AB “Ignitis grupė” strategy update and Strategic plan 2023–2026 establish even more ambitious Green Generation and decarbonisation targets - Seite 2

We are also committed to maintaining our credit rating of ‘BBB’ and above over the 2023–2026 period.

We are expecting the Group’s adjusted EBITDA in 2026 to be within the range of EUR 470–550 million compared to EUR 332.7 million in 2021 and EUR 469.3 million in 2022. Average adjusted ROCE level in 2023–2026 is expected to reach 6.5–7.5%.

Our strategy also reiterates our commitment of 3% annual dividend growth, representing a dividend yield in 2023–2026 within the range of 6.3–6.9%.

Ignitis Group is also committing to maximise sustainable value by directing its strategic focus towards decarbonisation, OHS, employee experience, diversity and creating sustainable value. Over 85–90% of the investments over the 2023–2026 period will be sustainable and Taxonomy aligned. The sustainable share of adjusted EBITDA in 2026 will reach at least 75.0%. We are committed to maintaining ESG leadership.

Our strategy reflects our focus on the home market – the Baltic states, Poland and Finland. We also explore new opportunities in other EU Member States on the energy transition path.

The updated strategy also reflects the expectations expressed in the Letter of Expectations of the Ministry of Finance of the Republic of Lithuania, which holds 74,99% of the Group’s shares. The Letter of Expectations was updated on 11 May 2023 (link).

You can find the updated strategy of the Group attached below and on our website: https://ignitisgrupe.lt/en/strategy

Public investor presentation:

After the publication of the updated strategy and the Strategic plan 2023–2026, on 23 May 2023, Tuesday, at 1 pm (Vilnius time) / 11 am (London time) we will hold a public investor presentation.

To join the presentation, please register at: https://edge.media-erver.com/mmc/p/jhwy9zy7

You can also join the presentation by phone. To access the dial-in details, please register here. After completing the registration, you will receive dial-in details on your screen and via email. You will be able to dial in by using the provided numbers and entering the unique code or by selecting ‘Call me’ option and providing your phone details for the system to connect you automatically as the presentation starts.

All questions can be directed in advance to the Group’s IR representatives using the contact details below, after registering for the presentation or live during the call.

Presentation slides will be available prior to the presentation:
https://ignitisgrupe.lt/en/reports-and-presentations

For additional information please contact

Communications

Artūras Ketlerius
[phone]
[e-mail]

Investor relations

Ainė Riffel-Grinkevičienė
[phone]
[e-mail]

Attachment

• 01.2_Ignitis Group_Strategy update & Strategic plan 2023-2026