Energy Time S.p.a. · MIL:ET
Energy Time — Investor Day (May 2026)
10 slides from Energy Time's investor day presentation, May 20, 2026
Slide 1: IRTOP EGM Investor Day
IRTOP EGM INVESTOR DAY May 20, 2026 1
Slide 2: Company Overview
Company Overview Energy Time, founded in 2008, operates in the renewable energy market throughout Italy as a D-EPC-OM operator (Development, Engineering, 2008 €125 mn Procurement, Construction, Operation and Maintenance), with a focus on the Backlog Year of foundation photovoltaic segment. as of D
Slide 3: Integrated Business Model – D-EPC-OM
Integrated Business Model – D-EPC-OM Energy Time bases its business model on D-EPC-OM activities, encompassing the development, design, and construction of photovoltaic plant, up to the provision of maintenance services. • Energy Time has obtained approximately 70 MW of permits for photovoltaic plan
Slide 4: Evolution of Production Value
Evolution of Production Value € / mln 25,3 17,8 8,7 9,0 5,4 5,3 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Energy Time’s Production Value as of December 31, 2025, increased by approximately €7.5 million, with a +42% growth compared to the same period in 2024 (€17.8 million), reaching a value of €25
Slide 5: Investment Highlights
Investment Highlights Backlog & Portfolio of Oversight of the entire Authorizations process Operational flexibility Meeting customer & innovation needs Customized financial Multi-year know-how solutions and track record Rapidly growing Sustainability Market Source: Management processing 5
Slide 6: FY2025: Revenue and margin growth confirmed
FY2025: Revenue and margin growth confirmed Production Value EBITDA EBITDA margin 4,6 25,2 3,1 17,7 17,7% 18,4% 9,0 1,2 13,7% FY2023 FY2024 FY2025 FY2023 FY2024 FY2025 EBIT EBIT margin Net Profit Net Profit margin 4,4 3,0 2,7 1,6 17,5% 11,9% 15,4% 9,0% 1,2 0,5 12,7% 5,8% FY2023 FY2024 FY2025 FY2023
Slide 7: FY2025: Financial strength and cash generation
FY2025: Financial strength and cash generation Fixed Asset NWC Funds Net Debt (Cash) Net Equity 12,5 14,7 7,7 6,9 6,7 4,6 5,1 3,6 4,3 3,4 1,8 2,2 -0,13 -0,21 -0,20 FY2023 FY2024 FY2025 FY2023 FY2024 FY2025 Cash generation 1,83 2,30 0,32 0,46 0,15 Net Cash Flow Net Cash Flow Cash FY23 FY24 Cash FY24
Slide 8: Stock performance
Stock performance MARKET DATA PERFORMANCE ANALYST COVERAGE Ref. data May 19, 2026 1 Month 19.5% Broker Integrae SIM S.p.A. Ticker ET-IT 3 Month 47.0% Issue data April 13, 2026 Price €5.40 6 Month 50.9% Target Price €6.60 (prev. €5.25) Market Cap €34.3 mn From IPO 59.6% Potential upside 22.2% Source:
Slide 9: Strategic Guidelines
Strategic Guidelines 1 2 3 Implementation of the Expansion of M&A transactions €125 mln backlog operational capacity and strategic (as of Jan 26) & (staff and specialized partnerships new orders acquisition machinery) Adoption of new governance models in line with ESG strategies (231 Model, Code o
Slide 10: IRTOP EGM Investor Day
IRTOP EGM INVVESTOR DAY May 20, 2026 10