Enlight Renewable Energy (ENLT) Company presentation summary

Strategic positioning and business model

• Operates as a global leader in renewable energy with expertise across the project value chain, including greenfield development, construction, financing, and operations.

• Maintains a diversified portfolio across solar, wind, and energy storage technologies, with operations in the U.S., Europe, and MENA.

• Differentiated business model combines developer and independent power producer roles, enabling value capture and superior returns.

• Strategic focus on geographic and technological diversification to limit regulatory and production risks.

Portfolio growth and financial performance

• Total portfolio reached 41.2 FGW, with 11.6 FGW in the mature portfolio and 3.9 FGW operational.

• Achieved ~3X growth every three years over the past decade, with a 40% revenue CAGR since 2018.

• 2026 revenue guidance of $755-785 million and EBITDA of $545-565 million; targeting over $2.1 billion annual recurring revenues by 2028.

• Raised $5.7 billion in the last 24 months to finance growth, including project finance, equity, and tax equity partnerships.

Energy storage and U.S. market expansion

• Energy storage portfolio expanded to 69 GWh, with 17.9 GWh in the mature portfolio, representing 48% of expected mature portfolio revenues.

• U.S. portfolio totals 27.5 FGW, with 19.9 FGW having completed system impact studies and 13.2 FGW securing Safe Harbor status.

• Major U.S. projects include the Co Bar Complex (1.2 GW + 4 GWh) and Snowflake A (594 MW + 1.9 GWh), both with long-term PPAs and double-digit unlevered returns.

• Recent operational milestones include doubling the U.S. operating portfolio with Roadrunner and Quail Ranch projects.