Grenergy Renovables S A : Presentación de resultados 1Q23 en Enero-Marzo

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HIGHLIGHTS

BUSINESS REVIEW

FINANCIAL REVIEW

ESG REVIEW

OPERATIONAL

EXECUTION

14.0GW Total Platform (+1.5GW qoq)

1.8GW in Operation & U/C 9.8GWh Storage pipeline

728MW PPAs in 1Q23 (1.4GW in total) €2.0bn revenues globally contracted 1.5GW PPAs under negotiation

B2S of 21.6MW in Chile (2 PMGDs) Valkyria (1.1GW) process on track

FINANCIAL

PERFORMANCE

Revenues €96.0m (+105% yoy)

EBITDA €14.3m (+94% yoy)

Net income €4.9m (+15% yoy)

Total capex €77.6m

Declining module and logistic costs

IRRs stable at double digits

Net debt (exIFRS16) €445m

Leverage 7.9x

Fully funded for 2023-24

ESG

Q1 objectives of 2023 ESG Roadmap

accomplished

First Sustainability report 2022

audited without deviations

Top-ranked in ESG ratings

by ISS, CDP, MSCI and

Sustainalytics

HIGHLIGHTS BUSINESS REVIEW

PLATFORM OVERVIEW

FINANCIAL REVIEW

ESG REVIEW

1Q23

14.0 GW

Identified Opportunities

3,782MW

Early Stage

5,873MW

Advanced Development

2,247MW

Backlog 235MW

Ready to Build

FY22

+1.5GW

2027

-619MW

+2,062MW 2026

+91MW 2025

-222MW

2024

USA

Solar 4.0 GW

Storage 3.0 GWh

LATAM

In Operation & U.C.

1.0 GW

Solar 4.2 GW

Europe

In Operation & U.C.

0.80 GW

Solar 4.4 GW

Under Construction

1,073MW

In operation

762MW

+172MW

+50MW

2023

Wind 0.6 GW

Storage 4.0 GWh

Storage 2.8 GWh

HIGHLIGHTS BUSINESS REVIEW

SOLAR & WIND PIPELINE UPDATE

FINANCIAL REVIEW

ESG REVIEW

• Solar PV portfolio of 12.6GW (+1.7GW qoq)

✓ 702 in operation (+50MW qoq from Belinchón)

• 1.1GW under construction (+172MW qoq from Ayora & JC)

✓ Wind portfolio of 640MW (-200MW qoq)