Acwa Power · TADAWUL:2082
Acwa Power — Acwa — H1 2026 Earnings Presentation
21 slides from Acwa Power's earnings presentation, Aug 6, 2026
Slide 1: Acwa 2Q & 1H 2026 Earnings Call
ACWA INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com ir@acwapower.com www.acwapower.com Acwa 2Q & 1H 2026 Earnings Call 06 August 2026
Slide 2: Disclaimer
Disclaimer This document and the information contained therein (the "Information") has been prepared by Acwa (the "Company“ or “Acwa”) for background purposes only and does not purport to be full, accurate or complete. No reliance may be placed for any purpose on the Information or its accuracy, fai
Slide 3: Today's Presenters
TODAY’S PRESENTERS ACWA INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com ir@acwapower.com www.acwapower.com CEO CFO Head of IR & Strategy Dr. Samir Serhan Mr. Abdulhameed Al Mr. Ozgur Serin Muhaidib 3
Slide 4: Business update
ACWA INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com ir@acwapower.com www.acwapower.com Business update
Slide 5: Strategic Momentum Supports Long-Term Growth Despite Short-term Volatility
Business update Strategic Momentum Supports Long -Term Growth Despite Short -term Volatility Due To The Geopolitical Situation • Acwa granted exclusive rights to export Saudi green fuels, together with a mandate to export Business renewable electricity. • Acwa Board approved entry into the USA as a
Slide 6: Scaling with discipline, creating long-term value
Business update Scaling with discipline, creating long -term value June 2023 YE2025 Today1 Power 50.4 93 98.2 Power1 GW Water1 98.2 GW 9.7m m3/day Water ACWA INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com ir@acwapower.com 6.8 9.2 9.7 mm3/day O* UC AD O* UC AD 43.9 46.5 7.8 Green 6.9 2 0.8
Slide 7: Project pipeline | as at 2Q 2026
Business update Project pipeline | as at 2Q 2026 Power BESS Water GH2 (GW) (GWh) (Mm3/day) (MTPA) Awarded, pending 2.9 9.2 0.6 - Immediate contract signing Pipeline Submitted, Results ACWA INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com ir@acwapower.com 4.2 - 1.2 - Awaited Bids/Deals pipel
Slide 8: Government mandate supporting Acwa's role in advancing clean energy export opportunities
Government mandate supporting Acwa's role in advancing clean energy export opportunities • Exclusive right to export Saudi green fuels1 globally Green fuel • KSA projects in development and commercialization exports • Future opportunities shaped by demand, infrastructure and Saudi Arabia is stakehol
Slide 9: High Performance Organization: An enterprise transformation agenda
Business update High Performance Organization: An enterprise transformation agenda towards a leaner, more efficient, more integrated and streamlined organization 01. Program guiding principles Translated into six parallel transformation workstreams Lean and scalable organization ACWA INVESTOR RELATI
Slide 10: Financial Performance
ACWA INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com ir@acwapower.com www.acwapower.com Financial Performance
Slide 11: 6M 2026 Financial Performance
Financial Performance 6M 2026 Financial Performance • Distributions from operating companies continue to feed into our strong operating cash position • However, financial performance adversely impacted by: • Timing shifts between 6-12 months in project development milestones and a planned divestment
Slide 12: Operating Income (before impairment loss and other expenses)
Financial Performance Operating Income (before impairment loss and other expenses) Variance 6M2026 v 6M2025 - Million Contribution from existing and new projects coming 1 into operations and improved operating efficiency netted off with certain outages 184 215 2 (444) Contribution from the acquisiti
Slide 13: Net Profit & Adjusted Net Profit
Financial Performance Net Profit & Adjusted Net Profit (Attributable to equity holders of the parent ) Variance 6M2025 v 6M2026 - Million 1 Lower impairment losses pertaining to Noor 3 CSP Lower finance cost mainly due to MTM 2 loss on derivative for a project in Africa in 125 the previous period an
Slide 14: Net Profit by Building Block
Financial Performance Net Profit by Building Block (Attributable to equity holders of the parent ) Millions 6M 2026 6M 2025 Change Major drivers • Lower income from development, procurement and construction services mainly due to Development and construction slower progress in development and financ
Slide 15: POCF (Parent Operating Cash Flow)
Financial Performance POCF (Parent Operating Cash Flow) Build Up, 6M2026 - Million Cash inflows Cash outflows 2 -11% 982 1,820 (935) 1 Represents distributions from Acwa’s investments in the project companies and Acwa Operations. 51% higher distribution ACWA INVESTOR RELATIONS | www.acwapower.com |
Slide 16: Sources and Uses of Parent Cash
Financial Performance Sources and Uses of Parent Cash Build Up, 6M2026 - Million Cash inflows Cash outflows Share buyback2 30 6,172 7,087 11% (1,188) 5,899 17% ACWA INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com ir@acwapower.com 72% Investments: Cash equity www.acwapower.com injections ne
Slide 17: Parent Net Debt – Long-Term Financing and Funding
Financial Performance Parent Net Debt – Long -Term Financing and Funding Build Up, 6M2026 - Million million (M) Non-recourse debt Recourse debt (1,146) (5,899) 50,135 3,497 27,545 21,645 2,351 On balance sheet recourse debt 9,809M 17,736 Total parent Less: Cash Total parent level leverage level net
Slide 18: Reinstating dividends alongside disciplined growth investment
Financial Performance Reinstating dividends alongside disciplined growth investment Proposed FY2025 cash dividend 2026–2030 distribution framework 353 Mn 1 0.46 2027 Proposed cash per eligible 19% 30% Framework payout Effective dividend share Min including Payout FY2026 dividends ACWA INVESTOR RELAT
Slide 19: Q&A
ACWA INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com ir@acwapower.com www.acwapower.com Q&A
Slide 20: Thank You!
Internal ACWA INVESTOR RELATIONS | www.acwapower.com | ir@acwapower.com ir@acwapower.com THANK YOU! www.acwapower.com www.acwapower.com
Slide 21: Appendix – Glossary
Appendices Appendix 1 – Glossary • POCF – Parent Operating Cash Flow • O – Operational • MTM – Mark To Market • MTPA – Million Tonnes Per Annum • PPA – Power Purchase Agreement • GH2 – Green Hydrogen • PWPA – Power and Water Purchase Agreement • PCOD – Project Commercial Operation Date • LTIR – Lost