Alternus Energy SPAC Presentation Deck

1 2 3 4 INVESTMENT HIGHLIGHTS WHY NOW? WHY ALTERNUS? 5 STRONG EXISTING OPERATING BUSINESS NOW PRIMED TO REALIZE EXCEPTIONAL GROWTH³ Highly cash generative portfolio combined with near term contracted assets (1.4 GWp) forecasted to generates revenue of $251m in FY25 converting into EBITDA of $208m (83% EBITDA margin) PURPOSE-BUILT BUSINESS MODEL DELIVERING IMMEDIATE AND LASTING SHAREHOLDER VALUE Early entry and operations across the total project lifecycle locks in a lower LCOE2. Proven project development platform continues to foster local partnerships to create value accretive milestones on a low cost /high value basis. HIGHLY EXPERIENCED LEADERSHIP TEAM MOTIVATED TO DELIVER SUSTAINED GROWTH Specialist teams in place spanning across development, construction and operations to maintain momentum and execution of the business plan UNPRECEDENTED MARKET FORCES CREATES A GENERATIONAL OPPORTUNITY Paradigm shift in regulatory and policy support across Europe and US due to changing market dynamics (REPower EU Package and US IRA act) CAPITAL EFFICIENT FINANCING STRATEGY RELEASES OPERATING CASH TO REINVEST INTO NEW ASSETS *Leveraging deep capital markets experience to optimize a prudent capital structure, using self amortizing project debt structures across a risk adjusted, balanced and diversified portfolio LIFETIME COMMITMENT TO ENVIRONMENTAL, SOCIAL & GOVERNANCE RESPONSIBILITES 6 * Established and committed use of environmental, social and governance ("ESG") principles to assess and mitigate risk, to identify opportunities for impactful decision making and responsible lifetime stewardship. Alternus Overview 14 FY25E EBITDA $208m FY22E EBITDA $16m 649 MWp of owned development assets Decades of renewable industry experience across Executive Team 20% CAGR¹ EU and US market growth FY22-FY26 10% target reinvestment rate improves Earnings per Share 1 Dedicated Senior Executive 3 Core Pillars Notes: (1) Source: Solar Power Europe 2022 Report: (2) LCOE = 'Levelized Cost of Energy' which reflects the total cost of ownership of energy assets over its full life (capex and opex):(3) See Disclaimer on Forward looking statements and Risk Factor and assumptions to forecasts on page 33; (4) Annual recurring revenue are from energy generated by the solar parks when fully operational multiplied by the rate received for the energy, either from contracted off takers and/or sales to the local energy grids

View entire presentation