Arteche Lantegi Elkartea S A : Plan Estratégico 2024-2026/2024-2026 Strategic Plan (5 MB)

20 de marzo de 2024

INFORMACIÓN PRIVILEGIADA

En virtud de lo previsto en el artículo 17 del Reglamento (UE) nº 596/2014 sobre abuso de mercado y en el artículo 228 de la Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión, y disposiciones concordantes, así como en la Circular 3/2020 del segmento BME Growth de BME MTF Equity ("BME Growth"), Arteche Lantegi Elkartea, S.A. (la "Sociedad"), comunica la siguiente 'Información privilegiada':

1. Presentación del Plan Estratégico 2024-2026

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 Sociedad y sus administradores.

Atentamente

Arteche Lantegi Elkartea, S.A.

D. Alexander Artetxe

Presidente del Consejo de Administración

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2024-2026 STRATEGIC PLAN

ENSURE UNIVERSAL ACCESS, EFFICIENT AND QUALITY ENERGY

D I S C L A I M E R

The information contained in this presentation of results has been prepared by Arteche Lantegi Elkartea, S.A. (hereinafter the Company or Arteche Group).

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 subscribe 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.

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	02	03			06
01	04	05
Arteche at a	Leadership &	Building the	Solid	Key Highlights	Q&A​
glance	Growth	future​​	Financial
			Value

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Arteche

at a

glance

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Arteche at a glance

Our purpose is to ensure universal access to clean, efficient and quality energy

Key highlights

77 years in the market. ​

Headquarters in Mungia,

Basque Country. Spain.​

Listed since June 2021 in Madrid BME's Growth

Market.

3rd generation of the Arteche family (52% of the share capital).

2,800 employees

located in 4 continents.

Key financial data (FY23):

• Revenue: €401 M
• EBITDA: €41 M
• Net profit: €12 M
• Net debt/EBITDA: 1.0x

Activity

We are a global designer, manufacturer, integrator and provider of electrical equipment.

Services and solutions for the measuring, protection, automation, control and communication.

Underlying

Sectors

Mainly across the electricity sector: generation, transmission and distribution.

Special focus on integrating renewables and smart grids. ​

175 countries

13 factories

7 R&D centers

17 commercial delegations

Positioning

Market leader in all the segments where we operate thanks to our ability to provide value- add niche products​.

Worldwide presence together with a high level of technological specialization. ​

Long-standingrelationships with our clients due to the proven quality of our products and homologations requirements​.

Entry barriers: product homologations with >1.5k

utilities worldwide (90% of total).

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Arteche portfolio

Measurement &	Transmission &	Network Reliability
Distribution Grid
Monitoring Systems
Automation

Expertise & leadership in products focused		Solutions that guarantee the digitalization		Solutions that strengthen electrical
on energy measuring systems		and automation of the electrical		infrastructures efficiency
		distribution grid

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Arteche's presence across the value chain

Services and solutions for renewable grid integration and

Transmission

Automation of substations to control electrical power systems

Arteche covers the entire electricity value chain, from generation to distribution, including the railway sector.

Instrument

transformers andRail sensors for

measuring

electrical

quantities Distribution

grid code

compliance

Auxiliary relays for	Reclosers for area
the control of	distribution lines
electrical
equipment

	Relays for safety-
Measurement & monitoring systems	critical railway
circuits

Automation of Transmission and Distribution networks

Generation	Network reliability

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What can Arteche do for the electrical grid?

Decarbonization

Global warming concerns

Transforming Energy Scenario Investments

2016-2030 ($60 trillion):

		3% 3%		Energy efficiency
	7%		Renewables
7%				Fosil Fuels (supply)
		$60	48%	Power grids &
15%		trillion
		Energy flexibility

Digitalization

75% of investments in digital infrastructure  T&D

			55.7		Fossil fuels
45.8	48.1	48.9	5,5
2	4,4	5,2
1,6		EV infrastructure
5,2	5,3	5,3	8,6
8,7
8,5	7,2	13,7		Transformers
12,6	13	12,1
		Communications

Decentralization

Multidirectional network

Modernization & New infrastructures

(grow at a CAGR of c.4% until 2030)

Global T&D investment per decade ($trillion)

5.2

3.5

2.3

17%

Electrification

Fosil Fuels (power)

Others

17	18,1	18,8	21,4		Automation &
	Management
2018	2019	2020	2021		Smart meters

2010-20A2020-23E20230-40E

Grid monitoring

Provision of monitoring systems to supervise

and manage the network in real time

Automatization & tech

Products & services focused on the digitalization/automation of electrical distribution grid

Reliable & security

Focus on products to guarantee a secure and

reliable distribution of power supply

>sustainable products with remote capabilities to support decarbonization efforts

Boost of digital & automation products and solutions improving the current energy infrastructure towards smart grid

Critical to avoid system failures which entail relevant social and economic implications

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Business performance

Revenue (€M)​

						401
					346
		255	265	282
205	217
2017	2018	2019	2020	2021	2022	2023

Solid growth in revenue over the last 6 years leveraged on both organic (increase in price and volume) and inorganic growth​.

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EBITDA (€M); EBITDA margin

(% o/revenue)

45,0										10%
40,0
35,0					11%		9%
30,0			10%	9%
11%	11%
25,0
20,0											41
15,0	22	24	26	30		26	30
10,0
5,0
0,0
2017	2018	2019	2020	2021	2022	2023
	EBITDA (€M)
			EBITDA margin

Stability of margins, resilient to integrations and economic cycles.

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