S.n.t.g.n. Transgaz Sa · BVB:TGN
S.n.t.g.n. Transgaz Sa — Transgaz — Investor Presentation (November 2024)
40 slides from S.n.t.g.n. Transgaz Sa's investor presentation, Nov 28, 2024
Slide 1: November 2024
NOVEMBER 2024 NOIEMBRIE NOVEMBER 2024 2024
Slide 2: Message from the Director General
ION STERIAN - DIRECTOR GENERAL SNTGN TRANSGAZ is the licensed technical operator of the National Natural Gas Transmission System and ensures the performance in terms of efficiency, transparency, safety, non- discriminatory access and competitiveness of the national strategy established for domestic
Slide 3: History
16 May 2022 - The European 16 June 2023 - At the 2020 – Completion and Investment Bank (EIB) and headquarters of the Romanian HISTORY commissioning of the Bulgaria- Romania-Hungary-Austria BRUA Transgaz signed an Agreement on the provision of consultancy Government, in the presence of Deputy Prime M
Slide 4: Vision, Mission, Activities
VISION, MISSION, ACTIVITIES VISION SNTGN Transgaz SA aims to strengthen its role as an internationally recognized gas transmission operator, leader on the energy market in the region, with a modern national gas transmission system, integrated at European level and with a competitive management syste
Slide 5: Leadership, Vision, Action, Innovation, Education, Performance, Business Excellence
LEADERSHIP, VISION, ACTION, INNOVATION, EDUCATION, PERFORMANCE, BUSINESS EXCELLENCE! 5
Slide 6: Shareholding
Shareholding structure 31.12.2023 SHAREHOLDING 31,2797% 58,5097% Transgaz is the second major state-owned company in the utilities sector which, in order to achieve its strategic objectives, launched 10,2106% an initial public offering of shares in 2008. Rating Romanian State through GSG Natural Per
Slide 7: TGN Stock Market Performance as at 31.12.2023
TGN STOCK MARKET PERFORMANCE AS AT 31.12.2023 3.244 3.553 656 714 Marker capitalization - mil. LEI Market capitalization - mil. EURO 29.12.2022 30.12.2023 21,03 19,66 19,50 19,16 18,58 18,96 18,09 17,64 18,32 18,22 16,60 15,40 17,22 15,03 14,94 14,91 15,88 13,94 14,38 14,63 14,59 14,09 12,50 13,31 J
Slide 8: TGN Evolution on the Stock Exchange as at 30.09.2024
TGN EVOLUTION ON THE STOCK EXCHANGE AS AT 30.09.2024 4.333 3.609 871 726 Market capitalization - million LEI Market capitalization - EUR million 9/30/2024 9/29/2023 19,66 21,03 23,70 24,55 24,05 23,00 19,50 22,45 19,14 17,64 18,32 19,16 18,09 19,02 19,42 18,90 15,40 16,60 January February March Apri
Slide 9: Corporate Governance
CORPORATE GOVERNANCE TRANSGAZ has, since 2010, adopted corporate governance principles and developed responsible and transparent business practices governed by: ▪ Responsibility and mutual respect; ▪ Transparency; The governing bodies of TRANSGAZ are: ▪ Ethics and integrity; ▪ General meeting of sha
Slide 10: Social Responsibility
SOCIAL RESPONSIBILITY IS NOT JUST A VISION, IT IS A DEFINITE MISSION, A WAY OF DOING BUSINESS AND SUPPORTING SOCIAL COHESION! Sustainable community development - We are where there is a real need! Education - We believe in the potential of the young generation and that is why we invest in their educ
Slide 11: Certifications
CERTIFICATIONS INDEPENDENT SYSTEM OPERATOR Internal/management control Transgaz implemented the internal/managerial control system in accordance with GSG Order no. 600/2018 on the approval of the internal/managerial control code of public entities. In accordance with the unbundling requirements of t
Slide 12: Organisational Structure
ORGANISATIONAL STRUCTURE TRANSGAZ is structured into functional entities (divisions, units, departments, offices, compartments, etc.) and production entities (9 regional offices, sectors, laboratories, working units, etc.). The subsidiaries of SNTGN TRANSGAZ SA in the Republic of Moldova: ▪ Limited
Slide 13: Responsibility for the Future
RESPONSIBILITY FOR THE FUTURE ! In 2017, the establishment of EUROTRANSGAZ S.R.L. on the territory of In 2018, Vestmoldtransgaz S.R.L. (VMTG) was acquired by Eurotransgaz the Republic of Moldova was approved for the successful participation in S.R.L., with Transgaz becoming the sole shareholder of V
Slide 14: Human Resources
HUMAN RESOURCES Special emphasis on the quality of human resources Evolution of personnel number 4.405 The optimal sizing of the number of personnel within the company is correlated with 4.202 the real personnel needs imposed by the operational activities carried out by the 4.089 4.145 4.050 4.029 4
Slide 15: Effective Research and Design Capabilities
EFFECTIVE RESEARCH AND DESIGN CAPABILITIES Research and design includes highly complex strategic activities for: Rehabilitation and upgrading of the natural gas transmission system to increase safety; Increasing energy efficiency; 156 Metering of natural gas flows; Environmental and labour protectio
Slide 16: Main Components of the National Gas Transmission System
MAIN COMPONENTS OF THE NATIONAL GAS TRANSMISSION SYSTEM ❑ 13.965 km of main transmission pipelines and connections for natural gas CURRENT NTS INFRASTRUCTURE supply, of which 183,5 km international natural gas transmission pipelines and 481 km the BRUA pipeline; ❑ 1.171 natural gas metering stations
Slide 17: Key Factors of the Activity as at 31.12.2023 (1)
KEY FACTORS OF THE ACTIVITY AS AT 31.12.2023 (1) CIRCULATED GAS– 31.12.2023 Circulated gas (including storage) – million cm- rolling 12 months 13.330 13.193 13.216 13.035 13.092 13.111 12.917 12.993 12.981 12.975 12.898 12.763 January 23 February 23 March 23 April 23 May 23 June 23 July 23 August 23
Slide 18: Key Factors of the Activity as at 31.12.2023 (2)
KEY FACTORS OF THE ACTIVITY AS AT 31.12.2023 (2) Price (lei/MWH) for transmission system gas consumption 246,80 243,38 190,96 186,56 182,93 200,01 176,79 150,60 155,55 169,99 152,44 92,75 January 23 February 23 March 23 April 23 May 23 June 23 July 23 August 23 September 23 October 23 November 23 De
Slide 19: Key Factors of the Activity as at 30.09.2024 (1)
KEY FACTORS OF THE ACTIVITY AS AT 30.09.2024 (1) CIRCULATED GAS – 30.09.2024 Circulated gas (including storage) – million cm - rolling 12 months 13.330 13.293 13.216 13.223 13.111 13.114 13.097 13.142 13.134 13.031 12.983 12.846 oct.23 Oct. 23 noi.23 Nov. 23 dec. 23 Dec. 23 ian. 24 Jan. 24 feb.24 Fe
Slide 20: Key Factors of the Activity as at 30.09.2024 (2)
KEY FACTORS OF THE ACTIVITY AS AT 30.09.2024 (2) Price (lei/MWH) for technological consumption 332,39 228,51 219,13 216,60 176,79 169,99 152,44 153,91 151,83 156,68 165,10 178,47 oct.23 Oct. 23 noi.23 Nov. 23 dec.23 Dec. 23 ian.24 Jan. 24 feb.24 Feb. 24 mar.2424 March apr.24 Apr. 24 mai.24 May 24 iu
Slide 21: Strategic Objectives 2021-2025
STRATEGIC OBJECTIVES 2021-2025 STAKEHOLDER PERSPECTIVE As a gas transmission system operator certified according to the Third Continuity of the activity and ensuring safety and security of gas supply Energy Package, of July 2010 TRANSGAZ is member of ENTSOG (The Increasing the level of security of t
Slide 22: Strategic Objectives 2021-2025: Hydrogen
STRATEGIC OBJECTIVES 2021-2025 SNTGN Transgaz SA, as operator of the National Gas Transmission System (NTS), is interested in the potential of integrating hydrogen from renewable To this end, it has identified the corridors that could be included in the and low-carbon sources into the natural gas tr
Slide 23: 2022-2031 TYNDP Strategic Investments
2022-2031 TYNDP STRATEGIC INVESTMENTS MAJOR PROJECTS BENEFITS ▪ integration of the natural gas market and interoperability of natural gas transmission systems in the region; ▪ increasing the flexibility of the European gas transmission system by the achievement of bidirectional interconnections; ▪ o
Slide 24: NTS Major Development Projects 2022-2031 (I)
NTS MAJOR DEVELOPMENT PROJECTS 2022-2031 – revised 2023 (I) Estimated Projec Completion Project value Project importance Project status t no date mil. Euro Ensuring a natural gas transmission capacity to Hungary of 4.4 bcm/y and 1.5 Development on Romania's territory of the National Gas bcm/y to Bul
Slide 25: NTS Major Development Projects 2022-2031 (II)
NTS MAJOR DEVELOPMENT PROJECTS 2022-2031 – revised 2023 (II) Estimated No. Completion Project value Project importance Project status date mil. Euro EASTRING will be open to well-established sources as well as alternative sources. It will bring gas from new sources from the Caspian / Mediterranean /
Slide 26: Major Investments Completed in the Last Years
MAJOR INVESTMENTS COMPLETED IN THE LAST YEARS Project value Completi No. Project name Project importance Funding sources (mil. Euro) on year Development on Romania's territory of the National Gas Transmission System on the Bulgaria - Romania - Hungary – Own funds - 20% Ensuring the technical possibi
Slide 27: Other Major Investment Works Completed in Recent Years
OTHER MAJOR INVESTMENT WORKS (NTS EXTENSIONS) COMPLETED IN RECENT YEARS Project value Completion No. Project name Project importance (mil. Euro) year This pipeline section can ensure the gas supply to the 6 territorial administrative units: Cârcea, Malu Mare, DN 500 CRAIOVA - SEGARCEA - BĂILEȘTI - P
Slide 28: Strategic Investment Projects - TYNDP 2024-2033 (I)
STRATEGIC INVESTMENT PROJECTS - TYNDP 2024-2033 (I) Value Deadline Project Project Project estimated for Project importance no. status mil. Euro completion Step-by-step capacity increase of the Bulgaria-Romania-Hungary-Austria reverse flow transmissiom Development of the National Natural Gas Transmi
Slide 29: Strategic Investment Projects - TYNDP 2024-2033 (II)
STRATEGIC INVESTMENT PROJECTS - TYNDP 2024-2033 (II) Value Project Deadline for Project Project estimated Project importance no. completion status mil. Euro The implementation of the SCADA system for cathodic protection will ensure Monitoring, control and data acquisition system for increased durabi
Slide 30: Strategic Investment Projects - TYNDP 2024-2033 Hydrogen
STRATEGIC INVESTMENT PROJECTS - TYNDP 2024-2033 HYDROGEN Value Deadline Project Project Project estimated for Project importance no. status mil. Euro completion Upgrade of the Isaccea - Jupa pipeline for hydrogen Repurposing of natural gas transmission infrastructure to transport hydrogen mixed with
Slide 31: Financial Results
FINANCIAL RESULTS Interim consolidated statement of comprehensive income as at 31.12.2023 Interim consolidated statement of financial position as at 31.12.2023 Key indicators - consolidated statements as at 31.12.2023 Interim consolidated statement of comprehensive income as at 30.09.2024 Interim co
Slide 32: Financial Results as at 31.12.2023
FINANCIAL RESULTS AS AT 31.12.2023 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME AS AT 31.12.2023 CHANGES THOUSAND LEI 2021 2022 2023 2023/2022 Absolute Relative Operating revenue before the balancing and construction activity according to IFRIC12 1.364.950 1.579.284 1.785.505 206.221 13% Revenue f
Slide 33: Financial Results as at 31.12.2023
FINANCIAL RESULTS AS AT 31.12.2023 STATEMENT OF CONSOLIDATED FINANCIAL STANDING AS AT 31.12.2023 Changes 2021 2022 2023 2023/2022 THOUSAND LEI Absolute Relative FIXED ASSETS 6.667.476 6.880.055 7.026.666 146.611 2% CURRENT ASSETS 1.338.671 1.377.086 1.735.443 358.357 26% TOTAL ASSETS 8.006.146 8.257
Slide 34: Financial Results as at 31.12.2023
FINANCIAL RESULTS AS AT 31.12.2023 2021 2022 2023 MAIN INDICATORS–CONSOLIDATED STATEMENTS AS AT 31.12.2023 EBITDA in total sales 28,53% 23,83% 28,67% EBITDA in total equity 12,40% 14,33% 14,64% Turnover 2021-2023 Gross profit ratio 13,67% 17,19% 10,42% Return on capital 4,56% 8,55% 4,51% 2.440.916 2
Slide 35: Financial Results as at 30.09.2024
FINANCIAL RESULTS AS AT 30.09.2024 STATEMENT OF CONSOLIDATED COMPREHENSIVE INCOME AS AT 30.09.2024 Changes consolidated consolidated THOUSAND LEI 2024/2023 30.09.2024 30.09.2023 Absolute Relative Operating revenue before the balancing and construction activity according to IFRIC12 1.505.637 1.098.88
Slide 36: Financial Results as at 30.09.2024
FINANCIAL RESULTS AS AT 30.09.2024 STATEMENT OF CONSOLIDATED FINANCIAL STANDING AS AT 30.09.2024 Differences 30.09.2024 31.12.2023 THOUSAND LEI Absolute Relative FIXED ASSETS 8.129.632 7.026.666 1.102.966 116% CURRENT ASSETS 1.594.028 1.735.443 -141.415 92% TOTAL ASSETS 9.723.659 8.762.109 961.550 1
Slide 37: Financial Results as at 30.09.2024
FINANCIAL RESULTS AS AT 30.09.2024 9 months 2024 9 months 2023 MAIN INDICATORS 30.09.2024 EBITDA in total sales 32,29% 23,41% Turnover 30.09.2023 vs. 30.09.2024 EBITDA in equity 11,01% 7,63% Gross profit ratio 13,82% 4,03% 1.439.119 Return on capital 3,77% 0,94% 1.301.837 Current liquidity 1,00 1,30
Slide 38: Participation in National and European Associations
PARTICIPATION IN NATIONAL AND EUROPEAN ASSOCIATIONS EUROPEAN ASSOCIATIONS NATIONAL ASSOCIATIONS European Hydrogen Backbone 38
Slide 39: Main Internal and External Partners
MAIN INTERNAL AND EXTERNAL PARTNERS MAIN EXTERNAL PATNERS MAIN INTERNAL PATNERS 39
Slide 40: Responsibility for the Future!
RESPONSIBILITY FOR THE FUTURE! 40