AGP In Italy and worldwide
AGP In Italy and worldwide Expertise, professionalism, quality and a focus on local communities TOTAL PIPELINE PIPELINE ITALY 5.0 BESS 0.7 PHOTOVOLTAICS & USA GW GW WIND ENERGY 1.4 GW ITALY under development 5.7 GW STORAGE PV AND WIND of which 25% under development AGP Share 20 MW installed (EPC) al
Slide 8: Focus on pipeline in permitting phase
Focus on pipeline in permitting phase BESS • Co-Development: 1 GW in permitting phase + 450 MW already authorized in permitting phase • Development: 2.8 GW in permitting phase 3.8 GW PV • Co-Development: 369 MW in permitting phase + 14 MW already authorized in permitting phase • Development: 93 MW i
Slide 9: Actual Backlog
Actual Backlog CASH FLOW CONTRACTS VALUE TYPE FORECAST (€/M) 2026 - 2028 (€/M) BESS 117.9 + premium* 64.0 PV/WIND 32.6 6.2 EPC 1.6 0.6 Co-Development Backlog 152.2 + premium* 70.8 yet to be collected • Contracts value represents the total signed contracts • Cash Flow Forecast 2026 - 2028 represents
Slide 10: Financials
Saitea Green Power FINANCIALS
Slide 11: FY 2025 – Results highlights
FY 2025 – Results highlights AGP REVENUE IN LINE WITH THE LOWER END OF THE 2025 Total revenue EBITDA GUIDANCE RANGE, AS A RESULT OF THE STRATEGIC CHOICE TO ENHANCE THE BESS PROJECTS PIPELINE TO “READY-TO-BUILD” STATUS € 22.5 M € 13.0 M • Revenue decline mainly driven by a strategic decision: focus v
Slide 12: EBITDA Bridge
EBITDA Bridge € 13M EBITDA 58% EBITDA Margin vs € 21.9M in FY2024 62% in FY2024 alteagreenpower.com 12
Slide 13: Outlook & 2028 Financial Targets
Outlook & 2028 Financial Targets • Disciplined and value-oriented strategy in a complex macroeconomic and regulatory environment, with a focus on long-term Targets 2028 value creation Revenues € 60 - 73 M • Ongoing expansion of project pipeline and execution of industrial investments expected to EBI
Slide 14: Altea Green Power S.p.A.
Altea Green Power S.p.A. Immagine che contiene simbolo, cerchio, giallo, Carattere Descrizione generata automaticamente Sede operativa via Chivasso, 15/A - 10098 Rivoli (TO) - Italy Immagine che contiene simbolo Descrizione generata automaticamente Sede legale corso Re Umberto, 8 - 10121 Torino - It
Slide 15: Annex
Saitea Green Power ANNEX
Slide 16: FY 2025 Income Statement
FY 2025 Income Statement €/000 FY 2025 FY 2024 % Revenues 21,709 34,913 -38% Other revenues 829 461 80% Total Revenues 22,538 35,374 -36% Purchases, services and other operating costs (6,759) (10,239) -34% Personnel Expenses (2,774) (3,221) -14% Operating costs (9,533) (13,460) -29% EBITDA 13,005 21
Slide 17: FY 2025 Balance Sheet
FY 2025 Balance Sheet €/000 31-dic-25 31-dic-24 Non-current assets Intangible assets 319 180 Tangible assets 589 739 Deferred tax assets 44 93 Other non-current assets 1,400 1,544 Total non-current assets 2,352 2,556 Current assets Current assets 46,733 48,234 Other current assets 1,225 1,419 Cash a
Slide 18: FY 2025 Net Financial Position
FY 2025 Net Financial Position €/000 FY 2025 FY 2024 A. Cash (25,424) (1,870) B. Cash equivalents and cash - - C. Other current financial assets (192) - D. Liquidity (A + B + C) (25,616) (1,870) E.Current financial debt (including debt instruments, but excluding 2,113 2,288 the current portion of no