Naturgy Energy Group (NTGY) AGM 2025 summary

Opening remarks and agenda

• AGM held on 25 March 2025, with both in-person and remote attendance, confirming legal constitution and quorum at 71.73% of share capital.

• Notary present to record minutes and ensure transparency in proceedings.

Financial performance review

• 2024 turnover reached €19,267m, EBITDA €5,365m, and net profit €1,901m, with results aligned with 2023 record despite a challenging energy scenario.

• Operating cash flow was nearly €4bn, supporting investments and dividend payments.

• Net debt stood at €12,201m, with a net debt/EBITDA ratio of 2.3x and liquidity over €11,000m.

• Investment maintained at €2,280m, focusing on renewables and distribution networks.

• Over 75% of revenues and results were generated in strong currencies (EUR, USD).

Dividend announcements

• 2024 total dividend set at €1.60/share, with interim payments in August and November 2024 and final payment in April 2025.

• Dividend policy aims for annual growth of €0.10/share, with a floor maintained for 2025-27 and potential increases if treasury stock is not placed.

• Total distributed dividends for 2018-2024 amounted to €9.993bn.