ContourGlobal — FY2025 Earnings Presentation
24 slides from ContourGlobal's earnings presentation, April 2026
Slide 1: Bondholder Presentation
Bondholder Presentation April 2026
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 year ended 31 December 2025 and has not been independently verified. For the purposes of
Slide 3: Proposed Agenda
Proposed Agenda •1 Key Highlights for 2025 •2 Operations •3 Financial results •4 ESG at the heart of CG Strategy 3
Slide 4: 2025 – Strong cash generation whilst repositioning the portfolio for strategic growth
2025 – Strong cash generation whilst repositioning the portfolio for strategic growth LTIR1 EAF%2 Adjusted EBITDA CFADS 0.15 94.0% $790m $356m 0.09 in ‘24 94.3% in ‘24 $774m in ‘24 $363m in ‘24 CG has continued executing on its next chapter of growth based on clearly defined priorities, set since
Slide 5: 2. Operations
2. Operations
Slide 6: Solid Operational Performance Driving Cost Efficiencies
Solid Operational Performance Driving Cost Efficiencies • Performance across the Thermal fleet consistently above the weighted average PPA minimum availability requirement • Strong performance in Solar CSP and Wind • High portion of insourced activities resulting in higher direct control over operat
Slide 7: Renewable fleet capacity factors
Renewable fleet capacity factors Consistent level year-on-year performance for wind and improved performance in Vorotan; Solar impacted by resource and curtailment for 1 CSP asset; improved performance on hydros Renewable fleet capacity factors – 2025 vs. 2024 45.6% 44.9% 28.1% 24.3% 24.1% 25.0% 19.
Slide 8: 3. Financial results
3. Financial results
Slide 9: Continued strong cash generation to be utilised for growth combined with coal exit
Continued strong cash generation to be utilised for growth combined with coal exit Consistent EBITDA performance as the Group executes on its strategy on renewables and repositions the portfolio • Key disposals undertaken in 2025 as part of the strategic repositioning of the portfolio; Energie Saint
Slide 10: Adjusted EBITDA of $790m driven by portfolio change, continued strong cash generation
Adjusted EBITDA(1) of $790m driven by portfolio change, continued strong cash generation 800 12 790 63 780 774 (4) 760 740 19 (48) 720 (15) (12) 700 680 ↑$19.1m mainly driven by Redwood (+$42.4m) higher ($14.9)m mainly driven by growth of the $62.9m mainly due to gain ($47.5)m mainly due to the ($11
Slide 11: Liquidity and Net corporate leverage
Liquidity and Net corporate leverage Net Debt/Adj. EBITDA is 5.1x(5) as of December 31 (adjusted to reflect the full year impact of acquisitions and disposals or to reflect the full contribution of construction projects) and Net Corporate leverage is 3.9x. December-25 liquidity ($m) December-25 liqu
Slide 12: Key 2025 growth events and Recent Developments
Key 2025 growth events and Recent Developments Continued focus on phasing out coal-based power generation as a leading energy transition platform Key Transactions of 2025 2026 Recent Developments • Key transactions reflect the new strategy including portfolio decarbonization and • Continuous focus o
Slide 13: 4. ESG at the heart of CG strategy
4. ESG at the heart of CG strategy
Slide 14: Sustainability KPIs
Sustainability KPIs Delivering on our commitments with significant reduction of our CO2 intensity • Accelerating exit from coal by reducing CO2 energy intensity by more than 30% since 2022 with negligible EBITDA contribution in 2025 – Bulgaria transition: 2 of the plant’s 4 units were placed in rese
Slide 15: Appendix
Appendix
Slide 16: Stable Long-Term Contracted / Regulated Revenues
Stable Long-Term Contracted / Regulated Revenues 8+ years weighted average contract life with 98% Adj. EBITDA from Investment Grade off-takers or backed by PRI Remaining Contracted / Regulated Life by Asset (Years)1 % of Total Estimated Adjusted Ebitda contracted in 2025 Crown - BHS I 21 Quest 15 8%
Slide 17: Strong Protection Against Inflation and Taking Advantage from Interest Rate Fluctuations
Strong Protection Against Inflation and Taking Advantage from Interest Rate Fluctuations Inflation on costs more than compensated by inflation protections Fixed interest rate and cash remuneration • ~86% of total debt is with fixed interest rate1 providing significant protection • ~66% of asset Adj.
Slide 18: Financial Highlights
Financial Highlights Key financial metrics Financial Highlights ($m) 2025A 2024A 2023A Var Var % Revenue 1,562 1,796 2,363 (234) (13%) Gross profit 430 407 525 23 6% Adjusted EBITDA1 790 774 919 16 2% Proportionate EBITDA1 694 677 766 17 3% Income from operations 411 269 421 143 53% Net finance cost
Slide 19: Contributors to Adjusted Ebitda
Contributors to Adjusted Ebitda Contributors to Adj. EBITDA 2023A 2024A 2025A Contributors from the Americas Brazil Wind 49 15 - Caribbean 39 32 31 Colombia 54 124 39 Mexico CHP 120 130 136 Peru Wind 32 41 40 Chile - - 27 US Assets 87 71 109 Contributors from Europe Arrubal 85 74 64 Austria Wind 42
Slide 20: Contributors to Proportionate Adjusted Ebitda
Contributors to Proportionate Adjusted Ebitda Contributors to Prop. Adj. EBITDA 2023A 2024A 2025A Contributors from the Americas Brazil Wind 32 8 - Caribbean 39 32 31 Colombia 45 107 29 Mexico CHP 120 130 136 Peru Wind 32 41 40 Chile - - 27 US Assets 87 71 109 Contributors from Europe Arrubal 85 74
Slide 21: Contributors to CFADS
Contributors to CFADS Contributors to CFADS 2023A 2024A 2025A Contributors from the Americas Brazil Wind 7 58 - Caribbean 40 7 -4 Colombia 29 74 74 Mexico CHP 29 127 40 Peru Wind 14 5 15 US Assets 50 58 261 Contributors from Europe Arrubal 74 38 25 Austria Wind 41 6 47 Maritsa East III 85 7 (21) Sol
Slide 22: ContourGlobal Portfolio
ContourGlobal Portfolio Facility / Project Name Location Gross Cap. (MW) Number of Assets Fuel Type1 Ownership COD Power Purchaser PPA Expiration Arrubal Spain 800 1 Natural Gas 100% 2005 Merchant plant Expired Hobbs United States 604 1 Natural Gas 100% 2008 Southwestern Public Service 2033 Maritsa
Slide 23: Definition on Non-IFRS metrics
Definition 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, project development costs, restr
Slide 24: For further information please visit www.contourglobal.com
For further information please visit www.contourglobal.com