Grenergy Renovables (GRE) Investor presentation summary

Strategic growth and platform expansion

• Multi-GW storage platforms established across Europe, LATAM, and the USA, with a total pipeline of 12 GW solar PV and 71 GWh storage, including 2.2 GW PV and 8.6 GWh in operation or under construction.

• Vertically integrated model enables efficient project development, construction, and asset management, supporting over 100 plants globally.

• Oasis Platforms in Chile, Central Chile, and Iberia target 5 GW PV and 22 GWh storage by 2028, with significant CAPEX diversification and asset rotation funding growth.

• Greenbox is positioned as the largest BESS platform in the EU, with a 30 GWh pipeline and advanced projects in Spain, Italy, UK, Poland, and Germany.

• U.S. Southeast market gains momentum, driven by AI and data center demand, with over 1 GW of projects under Safe Harbor and new hybrid PPAs.

Financial performance and capital management

• EBITDA grew from €4m in 2015 to €201m in 2025, with annual CAPEX rising to €880m and equity reaching €415m.

• €2.6bn project finance closed since 2019, with €63m in share buybacks and €0.8bn asset rotation proceeds targeted for 2025-2027.

• Investment plan for 2026-2028 includes €3.7bn CAPEX, funded by €2.8bn project finance and €0.8bn asset rotation, maintaining net debt/EBITDA below 7x.

• Multiple green bonds and structured finance deals executed, including landmark BESS M&A transactions and project financings with top international banks.

Business model and revenue visibility

• Over 6.8 TWh of PPAs and 4.2 GWh of capacity signed since 2019, with €5.3bn in contracted revenues and 80% of revenues secured through long-term agreements.

• GR Power enables origination of 24x7 PPAs, targeting >4 TWh/year by 2028 and serving over 165 clients.

• Revenue stack in Europe leverages tolling agreements, capacity payments, and ancillary services to maximize BESS profitability.