Redeia (REE) Company presentation summary

Business overview and structure

• Operates as a global manager of essential infrastructure, focusing on electricity transmission, telecommunications, and technological innovation.

• Structured as a holding company with regulated activities accounting for around 90% of EBITDA.

• Key subsidiaries include Red Eléctrica (Spain TSO), Redinter (Latin America), Reintel (telecoms), and Elewit (innovation).

• International presence in Peru, Chile, and Brazil, managing over 7,600 km of electrical circuits abroad.

Financial performance and investment

• 2025 revenue reached €1,716 million, EBITDA €1,258 million, and net profit €506 million.

• Group investments for 2021-2025 totaled €5.4 billion, exceeding targets, with €4.4 billion in TSO investments.

• Net debt stood at €5,474 million in 2025, with 81% of financing sources sustainable.

• Dividend policy ensures €0.8 per share for 2025, growing 2% annually to €0.87 by 2029.

• 2026-2029 plan targets over €6.5 billion in investments, mainly in TSO, with no capital increase required.

Strategic plan and growth

• Strategic Plan 2026-2029 focuses on TSO growth, energy transition, technological innovation, and talent development.

• Over 90% of investment earmarked for TSO to implement the National Transmission Plan.

• Major projects include the Bay of Biscay HVDC interconnector and new 400 kV AC axes.

• RAB expected to exceed €15 billion by 2031, driven by new assets and energy transition investments.