2G Energy AG

Investor Presentation • Nov 24, 2025

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2G Energy AG in a world full of opportunities!

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2G Energy AG in a world full of opportunities!

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2G at a glance.

Foundation: 1995 – HQ in Heek, NRW, Northwest of Germany

Market Cap: app. 450-650 Mio. Euro

Free float: app. 55%

Net sales 2024: 375.6 Mio. Euro (thereof 207 ME machines. 168 ME spare parts)

EBIT 2024: 8.9% EBIT (2023: 7.6%)

Net sales 2025e: 380 to 400 Mio. Euro

Net sales 2026e: 440 to 490 Mio. Euro (CAGR: above 10% last 10 years)

Equity ratio: above 50%

Employees: app. 1000 worldwide

Foreign subsidiaries: 8 Internat. Sale/Service comp.: G7 (USA, CA, UK, F, I, E) + Pol + NL

1 Competence centre: NRGTEQ B.V. in NL (heat pumps)

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2G at a glance.

• Importance to the (European) energy supply:
• more than 10 000 sold power plants in more than 60 countries
• app.2GW actual capacity (compared toaverage German nuclear plant of app. 1.3 GW)
• Competitive situation:
• Germany: the most comprehensive range of products for a decentralized energy supply with base load security
• H2: Technological leader (worldwide)

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2G's product range fits short and long term.

R&D and product design

Supplier selections & partnership

Project Acquisition & Financing

Project planning Sourcing

Assembling/ Quality management

Commissioning Digital

monitoring

Service and maintenance

Great similarities at all levels.

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Key products – Gas2Power - Demand Response.

Demand Response / Grid Guard.

Technical features:

Continuous Power (COP): 420 kW Prime Power (PRP): 470 kW Limited Time Power (LTP): 520 kW Emergency Standby Power (ESP): 550 kW

Positioning and annual operating hours:

Emergency power generator: app. up to 500 hours Demand response: app. 500 – 2'000 hours CHP: above 2'000 hours

Gas2Power: unlimited; 24/7

Ramp-up:

Main market: USA

2025: First installation with launch partner 2026: Full market launch (up to 100 units)

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Customer base - Order intake 2024.

17% Industry and Trade	15% Manufacturing	1% Chemical industry	1% Food industry
17% Service	13% Hospitals and nursing facilities	1% Sports and leisure facilities	3% Housing and public building
65% Energy	28% Public utilities	7% Landfills/ sewage treatment plants	30% D: 13 % Export: 17 % Biogas plants

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Ranking 2024 according to E & M in German.

Germany as the largest and most mature market for CHP: The four leading companies dominate the global market (with varying market shares).

Company in kW		electrical power in kW
		2024		2023		2022		2021
1	INNIO Jenbacher	145.015	26%	213.469	28%	191.209	28%	258.325	31%
2	MWM (Caterpillar)	144.293	26%	160.975	21%	170.774	25%	174.141	21%
3	2G Energy AG	89.377	16%	136.392	18%	77.638	12%	81.851	10%
4	MTU Onsite Energy	85.768	16%	91.230	12%	72.018	11%	48.040	6%
	Total Rest (5-18)	84.320	15%	158.094	21%	162.041	24%	284.107	34%
	Total reported installations	548.773	100%	760.160	100%	673.680	100%	846.464	100%

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• Biomass Act in Germany
• Heat pump in Germany/Europe/RoW

• Gas fired back-up energy infrastructure in Germany
• Reconstruction Ukraine

Data centres in North America and Europe

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On track:

Biomass Act in Germany:

• EU has granted approval, albeit late for the 2.8 GW funding scheme

• Hence, oder intake/execution is late and finalizing (=invoicing) will be postponed to 2026 and following

• The biogas segment in Germany is facing a multi-year demand surge that will sustainably drive growth at 2G.

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On track:

Heat pump in Germany/Europe/RoW:

• Order intake fully on track
• Decided lower industrial electricity price in Germany will further push the demand
• 2025: above 10 Mio. Euro
• 2026: above 20 Mio. Euro
• 2027: appr. 45 Mio. Euro
• => (CAGR > 100%)

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On track:

Gas fired back-up energy infrastructure in Germany:

• German federal government has decided on 10 GW, which must be H2 ready.

• Tenders will begin in 2026, with construction planned for 2031at the latest

• However, finalization of regulatory frame is still outstanding (share of gas turbines vs. gas engines)

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Soon to come:

Reconstruction Ukraine:

• Direct financing (e.g. by GIZ and USAID) was transferred to Ukrainian institutions via refinancing lines
• Ukrainian tendering processes are more complex and lengthier than those with direct foreign financing

However, very latest EU and UN initiatives open up new potentials.

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Current situation.

Soon to come:

Data centres in North America and Europe:

• New data centres are generally no longer connected to the public power grid.
• They therefore require their own power plant that operates 24/7.
• 2G has been establishing its own division since May 2025.
• 2G is currently preparing to participate in a large (!) number of tenders, or in some cases is already participating in tenders.
• This segment is characterized by a sustained structural excess demand.
• 2G is currently in a series of advanced discussions on major projects with investors from this rapidly growing market.

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Foundation of Data Centre Division.

Future potentials of additional large volume :

• Data Centre worldwide:
• 2G Energy is rapidly establishing a dedicated division
• Accreditation for numerous tenders/projects
• Participation in various tenders and project developments

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decade as Japan uses today

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Data Centre: Availability of electricity is most decisive.

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Data Centre: 2G-Stackable containers: 1.0 and 2,5 MW modules.

Modul: avus 1000plus

Power: 1035 kWel per container

Efficiency: up to 43,7 % el

Sound emission: up to 55 dB(A) in 10m

Modul: avus 2000e

Power : 2500 kWel per container

Efficiency: bis 44,1 % el

Sound emission: up to 55 dB(A) in 10m

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2G is prepared.

Group-wide IT solution:

Empowerment of the organization/people through the introduction of a Groupwide IT solution.

Management capacities:

Expansion of management capacities through highly qualified key personnel.

Modern assembly facilities:

Increasing the efficiency of the production site by investing in additional modern assembly facilities.

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2G Energy – in a world full of opportunities.

Step 4: An expansion

2G is prepared.

Increasing the efficiency of the production site by investing in additional modern assembly buildings.

Step 2: Potential for new assembly building

Step 1: Building under construction Motorway A31 Step 3: Conversion of a buffer storage facility into an assembly building. area of 17,000 m2 has already been acquired

app. +40%

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2G Energy – in a world full of opportunities.

2G is prepared.

Increasing the efficiency of the production site by investing in additional modern assembly buildings.

Step 4: An expansion area of 17,000 m2 has already been acquired

Step 4: Potential for new hight capacity assembly building

Motorway A31

app. >100%

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2G Energy – in a world full of opportunities.

Scale market report: 2G Energy AG is the top seller.

Kassamarkt-Statistik: Umsatzstärkste Aktie im Dax war 2024 SAP

Börsen-Zeitung, 4.1.2025 tom Frankfurt – Einer der größten Gewinner im Dax war laut der Kassamarkt-Jahresstatistik der Deutschen Börse für das Jahr 2024 auch das umsatzstärkste Papier im deutschen Leitindex: der Walldorfer Softwareriese SAP. Die Aktie konnte im vergangenen Jahr knapp 70% zulegen, deutlich weniger als Primus Siemens Energy und das Rüstungsunternehmen Rheinmetall, doch wesentlich mehr als alle anderen Index-Mitglieder. Damit hatte das Dax-Schwergewicht auch einen großen Anteil an den 18,8%, um die sich das Börsenbarometer insgesamt 2024 verbesserte.

Börsen-Zeitung, 4.1.2025

tom Frankfurt – Einer der größten Gekitionäre angelockt. SAP war 2024 mit
das Jahr 2024 auch das umsatzstärkste
Papier im deutschen Leitindex: der Walldorfer Softwareriese SAP. Die Aktie

Diese Entwicklung hat auch zahlreiche
Aktionäre angelockt. SAP war 2024 mit
dz. 18 Mrd. Euro das Papier mit dem größten Handelsvolumen auf Xetra im Dax.
Auf SAP folgen der Technologiekonzern
Siemens mit 51,86 Mrd. Euro und die Mercedes-Benz-Gruppe mit 45,89 Mrd. Euro.

Meistgehandelte Aktie im MDax der mittelgroßen Unternehmen war die Aktie der Deutschen Lufthansa mit 9,03 Mrd. Euro. Hier hatten Anleger ein weniger gutes Händchen, die Bilanz der Anteile der Fluggesellschaft war bestenfalls durch wachsen. Auch bei einer Zehn-Jahres-Betrachtung erweist sich die Aktie nicht gerade als Glücksgriff. Unter dem Strich steht ein Minus von durchschnittlich 3,9% jährlich.

Im SDax waren die Papiere des Münchener Biotechnologieunternehmens Morphosys mit einem Volumen von 1,51 Mrd. Euro die meistgehandelte Aktie. Meistgehandelte Aktie im KMU-Segment Scale war die 2G-Energy AG mit 110 Mio. Euro. Im ETF-Segment erzielte der iShares Core MSCI World mit 7,38 Mrd. Euro das größte Volumen auf Xetra im Jahr 2024.

Insgesamt wurde an den Handelsplätzen Börse Frankfurt und Xetra im Jahr 2024 ein Orderbuchumsatz von 1,3 Bill. Euro erzielt. 2023 waren es mit 1,2 Bill. Euro etwas weniger. Dabei entfallen 2024 auf Xetra 1,269 Bill. Euro und auf Frankfurt 41,85 Mrd. Euro. Der durchschnittliche Xetra-Tagesumsatz ist von 4,95 Mrd. Euro im Jahr 2023 auf 5,63 Mrd. Euro im Jahr 2024 angestiegen.

5/01/25 14:26:19

Scale market report: 2G Energy AG is the top seller

From price tripling to heavy losses - everything is possible in the Scale segment. The Scale Index therefore only moved sideways in 2024. The highest turnover was recorded by heat pump manufacturer 2G, while the Verve Group delivered the best share price performance.

15 January, 2025 FRANKFURT (Frankfurt Stock Exchange). The Scale segment is hoping for a better new year. In contrast to large-cap indices such as the DAX, S&P 500 or Euro Stoxx, the performance of the small-cap segment was disappointing in 2024. The Scale All Share moved more or less sideways and closed at 1,115 points at the end of December. On Wednesday morning, the index stood at 1,125 points.

This is due to very different developments: The share price of the top performer, advertising software provider Verve Group (SE0018538068), has still more than tripled on a twelve-month basis, even after the recent price setbacks. Cyan (DE000A2C45V8) and Apontis Pharma (DE000A3CMGM5) have more than doubled in price. And the share prices of MPC Capital (DE000A1TNWJ4) and The Platform Group (DE000A2CEFA1>) have risen by 72 and 31 percent respectively. At the other end of the spectrum, Mynaric (DE000A31C305), Rigsave (IT0005526295), Cilq Digital (DE000A35JS40), EV Digital Invest (DE000A3DD6W5) and Noralis (DE000A2E4MK4) have suffered heavy losses.

2G: high turnover, many recommendations

The most traded Scale share on the marketplaces of Deutsche Börse in 2024 was 26 Energy with a turnover of EUR 114 million. It was followed by Datagroup (98 million), Formycon (83 million), Mensch und Maschine (74 million) and Deutsche Rohstoff (74 million). Also heavily traded: Cliq Digital, Verve Group, Vectron Systems, Ernst Russ and Nabaltec.

The share price of 2G (DE000A0HL8N9) experienced ups and downs in 2024; in the new year, the large heat pump and combined heat and power plant manufacturer is currently trading at EUR 25.35. The share is often recommended as a green investment and is also well received by analysts. Warburg Research (target price EUR 39), SMC Research (EUR 35), First Berlin (EUR 34) and Metzler Capital Markets (EUR 31.90) have all issued buy recommendations.

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Investment case.

• Huge and rapidly growing market potential (Germany, USA, East Europe, G20)
• Strategic resiliency against political decisions and economic developments due to
• Robust country mix and thus independence from individual markets
• Comprehensive fuel mix (H2 inclusive polluted H2, bio-gas, lean-gas, natural gas, gas mixtures …)
• Complementary product portfolio:
  • Demand Response, Grid Guard, Gas2Power
  • CHP
  • Large capacity heat pump
• Tale wind due to various positive effects
• German Biomass-Act, European gas-fired back-up power plants, heat pumps
• Rapidly increasing demand for Data Centres with independent energy supply
• Company fit for strong growth (organizational structure, IT set up, management and production capacities)
• Highest order back lock in company history

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Contact details. Calendar.

Friedrich Pehle CFO

+49 (0) 2568 9347 – 0 www.2-g.com info@2-g.com

2G Energy AG Benzstraße 3 D-48619 Heek - Germany

2025

November 24 November 24-25

Q3 key figures and business trends German Equity Forum, Frankfurt

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