La Francaise De L'energie Sa · EURONEXT:FDE
La Francaise De L'energie Sa — FY2025 Earnings Presentation
18 slides from La Francaise De L'energie Sa's earnings presentation, October 2025
Slide 1: Local Energy – Positive Impact: FY 2025 Annual Results
Local Energy – Positive Impact October 2025 FY 2025 Annual Results
Slide 2: A Leading Platform for Low-Carbon Energies in Europe
A LEADING PLATFORM FOR LOW-CARBON ENERGIES IN EUROPE Using low-carbon fuels Carbon capture and (Biogas/Renewable PROVIDING VARIOUS utilization/storage Natural Gas, SOLUTIONS Abandoned Mine Methane, Hydrogen) ELECTRICITY HEAT GAS HYDROGEN CO2 Code Reuters : FDEL. PA – Code Bloomberg : FDE.FP 2
Slide 3: FDE: A Diversified Production Base in Europe
FDE: A DIVERSIFIED PRODUCTION BASE IN EUROPE 22.5 MW ELECTRICITY installed cogenerations FRANCE, BELGIUM, BOSNIA & + NORWAY 65 MV installed PV NORWAY HEAT FRANCE 8 MW installed GAS (incl. RNG) c. 220 FRANCE & GWH gas annual NORWAY UNDER DEVELOPEMENT BELGIUM production FRANCE HYDROGEN FRANCE, BELGIUM
Slide 4: Key Takeaways for FY 2025
KEY TAKEAWAYS FOR FY 2025 Resilient set of results despite continued volatility in electricity price and gas injection constraints Revenues of €30.4 M EBITDA of €17.3 M, with an EBITDA margin of 57% (60% excluding IFRS retreatment of the free-awarded shares and IFRS 16) A strong balance sheet New €2
Slide 5: Acquisition in February 2025: Alltec
ACQUISITION IN FEBRUARY 2025 Alltec is the only end-to-end low carbon energy EPC (Engineering Procurement and Construction) solution provider. Co-Owner of Sustainable Energy, one of Europe’s largest green energy test centers, certified with the prestigious Katapult label in Norway. €9.4 M €100 M c.
Slide 6: FY 2025 Results
FY 2025 RESULTS Code Reuters : FDEL. PA – Code Bloomberg : FDE.FP
Slide 7: FY 2025: Sustainable Business Model Confirmed
FY 2025: SUSTAINABLE BUSINESS MODEL CONFIRMED + 30% CAGR since the IPO Electricity (42% of the revenues) : €12.9 M, down due to a 35% decrease in average selling prices to € 31.4 M €94/MWh € 30.4 M Gas (26% of the revenues) : €8.2 M, showing growth despite being limited by the unavailability of the
Slide 8: Solid Financial Aggregates
SOLID FINANCIAL AGGREGATES PROFITABLE GROWTH EBITDA margin (60%1 without IFRS 2 and IFRS 16) exceeds 2030 targets Rigorous Cost Management: Administrative expenses (excl. the accounting for free shares EBITDA under IFRS 2 and the integration of Greenstat and 57% Alltec) decreased slightly FY 2025 €1
Slide 9: Strong Financial Profile Built for Future Growth
STRONG FINANCIAL PROFILE BUILT FOR FUTURE GROWTH COMFORTABLE CASH POSITION Main Investments, o/w: Balance Sheet €259 M - Cogenerations: €7.5 M €24 M - RNG (Stavanger): €7.9 M - Green H2: €4.9 M Alltec acquisition: €2.4 M in cash Cash position €63 M Share buyback: €1.1 M Equity €101 M 60% Net Debt /
Slide 10: Growth in Q1 2026 Revenues
A MAJORREVENUES STRONG PLAYER IN GROWTH THE ECOLOGICAL TRANSITION IN Q1 2026 + 32% €6.6 M €5.0 M Q1 26 sales of €6.6 M on a fully consolidated basis (€8.3 M with Drin Energija accounted for by the equity method) Electricity: €2.5 M on the back of normalized energy prices, and gas injection maximisat
Slide 11: Positive Financial Outlook
A MAJOR PLAYER CONFIRMED IN THE POSITIVE ECOLOGICAL FINANCIAL TRANSITION OUTLOOK VISIBILITY ON CASH FLOW GENERATION FINANCIAL STRENGTH ➢ Solid business model based on AMM ➢ Cash position of €63 M being rolled out ➢ Additional €10 M in green bonds ➢ Feed in tariff of c. €80/MWH for 10- available to d
Slide 12: Major Developments Over the 18 Months Confirmed
MAJOR DEVELOPMENTS OVER THE 18-MONTHS CONFIRMED Code Reuters : FDEL. PA – Code Bloomberg : FDE.FP
Slide 13: A Strong Low Carbon Energy Pipeline – France
A STRONG LOW CARBON ENERGY PIPELINE - FRANCE 4 new CHPs to start production FY 2026 in France BELGIUM Pending one last agreed administrative approval to connect to existing well facilities FRANCE Such agreement include authorization for 18 sites going forward, roll out being carried out Capex alread
Slide 14: A Strong Low Carbon Energy Pipeline – Norway
A STRONG LOW CARBON ENERGY PIPELINE – NORWAY RNG and Bio-CO2 portfolio in production in Norway from FY 2027 Project update for Halsa: Secured land and 50% feedstock , fully permitted, started construction with primary materials secured HALSA Secured subsidies for c. 17% of the capex and 30% offtake
Slide 15: FY 2030: Projects Pipeline Being Developed
FY 2030: PROJECTS PIPELINE BEING DEVELOPPED FY2025 FY2026-2027 FY2027-FY2028 FY2030 CURRENT PROJECTS CURRENTLY DEVELOPMENT TARGET 2030 OPERATIONS BEING DEVELOPPED PIPELINE ELECTRICITY COGENERATION 22.5 MW 30 MW 48 MW 100.5 MW 300 SOLAR MW 65 MW 76 MW 47 MW 183 MW GAS FROM AMM 220 GWH 0 GWH 0 GWH 220
Slide 16: FDE's 2030 Growth Plan
FDE’S 2030 GROWTH PLAN EMISSIONS CO 2 EQ Avoided annually EBITDA > 20 MT/y In €M ANNUAL REVENUES In €M > €85 M > €175 M Code Reuters : FDEL. PA – Code Bloomberg : FDE.FP 16
Slide 17: FDE Listing
FDE LISTING KEY CORPORATE INFORMATION SELL SIDE COVERAGE (as of October 27th, 2025) Listing Euronext Paris ✓ BUY Share price €35.30/ share Target Price: €55 October 2025 Shares outstanding 5.3 M Analyst: vnikolova@midcap.com Market capitalisation €187 M ✓ BUY Free float 67% Target Price: €40 October
Slide 18: FDE
FDE Code Reuters : FDEL. PA – Code Bloomberg : FDE.FD Tel : +33 (0)3 87 04 32 11 ir@francaisedelenergie.fr www.francaisedelenergie.fr
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