Ellomay Capital Ltd · AMEX:ELLO
Ellomay Capital — Investor Presentation (June 2026)
38 slides from Ellomay Capital's investor presentation, Jun 30, 2026
Slide 1: Form 6-K Report of Foreign Private Issuer
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2026 Commission File Number: 001-35284 Ellomay Capital Ltd. (Translation of registrant’s
Slide 2: Explanatory Note
Explanatory Note On June 30, 2026, Ellomay Capital Ltd. published an investors presentation (the “Presentation”). The Presentation is attached hereto as Exhibit 99.1. Exhibit Index This Report on Form 6-K of Ellomay Capital Ltd. includes the following document, which is attached hereto and incorpora
Slide 3: Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Ellomay Capital Ltd. By: /s/ Ran Fridrich Ran Fridrich Chief Executive Officer and Director Dated: June
Slide 4: Investor Presentation
ELLOMAY CAPITAL LIMITED Investor Presentation June 2026 1
Slide 5: Legal Disclaimer
Legal Disclaimer General - The information contained in this presentation is subject to, and must be read in conjunction with, all other publicly available information, including our Annual Report on Form 20-F for the year ended December 31, 2025, and other filings that we make from time to time wit
Slide 6: Key Developments in the First Half of 2026
Key Developments in the First Half of 2026 Creating Sources for Growth Acceleration Sale of Dorad Holdings Italy | FER X tender award Storage (BESS) Project Progress NIS 742.5M 100MW 1.2GWh 1,872MWh Total consideration 2 projects BESS projects under Manara pumped storage development Work resumed at
Slide 7: Operating Footprint
Operating Footprint 4 Technologies 5 Geographies 442 Connected MW o Solar o Italy o 336MW1 – Spain | Solar o BESS (Battery Storage) o Spain o 38MW2 – Italy | Solar o Biogas o Netherlands o 19MW – Netherlands | Biogas o Pumped Storage o Israel o 49MW – U.S. | Solar o U.S. 1. The company’s share in th
Slide 8: Sale of Dorad Holdings
Sale of Dorad Holdings Sale of the 16.9% stake in Dorad at an implied valuation of NIS 4.4 billion Value of Dorad Holdings Net cash proceeds* Pre-tax capital gain 742.5 560 332 NIS million NIS million NIS million Strategic Benefits Stronger Balance Sheet & Liquidity Focus on Core Business Proven Val
Slide 9: Use of Proceeds from the Dorad Sale
Use of Proceeds from the Dorad Sale The proceeds are expected to strengthen the balance sheet and support the acceleration of the company’s growth drivers 170 30% 40% NIS million Financial Flexibility For Growth Early repayment of & Capital Structure Investments Series E Debentures Strengthening Bal
Slide 10: Growth Drivers in Energy Storage
Growth Drivers in Energy Storage Stand-Alone Storage Projects Integration Reducing exposure to power Creating stable, long-term cash price volatility and increasing flow through agreements with revenues, while enabling the leading offtakers in the market company to enter into Hybrid PPAs at signific
Slide 11: Projects Grid Connection Forecast
Projects Grid Connection Forecast Connected Projects Forecast Existing Projects Pipeline Storage MWh Existing 88 Italy 600 Spain 1,040 Israel 150 3,750MWh* MWP Existing 643 1,878 1,878 Italy 262 USA 98 Israel 52 MWP 1,055 Existing 615 USA 28 MWP Existing 441 643 1,872 1,383MW Italy 160 USA 14 478 De
Slide 12: Company-Level Forecasts (Consolidated)
Company-Level Forecasts (Consolidated) | € millions Significant value creation in 2026 following the Dorad sale Revenues** EBITDA * 155*** 122*** 106 86 67 46 49 35 2025 2026E 2027E 2028E 2025 2026E 2027E 2028E * Loss for the year ended December 31, 2025 was approximately € 6 million. ** Revenues in
Slide 13: Project-Level Forecasts
Project-Level Forecasts | € millions Significant growth as the project pipeline matures Revenues* EBITDA 106 82 74 61 53 46 36 27 2025 2026E 2027E 2028E 2025 2026E 2027E 2028E * Revenues include income due to the sale of tax credits (ITC) in the USA. The projections do not include projects under dev
Slide 14: The Company's Operations in Spain
The Company’s Operations in Spain Solar and Energy Storage Projects – Talasol and Additional Projects 11
Slide 15: Grid-Connected Solar Projects
Grid-Connected Solar Projects Spain | Italy | Netherlands | U.S.A | Israel Talasol Ellomay Solar 12
Slide 16: Project Details | Financial Data (Spain)
Project Details | Financial Data | € millions Spain | Italy | Netherlands | U.S.A | Israel Advancing project portfolio improvement through BESS (battery storage) integration 336 MWp € 25.9M € 18.1M € 9.6M Installed capacity Exp. Revenues Exp. EBITDA Exp. FFO Total Debt Project COD Exp. Exp. Exp. Tot
Slide 17: The Company's Operations in Italy
The Company’s Operations in Italy Solar and Energy Storage Projects 14
Slide 18: Operating and Under Construction & Development Projects
Operating and Under Construction & Spain | Italy | Netherlands | U.S.A | Israel Development Projects Geographic breakdown 38MW 160MW 227MW Operating Projects Advanced Pre-construction construction; projects, including expected grid 100 MW awarded 164 MWp connection in 2026 under Italy’s FER X 130 MW
Slide 19: Project Details | Financial Data (Italy)
Project Details | Financial Data | € millions Spain | Italy | Netherlands | U.S.A | Israel 460MWp € 55.9 M €45 M € 25.8 M Portfolio capacity Exp. Revenues Exp. EBITDA Exp. FFO Exp. Exp. Exp. Total Total Total Debt Balance Specific Yield Production Project Type MWp MWh Project Status COD Date Holding
Slide 20: Netherlands Biogas Operations
Netherlands Biogas Operations (Goor, Eindhoven, Gelderland) 17
Slide 21: Impact of New Regulation on Biogas Operations
Impact of New Regulation on Biogas Operations Spain | Italy | Netherlands | U.S.A | Israel New Green Gas Blending Increase Expected Price Regulation Obligation in Demand Increase The Dutch government Power producers will The company is expected to The strong demand is announced new regulation be req
Slide 22: Biogas Operations | Project Details and Forecast
Biogas Operations | Project Details and Forecast Spain | Italy | Netherlands | U.S.A | Israel Financial Forecasts Maximizing Production Output Asset Optimization € 20M Increasing the production license Diversifying revenue sources and 16m Nm3 to 24m Nm3 Revenues reducing costs from through the insta
Slide 23: Project Details | Financial Data (Biogas)
Project Details | Financial Data | € millions Spain | Italy | Netherlands | U.S.A | Israel 19 MW € 19.6M € 4.9M € 4.4M Biomethane capacity Exp. Revenues Exp. EBITDA Exp. FFO Debt Total Biomethane Project Exp. Exp. Exp. Total Equity to Balance Specific Yield Project Type MW MWh Senior LT capacity Hol
Slide 24: The Company's Operations in the U.S.A
The Company’s Operations in the U.S.A Solar Projects – Texas, U.S.A 21
Slide 25: Texas Solar Operations
Texas Solar Operations Spain | Italy | Netherlands | U.S.A | Israel Under the Distributed Generation Regulation Approx. € 15M Expected Revenues Approx. € 12M Expected EBITDA Approx. € 8.5M Expected FFO EBITDA and FFO are non-IFRS measures. The Company is unable to provide a reconciliation between th
Slide 26: Project Details | Financial Data (U.S.)
Project Details | Financial Data | € millions Spain | Italy | Netherlands | U.S.A | Israel 91MWp € 14.6 M € 12.2 M € 8.5 M Portfolio capacity Exp. Revenues Exp. EBITDA Exp. FFO Total Senior Project COD Exp. Exp. Exp. Total Debt Balance Specific Yield Production Project Type MWp MWh Total Capex LT Ho
Slide 27: The Company's Operations in Israel
The Company’s Operations in Israel Pumped Storage Project and Solar Projects 24
Slide 28: The Company's Operations in Israel
The Company’s Operations in Israel Spain | Italy | Netherlands | U.S.A | Israel Manara Pumped Storage Solar Under construction, with capacity of 156MW and 12 hours of continuous Development and construction of solar + operation BESS projects, totaling: 1,872 MWh total storage capacity 52 MW Solar Th
Slide 29: Pumped Storage | Manara Cliff
Pumped Storage | Manara Cliff Spain | Italy | Netherlands | U.S.A | Israel 1,872MWh € 84M Storage capacity Expected annual revenues 156MW € 44M Installed capacity Expected annual EBITDA Location Manara Cliff – Israel Ownership Ellomay (83.34%), Ampa Investments (16.66%) Expected construction complet
Slide 30: Solar Project Development in Israel
Solar Project Development in Israel Spain | Italy | Netherlands | U.S.A | Israel 52MW 150MWh Solar capacity under Storage capacity development under development MWp Storage Tariff License Grid Project name Status capacity capacity MWh per kWh validity connection Komemiyut Solar + Approved Market Mar
Slide 31: Project Details | Financial Data (Manara)
Project Details | Financial Data | € millions Spain | Italy | Netherlands | U.S.A | Israel 1,872MWh € 84.1M € 43.9M € 27.2M Storage Capacity Exp. Revenues Exp. EBITDA Exp. FFO Total COD Exp. Exp. Total Total Debt Balance Specific Yield Production Project Type MWp MWh Project Status Exp. FFO Senior L
Slide 32: Projects under Development
Projects under Development 29
Slide 33: Project Details | Development
Project Details | Development 478MWp 1,878MWh 905GWh Solar capacity Storage capacity Annual production Specific Yield Project Country Type MWp MWh Production (MWh/y) Holding % (kWh/kWp/y) Italy stand-alone BESS Italy BESS - 600 - - 100% BESS - Ellomay Solar Spain BESS - 88 - - 100% BESS - Talasol Sp
Slide 34: Financial Data
ellomay Financial Data
Slide 35: Key Balance Sheet Figures
Key Balance Sheet Figures | € thousands € 885M € 802M € 159M Total assets CAP Equity +44% +47% +27% since 2023 since 2023 since 2023 December 31, 2023 % of total assets December 31, 2024 % of total assets December 31, 2025 % of total assets March 31, 2026 % of total assets Cash, deposits and marketa
Slide 36: Appendix A | Balance Sheet Data for Leverage Ratio Calc.
Appendix A | Balance Sheet Data for Leverage Ratio Calc. € thousands December 31, 2023 December 31, 2024 December 31, 2025 March 31, 2026 Current maturities of bank loans 9,784 21,316 17,235 23,354 Current maturities of other loans 5,000 5,866 3,666 14,939 Current maturities of bonds 35,200 35,706 3
Slide 37: Appendix B | Reconciliation of loss to EBITDA
Appendix B | Reconciliation of loss to EBITDA (in € millions) 2025 Loss for the year ended December 31, 2025 (6) Financing expenses, net 27 Tax Benefit (2) Depreciation and amortization expenses 16 EBITDA 35 34
Slide 38: Thank you
y Thank you elloma i = =>