Solaria Energia Y Medio Ambiente, S.a. · BME:SLR
Solaria Energia Y Medio Ambiente — Q1 2025 Earnings Presentation
22 slides from Solaria Energia Y Medio Ambiente's earnings presentation, Jun 3, 2025
Slide 1: Time for Action – Q1 2025 Results Presentation
TIME FOR ACTION Q1 2025 Results presentation JUNE 3, 2025 1
Slide 2: Key Highlights
KEY HIGHLIGHTS Very strong set of results Revenues EUR 81 M (+67%) EBITDA EUR 74 M (+77%) Net profit EUR 53 M (+127%) Investments EUR 62 M Strong Q1 2025 Results Generia transaction STONEPEAK deal 2025E EBITDA Target Maintained 1.4 GW to come online in 2025 50% completed Outlook Reaffirm 2025E EBITD
Slide 3: Generia Transaction
GENERIA TRANSACTION EUR 125 M pre-money valuation 50% SOLARIA / 50% STONEPEAK EUR 125 M to purchase renewable land in Europe 3
Slide 4: Sales Boosted by Generia Transaction
SALES BOOSTED BY GENERIA TRANSACTION Production Q1 2025 Q1 2024 % chg. Energy production decreased from 406 GWh to 372 GWh due to lower solar radiation, in the first quarter of the year. Production (GWh) 372 406 -8% Sales (EUR M) 73.2 40.0 +83% Sales boosted by Generia transaction Sales increased 83
Slide 5: Strong Set of Results
STRONG SET OF RESULTS EBITDA +77% Q1 2025 (EUR M) Q1 2024 (EUR M) % chg. In line with revenues, EBITDA increased from EUR 41.8 M to EUR 74 M. Total revenues 81.0 48.6 +67% NET PROFIT +127% EBITDA 74.0 41.8 +77% Net profit rose from EUR 23.6 M to EUR 53.4 M. Net profit 53.4 23.6 +127% 5
Slide 6: We Continue to Invest Strongly
WE CONTINUE TO INVEST STRONGLY OPERATING CF INVESTING CF FINANCING CF YTD Cash performance (EUR M) 11.5 (62.0) 37.2 74.0 (3.2) EUR 62 M INVESTMENT 54.3 (59.2) (11.9) 41.1 32.5 (7.2) (62.0) Issue of bonds Payment of Net Issue of Cash Net finance Working Cash EBITDA Capex & project bonds & project pro
Slide 7: 1.4GW Under Construction on Track
1.4GW UNDER CONSTRUCTION ON TRACK Evolution of the capacity in operation +1.4 GW +85% 3,033 MW 50% construction work already completed +760 MW +560 MW GAROÑA 710 MW JUNO 2 50 MW 1,658 MW +55 MW TUCANA 45 MW CENTAURUS 55 MW JUNO 1 50 MW SCORPIUS 85 MW ➢ Solar plant and substation VOLANS 1&2 100 MW co
Slide 8: Outlook – We Reiterate Our 2025 EBITDA Target
OUTLOOK – WE REITERATE OUR 2025 EBITDA TARGET EBITDA evolution (EUR M) 245-255 +24% 201.3 200 +0.7% 147 New assets connection 93 Revenues from new divisions 49 2020A 2021A 2022A 2023A 2024A 2025E 8
Slide 9: Time for Action – New PPA & Financing
TIME FOR ACTION – NEW PPA & FINANCING 1 TWh - 10Y Linked to a 50 MW solar project New under construction PPA Announced on April 24th Start date 2026 Pay-as-produced 175 MW SOLAR PV These assets are New Up to EUR 93.5 M linked to a future 70 financing In-principal agreement 20Y MW data center announc
Slide 10: 2.2 GW Hybrid Wind Portfolio – Garoña Hybridization
TIME FOR ACTION – WIND HYBRIDIZATION IS A REALITY Case study - Garoña hybridization 713 MW Solar PV under construction 185 MW Wind Connection Land Wind measurement Avifauna – Birdlife study 2.2 GW Public Information Hybrid wind Next step= DIA expected by end 2025 portfolio Of which 0.6 GW secured 10
Slide 11: 19.2 GWh BESS Portfolio Across Europe
TIME FOR ACTION – 19.2 GWh BESS PORTFOLIO ACROSS EUROPE GERMANY IBERIA ITALY & UK 19.2 GWh CO-LOCATED Of which demand connection permit secured 6,200 1,900 820 600 BESS portfolio STANDALONE 8,400 3,800 Of which 5.3 GWh secured - Of which demand connection permit secured 2,800 - 0.5 GWh to be install
Slide 12: Time for Action – BESS Payback <5Y
TIME FOR ACTION – BESS PAYBACK < 5Y Grid access secured and fully operational Best in class in CAPEX and time to service 5.6 GWh framework agreement signed EUR 80,000/MWh with Tier 1 supplier Project payback <5Y No new land need. Co-located inside the existing evacuation infra and PV facility. PAYBA
Slide 13: We Are Building a DC Portfolio Across Europe
TIME FOR ACTION – DATA CENTERS 2.7 GW requested WE ARE BUILDING A DC 1.4 GW PORTFOLIO ACROSS EUROPE requested Hathor Cluster 50 MW Ptah Clusters55 MW 1.2 GW 594MW Thot Cluster 475 MW requested Isis Cluster 250 MW Horus Cluster 213 MW Ra Cluster 70 MW Bastet Cluster 60 MW Amon Cluster 40 MW 2.7 GW re
Slide 14: New CMD in September – Update of Our DC Strategic Plan
TIME FOR ACTION – NEW CMD IN SEPTEMBER CAPITAL MARKETS DAY Update of our DC Strategic Plan September 2025 14
Slide 15: Time for Action – 10% Share Repurchase
TIME FOR ACTION – 10% SHARE REPURCHASE Purpose To repurchase Solaria shares in the context of different corporate actions Size The number of shares to be acquired will not exceed 12.495 million, representing 10% of Solaria's issued share capital. 15
Slide 16: Appendix
Solaria Appendix
Slide 17: Operating Data
Operating data Q1-2025 Q1 2025 Q1 2024 % chg. Capacity (MW) 1,658.0 1,658 - Spain 1,555.0 1,555 - Portugal and Greece 63.7 63.7 - Uruguay 22.7 22.7 - Italy 16.7 16.7 - Energy Sales (EUR M) 22.1 23.9 -8% Spain 19.4 20.5 -5% Portugal and Greece 0.4 0.6 -33% Uruguay 1.0 1.0 - Italy 1.3 1.8 -28% Product
Slide 18: Income Statement
Income Statement Q1-2025 EUR M Q1-25 Q1-24 Relative change (%) Net sales 73.2 40.0 83 Other income and earnings 7.8 8.5 -9 Total revenues 81.0 48.6 67 Personnel expenses (4.1) (4.4) -7 Operating expenses (2.9) (2.4) 23 EBITDA 74.0 41.8 77 Amortisation (11.2) (9.3) 20 EBIT 62.7 32.5 93 Financial Inco
Slide 19: Balance Sheet – Assets
Balance Sheet Q1-2025 Assets EUR M Q1-25 FY-24 Relative change (%) Non-current assets 1,921.0 1,806.9 6 Intangible assets 0.3 0.3 - Surface rights 143.1 144.1 -1 Tangible fixed assets 1,542.9 1,528.0 1 Other non-currents financial assets (derivatives) 184.8 87.5 111 Deferred tax assets 49.6 47.0 6 C
Slide 20: Balance Sheet – Liabilities
Balance Sheet Q1-2025 Liabilities EUR M Q1-25 FY-24 Relative change (%) Equity 673.6 617.8 7 Capital and share premium 310.9 310.9 - Other reserves 5.3 5.3 - Non-controlling interest 5.2 4.0 31 Retained earnings 303.9 250.4 21 Value adjustments 48.3 47.2 2 Non-current liabilities 1,089.3 1,057.5 3 O
Slide 21: Disclaimer
Disclaimer This document has been prepared by SOLARIA ENERGÍA Y MEDIO AMBIENTE, S.A. (“Solaria”) for information purposes only and it is not a regulated information or information that has been subject to prior registration or review by the Spanish Securities Market Commission. By attending a meetin
Slide 22: Thank you.
Thank you. 22
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