Slide 1: Q1 2026 Trading Update
Q1 2026 Trading Update 5 MAY 2026
Slide 2: Q1 2026 Highlights
Q1 2026 Highlights Strong performance underpinned by operating excellence Energy Distribution Renewable Electricity Production Growing volume Photosol secured and margins portfolio +32% vs Mar-25 in all geographies No material impact of 2026 Guidance Middle-East conflict reaffirmed Q1 2026 Trading U
Slide 3: Strong volume and margin growth illustrating seamless execution
Strong volume and margin growth illustrating seamless execution RETAIL & MARKETING SUPPORT & SERVICES Unit Volume (in '000 m3) Gross margin (in €m) margin Q1 Q1 Q1 2026 vs Q1 Q1 Q1 2026 vs Q1 2026 vs (in '000 m3) 2026 2025(1) Q1 2025 2026 2025(2) Q1 2025 Q1 2025 -7% yoy sales to third parties conseq
Slide 4: 2026 Guidance reaffirmed
2026 Guidance reaffirmed Renewed confidence in Group’s ability to generate strong cash flow through the cycle 2026 OUTLOOK GUIDANCE ● Caribbean ▪ Continued recovery of Haiti operations, as per the second half of 2025 ● EBITDA €740-790m ▪ Growth driven by Jamaica, Guyana and Barbados – Product mix le
Slide 5: Appendix
Appendix
Slide 6: Photosol portfolio as of March 2026
Photosol portfolio as of March 2026 Project pipeline 5.4 GW -5% vs Mar-24 3,8 3,4 3,2 2,9 2,5 2,5 2,5 2,5 1,8 Secured porfolio 1.5 GW +32% vs Mar-24 633 666 535 598 513 337 267 239 268 In operation Under construction Ready-to-Build Advanced development Development Early stage Mar-25 Dec-25 Mar-26 Le
Slide 7: Rubis footprint
Rubis footprint Addressing fit-for-purpose demand with tailored energy solutions AFRICA CARIBBEAN EUROPE Developing market Fragmented market Mature market - Electrification 14 Fuel = 94% of 7 21 Fuel = 63% of 633 MWp countries volume distributed countries countries volume distributed in operation To
Slide 8: Financial calendar – roadshows & conferences
Financial calendar – roadshows & conferences • Roadshows post Q1 2026 trading update ▪ Milan: 06 | 05 | 26 (CM-CIC) ▪ Madrid: 20 | 05 | 26 • Conferences ▪ Geneva : CM-CIC Conference – 19 | 05 | 26 ▪ Nice: Bernstein Nice Conference – 21 | 05 | 26 Q1 2026 Trading Update 8
Slide 9: Next events
Next events Shareholders’ Meeting: 10 | 06 | 2026 Q2 & H1 2026 Trading update: 08 | 09 | 2026 Q3 & 9M Trading update: 03 | 11 | 2026 Photos credits: @G illes Dacquin / @ Rubis photo library DISCLAIMER This presentation does not constitute or form part of any offer or solicitation to purchase or to s