Enerside Energy Sa · BME:ENRS
Enerside Energy Sa — H1 2025 Earnings Presentation
23 slides from Enerside Energy Sa's earnings presentation, October 2025
Slide 1: Profitable Energy Sustainable World – H1 2025 Results
PROFITABLE ENERGY SUSTAINABLE WORLD H1 2025 RESULTS | October 2025
Slide 2: Disclaimer
DISCLAIMER This document may contain forward-looking statements and information (hereinafter, the “Information”) relating to Enerside Energy, S.A or Enerside Group (hereinafter “Enerside”, the “Company” or the “Enerside Group”). The Information reflects the current view of Enerside with respect to f
Slide 3: Table of Contents
Table of Contents 1. ABOUT ENERSIDE 2. OPERATIONAL RESULTS 3. FINANCIAL RESULTS 4. TAKEAWAYS 5. APPENDICES
Slide 4: 1. About Enerside
enerside 1. ABOUT ENERSIDE
Slide 5: About Enerside – Executive Summary
ABOUT ENERSIDE – EXECUTIVE SUMMARY Successful turn-around under challenging circumstances > Diversified portfolio consolidation: 4.8 GW of solar PV projects and 13.2 GWh of battery energy storage systems (BESS). > Agreement for the acquisition of 100% of the Group’s Italian subsidiary, which entails
Slide 6: About Enerside – 1H25 Consolidated Results
ABOUT ENERSIDE – 1H25 CONSOLIDATED RESULTS Successful turn-around under challenging circumstances Pipeline PV Pipeline BESS IPP Assets Sold 4,8 GW 13,2 GWh 13 MW 509 MW1 Pipeline distributed across BESS Stand Alone In Operation 3 MW at COD Italy, Spain, Chile and Brazil Attributable Equity Value Net
Slide 7: 2. Operational Results
2. OPERATIONAL RESULTS
Slide 8: Operational Results – Enhanced Flexibility
OPERATIONAL RESULTS – ENHANCED FLEXIBILITY Proven & flexible Business Model focused on Value Creation Origination Project Development & Construction Flexible Strategy to crystallize Value Asset Rotation (Develop-to Sell & Build-to Sell) Sizable and Diversified Pipeline Originated +5 GW from scratch
Slide 9: Operational Results – 4.8 GW & 13.2 GWh of PV & BESS
OPERATIONAL RESULTS – 4.8 GW & 13.2 GWH OF PV & BESS International presence with unique exposure to Italy and BESS • Increased exposure to core markets (Italy) with 1,2 GW of PV • Strong bet on BESS with 13,2 GWh of projects across different geographies Solar PV BESS Early In Total Early In Total MW
Slide 10: Operational Results – Diversified & Mature Pipeline
OPERATIONAL RESULTS - 4.8 GW | 13.2 GWH DIVERSIFIED & MATURE PIPELINE International presence with unique exposure to Italy and BESS Pipeline Overview1,2 Pipeline Overview by GAV1 % of Dev. Acc. Diversified Portfolio with unique exposure to Italy Stage GAV (€M) 66% of Assets under Management in Europ
Slide 11: Operational Results 1H25 – Main Highlights: Italy
OPERATIONAL RESULTS 1H25 – MAIN HIGHLIGHTS Main highlights of the first semester 2025 - ITALY Acquisition of 100% of the Italian company (binding agreement) > Enerside signs a binding agreement to acquire 100% of its Italian subsidiary, previously co-owned with Alternative Green Energy Italy HoldCo
Slide 12: Operational Results 1H25 – Main Highlights: Chile
OPERATIONAL RESULTS 1H25 – MAIN HIGHLIGHTS Main highlights of the first semester 2025 - CHILE Hybridization of PMGD Portfolio > Enerside is implementing hybridization strategies in its Chilean PMGD projects, integrating battery storage to optimize profitability by shifting energy production to highe
Slide 13: Operational Results 1H25 – IPP in Chile
OPERATIONAL RESULTS 1H25 – IPP 13 MW fully developed, constructed and operated internally IPP in Chile generates recurring revenues Expected PMGDs (DS 244) MWp COD EBITDA’25 Status Renaico • Public purchase agreement with the Chilean grid Renaico 7.5 2Q 2023 €0,5M • Bridge financing through the issu
Slide 14: 3. Financial Results
3. FINANCIAL RESULTS
Slide 15: Financial Results 1H25 – P&L
FINANCIAL RESULTS 1H25 – P&L Profit & Loss Statement H1 2025 – Audited Consolidation of 2024 turn-around P&L Statement - €M 1H25 1H24 Variation Asset Sales - - - Construction - EPC / BOS (0,2) 1,2 (1,4) IPP / O&M 0,8 1,2 (0,4) 1. Increase in IPP revenue by 107% (1H24 includes Rota do Net Sales 0,6 2
Slide 16: Recapitalization and Refinancing
FINANCIAL RESULTS 1H25–RECAPITALIZATION AND REFINANCING New non-monetary and monetary capital increases and refinancing of debt Non-monetary capital increase agreed with investor AGE: Monetary capital increase and refinancing as subsequent events: • Capital increase of €8M executed on September 26th
Slide 17: 4. Takeaways
4. TAKEAWAYS
Slide 18: Takeaways – On track to a sustainable & profitable future
TAKEAWAYS On track to a sustainable & profitable future 1 Stages 1 & 2 of Plan Impulsa were successfully executed during 2024 • Cost Optimization on path to profitability: +50% reduction of annualized Operating Expenses • Strengthened core: High value creation through the development of our 4,8 GW p
Slide 19: 5. Appendices
enerside 5. APPENDICES
Slide 20: Appendices – Proven Track Record
APPENDICES – PROVEN TRACK RECORD A Solar PV specialist since 2007 Reaching key Targets since 2007 Key Company Milestones 2007-2012. 2012-2017 2018-2020 2021-2023 2024-26 Inception Internationalization Integrated Platform IPO Profitable Growth PURE DEVELOPER TRANSFORMATION TO IPP • Asset Rotation • C
Slide 21: Our Business Model – Integrated Platform
OUR BUSINESS MODEL Integrated Platform with all capabilities in-house 1 Development – 22 Headcounts 2 Construction – 8 Headcounts 3 Operations – 12 Headcounts Development of PV Solar projects until EPCM provider from RTB to COD O&M IPP reaching RTB status • Market research for new opportunities Supe
Slide 22: Business Model & Strategic Positioning
APPENDICES – BUSINESS MODEL & STRATEGIC POSITIONING Value creation and Cash flow through the life cycle of PV plant Overview of a Generic Solar PV Project (Illustrative) Development Construction Operation 1 - 5 years < 1 year 25-30 years Returns: +3x invested capital Project IRR +10% Yield compressi
Slide 23: Thank You
THANK YOU investors@enerside.com