Redeia Corporacion Sa · BME:RED

Redeia Corporacion Sa — Redeia — Q1 2025 Earnings Presentation

17 slides from Redeia Corporacion Sa's earnings presentation, April 2025

1. Slide 1: Results Q1 2025 April 2025

   Results Q1 2025  April 2025

2. Slide 2: 1. Q1 25 results. 2. 2025 Outlook

   1. Q125 results. 2. 2025 Outlook. Results Q1 2025  April 2025

3. Slide 3: Q1 25 results

   1 Results Q1 2025  April 2025 3

4. Slide 4: Q1 2025 key figures

   € 424 M € 320 M € 138 M Revenue* EBITDA Net Profit € 412 M in Q124 € 307 M in Q124 € 132 M in Q124 € 254 M € 5.577 M Investments Net Debt 150 M€ in Q124 € 5,370 M in Dec.24 € 0.20 per share € 254 M Note: Year 2024 restated according to the Interim dividend distribution FFO reclassification of Hispas

5. Slide 5: P&L and EBITDA by business

   P&L (€M) Q125 Q124 3 Δ% EBITDA Q125 Q124 Δ€M Δ% Revenues1 424 412 +3.0 % TSO 253 239 14 +6.0 % Other income and OWC2 36 30 +20.9 % International 34 31 3 +10.4 % Operating expenses -140 -135 +3.8 % Optic fibre 28 30 -2 -5.7 % Net Opex -104 -105 - 1.0 % Other and consolidation 4 7 -2 -34.0 % Gross ope

6. Slide 6: Revenue evolution

   €M +3.0% 4 424 11 412 2 0.4 Q124 1T24 TSO International Optical fibre Fibre optic Other, corporate and 1T25 Q125 consolidation adjustments  Regulated business in Spain (+3.1%): improvement due to higher revenues from new commissioning and from projects for third parties. System operation activity s

7. Slide 7: Operating expenses evolution

   M€ + 3.8 % + 0.0 % 135 7 140 2 140 2 2 Expenses with income Not comparable offsetting entry Q124 1T24 Salto de Chira Projects for third Personnel Staff costs Other expenditure Rest of the costs 1T25 Q125 Advance progress parties and others expenses  Higher expenses with offsetting in other operatin

8. Slide 8: EBITDA evolution

   M€ +4.4% 14 3 320 307 2 2 1Q24 1T24 TSO International Optical fibre Optic fibre Other 1T25 1Q25  Increased contribution from TSO thanks to higher transmission revenues and lower net operating expenses.  International business improves due to the good performance in all countries.  The evolution o

9. Slide 9: Net profit evolution

   M€ + 4.2% 14 1 138 1 3 132 1 4 1Q24 Net1Q24 B. Net profit EBITDA Depreciation and Amortisations Financial Financial Rdo. result IS Corporate tax Discontinued Minorities Minority 1Q25 Net Net1Q25 B.Net profit other and other operations  Higher amortisation and other due to higher operating assets. 

10. Slide 10: 94% of group investments eligible under European Taxonomy

    M€ TSO strategic projects  Progress on the Interconnection with France, with the first link scheduled to come into service in 2027.  Work continues on the Tenerife - La Gomera, Peninsula - Ceuta TSO and Galicia - Portugal interconnections, all of which are International scheduled to come into serv

11. Slide 11: Operating cash flow and net debt

    €M Operating Cash Flow 186 €M 5,577 108 32 5,370 254 67 254 DN/EBITDA FFO/DN FY24 FFO Changes in Investments Dividends Other 1T25 1Q25 'A-' working Stable outlook capital Fitch and S&P  FFO decreased by 41%, as the previous year included the collection of the 2022 income tax refund (€ 193 M), mainl

12. Slide 12: Debt structure and liquidity

    2,469 3% 2% M€ Eurobond 13% BEI Other long term loans 1,076 1,108 11% Long term credits 827 750 USPP Other 70% 9% 2025 2026 2027 2028 2029-following 8% Euro 91% Currency Fixed Type Fixed rate 11% 92% 23% Type Variable Variable rate Loans facilities Credit policies 38% Syndicated loans Cost of debt A

13. Slide 13: 2025 Outlook

    4 Results Q1 2025  April 2025 13

14. Slide 14: Tripling in 2025 the investment effort vs 2020

    M€ > 1462 1,105 877 830 825 672 Tripling in 2025 the 564 532 493 439 414 421 392 413 405 426 investment effort vs 2020 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Strategic Plan 2021-2025 Results Q1 2025  April 2025 14

15. Slide 15: Sustainable dividend policy: floor 0.8 €/share

    Estimated figures for 2025 after the sale of Hispasat Sustainable dividend policy Floor 0.8 €/share 2024 2025 Results Q1 2025  April 2025 15

16. Slide 16: Results Q1 2025 Redeia

    redeia redeia Valuing the essentials red eléctrica reintel hispasat redinter elewit Results Q1 2025 ¢ April 2025

17. Slide 17: Disclaimer

    This document has been prepared by Redeia Corporación, S.A. (hereinafter, whom this document is addressed, as well as by those who consider that they Redeia) for the sole purpose set forth herein. It may not, under any have to take decisions or issue or disseminate opinions regarding securities circ

Redeia — Q1 2025 Earnings Presentation on 6ix