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 a growing presence in Chile's energy sector.

• Operates electricity and gas transmission, gas distribution, and telecommunications, with regulated concessions extending to 2057 for electricity and 2048 for gas distribution.

• International operations include stakes in Chilean gas and electricity transmission companies, contributing to diversification and growth.

• Maintains a stable regulatory environment with long-term contracts and no consumer credit risk.

• Shareholder structure is diversified, with strong governance and a significant presence of international investors.

Operational excellence and innovation

• Achieves high efficiency and service quality, outperforming international peers in cost and reliability benchmarks.

• Invests in digitalization, automation, and cybersecurity, with ISO 27001 certification and advanced asset monitoring technologies.

• Leads in renewable integration, enabling a high share of renewables in Portugal's energy mix and supporting grid expansion.

• Implements innovative projects such as robotic maintenance, aerial inspections, and digital transformation agendas.

• Maintains minimal supply interruptions and high system reliability.

Financial performance and shareholder returns

• Delivers stable EBITDA and net income, supported by a regulated asset base and efficiency gains.

• International businesses in Chile provide high EBITDA margins and stable cash flows.

• Maintains a balanced credit profile with investment grade ratings and efficient debt management.

• Offers stable and attractive dividends, with a policy to increase dividends at a 2% CAGR until 2027.

• Total shareholder return since IPO significantly outperformed local and European utility indices.