Investor

Presentation

February 2021

INVESTOR PRESENTATION

February 2021

REN'S EQUITY

STORY

Industry-leading

Solid domestic

Disciplined

Strategic

Attractive

energy

business

financial policy

priorities

shareholder

infrastructure

benefiting from a

aiming at

focused on

return

operator in

stable regulatory

optimizing cost of

delivering energy

underpinned by

Portugal

framework and

debt and

in Portugal,

stable dividend

with stable

strengthened

protecting net

enabling the

policy

shareholder base

through inorganic

income

energy transition

growth

and investing in

attractive

opportunities

2

phase (State Grid of China 25%; Oman Oil 15%)
2nd reprivatization

INVESTOR PRESENTATION

February 2021

70-yeartrack record as a leading energy infrastructure operator in Portugal

Foundation of CNE

(National Electricity

Company)

Foundation of REN - Rede Eléctrica Nacional, S.A. (EDP's business unit spin-off)

2000 2006 2007

2nd reprivatization phase

concluded (sale of Portuguese State's 11% stake)

2017 2019

1947

1994

2012

2014

1st reprivatization

phase (IPO)

Acquisition of

Portuguese State

Transemel, an

electricity

acquired a 70% stake

Acquisition of 42.5% of

transmission

Electrogas in Chile

company located in

Acquisition of natural gas

Chile

Acquisition of a NG

transmission assets from

distribution company in

Galp

Portugal

€250M capital increase

3

INVESTOR PRESENTATION

February 2021

The sole electricity Transmission System Operator (TSO)

Electricity

  • Sole TS O (concession until 2057)
  • Transmission of high voltage electricity and overall technical management of the system

Regulated Activities

Electricity

Transmission

Grid

400kV line

220kV line

150kV line

Offshore line

National Dispatch I

National Dispatch II

Generation

Transmission Distribution

Supply

RAB (€M, 9M20)

2.016

Network (Km, 9M20)

9.002

4

INVESTOR PRESENTATION

February 2021

The sole natural gas TSO and the holder of the second-largest natural gas distribution

Natural Gas

  • Sole TSO (concession until 2046)
  • Transportation of high-pressure natural gas and overall technical management of the system
  • Reception, storage and regasification of LNG and underground storage of natural gas
  • In 2017, RE N acquired the second-largestgas distribution network

Regulated Activities

Transmission,

(1 of 11

Import

concessions)

Supply

Storage and

Distribution

LNG Terminal

Natural Gas

Transmission

Grid

Infrastructures in operation

RNTGN - In project

GRMS

Block Valve Station (BV)

National Dispatch

National Dispatch II

Underground Storage

LNG Terminal

Interconnection Point

RAB (€M, 9M20)

948

470

Network (Km, 9M20)

1.375

5.814

5

5

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REN - Redes Energéticas Nacionais SGPS SA published this content on 18 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2021 17:41:09 UTC.