Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ Annual Report PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-32347 ORMAT TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 88-0326081 (State or other jurisdiction of incorporation or orga ...

Ormat Technologies, Inc. (NYSE:ORA) Q4 2021 Earnings Conference Call February 24, 2022 10:00 AM ET Company Participants Sam Cohen - Alpha IR Group Doron Blachar - CEO Assaf Ginzburg - CFO Conference Call Participants Noah Kaye - Oppenheimer Anya Weaving - Bank of America Merrill Lynch Operator Good morning, and welcome to the Ormat Technologies Fourth Quarter 2021 Earnings Conference Call. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. Please note that th ...

Ormat Technologies, Inc. (NYSE:ORA) Q3 2021 Earnings Conference Call November 4, 2021 10:00 AM ET Company Participants Jeff Stanlis - FNK Investor Relations Doron Blachar - Chief Executive Officer Assaf Ginzburg - Chief Financial Officer Conference Call Participants Noah Kaye - Oppenheimer Jeff Osborne - Cowen & Company Julien Dumoulin-Smith - Bank of America Securities Operator Hello, and welcome to the Ormat Technologies Q3 2021 Earnings Call. My name is Robyn, and I'll be coordinating your call today. [O ...

| --- | --- | |----------------------------------------|-------| | | | | | | | | | | | | | ORMAT TECHNOLOGIES, INC. EARNINGS CALL | ORMAT | | DORON BLACHAR, CEO ASSI GINZBURG, CFO | | | NOVEMBER 4, 2021 | | SAFE HARBOR STATEMENT AND NON-GAAP METRICS THIS PRESENTATION INCLUDES FORWARD-LOOKING STATEMENTS, AND THE DISCLAIMER SHOULD BE READ CAREFULL Y FORWARD-LOOKING STATEMENTS This presentation, and information provided during any discussion accompanying this presentation, may contain "forward-looking statemen ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-32347 ORMAT TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 88-0326081 (State or ...

Ormat Technologies, Inc. (NYSE:ORA) Q2 2021 Results Conference Call August 5, 2021 10:00 AM ET Company Participants Rob Fink - Investor Relations Doron Blachar - Chief Executive Officer Assaf Ginzburg - Chief Financial Officer Conference Call Participants Noah Kaye - Oppenheimer Julien Dumoulin-Smith - Bank of America Securities Jeff Osborne - Cowen & Company David Lowish - Atlas Ella Fried - Bank Leumi Operator Good morning, and welcome to the Ormat Technologies Second Quarter 2021 Earnings Conference Call ...

| --- | --- | --- | |---------------------------------------|----------------------------------------|-------| | | | | | | | | | | | | | | | | | | ORMAT TECHNOLOGIES, INC. EARNINGS CALL | ORMAT | | DORON BLACHAR, CEO ASSI GINZBURG, CFO | | | | AUGUST 5, 2021 | | | SAFE HARBOR STATEMENT AND NON-GAAP METRICS THIS PRESENTATION INCLUDES FORWARD-LOOKING STATEMENTS, AND THE DISCLAIMER SHOULD BE READ CAREFULL Y FORWARD-LOOKING STATEMENTS This presentation, and information provided during any discussion accompanyin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-32347 ORMAT TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 88-0326081 (State or other ...

| --- | --- | --- | |---------------------------------------|----------------------------------------|-------------------------------------------| | | | | | | | | | | | | | | | | | | ORMAT TECHNOLOGIES, INC. EARNINGS CALL | ORMAT | | DORON BLACHAR, CEO ASSI GINZBURG, CFO | | | | MAY 6, 2021 | | Copyright © 2021 Ormat Technologies, Inc. | SAFE HARBOR STATEMENT AND NON-GAAP METRICS THIS PRESENTATION INCLUDES FORWARD-LOOKING STATEMENTS, AND THE DISCLAIMER SHOULD BE READ CAREFULL Y FORWARD-LOOKING STATEMENTS Th ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2021 was $166 million, down 13.4% from the prior year, primarily due to the product segment impacted by low product backlog from COVID-19 [12] - Consolidated gross profit was $73.6 million, resulting in a gross margin of 44.3%, which is 170 basis points higher than Q1 2020, mainly driven by the storage segment [13] - Net income attributed to stockholders was $15.3 million, or $0.27 per share, compared to $26 million, or $0.51 per share in the same period last year [13] - Adjusted EBITDA decreased 6.4% to $99.2 million in Q1 2021, with the electricity segment generating 96% of total adjusted EBITDA [21] Business Line Data and Key Metrics Changes - Electricity segment revenues increased 1.5% to $145 million, supported by new capacity at the Steamboat Complex and resumed operations at Puna [15] - Product segment revenue declined 82% to $8.6 million, representing 5.2% of total revenues, with expectations of continued decline throughout 2021 [16] - Energy storage segment revenue increased nearly 600% year-over-year to $12.7 million, representing 7.6% of total revenue for the quarter [16] Market Data and Key Metrics Changes - The product segment backlog as of May 5, 2021, was $37 million, with anticipated continued weakness in product revenues during 2021 [35] - The company reported a net debt of $936 million as of March 31, 2021, with cash and restricted cash totaling $465 million [25] Company Strategy and Development Direction - The company views 2021 as a build-up year to accelerate growth in electricity and energy storage segments, aiming to increase its generating portfolio by 50% to approximately 1.5 gigawatts by 2023 [11][44] - The company is focusing on a vertically integrated structure to better allocate manufacturing capacity and resources while supporting electricity segment growth [36] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving growth targets due to ample liquidity, a growing pipeline of opportunities, and government support for renewable energy [55] - The company is optimistic about restoring generating capacity in Kenya through a drilling campaign and expects increased production in the second half of the year [33] Other Important Information - The company declared a quarterly dividend of $0.12 per share, expected to be paid on June 1, 2021 [27] - A special committee was established to investigate claims made in a report by a short seller regarding compliance with anti-corruption laws [52][53] Q&A Session Summary Question: Can you help us bridge the guidance for the electricity segment? - Management noted that the McGinness Hill enhancement came earlier than expected and they believe they can restore capacity in Kenya during the year [58] Question: What is causing the lower resource performance in Kenya? - Management indicated that drilling campaigns are planned to access different reservoirs to restore capacity [59] Question: What is the status of accounts receivable in Kenya? - The relationship with the customer remains stable, with KPLC paying monthly invoices, although there is $45 million in prior unpaid amounts [67] Question: How does the suspension of the PPA for Puna affect revenue? - The existing PPA remains in effect until the end of 2027, and the suspension of the new PPA is expected to increase short-term revenue due to higher pricing [73] Question: What is the outlook for product segment bookings? - Management is negotiating contracts that are expected to impact revenue recognition in Q4 of this year [75] Question: How is the company addressing rising raw material prices? - The company is pricing projects based on current costs, which are impacting the entire industry, not just Ormat [80]