Arteche Lantegi Elkartea : Publicación de resultados ejercicio 2021

Comunicación de Información Financiera del

período enero-diciembre 2021

Arteche Lantegi Elkartea, S.A.

29 de marzo de 2022

OTRA INFORMACIÓN RELEVANTE

En virtud de lo previsto en el artículo 17 del Reglamento (UE) nº 596/2014 sobre abuso de mercado y en el artículo 228 del texto refundido de la Ley del Mercado de Valores, aprobado porel Real Decreto Legislativo 4/2015, de 23 de octubre, y disposiciones concordantes, así como enla Circular 3/2020 del segmento BME Growth de BME MTF

Equity ("BME Growth"), Arteche Lantegi Elkartea, S.A. (la "Sociedad"), pone en su conocimiento la siguiente:

• I. Presentación de resultados del ejercicio 2021.

• II. Cuentas Anuales Consolidadas, Informe de Gestión consolidado y Estado de Información No Financiera correspondientes al ejercicio terminado el 31 de diciembre de 2021.

• III. Cuentas Anuales Individuales e Informe de Gestión individual correspondientes al ejercicio terminado el 31 de diciembre de 2021.

De conformidad con lo dispuesto en la citada Circular 3/2020 se indica que la información comunicada por la presente ha sido elaborada bajo la exclusiva responsabilidad de la Sociedady sus administradores.

Atentamente

Arteche Lantegi Elkartea, S.A.

D. Alexander Artetxe

Presidente del Consejo de Administración

FY 2021

Earnings Release

March 29, 2022

Disclaimer

The information contained in this presentation of results has been prepared by Arteche Lantegi Elkartea, S.A.

(hereinafter the Company or Arteche Group) and includes financial information drawn from the annual consolidated accounts of the Company and its Group as of December 31, 2021, both audited by Ernst & Young S.L, as well as declarations concerning future forecasts.

The information and declarations concerning future forecasts about Arteche Group are not historical facts, as they are based on numerous assumptions, subject to risks and uncertainties, many of which are difficult to predict and, generally, beyond the control of Arteche Group. Shareholders and investors are hereby informed that these risks could lead to real results and developments significantly differing from those expressed, implied or projected in the information and future forecasts. With the exception of the aforementioned information, the information, opinions and statements contained in this document have not been verified by independent third parties and, for this reason,

no warranty of any kind, either express or implied, is given regarding the impartiality, accuracy, completeness or correctness of the information, opinions and statements expressed therein.

This document does not constitute an offer or invitation to purchase or suscribe shares, in accordance with the provisions of the Spanish Royal Legislative Decree 4/2015 of 23 October, approving the consolidated text of the Securities Market Act, and its draft legislation. Likewise, this document does not constitute an offer of purchase,

sale or exchange, nor a request of an offer of purchase, sale or exchange of securities, nor a request for any vote or approval in any other jurisdiction.

FY 2021 Highlights

Earnings per share of €0.16 vs €0.02 in FY20, as a result of strong demand and financial discipline

Revenues of €282.0m up 6.6% vs FY20. Organic revenue up 3.8%.

EBITDA reached €26.1m, negatively impacted by transport and raw materials increase costs. Overheads structure costs management improved to 24.2% of revenues vs 24.6% in FY20.

Disciplined operating and maintenance capex (excl. M&A) approach, sustained at 4% of revenues

'EBITDA-Capex' reached €14.6m or 56% of EBITDA

FY21 inorganic growth strategy successfully implemented. Synergies plan ahead scheduled.

Continued deleverage reaching 1.95x NFD/EBITDA at December 31,2021 vs 2.22x at December 31,2020

FY 2021: Broadening our edges

Junior Market listing

€30m funds raised for inorganic plan execution

Arteche has a stronger position across its target markets, adding 3 strategic assets and product portfolio, ready to be delivered to their customers

Acquisition of

Jul 9, 2021

Leader in the medium and low-voltage instrument transformer market with presence in Turkey and Indonesia, being West Europe its main market. Identified synergies amounting to €2m on track.

Joint Venture

(Arteche 51% - Hitachi 49%)

Asset improvement and joining forces to promote new gas insulated solutions transformers.

Completes purchase of

Speeding up optical fibre technology towards new applications worldwide. It is expected to gain market share in renewable market connection.

These 3 operations are part of the inorganic growth strategy as defined in our 2023 Strategic Plan.