Elektrotim S.a. · GPW:ELT
Elektrotim — H1 2026 Earnings Presentation
26 slides from Elektrotim's earnings presentation, Sep 16, 2026
Slide 1: Investor Conference: Summary of 1H 2026
Investor Conference Summary of 1H 2026 Wrocław, September 16, 2026
Slide 2: ELEKTROTIM S.A.
ELEKTROTIM S.A. Power Grids Installations and Infrastructure • Power Engineering • Defense • Industry • Railway Traction • Public utility infrastructure 2
Slide 3: Key Figures
Key Figures 843 million PLN 700 million PLN 682 million PLN record order backlog as of market capitalization value of contracts signed July 31, 2026 as of August 25, 2026 in January–August 2026 20 million PLN 85 million PLN dividend payment dividend payment in 2026 in 2023–2026 3
Slide 4: Presentation Agenda
Presentation Agenda Market Environment Key Contracts Order Backlog Financial Results Implementation of the Strategy Management Stock Program Questions and Answers 4
Slide 5: The Market in 1H 2026
The Market in 1H 2026 The energy sector remains the strongest segment Poland's GDP rose 3.9% year-over-year in of the infrastructure market, supported by the second quarter of 2026, supporting programs to modernize and expand transmission investment activity and distribution networks Construction an
Slide 6: Outlook
Outlook High investment potential in power grids A revival in tenders and market acceleration expected in 2027 Rising spending on defense and critical infrastructure The growing importance of integrated security systems Strategic contracting and a focus on profitability 6
Slide 7: Major Contracts Signed in January–August 2026
Major Contracts Signed in January–August 2026 [net amounts] ORLEN Termika Government Services Poland Total value Value Value Value 225 million PLN 124 million PLN 89 million PLN 42-45 million PLN Nowe Technologie Value Value Value Value 27 million PLN 26 million PLN 22 million PLN 18 million PLN 7
Slide 8: Order Book
Order Book 900 843 813 783 290 million PLN 800 727 733 745 700 680 647 643 Planned execution of the backlog 610 589 600 569 568 in 2026 542 524 545 499 500 473 400 329 553 million PLN 293 271 Planned execution of the backlog 300 253 247 232 240 238 224 in 2027-29 200 100 0 843 million PLN 25% y/y 68
Slide 9: Separate Financial Results
Separate Financial Results 9
Slide 10: Key Figures for 1H 2026
Key Figures for 1H 2026 Revenue from sales EBITDA Net income 189 8,6 4 million PLN million PLN million PLN 10
Slide 11: Separate Income Statement for 1H 2026
Separate Income Statement for 1H 2026 Sales revenue in millions of PLN EBIT in millions of PLN Net income in millions of PLN 11 7 203 189 6 4 1H 2026 1H 2025 1H 2026 1H 2025 1H 2026 1H 2025 11
Slide 12: Segment-by-segment revenue in 1H 2026
Segment-by-segment revenue in 1H 2026 203 million PLN 189 million PLN 48% 41% 59% 70% 59% 41% 41% 44% 39%32% 1H 2026 1H 2025 Sieci Power elektroenergetyczne grids Instalacje i infrastruktura Installations and Infrastructure 12
Slide 13: Separate Financial Results for 1H 2026
Separate Financial Results for 1H 2026 [in thousands of PLN] Change Item description 1H 2026 1H 2025 Change in % Revenue from sales 188 598 202 545 -13 947 -7% Gross Profit from Sales 19 703 24 067 -4 364 -18% 48% Gross Profit Margin 10,4% 11,9% -1,4pp Costs of Sales 7 608 70% 6 015 1 593 26% Genera
Slide 14: Separate Financial Results for 1H 2026 (Assets)
Separate Financial Results for 1H 2026 [in thousands of PLN] Change Item description 30.06.2026 31.12.2025 Change in % Noncurrent Assets 41 474 42 296 -822 -2% 48% Intangible Assets and Goodwill 2 833 2 755 78 3% Property, Plant, and Equipment 1870% 875 19 366 -491 -3% Long-term Investments and Othe
Slide 15: Separate Financial Results for 1H 2026 (Liabilities)
Separate Financial Results for 1H 2026 [in thousands of PLN] Item description 30.06.2026 31.12.2025 Change Change in % Equity 117 141 133 116 -15 975 -12% Liabilities and Provisions for Liabilities 106 202 181 527 -75 325 -41% Long-Term Liabilities 28 592 30 274 -1 682 -6% Deferred Income Tax Reserv
Slide 16: Separate Cash Flows in 1H 2026
Separate Cash Flows in 1H 2026 [in thousands of PLN] 1H 2026 1H 2025 Cash at the Beginning of the Period 11 487 47 341 Cash Flows from Operating Activities 29 208 - 65 144 Cash Flows from Investing Activities - 615 - 322 Cash Flows from Financing Activities - 3 793 25 834 Total Net Cash Flows from O
Slide 17: Liquidity Position for 1H 2026
Liquidity Position for 1H 2026 [in thousands of PLN] 2,30 2,34 1,78 1,80 0,03 -2,87 Net DługFinancial Debt finansowy to EBITDA netto do EBITDA Second-Degree Liquidity Wskaźnik płynności Ratio ll stopnia First-Degree Wskaźnik Liquidity płynności Ratio l stopnia 17
Slide 18: Cash Flows in 1H 2026
Cash Flows in 1H 2026 [in thousands of PLN] 120 000 83 173 100 000 -979 80 000 60 000 32 417 40 000 -5 664 -2 936 36 287 -5 609 20 000 2 720 5 286 11 487 -83 608 0 Środki Zmiana Przepływy Zapłacony Środki Zmiana Zmiana Aktywa z pieniężne Wynik brutto Amortyzacja należności, finansowe i Leasingi poda
Slide 19: Sources of funding in 1H 2026
Sources of funding in 1H 2026 [in millions of PLN] 30.06.2026 31.12.2025 Credit Limits 237 227 Warranty Limits including: 707 625 insurance-related 357 337 • bank-related 350 288 Used credit limits 0 0 Used warranty limits 131 133 19
Slide 20: Implementation of the ELEKTROTIM Strategy 2026–2030
Implementation of the ELEKTROTIM Strategy 2026–2030 I Strengthening core operations II New markets and business III Improving the organization IV Sustainable development V Partnerships and strategic models of the future financial alliances • Growth in the value of • Expanding the General • Continuou
Slide 21: Management Stock Program
Management Stock Program ELEKTROTIM S.A. Incentive Program 2026–2028 A stock-based incentive program for key managers and experts at the ELEKTROTIM Group. The release of subsequent tranches is contingent upon meeting challenging gross profit targets, which reinforces the organization’s focus on impl
Slide 22: Dividend Policy
Dividend Policy million PLN 25 25 20 15 12 6 3 2015 2016 2017 2018-2022 2023 2024 2025 2026 2015 2016 2017 2018 - 2022 2023 2024 2025 2026 PLN/share 0,6 1,2 0,4 - 1,5 2,5 2,5 2,0 Dividend payment on July 24, 2026 20 million PLN Total dividend amount for 2023–2026 85 million PLN 22
Slide 23: ELEKTROTIM Stock Price (PLN) – YTD 2026
ELEKTROTIM Stock Price (PLN) – YTD 2026 PLN 54% 75,00 70,00 65,00 60,00 55,00 50,00 45,00 40,00 12.2025 01.2026 02.2026 03.2026 04.2026 05.2026 06.2026 07.2026 08.2026 23
Slide 24: ELEKTROTIM vs WIG vs sWIG80 - YTD 2026
ELEKTROTIM vs WIG vs sWIG80 - YTD 2026 (30.12.2025 = 100%) 170 160 ELT: 54% 150 WIG: 31% sWIG80: 6% 140 130 120 110 100 90 12.2025 01.2026 02.2026 03.2026 04.2026 05.2026 06.2026 07.2026 08.2026 24
Slide 25: Summary
Summary Revenue Profitability Order Book Project implementation cycle and the Cost and competitive pressures in the A strong market position that ensures impact of weather conditions in Q1 construction sector; building capacity revenue stability 2026 to support the order portfolio in future periods
Slide 26: Thank you for your attention
Thank you for your attention Wrocław, September 16, 2026