Kyivstar Group (KYIV) Investor presentation summary

Strategic rationale and growth priorities

• Acquisition of six solar plants in Lviv aligns with a strategy to invest in infrastructure and diversify energy sources.

• Focus on acquiring local assets during capital controls to create value and hedge against inflation and currency risk.

• Renewable energy investments support the Ukrainian economy and enhance ESG outcomes.

Details of the solar plant acquisition

• Six solar plants, commissioned between 2017–2025, acquired for UAH 3.6 bn (USD 80.8 mn), totaling 105 MW capacity.

• Plants generated UAH 682 mn revenue and UAH 596 mn EBITDA in 2025, based on unaudited management accounts.

• Acquisition price equates to USD 0.77 mn per MW, with assets accretive from day one.

• 118 MW of renewable capacity (including Sunvin) covers about 30% of annual telecom energy needs.

Operational and financial benefits

• Solar plants supply electricity to Ukraine's grid at market prices with green tariffs.

• Employee-light operational model with outsourced management.

• Assets provide near-term resilience and potential for longer-term monetization.

• Diversifies energy needs and hedges electricity costs.