Redeia Corporacion S A : Global Vision presentation (Redeia Company Overview 2024)

		Page
1.	Redeia	3
2.	Sustainable commitment	11
3.	Red Eléctrica	26
4.	Redinter	51
5.	Reintel	63
6.	Hispasat	67
7.	Elewit	77
8.	Financial information	80

Redeia  Company overview

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Backbone of the electricity system	Engine for the decarbonisation of	Largest provider of dark fibre
in Spain, ensuring a secure, high	the energy model and sustainable	optic in Spain, essential for
quality, and increasingly	development in Latin America.	offering universal and inclusive
renewable electricity supply.		connectivity.

Leader in digital transformation and	Technological innovation platform to
reduction of the digital gap in Spain	drive energy transition and
and Latin America.	connectivity.

Redeia  Company overview

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Redeia

Transmission and operation of the

electricity system in Spain

Red Eléctrica

100%

Inelfe1

50%

Regulated activity

Energy storage	International	Telecommunications	Innovation and	Financing and
in the Canary	business	business	technology	reinsurance
Islands		(Fibre optics and satellites)

Reincan	Redinter	Reintel	Hispasat	Elewit	Red Eléctrica
100%	100%	51%	89.68%	100%	Finance
100%
								Red Eléctrica
								Financiaciones
Redesur	Red Eléctrica	Redelnor	Red Eléctrica	Red Eléctrica Brasil	100%
(Peru)	Andina-REA	(Peru)	Chile	Argo Energía. 50%	Redcor
Tesur	(Peru)	CCNCM	TEN. 50%	Argo I. 50%
		Reaseguros S.A.
Tesur 2			Redenor. 69.9%
		Argo II. 50%			100%
Tesur 3			Redenor 2. 100%	Argo III. 50%
Tesur 4			Compañía	Argo IV. 50%
				Operadora de	ARGEB. 31.25%
				Infraestructuras
				Eléctricas S.A. 50% Argo V-IX.31.25%

1. Inelfe (Interconexión Eléctrica Francia-España) is a joint venture, established on 1 October 2008 in equal parts by the French and Spanish electricity transmission grid management companies, RE (Red Eléctrica) and RTE (Réseau Transport d'Électricité), responsible for the construction and commissioning of electricity interconnections between France and Spain.

Redeia  Company overview

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 Red Eléctrica is founded as the world's first TSO.

• Years of significant progress in the expansion of the transmission grid.

 Development of the first electricity interconnection between two continents (Spain-Morocco link).

• Start of the development of fibre optics for remote control of facilities.
• Initial public offering of the company.
• Creation of Red Eléctrica Internacional to invest in projects abroad (Peru) in 1999.

 Red Eléctrica joins the Ibex 35.

• Commissioning of the second Spain-Morocco link.
• Creation of the renewable energy control centre (Cecre) in 2006.
• Incorporation of Inelfe for interconnection projects with France in 2008.
• Assumption of system operation and transmission management in non-mainland systems.
• Commissioning of the Peninsula-Balearic Islands link.
• Acquisition of the concession to operate ADIF's fibre optic network in 2014.
• Incorporation of the fibre optic telecommunications business (Reintel) and energy storage projects in the Canary Islands (Reincan).
• Commissioning of the Majorca-Ibiza link. Full integration of the Balearic and mainland system.
• Commissioning of the first interconnection built by Red Eléctrica between Spain and France in 2015.
• Investment in transmission networks in Chile in 2016 (TEN and Redenor).
• Investment in transmission networks in Brazil (Argo Energía).

 Acquisition of Hispasat.

• Start of the Chira-Soria storage project.
• Acquisition by Hispasat of 100% of Axess Networks Solutions Holding.

 Acquisition in Brazil of five electricity transmission concessions.

• Launch of Amazonas Nexus.

Redeia  Company overview

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National and international electricity circuits in operation

National transformation capacity

Positions at substations nationwide

More than Dark fibre optics network

in operation

Technological innovation projects

Revenue	EBITDA	Net profit
Personnel	Market capitalisation

Redeia  Company overview

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• 78 % will be in the transmission network, international interconnections, storage and system operation.

EBITDA margin Net debt / EBITDA

FFO / Net Debt ratio

Maintain

Solid credit rating

2021-2023	2024-2025
EUR 1.0		at least EUR 0.8
per share		per share

Redeia  Company overview

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SEPI

Institutional

0 Treasury stock Retail

(%)

The Company's share capital amounts to EUR 270,540,000, consisting of 541,080,000 fully subscribed and paid-up shares with a par value of EUR 0.50 each.

1.https://www.redeia.com/en/shareholders-and-investors/share/shareholders-structure

2. Data at the close of 2023.

Redeia  Company overview

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