Redes Energeticas Nacionais Sa · EURONEXT:RENE
Redes Energeticas Nacionais Sa — REN - Redes Energéticas Nacionais — Q1 2026 Earnings Presentation
27 slides from Redes Energeticas Nacionais Sa's earnings presentation, May 7, 2026
Slide 1: Results Presentation 1Q26
07TH MAY 2026 | UNAUDITED INFORMATION RESULTS 1Q26 PRESENTATION
Slide 2: Agenda
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION III SHAPING A FUTURE SUSTAINABLE IO VERVIEW OF THE PERIOD PERFORMANCE BUSINESS II CLOSING REMARKS IV I II III IV OVERVIEW BUSINESS SHAPING A CLOSING OFTHEPERIOD PERFORMANCE SUSTAINABLE REMARKS FUTURE
Slide 3: Overview of the period
I I OFTHEPERIOD OVERVIEW OF THE PERIOD OVERVIEW II III IV I Overview of the period 3
Slide 4: Key messages - Financial
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION KEYMESSAGES - FINANCIAL I I OFTHEPERIOD OVERVIEW OF THE PERIOD OVERVIEW €36.2M €48.5M €143.2M +€21.8M VERSUS €2,390.8M - €20.7M VERSUS II 1Q25 1Q25 + €14.3M VERSUS +€56.1M VERSUS 1Q25 1Q25 III IV EBITDA NetProfit NetDebt CAPEX Excludi
Slide 5: Key messages - Operational
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION KEYMESSAGES - OPERATIONAL I I OFTHEPERIOD OVERVIEW OF THE PERIOD OVERVIEW II RENEWABLE ENERGY INNOVATION REMAINS REINFORCE SUSTAINABILITY REGULATION III SOURCES A PRIORITY COMMITMENTS HIGHLIGHTS In the first three months of Operatio
Slide 6: Business Performance
I II II BUSINESSPERFORMANCE BUSINESS PERFORMANCE III IV II BUSINESS PERFORMANCE 6
Slide 7: Business Highlights
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION In 1Q26, service quality and system reliability remained BUSINESS HIGHLIGHTS I strong, with electricity availability at 98.7% and gas transmission close to 100%. Renewables continued to play a central role, representing over 80% of tota
Slide 8: Financial Highlights
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION FINANCIAL HIGHLIGHTS Net Profit improvement, increase in I Net Debt, and decrease in capex II II BUSINESSPERFORMANCE BUSINESS PERFORMANCE EBITDA +€ 14,3M Financial Results - € 0.1M Net Profit +€ 21.8M (+11.1%) (-0.7 %) (+150.7 %) €143.2
Slide 9: EBITDA
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION Increase in EBITDA driven by higher Assets and opex remuneration in EBITDA I domestic business, and increase in international business performance, partially offset by higher Opex in domestic business II II BUSINESSPERFORMANCE BUSINESS
Slide 10: RoR Evolution
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION ROR EVOLUTION Increase in the Base Return on RAB, driven by the new I electricity regulatory period, which introduced a revised starting point for the RoR II II BUSINESSPERFORMANCE BUSINESS PERFORMANCE Portuguese 10Y Treasury Bond Yield
Slide 11: Investment - Domestic Business
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION INVESTMENT I Both Capex and Transfers to RAB decreased in 1Q26 DOMESTIC BUSINESS II II KEY HIGHLIGHTS BUSINESSPERFORMANCE BUSINESS PERFORMANCE Transfers to RAB - €M - € 16.6M ELECTRICITY (- 84.2 %) 19.7 Electricity CAPEX decrease is p
Slide 12: RAB Returns - Domestic Business
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION RAB RETURNS RAB remuneration fell driven mostly by the decrease in the I asset base DOMESTIC BUSINESS II II BUSINESSPERFORMANCE BUSINESS PERFORMANCE Return on RAB evolution breakdown- €M Electricity1 Gas Transmission Gas Distribution Re
Slide 13: OPEX - Domestic Business
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION OPEX I OPEX increased 4.0% YoY, DOMESTIC BUSINESS while Core OPEX grew 4.2% II II KEY HIGHLIGHTS BUSINESSPERFORMANCE Core OPEX1 evolution- €M BUSINESS PERFORMANCE +€ 1.2M (+4.2 %) Personnel Costs 0.2 29.3 General increases and headcou
Slide 14: International Business - Chile Highlights
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION CHILE HIGHLIGHTS I INTERNATIONAL BUSINESS TRANSEMEL & TENSA (100%) EBITDA increased YoY, mainly driven by + €0.8M from Tensa recognized in II Solid performance from the Chilean results since May 2025, as well as higher revenues and lowe
Slide 15: Below EBITDA
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION BELOW EBITDA Increase in amortizations and decrease in taxes given I mostly the decrease in CESE II II BUSINESSPERFORMANCE BUSINESS PERFORMANCE Financial results Depreciation Taxes & Amortization - €16.9M - €0.1M (-0.7 %) III 1Q25 - € 1
Slide 16: Net Profit
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION NET PROFIT I II II Net Profit increased as a result of higher EBITDA BUSINESSPERFORMANCE BUSINESS PERFORMANCE and lower CESE Net profit evolution breakdown- €M € 21.8M (150.7 %) Incr ease in EBITDA of €14.3M reflecting 14.6 stronger d
Slide 17: Debt
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION DEBT I Decrease in Net Debt, as operating cash flow and tariff deviations inflows were partially offset by capex and interest payments II II BUSINESSPERFORMANCE BUSINESS PERFORMANCE Net Debt evolution- €M Cost Adjusted Gross Debt Maturi
Slide 18: Share Price & Shareholder Return
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION SHARE PRICE & SHAREHOLDER RETURN I REN Total Shareholder Return in the first quarter was positive, with performance above European and II II Portuguese indices BUSINESSPERFORMANCE BUSINESS PERFORMANCE Annualized closing prices 1 - % Ana
Slide 19: Shaping a Sustainable Future
I II III III SHAPING A SUSTAINABLE FUTURE SHAPING A SUSTAINABLE FUTURE IV III SHAPING A SUSTAINABLE FUTURE 19
Slide 20: ESG Performance at a Glance
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION ESG PERFORMANCE AT A GLANCE I II INDICATOR UNIT Q1 2026 Q1 2025 YoY III III SHAPING A SUSTAINABLE FUTURE Energy consumption 1 M Wh 354,999 352,242 1% SHAPING A SUSTAINABLE FUTURE Environment Energy transmission and distribution 2 (1) GW
Slide 21: Reinforced Sustainability Commitments
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION REINFORCED SUSTAINABILITY COMMITMENTS I II III ENVIRONMENT SOCIAL GOVERNANCE III SHAPING A SUSTAINABLE FUTURE SHAPING A SUSTAINABLE FUTURE REN is among the most advanced European Storm Kristin: REN mobilises teams to restore REN i
Slide 22: Highest ESG Standards
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION HIGHEST ESG STANDARDS I IMPROVING OUR PERFORMANCE IN INTERNATIONAL ESG SCORES II III III SHAPING A SUSTAINABLE FUTURE SHAPING A SUSTAINABLE FUTURE SCALE SCORE SCALE SCORE SCALE SCORE SCALE SCORE D-A A 0 - 100 78 CCC - AAA AAA D-A B STRE
Slide 23: Closing Remarks
I II III IV IV CLOSINGREMARKS CLOSING REMARKS IV CLOSING REMARKS 23
Slide 24: Closing Remarks
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION CLOSING REMARKS I FIRST QUARTER OF THE YEAR MARKED BY POSITIVE OPERATIONAL RESULTS AND POSITIVE FISCAL DEVELOPMENTS II III IV €36.2M €2.390,8M IV €143.2M €48.5M CLOSINGREMARKS CLOSING REMARKS +150.7 % VERSUS 1Q25 +2.4 % VERSUS 1Q25 +11.
Slide 25: Disclaimer
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION DISCLAIMER This document has been prepared by REN – Redes Energéticas Nacionais, SGPS, S .A (the "Company") and its purpose is merely informative . As such, this document may be amended and supplemented at the discretion of presentation
Slide 26: Contacts
RESULTS PRESENTATION 1Q26 07TH MAY 2026 | UNAUDITED INFORMATION CONTACTS Visit our website www.ren.pt Or contact us: Madalena Garrido – Head of IR Mariana Asseiceiro Telma Mendes
Slide 27: Results Presentation
RESULTS PRESENTATION 1Q26 Avenida Estados Unidos da América , 55, 1749 -061, Lisboa - Portugal ir@ren.pt
REN - Redes Energéticas Nacionais — Q1 2026 Earnings Presentation on 6ix