Altea Green Power S.p.a. · MIL:AGP
Altea Green Power — Non-Deal Roadshow (May 2025)
30 slides from Altea Green Power's roadshow presentation, May 28, 2025
Slide 1: Investor Presentation
Investor Presentation Milan, May 28th 2025
Slide 2: Speakers
Speakers Giovanni Di Pascale Salvatore Guarino Giancarlo Signorini CEO General Manager CFO alteagreenpower.com 2
Slide 3: Index
Index At a glance Market Update, Pipeline & Backlog Financial & Business Plan Annex alteagreenpower.com 3
Slide 4: 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 +79% Italy with companies such as Iberdrola, BESS storage sector and in 35.4 Enlight, Ae
Slide 5: Our history
Our history Altea Green Power (AGP) Incorporation of Altea Green Power Altea Power, Altea Energia ends AGP has unveils its BP24-28. involved in energy the energy trading and gas trading created a It also completes activity and close Starting Altea Energia AGP pipeline of 2.5 the translisting EPC dev
Slide 6: 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 7: Market
Site Green Power MARKET
Slide 8: 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 9: 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 10: The electricity system redesigned by the Terna-Snam scenario
The electricity system redesigned by the Terna-Snam scenario Elemens, LookOut Report Q4-24 alteagreenpower.com 10
Slide 11: Update, Pipeline & Backlog
Site Green Power UPDATE, PIPELINE & BACKLOG
Slide 12: 2025 Business update
2025 Business update BESS PROJECT IN BASILICATA AUTHORISED BY MASE ▪ BESS plant project with a capacity of 200 MW ▪ Authorization process completed in 21 months ▪ Generate cash flows of around €13 million over the next 15-18 months STRATEGIC COLLABORATION WITH BYD • Signed a Mou (Memorandum of Under
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 & GW WIND ENERGY USA GW 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* 81.4 PV/WIND 32.6 7.4 EPC 1.6 0.2 Co-Development Backlog 152,2 + premium* 89.0 about € 90 million yet to be collected • Gross value represents the total signed contract • Net value represents the value to be still invoice and collect as
Slide 15: BESS: Commercial Structure Milestone
BESS: Commercial Structure Milestone SPA Closing ▪ Land rights granted. Share Purchase Agreement 10% ▪ 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
Site Green Power FINANCIALS & BUSINESS PLAN
Slide 17: Q1 2025 – Results highlights
Q1 2025 – Results highlights EXCELLENT PROFITABILITY Total Revenue EBITDA STRONG CASH-POSITIVE FINANCIAL POSITION, SHOWING SIGNIFICANT IMPROVEMENT COMPARED € 7.1 M € 4.4 M vs € 9.7 M in vs € 6.6 M in TO YEAR-END 2024 Q1 2024 Q1 2024 • Revenue performance in Q1 2025 mainly reflects progress in the pe
Slide 18: Q1 2025 NFP Bridge
Q1 2025 NFP Bridge €/mln alteagreenpower.com 18
Slide 19: FY 2024 – Results highlights
FY 2024 – Results highlights Total EXTRAORDINARY FINANCIAL RESULTS WITH revenue EBITDA SIGNIFICANT INCREASES VS FY 2023 € 35.4 M € 21.9 M +118% +200% • Revenue (+118%) mainly due to the co-development contract for the 9 BESS Storage plants in Italy and the progress of the authorisation processes for
Slide 20: 2025 Guidance and 2028 Financial Targets
2025 Guidance and 2028 Financial Targets • 2025 guidance in line with AGP growth strategies • 2028 targets of the 2024-2028 Business Plan confirmed Guidance 2024 FY 2024 Guidance 2025 Targets 2028 Revenues € 31-34 M € 35.4 M € 46-51.5 M € 60-73 M EBITDA € 17-19 M € 21.9 M € 27-30.5 M € 35-42 M EBITD
Slide 21: Annex
Site Green Power ANNEX
Slide 22: The Business areas
The Business areas CO- PV DEV. OWNED EPC STORAGE ITALY ITALY AND EE USA Storage Construction Engineering Development of Photovoltaic of Photovoltaic Procurement Storage projects Wind Systems Owned Construction in the USA in Italy and Energy Efficiency alteagreenpower.com 22
Slide 23: Expertise
Expertise Photovoltaics, wind power, storage, energy efficiency Altea Green Power OUR STAFF is an ever-growing 34 people company that consistently adapts, offering businesses, funds, and GRADUATES investors a successful combination: the 75% reliability and compliance of a top player, paired with the
Slide 24: Q1 2025 Income Statement
Q1 2025 Income Statement €/000 Q1 2025 Q1 2024 % Revenues 7,024 9,675 -27% Other revenues 58 74 -22% Total Revenues 7,082 9,748 -27% Purchases, services and other operating costs (1,840) (2,614) -30% Personnel Expenses (817) (490) 67% Operating costs (2,658) (3,104) -14% EBITDA 4,424 6,644 -33% EBIT
Slide 25: Q1 2025 Balance Sheet
Q1 2025 Balance Sheet €/000 31-mar-25 31-dic-24 Non-current assets Intangible assets 263 180 Tangible assets 706 739 Deferred tax assets 82 93 Other non-current assets 1,544 1,544 Total non-current assets 2,596 2,556 Current assets Current assets 68,529 63,013 Other current assets 5,980 1,419 Cash a
Slide 26: Q1 2025 Net Financial Position
Q1 2025 Net Financial Position €/000 1Q 2025 FY 2024 A. Cash (6,334) (1,870) B. Cash equivalents and cash - - C. Other current financial assets - - D. Liquidity (A + B + C) (6,334) (1,870) E.Current financial debt (including debt instruments, but excluding the current portion of non-current financia
Slide 27: Business Strategy
Business Strategy Consolidation of AGP's position as a player in Ongoing US development* in both the the sector of the development of BESS Storage and Mixed Solar sectors, and projects in Italy with a market share of no through new joint ventures in which AGP less than 10%. holds a majority position
Slide 28: Investment Highlights
Investment Highlights OPERATING EXPERIENCE AND PARTNERSHIP PROFITABILITY RELIABILITY 1 2 3 Strategic partnership in US and in Very high EBITDA margin: Experience in identifying areas of Italy ≈ over 50%. development and reliability in the execution of work. SKILLS IN-DEPTH KNOWLEDGE KNOW-HOW 4 5 6 D
Slide 29: Management team
Management team G. Di Pascale S. Guarino G. Signorini CEO General Manager CFO P. Galassi R. Malandrino E. Martoglio Head of Business Dev. Head of Legal and Head of Business Energy Efficiency Corporate Affairs Dev. Renewables alteagreenpower.com 29
Slide 30: Altea Green Power S.p.A.
Immagine che contiene simbolo, cerchio, giallo, Carattere Altea Green Power S.p.A. 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