Erg S.p.a. · MIL:ERG
Erg — Euronext Sustainability Week 2026
31 slides from Erg's conference presentation, Sep 15, 2026
Slide 1: Euronext Sustainability Week 2026
EURONEXT SUSTAINABILITY WEEK 2026 15 September 2026
Slide 2: Disclaimer
DISCLAIMER This document contains certain forward-looking information that is subject to a number of factors that may influence the accuracy of the statements and the projections upon which the statements are based. There can be non assurance that the projections or forecasts will ultimately prove t
Slide 3: Agenda
AGENDA ❑ ERG as a pioneer in the Energy Transition ❑ Strategic Guidelines ❑ ESG Strategy ❑ A best-in-class Governance Model
Slide 4: A long history…
A LONG HISTORY… Wind: new installed capacity in Europe (112MW, of which ERG: a pure renewable 43MW acquired, and 65MW Entry into the solar player after the sale started up). power sector: 30 of the thermoelectric PPAs signed with top photovoltaic plants Solar: entry in business. offtakers in Europe,
Slide 5: Group's structure and corporate governance
GROUP'S STRUCTURE AND CORPORATE GOVERNANCE A new Shareholders' structure(1) ERG’s Governance Model SQ Renewables S.p.A. SHAREHOLDERS’ MEETING San Quirico S.p.A. IFM Investors SQ Renewables S.p.A. Treasury shares 35% 49% 34% Free Float 65% BOARD OF DIRECTORS BOARD OF STATUTORY 63% AUDITORS 51% 3% @ S
Slide 6: Strategic Guidelines
Teleborsa: distribution and commercial use strictly prohibited STRATEGIC GUIDELINES emarket Sie eocoge
Slide 7: ERG as of today: a solid and international platform
ERG AS OF TODAY: A SOLID AND INTERNATIONAL PLATFORM Installed Capacity (GW) 0.3% O&M Wind 17% Operating centres Solar Storage ~4.0 Iowa: U.K.: 224MW Illinois: 412MW (1) 83% 92MW Germany: 352MW(2) 41% 51% 8% 1% 11% 19% 29% Poland: ~1.7 ~2.0 ~0.3 142MW 88% 81% 71% Romania: 70MW European Pipeline (GW)(
Slide 8: Four strategic levers of value creation
FOUR STRATEGIC LEVERS OF VALUE CREATION Core Business Enhancement & Consolidation Business Model Adaptation Performance Excellence Organic Development: Asset Rotation and Route-to-Market: focus on Wind RPW and BESS Geographical Repositioning focus on PPA and CFD • Active and predictive O&M to • WIND
Slide 9: Operational excellence as a key driver for ERG
OPERATIONAL EXCELLENCE AS A KEY DRIVER FOR ERG Increased Tech Availability in our core Countries Digitalization & Internalized O&M to drive operating excellence 2024 96.3% 2025 94.4% 95.7% 1. Technical task force delivering tangible results 94.4% 2. Ageing fleet mitigation proving effective 97.2% 97
Slide 10: A growing project pipeline (mainly repowering and BESS)…
A GROWING PROJECT PIPELINE (MAINLY REPOWERING AND BESS)… ~700MW Ready to participate to ~50% Storage next CFD auctions Solar or PPA with expected Wind COD within 2028 (~€0.7bn of ~50% ~270MW(1) potential CAPEX) ~180 ~4,000 ~ 3,850 FID(2) expected to be made by the Mostly RPW PRJ with end of 2026 ~2,
Slide 11: Relying on a fully secured growth in the short term
RELYING ON A FULLY SECURED GROWTH IN THE SHORT TERM Greci Montaguto (RPW) Brunsbuttel (RPW) Jeggeleben (RPW) Heyen Greci Montaguto (RPW) 10MW to be 24MW to be 6MW 44MW to be COD: 1Q 2027 COD: 1Q 2027 COD: 1Q 2027 COD: 2Q 2027 Producibility: ~2,420 heq Producibility: ~2,040 heq Producibility: ~2,190
Slide 12: Repowering as a strategic pillar in Italy and abroad
REPOWERING AS A STRATEGIC PILLAR IN ITALY AND ABROAD RPW BP 2026-30+ (MW) N. WTG 0.5X Country As-is RPW Delta xP xP = MW RPW / MW As-Is 515 1,040 525 2.01 MW 1.3X ÷ 2.0X IT: 268 MW As-Is (52%) from kW asset 235 390 155 1.67 AVG. PRODUCTION >2X 140 170 30 1.26 200m Total 890 1,600 710 1.80 180m 81m 6
Slide 13: BESS - a new stream of growth to add flexibility
BESS - A NEW STREAM OF GROWTH TO ADD FLEXIBILITY Vicari ✓ Working on building up a solid Pipeline: Capacity: 12.5MW COD: 4Q 2025 • 1.5GW Pipeline of projects under Internal know-how development, mainly in Italy and Spain for remote control and • More than 300MW highly visible in dispatching of BESS
Slide 14: 2026 crucial to define geo-refocus through asset rotation
2026 CRUCIAL TO DEFINE GEO-REFOCUS THROUGH ASSET ROTATION Efforts focused on organic growth through Repowering and BESS STORAGE REPOWERING INTEGRATION ASSET ROTATION & GEO-REFOCUS Repowering to rejuvenate Asset Base BESS to increase Portfolio Flexibility Ongoing Key countries for Repowering Horizont
Slide 15: ERG a reliable partner to capture emerging datacenters demand
ERG A RELIABLE PARTNER TO CAPTURE EMERGING DATACENTERS DEMAND Tech Companies Utilities/Energy Corporates ~2.1TWh/Y ~1.4TWh/Y ~0.3TWh/Y By company ~3.8TWh/Y(1) of PPAs signed → 5 Years 6 → 15 Years 16 → 20 Years By duration during the last 5 years ~0.5TWh/Y ~3.2TWh/Y ~0.1TWh/Y By geography ~1.7TWh/Y
Slide 16: ESG Strategy
ESG STRATEGY Teleborse: distribution and commercial use strictly prohibited emarket Sie eocoge
Slide 17: ESG still embedded in ERG strategy
ESG STILL EMBEDDED IN ERG STRATEGY Net Zero target by 2040: advancing our decarbonization journey and Preserving Natural Capital Circular Economy: reducing waste in W&S Repowering, while actively scouting cutting-edge technologies Sharing Value: building long-term partnerships with Local Communities
Slide 18: ERG strategy in Planet
ERG STRATEGY IN PLANET ‘Net Zero’ Target Towards Zero Waste on our W&S Asset “Modernization” program Carbon Index % [g CO2 e/KWh] (Scope 1+2+3) 2023 2024 2025 2026 2027 2028 2029 2030 Maximize Recyclability on Wind 100% (Δ vs Base year) Repowering 90% (-10%) -72% Ambition: Zero waste to landfill -96
Slide 19: With SDGs at the core
WITH SDGs AT THE CORE Social purpose for Solar HSE objective ERG Academy for Next generation Diversity & Inclusion target on Revamping (Circular Economy of Employees’ well-being target (Educational program involving ESG Plan and certification PV modules) students in RES / Sustainability). program. O
Slide 20: Our path for an inclusive and cultural evolution
OUR PATH FOR AN INCLUSIVE AND CULTURAL EVOLUTION Students involved in educational activities 2021 2022 2023 2024 2025 2030 Refocus on strategic countries 24,855 23,500 >24,000 (~9,000) >24,000 Women in workforce >15,000 23% 30% 31% 31% 31% ≥30% Key Leaders Women (1) 2025 2025 // 2026 2030 Target Act
Slide 21: Engaging our supply chain in our key ESG strategy
ENGAGING OUR SUPPLY CHAIN IN OUR KEY ESG STRATEGY TO STRENGTHEN OUR FULL ALIGNMENT TO EU GREEN TAXONOMY Sustainable Supply Chain Taxonomy Overview 2024 2025 @2030 BP 2026 - 2030 Strategic Suppliers Revenue Opex Capex 61.1% 50% ≥ 75% with SBTi targets(1) 100% aligned Suppliers with 46% 67% >60% Carbo
Slide 22: Strategy for the Natural Capital preservation
STRATEGY FOR THE “NATURAL CAPITAL” PRESERVATION No Net loss on Biodiversity No net deforestation Committment No Go in UNESCO Areas @2030 @2025 Strategy for preserving Natural Capital in all new installations developed internally by ERG: ✓ Biodiversity impact assessment for 100% of projects developed
Slide 23: Sharing value for communities
SHARING VALUE FOR COMMUNITIES COMMITMENT Sharing Value for Local Communities where ERG is operating STRATEGY ESG Plan Target: At least 1% of ERG Tournover shared with Community at the Group Level Guidelines on Local Communities ESG Investment Continuos INSTRUMENTS sharing value Engagement Plan evalu
Slide 24: Social purpose for solar revamping
SOCIAL PURPOSE FOR SOLAR REVAMPING Circular Economy Stakeholder engagement Supporting the energy transition through A multi-stakeholder approach, leveraging on concrete actions of circular economy collaboration with other international partners High Social Impact Support to NGOs and initiatives that
Slide 25: A best-in-class governance model
A BEST-IN-CLASS GOVERNANCE MODEL
Slide 26: ESG governance model
ESG GOVERNANCE MODEL Control, Risk and Sustainability Committee A renewed Control, Risk and Sustainability Committee, appointed by the Board of Directors on 23 April 2024, that is responsible to support the Board in its decisions about: Board of Directors • the approval of the ESG LT strategy and it
Slide 27: Our sustainability policies
OUR SUSTAINABILITY POLICIES In 2025 - Governance System The Group further strengthened its governance system in 2025 by: • preparing the new "Policy for the Adoption and Use of AI-based Tools", which aims to promote ethical, safe and compliant use of these emerging technologies • updating the Sustai
Slide 28: An advanced system of reward policy, succession and career planning
AN ADVANCED SYSTEM OF REWARD POLICY, SUCCESSION AND CAREER PLANNING Job Mobility Rewarding Policy(1): Succession Planning • A remuneration system for CEO to enhance correlation with Acquisition strategy execution and share performance • An enlarged LTI system based on: ➢ Share Price (60%) ➢ ESG (20%
Slide 29: ESG target in MBO/LTI 2026
ESG TARGET IN MBO/LTI 2026 MBO 2026 LTI 2024-2026 Weight Weight Weight Weight Pillars KPis Pillars KPis target KPIs target KPIs Target Net Zero: % Green Energy on Total Circular Wind on Repowering (% or material 20% Planet 20% Planet 20% consumption (Scope 2) recycled) Social Purpose for Solar Revam
Slide 30: Sustainability as a value and a way of making business
SUSTAINABILITY AS A VALUE AND A WAY OF MAKING BUSINESS Negligible A 100 A+ Negligible 100 100 A Risk 89 A- 83 B+ 64 B 54 54 Medium 40 Severe 0 D- Risk 0 0 n.a. D- Moody’s ISS ESG Corporate Morning Star S&P Global Sustainable Fitch CDP AAA 98 100 AAA 100 100 100 100 90 85 72.6 A ERG Rating 50.7 Avera
Slide 31: Inspiring change to power the future
INSPIRING CHANGE TO POWER THE FUTURE