Doral Group Renewable Energy Resources Ltd · TASE:DORL
Doral Group Renewable Energy Resources — Q1 2026 Earnings Presentation
31 slides from Doral Group Renewable Energy Resources's earnings presentation, June 2026
Slide 1: Earnings Presentation Q1 2026
Hagoshrim Earnings Presentation Q1 2026
Slide 2: Legal Clarification
Legal Clarification This presentation from Doral Renewable Energy Resources Group Ltd. (hereinafter: “the Company”) was It is hereby clarified that the stated in this presentation includes from time to time reference to forecasts, prepared as a general presentation about the Company’s activities, an
Slide 3: Q1 2026 Key Highlights
Hagoshrim Q1 2026 Key Highlights* Momentum of connections Financial Developments and Business Development and construction5 Highlights in the Group 1.8 GWp + 1.7 GWh 186% representative project EBITDA 1 GWp added to mature connected2 YoY*** pipeline Building permit issued for Buckheart Project ~Addi
Slide 4: Global Pipeline
Global Pipeline* 4,5 Solar GWp 29 GWh Storage GWh )18. 7 GWh)** Mature 26 GWp pipeline1 (11.3 GWp)** 19 GWh 15 8 GWp 5.6 GWh GWp (3 GWp) (3.9 GWh) 4.3 3.4 GWh 3 2.7 GWp 1.8 1.9 GWp 2 GWp 1.7 GWh GWp GWh GWh Connected 2 Under construction / Mature advanced Additional advanced Under development Total
Slide 5: Projected results of mature projects and electricity trading
Projected results of mature projects1 and electricity trading4,5,6* adjusted share of the Company** Revenues EBITDA FFO Project and electricity trading (ILS millions) excluding Project and electricity trading (ILS millions) Project and electricity trading (ILS millions) tax equity revenue (ITC) excl
Slide 6: ~ILS 1.8B projected annual EBITDA from mature pipeline and tax credit projects
Mammoth North ~ILS 1.8B projected annual EBITDA from the mature pipeline and projects eligible for tax credits Breakdown of projected annual EBITDA from the mature pipeline and tax- advantaged projects*6 (ILS millions, Company’s adjusted share**) 797 547 1,838 Mature development And projects eligibl
Slide 7: Israel Operations
Israel Israel Operations Ma’ale Gilboa Agro
Slide 8: Raising Renewable Energy Targets in Israel
Raising Renewable Energy Targets in Israel Electricity Authority’s renewable energy target Projected market storage capacity (GWh) 35% 2030 ~33 GWh Projected installed Renewable energy storage capacity of by 2035 by end of decade Doral’s connected solar and storage ~14 GWp Required additional capaci
Slide 9: Doral Israel Leading. Executing. Accelerating.
Doral Israel Leading. Executing. Accelerating. Israel’ss largest solar and storage pipeline 820 MWp + 1,651 MWh 300+ partnerships with cities connected2 in Israel and towns ~1,600 MWh + 215 MWp in construction and pre- construction in Israel Hadarei She’an Project Positive grid interconnection study
Slide 10: Hadarei She'an - green power plant in Emek HaMa'ayanot
Hadarei She’an - green Interconnection power plant in Emek approval for integrating ultra- high voltage storage HaMa'ayanot4,5 ~400 MWh Expected Installed commercial Construction capacity operation* costs 175+722 2026 803 Mwp Mwh (million ILS) Kibbutzim in Anticipated Anticipated partnership revenue
Slide 11: Ultra-High Voltage National Infrastructure Projects
Doral is Spearheading 11 Ultra-High Voltage National Infrastructure Projects with a Combined Capacity Upwards of 2.5 GWp and 7.5 GWh 8 of the projects have secured government resolutions or are in advanced stages of official designation as national infrastructure projects Golan Heights Partnership w
Slide 12: Doral's green energy supplier
Yotvata Doral’s green energy supplier5 Green power leader Projected sales of over 50 1.8B KWh in 2026 Customers (equivalent to the combined power consumption of Beer Sheva and Haifa) ~ILS 23 million Projected annual EBITDA for 2026 ~ILS 56 million Projected annual EBITDA from the mature pipeline1 12
Slide 13: Doral-Ampa Strategic Data-Center Partnership
Doral-Ampa Strategic Data-Center Partnership* Competitive advantages in a growing market Strategic pipeline Access to grid connections, development of data centers in high-demand areas and adjacent to the Company's facilities facilitie Advancement and development of ~10 data centers, including withi
Slide 14: U.S. Operations
United States U.S. Operations Great Bend
Slide 15: Doral LLC - a Key Player in the U.S. Market
Doral LLC - a Key Player in the U.S. Market 3,600 MWp + 340 MWh connected and in construction and pre-construction Operating in Operati 18 GWp Total project pr capacity 4 GWh Total storage capacity Tot 24 states Mammoth North 15
Slide 16: Spotlight on Doral LLC's Activity in the Coming Years
Spotlight on Doral LLC’s ~ 7.9 + ~2.5 Activity in the Coming Years GWp GWh Mature pipeline and advanced adva development Substantial pipeline expected to yield over US$800 million in EBITDA* 3,126 2029-2030 Maximum expected COD year Solar GWp Storage GWh 2,353 ~ 7.4 + ~2.5 1,845 GWp GWh Secured or a
Slide 17: The U.S. Power Market: A New Era for Renewable Energy
The U.S. Power Market A New Era for Renewable Energy A paradigm shift in power demand 77 GW in projected additional capacity growth driven by data centers (TWh) by 2030, fueled by rising demand 5,675 ~32.4 GW ~32.0 GW 3,765 ~13.2 GW Historic Load BusinessasUsual Data Center Demand Electric Vehicle
Slide 18: U.S. Pipeline
Great Bend U.S. Pipeline5 A key growth engine for the coming years COD Capacity (MWp / MWh) Mammoth North 2024 480 Operating Great Bend 2025 61 Mammoth North Mammoth Central I 2026 376 Mammoth Central II 2026 376 Under Construction / Mammoth South 2026 376 Pre-Construction Cold Creek 2028 552/340 Vi
Slide 19: European Operations
Europe European Operations URUP
Slide 20: Strategic Milestone for Doral in Europe
Strategic The Phoenix partnering in the Zephyrus transaction Milestone for Equity investment of ~ILS 111 million for Financing totaling ILS 400 Doral in an 18% holding in the SPC holding Zephyrus million provided for the Europe * Based on Zephyrus’ share price prescribed in the acquisition acquisiti
Slide 21: Doral Europe: Growth and Expansion in the European Market
Doral Europe* Growth and Expansion in the European Market 467 MWp connected2 and in construction or pre-construction Denmark MWp60 Poland Total project backlog: 383 MWp** 2,516 MWp + Romania 600 MWh 15 MWp Italy 9 MWp * The data include data for Zephyrus projects. See Zephyrus Note on Slide 3. 21 **
Slide 22: Financial Results
Financial Results Hagoshrim
Slide 23: Key financial data
Key financial data3 Key Highlights of the Consolidated Liquidity* Net assets, stand-alone report Statements of Financial Position ILS millions ILS millions ILS millions 4,262 Additional 31.3.2026 31.3.2025 31.12.2025 financing facilities linked to project milestones lesto Cash, cash Equity-to- Cash
Slide 24: Renewable Energy Driven by People
RENEWABLE ENERGY DRIVEN BY PEOPLE [email protected] | www.doral-energy.com Ma’ale Gilboa
Slide 25: Commercially operated projects
Commercially operated projects4,5 Bid processes for feed- in tariff PV facilities, tariff PV facilities Gound- Gound- connected after 2014, Market regulation PV Feed-in tariff PV mounted PV mounted PV and net meter facilities combining facilities connected up facility in the facilities in regulation
Slide 26: Projects ready for connection
Projects ready for connection4,5 Investment Projected Total Total percentage percent Total Projected balance / Guaranteed projected CapEx holding Guaranteed Guaranteed tariff period installed projected Projected Total invested Projected tax equity expected tariffs tariff capacity storage commercial
Slide 27: Projects under construction or in pre-construction
Projects under construction or in pre-construction4,5 Investment Projected Total Total Total percentage percent Total Projected balance / Guaranteed projected projected CapEx tax equity holding tariff period installed projected Projected construction invested Projected expected Guaranteed Guaranteed
Slide 28: Projects in advanced mature development phases
Projects in advanced mature development phases4,5 Investment Projected Total Total percentage percent projected Total projected Projected balance / Guaranteed Guaranteed installed projected Projected construction Total CapEx Projected tax equity expected holding tariff period Projected Projected Pro
Slide 29: Additional projects in other advanced development phases
Additional projects in other advanced development phases4,5 Guaranteed Total installe installed Projected Total Total CapEx Guaranteed tariff period commercial projected Guaranteed (as from capacity Total storage invested to tariffs tariff linkage commercial (MWp or MW, as capacity operation constru
Slide 30: Projects in development
Projects in development4,5 Market Market regulation Types of regulation ultra-high Solar + systems and high voltage voltage in Solar in Storage in Solar in Solar in Solar in the storage in the regulations in Israel Israel Solar in Italy Poland Poland Romania Denmark USA USA Biogas Total Technology P
Slide 31: Notes
Notes * For additional information regarding data attributed to Zephyrus included in this presentation, revenues, including revenues of project corporations from sales of electricity to the electricity see the Zephyrus report for the first quarter of 2026, attached as an appendix to the Quarterly su
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