Altea Green Power S.p.a. · MIL:AGP
Altea Green Power — Mid&Small in Milan 2025
21 slides from Altea Green Power's conference presentation, Dec 2, 2025
Slide 1: Mid&Small in Milan
Mid&Small in Milan 2nd December 2025
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 OPERATIONAL KEY FINANCIAL OVERVIEW KPIS FIGURES Leading player, listed on Euronext STAR Strategic partnerships in the US and TOTAL REVENUES FY Milan, in project co-development, in the CAGR +79% Italy with companies such as Iberdrola, BESS (Battery Energy Storage System) 35.4 Enli
Slide 4: Our history
Our history Altea Green Power (AGP) Start of BESS plant BP24-28 presented. In development addition, AGP completes its activities in the translisting process by United States moving to the Euronext The core business AGP through the American STAR Milan segment shifts to co- listed in Euronext subsidia
Slide 5: How we operate
How we operate Altea Green Power: a solid partner for your investment Land Preliminary Connection Engineering & Authorization scouting agreement requests submitting procedure We carry out We proceed We take care We carry out We take care a preliminary with negotiation of the energy preliminary of th
Slide 6: MARKET
Site Green Power MARKET
Slide 7: The Terna-Snam scenarios: photovoltaic sprint in the next years
The Terna-Snam scenarios: photovoltaic sprint in the next 6 years In October 2024, the new energy scenarios developed by Terna and Snam were published, detailing the installation targets for photovoltaic power plants (offshore and onshore) for 2030, 2035, and 2040. Elemens, LookOut Report Q4-24 alte
Slide 8: The Terna-Snam scenarios for wind power development in Italy
The Terna-Snam scenarios for wind power development in Italy In October 2024, the new energy scenarios developed by Terna and Snam were published, detailing the installation targets for wind power plants (offshore and onshore) for 2030, 2035, and 2040. Elemens, LookOut Report Q4-24 alteagreenpower.c
Slide 9: BESS: the electricity system redesigned by the Terna-Snam scenario
BESS: the electricity system redesigned by the Terna-Snam scenario Elemens, LookOut Report Q4-24 alteagreenpower.com 9
Slide 10: UPDATE, PIPELINE & BACKLOG
UPDATE, PIPELINE & BACKLOG
Slide 11: 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 1.4 GW OF BESS PROJECTS
Slide 12: 2025 – Business update
2025 – Business update COMMERCIAL AGREEMENT WITH INNOVATEC FOR THE PURCHASE, SALE AND CO-DEVELOPMENT OF PV 22nd PROJECTS IN ITALY Jul. • 3-years commercial agreement • AGP fast-track its Strategic Plan to develop own photovoltaic plants as an Independent Power Producer (IPP) SUCCESSFULLY PLACED € 10
Slide 13: 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 0.6 PHOTOVOLTAICS & USA GW GW WIND ENERGY 1.4 GW ITALY under development 5.6 GW STORAGE PV AND WIND of which 25% under development AGP Share 20 MW installed alteagre
Slide 14: Actual Backlog
Actual Backlog VALUE (€/M) TYPE Gross Net BESS 117.9 + premium* 79.0 PV/WIND 32.6 6.2 EPC 1.6 0.6 Co-Development Backlog 152.2 + premium* 85.8 yet to be collected • Gross value represents the total signed contract • Net value represents the value to be still invoice and collect as of September 30, 2
Slide 15: BESS: Commercial Structure Milestone
BESS: Commercial Structure Milestone SPA Closing Share Purchase Agreement 10% ▪ Land rights granted. ▪ Connection to National Grid granted. Development Service Agreement AU Submission 20% ▪ Preparation of the Project Design for the Authorization filing. ▪ Submission to the Authorizing Authority of t
Slide 16: FINANCIALS & BUSINESS PLAN
FINANCIALS & BUSINESS PLAN
Slide 17: 9M 2025 – Results highlights
9M 2025 – Results highlights Total GROWING MARGINS AND SOLID FINANCIAL STRUCTURE revenues EBITDA CONFIRM THE RESILIENCE OF THE BUSINESS MODEL € 19.5 M € 11.4 M vs € 20.3 M vs € 11.4 M • The difference in total revenues vs 9M 2024 reflects the natural progression of orders and operational dynamics in
Slide 18: 9M 2025 – EBITDA Bridge
9M 2025 – EBITDA Bridge €11.4 M EBITDA 59% EBITDA Margin vs € 11.4 M in 9M 2024 56% in 9M 2024 €/mln alteagreenpower.com 18
Slide 19: 9M 2025 – NFP Bridge
9M 2025 – NFP Bridge €/mln alteagreenpower.com 19
Slide 20: 2025 Guidance and 2028 Financial Targets
2025 Guidance and 2028 Financial Targets GROWTH STRATEGY OF THE 2024-2028 BUSINESS PLAN AND 2028 TARGETS CONFIRMED The postponement of the 2025 economics targets is due to a temporarily slow down of the BESS market segment linked to the MACSE auctions scheduled for the end of September. The positive
Slide 21: 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