REN - Redes Energeticas Nacionais (RENE) Corporate presentation summary

Exclusive TSO and international presence

• Operates as the exclusive electricity and gas transmission system operator in Portugal, with significant gas distribution and telecom activities, and a growing presence in Chile and Mozambique.

• Manages 9,828 km of electricity and 1,375 km of gas transmission networks in Portugal, and 423 km of electricity transmission in Chile.

• Holds long-term concessions: electricity until 2057, gas transmission until 2046, and gas distribution until 2048.

• International assets include stakes in Electrogas (Chile), Transemel, and Tensa, with stable revenues and growth potential.

Operational excellence and innovation

• Achieves high efficiency and reliability, outperforming international peers in cost and service quality for electricity and gas transmission.

• Invests in digitalization, robotics, drones, and fiber optic sensing for asset monitoring and maintenance.

• Maintains strong cybersecurity, with ISO 27001 certification and high ratings.

• 35 R&D and innovation projects underway in 2024, with €1.9M invested.

Stable business and regulatory context

• Operates under a stable regulatory framework with four-year periods and revenue caps, ensuring cost recovery and efficiency incentives.

• No consumer credit risk; revenues are tariff-based and not dependent on state payments.

• Rate of return indexed to Portuguese government bond yields, with defined minimum and maximum levels.