Econergy Ltd · TASE:ECNR
Econergy — Q2 2026 Earnings Presentation
35 slides from Econergy's earnings presentation, August 2026
Slide 1: Econergy Q2-2026 investors presentation
OPEN & CLOSE SLIDE Econergy Q2-2026 investors presentation August 2026
Slide 2: Limitation of liability
Limitation of liability Investors Presentation Q2-26 The purpose of this presentation is to present Econergy Ltd. (the "Company”) and it realization or non-realization will be affected, among other things, by risk factors that is intended for the provision of information only. This presentation does
Slide 3: Significant progress in our portfolio during 2026
Significant progress in our portfolio during Investors Presentation Q2-26 2026 13GW Company portfolio 1.3GW Under construction 1GW Connected and RtC (up from 0.6GW) 61MW Connected to the grid 280MW Completed construction during the year and on schedule * As of the report date 3
Slide 4: Major 2026 milestones
Major 2026 milestones Investors Presentation Q2-26 Strong momentum in expanding operations and strengthening growth engines(*) M&A FR Wind Platform €825m in Debt and Joined TA-90 Index Equity Strategic acquisition adding ~741 Strengthened financial capacity to Ranking among TASE’s 125 largest MW to
Slide 5: The core levers of Econergy's strategy
The core levers of Econergy's strategy Investors Presentation Q2-26 Local developer Accelerated growth Storage-led growth Diversification DNA Local management Proven execution Storage integration Market and technology throughout the value chain capabilities and a global enhances returns and diversif
Slide 6: Large scale portfolio supporting growth forecasts
Large scale portfolio supporting growth Investors Presentation Q2-26 forecasts A leading EU-focused renewable energy platform* 13.2GW Advanced portfolio: connected, ready to connect, under 3.2 construction and pre-construction 6.5 3.6 1.2 13.2 12 months to construction 1.3 1.0 Connected & Under cons
Slide 7: 2026 portfolio evolution
2026 portfolio evolution Investors Presentation Q2-26 A leading EU-focused renewable energy platform* 509MW 13.2GW Advanced portfolio: connected, ready to connect, under 1,010MW 3.2 construction and pre-construction Growth compared to Q4-25 6.5 137MW 3.6 1.2 281MW 13.2 12 months to construction 1.3
Slide 8: 1.3 GW under construction, with all required equity secured
1.3 GW under construction, with all required equity Investors Presentation Q2-26 secured Expected connection dates for projects U/C(1) 2026 2027 2028 Total 623 1,332MW 2.3GW connected, RfC & U/C 493 861 1.3 GW under 589 110 20 construction, with 249 the required 157 268 equity already 49 120 100 69
Slide 9: Accelerated growth in connections and construction
Accelerated growth in connections and Investors Presentation Q2-26 construction Advancing to the next growth phase with 1-2 GW of annual construction starts Connected and under construction (GW)(*) (1) Connected & ready to 5.7 connect Under construction 4.5 2.0 CAGR +50% 2.1 3.0 2.0 1.7 3.7 0.9 1.3
Slide 10: Advanced portfolio with €295M revenues
Advanced portfolio with €295M revenues Investors Presentation Q2-26 (company share)(1) Advanced portfolio 13.2GW connected, ready 3.2 to connect, under construction and 3.6 6.4 pre-construction 1.2 1.3 1.0 Connected & Under construction* Pre-construction Advanced portfolio Advanced development Devel
Slide 11: Strong portfolio translates into significant growth
Strong portfolio translates into significant Investors Presentation Q2-26 growth Electricity sales results forecast, 100% in € Millions (1, 2, 3) Excluding revenues from asset management services, construction services, and development disposals Revenues EBITDA FFO 413 (295 335 ) (238 240 184 ) (171
Slide 12: French M&A of Escofi, local wind platform
French M&A of Escofi, local wind local platform Investors Presentation Q2-26 100% acquisition to capture value across the value chain(5) • 741 MW development pipeline • Significant component of secured revenues • 162 MW connected and U/C • 147 MW of advanced development • Strong and established mana
Slide 13: France: growth, stability and government contracts
Investors France: growth, stability and government contracts Presentation Q2-26 French wind benefits from dual support: structural electricity demand & stable revenue mechanisms Supportive macro Revenue certainty Competitive Wind market growth financing Aging nuclear fleet and EU Inflation-indexed C
Slide 14: Escofi: strong base, large pipeline & attractive multiple
Escofi: strong base, large pipeline & attractive Investors Presentation Q2-26 multiple Significant Attractive multiple Resilient Growth portfolio € 236M Enterprise Value 50MW 128 34 Operational U/C Contracted income 90%+ of operational and €134m equity, €102m debt won CfD 147 Adv. Dev* U/C projects
Slide 15: EU power market transformation creating challenges
Investors EU power market transformation creating challenges Presentation Q2-26 1 Europe embraces 2 Renewables create 3 Storage: the new renewables challenges baseload Increasing number of negative-price Renewables as a share of total Bridges the supply-demand gap hours electricity generation 54% Ba
Slide 16: Econergy with a leading position in energy storage
Investors Econergy with a leading position in energy storage Presentation Q2-26 Well diversified, Strong Advanced With market-tailored Significant storage Portfolio ramp-up strategy (9) portfolio forecast(1) 4.2 Connected & RfC 0.2 Co-location across the portfolio to 3.3 enhance returns and add hedg
Slide 17: €825M in debt and equity raised in 2026
€825M in debt and equity raised in 2026(*) Investors Presentation Q2-26 January February March April May June July August €67M €136M €31M €166M €146M €50M €229M January, January, March, Ovidiu May, equity July, Series D July, August, equity Series C project debt raise(13) bonds, 5.01% Immingham Para
Slide 18: Financial strength coupled with disciplined policies
Financial strength coupled with disciplined Investors Presentation Q2-26 policies Equity Debt 47% Significant fundraising of Balanced mix of sources €825m since beginning of through capital, bonds, project 2026* financing Debt to equity Stable A3.il rating by ratio Midroog (Moody's) for the Growth i
Slide 19: Appendixes
dividers Appendixes
Slide 20: Balanced geo diversification across key EU markets
Balanced geo diversification across key EU Investors Presentation Q2-26 markets UK Germany 19 projects 3 projects 82 Poland 400 36 projects Development 1,463 100 1,368 Advanced 280 500 997 development 268 Pre-construction 249 90 52 Under construction 2,183 2,666 Operating and ready to Romania connec
Slide 21: Romania: market leadership, storage integration
Investors Romania: market leadership, storage integration Presentation Q2-26 Leading player in RO market Co-location strategy Positive macro developments A leading early mover in the Storage integration with Maturing market with regulatory Romanian market (GW)(1) significant benefits(1) and commerci
Slide 22: UK: storage-focused strategy in a renewables led market
UK: storage-focused strategy in a renewables Investors Presentation Q2-26 led market An early storage player in the UK, a market with strong storage fundamentals High renewables penetration Our portfolio is storage-led (MW), With meaningful near-term increases volatility and negative-price also depl
Slide 23: Poland: robust pipeline with strong revenue visibility
Poland: robust pipeline with strong revenue Investors Presentation Q2-26 visibility Significant portfolio in various stages of maturation Distribution License (MW)(1) (DSO) 320 DSO license secured for Resko, Under construction Significant growth enabling independent distribution Connected & RtC expe
Slide 24: Italy: market with significant potential
Investors Italy: market with significant potential Presentation Q2-26 A renewables platform in Italy with meaningful potential Significant renewables Significant growth expected penetration in Italy (MW) (1) Renewables as a share of total electricity generation 38% 503 Italy is a key growth market U
Slide 25: Strong growth expected in EU electricity demand
Strong growth expected in EU electricity Investors Presentation Q2-26 demand, alongside a material shift in its mix European electricity demand: expected to European Electricity Demand Forecast by Segment grow by 60% by 2040(1, 23) TWh, 2010-2040: 5.3 Existing uses expected to keep grow (1% p.a.) 3.
Slide 26: Significant potential in each of our target markets
Significant potential in each of our target Investors Presentation Q2-26 markets Installed capacity compared to national renewable energy targets PV Wind BESS PV Wind BESS (GW) (24) Actual 2025 Expected capacity addition 349 17 47 125 98 11 15 188 111 2 99 4 36 13 14 54 68 5 64 18 6 37 7 37 7 16.7 5
Slide 27: Ownership structure & partners' investments
Ownership structure & partners’ investments Investors Presentation Q2-26 Founders: Stakeholders: Eyal Podhorzer & Yoav Shapira Econergy Ltd. TASE: ECNR 79.26 % Econergy International Limited (UK) (Holding Company) 20.74% מצטברת של השקעת הון IG Fund RGreen Invest אירוCumulative מיליון137capi
Slide 28: Supportive macro environment
Investors Supportive macro environment Presentation Q2-26 Electricity Price Forecast for PV in Euro per MWh(25) Romania Italy Poland The forecast assumes 100 80 100 a decline in European 60 80 80 PV power prices over 60 the next decade, 60 40 driven by lower fuel 40 40 prices and rising 20 20 20 ren
Slide 29: Consolidated balance sheet as of 30.06.26
Consolidated balance sheet as of 30.06.26 (€ Investors Presentation Q2-26 millions) 30.06.2026 31.12.2025 Total Current Assets 305 120 Total Non-Current Assets 1,113 986 Total Assets 1,418 1,106 Total Current Liabilities 61 136 Total Non-Current Liabilities 708 530 Total Liabilities 769 666 Total Eq
Slide 30: Consolidated P&L as of 30.06.26
Consolidated P&L as of 30.06.26 (€ millions) Investors Presentation Q2-26 3 months ended June 30 6 months ended June 30 2026 2025 2026 2025 Revenue from operating activities 10 2 16 8 Revenue from realization of development - - - 27 Total revenues 10 2 16 35 Total expenses (14) (9) (27) (17) Operati
Slide 31: ESG - milestones and objectives
ESG - milestones and objectives Investors Presentation Q2-26 Econergy and its stakeholders pledge to adopt a corporate responsibility policy that Aligned with international encompasses environmental, economic, and social dimensions, recognizing their reporting standards: importance for the business'
Slide 32: Non-GAAP Index Definitions
Non-GAAP Index Definitions Investors Presentation Q2-26 EBITDA, FFO and FCF for the Company’s projects are Non-GAAP measures (i.e., non-accounting measures) and are not prepared in accordance with accounting standards. Certain companies are held (or expected to be held) with third-party partners, as
Slide 33: Footnotes
Footnotes Investors Presentation Q2-26 1. The Company’s estimates include forward-looking information, as of the date of publication of the next quarterly financial statements. 2. Average Revenues, Ebitda and FFO, from electricity sales only, are presented for the first five full years of commercial
Slide 34: Footnotes
Footnotes Investors Presentation Q2-26 16. For additional details, see immediate report dated 13.08.2026, reference no. 2026-01-075867 17. For additional details, see report dated 15.01.2026, reference no. 2026-15-006939, and further Rating Action from June 2026— see report dated 29.06.2026, referen
Slide 35: Thank you
OPEN & CLOSE SLIDE Thank you