Redes Energeticas Nacionais Sa · EURONEXT:RENE
Redes Energeticas Nacionais Sa — REN - Redes Energéticas Nacionais — H1 2026 Earnings Presentation
30 slides from Redes Energeticas Nacionais Sa's earnings presentation, Jul 30, 2026
Slide 1: Results Presentation 1H26
30TH JULY 2026 | UNAUDITED INFORMATION RESULTS 1H26 PRESENTATION
Slide 2: Agenda
RESULTS PRESENTATION 1H26 30TH JULY 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 1H26 30TH JULY 2026 | UNAUDITED INFORMATION KEYMESSAGES - FINANCIAL I I OFTHEPERIOD OVERVIEW OF THE PERIOD OVERVIEW €93.4M €184.6M €284.2M +€27.7M VERSUS €2,382.8M +€34.6M VERSUS II 1H25 1H25 +€27.6M VERSUS - €16.7M VERSUS 1H25 1H25 III IV EBITDA NetProfit NetDebt CAPEX Exclud
Slide 5: Key messages - Operational
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION KEYMESSAGES - OPERATIONAL I I OFTHEPERIOD OVERVIEW OF THE PERIOD OVERVIEW II RENEWABLE ENERGY CONTINUED FOCUS ON STRENGTHENING REGULATION III SOURCES INNOVATION SUSTAINABILITY COMMITMENTS HIGHLIGHTS In the first six months of 2026,
Slide 6: Business performance
I II II BUSINESSPERFORMANCE BUSINESS PERFORMANCE III IV II BUSINESS PERFORMANCE 6
Slide 7: Business highlights
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION Record electricity consumption, strong network BUSINESS HIGHLIGHTS I performance and high renewable supply in 1H26 II II BUSINESSPERFORMANCE BUSINESS PERFORMANCE 27.2 TWh 0.9 TWh (3.5 %) 2.41% - 0.01PP 9,972km 256KM (2.6 %) ELECTRICITY
Slide 8: Financial highlights
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION FINANCIAL HIGHLIGHTS Net Profit improvement, decrease in I Net Debt, and increase in CAPEX II II BUSINESSPERFORMANCE BUSINESS PERFORMANCE EBITDA +€ 27.6M Financial Results +€ 2.8M Net Profit +€ 27.7M (+10.8 %) (+12.6%) (+42.1 %) €284.2
Slide 9: EBITDA
RESULTS PRESENTATION 1H26 30TH JULY 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 1H26 30TH JULY 2026 | UNAUDITED INFORMATION ROR EVOLUTION Increase of Base Return on RAB, with slight increase in 10Y I Portuguese Government Bond yields since the end of 2025 II II BUSINESSPERFORMANCE BUSINESS PERFORMANCE 10Y Portuguese Government Bond Yields1 - % Base Return o
Slide 11: Investment - domestic business
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION INVESTMENT I Both CAPEX and Transfers to RAB increased in 1H26 DOMESTIC BUSINESS II II KEY HIGHLIGHTS BUSINESSPERFORMANCE BUSINESS PERFORMANCE Transfers to RAB - €M +€ 38.9M ELECTRICITY (+77.2 %) New 400kV OHL Ponte de Lima – Spain (
Slide 12: RAB returns
RESULTS PRESENTATION 1H26 30TH JULY 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 R
Slide 13: OPEX
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION OPEX I OPEX increased 6.4% YoY, DOMESTIC BUSINESS while Core OPEX grew 9.0% KEY HIGHLIGHTS II II BUSINESSPERFORMANCE Core OPEX1 evolution- €M BUSINESS PERFORMANCE Personnel Costs +€ 5.2M (+9.0 %) General increases and headcount incre
Slide 14: Electricity - domestic business
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION ELECTRICITY I DOMESTIC BUSINESS €149.6M +€ 18.8 (+14.4 %) II CAPEX II 1H25: € 130.7 M BUSINESSPERFORMANCE Increase in Electricity EBITDA, mostly justified with higher asset and BUSINESS PERFORMANCE opex remuneration and higher regulato
Slide 15: Gas transmission - domestic business
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION GASTRANSMISSION I +€ 3.3M DOMESTIC BUSINESS €11.5M (+40.4 %) II CAPEX II 1H25: € 8.2 M BUSINESSPERFORMANCE Gas Transmission EBITDA decrease mainly explained BUSINESS PERFORMANCE by lower RAB remuneration and other revenues €3.9M +€ 0.8
Slide 16: Gas distribution - domestic business
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION GASDISTRIBUTION I DOMESTIC BUSINESS €9.4M +€ 1.2M (+14.6 %) II CAPEX II 1H25: € 8.2 M BUSINESSPERFORMANCE Gas Distribution EBITDA increase explained by higher RAB BUSINESS PERFORMANCE remuneration, partially offset by lower opex contri
Slide 17: International business - Chile highlights
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION CHILE HIGHLIGHTS I INTERNATIONAL BUSINESS TRANSEMEL & TENSA (100%) EBITDA increased YoY, mainly driven by + €1.8M from Tensa recognized in results II Solid performance from the Chilean since May 2025, as well as higher revenues at Tran
Slide 18: Below EBITDA
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION BELOW EBITDA Improved financial results and lower taxes, mainly I reflecting lower CESE II II BUSINESSPERFORMANCE BUSINESS PERFORMANCE Financial results Depreciation Taxes & Amortization - €19.7M +€2.8M (+12.6%) III 1H25: - € 22.5 M €3
Slide 19: Net profit
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION NET PROFIT I II II Net Profit increased, driven by higher EBITDA, improved financial BUSINESSPERFORMANCE BUSINESS PERFORMANCE results and lower CESE Net profit evolution breakdown- €M € 27.7M (42.1 %) Incr ease in EBITDA of €27.6M re
Slide 20: Debt
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION DEBT I Decrease in Net Debt, as operating cash flow and tariff deviations inflows were partially offset by CAPEX and interest and tax payments II II BUSINESSPERFORMANCE BUSINESS PERFORMANCE Net Debt evolution- €M Adjusted Gross Debt Ma
Slide 21: Share price & shareholder return
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION SHARE PRICE & SHAREHOLDER RETURN I REN Total Shareholder Return in the first half of 2026 was positive, with performance above European and II II Portuguese indices BUSINESSPERFORMANCE BUSINESS PERFORMANCE Annualized closing prices 1 -
Slide 22: Shaping a sustainable future
I II III III SHAPING A SUSTAINABLE FUTURE SHAPING A SUSTAINABLE FUTURE IV III SHAPING A SUSTAINABLE FUTURE 22
Slide 23: ESG performance at a glance
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION ESG PERFORMANCE AT A GLANCE I II INDICATOR UNIT 1H 2026 1H 2025 YoY III III SHAPING A SUSTAINABLE FUTURE Energy consumption 1 MWh 714,046 675,489 +5.7% SHAPING A SUSTAINABLE FUTURE Environment Energy transmission and distribution 2 (1)
Slide 24: Reinforced sustainability commitments
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION REINFORCED SUSTAINABILITY COMMITMENTS I II III ENVIRONMENT SOCIAL GOVERNANCE III SHAPING A SUSTAINABLE FUTURE SHAPING A SUSTAINABLE FUTURE Electricity consumption reached a record high in Supply chain control was strengthened throu
Slide 25: Highest ESG standards
RESULTS PRESENTATION 1H26 30TH JULY 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 STR
Slide 26: Closing remarks
I II III IV IV CLOSINGREMARKS CLOSING REMARKS IV CLOSING REMARKS 26
Slide 27: Closing remarks
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION CLOSING REMARKS I SOLID FIRST - HALF RESULTS, DRIVEN BY OPERATIONAL GROWTH AND POSITIVE TAX EFFECTS II III IV €93.4M €2,382.8M IV €284.2M €184.6M CLOSINGREMARKS CLOSING REMARKS +42.1 % VERSUS 1H25 - 0.7 % VERSUS 1H25 +10.8 % VERSUS 1H2
Slide 28: Disclaimer
RESULTS PRESENTATION 1H26 30TH JULY 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 presentatio
Slide 29: Contacts
RESULTS PRESENTATION 1H26 30TH JULY 2026 | UNAUDITED INFORMATION CONTACTS Visit our website www.ren.pt Or contact us: Madalena Garrido – Head of IR Mariana Asseiceiro Telma Mendes
Slide 30: Results Presentation
RESULTS PRESENTATION 1H26 Avenida Estados Unidos da América , 55, 1749 -061, Lisboa - Portugal ir@ren.pt
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