Cenergy Holdings Sa · EURONEXT:CENER
Cenergy Holdings Sa — Investor Presentation (September 2026)
29 slides from Cenergy Holdings Sa's investor presentation, September 2026
Slide 1: Corporate Presentation 2026
Corporate Presentation 2026
Slide 2: Agenda
Agenda Introduction to Cenergy Holdings Key Strengths Financials
Slide 3: Part of Viohalco, a Holding Company
Part of Viohalco, a Holding Company Viohalco is a holding company of several metal processing companies VIOHALCO AI Cu Fe Aluminium1 Copper1 Cables Steel Pipes Steel Real Estate2 R&D Cenergy Holdings is the holding company for the Cables and Steel Pipes Segments ~6 9 % ~31% Cenergy Holdings Ownershi
Slide 4: Two leading segments in Cables & Steel pipes
Two leading segments in Cables & Steel pipes
Slide 5: Cables Segment at a Glance
Cables Segment at a Glance About 195 3 50 • Leading cable solutions provider for energy transition Established Countries • LV to EHV portfolio for onshore, offshore & telecom applications c. €1bn €1,46 4m Investments FY25 Sales since 2012 FY2025 Sales 5 ~3,4 00 Manufacturing Europe 67% Energy Projec
Slide 6: Cables Segment at a Glance: Customers and Activities
Cables Segment at a Glance Customer Examples Offshore Wind Developers Grid Operators Key Activities Transmission, Distribution & Renewables LV, MV, HV & EHV, Onshore and Offshore Telecom & Data Facilities Under Cables Supporting Grid Operators Port Construction Plant Production Facility Industrial A
Slide 7: Steel Pipes Segment at a Glance
Steel Pipes Segment at a Glance About • Global leader in steel pipe solutions for the energy sector 1969 55 Established Countries • Trusted top -tier supplier to major international energy operators • Pioneering high-pressure pipelines for hydrogen and offshore CCS > €2 50m €5 9 7m Investments FY25
Slide 8: Steel Pipes Segment at a Glance: Customers and End-Markets
Steel Pipes Segment at a Glance Customer Examples Activities and End -Markets Gas & Liquid Fuel Onshore Pipelines Drilling & Extraction Offshore Pipelines CCS (Carbon Capture & Storage) CO 2 Pipelines Long -Term Partnership with Top Quality Steel Producers Hydrogen Hydrogen Pipelines Construction Co
Slide 9: Long Heritage of Successful Growth
Long Heritage of Successful Growth 2024 HC establishes a new 2016 manufacturing facility n Baltimore, MD, USA for HV Merger of HC and CPW; land cables listing on Euronext Brussels and Athens Exchange Successful SCI EUR 200 million Focus on Growth in Expanding into Establishing HV Established Energy
Slide 10: Enabling the Energy Transition
Enabling the Energy Transition Renewable Energy Sources Wide range of cable solutions (onshore, offshore, floating OW parks) Gas / Biofuel Leader in gas pipelines with long experience in deep offshore pipes Electricity & Power Connections Subsea connections: Leading position Transmission networks: L
Slide 11: Key Strengths
Key Strengths co CENERGY
Slide 12: Key Strengths
Key Strengths Leading position in energy transmission in a 1 growing electrification market Well-invested and vertically integrated asset base 2 with capacity expansion potential Established technological capabilities with a 3 longstanding commitment to innovation Clearly defined strategy to drive g
Slide 13: Energy Transition Trends Driving Demand
1 Energy Transition Trends Driving Demand Increasing Global Regulatory Support Emerging New Energy Signi ficant Investment in Demand for Energy for Green Transition Technologies Infrastructure Addressing energy transition demand Capturing electrification growth through through high-spec steel pipe s
Slide 14: Cables: technologically advanced facilities, c. €1bn invested since 2012
Cables: technologically advanced facilities 2 c. œ1bn invested since 2012 ✓ Strategically located facility with direct access to a private port ✓ Vertically integrated operations - Optimized logistics & streamlined cost base ✓ Footprint positioned in competitive, European locations Corinth ICME ECAB
Slide 15: Expansion to Capture the US Opportunity
2 Expansion to Capture the US Opportunity CLEAR RATIONALE STATE -OF -THE -ART FACILITY • Strong mega trends and supporting policy environment generate powerful momentum for LT growth • Data centers : a strategic growth opportunity in the US • Capacity constraints from local players (v. long lead tim
Slide 16: Steel Pipes: expanded global footprint providing end-to-end Solutions
Steel Pipes: expanded global footprint 2 providing end-to-end Solutions Hartlepool Thi sv i 16’’ – 42 ’’ LSAW (UOE) 18’’ – 84 ’’ LSAW (3RB) 2’’ – 7.625 ’’ HF W 8.625’’ – 26’’ HFW 16’’ – 56’’ LSAW Storage 24’’ – 100’’ HSAW External / Internal >150 Coating Solutions R&D Lab Storage ✓ Broad portfolio c
Slide 17: Expanded Global Footprint
2 Expanded Global Footprint LSAW FACILITY ACQUIRED IN UK ENHANCED CAPACITY ➢ Increases production capacity ➢ Strengthens global position ➢ Supports energy transition projects (Hydrogen & CCS) ➢ Trusted supplier to major energy companies (Shell, BP, Total, Equinor) and subsea leaders (Subsea 7, Saipe
Slide 18: Advanced Technological Capabilities
3 Advanced Technological Capabilities Leading Technological Capabilities Landmark Projects Long Continuous Length Submarine Cables Complex Turnkey Project Solutions of up to 5 25 kV Dogger Bank: between 2021-2025, the Cables Segment supplied ca. 900km of 66kV inter-array cables and accessories to th
Slide 19: Clearly Defined Strategy to Drive Growth and Profitability
Clearly Defined Strategy 4 to Drive Growth and Profitability Key Strategy Pillars Automation across the factory Real - time maintenance Optimise Optimise capacity by leveraging on 03 Performance order backlog and project work Deliver US facility Strengthen European market position (Hartlepool) Incre
Slide 20: Financials
FINANCIALS co CENERGY
Slide 21: Sustained Growth & Profitability
5 Sustained Growth & Profitability CABLES SEGMENT STEEL PIPES SEGMENT CENERGY HOLDINGS GROUP YoY Revenue + 17% + 20% -1% 4% + 10% + 15% Growth % Revenue ( €m) 1,047 1,224 1,464 581 573 597 1,628 1,796 2,061 202 3 202 4 202 5 202 3 202 4 202 5 202 3 202 4 202 5 a -EBITDA 14 .4 % 14.7% 16 .5% 11.0 % 1
Slide 22: Project mix and execution drive margin expansion in H1 2026
5 Project mix and execution drive margin expansion in H12026 Adjusted EBITDA ΕΒ ITDA Turnover (%) as percentage of revenue (%) as percentage of revenue +13% +26% 1,153 1,022 +26% +30% 812 216 223 +43% +41% 171 171 119 121 14.7% 16.7% 18.7% 14.9% 16.8% 19.3% H1 2024 H1 2025 H1 2026 H1 2024 H1 2025 H1
Slide 23: Manageable leverage during strategic capex cycle
5 Manageable leverage during strategic capex cycle Net debt Net Debt / EBITDA* +229 433 2.0x -139 JUN2.0x25 343 0.6x 204 DEC 25 1.1x JUN 26 JUN DEC JUN 2025 2025 2026 Amounts in EUR million *Last 12 months EBIT DA Source: Company information and public filings as of H1 2026
Slide 24: Strong Continued Momentum
5 Strong Continued Momentum NEW AWARDS 2026 BC -WIND OWF (PL) ALLIANDER N.V. (NL) 66kV inter - array submarine Dec 2024 Dec 2025 ΜV & LV power cables cables € 3.5 bn € 3.4 bn framework agreement Dec 2023 €3.2bn Jun 2026 €3.9bn 4 ISLAND INTERCONNECTIONS 150kV AC subsea & land cables (GR) CORINTH –KOS
Slide 25: Strong Continued Momentum: Backlog
5 Strong Continued Momentum REGIONS APPLICATIONS Americas Rest of world Other Cables backlog on June 30, 2026 Wind offshore 2% 15% 1% 21% €3.4bn 39% ~87% of total 58% Europe 64% Greece Interconnections Rest of world Europe 3% Steel pipes backlog on June 30, 2026 Gas fuel 28% 28% €0.5bn 40% Hydrogen
Slide 26: Delivering returns
5 Delivering returns D PS / Payout ratio 1 Share price 2 evolution ( € / share) a-ROCE 3 Amounts in €/share 23 .16 +86 % + 75 % 21.0% 26.3% 28. 4 % 27.8% 9.39 0. 08 0. 14 0. 26 (20.9%) (21.3%) (28.5%) 202 3 202 4 202 5 Dec Aug 202 4 2023 2025 H1202 6 2024 202 6 3Adjusted Return on Capital Employed (
Slide 27: FY2026 Guidance
5 Committed to deliver UPGRADED FY2026 Guidance 39 0 4 20 Adjusted EBITDA 1 range + 12% / + 21% Cables Segment Next growth phase with strong visibility, 39 0 - 4 20 with improved operations and good fundamentals 348 Steel pipes Segment 272 Positive momentum with strong backlog Disciplined project se
Slide 28: Disclaimer
Disclaimer This corporate presentation and accompanying discussion (together with any materials, oral commentary or question and answer session delivered together herewith, the ”presentation”) have been prepared by cenergy holdings S .A . (The ”company”, and together with its consolidated subsidiari
Slide 29: Corporate Presentation
Corporate Presentation 2026
Cenergy Holdings — Investor Presentation (September 2026) on 6ix