Societatea Energetica Electrica S.a. · BVB:EL
Societatea Energetica Electrica — Q3 2024 Earnings Presentation
82 slides from Societatea Energetica Electrica's earnings presentation, Nov 19, 2024
Slide 1: Presentation of Q3 2024 / 9M 2024 Financial Results
Presentation of Q3 2024 / 9M 2024 Financial Results (Acc. IFRS-EU) Bucharest, 19 November 2024 Public
Slide 2: Content
Content 1 Electrica Group’s overview 2 Q3 2024 / 9M 2024 Group’s Financial Results 3 Main Corporate Events 4 Group Strategy Implementation 5 Shareholdings’ Structure and Evolution of the Shares & GDRs 6 Appendices ➢ Regulatory Aspects - Distribution ➢ Regulatory Aspects - Supply 2 Public
Slide 3: Disclaimer
DISCLAIMER The results presented are based on the consolidated financial statements prepared in accordance with the International Financial Reporting Standards (IFRS-EU). This document was prepared by Electrica for the presentation of Q3 2024/ 9M 2024 financial results and has an informative nature.
Slide 4: Electrica Group overview
1 Electrica Group overview 4 Public
Slide 5: Electrica is the most important national distribution operator and electricity supplier
Electrica Group overview Electrica is the most important national distribution operator and the electricity supplier with the most places of consumption Electricity distribution and energy services Distributed energy ~3.97 millions Voltage lines users 204,151 km 13.2 TWh (9M 2024) 12.5 TWh (9M 2024)
Slide 6: Group structure
Group structure Electrica Group overview Electrica Group is the only Romanian group listed on the BSE & LSE which operates within energy production, distribution, supply & energy service segments 1) Filiala de Intretinere si Servicii Energetice (Maintenance and energy services) 2) The existence of a
Slide 7: Leading Player in Distribution and Supply
Leading Player in Distribution and Supply Electrica Group overview Distribution Supply Volumes Distributed in 2023 Volumes Supplied in 2023 Volumes Supplied in 2024 (Jan - July) 13.0% 16.77% 15.43% DEER_MN DEER_TN ELECTRICA FURNIZARE 12.8% DEER_TS Others 43.37 TWh 46.1 TWh 27.9 TWh Others 60.7% 13.4
Slide 8: Remarkable performance in 10 years since 2014 dual listing
Electrica Group overview Electrica showcases remarkable performance in 10 years since its 2014 dual listing ➢ Electrica is the only listed Romanian company active in electricity distribution, supply and production in Romania. Its listing in July 2014 on was the largest primary initial public offerin
Slide 9: Corporate Governance Bodies
Corporate Governance Bodies Electrica Group overview • Mr. Mihai Diaconu – Chair – Interim member from 21 October 2024* Board of • Mr. Dragos-Valentin Neacsu – Vice Chair (independent) Directors • Mr. Adrian-Florin Lotrean – Vice Chair (independent) Current • Mr. Ion-Cosmin Petrescu Composition (sin
Slide 10: Corporate Governance Bodies - Non-Executive Management
Prezentare generala a Grupului Corporate Governance Bodies - Non-Executive Management Board of Directors - Current composition – with mandates until 26 January 2028omposition Mr. Mihai Diaconu Mr. Dragos Neacsu Chair of the Board of Directors Mr. Adrian Lotrean Vice-Chair of the Board of Directors N
Slide 11: Corporate Governance Bodies – Executive Management
Prezentare generala a Grupului Corporate Governance Bodies – Executive Management Executive Management Mr. Alexandru-Aurelian Chirita CEO 17 May 2022 – 31 December 2024 2017 2018 Ms. Livioara Sujdea Mr. Stefan Frangulea Ms. Andreea Lambru CDO CFO CBDO 1 February 2017 – 31 January 2025 04 January 202
Slide 12: Group's financial results Q3 2024 / 9M 2024
2 Group’s financial results Q3 2024 / 9M 2024 (acc. IFRS-EU) 12 Public
Slide 13: Summary Consolidated Financials (IFRS-EU)
Summary Consolidated Financials (IFRS-EU) Group’s financial results Revenues EBITDA Growth and Margin Performance (RON mn.) EBITDA (RON mn.) and EBITDA Margin (%) 10,010 9,817 609 543 1,80 0 17.5% 20. 0% 7,157 1,60 0 18. 0% 6,427 16.5% 16. 0% 393 1,40 0 16.6% 398 14. 0% 1,20 0 12. 0% 1,00 0 9,401 9,
Slide 14: Consolidated EBITDA and Net Result Evolution (IFRS-EU)
Consolidated EBITDA and Net Result Evolution (IFRS-EU) Group’s financial results Comments The consolidated EBITDA variation 9M 2024 vs. 9M 2023 is RON -125 mn., being mostly the cumulated effect of the EBITDA (RON mn.) factors below: ❑ The positive variation of the energy margin RON +89 mn., thereof
Slide 15: Distribution Segment – Highlights (IFRS-EU)
Distribution Segment – Highlights (IFRS-EU) Group’s financial results Key figures 9M 2024 Financial results ~3.97 million users EBITDA increased by RON 372 mn., mainly due to the evolution of: ▲ increase in energy margins by RON +415 mn., as an effect of: ➢ increase in energy revenues by RON +315 mn
Slide 16: Distribution segment – main aspects (IFRS-EU)
Group’s financial results Distribution segment – main aspects (IFRS-EU) Distributed energy margin Distribution tariffs [RON/MWh] (RON mn.) 34,72 31,23 Relevant regulatory information: 74,69 31,22 69,44 29,09 29,55 • The positive regulated result for the first 9M 2024 of RON 23,35 28,48 1,555 23,77 7
Slide 17: RRAB Analysis for distribution segment for 2024
RR 4 20 24 orr ec tio ns 20 22 4 ca pit ali ed 20 22 in 20 2 24 rof it r eg ula tio na pp rov ed De fer red inc o e rof *OMFP 1802 values DEER standalone it w ea du st du e 4 the r in co e ov err un 2 0 E ov err 4 un nc on tro lla le dif Re f gu lat ed pro fit Public ac hie ve d 20 rof it o the ra c
Slide 18: Analysis of regulated profit – budgeted result for distribution segment 2024
Analysis of regulated profit – (IFRS-EU) budgeted result for the distribution Group’s financial results segment for the year 2024 (832) (194) fit ies on ort ort ts ult a 02 FR S d ad FR S pro sid ati en E res it t Sa ed ita li ng a ed a le al rof F d FR FRS ult lat Su re ci res gu ap unti ulat the a
Slide 19: Analysis of Regulated Net Result 2024 – Distribution Segment
o ta ln et re v en ue re a li ed E Re gu la t ed a or Re ti gu la t ed re s u lt 20 24 nh ou se E the Distribution Segment ap ita li a ti on cc ou n ti ng de pr ec Re gu la t ed de pr ec de pr ec ro v is io n ad us t on op ol ta Public th e rc os ts pe ra t in g re s u lt F in an c ia l re su lt ro
Slide 20: DEER
DEER Group’s financial results Key figures 9M 2024 Network losses cost Network losses (RON mn) (GWh) ~3.97 mn users 1,862 1,883 1,886 204.151 km 97.196 km2 voltage lines coverage 1,447 1,275 area 987 753 671 RAB: RON 7.3 bn (est.) 13.19 TWh (+5.1%) 2022 9M 2023 2023 9M 2024 2022 9M 2023 2023 9M 2024
Slide 21: DEER - TN
DEER - TN Group’s financial results Key figures 9M 2024 Network losses cost Network losses (RON mn) (GWh) ~1.38 mn users 71,743 km 34,162 km2 639 649 voltage lines coverage 595 area 432 390 312 225 205 RAB: RON 2.5 bn (est.) 4.2 TWh (+4%) 2022 9M 2023 2023 9M 2024 2022 9M 2023 2023 9M 2024 distribut
Slide 22: DEER - TS
Group’s financial results DEER - TS Key figures 9M 2024 Network losses Network losses cost (RON mn) (GWh) ~1.23 mn users 59,820 km 34,072 km2 548 voltage lines coverage area 549 573 300 434 382 225 201 RAB: RON 2.3 bn (est.) 4.54 TWh (+6,3%) 2022 9M 2023 2023 9M 2024 2022 9M 2023 2023 9M 2024 distri
Slide 23: DEER - MN
DEER - MN Group’s financial results Key figures 9M 2024 Network losses cost Network losses (RON mn) (GWh) ~1.36 mn users 72,588 km 28,962 km2 719 684 voltage lines coverage 675 582 area 503 376 303 265 RAB: RON 2.6 bn (est.) 4.41 TWh (+5%) 2022 9M 2023 2023 9M 2024 2022 9M 2023 2023 9M 2024 distribu
Slide 24: Financial impact of electricity market evolution - distribution
Group’s financial results The financial impact of the electricity market perspectives evolution - distribution Evolution of the cost of electricity needed to cover NL (net with income) Network losses ❑ In the first 9M 2024, the cost of electricity purchased for NL (net with income) coverage decrease
Slide 25: Supply segment – Electrica Furnizare (IFRS-EU)
Supply segment – Electrica Furnizare (IFRS-EU) Group’s financial results Financial results Key figures 9M 2024 EBITDA decreased by RON 478 mn. compared to 9M 2023, mainly following the evolution of the factors below: ➢ the decrease in revenues from the supply of electricity and natural gas by RON 81
Slide 26: Electrica Furnizare largest share on the supply market
Group’s financial results Electrica Furnizare had the largest share on the supply market in Romania, in the first half of 2024, and was the 2nd largest supplier in July The supply market consists of the competitive segment, the universal service segment (US) and the supplier of last resort (SoLR) se
Slide 27: Supply - key aspects – Q3 2024
Supply - key aspects – Q3 2024 Group’s financial results Volume of Electricity Supplied on Retail Volume of Electricity Supplied on Number of consumption places at Number of consumption places Market 9M 2024 (TWh) split by segment Retail Market 9M 2024 (TWh) 30 September 2024 (mn.) split by segment
Slide 28: Financial impact of electricity market evolution – supply (1/3)
Group’s financial results The financial impact of the electricity market perspectives evolution – supply – 9M 2024 (1/3) Throughout January – September 2024 the gross margin achieved was RON 121 mn., RON 321 mn. less than the level achieved in Q3 2023 ( RON 442 mn.), and in terms of quantities there
Slide 29: Financial impact of electricity market evolution – supply (2/3)
Group’s financial results The Financial Impact of the Electricity Market Perspectives Evolution – Supply (2/3) Purchase prices evolution ❑ Starting 1 April 2024, according to GEO 32/2024, the selling price in MACEE was reduced from 450 RON/MWh to 400 RON/MWh, and MACEE has become a voluntary market
Slide 30: Financial impact of electricity market evolution – supply (3/3)
Group’s financial results The Financial Impact of the Electricity Market Perspectives Evolution – Supply (3/3) Receiva les’ analysis (acc. OMFP 1802/2014) ❑ The balance of receivables increased by 20% (RON +528 mn.) at the end of Q3 2024 compared to December 2023 and amounted to RON 3,212 mn. ❑ Outs
Slide 31: Electrica Serv (SERV) (IFRS-EU)
Electrica Serv (SERV) (IFRS-EU) Group’s financial results 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.). SERV will multiply its efforts
Slide 32: Production Segment (IFRS-EU)
Production Segment (IFRS-EU) Group’s financial results General overview Starting with the year 2020, the Electrica Group proposed the development of a portfolio of Production Segment – Structure at 30 September 2024 electricity production capacities from renewable sources (wind and photovoltaic). At
Slide 33: Group Liquidity
Group’s financial results Group Liquidity Total liquidity (RON mn.) 1,578 ❑ At Group level, the total liquidity available in cash and overdraft limits as of 30 September 2024 was RON 1,578 mn., mainly due to the lower level of use of the overdraft limits in the distribution and supply segments. The
Slide 34: Distribution of dividends
Group’s financial results Distribution of dividends Distributed gross dividends (FY 2014 – 2023) (RON mn.) Gross dividend per share (RON) and Dividend Yield(1) (%) 291.6 6.9% 7.3% 6.9% 251.4 245.4 247.5 246.1 247.9 6.8% 6.0% 244.7 5.2% 5.2% 6.1% 0.8600 0.7217 0.7415 0.7237 0.7300 0.7248 0.7300 152.8
Slide 35: Main Corporate Events
3 Main Corporate Events 35 Public
Slide 36: Relevant Corporate Events in 9M 2024 and up to date (1/5)
Relevant Corporate Events in 9M 2024 and up to date (1/5) Main Corporate Events ❑ On 26 January 2024, the OGMS took place, physically and online, through the voting platform https://electrica.voting.ro/, with a quorum of approx. 90% of the total voting rights, which approved the election of the foll
Slide 37: Relevant Corporate Events in 9M 2024 and up to date (2/5)
Relevant Corporate Events in 9M 2024 and up to date (2/5) Main Corporate Events ❑ On 8 November 2024, the EGMS took place, physically and online, through the voting platform https://electrica.voting.ro/, with a quorum of approx. 88% of the total voting rights, which mainly approved: ➢ A ceiling of u
Slide 38: Relevant Corporate Events in 9M 2024 and up to date (3/5)
Relevant Corporate Events in 9M 2024 and up to date (3/5) Main Corporate Events ▪ On 25 March 2024, ELSA’s Board of Directors decided to extend the duration of the mandate of Mr. Alexandru-Aurelian Chirita, as CEO, under the same conditions, until 31 December 2024 (inclusively). ▪ On 19 September 20
Slide 39: Relevant Corporate Events in 9M 2024 and up to date (4/5)
Relevant Corporate Events in 9M 2024 and up to date (4/5) Main Corporate Events ▪ On 19 January 2024, Electrica announced that the company received a notification from EBRD according to which on 15 January 2024 EBRD has sold 205,505 shares of Electrica, thus reaching a holding below the 5% threshold
Slide 40: Relevant Corporate Events in 9M 2024 and up to date (5/5)
Relevant Corporate Events in 9M 2024 and up to date (5/5) Main Corporate Events ▪ On 2 May 2024, Electrica published a current report regarding the estimated impact of the final settlement of DEER case no. 375/1285/2021. ▪ On 15 May 2024, Electrica published the IFRS-EU Consolidated Results for the
Slide 41: Group Strategy implementation
4 Group Strategy implementation 41 Public
Slide 42: Electrica Group – Corporate Strategic Objectives (updated December 2023)
Group Strategy Implementation Electrica Group – Corporate Strategic Objectives (updated December 2023) o Renewable energy production (potentially complemented by in-band production) 2030 target of 1000 MWh Diversification of renewable o Energy storage – 2030 target 900 MWh energy sources o Optimizat
Slide 43: Sustainability is one of the Values of Electrica
Group Strategy Implementation Sustainability is one of the Values of Electrica The elements of novelty that we can identify concern the strategic orientation at the company level to ensure that we align ourselves with the highest environmental and social standards. From the energy solutions we offer
Slide 44: Shareholdings' structure and evolution of the shares and GDRs
5 Shareholdings’ structure and evolution of the shares and GDRs 44 Public
Slide 45: Monthly Volume and Average Price of Electrica's Shares and GDRs
Shareholdings’ structure and evolution of the shares and GDRs Monthly Volume and Average Price of Electrica’s Shares and GDRs (1 Jan 2024 – 15 Nov 2024) 14,000,000 16.00 12,000,000 11,603,624 13.38 14.00 13.19 10,000,000 12.00 11.53 10.30 10.00 8,000,000 8.00 6,000,000 4,407,763 6.00 4,087,754 4,000
Slide 46: Electrica's adjusted closing price vs BET-TR
Shareholdings’ structure and evolution of the shares and GDRs Electrica’s ad usted closing price vs E -TR (1 January – 15 November 2024) 40.00 EL: +14.96% BET-TR: +22.54% 30.00 22.54 20.00 14.96 10.00 -2.96 0.00 -0.91 -10.00 BET-TR Electrica adjusted price with dividends Source: Company’s data, BSE
Slide 47: Median monthly volume vs FTSE Russell liquidity threshold
Electrica’s Median monthly volume vs FTSE Russell liquidity threshold Shareholdings’ structure and (admission and maintenance) - 1 January 2023 – 31 October 2024 evolution of the shares and GDRs 250,000 250,000 200,000 200,000 150,000 150,000 271,539 247,766 100,000 100,000 76,734 130,317 124,081 11
Slide 48: Shareholder Structure at 30 September 2024
Shareholdings’ structure and evolution of the shares and GDRs Shareholder Structure at 30 September 2024 48 Public
Slide 49: Appendices
6 Appendices Regulatory Aspects – Distribution Regulatory Aspects – Supply 49 Public
Slide 50: Important Regulatory Changes – Distribution Activity (1/4)
Appendices - Regulatory Aspects - Distribution Important Regulatory Changes – Distribution Activity (1/4) ❑ RP4 and RP5 Regulations on Distribution tariffs • RRR: ANRE approved Order no. 75 of 6 May 2020, which established a regulated rate of return (RRR) for electricity and gas, distribution and tr
Slide 51: Important Regulatory Changes – Distribution Activity (2/4)
Appendices - Regulatory Aspects - Distribution Important Regulatory Changes – Distribution Activity (2/4) ❑ The methodology for establishing distribution tariffs for RP5 was approved by ANRE Order no. 67/17Sep2024 and entered into force on 20Sep2024 I. OPEX: ▪ OPEXC and the efficiency factor will be
Slide 52: Important Regulatory Changes – Distribution Activity (3/4)
Appendices - Regulatory Aspects - Distribution Important Regulatory Changes – Distribution Activity (3/4) 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
Slide 53: Important Regulatory Changes – Distribution Activity (4/4)
Important Regulatory Changes – Distribution Activity (4/4) Appendices - Regulatory Aspects - Distribution ❑ 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 o
Slide 54: Methodology for establishing distribution tariffs RP5
Methodology for establishing distribution tariffs RP5 Appendices - Regulatory Aspects - Distribution Regulated Revenue VR = VR nonNL 1 + VR NL A 1 2 3 4 5 6 B 7 8 9 Reactive Revenue OPEX 3 OPEX Revenue&other VR VR NL VR NL Amortization RRAB 4 KVP VR NL non NL 2 Contr Noncontr activities profit Usefu
Slide 55: Changes in distribution tariffs methodology (1)
Appendices - Regulatory Aspects - Distribution Changes in distribution tariffs methodology (1) Methodology for establishing distribution tariffs - Summary RP5 vs RP4 RP4 RP5 1 OPEX Controllable – Costs that must be made more efficient do not OPEX Controllable – Costs that must be made more efficient
Slide 56: Changes in distribution tariffs methodology (2)
Changes in distribution tariffs methodology (2) Appendices - Regulatory Aspects - Distribution 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 are 1. R
Slide 57: Changes in distribution tariffs methodology (3)
Changes in distribution tariffs methodology (3) Appendices - Regulatory Aspects - Distribution 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
Slide 58: Regulatory Developments – Supply (1/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (1/21) 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 and completing s
Slide 59: Regulatory Developments – Supply (2/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (2/21) Law No. 206/2022 to approve Government Emergency Ordinance No. 27/2022 regarding the measures applicable to final customers on the electrical energy and natural gas market
Slide 60: Regulatory Developments – Supply (3/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (3/21) GEO no. 119/2022 - to amend and supplement the GEO n98xo. 27/2022 on the measures applicable to final customers on the electrical energy and natural gas market during 1 Apr
Slide 61: Regulatory Developments – Supply (4/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (4/21) Law no. 357/2022 - Law on the approval of Government Emergency Ordinance no. 119/2022 for the modification and completion of Government Emergency Ordinance no. 27/2022 on t
Slide 62: Regulatory Developments – Supply (5/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (5/21) • maximum 1 leu/kWh, for the full consumption of public and private hospitals, public and private education units, nurseries and public and private providers of social serv
Slide 63: Regulatory Developments – Supply (6/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (6/21) 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 renewable energy
Slide 64: Regulatory Developments – Supply (7/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (7/21) GEO no. 30/2023 — Ordinance for the establishment of certain budgetary measures concerning the use of the solidarity contribution established by Government Emergency Ordina
Slide 65: Regulatory Developments – Supply (8/21)
Appendices - Regulatory Aspects – Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (8/21) GEO no. 32/2024 — Emergency Ordinance for the amendment and completion of the Government's Emergency Ordinance no. 27/2022 regarding the measures applicable to end customer
Slide 66: Regulatory Developments – Supply (9/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (9/21) GD no. 318/2024 — Decision on the approval of the general framework for the implementation and operation of the support mechanism through contracts for the difference for t
Slide 67: Regulatory Developments – Supply (10/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (10/21) 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 production capacit
Slide 68: Regulatory Developments – Supply (11/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (11/21) GEO no. 68/2024 — Emergency Ordinance for the amendment and completion of the Government's Emergency Ordinance no. 166/2022 regarding some measures to provide support to c
Slide 69: Regulatory Developments – Supply (12/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (12/21) 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 contracts for
Slide 70: Regulatory Developments – Supply (13/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (13/21) Law no. 261/2024 — Law on the approval of the Government Emergency Ordinance no. 39/2024 for the amendment and completion of the Government Emergency Ordinance no. 159/202
Slide 71: Regulatory Developments – Supply (14/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (14/21) 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 established in
Slide 72: Regulatory Developments – Supply (15/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (15/21) 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 the president o
Slide 73: Regulatory Developments – Supply (16/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (16/21) 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 approval of the Rul
Slide 74: Regulatory Developments – Supply (17/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (17/21) 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 Romania of foreign
Slide 75: Regulatory Developments – Supply (18/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (18/21) 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 contribution for high-ef
Slide 76: Regulatory Developments – Supply (19/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (19/21) ANRE Order no. 54/2024 — Order for the modification and completion of the Commercial Rules regarding the collection, processing and transmission of the measured values of
Slide 77: Regulatory Developments – Supply (20/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (20/21) ANRE Order no. 59/2024 – Order for the modification of the Methodology for determining and collecting the contribution related to contracts for the difference, approved by
Slide 78: Regulatory Developments – Supply (21/21)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 31 October 2024 – Supply (21/21) ANRE Order no. 72/2024 – Order for the modification and completion of the Monitoring Methodology of the system for promoting the production of electricity from renewable e
Slide 79: Glossary
Glossary ANRE Romanian Energy Regulatory Authority IFRS International Financial Reporting Standard B2B Business to Business IMS Integrated Management System BET-TR Bucharest Exchange Trading - Total Return Index IPO Initial Public Offering BM Balancing Market LSE London Stock Exchange BoD Board of D
Slide 80: 2024 Financial Calendar
2024 Financial Calendar • 29 February Publication of the Preliminary Financial Results for FY 2023 • 6 March Publication of the 2023 financial annual results - documents for the Ordinary General Meeting of Shareholders on 25 April 2024 • 11 March Investor and analyst teleconference for presentation
Slide 81: Investor Relations & Disclaimer
Investor Relations & Disclaimer • Email: ir@electrica.ro • Web: https://www.electrica.ro/en/investors/ Investor Relations • Tel: +40 (0)21.208.50.35; +40 731 796 111 • Address: 9 Grigore Alexandrescu Str., 1st District, Bucharest, 010621 This document has been prepared by Electrica and is for inform
Slide 82: Q & A
Q&A Executive Management Mr. Alexandru-Aurelian Chirita CEO 2017 2018 Ms. Livioara Sujdea Mr. Stefan Frangulea Ms. Andreea Lambru CDO CFO CBDO 82 Public
Societatea Energetica Electrica — Q3 2024 Earnings Presentation on 6ix