Saudi Energy Co. · TADAWUL:5110
Saudi Energy — Saudi Electricity Company — H1 2025 Earnings Presentation
22 slides from Saudi Energy's earnings presentation, Aug 12, 2025
Slide 1: Saudi Electricity Company H1'2025 Financial Results
Saudi Electricity Company H1’2025 Financial Results 12 August 2025 1 1
Slide 2: Disclaimer
Disclaimer This document has been prepared by Saudi Electricity Company (“SEC”) solely for presentation purposes and the information included therein shall not be construed as legal, tax, investment, financial or other advice, and it has not been independently verified and no representation or warra
Slide 3: Today's Speakers
Today's Speakers Eng. Khalid bin Salem Mr. Abdulaziz Al-Muhaiza Mr. Oqab Al-Nefaie Al-Ghamdi Executive Vice President Executive Director, Control President & CEO (A) & Group CFO & Reporting
Slide 4: H1 2025 Results key highlights
H1 2025 Results key highlights Strong growth in energy demand, supported by higher power production and enhanced Strong Demand generation fleet availability. Operational Enabled network expansion, accelerated renewables integration, scaled energy storage, Excellence and operational excellence. Robus
Slide 5: Delivering on growth, efficiency and performance
Delivering on growth, efficiency and performance OPERATIONAL STRONG DEMAND GROWTH PERFORMANCE EXCELLENCE ⚫ Subscribers' Base ⚫ Generation Availability (Weighted) ⚫ SEC Energy Produced ⚫ Operating Revenue 11.4 Mn, +2% ⇡ 86.1%, +2% ⇡ 106.5 Twh, +2% ⇡ 47.2 billion, +23.5% ⇡ ⚫ Energy Demand ⚫ Grid Integ
Slide 6: Spotlight: Boosting Hajj grid capacity by 75%
Spotlight: Boosting Hajj grid capacity by 75%, achieving zero interruptions, ensuring greater safety and supporting the spiritual journey of millions pilgrims Hajj 1446, Zero interruptions 946 million Invested 30+ projects in Makkah 21 project in Medinah 318 power substations integrated to the Gas-i
Slide 7: Spotlight: Strong upward trajectory in SEC ESG performance
Spotlight: Strong upward trajectory in SEC ESG performance, demonstrated by 2025 S&P ESG score, growing from 50 to 65 points 65 35 50 30% improvement vs 2024 and 86% vs 2023 ESG Score 2025 3 2020 2023 2024 2025 Achieved top ranking1 at local and regional scale – #1 score among KSA listed companies –
Slide 8: Spotlight: 8Gwh BESS Capacity energized
Spotlight: 8Gwh BESS Capacity energized, supporting grid balance and resilience while contributing to higher renewables penetration Jouf 5 4 11 Tabuk 2 Qaisumah Hail Projects Rabigh Riyadh Dawadmi (22) Gwh 50 (2000 MWh for each Project ) Bisha Khamis Najran Jazan 4 5 2 Projects Projects Projects Pla
Slide 9: Spotlight: Powering the Kingdom with renewable energy
Spotlight: Powering the Kingdom with renewable energy Renewable Interconnection Projects Progress (~71 GW) Installed and energized as of June 30th, 2025 Connected (17) ~528.3 C.km 9.2 substations have been of transmission GW lines have been energized added (4-HV + 13-EHV) Interconnected & energized
Slide 10: Continued solid performance aligned with SEC strategic directions
… Continued solid performance is aligned with SEC strategic directions and highlights its pivotal role in KSA energy transition New National Distribution Generation Business Corporate Grid & Retail Development Investing in transmission network to Expand and automate the distribution Capture profitab
Slide 11: Operational & Financial Performance
Operational & Financial Performance The holy site of Mina –1446 Hajj
Slide 12: Continued portfolio growth in alignment with SEC strategic directions
… Continued portfolio growth in alignment with SEC strategic directions, highlighting its pivotal role in KSA energy transition Transmission Distribution Generation & Retail + 420MW Restored capacity + 4,025 C.km Lines added + 21,492 c.km Lines added + 28 New Substations Energized Growth1 3.01GW Qur
Slide 13: New Business Growth: Expanding SEC's Growth Horizons
New Business Growth : Expanding SEC’s Growth Horizons 26% Growth in IoT 870K FTTX households Projects Awarded: MCIT Smart Meters to 2.5Mn installed since inception, of Fiber Expansion Project for 34 which 609K activated at least remote cities once 105% Growth in Strategic projects Managing project p
Slide 14: Continued improvement in service quality and reliability
Continued improvement in service quality and reliability Security of Supply & Reliability Customer Experience & Operational Excellence Generation Availability (%) - weighted Leading Customer Experience Y-o-Y Y-o-Y 85.8 +0.6pp + 2.8pp 85.5 86.1 83 3.0 3.0 H1-24 H1-25 H1-24 H1-25 Availability (weighte
Slide 15: Strong financial performance
Strong financial performance Reflecting accelerated growth in energy demand and growing RAB, partially offset by higher O&M, finance costs, provisions, and lower other income. REVENUE GROSS PROFIT OPERATING PROFIT 27.72 47.22 7.35 10.22 6.76 9.11 billion billion billion billion billion billion +23.9
Slide 16: Commentary
Revenue performance million Strong growth in consumption volumes (Twh) +23.5% H1 2025 160.5 +10% 5,919 47,222 H1 2024 146 2,937 21 81 26 38,238 YoY change in volume and value by segment 10.0% Total Electricity sales 10.0% 9.0% Residential 9.0% 12.0% Commercial 10.0% 16.0% Industrial 11.0% Government
Slide 17: Strategic investments drive strong T&D RAB growth
Strategic investments drive strong T&D RAB growth, ensuring secure and reliable energy for the future billion +11.2% +10.5% +4.5% 24 238 22 231 214 9 209 200 *2022 Net add 2023 Net add 2024 H1 2024 Net add H1 2025** 17 *Estimated and adjusted to exclude generation asset, which is compensated as per
Slide 18: Investing for the future: CapEx deep-dive
Investing for the future: CapEx deep-dive billion +51.8% +43.5% +89.6% 27.4 41.6 59.7 25.0 47.4 60.0 8.0 50.0 4.0 3.6 40.0 1.6 30.0 29.2 19.1 2.8 7.6 28.3 20.0 12.8 10.0 11.3 15.7 20.0 17.8 8.7 2.6 1.0 2.5 0.8 3.8 0.0 2022 2023 2024 H1 2024 H1 2025* General Projects Distribution Transmission Generat
Slide 19: Financing Activities highlights
Diversified funding pool with long-dated maturities 166.606 billion / USD 44.4 billion1 67% of debt outstanding ~10% of total debt have maturity stretching outstanding is Green past 2027 labelled 30.6% 43.8 28.5% 40.1 31.0 28.1 19.4% 18.8 9.4% 5.9% 6.2% 4.8 0-1 year 1-2 years 2-3 years 3-4 years 4-5
Slide 20: Strengthening SEC's asset base enabled by a sustainable capital structure
Strengthening SEC’s asset base enabled by a sustainable capital structure billion +10% +10% Capital Structure (H1 2024) SAR billion % 601.6 601.6 1.9 547.1 547.1 1.6 16.6 Equity 86.4 20% 15.7 260.0 251.4 173.6 40% 537.0 SHI 500.3 117.9 115.6 44.7 35.8 47.3 35.2 Debt 179.0 41% 3.9 5.2 131.7 109.1 25.
Slide 21: Closing remarks
Closing remarks 02 04 Maintaining a diversified funding 06 Well positioned to pool with long-dated capture future maturities, Continued strategic Accelerating Continued Strong financial growth to enable Robust financial investment further growth while efficiency boost position and credit strengtheni
Slide 22: Thank you
Thank you Investor Relations Contact IR@se.com.sa www.se.com.sa SEC IR App QR Code 22
Saudi Electricity Company — H1 2025 Earnings Presentation on 6ix