Opc Energy Ltd. · TASE:OPCE
Opc Energy — Q2 2026 Earnings Presentation
32 slides from Opc Energy's earnings presentation, Aug 12, 2026
Slide 1: Earnings Presentation Q2 2026
Earnings Presentation Q2 2026
Slide 2: Legal Disclaimer
Legal Disclaimer Receipt of information from OPC Energy Ltd. (the “Company”) is subject to the terms of this legal disclaimer. English presentation is provided as unofficial translation for convenience purposes only. This presentation is provided solely for the purpose of delivering condensed inform
Slide 3: Q2 2026 Highlights – Strong Execution in Robust Power Markets
Q2 2026 Highlights(1) – Strong Execution in Robust Power Markets* Strong execution and favorable market dynamics are accelerating OPC’s growth trajectory. Near-Term Strong Execution Market Tailwinds Growth Opportunities ▪ Strong financial performance ▪ PJM Opportunities ▪ Growing power demand and su
Slide 4: Strong Results in Q2 2026
Strong Results in Q2 2026(1) Consolidated EBITDA after Consolidated Adjusted Net Income Consolidated FFO Proportionate Consolidation $ million $ million $ million +46% +580% +58% 34 131 90 57 90 5 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 1) For definitions, see slide 30. 4
Slide 5: Near-Term Strategic Projects of 9 GW and 4 GWh BESS
Near-Term Strategic Projects of 9 GW and 4 GWh BESS(1)* $13 billion diversified growth platform across the U.S. and Israel, with $7 billion fully funded. Additionally, renewable growth opportunities in the U.S., including 1.9 GW of safe-harbored projects. Hadera Safe Harbored Basin Ranch Ramat Beka
Slide 6: Israel
Israel
Slide 7: Data Center Growth Creates a Significant Opportunity
Data Center Growth Creates a Significant Opportunity* OPC is uniquely positioned to capture growing data center power demand through contracted offtake, strategic sites and potential new generation capacity. Rapidly Growing Data Center Power Demand OPC is Well Positioned to Capture the Opportunity
Slide 8: Key Near-Term Israel Growth Projects
Key Near-Term Israel Growth Projects* Advancing large-scale generation and BESS across construction and development. Hadera Expansion Ramat Beka Intel Under Construction Advanced Development Early Development 850 MW 550 MW + 3,850 MWh 600 MW CCGT PV + BESS CCGT Financial close achieved and EPC NTP
Slide 9: Hadera Expansion Project
Hadera Expansion Project* A large-scale CCGT project under construction, supported by long-term regulated capacity revenues. Asset Overview Asset Highlights Location Hadera Technology CCGT Capacity 850 MW(1) Construction: $1.3 billion (ILS 4 billion)(2) Est. Cost Land and related payments: $0.2 bill
Slide 10: Competitive Power Ventures
Competitive Power Ventures
Slide 11: Strong Tailwinds from the Business Environment
Strong Tailwinds from the Business Environment* Elevated spark spreads and capacity prices in PJM are driving substantial upside across CPV’s portfolio. CPV Natural Gas Portfolio High Capacity Prices in PJM(3) Weighted Average Spark Spread $/MWh) 47.6 43.3 600 $555 $530 500 32.2 $389 400 23.0 20.1 $
Slide 12: PJM Market Strength Supports Robust Growth and Financial Performance
PJM Market Strength Supports Robust Growth and Financial Performance* Increased ownership, load growth and data center demand are expected to support substential EBITDA growth in 2026-2027. Key Growth Drivers EBITDA Energy Transition Segment ▪ Buyout of minority interests in Shore, Maryland and $ mi
Slide 13: PJM Reliability Backstop Procurement (RBP) and Large Load Framework
PJM Reliability Backstop Procurement (RBP) and Large Load Framework* PJMPJM proposes complementary Board targets the 2028/2029pathways for BRA shortfall new and capacity establishes and IRAS forLarge Loads. new Large Loads without sufficient capacity RBP: Two Complementary Paths(1)(2) Large Load Rel
Slide 14: Key Near-Term U.S. Growth Projects
Key Near-Term U.S. Growth Projects* CPV is advancing several growth projects(1) and is well positioned to capitalize on the strong tailwinds in the business and regulatory environment. Safe Harbored Renewables Basin Ranch (ERCOT) Shay (PJM) Walker (PJM) (Diversified Footprint) Under Construction 202
Slide 15: Shay Project
Shay Project* Shay is the largest gas-fired project in PJM’s TC2 queue, benefiting from an advanced interconnection timeline, strong demand and regulatory tailwinds. Asset Overview Asset Highlights Strong electricity demand growth and high power prices West Virginia Proximity to abundant, low-co
Slide 16: Walker Project
Walker Project* Strategically positioned to capture growing data centers power demand. Asset Overview Asset Highlights Strong electricity demand growth and high power prices Ohio Proximity to abundant, low-cost natural gas resources Advantage Potential for strategic partnerships with hyperscal
Slide 17: Financials
Financials
Slide 18: EBITDA – Israel Segment
EBITDA – Israel Segment Continued stability in financial results. EBITDA Breakdown $ million 8 46 3 1 36 (2) EBITDA Q2 2025 Energy margin Operational availability Other Impact of translation to the EBITDA Q2 2026 U.S. dollar presentation currency 18
Slide 19: EBITDA – Energy Transition Segment
EBITDA – Energy Transition Segment EBITDA growth driven by higher energy margins and capacity revenues, together with increased ownership stakes. EBITDA Breakdown Hedging and Secured Capacity $ million 14 Net Energy Margin Hedged 6 86 4 13 (13) Jul-Dec 2026 2027 62 75% 34% Secured Capacity Revenues
Slide 20: EBITDA – Renewable Energy Segment
EBITDA – Renewable Energy Segment Continued growth in financial results due to continuous increase in operating capacity. EBITDA Breakdown EBITDA Growth $ million $ million Presented based on 100% of CPV Renewables’ results(1) Presented based on 100% of CPV Renewables’ results 5 16 76 (3) 14 11 43 9
Slide 21: Consolidated Net Income
Consolidated Net Income Increase in adjusted net income driven by the rise in EBITDA Net Income Breakdown $ million 12 41 2 (10) (6) (3) 34 (7) 15 (19) 3 5 2 Net income Other expenses, Adjusted net EBITDA after Profits of Depreciation and Financing Income tax Increase in Impact of Adjusted net Other
Slide 22: Prudent Financial Policy Supporting Long-Term Growth
Prudent Financial Policy Supporting Long-Term Growth Robust Financial Profile Adjusted Net Financial Debt and Leverage Ratio(2) $ million 3.1x(3) 3.0x 43%(1) Equity Ratio as of June 30, 2026 1,637 2,057 204 225 S&P Maalot: Upgraded to ilA+, 760 1,119 Stable Outlook Midroog: Reaffirmed A1.il and revi
Slide 23: Appendix A – Portfolio
OPc Appendix A — Portfolio
Slide 24: Substantial Growth Portfolio of 18.7 GW and 12.5 GWh BESS
Substantial Growth Portfolio(1)(2) of 18.7 GW and 12.5 GWh BESS* 10.5 18.7 Low Carbon Natural Gas Renewable Energy 6.9 8.3 Natural Gas (Energy Transition) 12.5 3.0 1.3 Early 0.6 0.6 8.6 2.4 1.3 5.4 Development 0.6 3.9 1.4 1.0 8.2 0.5 6.8 6.3 Advanced 5.0 3.4 3.9 Development In Commercial Advanced Sa
Slide 25: Appendix B – Key Events
Appendix B – Key Events
Slide 26: Key Business Events in the U.S. – H1 2026
Key Business Events in the U.S. – H1 2026* Continued execution momentum driven by project development, strategic partner buyouts and expansion of the pipeline. Jan Feb Mar Apr May Jun Jul/Aug Buyout of the remaining Buyout of the remaining Signing of a turbine Expansion of the Buyout of the remainin
Slide 27: Key Business Events in Israel – H1 2026
Key Business Events in Israel – H1 2026* Strong execution momentum driven by key project milestones. Mar May Jun Jul Publication of the Data center power supply Financial close and EPC Key equipment supply and government-approved plan expansion – long-term PPA NTP issued for EPC agreements signed, w
Slide 28: Key Financial Events – H1 2026
Key Financial Events – H1 2026* Expanded liquidity, improved financing terms and stronger credit positioning support continued growth. Jan Feb Mar May Aug $130 million loan Refinancing of Valley(1) Equity Issuance S&P Maalot: upgraded Increased committed increase from Bank 720 MW CCGT Private placem
Slide 29: Appendix C – Key Definitions
Appendix C – Key Definitions
Slide 30: Key Definitions
Key Definitions Non-GAAP financial metrics*: EBITDA in the consolidated financial statements – net income (loss) for the period before depreciation and amortization, financing expenses or income, net, taxes on income and other income (expenses), net. EBITDA after proportionate consolidation – “EBITD
Slide 31: Key Definitions (Cont'd)
Key Definitions (Cont’d) Project Development Stages*: Projects in Israel Natural Gas Projects “Advanced Development Projects” – Projects that, according to the Company’s assessment, are expected to commence construction within approximately two to three years, taking into account project characteris
Slide 32: Thank You!
OPCENERGY ENERGY Thank You!