Tsk Electronica Y Electricidad Sa · BME:TSK
Tsk Electronica Y Electricidad Sa — H1 2026 Earnings Presentation
25 slides from Tsk Electronica Y Electricidad Sa's earnings presentation, Sep 11, 2026
Slide 1: H1 2026 Results
H1 2026 Results H1 2026 RESULTS September 11, 2026 Beatriz García - Executive Vice President Francisco Gonzalez - CFO Joaquín García - CEO Rafael del Castillo - Chief Strategy & Corporate Development Officer · IR 1 Hybrid Solar Plant (200 MW PV + 285 MW/4h BESS) - PR
Slide 2: Index
CCGT 950 MW 2x1 GTM501JAC- Mexico H1 2026 Results INDEX 01 H1 Highlights › 02 Solutions for a sustainable world › 03 New life as listed company › 04 Main KPIs & Financial Results › 05 Guidance & Closing Remarks › 2
Slide 3: H1 2026 Highlights
01 | H1 2026 Highlights H1 2026 Results SALES +4% YoY CONTRIBUTION PROFIT +43% YoY EBITDA +54% YoY €481m €70.1m 14.6% CP margin €44.5m 9.3% EBITDA Margin H1 2025 €464m H1 2025 €48.9m | 10.6% CP Margin H1 2025 €28.9m | 6.3% EBITDA Margin ~1,500% YoY EQUITY NET ATTRIBUTABLE PROFIT x16 NET CASH +€382m
Slide 4: Index
H1 2026 Results INDEX 01 H1 Highlights › 02 Solutions for a sustainable world › 03 New life as listed company › 04 Main KPIs & Financial Results › 05 Guidance & Closing Remarks › 4 Iron Ore Pelletising Plant – 1.200 – 5.000 Tn/H - Oman
Slide 5: Solutions for a sustainable world – Visibility
H1 2026 Results 02 | Solutions for a sustainable world – Visibility Business visibility 1, €billion Backlog, €m Exclusivity Agreements, €m ~5x ~7x 4% 6% 6.9 +40% 96% 94% 5.0 1.3 5.6 H1 2026 H1 2026 FY 2025 H1 2026 x Handling Energy Transition Handling Energy Transition & Mining & Digitalisation & Mi
Slide 6: 728 MW open cycle – Projects
H1 2026 Results 02 | Solutions for a sustainable world - Projects TSK selected as strategic partner for Fermi’s 728 MW Open Cycle in SERVICES CONTRACT SIGNED Amarillo, Texas, US Project Matador · Amarillo, Texas, US - one of the world’s largest advanced private power and AI campus sites KEY PROJECT
Slide 7: 800 MW CCGT – Projects
H1 2026 Results 02 | Solutions for a sustainable world – Projects TSK selected for a 800 MW CCGT in Tel Aviv area, Israel PROJECT IN EXECUTION 800 MW CCGT Tel Aviv area, Israel with H-class GE Vernova main equipment KEY PROJECT POINTS 800 MW CCGT 01 Turnkey contract signed for the CCGT under executi
Slide 8: 540 MW CCGT – Projects
H1 2026 Results 02 | Solutions for a sustainable world – Projects TSK selected for a 540 MW CCGT based on H-Class GE Vernova technology EXCLUSIVITY AGREEMENT in US 540 MW CCGT in US with GE Vernova main equipment KEY PROJECT POINTS 540 MW CCGT 01 In exclusivity since 2023 with GE machinery already o
Slide 9: 7,000 t/h handling – Projects
H1 2026 Results 02 | Solutions for a sustainable world – Projects Salt Conveying System in Middle East CONTRACT NEGOTIATION Salt Conveying system in Middle East capable of handling up to 7,000 Tones per hour of salt KEY PROJECT POINTS 7,000 t/h handling 01 FEED phase completed after work since 2023.
Slide 10: 100 MW data center – Projects
H1 2026 Results 02 | Solutions for a sustainable world – Projects 100 MW AI-ready data centre campus (TIER IV) EXCLUSIVITY AGREEMENT 100MW AI Ready- To-Build datacenter campus in LATAM with 15- year secured clean energy at the lowest cost globally. Iguazú, Paraguay KEY PROJECT POINTS 100 MW data cen
Slide 11: Solutions for a sustainable world – Projects
H1 2026 Results 02 | Solutions for a sustainable world – Projects TSK selected for a green ammonia campus in Spain and a e-methanol & SAF EXCLUSIVITY AGREEMENT project in Saudi Arabia Up to 300tn/hour green ammonia and 300.000 tn/year campus in Andalucia, Spain, and Jazan, Saudi Arabia KEY PROJECT P
Slide 12: Solutions for a sustainable world – Strategy
H1 2026 Results 02 | Solutions for a sustainable world - Strategy Shifting from broad, scattered international exposure to a more strategic expansion in a targeted selection of geographies where the Group already has a long -standing track record in Europe, America, and Middle East Capitalize on dee
Slide 13: Index
Sugar Refinery Yanbu – Saudi Arabia H1 2026 Results INDEX 01 H1 Highlights › 02 Solutions for a sustainable world › 03 New life as listed company › 04 Main KPIs & Financial Results › 05 Guidance & Closing Remarks › 13
Slide 14: New life as listed company
H1 2026 Results 03 | New life as listed company Use of Proceeds in IPO: Reinforce Equity to deliver sustained profitable growth Shareholder base Post IPO €172.5m €382 million* SHAREHOLDER STRUCTURE IPO Proceeds Equity post-IPO 35% Equity/Total Sabino García 60.31% Assets Javier García 3.72% Equity P
Slide 15: New life as listed company
H1 2026 Results 03 | New life as listed company IPO already proving to be successful. Key milestones already Key highlights accomplished post IPO: accomplished post IPO on our Use of Proceeds: a. Syndicated Guarantee Issuance Agreements pre-IPO: I. €520 million committed facility: will be extended P
Slide 16: Index
Syncronous condenser – Grid stability - UK H1 2026 Results INDEX 01 H1 Highlights › 02 Solutions for a sustainable world › 03 New life as listed company › 04 Main KPIs & Financial Results › 05 Guidance & Closing Remarks › 16
Slide 17: Main Financial Figures – P&L 1H 2026 (1/2)
H1 2026 Results 04 | Main Financial Figures – P&L 1H 2026 (1/2) SALES +4% YoY CONTRIBUTION PROFIT +43% YoY EBITDA +54% YoY 14.6% CP margin 9.3% EBITDA margin €481m €70.1m €44.5m Increase in activity after IPO expected from 2H 2026 onwards ET&D increase (12,5% vs 9.7%) 9.3% EBITDA Margin – Fully alig
Slide 18: Main Financial Figures – P&L 1H 2026 (2/2)
H1 2026 Results 04 | Main Financial Figures – P&L 1H 2026 (2/2) Strong EBITDA conversion into net profit EBITDA €44.5m – 9.3% EBITDA MARGIN H1 2025 €28.9m | 6.3% EBITDA Margin 13,8 20 EBIT 5,9 €38.6m – 8% EBIT MARGIN 87% conversion EBITDA on EBIT FINANCIAL INCOME 44,5 44,8 38,6 €20.0m driven by the
Slide 19: Main Financial Figures – LTM Net Cash
H1 2026 Results 04 | Main Financial Figures – LTM Net Cash BALANCE SHEET TRANSFORMATION 1,0x €94m Net Cash / €149m Net Cash short term +€382m cash improvement in 12 months (2,9x) STRONG OPERATING CASH 85 94 CONVERSION Net Cash Operating Cash Investment IPO Net Panama Net Cash €56m of June receivable
Slide 20: Main Financial Figures – Balance Sheet
H1 2026 Results 04 | Main Financial Figures – Balance Sheet Working Capital €20m negative CWC as of 30.06.2026, reflecting a 191 NEGATIVE COMMERCIAL WORKING CAPITAL (“CWC”). self-funded operating cycle, requiring no financing or cash injections from the Group. WORKING CAPITAL €191 million positive W
Slide 21: Index
CCGT 125 MW 1x1 GE GT 6F – Dominican Republic H1 2026 Results INDEX 01 H1 Highlights › 02 Solutions for a sustainable world › 03 New life as listed company › 04 Main KPIs & Financial Results › 05 Guidance & Closing Remarks › 21
Slide 22: Guidance & Closing Remarks
H1 2026 Results 05 | Guidance & Closing Remarks Mid-Term Targets in IPO H126 Revenue High-single-digit to mid-teens Ongoing Contribution Profit 14,6% ✓ Margin Range from the L2Y average to slightly above FY25 levels EBITDA Margin 9.3% ✓ Net Financial Debt1 to Not to exceed 0.5x Net Cash ✓ EBITDA ✓ C
Slide 23: Guidance & Closing Remarks
H1 2026 Results 05 | Guidance & Closing Remarks TSK represents a unique investment opportunity, positioned for a qualitative leap forward TSK operates in end markets entering a new structural growth paradigm, driven by energy transition, electrification, decarbonization, infrastructure resilience an
Slide 24: Legal disclaimer
H1 2026 Results Legal disclaimer Legal Disclaimer The information contained in this presentation has been prepared by TSK Electrónica y Electricidad, S.A. (the “Company” and together with its subsidiaries, the “Group”) for the sole purpose expressed herein and neither this presentation, the related
Slide 25: Thank You
H1 2026 Results Thank You 25
TSK Electrónica y Electricidad — H1 2026 Earnings Presentation on 6ix