Lemon Sistemi S.p.a. · MIL:LS
Lemon Sistemi — Investor Presentation (May 2026)
27 slides from Lemon Sistemi's investor presentation, May 25, 2026
Slide 1: Investor Presentation May 2026
INVESTOR PRESENTATION May, 2026 Sciacca (AG) - 312 kWp SunPower photovoltaic system
Slide 2: Key Management
KEY MANAGEMENT Maria Laura Spagnolo Danilo Palazzolo Enrico Rizzo Chairman of BoD and co-CEO CFO co-CEO 2
Slide 3: Overview
OVERVIEW TAILOR-MADE RENEWABLE PLANT POSITIONING IN A STRATEGIC MARKET Design, supply and installation of photovoltaic, thermo- High potential market with many operators and high growth hydraulic and storage systems, as well as the design of possibilities solutions for energy efficiency, targeting B
Slide 4: Business Areas
BUSINESS AREAS 2. 3. DEVELOPMENT OF BESS 4. ENERGY EFFICIENCY PHOTOVOLTAIC AND 1. PHOTOVOLTAIC PHOTOVOLTAIC PARKS ▪ Design and construction of the ▪ BESS projects for self- ▪ Core business; plant with the aim of selling it; consumption and arbitrage for ▪ Design of energy efficiency ▪ Fully integrat
Slide 5: 2025: Updates & Financials
2025: UPDATES & FINANCIALS Cinisi (PA) – 616 kWp SunPower 5 photovoltaic system
Slide 6: FY 2025 Highlights
FY 2025 HIGHLIGHTS 2025 closed with a significant improvement in profitability and operating performance, driven by the progressive advancement of photovoltaic projects and a broad cost-efficiency programme. Value of Production increased by 2.7% to €9.3 million, EBITDA returned positive at €0.8 mill
Slide 7: 2025 Updates
2025 UPDATES 28 FEB., Signed a contract with the company Alfa Graniti S.r.l. for the realization of a 2025 photovoltaic system worth € 1 million. Signed a preliminary purchase agreement with Alfa Graniti S.r.l. to build a fixed 27 JUN., ground-mounted photovoltaic plant for the production of electri
Slide 8: FY 2025 Financial Highlights
FY 2025 FINANCIAL HIGHLIGHTS VALUE OF EBITDA EBITDA PRODUCTION MARGIN € 9.3 M € 0.8 M 11% € 9.1 M in FY 2024 € -0.018 M in FY -0.4% in FY 2024 2024 NET RESULTS NET EQUITY NET DEBT € 2,000 € 7.3 M € 5.4 M € -1.2 M in FY 2024 € 7.2 M in FY 2024 € 4.3 M in FY 2024 8
Slide 9: Value of Production
VALUE OF PRODUCTION VALUE OF PRODUCTION EVOLUTION (€/M) VoP BREAKDOWN 16.0 24% 32% 11.9 9.1 9.3 2% FY 2024 FY 2025 6% 1% 64% 68% 3% 1H 2023 1H 2024 FY 2022 FY 2023 FY 2024 FY 2025 Photovoltaic Photovoltaic Parks Energy efficiency Other ▪ The largest item was Photovoltaic, the Group's core business;
Slide 10: EBITDA
EBITDA EBITDA (€/M) ▪ Ebitda returns to positive territory due to the combined result of revenue growth and, above all, a significant drive to 4.0 improve cost efficiency. ▪ Personnel costs shows a slight increase and reflects the 2.8 strengthening of the organisational structure and the recruitment
Slide 11: Net Financial Debt
NET FINANCIAL DEBT • The Net Financial Debt was affected as follows: – The receivable from GSE for unpaid energy revenues amounts to approximately €1.36M due to Consolidated data in €/000 GSE’s delay; Net Financial Position 31/12/2025 30/06/2025 – The €0.8M payment from Alfa Graniti for progress on
Slide 12: 2026: Updates & Pipeline
2026: UPDATES & PIPELINE Cinisi (PA) – 616 kWp SunPower 12 photovoltaic system
Slide 13: 2026 Updates
2026 UPDATES Signed a contract with Alfa Graniti S.r.l. for the construction of two photovoltaic plants with a total value of approximately € 1.5 million. The 9 APR. contract covers the design and construction of two photovoltaic systems, one on land owned by Alfa Graniti S.r.l. in Comiso (RG) and o
Slide 14: Pipeline
PIPELINE The pipeline* consists of 10 Photovoltaic Parks, at different stages of development, divided as follows: ▪ 6 Photovoltaic Parks (19.37 MW): ready-to-build status; ▪ 2 Photovoltaic Park (6.64 MW): should be classified as ‘ready to build’ by 31 December 2026; ▪ 1 Photovoltaic Parks (3.03 MW):
Slide 15: Outlook
OUTLOOK ▪ New non-repayable grants under the CER PNRR call for proposals ▪ New MIMIT* call window ▪ New Basilicata call window (pending opening) ▪ Upselling to REN 2025 customers ▪ Expansion of sales channels ▪ Participation in private tenders ▪ Photovoltaic Parks Line: negotiations continue with le
Slide 16: Strategy
STRATEGY Cinisi (PA) – 616 kWp SunPower 16 photovoltaic system
Slide 17: Future Strategy
FUTURE STRATEGY COMMERCIAL DEVELOPMENT OF DEVELOPMENT INCREASE IN THE DEVELOPMENT PHOTOVOLTAIC PARKS OF STORAGE AVERAGE SIZE OF PLAN PLANTS (BESS) PV SYSTEMS (1MWp - 10MWp) 17
Slide 18: Commercial Development Plan
COMMERCIAL DEVELOPMENT PLAN ▪ The objective of the group is to implement a penetration strategy throughout the Italian territory, through agreements with Gas and Light Agencies throughout the national country. OBJECTIVES Penetration of the Italian market Increased visibility and brand awareness Scal
Slide 19: Development of Photovoltaic Parks
DEVELOPMENT OF PHOTOVOLTAIC PARKS ▪ Direct development of Photovoltaic Parks with the aim of selling the system after construction, acquiring multi-year management and maintenance contracts with a minimum period of no less than 25 years. OBJECTIVES Generation of stable cash flows over time: ▪ One-of
Slide 20: Development of BESS
DEVELOPMENT OF BESS ▪ The strategy involves participation in commissioned projects relating to large storage plants with leading operators in the sector as well as BESS solutions dedicated to self-consumption and energy arbitrage applications. OBJECTIVES Have design contracts lasting 12/24 months wi
Slide 21: Increase in the Average Size of PV Systems (1MWp - 10MWp)
INCREASE IN THE AVERAGE SIZE OF PV SYSTEMS (1MWp - 10MWp) ▪ A further objective of the group is to increase the incidence of revenues linked to larger photovoltaic system projects: in particular, the group intends to continue to increase the incidence of revenues linked to the design, supply and ins
Slide 22: Investment Highlights
INVESTMENT HIGHLIGHTS SHORT TIME TO MARKET TAILOR-MADE RENEWABLE PLANT (3KWP-10MW) INTEGRATED SERVICE MANAGEMENT EXPERTISE MARKET GROWTH AND REFERENCE LEGISLATION PARTNERSHIPS WITH MAJOR MARKET NAMES 22
Slide 23: Appendix
23 APPENDIX Cinisi (PA) – 616 kWp SunPower photovoltaic system
Slide 24: History & Track Record
HISTOR & TRACK RECORD HISTORY Inauguration of the new corporate headquarters in Balestrate. For the first time, all corporate functions have been brought together under one roof Engineers Maria Laura Spagnolo and In December listed on Euronext with the aim of improving efficiency, Vincenzo Palazzolo
Slide 25: ESG
ESG ENVIRONMENTAL SOCIAL GOVERNANCE ▪ The installation of a photovoltaic ▪ The number of female figures ▪ Composition of the Board of system is foreseen within the present in the company is 18, Directors: 5 directors of which 2 renovation project of the future with important roles are independent he
Slide 26: Main Suppliers & Customers
MAIN SUPPLIERS & CUSTOMERS SUPPLIERS CUSTOMERS ▪ Commercial collaborations with the main suppliers on ▪ Lemon Sistemi proposes its design and technology offerings the national market; to both the residential and commercial markets. ▪ Premier Partner of Sunpower, a company universally ▪ Over the year
Slide 27: Lemon Sistemi contacts
Lemon Sistemi lemonsistemi.it investor.relations@lemosistemi.it CDR Communication Marika Martinciglio marika.martinciglio@cdr-communication.it Marta Alocci marta.alocci@cdr-communication.it