Page 1

voltalia PRESS RELEASE July , 21 2021 SOLAR • WIND • HYDRO BIOMASS • STORAGE Q2 2021 revenues : + 68 % to 87 million euros Continued strong growth in the second quarter • • • Energy sales : + 62 % . Increased installed capacity and good resource levels in Brazil compared to Q2 2020 Services to third - party clients : + 79 % . Dynamic Development and Construction activity mainly in France , Portugal and Greece The second quarter confirms the momentum of the first quarter , with cumulative revenues during the first half of the year up by + 70 % . Short and medium term objectives and ambitions reiterated • • 2021 : normalised EBITDA¹ target of around 170 million euros 2023 : 2.6 GW in operation and under construction and normalised EBITDA of 275-300 million euros Voltalia ( Euronext Paris , ISIN code : FR0011995588 ) , an international player in renewable energies , announces today its revenues for the second quarter and first half of 2021 . " In line with the first quarter of 2021 , we have achieved another quarter , benefiting both from a better level of resources compared to the same period last year and from the very strong growth of our installed base , which now stands at almost 1.3 gigawatts . Although there are still challenges ahead , particularly with regard to the health situation , which has not yet stabilised , this good level of revenue and the seasonality inherent in our business mean that we can once again confirm our 2021 objectives and 2023 ambitions , " commented Sébastien Clerc , Voltalia's CEO . Revenues for the second quarter and first half of 2021 In € million Energy sales Services Eliminations Consolidated revenues Q2 2021 Q2 2020 2 52.4 32.3 64.2 29.2 -29.5 -9.9 87.0 51.7 Change at Change at current constant rates rates 3 + 62 % + 70 % 92.8 + 120 % + 121 % 93.5 + 200 % + 205 % -35.4 + 68 % + 73 % 150.9 H1 2021 H1 2020 Change at Change at current constant rates rates * 62.5 + 49 % + 66 % 50.4 + 86 % + 88 % -24.2 + 46 % + 51 % 88.7 + 70 % + 83 % * The average EUR / BRL exchange rate at which revenues for the first half of 2021 have been determined is 6.49 . BUSINESS REVIEW Q2 2021 consolidated revenues amount to 87.0 million euros , up + 68 % at current exchange rates and + 73 % at constant exchange rates . H1 2021 consolidated revenues amount to 150.9 million euros , up + 70 % at current exchange rates and + 83 % at constant exchange rates . Energy sales , which amount to 92.8 million euros , and Services , which amount to 93.5 million euros , of which 58.1 million euros for external revenues alone , 1 2 " Normalised " means calculated with an annual average EUR / BRL exchange rate of 6.3 and a long - term average wind , solar and hydro resource Quarterly data calculated by difference between H1 and Q1 3 Calculated on the basis of 2021 revenues at 2020 exchange rates 4 Eliminations : services provided by the Services business for the power plants owned by the Group are eliminated on financial consolidation 1