Investor Presentaiton

01. Executive summary Alerion at a glance Leading Italian IPP and development renewable platform... Trophy RES IPP and growth platform Leading Italian RES platform and one of the largest in Europe Strong in-house development and asset management capabilities High quality and strategically located asset portfolio 43 state-of-the-art plants located in strategic regions with favorable conditions Clear commitment to deliver growth beyond current targets Unique integrated business model Repowering opportunities already identified, to further accelerate growth Strong track record and experience in RES asset development, being true precursor and innovator in the Italian RES space 893 MW gross installed capacity 1.6 TWh annual P50 production Recent EU geographic expansion: 765 MW in Italy 36 MW in Spain 12 MW in Bulgaria 80 MW in Romania Diversification into solar PV technology, mainly located in Italy, Romania and Spain Solid know-how along the entire RES energy value chain Scalable and centralised asset management system Listed on the Milan stock exchange with a market cap of ~€1.7bn Superior quality equipment sourced from leading international suppliers (e.g. Vestas, Siemens Gamesa, Nordex) Further geographical diversification in selected attractive market such us Spain and Romania amid new projects roll-out Strong in-house O&M capabilities with avg. O&M costs lower than national benchmarks Stable and highly predictable cash generation €233m EBITDA in 2022 Leveraging on ~6y years avg. remaining incentives life on ~90% of the gross capacity € €386m net debt as of 31 Dec. 2022, with room for fire-power to grow Strong deleverage potential due to high cash conversion profile Experienced management team Management team with proven track record in delivering growth Growing organic development team and internalization of key technical and operating activities 131 employees ALERIONCLEANPOWER Notes Unless specifically stated all data refer to December 31st 2022 6

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