Cenergy (CENER) Corporate Presentation summary

Business overview and segments

• Operates two main segments: cables (power & telecom) and steel pipes, serving over 100 countries combined.

• Cables segment manufactures and installs low to extra high voltage cables for energy and telecom, with 6 plants and €1,224m FY24A sales.

• Steel pipes segment produces pipes for energy and construction, with a focus on hydrogen and CCS, €573m FY24A sales, and a single advanced plant.

• Over €1 billion invested in assets since 2012, supporting technological leadership and capacity expansion.

• Part of Viohalco, a major European metal processing group, with 71.4% ownership.

Strategic positioning and growth drivers

• Positioned as a leader in energy transmission, electrification, and energy transition infrastructure.

• Benefits from global trends: rising energy demand, regulatory support for green transition, and rapid growth in renewables and hydrogen.

• Record-high and diversified order backlog, reaching €3.44bn in Dec 2024, providing strong revenue visibility.

• Ongoing expansion in the US with a $200m land cables plant in Baltimore, targeting local market growth.

• Clearly defined strategy focused on high-value products, export growth, and operational optimization.

Technological capabilities and innovation

• Advanced manufacturing for long continuous submarine cables (up to 500kV) and complex turnkey projects.

• First to deliver 100% hydrogen-ready steel pipes for high-pressure networks and offshore CCS projects.

• Strong R&D focus, developing proprietary HVDC cable accessories and supporting energy transition technologies.

• Vertically integrated plants with significant automation and real-time maintenance systems.

• Sustainability initiatives include carbon emissions reduction and responsible sourcing.