Holaluz Clidom S A : Presentación de resultados del año fiscal 2023 y el update del primer trimestre de 2024 (4 MB)

AL BME GROWTH

Barcelona, 1 de Mayo de 2024

De conformidad con lo dispuesto en el artículo 17 del Reglamento (UE) nº 596/2014 sobre abuso de mercado y en el artículo 227 del texto refundido de la Ley del Mercado de Valores, aprobado por Real Decreto Legislativo 6/2023, de 17 de marzo, y disposiciones concordantes, Holaluz-Clidom, S.A. (la "Sociedad") le informa de lo siguiente:

OTRA INFORMACIÓN RELEVANTE

Holaluz-Clidom, S.A. adjunta la presentación de resultados del año fiscal 2023 y el update del primer trimestre de 2024.

En cumplimiento de lo dispuesto en la Circular de Renta Variable BME MTF 3/2020, se hace constar expresamente que la información facilitada ha sido elaborada bajo la exclusiva responsabilidad de la Sociedad y de sus administradores.

Carlota Pi Amorós

CoFundadora y Presidenta Ejecutiva

HOLALUZ-CLIDOM, S.A

1

The Rooftop Revolution

FY 2023 results and Q1 2024 update April 30th 2024

Forward looking statements

This communication contains forward-looking statements related to Holaluz (the "Company") These data do not represent estimates within the meaning of Commission Delegated Regulation (Eu) No. 2019/979 or No. 2019/980. Such forward-looking statements include, but are not limited to, statements related to: the Company's leadership team and talent development; the Company's financial and operating guidance and expectations; the Company's business plan, trajectory and expectations in 2022 and beyond, market leadership, competitive advantages, operational and financial results and metrics (and the assumptions related to the calculation of such metrics); the ongoing, anticipated, or potential impacts of the COVID-19 pandemic and its variants; the Company's momentum in the company's business strategies, expectations regarding market share, total addressable market, customer value proposition, market penetration, financing activities, financing capacity, product mix, and ability to manage cash flow and liquidity; the growth of the solar industry; the Company's ability to manage suppliers, inventory, and workforce; supply chains and regulatory impacts affecting supply chains; factors outside of the Company's control such as macroeconomic trends, public health emergencies, natural disasters, and the impacts of climate change; the legislative and regulatory environment of the solar industry and the potential impacts of proposed, amended, and newly adopted legislation and regulation on the solar industry and our business; expectations regarding the Company's storage and energy services businesses, anticipated emissions reductions due to utilization of the Company's solar systems; the Company's ability to derive value from the anticipated benefits of partnerships, new technologies, and pilot programs; expectations regarding the growth of home electrification, electric vehicles, virtual power plants, and distributed energy resources. These statements are not guarantees of future performance; they reflect the Company's current views with respect to future events and are based on assumptions and estimates and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from expectations or results projected or implied by forward-looking statements. The risks and uncertainties that could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements include: the impact of COVID-19 and its variants on the Company's operations; the Company's continued ability to manage costs and compete effectively; the availability of additional financing on acceptable terms; worldwide economic conditions, including slow or negative growth rates; rising interest rates; changes in policies and regulations, including net metering and interconnection limits or caps and licensing restrictions; the Company's ability to attract and retain the Company's solar partners; supply chain risks and associated costs, strategic transactions, or acquisitions, and integrating those acquisitions; the Company's leadership team and ability to retract and retain key employees; changes in the retail prices of traditional utility generated electricity; the availability of rebates, tax credits and other incentives; the availability of solar panels, batteries, and other components and raw materials; the Company's business plan and the Company's ability to effectively manage the Company's growth and labor constraints; the Company's ability to meet the covenants in the Company's investment funds and debt facilities; factors impacting the solar industry generally. All forward-looking statements used herein are based on information available to us as of the date hereof, and we assume no obligation to update publicly these forward-looking statements for any reason, except as required by law.

Agenda

About Us

Marketplace and Strategy

2023 Review

2024 YTD and Guidance Summary

3

Our commitment to fully decarbonize the world

We are building the largest and mostimpactfulgreen energy community in Europe, unleashing the full

potential of electrifying energy demand by scaling distributed Solar and Storage

4

About Us

Leading the energy transition

Transforming every rooftop into a distributed green energy producer

• More than 13 years as a GreenTechleader in Spain
• Creating the largest green energy community in Europe, connecting distributed Solar producers and renewable electricity customers in our energy management platform
• Leading customer proposition in Solar installation, best product offering with largest savings for customers in a significantly underpenetrated market
• Established position in Energy Management, with an innovative fixed rate subscription basedproduct
• One of the leaders in customer satisfaction, with 4.1/5 stars in Trustpilot
• A disruptor in the marketplace
• Unique and differentiated business model - combining Solar and Energy Management

Business model

Getting vertically integrated into electricity generation through distributed solar and storage and connecting these distributed producers with end customers through our energy management tech platform creates a strong and sustainable competitive advantage in the sourcing cost of electricity for decades.

This will allow the company to offer green and affordable electricity through a subscription-based product to millions of people.

From

To

Energy management

Tech platform

Centralized oligopoly, polluting and with very	Decentralized, decarbonized, democratized and
affordable clean energy thanks to by-passing T&D
expensive T&D costs	costs and using the proximity network instead

A Distributed Generation ecosystem enables a unique sourcing advantage, allowingHolaluzto compete with large-scale incumbents

Illustrative Example of Electricity sourcing from Centralized Solar PPA vs Distributed Generation

Proximity or collective self-consumptionallows citizens to share self-generatedelectricitywith their neighbor on a contractual basis. The European Directive 2018/2001 develops the rules governing the self-consumptionof electricity

from renewable sources in Article 21. In Spain, the

Pool price T&D cost

139

24

75

40

Retail tariff offered to

customers with Distributed

Taxes Generation, to be meaningfully lower,

benefiting from T&D cost avoidance as it avoids T&D losses and frees up capacity in Transportation network

97

17

80

Royal Decree244/2019 of 5 April regulates the administrative, technical and economic conditions for self-consumptionof electricity, including the collective self-consumptionscheme

In Spain self-consumersdo not pay grid charges for the self-consumed energy, only for energy demand from the grid. Consumers participating in proximity or collective self- consumption can therefore pay a reduced fee on T&D costs. This reduced fee is set to 0 by CNMC (National Commission on Markets and Competition)

The distributedgeneration ecosystem benefiting from proximity network requires

1. Balanced customer portfolio between solar home energy systems and electricity customers without solar panels
2. Sufficient scale to be material and generate a real impact in the energy transition in Spain and Europe

Traditional centralized model

Holaluz distributed model

Holaluz ecosystem combining decentralized Solar PV and Energy Management enables our differentiated business model

A Connect people to green energy

Energy Management business

Holaluz sells electricity to its Supply customers without solar installations …

A flywheel powered by trust

And enabled by Technology

Optimize economic value of entire portfolio

Transform every sqm of	B
rooftop into green electricity
production and storage

Solar business

• buys that electricity from the surplus production generated by its Solar customers with PV installations, whose rooftop potential is completely leveraged …

Holaluztechnological ecosystem

C … and then centrally manages its portfolio of Solar customers through the development of a technological platform aimed at optimizing customer's production/ consumption patterns through communication to smart assets (PV inverters, batteries, EV chargers)

We are sophisticating the market with our unique value proposition combining the best of Solar and Energy Management

What the average player can do

Solar self-consumption installations

Flexible assets (Battery, EV chargers, heat pumps) installations with a very

limited interaction with the end user

Basic energy management offering a fixed price for surplus electricity

What Holaluz can do

Distributed Generation installations maximizing rooftop potential to share electricity with neighbouring customers leveraging proximity network and preparing for demand

electrification

Home Energy System operator integrating PV, batteries,

EV chargers and heat pumps in our platform to optimize client's electricity consumption and surplus sharing

Virtual Power Plant operator leveraging our installed fleet of batteries to participate in balancing, wholesale and capacity markets

Most competitive subscription-based energy

management product leveraging the ecosystem of decentralized producers-consumers benefitting from proximitynetwork regulation to skip T&D costs