Public Power Corporation (PPC) Corporate Presentation summary

Company overview and market position

• Serves 8.8 million customers, holding #1 market share in Greece and leading positions in Romania for retail, generation, and distribution.

• 11.6GW installed capacity, with 47% from renewables; 34% of Greek electricity produced and 51% supplied.

• €4.9bn regulated asset base, €1.8bn adjusted EBITDA, and €3bn investments in 2024.

• Achieved a 32% reduction in CO₂ emission intensity since 2020.

• Net leverage at 2.8x FY2024, with a 2024 dividend per share of €0.40.

2021–2024 performance and transformation

• EBITDA doubled to €1.8bn in 2024, exceeding targets by €0.5bn.

• RES share in capacity mix rose from 33% to 50%, with 2.8GW of new RES capacity added.

• Phased out 1.2GW of lignite, with full lignite exit planned by 2026.

• Distribution RAB increased by €2bn, and EBITDA in distribution doubled.

• Customer mix improved, focusing on high-value segments and reducing churn.

Strategic priorities 2025–2027

• Targeting >€2.7bn EBITDA and >€0.8bn net income by 2027.

• €10.1bn capex plan, with 51% allocated to renewables and 27% to distribution.

• Lignite phase-out in 2026, with 5.6GW new RES capacity planned by 2027.

• Dividend per share to reach €1 by 2027, with fastest EPS and DPS growth in European utilities.

• Maintaining net leverage below 3.5x, targeting investment grade metrics by 2027–2030.