Holaluz consolidates growth with The Rooftop Revolution, reaching 7,023 installations and growing 29.78% in customers

• Normalized EBITDA is €1.2 million at December 31, 2021. During the first quarter of 2022, Holaluz increased the result for the 2021 financial year with an EBITDA of €14.98 million. This is mainly explained by the extraordinary market situation added to Holaluz’s decision not to invest in the growth of the supply portfolio. The company’s total revenue amounts to €571 million as of December 31, 2021.
• The current situation of price volatility has led to a consolidation trend in the sector. Thanks to Holaluz’s price hedging strategy, it has generated a healthy and consolidated income statement, cash and balance sheet that has enabled it to position itself as a leader and establish an M&A strategy that has materialized in the purchase of Bulb Energy’s 23,000 domestic customers in December 2021 and the acquisition of its first three installation companies, with which it has allowed to increase its installation capacity and accelerate its solar growth plan.
• In 2022 Holaluz was recognized by Sustainalytics as the best rated company in the industry category (Utilities) and region. Holaluz is also among the top 3% of companies in Sustainalytics’ global universe of more than 14,000 companies, and among the top 1% of companies in the Utilities category.
• The financial results for 2021 and the first quarter of 2022 consolidate Holaluz as a fast-growing company which, together with its unique value proposition that combines the supply of electricity with the installation and management of solar panels, positions it as a leader in distributed generation through an impactful business model that enables it to respond to the global challenge of energy transition and climate change by connecting people to green energy.

Barcelona, April 29, 2022. Holaluz, a green energy technology company that has been listed on BME Growth since November 2019, today presents its financial results for 2021 and the first quarter of 2022, where it has managed to consolidate its strong growth as the business of solar, the one that greater impulse has registered.

The Roof Revolution, a movement born to transform each square meter of underused roofs into 100% green energy, is consolidated and manages to reach 6,410 installations as of December 31, 2021, which represents an increase of 59.37% compared to the previous year. This growth has increased in the first quarter of the year - marked by the world energy crisis scenario

• where Holaluz has achieved 7,023 photovoltaic installations, being the first company in Spain to achieve this growth in the period of one quarter.

These results confirm a scenario of opportunity for the solar business and consolidate The Rooftop Revolution as a solution to the current context of the global energy crisis, offering savings of over 50% on electricity bills and creating the largest green energy community. from southern Europe.

The electricity and gas sales business grew by 29.78%, reaching 386,548 customers as of December 31, 2021. A figure that reaffirms Holaluz as a fast-growing company despite a year affected by the price crisis in the wholesale market of electricity.

• Total number of clients: 386.540

With the energy sold during 2021, Holaluz has contributed to saving 330,038 tons of CO2 equivalent. In total, Holaluz has prevented around 1.5 million tons of CO2 from entering the atmosphere since its foundation in 2010.

Regarding the financial results, in the year that runs from January to December 2021, the turnover reached the figure of 571 million euros, an increase of 141.98% over the 235.97 million euros of the previous year. Normalized EBITDA stood at 1.2 million euros as of December 31, 2021. During the first quarter of 2022, Holaluz has increased the result for the 2021 financial year with an EBITDA of 14.98 million euros. The current situation of price volatility, added to Holaluz’s decision not to invest in the growth of the supply portfolio, explains this increase.

The Rooftop Revolution: the solution to the global energy crisis.

Holaluz records strong growth in its solar business with a boost in the number of installations in a year marked by an unprecedented price crisis in the electricity sector on a global scale. In this sense, The Rooftop Revolution consolidates as the solution to the global energy and environmental crisis that works for everyone.

To support this strong growth, the company carried out two corporate capital increase operations - one in September for 11.3 million euros and another in December for 7.5 million euros - which have allowed it to support its M&A strategy and boost business growth of solar through the acquisition of installation companies, Katae Energía, Serna Energía and GHC Instalaciones being the first of them. Likewise, in December 2021, the company executed the acquisition of 23,000 customers from the Bulb Energy Spain portfolio with the aim of accelerating its purpose of connecting people to green energy.

These milestones, together with the financial results for 2021 and the first quarter of 2022, consolidate Holaluz as a fast-growing company that, added to its unique value proposition that combines the supply of electricity with the installation and management of solar panels, the They position themselves as a leader in distributed generation through an impact business model that allows us to respond to the global challenge of energy transition and climate change by connecting people to green energy.