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DOOSAN ŠKODA POWER a.s. 1H 2026 Report
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NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, OR JAPAN OR IN ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE RESTRICTED OR PROHIBITED BY LAW. This presentation (the "Presentation") has been prepared by Doosan Škoda Power a.s., with its registered office at Tylova 1/57, Jižní Předměstí, 301 00 Plzeň, the Czech Republic, Identification Number 491 93 864, registered in the Commercial Register maintained by the Regional Court in Pilsen, Section B, Insert 2251 (the "DSPW"). By attending the meeting where this Presentation is made or by reading the Presentation document, you agree to be bound by the following terms and conditions. The Presentation has been prepared with due care. However, certain inconsistencies or omissions might have appeared herein. Therefore, it is recommended that any person intending to undertake any investment decision on any security issued by DSPW or any member of its group (the "Group") shall only rely on information released as an official communication by DSPW in accordance with the legal and regulatory provisions that are binding on DSPW. Past performance cannot be taken as an indication or guarantee of future results, and no representation or warranty, express or implied, is made regarding future performance. DSPW does not (i) warrant that the assumptions underlying the forward-looking statements in this Presentation are free from errors, (ii) accept any responsibility for the future accuracy of the opinions expressed in this Presentation, or (iii) undertake any obligation to update the statements in this Presentation to reflect subsequent events. The forward-looking statements in this Presentation are made only as of the date hereof. Neither delivery of this Presentation nor any further discussions between DSPW and you shall, under any circumstances, result in any implication that there has been no change in DSPW’s affairs since such date. Forward-looking statements, including statements relating to expectations regarding future financial results, give no guarantee or assurance that such results will be achieved. Expectations of the DSPW management are based on present knowledge, awareness and/or views of the management members and are dependent on many factors, which may cause the actual results that DSPW will achieve to differ materially from those discussed in this Presentation. Many such factors are beyond the present knowledge, awareness and/or control of DSPW, or cannot be predicted. None of the Group, DSPW or its directors, managers, advisers or representatives of such persons makes any representation or warranty, expressed or implied, as to (i) the fairness, accuracy, completeness or correctness of this Presentation, (ii) the sufficiency of this Presentation for your purposes, or (iii) the appropriateness of this Presentation for any purpose other than that for which it was intended. Nothing contained herein is or should be relied upon as a promise or representation, whether as to the past or the future. This Presentation should not be construed as legal, regulatory, tax, accounting, investment or other advice. This Presentation has not been independently verified and nothing contained herein shall constitute any representation or warranty as to the future performance of any security, credit, currency, rate or other market or economic measure. No reliance may be placed for any purpose whatsoever on this Presentation. This Presentation was prepared for information purposes only and is neither an offer, invitation or solicitation of an offer to purchase or sell any securities or financial instruments or an invitation to participate in any commercial venture. This Presentation is neither an offer nor an invitation to purchase or subscribe for any securities in any jurisdiction, and no statements contained herein may serve as a basis for any agreement, commitment or investment decision or may be relied upon in connection with any agreement, commitment or investment decision. Any securities of DSPW have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. DISCLAIMER 2
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1. DOOSAN ŠKODA POWER AT A GLANCE 2. FINANCIAL PERFORMANCE 3. MARKET AND OPPORTUNITIES 4. ABOUT DOOSAN 5. LONG-TERM AMBITIONS AND GUIDANCE 6. Q&A CONTENTS
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▪ Doosan Škoda Power is one of the leading steam turbines manufacturers and is based in Pilsen, Czech Republic. ▪ Founded in 1869, Doosan Škoda Power specializes in designing, manufacturing, management and installation of high-efficiency steam turbines and equipment relevant to turbine machine halls. ▪ Applications include combined cycle, biomass, nuclear, and industrial power plants. ▪ Since 2009, Doosan Škoda Power has been a proud part of Doosan Group, one of the largest conglomerates in Korea. ▪ Since February 2025 the Company is listed on the Prague Stock Exchange (33% free float). INOVATIVE Patented technology, inhouse R&D GLOBAL 56 GW to 64 countries worldwide provided TRADITIONAL More than 100 years of experience TRADITIONAL ENERGY Natural gas, Biomass combustion, Nuclear, Waste Incinerators NEW TRENDS SMR, CO 2 Cycles, Waste Heat Recovery OEM AND NON -OEM SERVICE Repairs, Spare Parts, Overhauls, Inspections, Retrofits, Long -term services CO 2 4 DOOSAN ŠKODA POWER AT GLANCE
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Doosan Škoda Power a.s. Pilsen, Czech Republic 50 minutes from Prague 2 hours from Munich Workshop area ⁓ 35.000 m2 1 2 3 4 5 6 1 • Centre of Excellence for R&D of turbines • Direct access to steam from neighbouring power plant ALL-IN-ONE MANUFACTURING AND DESIGN 2 • Heavy manufacturing (turbine casings) • Rotor welding stands 3 • Turbine component machining • Turbine blade machining • Rotor machining and assembly 4 • Final assembly and dispatch 5 • Turbine balancing tunnel 6 • Engineering, administration 5 PILSEN HQ - INTERNATIONALLY RESPECTED AND CERTIFIED MANUFACTURING FACILITY
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KEY MILESTONES 1966 1992 2013 2025 2009 ~2030 Emil Škoda founded an engineering workshop 200 MW Turboset manufactured 1,000 MW Turboset (for Temelín Nuclear Plant) Doosan Group R&D Centre of Excellence for Steam Turbines Complete ST and GT solution provider Acquisition of Škoda by Doosan The company was listed on the Prague Stock Exchange 1869 Total record since 1960: ~ 56 GW = 583 units, 64 countries First CSP unit for Chile Supplied by Doosan Škoda Combined Cycle Unit in Combination with an H-class Gas Turbine Among the Largest Biomass Units in the World Among the Largest Wood Processing Plants in the Northern Hemisphere Largest Full-Speed Nuclear Unit in the Czech Republic Among the World’s Largest Waste Incinerator Plants GW unit Asia 6.1 GW 63 units Africa 2.2 GW 24 units North & South America 6.7 GW 59 units Europe 36 GW 339 units Middle East 2.6 GW 25 units India 3.1 GW 72 units Australia 0.04 GW 1 unit PRESTIGE PROJECTS WORLDWIDE 6 ONE OF THE LEADING STEAM TURBINE ORIGINAL EQUIPMENT MANUFACTURERS
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SERVICES (OEM AND NON-OEM)TURBOGENERATOR DELIVERY AND PACKAGE SERVICES Complete machine hall / turbine island EP/EPC solutions Turbogenerator & related BOP/auxiliary parts delivery Servicing activities (including LTSA and R&M) Business process overview 6-24 months Sales 12-18 months 6-18 months 2 years 10-15 years Execution Production Delivery to SiteEngineering & Design BOP1 DeliveriesProcurement & Sourcing LTSA2 R&M3 Service WarrantyAssembly & Commissioning Notes: 1) Balance of Plant 2) Long Term Service Agreements 3) Retrofit & Modernization 7 END-TO-END SERVICE DELIVERY
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1. DOOSAN ŠKODA POWER AT A GLANCE 2. FINANCIAL PERFORMANCE 3. MARKET AND OPPORTUNITIES 4. ABOUT DOOSAN 5. LONG-TERM AMBITIONS AND GUIDANCE 6. Q&A CONTENTS
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9 1H 2026 INTERIM CONSOLIDATED RESULTS1 Order Intake, Backlog 5 371 13 871979 944 1 823 3 054 8 173 17 869 1H 2025 1H 2026 1 843 7 720 Order Intake Order Backlog (CZKm) ▪ Order intake increased by 319% YoY to 7 720 CZKm driven by major awards including the Dukovany Nuclear Power Plant project awarded in Q1 2026 ▪ Backlog increased by 119% YoY, reflecting strong order intake growth, primarily from New Installations and LTSAs. Key Highlights LTSAs Service New Installation Note: 1) Company‘s Consolidated Financial Figures for the period 1.1.-30.6.2026, unaudited;
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Note: 1) Company‘s Consolidated Financial Figures for the period 1.1.-30.6.2026, unaudited; 2) Other revenues include cooperation contracts for machining, proceeds from contractual penalties and from the sale of scrap 3) Independent Power Project 10 1H 2026 INTERIM CONSOLIDATED RESULTS1 Revenue 1 866 1 773 548 661 180 240 16 72 610 2 681 1H 2025 1H 2026 (CZKm) LTSAs Service New Installation Others2 ▪ 1H 2026 IFRS revenue reached approximately CZK 2,7bn, representing 2,7% YoY growth, with significant service revenue portion growth by +20% YoY. ▪ Revenue generation originated especially in the Czech Republic, North America, and Europe. ▪ Revenue was primarily driven by the Utility, Refinery, and IPP3 sectors EBITDA, Operating Profit (CZKm, %) 257 359 1H 2025 1H 2026 EBITDA EBITDA Margin% 9,8% 13,4% 198 (7,6%) OP (Margin%) 257 (9,6%) ▪ 1H 2026 EBITDA increased by 40% YoY to CZK 359m. ▪ EBITDA margin improved from 9,8% to 13,4% driven by optimization initiatives. ▪ Operating profit grew 30% YoY to CZK 257m.
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Notes: 1) Company‘s Consolidated Financial Figures for the period 1.1.-30.6.2026, unaudited; 2) CAPEX-to-D&A Ratio calculated as CAPEX / Depreciation and amortization, where CAPEX = Acquisition of property, plant and equipment + Acquisition of intangible assets CAPEX Development 1H 2025 vs 1H 2026 69 134 87 101 0,8x 1,3x -3, 00x -2, 50x -2, 00x -1, 50x -1, 00x -0, 50x 0,00x 0,50x 1,00x 1,50x 0 1H 2025 1H 2026 CZKm CAPEX D&A CAPEX-to-D&A Ratio² ▪ Operating cash flow before changes in working capital increased significantly in 1H 2026, reflecting improved operating performance. ▪ Net operating cash flow deteriorated year on year due to adverse working capital movements. Key Highlights Cash Flow Development During 1H 2026 major investments went into: • Machining centre for blades • Lathe modernisation • Welding machine • Induction heating equipment • 3D scanning device • Experimental ORC unit • HW • SW for R&D calculations and Service • Capitalization of R&D Key Highlights 11 1H 2026 INTERIM CONSOLIDATED RESULTS1 CZKm 1H 2025 1H 2026 Cash flows from operating activities before changes in working capital 234 485 Net cash from operating activities -442 -717 Net cash from investing activities -69 -356 Net cash from financing activities 664 0
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1. DOOSAN ŠKODA POWER AT A GLANCE 2. FINANCIAL PERFORMANCE 3. MARKET AND OPPORTUNITIES 4. ABOUT DOOSAN 5. LONG-TERM AMBITIONS AND GUIDANCE 6. Q&A CONTENTS
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13 MID-TO-LONG-TERM MARKET OUTLOOK & BUSINESS PORTFOLIO STRATEGY Power Market Outlook Sustained Growth in Global Power Demand Specified U.S. Gas & Nuclear Power Expansion Plan EU Power Demand Surge & Czech Nuclear Expansion • Electrification & AI D/C Expansions Ongoing ‒Electrification Surge: EVs ×8 | Data Centres×3 | 100M Heat Pumps1 • ⁓ 5%+ Annual Expansion in Generation Capacity ‒Global Installed Capacity 10,741GW(’25)→14,702GW(’30)→17,890GW(’35)2 • Plans submitted for 34.2GW expansion of Gas Power by ’293 • 10 New Nuclear Plants by ’30, 400GW of Nuclear Power by ’504 • EU electricity demand expected to jump by ~50% by 2040, driven by AI data centres and electrification (incl. EV)5 • Czech Government targets expanding nuclear capacity to supply ~50–60% of total generation by 20406 Global Power Demand Continues Rising, with Growth Focused on Core Businesses １．BNEF New Energy Outlook 2025, (Current) EVs 57Mns → (’35) EVs 455Mn, Current D/C Electricity Consumption 400TWh/year → ’35 1,200TWh/year ２．Based on S&P Energy Outlook 2025 Scenario ３．EIA Annual Electric Power Industry Report 2025 ４．U.S. President Trump’s Signing of a Nuclear Executive Order (’25.05) ５．Eurelectric & McKinsey Powering Decarbonization Report / ENTSO-E Electricity Market Outlook ６．Czech National Energy and Climate Plan (NECP / Státní energetická koncepce ČR) 7 ．Sources: IEA 2024&2025 World Outlook & IEA Global EV outlook & IEA Electricity Report, IEA website, World Bank, Urban Development Overview 8 ．Global Electricity Review 2026, Ember, Global electricity supply overview, Global Electricity Dataset & IEA DEMAND GROWTH ENABLERS7 Electrification Urbanisation & Demographic Change Digitalisation Climate Change Geopolitical Tension Electricity generation in TWh8 31 700 63 400 +100% 2025 2050 13
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CUSTOMERS' MARKET SECTORS 14 Sources: IEA World Energy Outlook / Data & Statistics & Ember Global Electricity Review Notes: 1) CSP = Concentrated Solar Powerplant, 2) IPP = Independent Power Producer UNIQUE ROLE OF THE STEAM TURBINES IN ELECTRICITY GENERATION Biomass Oil Solar (CSP)1 Gas Nuclear Coal ELECTRICITY GENERATION ENERGY SOURCES UTILITY IPP2 SUGAR MININGCHEMICAL REFINERY STEEL WORKS NUCLEAR MUNICIPALITY WASTE TO ENERGY PULP & PAPER DATA CENTRES Approx. 68.0% of the World’s Electricity is generated through Steam Turbines
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15 GLOBAL NUCLEAR MARKET TRENDS • The capacity of nuclear energy is expected to increase by approximately 2.5 times by 2050 compared to 2025 driven by the global efforts to achieve carbon neutrality. • The expansion of new large reactors and the newly formed SMR (Small Modular Reactor) market is anticipated, coupled with the extension of the lifespan of existing nuclear power plants. Large Reactor SMR • Baseload Power • Distributed Power • Market expansion from developed countries to developing countries • Application to national main power grids • Widespread interest from various nations • Various applications such as data centres and petrochemical plants Czech market • Dukovany STG, 2 units (secured) • Dukovany BOP (under negotiation) • Temelín 3&4, SMR projects • Modernization of Dukovany and Temelín Global market • SMRs (MOU with GE Vernova Hitachi on future cooperation signed in April 26, potential for 20 units) • Ukraine – Khmelnitskaya unit 2 R&M, unit 3 • Romania – Cernavoda 3&4 • Modernization of OEM or non-OEM turbines NUCLEAR ENERGY TRENDS & OPPORTUNITIES Sources: 1) World Nuclear Outlook, 2) Company information Notes: BOP = Balance of Plant, STG = Steam Turbine Generator, OEM = Own Equipment Manufacturer, non-OEM turbines = turbines manufactured by other manufacturers (not manufactured by Doosan Škoda Power) FORECAST FOR INCREASED NUCLEAR POWER GENERATION CAPACITY 15
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16 RAPID EXPANSION OF THE USA MARKET Data CentresOutlook • Significant growth of data centres driven by AI and hyperscale cloud expansion. • The rapid expansion of US data centres is creating a significant new source of electricity demand. • Power availability has become a key bottleneck for data centre development, driving investments in power generation and grid infrastructure and creating long-term opportunities for the energy sector. • Supply for new build projects in cooperation with Doosan Enerbility (CCPP). • Strategical partnership with SMR developers. • Potential for modernization and upgrades of existing installations in cooperation with Doosan Turbomachinery Services (Houston, TX). • Framework agreement between Doosan and Skoda for synergies in manufacturing capacities is under discussion. Total Data Centres Operating Data Centres Planned Data Centres Unique DevelopersPlanned CapacityOperating Capacity 3 470 62 GW 385 GW 379 2 1741 296 KEY BUSINESS PORTFOLIO / RECENT DEVELOPMENT ACTIONS AND NEXT STEPS Sources: 1) https://cleanview.co/data-centers/us 2) Company information 16
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17 HIGH DEMAND FOR THE ELECTRICITY IN INDIA India’s Installed Capacity requirement • Total Capacity Leap: Growing from 520 GW to 1,121 GW by 2036 (adding 600 GW+ across all sources). • The Baseline Reality: Over 80 GW of this expansion is legally mandated for Ultra-Supercritical plants to secure grid stability. • The Supply Bottleneck: State-backed domestic manufacturers are at 100% capacity and booked out for the next decade. • India’s 600 GW+ grid expansion has completely overwhelmed local manufacturers, creating an unprecedented entry window for international steam turbine suppliers. • 1 unit of 800 MW already secured in 2026, execution is in progress. • Another 10+ units of 800 MW each were identified and are under discussion. KEY BUSINESS PORTFOLIO / RECENT DEVELOPMENT ACTIONS AND NEXT STEPS Sources: 1) National Generation Adequacy Plan (2026-27 to 2035-36), Government of India, Ministry of Power, Central Electricity Authority, March 2026 2) Company information 17
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1. DOOSAN ŠKODA POWER AT A GLANCE 2. FINANCIAL PERFORMANCE 3. MARKET AND OPPORTUNITIES 4. ABOUT DOOSAN 5. LONG-TERM AMBITIONS AND GUIDANCE 6. Q&A CONTENTS
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Provide Turnkey Solution for - Power Plant - Renewables - Seawater Desalination - Civil & Architecture Nuclear Business Power Service Business Plant EPC Business Equipment for - Gas Turbine - Steam Turbine - Generator Equipment for - Nuclear Reactor / Steam Generator - Casting & Forging - Containment Cask - Nuclear Decommissioning Solutions for - Retrofit - Modernization - Repowering, O&M - Digitalization DOOSAN ENERBILITY AT A GLANCE • Founded in 1962 • Defacto Hold-Co of Doosan Group, top 10 conglomerates in Korea • Global presence across power, nuclear, gas turbine and clean energy • Committed to Delivering Reliable and Sustainable Energy Solutions Doosan Corp. Doosan Enerbility Doosan Power Systems Doosan Škoda Power Other entities Doosan Group’s European Hub as Nuclear, GT, STG Solution Provider 30.5% 67% 100% 100% ◼ Market Cap: U$ 3.,886mn [Consolidate] ◼ Total Assets: U$ 2,023mn ◼ Revenue: U$ 1,254mn [Standalone] ◼ Total Assets: U$ 1,093mn ◼ Revenue: U$ 523mn Source: Doosan Enerbility 1 Market Cap. as of 31st Aug. ‘26 2 Company Information FY2025 3 Nuclear Steam Supply System; Nuclear Reactor Vessel and ancillary system for large scale Nuclear Power Station 4 SMR : Small Modular Reactor 5 DGT : Doosan Gas Turbine ; 3 models DGT S1(270MW), DGT S2(380MW) and DGT-100(90~100MW) mid-sized Gas Turbine [Simplified Ownership Structure] Doosan Enerbility Key Business Portfolio / Recent Development • Contracted 2 NSSS3 for Dukovany Power Plant • Option for Temelin #3,4 valid until mid ’28 • Ready for SMR4 Manufacturing from US SMR Projects with NuScale, X-energy, Terra Power, Rolls Royce and GE-Hitachi ▪ Secured 14 DGT5 (Total 6GW) domestically ▪ Supplying 12 GT and 6 STG for xAI Data Centre Expecting LTSA contracts further from 3 units ▪ Target to role out the first DGT-100 mid sized GT in ‘29 ▪ Top #1 Market Leader in 5 years & 2025 (25%, 23% share, ex-Coal & China) ▪ Secured Big Tech DGT order (6 units) in US ▪ Pursuing further opportunities from North America and MENA region 19
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Notes: 1) S&P Global Commodity Insights Gas power generation capacity (installed, cum.) Target to manufacture mid sized Gas Turbine (DGT-100) for EU territory in cooperation with Doosan Škoda Power as Doosan’s European Hub. GLOBAL GAS POWER GENERATION MARKET OUTLOOK The global gas power generation market anticipates robust growth, and Doosan has successfully pe netrated H-class gas turbine market, further growing the M/S “Exponential Growth of Large-Scale Data centres” “Successful Entry into the GT Market” “Stable Growth of Global Gas Power Generation” Global Gas Power Generation Equipment Forecast (GW) Potential for Doosan Škoda Power For electricity1 For Data Centres 2,046 GW 2,316 GW ’24 ’25 ’26 ’27 ’28 ’29 ’30 ~ ’40 2,559 GW 2,067 GW 153 GW 65 GW 21 GW 2,381 GW 2,712 GW +314GW Forecasted to grow to 3 14GW in ’25-’30 • Doosan already secured 26 DGT-300 (S2) units. • Development of mid-size gas turbine DGT-100 is in progress, first orders for Doosan are planned from 2027. • Transfer of the technology of mid-size gas turbine from Doosan to Škoda is in progress • Doosan Škoda Power targets to manufacture 1 unit of mid-size gas turbine for Korean market by 2030. • Potential for Škoda in manufacturing of gas turbine parts based on frame agreement, which is planned to be signed in late 2026 or early 2027. Doosan Enerbility With Gas Turbine 20
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1. DOOSAN ŠKODA POWER AT A GLANCE 2. FINANCIAL PERFORMANCE 3. MARKET AND OPPORTUNITIES 4. ABOUT DOOSAN 5. LONG-TERM AMBITIONS AND GUIDANCE 6. Q&A CONTENTS
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22 SHORT-TERM FINANCIAL GUIDANCE • Tending to remain at a similar level to FY2025 • Targeting to 105–115% of FY2025 • Aiming over 200 MCZK Revenues EBITDA CAPEX • Aiming for 100–130% of FY2025 levelOrder-Intake Dividend policy • Payout ratio of 70%+ of net income 22
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23 COOPERATION WITH DOOSAN ENERBILITY Cooperation on manufacturing of Steam turbines for Doosan Enerbility is expected to be secured through framework agreement, which is planned to be signed late 2026 or early 2027. Ambition is to manufacture 4 units of 380 MW and 3 units of 600 MW in Doosan Škoda’s Power workshop. TRADITIONAL BUSINESS ▪ Booming US market (datacentres) ▪ Big utility projects in India ▪ Replacement of Coal heating plants in Europe ▪ OEM and non-OEM Service ▪ BOP for Dukovany 5&6 ▪ Temelín 3&4 ▪ MOU with GE Vernova Hitachi signed (potential 20 units) ▪ Another SMR projects under development LARGE NUCLEAR AND SMALL MODULAR REACTORS ▪ New product portfolio (mid-size gas turbine DGT-100) ▪ Transfer of technology from Doosan Enerbility to Doosan Škoda Power ▪ Estimation of GT production from 2030 ▪ Complete ST and GT solution provider GAS TURBINES DOOSAN ŠKODA POWER‘S LONGER-TERM AMBITION COMPANY‘S AMBITION IS TO BRING 40-50 BCZK IN ORDER INTAKE1 UNTIL 2030 Notes: 1) Cumulative Order Intake for the period 2026-2030..
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24 DOOSAN ŠKODA POWER – TRANSFORMATION TO TOTAL ENERGY SOLUTION PROVIDER Global Power Demand Continues Rising, with Growth Focused on Core Businesses STEAM TURBINE Total Energy Solution Provider • Focused on Small-Mid Scale (below 300MW) • European Regional Excellence • Traditional Energy Focus • Large Scale Coverage (300MW+) • Global Market Expansion (US, India, etc.) • Multi Energy Portfolio (Nuclear, SMR, GT) “Core Steam Turbine Industrial Expert” “Full Spectrum Power Island & Multi-Energy Integrator” 24
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1. DOOSAN ŠKODA POWER AT A GLANCE 2. FINANCIAL PERFORMANCE 3. MARKET AND OPPORTUNITIES 4. ABOUT DOOSAN 5. LONG-TERM AMBITIONS AND GUIDANCE 6. Q&A CONTENTS
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26 Q&A
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Appendix CONTENTS
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28 1H 2026 HIGHLIGHTS Dukovany signing ceremony Doosan Enerbility & Doosan Škoda Power - February 16, 2026, Prague - DSPW as a part of the collaboration announced at the recent global supplier conference hosted by GE Vernova Hitachi Nuclear Energy - April 2026, Atlanta - 28
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29 DSPW employees participated in the prestigious 21-13 Advanced Steam Turbine Stage Aerodynamics panel at ASME Turbo Expo 2026 - June 2026, Milan - Government visit to Doosan Škoda Power - June 2026, Pilsen - 29 1H 2026 HIGHLIGHTS 29
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30 1H 2026 HIGHLIGHTS The Children’s Technical University graduation ceremony Doosan Škoda Power as a partner - June 2026, Pilsen - The charity event „Running for children“ - May 2026, Pilsen - 30
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31 THE ANNUAL GENERAL MEETING OF DOOSAN ŠKODA POWER June 2026, Parkhotel Pilsen The General Meeting approved dividend in total amount of CZK 893 200 000. Dividend per share was 28 CZK. Dividend payment was completed on 7 August, 2026. 31
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ALTERNATIVE PERFORMANCE MEASURES AND RECONCILIATION 32 ALTERNATIVE PERFORMANCE MEASURES & RECONCILIATION 1 CZKm EBITDA 1H 2025 1H 2026 Profit for the period 208 236 + Income tax expenses 1 58 + Interest expenses -0 1 - Interest revenues -39 -37 + Depreciation & Amortization 87 101 EBITDA 257 359 Free Cash Flow (FCF) 1H 2025 1H 2026 Cash from operating activities -372 -644 - Acquisition of property, plant and equipment -42 -95 - Acquisition of intangible property -27 -39 + Proceeds from sale of property, plant and equipment 0 0 - Income tax paid -80 -81 FCF -520 -859 Source: Company‘s Consolidated Financial Figures for the period 1.1.-30.6.2026, unaudited; Note: 1) Figures rounded;
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APPENDIX. FINANCIAL SUMMARY 33 Balance Sheet1Income Statement1 (Unit: CZKm, %) 1H 2025 1H 2026 YoY Backlog 8 173 17 869 +118,6% Turnover 2 610 2 681 +2,7% Operating Profit 198 257 +59 (%) 7,6% 9,6% +2,00% EBITDA 257 359 +102 Net Income 208 236 +27 (Unit: CZKm, %) 2025 1H 2026 Change Current Assets 5 620 5 333 -287 Cash Equivalents 1 857 781 -1076 Non-current Assets 2 628 2 647 +19 Total Assets 8 248 7 980 -268 Total Liabilities 3 378 3 796 +418 Total Equity 4 871 4 184 -686 Liability/Equity 69% 91% +21,4% Source: Company‘s Consolidated Financial Figures for the period 1.1.-30.6.2026, unaudited; Note: 1) Figures rounded;
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APPENDIX. KPIS DEVELOPMENT FOR 2021-2025 ▪ Doosan Škoda Power has been growing its Order Intake at 21,9% CAGR, Revenues at 12,3% CAGR and EBITDA at 25,9% CAGR over the past five years. ▪ Order Intake is recognized in the Backlog upon signing and effectivity of a contractual agreement with a client. ▪ Majority of revenues originating from New Installations (~70%) with Service revenues (~30%) with increased portion of revenues from service is, which is supporting EBITDA growth. ▪ Contract revenue is recognized using the Percentage of completion method based on the proportion of contract costs incurred for work performed relative to the estimated total contract costs. 3 546 4 113 4 811 5 921 5 632 0 1 000 2 000 3 000 4 000 5 000 6 000 2021 2022 2023 2024 2025 CZKm 306 627 662 805 769 2021 2022 2023 2024 2025 CZKm Commentary Development Revenues 2021 – 2025 Development EBITDA 2021 – 2025 4 420 4 961 8 251 6 260 9 759 2021 2022 2023 2024 2025 CZKm Development Order Intake 2021 – 2025 Source: Company‘s Consolidated Financial Figures for the period 1.1.-30.6.2026, unaudited; 34
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