REN Redes Energeticas Nacionais SGPS S A : Roadshow Presentation
November 24, 2022 at 12:04 pm EST
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INVESTOR PRESENTATION
November 2022
Key messages
REN
Operational
Stable business
Solid
New strategic
Overview
excellence
context
results
cycle
Exclusive TSO,
Highly efficient and
Stable regulatory
Strong financial
REN at the core of
reliable and
reliable player,
context
discipline leading
energy transition
experienced
committed to
with long term
to attractive
reinforcing its ESG
manager of critical
innovation and
contracts
shareholder
standards and
systems
technology
returns
delivering growth,
superior
operational
performance and
solid financials
2
Key messages
REN
Operational
Stable business
Solid
New strategic
Overview
excellence
context
results
cycle
Exclusive TSO,
Highly efficient and
Stable regulatory
Strong financial
REN at the core of
reliable and
reliable player,
context
discipline leading to
energy transition
experienced
committed to
with long term
attractive
reinforcing its ESG
manager of critical
innovation and
contracts
shareholder returns
standards and
systems
technology
delivering growth,
superior
operational
performance and
solid financials
3
REN Overview
REN has 70-year track 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
1947 1994
Electricity 50-yearconcession (2000-2050)
Portuguese State 70%
ownership
Acquisition of natural gas
transmission assets to Galp
Natural gas 40-yearconcession (2006-2046)
2nd reprivatization phase
2nd reprivatization
(State Grid of China 25%;
phase concluded
Oman Oil 15%)
(sale of Portuguese
Acquisition of a 7.5%
State's 11% stake)
stake in Hidroeléctrica
Acquisition of Transemel in Chile
de Cahora Bassa (HCB)
(electricity transmission)
in Mozambique
2006
2007
2015
2017
2021
2012
2014
2019
1st reprivatization
phase (IPO)
Acquisition of
Electricity
Galp NG
underground
Issuance of REN's
concession
storage assets
period renewed
First Green Bond
(2007-2057)
(€300M)
Acquisition of 42.5% of Electrogas in
Chile (gas transmission)
Acquisition of gas distribution company
Portgás (2008-2048 concession period)
and REN capital increase
4
REN Overview
Exclusive TSO and 2nd largest natural gas DSO in Portugal,
with international presence
Business Portfolio
Electricity
Natural Gas
Natural Gas Telecommunications
Transmission
Transmission
Distribution
business
9,404 km
1,375 km
6,263 km
7M€
Portugal
315M€
112M€
44M€
92 km
166 km
Chile
8M€
US$ 29M
Network
EBITDA
(Sep 2022)
(2021)
5
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REN - Redes Energéticas Nacionais SGPS SA published this content on 24 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2022 17:03:07 UTC.
REN - Redes Energéticas Nacionais, SGPS, S.A. specializes in the operation and concession management of the Portuguese electricity transportation network. Net sales break down by activity sector as follows:
- electricity (63.7%): transportation of electricity from producers to end distributors and consumers, management of the electricity transportation network (connecting user installations to the network, maintenance of the network, etc.). At the end of 2022, the network has a total of 9,424 Km;
- gas (34.8%): transportation of natural gas from producers to end distributors and industrial consumers, underground storage of natural gas, receiving, storage, and regasification of liquid natural gas (LNG), infrastructure construction and maintenance services, etc.;
- telecommunications (1.3%);
- other (0.2%).