Societatea Energetica Electrica S.a. · BVB:EL
Societatea Energetica Electrica — Q1 2025 Earnings Presentation
88 slides from Societatea Energetica Electrica's earnings presentation, May 29, 2025
Slide 1: Presentation of Q1 2025 Financial Results
Bucharest, 29 May 2025 Presentation of Q1 2025 Financial Results (Acc. IFRS-EU)
Slide 2: Content
Content 1 Electrica Group’s overview 2 Q1 2025 Group’s Financial Results 3 Main Corporate Events 4 Group Strategy Implementation 5 Shareholdings’ Structure and Evolution of the Shares & GDRs Regulatory Aspects - Distribution 6 o Appendices o Regulatory Aspects - Supply 2
Slide 3: Disclaimer
This document was prepared by Electrica for the presentation of Q1 2025 DISCLAIMER financial results and has an informative nature. This presentation is not an offer, an invitation or recommendation to trade the securities issued by Electrica. The results presented are The consolidated financial sta
Slide 4: Electrica Group overview
Electrica Group overview oO S ® a) is ed i) i) = e
Slide 5: Electrica is the most important national distribution operator and electricity supplier
Electrica is the most important national distribution operator and the electricity supplier with the most places of consumption Electricity Distribution Electricity Supply Users Voltage lines Distributed Energy Consumption Total market share Electricty supplied places 17.16% (Jan 2025) on the retail
Slide 6: Leading Player in Distribution and Supply
Leading Player in Distribution and Supply Distribution Supply Volumes Distributed in 2023 Volumes Supplied in 2024 Volumes Supplied in Jan 2025 DEER TN 15.48% 17.16% 12.8% DEER TS ELECTRICA FURNIZARE 13.4% DEER MN 48.1 TWh Others 4.2 TWh 43.37 TWh Others 60.7% 13.0% Electrica: 39.3% 82.84% 84.52% Ar
Slide 7: Electrica showcases remarkable performance in 11 years since its 2014 dual listing
Electrica showcases remarkable performance in 11 years since its 2014 dual listing o The dividends granted by Electrica from the listing to date have offered the most stable returns out of all BET companies, between 5.2% and 7.3%, in the period 2015- Electrica is the only listed Romanian company act
Slide 8: Corporate Governance Bodies
Corporate Governance Bodies o Mr. Mihai Diaconu – Chair Board of o Mr. Dragos-Valentin Neacsu (independent) Directors o Mr. Adrian-Florin Lotrean (independent) o Mr. Ion-Cosmin Petrescu Current Composition o Ms. Georgiana Bogasievici mandates until 26 Jan 2028 o Mr. Marian Cristian Mocanu (independe
Slide 9: Corporate Governance Bodies - Non-Executive Management
Corporate Governance Bodies - Non-Executive Management Board of Directors - Current composition – with mandates until 26 January 2028 Mr. Mihai Diaconu Mr. Dragos Neacsu Chair of the Board of Directors Mr. Adrian Lotrean Non-executive Independent Director since Non-executive Interim Director, electe
Slide 10: Corporate Governance Bodies – Executive Management
Corporate Governance Bodies – Executive Management https://www.electrica.ro/en/investors/corporate- governance/executive-management/ Mr. Alexandru-Aurelian Chirita Chief Executive Officer 17 May 2022 – 31 December 2026 Mr. Stefan Frangulea Ms. Andreea Lambru Chief Financial Officer Chief Business De
Slide 11: Group's financial results Q1 2025
Group’s financial 2 results Q1 2025 (acc. IFRS-EU)
Slide 12: Summary Consolidated Financials (IFRS-EU)
Summary Consolidated Financials (IFRS-EU) Revenues EBITDA Growth and Margin Performance (RON mn.) EBITDA (RON mn.) and EBITDA Margin (%) 9,817 8,995 543 17.5% 17.9% 542 15.1% 1,800 20.0% 1,600 18.2% 18.0% 16.0% 1,400 14.0% 1,200 12.0% 9,273 1,714 1,000 8,454 10.0% 2,234 2,519 1,360 800 8.0% 600 146
Slide 13: Consolidated EBITDA and Net Result Evolution (IFRS-EU)
Consolidated EBITDA and Net Result Evolution (IFRS-EU) The consolidated EBITDA variation 3M 2025 vs. 3M 2024 is positive of RON 59 mn., being mostly the EBITDA (RON mn.) cumulated effect of the factors below: ❑ The positive variation of the energy margin RON +78 mn., thereof: 78 7 459 • RON +99 mn.
Slide 14: Distribution Segment – Highlights (IFRS-EU)
Distribution Segment – Highlights (IFRS-EU) Key figures Q1 2024 Financial results Users Voltage lines ~3.98 million 204,799 km EBITDA increased by RON 81 mn., mainly due to the evolution of: ▲ increase in energy margins by RON +99 mn., as an effect of: Distributed Energy ➢ increase in energy revenue
Slide 15: Distribution segment – main aspects (IFRS-EU)
Distribution segment – main aspects (IFRS-EU) Distributed energy margin Relevant regulatory information: (RON mn.) The positive regulated result for Q1 2025 of RON 241 mn. does not include the effect of the capitalization of the negative deviation of the cost of NL - in realized values this was RON
Slide 16: RRAB Analysis for distribution segment for 2025
RRAB Analysis for distribution segment for 2025 (RON mn.) 900 34 79 814 800 (33) 138 734 32 700 48 684 (106) 636 581 15 (72) (69) 600 500 400 (217) 300 200 148 (257) (26) 100 0 Increase Decrease Total Subsidies*, diff. Amz. Accounting vs Regulation, Provisions SOURCE: COMPANY DATA GROUP’S FINANCIAL
Slide 17: Distribution Segment in Q1 2025 – Regulated Net Result Analysis
Total net 1,123 revenue NL realized (412) OPEX (291) GROUP’S FINANCIAL RESULTS Regulated amortiz. (179) Regulated 241 result 2025 YTD NL Capitalization 42 29 Subsidies revenues Accounting deprec. (214) Regulated deprec. 179 3 Provision adjust. Monopoly tax (3) Other elem. not incl. (4) in reg. res.
Slide 18: DEER – largest distribution operator in Romania
DEER – largest distribution operator in Romania Distribution Tarriffs (RON/MWh) Users Voltage lines 34.72 34.14 300 31.23 ~3.98 million 204,779 km LV 74.69 29.09 31.22 80.69 250 69.44 29.55 23.35 28.48 71.38 74.86 24.63 63.05 Distributed Energy 200 56.7 23.77 62.32 RAB: RON 8.4 bn 54.52 MV 4.61 TWh
Slide 19: Financial impact of electricity market evolution - distribution
The financial impact of the electricity market perspectives evolution - distribution Evolution of the cost of electricity needed to cover NL (net with income) ❑ In Q1 2025, the cost of electricity purchased for NL (net with income) coverage increased by RON 87 mn., or 26.9%, from RON 324 mn. in Q1 2
Slide 20: Supply segment – Electrica Furnizare (IFRS-EU)
Supply segment – Electrica Furnizare (IFRS-EU) EBITDA decreased by RON 25 mn. compared to Q1 2024, mainly following the evolution of the factors below: ~3.5 mn. consumption places ➢ the increase in revenues from the supply of electricity and natural gas by RON 203 mn., mainly as a result of the incr
Slide 21: Electrica Furnizare was market leader in the first month of 2025
Electrica Furnizare was market leader in the first month of 2025, ranking 3rd place on Competitive market The supply market consists of the competitive segment, the universal service segment (US) and the supplier of last resort (SoLR) segment. The competitive segment comprises 88 suppliers (includin
Slide 22: Supply - key aspects – 3M 2025
Supply - key aspects – 3M 2025 Volume of Electricity Supplied Volume of Electricity Supplied Number of consumption places at Number of consumption on Retail Market 3M 2025 on Retail Market 3M 2025 31 March 2025 (mn.) split by places at 31 March 2025 (mn.) (TWh) split by segment (TWh) segment 3.5 3.5
Slide 23: Electricity market evolution – supply – 3M 2025 (1/3)
The financial impact of the electricity market perspectives evolution – supply – 3M 2025 (1/3) Throughout January – March 2025 the gross margin achieved was RON 136 mn., RON 22 mn. less than the level achieved in Q1 2025 (RON 158 mn.), and in terms of quantities there was an increase of ELECTRICITY
Slide 24: Electricity market evolution – supply – 3M 2025 (2/3)
The financial impact of the electricity market perspectives evolution – supply – 3M 2025 (2/3) Purchase prices evolution ELECTRICITY MARKET o The first quarter of 2025 was characterized by low liquidity in the wholesale market generated by the low number of offers for sale, reluctance to enter into
Slide 25: Receivables status – supply (3/3)
The financial impact of the electricity market perspectives evolution – supply – 3M 2025 (3/3) Receivables’ analysis (acc. OMFP 1802/2014) RECEIVABLES STATUS o The balance of receivables increased by 2% (RON +71 mn.) at March 2025 compared to December 2024 and amounted to RON 3,767 mn. o Outstanding
Slide 26: Electrica Serv (SERV) (IFRS-EU)
Electrica Serv (SERV) (IFRS-EU) General overview Revenues (RON mn.) SERV provides repair and other energy-related services to third parties, as well as several services to the companies within the group (vehicles rental, building rental etc.). 120 SERV will multiply its efforts to develop the market
Slide 27: Production Segment (IFRS-EU)
Production Segment (IFRS-EU) General overview Starting with the year 2020, the Electrica Group proposed the development of a portfolio of electricity production capacities from renewable sources (wind and photovoltaic). At the Production Segment – Structure at 31 March 2025 moment, the production se
Slide 28: Group Liquidity
Group Liquidity ❑ At Group level, the total liquidity available in cash and GROUP LIQUIDITY overdraft limits as of 31 March 2025 was RON 2,072 mn., Total liquidity 2,072 mainly due to the lower level of use of the overdraft limits (RON mn.) in the distribution and supply segments. The level of cash
Slide 29: Distribution of dividends
Distribution of dividends Distributed gross dividends and distribution rates(2) Gross dividend per share (RON) and (2014 – 2024) (mn. RON / %) Dividend Yield(1) (%) 6.9% 6.9% 7.3% 6.0% 6.8% 5.2% 5.2% 6.1% 0.8600 0.7217 0.7415 0.7237 0.7300 0.7248 0.7300 100% 306 292 292 283 283 250 248 248 246 245 2
Slide 30: Main Corporate Events
3 Main Corporate Events
Slide 31: Relevant Corporate Events in 2025 (1/3) – GMS
Relevant Corporate Events in 2025 and up to date (1/3) ▪ On 5 February 2025, the OGMS and EGMS took place, physically and online, through the voting platform https://electrica.voting.ro/, with a quorum of ELSA’S GMS approx. 88% of the total voting rights, which mainly approved: o Election of Mr. Mih
Slide 32: Relevant Corporate Events in 2025 (2/3) – BoD decisions
Relevant Corporate Events in 2025 and up to date (2/3) ▪ On 29 January 2025, the ELSA Board of Directors elected Mr. Mihai Diaconu as Chairman of the Board of Directors starting with 1 February 2025, for the MAIN DECISIONS OF THE BOD duration of his mandate as director and established the compositio
Slide 33: Relevant Corporate Events in 2025 (3/3)
Relevant Corporate Events in 2025 and up to date (3/3) ▪ In 31 January 2025, the second 4-year term of the Executive Director of the Distribution Department, Ms. Livioara Sujdea, effectively ended. OTHER RELEVANT EVENTS ▪ On 7 February 2025, ELSA acquired the rest of the shares up to 100% of the sha
Slide 34: Group Strategy implementation
4 Group Strategy implementation
Slide 35: Electrica Group – Corporate Strategic Objectives
Electrica Group – Corporate Strategic Objectives (updated December 2024) o Renewable energy production - Target 2030 - 1000 MWh, Sustainable growth of profitability o Energy storage 2030 target: 900 MWh Development of energy production o Analysis of the possibilities of implementing predictable web
Slide 36: Sustainability is one of the Values of Electrica
Sustainability is one of the Values of Electrica As important steps we can list: The elements of novelty that we can identify concern the strategic orientation at the company level to ensure that we align ourselves with the o the establishment and functioning of the Climate Governance and Public hig
Slide 37: Shareholdings' structure and evolution of the shares and GDRs
Shareholdings’ structure 5 and evolution of the shares and GDRs
Slide 38: Monthly Volume and Average Price of Electrica's Shares and GDRs
Monthly Volume and Average Price of Electrica’s Shares and GDRs (1 Jan 2024 – 26 May 2025) 14,000,000 16.00 12,000,000 11,603,624 13.12 14.00 12.80 10,000,000 13.00 12.00 11.53 12.10 10.30 10.00 8,000,000 8.00 6,000,000 4,407,763 4,476,413 6.00 4,087,754 4,000,000 3,134,591 2,304,589 2,424,072 4.00
Slide 39: Electrica's adjusted closing price vs BET-TR
Electrica’s adjusted closing price vs BET-TR (1 January 2025 – 26 May 2025) EL: 6.06% BET-TR: 7.97% 20.00 15.00 7.97 10.00 1.52 5.00 6.06 0.00 0.61 -5.00 -10.00 -15.00 -20.00 BET-TR Electrica adjusted price with dividends SHAREHOLDINGS’ STRUCTURE AND EVOLUTION OF THE SHARES AND GDRS 39
Slide 40: Median monthly volume vs FTSE Russell liquidity threshold
Electrica’s Median monthly volume vs FTSE Russell liquidity threshold (admission and maintenance) - 1 January 2023 – 30 April 2025 250,000 250,000 Second maintenance 200,000 200,000 Third maintenance First maintenance 150,000 150,000 271,539 247,766 100,000 100,000 76,734 130,317 124,081 114,403 99,
Slide 41: Shareholder Structure at 31 March 2025
Shareholder Structure at 31 March 2025 • NN Group NV own, directly or indirectly, between 10% and 33% of the total number of share with voting right • Paval Holding and Allianz SE own, directly or indirectly, between 5% and 10% of the total number of shares with voting right SHAREHOLDINGS’ STRUCTURE
Slide 42: Appendices
Appendices 6 Regulatory Aspects – Distribution Regulatory Aspects – Supply
Slide 43: Important Regulatory Changes – Distribution Activity (1/5)
Important Regulatory Changes – Distribution Activity (1/5) ❑ RP5 Regulations on Distribution tariffs DISTRIBUTION ACTIVITY o RRR: for RP5 was approved by ANRE Order no. 55/6.08.2024, the value of 6.94% for RRR. o Methodology for establishing distribution tariffs - for RP5 was approved by ANRE Order
Slide 44: Important Regulatory Changes – Distribution Activity (2/5)
Important Regulatory Changes – Distribution Activity (2/5) ❑ The methodology for establishing distribution tariffs for RP5 was approved by ANRE Order no. 67/17Sep2024 and entered into force on 20Sep2024 I. OPEX: DISTRIBUTION ACTIVITY ▪ OPEXC and the efficiency factor will be established based on the
Slide 45: Important Regulatory Changes – Distribution Activity (3/5)
Important Regulatory Changes – Distribution Activity (3/5) ❑ ANRE Order no. 97/20.12.2024 regarding the approval of the specific tariffs for the electricity distribution service and the price for reactive electricity, valid from 1 January 2025, for DEER., as well as the values of the investment plan
Slide 46: Important Regulatory Changes – Distribution Activity (4/5)
Important Regulatory Changes – Distribution Activity (4/5) ❑ ANRE order no. 53/30.07.2024 for the approval of the Methodology regarding the allocation of the electrical network capacity for the connection of the producers, as well as for the modification and completion of some ANRE orders in the fie
Slide 47: Important Regulatory Changes – Distribution Activity (5/5)
Important Regulatory Changes – Distribution Activity (5/5) ❑ Draft Order regarding the approval of the Methodology for establishing performance indicators in relation to the development of smart grid that promotes energy efficiency and the integration of electricity produced from renewable sources.
Slide 48: Methodology for establishing distribution tariffs RP5
Methodology for establishing distribution tariffs RP5 Regulated Revenue VR = VR nonNL 1 + VR NL A 1 2 3 4 5 6 B 7 8 9 Reactive Revenue non NL 2 = OPEX Contr 3 + OPEX Noncontr + 3 Amortization + RRAB 4 - Revenue&other activities profit + KVP VR NL Useful NL + useful S = VR VR NL + VR NL useful T • St
Slide 49: Changes in distribution tariffs methodology (1/3)
Changes in distribution tariffs methodology (1/3) Methodology for establishing distribution tariffs - Summary RP5 vs RP4 RP4 RP5 OPEX Controllable – Costs that must be made more efficient do not OPEX Controllable – Costs that must be made more efficient do not include PEX include PEX and OSH; effici
Slide 50: Changes in distribution tariffs methodology (2/3)
Changes in distribution tariffs methodology (2/3) Methodology for establishing distribution tariffs - Comparative elements RP5 vs RP4 Cost of capital Methodology RP4 Methodology RP5 1. RAB includes: used assets for the distribution service, which 1. RAB includes: idem RP4 are registered in the DSO a
Slide 51: Changes in distribution tariffs methodology (3/3)
Changes in distribution tariffs methodology (3/3) Methodology for establishing distribution tariffs - Comparative elements RP5 vs RP4 OPEX & NL Methodology RP4 Methodology RP5 1. OPEXC start is established on the basis of OPEX study made by ANRE 1. OPEXC start is established by benchmarking analysis
Slide 52: 2025 – Supply (1/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (1/33) GEO no. 27/2022 on the measures enforceable for the end consumers of the electricity and natural gas market from 1 April 2022 until 31 March 2023, amending PRIMARY LEGISLATION and completing some energy-related legal
Slide 53: 2025 – Supply (2/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (2/33) Law No. 206/2022 to approve Government Emergency Ordinance No. 27/2022 regarding the measures applicable to final customers on the electrical energy PRIMARY LEGISLATION and natural gas market during 1 April 2022 – 31
Slide 54: 2025 – Supply (3/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (3/33) GEO no. 119/2022 - to amend and supplement the GEO no.98 27/2022 on the measures applicable to final customers on the electrical energy and natural gas PRIMARY LEGISLATION market during 1 April 2022 – 31 March 2023, a
Slide 55: 2025 – Supply (4/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (4/33) Law no. 357/2022 - Law on the approval of Government Emergency Ordinance no. 119/2022 for the modification and completion of Government Emergency PRIMARY LEGISLATION Ordinance no. 27/2022 on the measures applicable to
Slide 56: 2025 – Supply (5/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (5/33) • maximum 1 leu/kWh, for the full consumption of public and private hospitals, public and private education units, nurseries and public and private PRIMARY LEGISLATION providers of social services as listed in the Nom
Slide 57: 2025 – Supply (6/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (6/33) Law no. 5/2023 - Law on the modification and completion of Law no. 220/2008 on the establishment of the system for the promotion of energy production from PRIMARY LEGISLATION renewable energy sources o modifies and co
Slide 58: 2025 – Supply (7/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (7/33) GEO no. 30/2023 — Ordinance for the establishment of certain budgetary measures concerning the use of the solidarity contribution established by PRIMARY LEGISLATION Government Emergency Ordinance No 186/2022 on certai
Slide 59: 2025 – Supply (8/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (8/33) GEO no. 32/2024 — Emergency Ordinance for the amendment and completion of the Government's Emergency Ordinance no. 27/2022 regarding the measures PRIMARY LEGISLATION applicable to end customers in the electricity and
Slide 60: 2025 – Supply (9/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (9/33) GD no. 318/2024 — Decision on the approval of the general framework for the implementation and operation of the support mechanism through contracts for PRIMARY LEGISLATION the difference for technologies with low carb
Slide 61: 2025 – Supply (10/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (10/33) ME order no. 353/2024 — Order of the Minister of Energy for the approval of the State Aid Scheme regarding the support of investments in new electricity PRIMARY LEGISLATION production capacities produced from renewab
Slide 62: 2025 – Supply (11/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (11/33) GEO no. 68/2024 — Emergency Ordinance for the amendment and completion of the Government's Emergency Ordinance no. 166/2022 regarding some PRIMARY LEGISLATION measures to provide support to categories of vulnerable p
Slide 63: 2025 – Supply (12/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (12/33) ME Order no. 1290/2024 — Order of the Minister of Energy regarding the approval of the initiation of the first tender for the State Aid Scheme in the form of PRIMARY LEGISLATION contracts for difference for the produ
Slide 64: 2025 – Supply (13/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (13/33) Law no. 261/2024 — Law on the approval of the Government Emergency Ordinance no. 39/2024 for the amendment and completion of the Government PRIMARY LEGISLATION Emergency Ordinance no. 159/2020 on the financing of sma
Slide 65: 2025 – Supply (14/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (14/33) ME Order no. 1636/2024 – Order of the Ministry of Energy amending the Financing Guide for the "ELECTRIC UP" Program PRIMARY LEGISLATION regarding the financing of enterprises for the installation of photovoltaic pane
Slide 66: 2025 – Supply (15/33) Primary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (15/33) Law no. 312/2024 – Law approving Government Emergency Ordinance no. 54/2024 amending Article VII¹ of Government Emergency Ordinance no. 119/2022, PRIMARY LEGISLATION which amended and supplemented Government Emergenc
Slide 67: 2025 – Supply (16/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (16/33) ANRE order no. 1/2024 — Order for the approval of the Methodology regarding the determination of the level of the minimum stock of natural gas that must be SECONDARY LEGISLATION established in the underground storage
Slide 68: 2025 – Supply (17/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (17/33) ANRE order no. 6/2024 — Order for the amendment and completion of the Regulation for the supply of electricity to final customers, approved by the Order of SECONDARY LEGISLATION the president of the National Energy R
Slide 69: 2025 – Supply (18/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (18/33) ANRE order no. 9/2024 — Order for the modification of the Order of the president of the National Energy Regulatory Authority no. 124/2022 regarding the SECONDARY LEGISLATION approval of the Rules for the management o
Slide 70: 2025 – Supply (19/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (19/33) ANRE Order no. 14/2024 — Order regarding the approval of the Procedure for confirming the right to participate in the electricity/natural gas markets in SECONDARY LEGISLATION Romania of foreign legal entities with re
Slide 71: 2025 – Supply (20/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (20/33) ANRE Order no. 48/2024 — Order amending the Order of the President of the National Energy Regulatory Authority no. 123/2017 on the approval of the SECONDARY LEGISLATION contribution for high-efficiency cogeneration a
Slide 72: 2025 – Supply (21/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (21/33) ANRE Order no. 54/2024 — Order for the modification and completion of the Commercial Rules regarding the collection, processing and transmission of the SECONDARY LEGISLATION measured values of electricity, approved b
Slide 73: 2025 – Supply (22/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (22/33) ANRE Order no. 59/2024 – Order for the modification of the Methodology for determining and collecting the contribution related to contracts for the difference, SECONDARY LEGISLATION approved by ANRE Order no. 51/2024
Slide 74: 2025 – Supply (23/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (23/33) ANRE Order no. 72/2024 – Order for the modification and completion of the Monitoring Methodology of the system for promoting the production of electricity SECONDARY LEGISLATION from renewable energy sources, approved
Slide 75: 2025 – Supply (24/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (24/33) ANRE Order no. 79/2024 – Order amending the Procedure for establishing and individualizing administrative sanctions based on turnover by the Regulatory SECONDARY LEGISLATION Committee of the National Energy Regulator
Slide 76: 2025 – Supply (25/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (25/33) ANRE Orders no. 95/2024 – 98/2024 – Orders approving the specific tariffs for the electricity distribution service and the price for reactive electricity, as well as SECONDARY LEGISLATION the values of investment pla
Slide 77: 2025 – Supply (26/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (26/33) GEO no. 6/2025 – Emergency Ordinance on the measures applicable to final customers in the electricity market during the period 1 April 2025 – 30 June 2025, SECONDARY LEGISLATION and the measures applicable to final c
Slide 78: 2025 – Supply (27/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (27/33) o Final customers’ self-declarations submitted under GEO no. 27/2022 regarding eligibility for capped prices remain valid. SECONDARY LEGISLATION o The CfD (Contracts for Difference) contribution is included in the ca
Slide 79: 2025 – Supply (28/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (28/33) GEO no. 19/2025 - Emergency ordinance on the amendment and completion of certain normative acts SECONDARY LEGISLATION o an addition is made to GEO no. 6/2025 by expanding the area of application and including univers
Slide 80: 2025 – Supply (29/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (29/33) ANPC ORDER no. 273/2025 – Order of the President of the National Authority for Consumer Protection (ANPC) for the approval of the Procedure for establishing SECONDARY LEGISLATION and applying the penalty to the turno
Slide 81: 2025 – Supply (30/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (30/33) ANRE Order no. 2/2025 – Order establishing the mandatory quota for the purchase of green certificates for the year 2024 SECONDARY LEGISLATION o The mandatory quota for the purchase of green certificates by obligated
Slide 82: 2025 – Supply (31/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (31/33) ANRE Order no. 10/2025 — Order on the approval of the contribution for contracts for difference (CfD) SECONDARY LEGISLATION o the contribution for contracts for difference (CfD) is approved in a total amount of 0.000
Slide 83: 2025 – Supply (32/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (32/33) ANRE Order no. 12/2025 — Order regarding the takeover by electricity suppliers of electricity produced and delivered to the electricity grid by prosumers who SECONDARY LEGISLATION own renewable power plants with an i
Slide 84: 2025 – Supply (33/33) Secondary Legislation
Regulatory-related Developments entered in force until 20 May 2025 – Supply (33/33) ANRE Order no. 14/2025 — Order amending the Order of the President of the National Energy Regulatory Authority (ANRE) no. 124/2022 and amending and SECONDARY LEGISLATION supplementing the Order of the President of th
Slide 85: Glossary
Glossary ANRE Romanian Energy Regulatory Authority IFRIC International Financial Reporting Interpretations Committee B2B Business to Business IFRS International Financial Reporting Standard BET-TR Bucharest Exchange Trading - Total Return Index IMS Integrated Management System BM Balancing Market IP
Slide 86: Financial Calendar
28 February Publication of the Preliminary Financial Results for FY 2024 2025 Publication of the 2024 financial annual results - documents for the Ordinary 28 March General Meeting of Shareholders on 29 April 2025 Investor and analyst teleconference for presentation of 2024 consolidated financial FI
Slide 87: Investor Relations
Investor Relations ir@electrica.ro https://www.electrica.ro/en/investors/ Disclaimer This document has been prepared by Electrica and is for information purposes only. This presentation is not an offer, invitation or recommendation to trade in securities issued by 9 Grigore Alexandrescu Str., Electr
Slide 88: Executive Management Q&A
Executive Mr. Alexandru-Aurelian Chirita CEO Management Q&A Mr. Stefan Frangulea Ms. Andreea Lambru CFO CBDO PRESENTATION OF Q1 2025 FINANCIAL RESULTS 88
Societatea Energetica Electrica — Q1 2025 Earnings Presentation on 6ix