Iren S.p.a. · MIL:IRE
Iren — Investor Presentation (September 2026)
64 slides from Iren's investor presentation, September 2026
Slide 1: Building Strength in a Dynamic Landscape
BUILDING STRENGTH IN A DYNAMIC LANDSCAPE INVESTOR PRESENTATION September 2026
Slide 2: Business Plan Highlights
Business Plan Highlights ECONIMIC AND FINANCIALS INDUSTRIALS • 6.4b€ of selected technical capex to drive the • Excellence in network services reaching 4.4b€ of transformation in focused multiutility RAB (+42%) supported by 2.6B€ of investments • Solid growth at all levels: EBITDA +4% and • Leader i
Slide 3: Results' Highlights: Solid Track Record of Growth
Results’ Highlights: Solid Track Record of Growth H1 2026 RESULTS FY 2025 RESULTS • H1’26 EBITDA supported by organic growth and • EBITDA at 1.353M€ (+6%) sustained by Egea efficiencies, setting the stage for H2 ’26 growth consolidation (+60M€), organic growth (+22M€) and synergies (+20M€). Net prof
Slide 4: Iren at a Glance
Iren at a Glance National player with 4.5 M National player in 20% 1° inhabitants served in the electricity 39% waste collection generation with a National player in District capacity of 3.4 GW EBITDA FY 2025 2° Heating volumes with 115 Mcm of which 0.86 GW and 1,288 km of grids renewables 21% 1.35
Slide 5: Strategy
STRATEGY H1 26 RESULTS INVESTOR PRESENTATION FY 25 RESULTS ANNEXES BP ANNEXES RESULTS
Slide 6: Consistency and vision: confirmation of the strategic pillars
Consistency and vision: confirmation of the strategic pillars GREEN TRANSITION VALUE CREATION FOR LOCAL COMMUNITIES SERVICE QUALITY AND TERRITORIES ▪ Managing business operations in ▪ Commitment to meeting the ▪ Strengthening infrastructure harmony with the environment infrastructural and facility n
Slide 7: Selectivity in investments to drive transformation
Selectivity in investments to drive transformation Selective asset allocation aimed at recovery and maximization of profitability through a careful focus on strategic priorities, seizing all opportunities offered by our territories 7% 6.9 6.4 9% 40% 0.5 NETWORKS NEW BP WASTE 25% 6.4B€ ENERGY 2025-20
Slide 8: Ambitious goals, built on our strengths
Ambitious goals, built on our strenghts EXCELLENCE IN NETWORK SERVICES Among the leading national ENERGY players in integrated water NETWORKS services and electricity AMONG THE LEADING PLAYERS distribution IN DISTRICT HEATING IN ITALY Extension of the district heating network to fully utilize plants
Slide 9: Adaptability and Vision: Iren's Positioning in the New Scenario
Adaptability and Vision: Iren's Positioning in the New Scenario MACRO TREND TAILWIND/HEADWIND IREN ACTIONS Preservation of water ▪ High demand for infrastructure investments ▪ Investments in the water service to increase resources resource availability NETWORK ▪ Stable regulatory framework supportin
Slide 10: 6.4B€ technical CAPEX to support the development of regulated businesses
6.4B€ technical CAPEX to support the development of regulated businesses CUMULATED CAPEX 6.4 B€ 10% ▪ Balanced distribution of 36% 22% investments over the period ▪ Low execution risk 6.4B€ 78% 31% 6.4B€ ~60% ▪ ▪ High predictability of results High investments in sustainable projects/activities 23%
Slide 11: Looking ahead to 2040: building tomorrow's transition today
Looking ahead to 2040: building tomorrow’s transition today THE GREEN TRANSITION IN EUROPE IS IREN HAS CONFIRMED ITS: AND DEFINED THE FOLLOWING: CURRENTLY FACING A PERIOD OF UNCERTAINTY DUE TO: 5 FOCUS AREAS MEDIUM- AND LONG-TERM ▪ Political and economic scenario SUSTAINABILITY TARGETS ▪ Financial u
Slide 12: Sustainability: an ambitious long-term vision
Sustainability: an ambitious long-term vision Water resources 28% 33% ~70% SUSTAINABLE INVESTMENTS FOR THE Circular economy Decarbonization 4.3B€ EUROPEAN TAXONOMY Sustainable Resilient cities Capex* 26% 13% * Eligible for the European Taxonomy Water losses Material recovery Carbon intensity Distric
Slide 13: Clear vision, towards concrete results
Clear vision, towards concrete results ~1,600 Confirmation of 1,530 the commitment 1,274 to achieve EBITDA: efficiencies and Cagr 4% synergies 2024 2028 2030 Group net profit growth 360 ~400 GROUP 268 supported by EBITDA NET PROFIT: increase, improvement in depreciation and Cagr 7% 6.4 B€ amortizati
Slide 14: Solid growth net profit +7% yoy
Solid growth net profit +7%yoy EBITDA GROUP NET PROFIT GROWTH DRIVERS BY 2030 4% 7% +270M€ Organic growth CAGR M€ CAGR M€ 4% 7% +120M€ Efficiencies & synergies CAGR CAGR ~1.600 ~400 1.480 1.530 360 +60M€ Inorganic growth 330 1.274 268 Normalization of power & -45M€ gas Margins -40M€ Energy scenario
Slide 15: Financial soundness supporting strategic options
Financial soundness supporting strategic options 3.5x Financial leverage BBB Stable FINANCIAL 3.2x 3.1x 3.0x LEVERAGE BBB Stable 2024 2028 2030 NET DEBT SOURCES AND USES 2025-2030 7,7 7,7 B€ 0.5 4.9 Incremental 4.1 1.3 0.1 debt 0,8 Dividends 5.9 1,3 (0.5) (6.5) Operating Net organic cash flow 6,4 5,
Slide 16: Low exposure to interest rate risk, high financial reliability
Low exposure to interest rate risk, high financial reliability AVERAGE COST OF DEBT MATURITIES* ≤ 2.9% 5 M€ 820 ≤ 2.5% Average duration 2.17% years FY2024 593 546 558 94% Fixed rate debt FY2024 80 2024 2025-2026 2027-2030 2026 2027 2028 2029 2030 *Including the repayment of a project financing; excl
Slide 17: Dividend policy: long term visibility
Dividend policy: long term visibility DIVIDEND POLICY maximum between: ▪ 60%PAY-OUT of ordinary Group’s net income 8% CAGR 6% CAGR ▪ 8% DPS growth YoY until 2027 and 6% DPS growth YoY until 2030 19,20 18,10 17,10 Dividend per share, 16,16 c€ 14,97 13,86 12,83 2024 2025 2026 2027 2028 2029 2030 INVES
Slide 18: Beyond the base plan: additional growth pathways delivering +100M€ in EBITDA
Beyond the base plan: additional growth pathways delivering +100M€ in EBITDA The multi-utility model and multi-territorial footprint provide additional development opportunities that are not included in the base plan, due to their current limited visibility or uncertainties in assessing the economic
Slide 19: H1 26 Results
STRATEGY H1 26 RESULTS INVESTOR PRESENTATION FY 25 RESULTS ANNEXES BP ANNEXES RESULTS
Slide 20: H1 '26 Results at a Glance
H1 ‘26 RESULTS AT A GLANCE €M +1% H1 '25 H 1 ' 26 Δ Δ% GUIDANCE 2026 Revenues 3,486 3,257 -229 -7% EBITDA 726 732 6 1% ▪ EBITDA: around +3% vs FY2025 EBIT 326 318 -8 -2% ▪ Gross technical capex: ~0.95€B Group net profit 184 182 -2 -1% ▪ Net profit: around +2% vs. FY2025 Technical capex 393 409 16 4%
Slide 21: H1 '26 EBITDA Evolution
H1 ‘26 EBITDA EVOLUTION EBITDA EVOLUTION €M +1% 15 6 5 3 5 8 -7 2 732 1 -13 726 -10 -9 NETWORKS +3 WASTE +16 ENERGY -9 MARKET -4 H1 ’25 Water Electricity Gas CollectionTreatment RES CCGT & Heat En. Electricity Gas IrenPlus H1 ’26 & Disposal Thermo Efficiency & Others INVESTOR PRESENTATION STRATEGY H
Slide 22: EBITDA to Group Net Profit Reconciliation
EBITDA TO GROUP NET PROFIT RECONCILIATION 22 €M H1 '25 H1 '26 Δ Δ% EBITDA 726 732 6 0.8% D&A -350 -363 ▪ Higher depreciation due to investments Provisions to bad debt -45 -47 made last year Other provisions and write-downs -5 -4 EBIT 326 318 -8 -2.4% Financial charges -55 -56 ▪ Cost of debt stable a
Slide 23: Net Debt Evolution (H1 2026 vs FY2025)
NET DEBT EVOLUTION (H1 2026 VS FY2025) +54€M (+1%) €M 4,222 189 42 4,276 409 -66 283 76 -733 -146 Operating cash flow levered -520€M FY ’25 Ebitda Other Eco-Super Changes Capex M&A and Dividends MtM H1 ’26 operational bonus in WC disposal Derivatives changes & other ▪ Net debt slightly increase desp
Slide 24: FY 25 Results
STRATEGY H1 26 RESULTS INVESTOR PRESENTATION FY 25 RESULTS ANNEXES BP ANNEXES RESULTS
Slide 25: FY '25 Results at a Glance
FY ‘25 RESULTS AT A GLANCE EBITDA EVOLUTION €M FY '24 FY '25 Δ Δ% +6% Revenues 6,043 6,574 531 9% (€M) EBITDA 1,274 1,353 79 6% 51 21 12 1,353 1,274 -5 EBIT 520 530 10 2% Group net profit 268 301 33 12% Technical capex 830 925 95 12% Net Financial Position 4,083 4,222 139 3% FY ’24 Networks Waste En
Slide 26: FY '25 EBITDA Evolution
FY ‘25 EBITDA EVOLUTION EBITDA EVOLUTION €M +6% 15 3 1,353 5 16 9 2 -6 19 21 13 -35 17 1,274 NETWORKS +51 WASTE +21 ENERGY -5 MARKET +12 FY ’24 Water Electricity Gas CollectionTreatment RES CCGT & Heat En. Electricity Gas IrenPlus FY ’25 & Disposal Thermo Efficiency & Others INVESTOR PRESENTATION ST
Slide 27: EBITDA to Group Net Profit Reconciliation
EBITDA TO GROUP NET PROFIT RECONCILIATION 27 €M FY '24 FY '25 Δ Δ% ▪ Capex and the integration of EGEA (33€M) EBITDA 1,274 1,353 79 6.2% drove growth on depreciation D&A -655 -716 ▪ Higher provisions to bad debt related mainly to Provisions to bad debt -74 -86 waste collection tariffs Other provisio
Slide 28: Net Debt Evolution (FY 2025 vs FY2024)
NET DEBT EVOLUTION (FY 2025 VS FY2024) €M +139€M (+3%) 522 177 4.222 4.083 925 -494 -48 148 219 43 -1.353 Operating cash flow levered -943€M FY ’24 Ebitda Other Superbonus Changes Capex M&A Hybrid Bond Dividends MtM FY ’25 operational 110% & tax in WC Derivatives changes credits ▪ Technical capex al
Slide 29: Annexes BP
STRATEGY H1 26 RESULTS INVESTOR PRESENTATION FY 25 RESULTS ANNEXES BP ANNEXES RESULTS
Slide 30: Business Unit Structure
BUSINESS UNIT STRUCTURE Networks Power Gas Water Waste Collection Treatment and energy recovery Energy RES, Hydro Thermoelectric/CCGT District Heating Energy efficiencies Market Gas Power Iren Plus Corporate INVESTOR PRESENTATION STRATEGY H1 26 RESULTS FY 25 RESULTS ANNEXES BP ANNEXES RESULTS 30
Slide 31: Networks: excellence on quality of service as a result of targeted investments
NETWORKS: excellence on quality of service as a result of targeted investments INTEGRATED WATER SERVICE CAPEX PURIFICATION CAPACITY 4.4 ⃝ Confirmation of the concession perimeter 12% Millions inhabitants ⃝ Network replacement and modernization 3.8 million inhabitants in 5 new wastewater treatment pl
Slide 32: Waste: from leader in collection to leader in energy recovery
WASTE: from leader in collection to leader in energy recovery from municipal waste COLLECTION CAPEX BASIN 4.2M Inhabitants in SERVED 2030 Consolidations in legacy areas • 37% 4.1 million inhabitants in Efficiency of operating costs along with high 2024 EBITDA • quality of service through digitalizat
Slide 33: Energy: flexible plants supporting the electrical system
ENERGY: flexible plants supporting the electrical system RES CAPEX REBUILDING ~200 • Development of greenfield renewable capacity PROJECTS 2025-30 (+200MW) supported by incentives • Renewal of expired hydroelectric concessions 21% through PPPs EBITDA 25% GROWTH 1.6B€ Mcm DISTRICT HEATING VOLUMES 4%
Slide 34: Market: long-term value of our customers
MARKET: long-term value of our customers CAPEX CLIENTS CUSTOMER BASE (M) at 2030 2.3 • Retention of high-value customer EBITDA Increase in power volumes due to GROWTH 0.6B€ • electrification of consumption TWh ELECTRICITY SOLD TO RETAIL Medium-long term PPA development with end 0% CAGR* • customers
Slide 35: Synergy plan to further support profitability
Synergy plan to further support profitability 200 120M€ Identified projects to support corporate synergies by 120 transformation 2030 80 16M€ ~65% 6% Already done in 9M ‘25 20 synergies achieved by reduction of 2028 addressable 2025 2028 2030 costs ~20 M€ synergies per year in line Overall synergies
Slide 36: Synergies: 200 projects for a cumulative saving of 120M€ by 2030
Synergies: 200 projects for a cumulative saving of 120M€ by 2030 OBJECTIVES QUALIFYING EXAMPLES PEOPLE EGEA INTEGRATION OPTIMIZE • Managerial turnover • Rationalization of EGEA’s corporate structure and subsequent Processes revision • Generational change integration of its companies into the Group’s
Slide 37: Sustainable finance
Sustainable finance ▪ Sustainability-Linked Loans to 85% enhance Group’s commitment in terms of long-term ESG sustainable strategy 84% KPI-LINKED ▪ These Loans envisage core LOANS KPIs included in Sustainable ~90% Financing Framework: 550€M ✓ Scope 1 GHG emissions reduction ✓ Water Network leakages
Slide 38: Sustainable Financing Framework components
Sustanaible Financing Framework components Green & Blue Component Sustainability-Linked Component Green & Blue Component Sustainability-Linked Component Eligible Green & Blue EU Eligible Projects SDGs KPIs Baseline SPTs SDGs Categories Taxonomy ▪ Urban waste collection and KPI#1: Scope 1 ▪ 2028: 315
Slide 39: Sustainable Financing Framework Second Party Opinion
Sustanaible Financing Framework Second Party Opinion by ▪ DNV has been confirmed as Second Party Opinion provider for the 2026 Sustainable Financing Framework ▪ The opinion includes for the first time the EU Taxonomy alignment assessment covering 23 eligible activities relevant to Iren’s core busine
Slide 40: Focus on EU Taxonomy in 2025
Focus on EU Taxonomy in 2025 Eligible, aligned and non-eligible activities related to the KPIs required by the EU Taxonomy €M 6,574 1,955 1,322 IREN’S ELIGIBLE ACTIVITIES Eligible activities – aligned 32% 35% 57% NETWORKS Power Gas Water 3% 21% Eligible activities – not aligned Treatment and materia
Slide 41: Decarbonization
Decarbonization 2020 2025 2028 2030 2040 332 313 Carbon intensity of energy production 315 312 129 (Scope 1) (gCO₂/kWh) 100% Certified renewable electricity 50% purchased (%) (Scope 2 emissions 25% 0% 3% reduction target) -9% ▪ Use of sold -26% products (gas) Scope 3 emissions -14% -17% ▪ Fuel and e
Slide 42: Circular Economy
Circular Economy 2020 2025 2028 2030 2040 75,5% 73,0% 74,2% 69,3% 80,0% Separate waste ▪ Core collection in the Territories 74,0% 69,9% 70,8% served area (%) 66,9% 63,1% ▪ Other Territories 1.533 1.539 Material recovery from waste in 1.036 Group facilities (kton) 1.522 492 31,1 Biomethane from 13,2
Slide 43: Water Resources
Water Resources 2020 2025 2028 2030 2040 4.438 3.921 4.438 Purification capacity (kP.E.) 4.243 (across all territories) 3.527 Water withdrawals from the 260 266 245 240 228 environment (liters/inhabitant/day) (across all territories) 33,3% 30,9% ▪ Legacy regions Water distribution network 27,8% 26,5
Slide 44: Resilient cities
Resilient cities 2020 2025 2028 2030 2040 125 115 135 Urban district heating extension (million cubic meters) 97 122 53% Eco-friendly company vehicle fleet (% of electric and biomethane 35% 29% vehicles over total fleet) 24% 19% 3.000 2.500 1.940 2.000 Green electricity sold to retail customers (GWh
Slide 45: People
People 2020 2025 2028 2030 2040 Employment, +5.326 development, +9.400 and ▪ Hiring (N.) +5.900 +6.740 enhancement 24,5 22,0 22,9 23,8 25,0 of skills ▪ Training hours per capita (N.) 84% 85% 89% 90% ▪ Performance- 54% evaluated employees** (%) Diversity & 30,0% 25,5% 26,5% 27,0% Inclusion 22,8% ▪ Wo
Slide 46: Investments and profitability by business unit
Investments and profitability by business unit EBITDA - EBIT M€ GROSS INVESTMENTS B€ 705 1,7 615 479 405 0,9 251 340 Networks 325 330 0,7 255 0,5 100 110 39 Waste 283 340 350 1 150 160 0,6 99 Energy 257 245 230 0,4 132 0,2 75 65 Mercato EBITDA 0,3 EBIT 0,2 Investments Corporate 2024 2028 2030 2025-2
Slide 47: Regulatory Framework
Regulatory Framework INTEGRATED WASTE SERVICE GAS ELECTRICITY WATER AND ESSENTIAL FACILITIES Regulatory period 6 + 2 years (2020 – 2027) 4 years (2024 – 2027) 6 years (2024 – 2029) 4 years (2026 – 2029) Adjustment of the 6 years (2022 – 2027) 6 years (2022 – 2027) 6 years (2024 – 2029) 6 years (2022
Slide 48: Industrial KPIs
Industrial Kpis 2024 2028 2030 Waste collected (Mton) 2,3 2,3 2,3 Waste treated in Iren plants (Mton) 2,9 3,5 3,5 Electricity sold from WTE plants (TWh) 0,5 0,5 0,5 Biomethane produced from organic waste (Mmc) 10 31 31 Hydropower generation (TWh) 1,5 1,3 1,3 Photovoltaic and wind power generation (T
Slide 49: Energy scenario underlying the business plan
Energy scenario underlying the business plan 2024 2028 2030 PUN (€/MWh) 10 103 97 PSV (€/MWh) 3 31 27 ETS (€/Ton) 6 90 105 Clean spark spread Iren -1, 2,9 3,2 (€/MWh) INVESTOR PRESENTATION STRATEGY H1 26 RESULTS FY 25 RESULTS ANNEXES BP ANNEXES RESULTS 49
Slide 50: Network Concessions
Network Concessions CONCESSIONS CONCESSIONS CONCESSIONS GAS WATER ELECTRICITY ATEM END DATE AREA END DATE AREA END DATE Expired Piacenza 2040 Genova 1 Torino 2030 (under statutory extension) Reggio Emilia 2043 Expired Parma Parma 2030 (under statutory extension) Genova 2032 Expired Vercelli 2030 Reg
Slide 51: Hydropower and Waste collection concessions
Hydropower and Waste collection concessions CONCESSIONS MAIN CONCESSIONS HYDROPOWER WASTE COLLECTIONS HYDROPOWER AREA END DATE AREA POWER (MW) END DATE PLANT Piemonte 1 Pont Ventoux-Susa 157 2034 Parma 2037 Expired 2010 Piacenza 2037 PPP proposals Piemonte 2 Valle Orco e S. Mauro 300 assessed as Exp
Slide 52: Annexes Results
STRATEGY H1 26 RESULTS INVESTOR PRESENTATION FY 25 RESULTS ANNEXES BP ANNEXES RESULTS
Slide 53: H1 2026 Results
woo Ifen H1 2026 RESULTS
Slide 54: Networks: growth driven by investments
NETWORKS Growth driven by investments, recovering LY extraordinary items & premiums EBITDA EVOLUTION GROSS CAPEX €M +1% 182 -3% 177 5 22 - 22 271 8 274 56 -14% 48 -10 104 +2% 106 (€M) H1 '25 H1 '26 Water Electricity Gas RAB H1 ’25 Water Electricity Gas H1 ’26 +4% 3,492 3,347 ▪ Higher regulated reven
Slide 55: Waste: result supported by extraordinary contribution in treatment plants
WASTE Result supported by extraordinary contribution in treatment plants EBITDA EVOLUTION TOTAL ENERGY SOLD +12% €M 16 148 474 +1% 481 132 1 -1 232 234 +1% 242 247 +2% (GWh) H1 '25 H1 '26 Electricity Heat H1 ’25 Collection WTE Treatment H1 ’26 plants & landfills WASTE MANAGED 2,093 -8% ▪ Collection
Slide 56: Energy: lower hydro volumes partially offset by CSS & MSD
ENERGY Lower hydro volumes partially offset by CSS & MSD HEAT SOLD EBITDA EVOLUTION* €M -5% -4% 1,474 1,532 175 5 6 166 -13 -7 (GWht) H1 '25 H1 '26 H1 ’25 RES CCGT & thermo Heat Energy efficiency H1 ’26 & others ELECTRICITY SOLD +1% 4,408 4,365 ▪ RES affected by lower Hydro volumes (-190GWh) partial
Slide 57: Market: gas margins normalization in a competitive scenario
MARKET Gas margins normalization in a competitive scenario EBITDA EVOLUTION FINAL CLIENTS’ VOLUMES €M -2% - -9% 3.14 3.13 452 414 148 3 2 144 -9 (TWh) (Mcm) H1 ‘25 H1 ‘26 H1 ‘25 H1 ‘26 POWER GAS H1 ’25 Electricity Gas Iren Plus & Others H1 ’26 CUSTOMER -2% ▪ Margins normalization in gas of -5€/clien
Slide 58: A sound and sustainable debt structure as of 30 June 2026
A sound and sustainable debt structure as of 30 June 2026 DEBT STRUCTURE MATURITY PROFILE AND LIQUIDITY 5% 11% Green Bonds Traditional Bonds Loans 788 54% 714 30% Cash 555 288 567 214 564 560 13% 504 55 83 64 60 Undrawn committed ~2.4€B 21% credit lines Green Bond EIB-CEB ESG Loans 500 464 500 484 5
Slide 59: FY 2025 Results
woo Ifen FY 2025 RESULTS
Slide 60: Networks: growth as a result of organic and inorganic investments
NETWORKS Growth as a results of organic and inorganic investments EBITDA EVOLUTION GROSS CAPEX €M +11% +8% 392 363 +9% 48 21 529 44 478 17 13 101 86 +17% 233 242 +4% (€M) FY '24 FY '25 FY ’24 Water Electricity Gas FY ’25 Water Electricity Gas RAB ▪ Organic growth (+22€M) mainly in water and electric
Slide 61: Waste: results driven by Egea consolidation and treatment plants recovery
WASTE Results driven by Egea consolidation and treatment plants recovery EBITDA EVOLUTION TOTAL ENERGY SALE +8% €M +9% 895 16 5 277 256 822 320 389 +22% 502 506 +1% (€M) FY '24 FY '25 Electricity Heat FY ’24 Collection Treatment & disposal FY ’25 WASTE MANAGED ▪ Collection activities continue a grow
Slide 62: Energy: lower hydro volumes partially offset by higher CSS and Egea
ENERGY Lower hydro volumes partially offset by higher CSS and Egea consolidation HEAT SOLD EBITDA EVOLUTION €M +13% -2% 2,277 2,579 283 9 2 278 19 -35 (GWht) FY '24 FY '25 FY ’24 RES CCGT & thermo Heat Energy efficiency FY ’25 & others ELECTRICITY SOLD ▪ RES affected by Hydro lower volumes (-165GWh)
Slide 63: Market: EGEA consolidation and synergies more than offset lower margins
MARKET EGEA consolidation and synergies more than offset lower margins EBITDA EVOLUTION FINAL CLIENTS’ VOLUMES €M +5% +18% 6.4 +10% 5.4 777 257 15 3 269 704 -6 (TWh) (Mcm) FY ‘24 FY ‘25 FY ‘24 FY ‘25 FY ’24 Electricity Gas Iren Plus & Others FY ’25 POWER GAS CUSTOMER ▪ Egea consolidation positive co
Slide 64: Disclaimer
Disclaimer The Manager in charge of drawing up the corporate accounting documents and the Chief Financial Officer of IREN S.p.A., Mr. Giovanni Gazza, hereby declares, pursuant to paragraph 2 of article 154 bis of the Consolidated Finance Act (Legislative Decree No 58/1998), that the accounting infor