Slide 1: Econergy Q2-2026 investors presentation
OPEN & CLOSE SLIDE Econergy Q2-2026 investors presentation August 2026
Slide 2: Limitation of liability
Investors Limitation of liability Presentation Q2-26 The purpose of this presentation is to present Econergy Ltd. (the "Company”) and it is Company's control. The Company does not declare or guarantee the completeness, intended for the provision of information only. This presentation does not consti
Slide 3: Significant progress in our portfolio during 2026
Investors Significant progress in our portfolio during 2026 Presentation Q2-26 13GW 1.3GW 1GW Company portfolio Under construction Connected and RtC (up from 0.6GW) 61MW 280MW Connected to the grid Completed construction during the year and on schedule * As of the report date 3
Slide 4: Major 2026 milestones
Investors Major 2026 milestones Presentation Q2-26 Strong momentum in expanding operations and strengthening growth engines (*) M&A FR Wind Platform €825m in Debt and Equity Joined TA-90 Index Strategic acquisition adding ~741MW to Strengthened financial capacity to Ranking among TASE ’s 125 largest
Slide 5: The core levers of Econergy's strategy
Investors The core levers of Econergy's strategy Presentation Q2-26 Local developer DNA Accelerated growth Storage -led growth Diversification Local management Proven execution capabilities Storage integration enhances Market and technology throughout the value chain and a global capital niche retur
Slide 6: Large scale portfolio supporting growth forecasts
Investors Large scale portfolio supporting growth forecasts Presentation Q2-26 A leading EU-focused renewable energy platform * 13.2GW Advanced portfolio: connected, ready to connect, under construction 3.2 and pre-construction 6.5 3.6 1.2 13.2 12 months to construction 1.3 1.0 Connected & Under con
Slide 7: 2026 portfolio evolution
Investors 2026 portfolio evolution Presentation Q2-26 A leading EU-focused renewable energy platform * 509MW 13.2GW Advanced portfolio: connected, ready to connect, under construction 1,010MW 3.2 and pre-construction Growth compared to Q4-25 6.5 137MW 3.6 1.2 281MW 13.2 12 months to construction 1.3
Slide 8: 1.3 GW under construction, with all required equity secured
Investors 1.3 GW under construction, with all required equity secured Presentation Q2-26 Expected connection dates for projects U/C(1) 2026 2027 2028 Total 623 1,332MW 2.3GW connected, 493 RfC & U/C 861 589 110 1.3 GW under 20 249 construction, with 157 the required equity 268 49 69 already invested
Slide 9: Accelerated growth in connections and construction
Investors Accelerated growth in connections and construction Presentation Q2-26 Advancing to the next growth phase with 1-2 GW of annual construction starts Connected and under construction (GW) (*) (1) Connected & ready to connect 5.7 Under construction 4.5 2.0 CAGR +50% 2.1 3.0 2.0 1.7 3.7 0.9 1.3
Slide 10: Advanced portfolio with €295M revenues
Investors Advanced portfolio with €295M revenues (company share) (1) Presentation Q2-26 Advanced portfolio 13.2GW connected, ready to 3.2 connect, under construction and 3.6 6.4 pre-construction 1.2 1.3 1.0 Connected & Under construction* Pre-construction Advanced portfolio Advanced development Deve
Slide 11: Strong portfolio translates into significant growth
Investors Strong portfolio translates into significant growth Presentation Q2-26 Electricity sales results forecast, 100% in € Millions (1, 2, 3) Excluding revenues from asset management services, construction services, and development disposals Revenues EBITDA FFO 413 (295) 335 (238) 240 184 (171)
Slide 12: French M&A of Escofi, local wind platform
Investors French M&A ofEscofi , local wind local platform Presentation Q2-26 100% acquisition to capture value across the value chain(5) • 741MW development pipeline • Significant component of secured revenues • 162 MW connected and U/C • 147MW of advanced development • Strong and established manage
Slide 13: France: growth, stability and government contracts
Investors France : growth, stability and government contracts Presentation Q2-26 French wind benefits from dual support: structural electricity demand & stable revenue mechanisms Supportive macro Revenue certainty Competitive financing Wind market growth conditions Aging nuclear fleet and EU Inflati
Slide 14: Escofi: strong base, large pipeline & attractive multiple
Investors Escofi : strong base, large pipeline & attractive multiple Presentation Q2-26 Attractive multiple Significant portfolio Resilient Growth € 236M Enterprise Value 128 34 Operational Contracted income 50MW U/C 90%+ of operational and €134m equity, €102m debt won CfD 147 Adv. Dev* U/C projects
Slide 15: EU power market transformation creating challenges
Investors EU power market transformation creating challenges Presentation Q2-26 1 Europe embraces 2 Renewables create 3 Storage: the new renewables challenges baseload Increasing number of negative-price Renewables as a share of total Bridges the supply -demand gap hours electricity generation 54% B
Slide 16: Econergy with a leading position in energy storage
Investors Econergy with a leading position in energy storage Presentation Q2-26 Well diversified, Significant Strong Advanced Portfolio With market-tailored storage portfolio ramp-up forecast (1) strategy (9) 4.2 Connected & RfC 0.2 Co-location across the portfolio to 3.3 enhance returns and add hed
Slide 17: €825M in debt and equity raised in 2026
€825M in debt and equity raised in 2026(*) Investors Presentation Q2-26 January February March April May June July August €67M €136M €31M €166M €146M €50M €229M January, equity January, Series March, Ovidiu May, equity July, Series D July, August, Parau2 raise)10( C bonds , 5.25% project debt raise)
Slide 18: Financial strength coupled with disciplined policies
Investors Financial strength coupled with disciplined policies Presentation Q2-26 Equity Debt 47% Significant fundraising of €825m Balanced mix of sources through since beginning of 2026* capital, bonds, project financing Debt to equity ratio Stable A3.il rating by Midroog Growth in equity of €210m
Slide 19: Appendixes
dividers Appendixes
Slide 20: Balanced geo diversification across key EU markets
Investors Balanced geo diversification across key EU markets Presentation Q2-26 UK Germany 19projects 3 projects Poland 82 400 36 projects Development 1,463 100 1,368 Advanced development 280 500 997 268 Pre-construction 249 90 52 Under construction 2,183 2,666 Operating and ready to Romania connect
Slide 21: Romania: market leadership, storage integration
Investors Romania: market leadership, storage integration Presentation Q2-26 Leading player in RO market Co-location strategy Positive macro developments A leading early mover in the Romanian Storage integration with significant Maturing market with regulatory and market (GW)(1) benefits (1) commerc
Slide 22: UK: storage-focused strategy in a renewables led market
Investors UK: storage-focused strategy in a renewables led Presentation Q2-26 market An early storage player in the UK, a market with strong storage fundamentals High renewables penetration increases Our portfolio is storage-led (MW), With meaningful near-term growth volatility and negative-price ho
Slide 23: Poland: robust pipeline with strong revenue visibility
Investors Poland: robust pipeline with strong revenue visibility Presentation Q2-26 Significant portfolio in various stages of maturation (MW)(1) Distribution License (DSO) 320 DSO license secured for Resko, Under construction Significant growth expected enabling independent distribution Connected &
Slide 24: Italy: market with significant potential
Investors Italy: market with significant potential Presentation Q2-26 A renewables platform in Italy with meaningful potential Significant renewables Significant growth expected in penetration Italy (MW) (1) Renewables as a share of total electricity generation 38% 503 Italy is a key growth market f
Slide 25: Strong growth expected in EU electricity demand
Investors Strong growth expected in EU electricity demand, Presentation Q2-26 alongside a material shift in its mix European electricity demand: expected to European Electricity Demand Forecast by Segment grow by 60% by 2040 (1, 23) TWh, 2010-2040: 5.3 Existing uses expected to keep grow (1% p.a.) a
Slide 26: Significant potential in each of our target markets
Investors Significant potential in each of our target markets Presentation Q2-26 Installed capacity compared to national renewable energy targets (GW)(24) PV Wind BESS PV Wind BESS Actual 2025 Expected capacity addition 349 17 47 125 98 11 15 188 111 2 99 4 36 13 14 54 68 5 64 18 6 37 7 37 7 16.7 57
Slide 27: Ownership structure & partners' investments
Investors Ownership structure & partners ’ investments Presentation Q2-26 Founders: Stakeholders: Eyal Podhorzer & Yoav Shapira Econergy Ltd. TASE: ECNR 79.26% Econergy International Limited (UK) (Holding Company) 20.74% מצטברת של השקעת הון IG Fund RGreen Invest אירוCumulative מיליון137 ca
Slide 28: Supportive macro environment
Investors Presentation Q2-26 Supportive macro environment Electricity Price Forecast for PV in Euro per MWh (25) Romania Italy Poland The forecast assumes a 100 80 100 decline in European PV 60 80 80 power prices over the 60 next decade, driven by 60 40 lower fuel prices and 40 40 20 rising renewabl
Slide 29: Consolidated balance sheet as of 30.06.26
Investors Consolidated balance sheet as of 30.06.26 (€ millions) Presentation Q2-26 30.06.2026 31.12.2025 Total Current Assets 305 120 Total Non-Current Assets 1,113 986 Total Assets 1,418 1,106 Total Current Liabilities 61 136 Total Non-Current Liabilities 708 530 Total Liabilities 769 666 Total Eq
Slide 30: Consolidated P&L as of 30.06.26
Investors Consolidated P&L as of 30.06.26 (€ millions) Presentation Q2-26 3 months ended June 30 6 months ended June 30 2026 2025 2026 2025 Revenue from operating activities 10 2 16 8 Revenue from realization of development - - - 27 Total revenues 10 2 16 35 Total expenses (14) (9) (27) (17) Operati
Slide 31: ESG - milestones and objectives
Investors ESG - milestones and objectives Presentation Q2-26 Econergy and its stakeholders pledge to adopt a corporate responsibility policy that Aligned with international encompasses environmental, economic, and social dimensions, recognizing their importance for reporting standards: the business'
Slide 32: Non-GAAP Index Definitions
Non-GAAP Index Definitions Investors Presentation Q2-26 EBITDA, FFO and FCF for the Company’s projects are Non-GAAP measures (i.e., non-accounting measures) and are not prepared in accordance with accounting standards. Certain companies are held (or expected to be held) with third-party partners, as
Slide 33: Footnotes
Footnotes Investors Presentation Q2-26 1. The Company’s estimates include forward-looking information, as of the date of publication of the next quarterly financial statements. 2. Average Revenues,Ebitda and FFO, from electricity sales only, are presented for the first five full years of commercial
Slide 34: Footnotes
Footnotes Investors Presentation Q2-26 16. For additional details, see immediate report dated 13.08.2026,reference no.2026-01-075867 17. For additional details, see report dated15.01.2026 , reference no.2026-15-006939, and further Rating Action from June2026—see report dated29.06.2026, reference no.
Slide 35: Thank you
OPEN & CLOSE SLIDE Thank you