ERG S p A : 2Q AND 1H 2021 RESULTS

2Q AND 1H 2021 RESULTS

Paolo Merli - CEO

30 July 2021

DISCLAIMER

This document contains certain forward-looking information that is subject to a number of factors that may influence the accuracy of the statements and the projections upon which the statements are based. There can be non assurance that the projections or forecasts will ultimately prove to be accurate; accordingly, the Company makes no representation or warranty as to the accuracy of such information or the likelihood that the Company will perform as projected.

AGENDA

• 2Q 2021 Highlights
• • Key Figures
  • Recent Developments
• Results Review
• • Business Environment
  • 1H 2021 Group EBITDA
  • Results by Segments
• Key Financials
• • Profit & Loss
  • Investments
  • Cash Flow Statement
• 2021 Guidance and Conclusions
• Appendix

HIGHLIGHTS: KEY FIGURES

EBITDA (€ mn)

263 281

107 121

1H 2020

1H 2021

2Q 2020

2Q 2021

Net Profit (€ mn) 100

70

35

16

1H 2020

1H 2021

2Q 2020

2Q 2021

1. Adjusted means net of special items and IFRS16/IFRS9 effects.

EBITDA Margin

CCGT

Hydro

Solar

Wind

Corporate

CAPEX (€ mn)

311

278

86

25

1H 2020

1H 2021

2Q 2020

2Q 2021

NFP (€ mn)

1,692

Derivatives 1,439 Adj.(1) NFP

excl. Derivatives

31/12/2020	30/06/2021		4

RECENT DEVELOPMENTS

(MW) 3,115

3,195

• Advancements in M&A and Proprietary Greenfield:
• • M&A in France: +80MW Wind and Solar
  • +47MW: acceleration on organic Wind project in Italy
• Advancements in Repowering:
• • +143MW Gross (77MW net) fully permitted attended to the GSE 6th RES auction in June
• Construction:
• • 77MW (UK and France) expected on stream by year-end
• Route to Market:
• • Signed first 2 PPAs in Northern Ireland for 250GWh

Installed capacity	M&A Wind	M&A Solar	Installed capacity
as at 31.03.2021	in France	in France	as at 30.06.2021
Wind	Solar	Hydro	CCGT

Execution well on track	5