ContourGlobal — Debt Investor Presentation (July 2025)
19 slides from ContourGlobal's debt investor presentation, Jul 31, 2025
Slide 1: Bondholder Presentation
Bondholder Presentation 31 July 2025
Slide 2: Disclaimer
Disclaimer The information contained in these materials has been provided by ContourGlobal Limited (“ContourGlobal” or the “Company”) solely for use at the presentation of the Company’s results in respect of the half year ended 30 June 2025 and has not been independently verified. For the purposes o
Slide 3: Proposed Agenda
Proposed Agenda 1 Key Highlights for H1 2025 2 Operations 3 Financial results 3
Slide 4: Continued strong cash generation and executing on strategic growth
Continued strong cash generation and executing on strategic growth LTIR1 EAF%2 Adjusted EBITDA CFADS (LTM) 0.07 91.9% $414m $352m 0.09 in ‘24 94.3% in ‘24 $400m at HY24 $363m in ‘24 CG continues its growth journey in accordance with our strategy and clearly defined priorities – coal phase out, RES
Slide 5: 2. Operations
2. Operations CSP Concentrated Solar Power Plant (Spain) 5
Slide 6: Solid Operational Performance in 2025
Solid 2 Operational Performance in 2025 Good performance maintaining availability commitments and undertaking key projects Thermal – Equivalent Availability Factor1, 4 (%) Wind – Equivalent Availability Factor1,2 (%) 94.40% 93.90% 93.5% 97.6% 97.2% 97.3% 91.7% 91.1% 90.1% 96.7% 96.5% 96.5% 2020 2021
Slide 7: Renewable fleet capacity factors
Renewable fleet capacity factors Overall consistent level year-on-year performance with Vorotan improvement in resources and early commissioning of Chilean solar plants. Wind impacted by low resource Renewable fleet capacity factors - 2025 vs. 2024 45.6% 40.9% 29.8% 28.1% 25.2% 19.7% 19.3% 17.9% 15.
Slide 8: 3. Financial results
3. Financial results CSP Concentrated Solar Power Plant (Spain) 8
Slide 9: Continued strong cash generation to be utilised for growth
Continued strong cash generation to be utilised for growth Adjusted EBITDA impacted whilst the portfolio repositions and we execute renewables growth strategy • Maritsa PPA contract ended in February 2024 with minimal coal production from the plant since. Projects ongoing to repurpose 454MW of Marit
Slide 10: Adjusted EBITDA of $414m impacted by portfolio evolution, but continued strong cash generation
Adjusted EBITDA of $414m impacted by portfolio evolution, but continued strong cash generation Increase Decrease Total 440.0 420.0 24.2 413.5 6.6 (1.9) (0.6) 400.0 400.0 (8.6) (6.3) 380.0 360.0 340.0 320.0 300.0 H1 2024 Scope Availability Dispatch Commercial Other income FX H1 2025 Scope ↑$6.6 main
Slide 11: Liquidity and Net corporate leverage
Liquidity and Net corporate leverage Pro forma Net Debt/Adj. EBITDA is 5.1x as of June 30, 2025 and Net Corporate leverage is 4.0x due to the refinancing of the €500m tranche of Midco at corporate (green bond) June-25 liquidity ($m) June-25 net debt ($m) Net Debt/Adjusted EBITDA (x) 1,518 4,456 360
Slide 12: Impact of the 'Big Beautiful Bill' and US tariffs, uncertainty remains
Impact of the ‘Big Beautiful Bill’ and US tariffs, uncertainty remains ‘Big Beautiful Bill’ For our existing US development projects we are evaluating our timelines in order to meet the ‘construction start’ or the ‘project in service’ requirements in order to be eligible for ITC/PTC credits. We be
Slide 13: Appendix
Appendix Vorotan HPP (Armenia) 13
Slide 14: Financial Highlights
Financial Highlights Key financial metrics Financial Highlights ($m) H1 2025 H1 2024 Var Var % Revenue 804 873 -69 -8% Gross profit 226 241 -15 -6% Adjusted EBITDA1 414 400 14 4% Proportionate EBITDA1 368 347 21 6% Income from operations 224 171 53 31% Net finance cost -132 -97 -35 36% Profit before
Slide 15: Contributors to Adjusted EBITDA
Contributors to Adjusted EBITDA Contributors to Adj. EBITDA 2022A 2023A 2024A H1 2025 H1 2024 Contributors from the Americas Brazil Hydro 22 - - - - Brazil Wind 46 49 15 - 15 Caribbean 35 39 32 15 17 Colombia 26 54 124 27 60 Mexico CHP 129 120 130 71 70 Peru Wind 37 32 41 17 17 Chile - - - 7 - US As
Slide 16: Contributors to Proportionate Adjusted EBITDA
Contributors to Proportionate Adjusted EBITDA Contributors to Prop. Adj. EBITDA 2022A 2023A 2024A H1 2025 H1 2024 Contributors from the Americas Brazil Hydro 16 - - - - Brazil Wind 31 32 8 - 9 Caribbean 35 39 32 17 17 Colombia 26 45 107 21 53 Mexico CHP 129 120 130 71 70 Peru Wind 37 32 41 17 18 Chi
Slide 17: ContourGlobal Portfolio
ContourGlobal Portfolio Gross ContourGlobal Segment1 Facility / Project Name Location Cap. Number of Assets Fuel Type1 Ownership COD Power Purchaser PPA Expiration (MW) Arrubal Spain 800 1 Natural Gas 100% 2005 Merchant plant Expired Hobbs United States 604 1 Natural Gas 100% 2008 Southwestern Publi
Slide 18: Definitions on Non-IFRS metrics
Definitions on Non-IFRS metrics • Adjusted EBTIDA is a non-IFRS measure and is defined as profit for the period from continuing operations before income taxes, net finance costs, depreciation and amortisation, acquisition, disposal and other transaction related items, and specific/material items whi
Slide 19: For further information please visit www.contourglobal.com
FOR FURTHER INFORMATION PLEASE VISIT WWW.CONTOURGLOBAL.COM Strictly Confidential 19
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