Global Dominion Access S A : Q3 2023 Results Presentation

Results Presentation 3Q 2023

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D I S C L A I M E R

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• The information and opinions contained in this document are provided as at the date of the document and are subject to verification. completion and change without notice. Neither Dominion nor any of its parent or subsidiary undertakings. or the subsidiary undertakings of any such parent undertakings. or any of such person's respective directors. officers. employees. agents. affiliates or advisers. undertakes any obligation to amend. correct or update this document or to provide the recipient with access to any additional information that may arise in connection with it.

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2 0 2 3 Q 3 R E S U L T S

Q3 P&L and comparative evolution _

					Q3 2023
	Q3 2022	%	Q3 2023	%	recurrent
	proforma	(with out one
(Millions of €)
				off)
Consolidated Turnover(1)	866.8		850.9		850.9
Comparable Turnover(2)	788.1	8%	850.9	8%	850.9
EBITDA (3)	88.2	14%	100.4	21%	106.9
% EBITDA on Turnover	11.2%		11.8%		12.6%
EBIT (3)	52.1	3%	53.9	19%	62.0
% EBIT on Turnover	6.6%		6.3%		7.3%
Comparable Net Income(4)	33.2	-15%	28.3	10%	36.5
% Net Income on Turnover	4.2%		3.3%		4.3%
Attributable Net Income	23.0	19%	27.3	54%	35.5

Recurrent business growth continues , despite the environment, in line with the strategic objectives established for 2023. These results incorporate one-offcosts due to the restructuring of business areas.

*We have pro-formed the Q32022 income statement to allow for a homogeneous comparison (2).	3

2 0 2 3 Q 3 R E S U L T S

2023 Q3 Results_

SalesMargins

Organic revenue growth of +6,5%	We maintain high growth:
in constant currency vs. Q3 2022.	+21% recurrent EBITDA, over Q32022.
The inorganic growth (10) adds	High profitability on projects and
+2,3% and the FOREX effect is	substantial improvement in service
negative in -0,8%.	operating margins.

Net Income

Growth of the net attributable

income.

Its level of growth is impacted by a

significant increase in financial

expenses.

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2 0 2 3 Q 3 R E S U L T S

Detail of Sustainable Services and 360 Projects _

Sustainable

Services	Q3 2022		Q3 2023
	Turnover_	551.8€	+8.1%	596.6M€
	CM (5) _	62.7€	+3.8%	65.1 M€

360 Projects

Turnover_ 236.3€ +3.0% 243.3M€

CM (5) _	44.8€	+9.8% 49.1 M€

• "Sustainable Services" segment includes the segment previously reported as B2C. We have built a proforma P&L, with a Comparable Turnover, due to the accounting output of energy customers, to allow a homogeneous comparison.(2).

360 Projects

29%

43%

57%	Sustainable
Services
	71%

* Percentages over "Services and Projects" Turnover and Contribution Margin (839.9M€ y

114.2M€). Sales and Contribution Margin of the "Stakes in Infrastructures" segment are not	5
included (11.0M€ y 6.8M€).

2 0 2 3 Q 3 R E S U L T S

Detail of Sustainable Services and 360 Projects_

Sustainable Services

10.9%

CM/Turnover

• We maintain a strong organic growth in sales, demonstrating the good performance of the business.
• The recurring margins improve, overcoming inflationary pressures, and thanks to higher growth in businesses with better profitability.
• This segment, includes one-offcosts, due to business reestructuring.
• New contracts in the area of sustainability services for industrial clients.
• Environmental Services consolidates its position as a clear growth driver, in line with our strategic plan.

360 Projects

20,2%

CM/Turonver

• The margin of Projects continues at very high levels, above our targets.
• We have added to the backlog the first Project of photovoltaic energy with batteries in the Dominican Republic.
• New hospital contracts with the ECA of the UK (UKEF).

360 Project Backlog: 641 Millions of €

	124		293	224
Industrial	Renewable	Social
Infrastructures	Infrastructures	Infrastructures

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2 0 2 3 Q 3 R E S U L T S

Detail of Stakes in Infrastructures_

Renewable Infrastructures

(Millions of €)	Q3 2023
Turnover (1)	11.0
EBITDA (3)	6.8
% EBITDA on Turnover	62.0%
EBIT (3)	4.3
% EBIT on Turnover	39.1%
Financial Expenses	(6.3)
Equity Method	0.7
Discontinued	(0.3)
Taxes	0
Net Profit	(1.6)
Cash Flow	0.9

Global C.: Global Consolidation

Status		Project		Location	Technology	MWp	Ownership
		Santa Rosa		Argentina	Biomass	18		100% (Global C.)
		Santa Rosa		Ecuador	Photovoltaic	4		100% (Global C.)
In
	Valdecarretas		Spain	Photovoltaic	38		80% (Global C.)
generation
		El Soco		Dominican	Photovoltaic	79		50% (Equity Method)
			Republic
Held for sale	Cerritos		Mexico	Eolic		66		100% (Global C.)
In		LATAM	Photovoltaic		281		Equity Method
Construction	EUROPE	Photovoltaic		6		Global Consolidation
In the	EUROPE & LATAM	Photovoltaic		2,664		Global Consolidation
pipeline
Other Infrastructures
Project		Location	Tipology			Ownership
In operation	Antofagasta		Chile	Hospital			15% (Equity Method)
In operation	Buin Paine		Chile	Hospital			10% (Equity Method)

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2 0 2 3 Q 3 R E S U L T S

2023 : The beginning of the new Strategic Plan 23-26_

111

82	80
47	36	52

123

60

GUIDANCE for 2023:

⁓150 M€ EBITDA in 2023

>70 M€	Operating cash
generation in 2023

2019

2020

2021

2022

2023

Leveraged in three transitions as drivers of growth to reach the established targets.

ENERGETIC TRANSITION

INDUSTRIAL TRANSITION

DIGITAL TRANSITION

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Appendix_

1. Consolidated Turnover: Annual accounts Turnover.
2. Comparable Turnover: 2022 Turnover has been adjusted to make it comparable with the current year. It reflects the agreement with Repsol of shared customer management, that eliminates energy sales.
3. EBITDA: Net Operating Income + Depreciation / EBIT: Net Operating Income
4. Net Income or Comparable Net Income: Refers to the Attributable Net Profit, prior to discontinued operations and to the minority interests of the Renewables business (present in 2022 and not in 2023).
5. Contribution Margin: EBITDA before corporate structure and central administration costs.
6. Net Financial Debt: Financial Debt (Long and short Term) +/- Derivative financial instruments - Cash and Short-Term Investments
7. Free Operating Cash Flow: EBITDA - difference between CAPEX and Amortization - NWC variation - Net Financial Income - Tax payment; (acquisitions excluded)
8. RONA: EBITA / (Total non-current assets - Deferred assets - Goodwill not associated to cash + PPAs amortization current year +Net WC; excluded acquisitions of the year).
9. WC: Working capital
10. The scope of consolidation varies from H12022 due to: i) the incorporation of 6 months of ZH Ingenieros (September 2022 Acquisition) and the incorporation of 6 months of the Infrastructure business (December 2022 Acquisition).

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2 0 2 3 Q 3 R E S U L T S

ANNEX: Proforma income statement 2022_

(Millions of €)

1Q 2022

2Q 2022

3Q 2022

FY 2022

Consolidated Turnover (1)		288.6	578.5	866.8	1,227.5
Adjusted Turnover (*)	263.3	538.2	807.4	1,115.7
Comparable Turnover (2)	261.0	522.4	788.1	1,168.4
EBITDA (2)	27.1	56.3	88.2	123
% EBITDA on sales	10.3%	10.5%	10.9%	11%
EBIT (2)	15.0	33.2	52.1	74.6
% EBIT on sales	5.7%	6.2%	6.5%	6.7%
Net Comparable Profit	11.1	23.4	33.2	45.2
% Resultado on sales	4.2%	4.1%	4.1%	4.1%
Attributable Net Profit	9.3	16.8	23.0	31.0

We have built a proforma 2022 Turnover in order to make it comparable with 2023 reported information, based on:

-	During 2023 the Consolidated Turnover will be reported, while in 2022 the Adjusted Turnover was reported (*).
-	During 2023 the energy customers, which were present during 2022, are removed from the accounts after the shared management agreement with	1 0
	Repsol.