Rubis (RUI) Corporate presentation summary

Business overview and key figures

• Operates in 45 countries across Africa, the Caribbean, and Europe, focusing on energy distribution, storage, and production.

• Market capitalization reached €3.3 billion as of December 2025, with 4,614 employees.

• Achieved a 6% CAGR in dividends from 2015 to 2025, marking 30 consecutive years of dividend growth.

• 2025 EBITDA was €772m (+7% YoY), with net income group share at €309m (+19% YoY).

• Maintains a solid balance sheet with net financial debt/EBITDA at 0.9x.

Strategic positioning and growth model

• Multi-country, multi-segment approach with leading positions in key markets.

• Growth driven by organic expansion, bolt-on acquisitions, and diversification into renewables.

• Strong free cash flow supports both growth investments and consistent dividend distribution.

• Strict investment policy ensures sustainable returns, with renewable projects targeting 7-9% unlevered IRR.

• 2026 outlook projects EBITDA of €740-790m, with continued growth in bitumen and renewables.

Operational performance and diversification

• Energy distribution volumes grew 6% in 2025, with gross margin up 6% to €861m.

• Limited exposure to oil price volatility due to stable margins and ability to pass on costs.

• Renewables portfolio reached 1.4 GW secured capacity, with €47m power EBITDA (+32% YoY).

• Expansion into European bitumen market and increased renewable electricity production.

• Support & Services segment generated €922m revenue and €224m EBITDA in 2025.