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]

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 March 31, 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) (State or other jurisdiction of in ...

Ormat Technologies, Inc. (NYSE:ORA) Q4 2020 Results Conference Call February 25, 2021 9:00 AM ET Company Participants Rob Fink - Managing Partner Doron Blachar - Chief Executive Officer Assaf Ginzburg - Chief Financial Officer Conference Call Participants Anya Shelekhin - Bank of America Noah Kaye - Oppenheimer Jeffrey Osborne - Cowen Operator Good day, and welcome to the Ormat Technologies Fourth Quarter and Full Year 2020 Earnings Call. [Operator Instructions]. Please note, this event is being recorded. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K 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) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 6140 Plumas Street, Reno, Nevada 89519-6075 (Address of principal executive of ices) (Zip Code) Delaw ...

Ormat Technologies, Inc. (NYSE:ORA) Q1 2021 Earnings Conference Call November 4, 2020 10:00 AM ET Company Participants Rob Fink - FNK Investor Relations Doron Blachar - Chief Executive Officer Assaf Ginzburg - Chief Financial Officer Smadar Lavi - Vice President of Corporate Finance and Investor Relations Conference Call Participants Noah Kaye - Oppenheimer Mark Strouse - JPMorgan Jeff Osborne - Cowen & Co. Operator Good morning, and welcome to the Ormat Technologies Incorporated Q3 2020 Earnings Conference ...

| --- | --- | --- | |----------------------------------|-------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | ORMAT TECHNOLOGIES, INC. | | | | THIRD QUARTER 2020 EARNINGS CALL | | | | NOVEMBER 4, 2020 | | | | | | | | | | | | | | | | | Copyright © Copyright © Copyright © 2020 2020 2020 Ormat Technologies, Inc. Ormat Technologies, Inc. Ormat Technologies, Inc. | | SAFE HARBOR STATEMENT This presentation includes Forwa ...

Ormat Technologies, Inc. (NYSE:ORA) Q2 2020 Earnings Conference Call August 5, 2020 10:00 AM ET Company Participants Rob Fink - FNK Investor Relations Doron Blachar - President & CEO Assaf Ginzburg - CFO Conference Call Participants Noah Kaye - Oppenheimer Mark Strouse - JPMorgan Chase & Co. Jeffrey Osborne - Cowen and Company Gerard Sweeney - ROTH Capital Partners Operator Good day, and welcome to the Ormat Technologies Inc. Second Quarter 2020 Earnings Conference Call. [Operator Instructions]. I would now ...

| --- | --- | --- | --- | |----------------|-----------------------------------|-------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | | ORMAT TECHNOLOGIES, INC. | | | | | SECOND QUARTER 2020 EARNINGS CALL | | | | AUGUST 5, 2020 | | | | | | | | | | | | | | | | | | | | | | Copyright © 2020 Ormat Technologies, Inc. Copyright © 2020 Ormat Technologies, Inc. Copyright © 2020 Ormat Technologies, Inc. | | SAFE HARBOR STA ...