REN - Redes Energeticas Nacionais (RENE) Corporate Presentation summary

Strategic positioning and business overview

• Holds exclusive TSO status and is the largest gas DSO in Portugal, with international operations in Chile, Spain, and Mozambique.

• Operates 9,467 km of electricity transmission and 6,541 km of gas distribution networks in Portugal.

• International assets include significant stakes in Chilean gas and electricity transmission, with stable revenues and growth potential.

• Telecommunications business leverages surplus network capacity, offering fiber optics and data services.

• 70-year track record with a history of strategic acquisitions and infrastructure expansion.

Operational excellence and innovation

• Recognized as one of the most efficient TSOs globally, with service levels outperforming peers and lower operational costs.

• Invests in digitalization, smart networks, and innovative projects such as fiber optic sensing and drone monitoring.

• Maintains high reliability, with minimal supply interruptions and strong IT infrastructure.

• 33 R&D and innovation projects underway in 2023, with €1.5M invested in innovation.

• Focus on sustainable development, energy transition, and new business models.

Financial performance and shareholder returns

• Stable EBITDA and net income, supported by a fully regulated domestic business and predictable returns.

• Maintains a balanced credit profile with investment grade ratings and a low cost of debt.

• Delivered a cumulative total shareholder return of 156.5% since IPO, outperforming benchmarks.

• Dividend per share has remained stable and attractive, with a 2% CAGR target until 2027.

• 2023 net income reached €149.2M, with €301.5M invested and an average RAB of €3,547.8M.