Altea Green Power S.p.a. · MIL:AGP
Altea Green Power — H1 2026 Earnings Presentation
20 slides from Altea Green Power's earnings presentation, Sep 11, 2026
Slide 1: H1 2026 Financial results
H1 2026 Financial results September 11st, 2026
Slide 2: Speakers
Speakers Giovanni Di Pascale Giancarlo Signorini CEO 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
Saitea Green Power UPDATE & PIPELINE
Slide 5: H1 2026 – Business update
H1 2026 – Business update BESS PROJECT IN PIEMONTE AUTHORISED BY MASE • BESS plant project with a capacity of 60 MW located in 14th Piemonte, Vignole Borbera (AL) Apr. • Positive track record of approved BESS projects – now exceeding 500 MW ACQUISITION OF FIRST PHOTOVOLTAIC PLANT IN 6th EMILIA-ROMAG
Slide 6: Acquisition of first photovoltaic plant
Acquisition of first photovoltaic plant PV PLANT DETAILS FINANCIAL TERMS The plant has a capacity of Total purchase price of the 16.75 MW, operational since transaction is approx. € 17 million: January 2024. • approx. € 16 million This acquisition represents a representing the value of the further s
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 in permitting • Co-Development: 0.8 GW in permitting phase + 590 MW already authorized phase • Development: 3.4 GW in permitting phase 4.2 GW PV in permitting • Co-Development: 359 MW in permitting phase + 24 MW already authorized phase • Development: 93 MW
Slide 9: Contracts value & Cash flow
Contracts value & Cash flow 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 projects 152.2 + premium* 70.8 yet to be collected • Contracts value represents the total signed contracts • Cash Flow Forecast 2026 - 20
Slide 10: Financials
Saitea Green Power FINANCIALS
Slide 11: H1 2026 Key highlights
H1 2026 Key highlights SECOND QUARTER OF 2026 SEES A RECOVERY: ALL ECONOMIC INDICATORS ARE IMPROVING COMPARED TO THE FIRST QUARTER OF 2026 START OF A NEW PHASE OF DEVELOPMENT TOWARDS THE ROLE OF INDEPENDENT POWER PRODUCER (IPP) The reduction in revenue is mainly attributable to the Company's strateg
Slide 12: H1 2026 – Results highlights
H1 2026 – Results highlights • REVENUE Total The decline is primarily due to the Company’s strategic decision revenue EBITDA to prioritise the direct development of projects that have already been authorised over their immediate commercialisation, bringing € 1.8 M ‘Ready to Build’ initiatives to mar
Slide 13: EBITDA Bridge
EBITDA Bridge alteagreenpower.com 13
Slide 14: NFP Bridge
NFP Bridge €/mln alteagreenpower.com 14
Slide 15: Outlook & Growth Strategy
Outlook & Growth Strategy NEAR TERM GROWTH AVENUES Disciplined and value-oriented strategy in a complex macroeconomic and regulatory Independent Power Producer (IPP) environment, with a focus on long-term value Scale-Up creation Ongoing expansion of project pipeline and Geographical Expansion execut
Slide 16: 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 17: Annex
Saitea Green Power ANNEX
Slide 18: H1 2026 Income Statement
H1 2026 Income Statement €/000 H1 2026 H1 2025 % Revenues 3,680 13,411 -73% Other revenues 1,812 258 602% Total Revenues 5,492 13,669 -60% Purchases, services and other operating costs (2,254) (4,268) -47% Personnel Expenses (1,433) (1,437) 0% Operating costs (3,687) (5,705) -35% EBITDA 1,805 7,964
Slide 19: H1 2026 Balance Sheet
H1 2026 Balance Sheet €/000 30-giu-26 31-dic-25 Non-current assets Intangible assets 251 319 Tangible assets 22,490 589 Deferred tax assets 901 44 Other non-current assets 1,440 1,400 Total non-current assets 25,082 2,352 Current assets Current assets 48,138 46,733 Other current assets 1,541 1,225 C
Slide 20: H1 2026 Net Financial Position
H1 2026 Net Financial Position €/000 H1 2026 FY 2025 A. Cash (10,102) (25,424) B. Cash equivalents and cash - - C. Other current financial assets (427) (192) D. Liquidity (A + B + C) (10,529) (25,616) E.Current financial debt (including debt instruments, but 11 2,007 excluding the current portion of