TERNA ENERGY Group: IR Report Q3 2020

Presentation

Q3 2020 Results

November 2020

9M 2020 update

Overview

Revenue in 9M 2020 increased by 14.6% to €241.4m vs €210.7m in 9M 2019

• • EBITDA increased by 15.9% to €152.3m
  • Primarily driven by new parks fully in operation (Fluvanna 2 and Bearkat)

2 new wind farms (158 & 197 MW) in the US (Fluvanna 2 and Bearkat) & 1 one

• US wind park disposal (Idaho - 138 MW)
• • 2020 will be first full year of operation for 2 new Texas projects
  • July 2020 - Sale of Mountain Air Wind Park (138 MW) in Idaho - c$30m profit (IFRS) reported in Q3 - $215m net debt reduction reported in Q3
• Group's total Installed capacity reaches 1,373 MW as of Nov. 20
  330 MW in Greece (South Evia -Project Kafireas) will start construction soon,
• consisting of
• • 150 MW in South Evia owned by TE
  • Recently acquired 270 wind park in same area (180 MW will start)
• New long term target in terms of installed capacity set at 2800 MW within next 5 years

Key Performance Indicators

Revenue

(vs 9M 2019)

€241.4m

+14.6%

Net Profit

(vs 9M 2019)

€58.6m

43.3%

Installed Capacity1

1,373 MW

EBITDA

(vs 9M 2019)

€152.3m

+ 15.9%

Net Debt

(vs H1 2020)

€598.5m*

• $215m US disposal in Q3 included

Under Construction

(or ready to be built/acquired)

429,4 MW

EBITDA Margin

(vs 9M 2019)

63.1%

+ 70 bps

RES Revenue Outside

Greece

c42%

Load Factor Q3 2020

32.5%

1. Includes wind, hydro, solar and biomass capacity	3

Electricity production KPIs

Highly diversified and visible revenue mix due to healthy lifetime of assets under operation

Installed capacity split by country (Nov '20)			MW	Installed	Under
				capacity	construction	Pipeline
30					727	360	c. 69
102
		513	-	-

1,373 MW	727			102	-	-
513
				30	-	-
			Total	1,373	360	69
Greece USA Poland	Bulgaria

4