REN Redes Energeticas Nacionais SGPS S A : Apresentação Roadshow (versão inglesa)
October 06, 2021 at 03:36 pm
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Investors Presentation
September 2021
INVESTOR PRESENTATION
REN has a 70-year track record as a leading energy infrastructure operator in Portugal, and since 2017 in Chile
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 (State Grid of China 25%; Oman Oil 15%)
2nd reprivatization phase concluded
(sale of Portuguese State's 11% stake)
20172019
1947
1994
2012
2014
Acquisition of 42.5% of
Electrogas in Chile
Portuguese State
Acquisition of a NG
acquired a 70% stake
distribution company in
Portugal
Acquisition of natural gas
€250 M capital increase
transmission assets from Galp
Acquisition of Transemel, an
1st reprivatization
electricity transmission
phase (IPO)
company in Chile
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INVESTOR PRESENTATION
REN is at the core of decarbonization in Portugal, enabling ~13 GW renewables expansion in the last 15 years
REN has enabled green sources to grow in Portugal…
Installed capacity of renewables,
GW
25
19
6
2005
2021
2030
REN's investment of >€3.1 B to electricity grid
maintenance and expansion allowed Portugal to be a clear
leader in EU
(~50% of electricity volume from green sources in 2020 YE for
Portugal vs. ~35% for Europe)
while keeping a stable and reliable service
+€460 M
Domestic capex
in 2018-20
24 days
of 100% renewable
energy in 2020
0.00 min
of gas supply
interruption duration per offtake in 2020
0.03 min
of electricity average
interruption time in
2020
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INVESTOR PRESENTATION
REN displays a reliable and consistent performance for all stakeholders
EconomySocietyPeopleInvestors
~€4 B
~11 M
~700
~60%
invested in Portuguese
people connected to grid
employees in stable team
shareholder return vs.
infrastructure since 2005
with no material
(>65% with bachelor
~50% of peer group1 and
interruption time
degree)
~30% of PSI-20
~95%
+1 M
+1,300
~6%
of payments directed to
trees of indigenous
Indirect collaborators
dividend yield vs. ~5% of
national suppliers /
species
(service providers and
peer group1 and ~4% of
industry partners
planted since 2010
contractors)
PSI-20
~40%
>39,000
Commitment
average effective tax rate
hectares
kept with industry partners,
vs. 23% for top PSI-20 in
even during challenging
2018-19
of forest cleaning in the last
times (Covid)
7 years
1. Considering 5 reference European TSO peers
4
INVESTOR PRESENTATION
Going forward, key trends will shape the industry and REN is well positioned to be successful in this context
Need for immediate individual
and collective solutions to deal with current extreme climate challenges
Global warming and
consequent weather shifts
events affect the energy sector, leading to more frequent power interruptions
Actions to tackle climate change
Paris Agreement with international commitments to limit global warming to 1.5 degrees Celsius by achieving climate neutrality
European Green Deal with a range of policies to facilitate the 2050 climate neutrality target and cut +55% CO2 emissions by 2030
Investment of ~€2 Tn in power T&D over 2019-40 to ensure energy transition in Europe
Development of green solutions to enable expected increase in green hydrogen demand, reaching 650 million tons by 2050
Source: Paris Agreement; European Green Deal; Hydrogen Council; World Energy Outlook; OECD/IEA 2019
5
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REN - Redes Energéticas Nacionais SGPS SA published this content on 06 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2021 14:35:03 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%).
REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A. 
