Romande Energie Holding Sa · SIX:REHN
Romande Energie Holding Sa — H1 2026 Earnings Presentation
22 slides from Romande Energie Holding Sa's earnings presentation, Sep 3, 2026
Slide 1: Half-year results
Half-year results Morges, 3 September 2026
Slide 2: Send your questions to:
Send your questions to: [email protected] Speaking today: François Fellay Nicolas Conne CEO CFO
Slide 3: H1 2026 results
H1 2026 results
Slide 4: Key figures H1 2026
Key figures H1 2026 CHF m EBITDA 98 + 27 Strong performance from the Markets and Energy Swiss GAAP FER EBIT 46 BUs, driven by the energy supply margin + 24 Net profit 47 Alpiq contribution of CHF 11m +7 CHF 37m in dividends to shareholders GWh Electricity Thermal Energy generation* 361 78 Partial re
Slide 5: Romande Energie
Romande Energie
Slide 6: Investments and developments
Investments and developments Grids: CHF 40m invested in the grid Wind power: Useroles wind farm acquired (19 MW) + construction of Les Muids (10 MW) (France) Agrivoltaic: 1st park in the canton of Vaud – the largest in Switzerland Hydro: green light for a new run-of-river hydropower plant in Champér
Slide 7: Context
Context
Slide 8: Geopolitical and European context
Geopolitical and European context Geopolitics Looking ahead to 2027, Romande Energie locked in annual power procurement before the conflict in the Middle East broke out. EU bilateral agreements Switzerland integrated into the European power market → cross-border trading and security of supply, w
Slide 9: Climate instability
Climate instability By 2050: + heatwaves, + droughts, higher river temperatures, declining glacial runoff and more irregular but more intense rainfall are all expected. Cooling: a new energy need to be addressed 2 GWh of cooling generated in 2025 by lake-water cooling plants. A natural, renewable re
Slide 10: Energy Strategy 2050 (Swiss Confederation) – intermediate status
Energy Strategy 2050 (Swiss Confederation) – intermediate status Solar deployment Wind Grids Energy efficiency –50% Wintertime security CO₂ emissions of supply by 2030 10
Slide 11: What we are doing
What we are doing Wind Grids Solar deployment 1 park in Sainte-Croix (VD) Constant grid reinforcement 1 ongoing project and modernisation Installed capacity: we rank (17 wind turbines – VD) Smart meters: target reached 4th in Switzerland 6 parks in France 2 years ahead of schedule 7 new solar contra
Slide 12: Financial results H1 2026
Financial results H1 2026
Slide 13: Increased operating profitability
Increased operating profitability 407 CHF m 386 98 CHF 11m = Alpiq's contribution 71 to our bottom line 46 47 40 22 24 12 18% 24% 6% 11% 10% 12% Operating revenue EBITDA EBIT Share of profit from Net profit associates 52 90 109 83 Half-year figures 2025 2026 Cash flow from operations CAPEX 13 2025 f
Slide 14: EBITDA up in H1 2026
EBITDA up in H1 2026 ‘Gowe CHF m 7 1 4 98 6 7 Le ~ er) oe ao e oe go > & v Gi Ke) > wor cS we <o° co oe ow? e 14
Slide 15: Contribution from all Business Units
Contribution from all Business Units Two complementary performance drivers CHF m Energy Markets • Strong improvement in the energy supply margin: tariff adjustments, lower balancing- power costs and discontinuation of the average 67 69 price method • Positive contribution from Forces Motrices 22 28
Slide 16: Contribution from all Business Units
Contribution from all Business Units Grids stable – Business Solutions growing CHF m Grids Building Solutions 156 161 • Growth driven by building energy renovation • Supporting the energy transition: University of Lausanne project 48 47 82 68 31% 29% Operating revenue EBITDA 0 1 1% Operating • Solid
Slide 17: Cash flow from operations doubled, investments aligned with strategy
Cash flow from operations doubled, investments aligned with strategy CHF m 109 • Higher EOS 90 • Continued grid Holding dividend 83 40 investment confirmed 40 Power Grids • Expansion of district • Improved energy 52 17 heating networks supply margin 19 Heating / cooling • 2025: acquisition of 7 8 El
Slide 18: Outlook
Outlook • Capital expenditure maintained at a high level • Second-half performance traditionally softer • Continued vigilance regarding weather, geopolitical and macroeconomic risks • The Group remains confident in its outlook for the full year • On track with the 2030 value-creation trajectory Adju
Slide 19: Next events
Next events
Slide 20: Calendar
Calendar 2027 • 2026 full-year results, Lausanne 24 March 2027 • Investor meeting, Zurich 25 March 2027 • Annual General Meeting of Shareholders 12 May 2027 • 2027 half-year results 9 September 2027 20
Slide 21: Send your questions to:
Send your questions to: [email protected]
Slide 22: Thank you for listening
François Fellay CEO Thank you for listening Nicolas Conne CFO