Key messages

Exclusive TSO in

Portugal

Operational excellence

Stable business context

Solid results

Strategic cycle 2021-24

Focused in Portugal with growth oportunities in ChileStable regulatory context with long term contractsHighly efficient and reliable player, committed to innovation and technology

Strong financial discipline leading to attractive shareholder returns

REN at the core of energy transition reinforcing its ESG standards and delivering growth, superior operational performance and solid financials

Key messages

Exclusive TSO in

Portugal

Focused in Portugal with growth oportunities in Chile

70-year track record as a leading energy infrastructure operator focused in Portugal

Foundation of CNE (National Electricity Company)

1947

Foundation of REN - Rede Eléctrica Nacional, S.A.

(EDP's business unit spin-off)

1994

Electricity 50-year concession (2000-2050)

Portuguese State 70% ownership

2nd reprivatization phase (State Grid of China 25%;

Oman Oil 15%)

Acquisition of a 7.5% stake in Hidroeléctrica de Cahora Bassa (HCB)

in Mozambique

2000

Acquisition of natural gas transmission assets to Galp

Natural gas 40-year concession (2006-2046)

2006

2007

2012

1st reprivatization phase (IPO)

Electricity concession period renewed (2007-2057)

2014

2nd reprivatization phase concluded (sale of Portuguese

State's 11% stake)

2015

Acquisition of Galp NG underground storage assets

2017

Acquisition of 42.5% of Electrogas in Chile (gas transmission)

Acquisition of gas distribution company Portgás (2008-2048 concession period) and

REN capital increase

IPO of 4% of HCB shares

Acquisition of Transemel in Chile (electricity transmission)

2021

2019

Issuance of REN's

First Green Bond

(€300M)

2022

Transemel secured 2 new projects for the development and operation of the Buenavista and Buli substations

Exclusive TSO and 2nd largest natural gas DSO in Portugal, with international presence

Business Portfolio

Electricity TransmissionNatural Gas Transmission

Natural Gas Distribution

Telecommunications business

Portugal

9,424 km 331M€

1,375 km 113M€

6,316 km 50M€

Chile

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REN - Redes Energéticas Nacionais SGPS SA published this content on 30 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2023 15:53:07 UTC.