Slide 1: Half-Year Results 2026
HALF-YEAR RESULTS 2026 23/07/2026
Slide 2: Agenda
AGENDA 1 H1 2026 HIGHLIGHTS 2 H1 2026 FINANCIAL RESULTS 3 OUTLOOK 2
Slide 3: Strong growth in H1
Strong growth in H1 €824M H1 2026 REVENUE €404M H1 2026 EBITDA 2026 EBITDA guidance +13% +12% upgraded to between → Active LeShuttle yield management strategy. Reinforced competitive positioning in a subdued market → Dynamic High-Speed Rail traffic €835M and → High availability rate €870M* → Opportu
Slide 4: H1 2026 Highlights
H1 2026 HIGHLIGHTS Yann Leriche, Chief Executive Officer Half-Year Results 2026
Slide 5: H1 EBITDA benefitting from Eleclink's strong operational performance
H1 EBITDA benefitting from Eleclink’s strong operational performance Demonstrating agility in capturing €404M value from volatile €361M energy markets +79% 93 52 16 +6% 17 293 294 H1 2025* H1 2026 Eurotunnel Europorte Eleclink** * Restated at H1 2026 average exchange rate: £1 = €1.153 ** After provi
Slide 6: Eurotunnel: Strengthened LeShuttle competitiveness
Eurotunnel: Strengthened LeShuttle competitiveness REGAINING CONFIRMED MOMENTUM LEADERSHIP PASSENGER TRUCK MARKET SHARE: CAR MARKET SHARE: 35.8% 60.2% +10 bps +35bps 588k trucks 962k vehicles* -1% vs H1 2025 -2% vs H1 2025 +4% Average Shuttle yield vs H1 2025 (incl. EVA**) * Including cars, motorbik
Slide 7: LeShuttle Passenger: Ongoing offer optimisation driving interest and supporting value creation
LeShuttle Passenger: Ongoing offer optimisation driving interest and supporting value creation NEW STANDARD PLUS OFFER GAINING TRACTION 19% PREMIUM TICKET MIX (VS 15% IN H1 2025) Standard plus Semi flexibility Travel within +4 hours of booked time (subject to availability) Change your booking for a
Slide 8: LeShuttle Freight: Increasing cost pressure on competitors reinforcing our positioning
LeShuttle Freight: Increasing cost pressure on competitors reinforcing our positioning INCREASING ENERGY & CO2 SURCHARGE … A TAILWIND SUPPORTING FOR FERRIES… OUR MARKET POSITIONING ~€50 ~€30 ~€18 €80 ~€32 €70 ~€19 ~€18 €60 Eurotunnel €50 Truck market share €40 +90 bps +160 bps €30 May YoY June YoY •
Slide 9: Getlink Customs Services: Simplifying UK-EU trade through digital & AI solutions
Getlink Customs Services: Simplifying UK-EU trade through digital & AI solutions PROVEN ORGANIC GROWTH CAPABILITIES Recent acquisitions: +15 % organic revenue growth in H1 2026 SCALING-UP THROUGH BOLT-ON ACQUISITIONS April 2026 Strong request from customers to simplify + TO SERVE One-stop shop for i
Slide 10: Sustained growth in High-Speed Rail traffic
Sustained growth in High-Speed Rail traffic RECORD HIGH TRAFFIC IN H1 2026 (in K passengers travelling through the Tunnel) +4 % 5,841 5,610 5,378 5,299 5,199 5,092 H1 2018 H1 2019 H1 2023 H1 2024 H1 2025 H1 2026 Half-Year Results 2026 10
Slide 11: Eurotunnel: Continued investment for future growth & increased attractiveness
Eurotunnel: Continued investment for future growth & increased attractiveness CUSTOMER EXPERIENCE MODERNISATION UK Passenger terminal upgrade New facility dedicated to pet reception 14 WITH PETS % TRAVELLERS CAPEX PROGRAMME ON TRACK EXECUTED WITH DISCIPLINE 30-year asset renewal programme Replacemen
Slide 12: EES: Successful deployment for trucks and coaches
EES: Successful deployment for trucks and coaches PARTIAL IMPLEMENTATION FOR PASSENGERS DUE TO DELAYED DEPLOYMENT OF EU SYSTEMS* TRUCKS + COACHES PASSENGERS SINCE OCTOBER 2025 SINCE APRIL 2026 Successful deployment with Registration processed by optimised freight customer French border authorities a
Slide 13: Eleclink: Demonstrated agility in capturing volatility
Eleclink: Demonstrated agility in capturing volatility STRONG OPERATIONAL PERFORMANCE IN H1 SECURED FAVOURABLE MARKET PRICES SUPPORTED BY INCREASED ELECTRICITY MARKET VOLATILITY THROUGH AGILE AUCTION EXECUTION Average auction clearing price on monthly products Revenue (€M) EBITDA* (€M) (€/MWh) 90 +8
Slide 14: Europorte: Solid growth momentum
Europorte: Solid growth momentum €17M EBITDA in H1 2026 +6% vs H1 2025 €93M Revenues in H1 2026 +12% vs H1 2025 Half-Year Results 2026 14
Slide 15: Continued ESG leadership for climate actions reinforcing competitive advantage
Continued ESG leadership for climate actions reinforcing competitive advantage INCREASING CARBON SURCHARGE FOR FERRIES GETLINK ESG CREDENTIALS CONFIRMED Additional EU ETS* surcharge directly transferred to customers Demonstrating the Group’s strong ability to pay its carbon invoice, preserving a 96%
Slide 16: H1 2026 Financial Results
H1 2026 FINANCIAL RESULTS Géraldine Périchon, Deputy CEO & Chief Financial Officer Half-Year Results 2026
Slide 17: Eurotunnel in H1 2026
Eurotunnel in H1 2026 Revenue and EBITDA €m H1 2026 H1 2025* Change Revenue 574 556 +3% Stable results underpinned by Shuttle Services 343 336 +2% High-Speed Rail solid performance and LeShuttle resilience Railway Network 204 197 +4% Higher operating costs for Other 27 23 +17% maintenance, marketing
Slide 18: Eurotunnel in H1 2026: Operating costs
Eurotunnel in H1 2026 Operating costs (€m) Transitory 4 280 Stable Energy costs despite end of 5 ARENH 4 8 3 -2 Strengthened maintenance -5 operations 263 Higher marketing costs to support ambitious yield management strategy Higher regulatory costs and taxes (Business rates*) H1 Inflation Commercial
Slide 19: Eleclink in H1 2026
Eleclink in H1 2026 Revenue and EBITDA €m H1 2026 H1 2025 change Revenue 157 92 +71% Other income 0 5 - Operating costs Eleclink performance supported by (19) (22) -14% high availability and widening of (excl. profit sharing provision) UK-FR electricity spreads EBITDA 138 75 +84% pre-profit sharing
Slide 20: Europorte in H1 2026
Europorte in H1 2026 Revenue and EBITDA €m H1 2026 H1 2025 change Revenue 93 83 +12% A solid profitability illustrating the constant selectivity and discipline Operating costs (76) (67) +13% in operations EBITDA 17 16 +6% Half-Year Results 2026 20
Slide 21: Getlink in H1 2026: Consolidated P&L
Getlink in H1 2026 Consolidated P&L €m H1 2026 H1 2025* change Revenue 824 731 +13% Other income 0 5 - Operating costs (375) (352) +7% Provision for Eleclink profit sharing (45) (23) +96% EBITDA 404 361 +12% EBIT 281 252 +12% Net finance costs (150) (144) +4% Taxes (13) 2 - Net consolidated profit 1
Slide 22: Getlink in H1 2026: Free Cash Flow
Getlink in H1 2026 Free Cash Flow €m H1 2026 H1 2025 change Operating cash flow 502 402 +100 Capex(1) (81) (65) +16 Operating cash flow was underpinned by higher Eleclink contribution Free Cash Flow to Firm 421 337 +84 (operational performance and €50m insurance indemnity*) Debt service (126) (119)
Slide 23: The Group continues its strong cash generation
The Group continues its strong cash generation Evolution of net debt (€m) Free Cash Flow €295m FCF* €295m (after €46m scheduled debt repayments) Net debt 434 5 3, 536 €3,536m (+€144m vs 31 December 2025) 3,392 Cash position** €1,361m (vs € 1,498m at 31 December 2025) 81 126 - 502 Improving credit ra
Slide 24: Outlook
OUTLOOK Yann Leriche, Chief Executive Officer Half-Year Results 2026
Slide 25: EES: Despite a challenging rollout for passengers, Eurotunnel outperforms on traffic throughput
EES: Despite a challenging rollout for passengers, Eurotunnel outperforms on traffic throughput CHALLENGING START FOR PASSENGER EES IMPLEMENTATION • Technical issues affecting EU systems • Limited border authority resourcing Prioritising WE ARE ADAPTING TO MITIGATE THE IMPACTS Operational fluidity T
Slide 26: Eleclink: Solid medium-term outlook
Eleclink: Solid medium-term outlook THE WIDENING OF UK-FR … ENABLED ELECLINK TO SECURE REVENUE AT ELECTRICITY SPREADS IN MARCH… ATTRACTIVE LEVELS Eleclink secured revenue* UK-FR spreads (€/MWh) (in €m as of 30 June 2026) 90 350 80 98% 70 300 60 71% 250 50 157 H1 40 200 92 30 150 H1 20 256 % capacity
Slide 27: New milestones unlocked for High-Speed Rail
New milestones unlocked for High-Speed Rail +10 M * PASSENGERS May 2026 Signature of a MoU for the launch of a potential direct connections between London and Switzerland April 2026 LSPH and Virgin have agreed to enter into a Framework Track Access Agreement** subject to ORR validation expected in H
Slide 28: 2026 Guidance upgraded
2026 Guidance upgraded EBITDA EXPECTED BETWEEN €835M & €870M * vs €820M to €860M previously This guidance* takes into account 01 Reasonable growth assumptions for Eurotunnel based on the commercial momentum observed over recent months and assuming limited disruption related to the implementation of
Slide 29: Q&A
Q&A A thank-you message from Britain to France projected onto the White Cliffs of Dover at Samphire Hoe, in the UK, as the Bayeux Tapestry arrives at the British Museum for the first time, transported by lorry from France via the Channel Tunnel in July 2026. Half-Year Results 2026 29
Slide 30: Contact
CONTACT Virginie Rousseau Capital Markets Director virginie.rousseau@getlinkgroup.com +33 6 77 41 03 39 Dana Badaoui Investor Relations dana.badaoui@getlinkgroup.com +33 6 80 01 39 46 30
Slide 31: Disclaimer
DISCLAIMER All forward-looking statements in this presentation are Getlink SE’s present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For a detailed d
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