51 slides from Redeia Corporacion Sa's shareholder meeting presentation, Jun 29, 2021
Slide 1: We guarantee the essential
... WE GUARANTEE THE ESSENTIAL ... with generosity and responsibility
Slide 2: The recovery starts now and will be green and digital
... The RECOVERY starts now and will be GREEN and DIGITAL ... The only way to a sustainable future.
Slide 3: Ecological transition advances with the drive for renewables
... The ECOLOGICAL TRANSITION, fundamental in the fight against ... climate change, advances with the drive for renewables Spain 2020: 44 % PNIEC 2030: 74 %
Slide 4: Because without grid there will be no ecological transition
... BECAUSE WITHOUT GRID THERE WILL BE NO ECOLOGICAL TRANSITION ... Transmission gridplanning 2021-2026.
Slide 5: 5G connectivity
... 5G CONNECTIVITY ... For a digital economy accessible to all.
Slide 6: A challenge for the country, a challenge for the company
... A CHALLENGE for the country. ... A CHALLENGE for the company.
Slide 7: Strategic Plan 2021-2025
... STRATEGIC PLAN 2021-2025 €4,400 M to drive ... transformation and accelerate economic recovery.
Slide 8: 75% to enable the ecological transition
... 75 % to enable ... the ECOLOGICAL TRANSITION
Slide 9: The backbone of the energy transition
... THE BACKBONE ... of the energy transition
Slide 10: Infrastructures for a meshed, smart, interconnected grid
... INFRASTRUCTURES FOR A GRID + Meshed + Smart + Interconnected with Europe
Slide 11: Storage, essential for isolated systems
... STORAGE, essential for isolated systems ... More tools for the operation of a more complex and dynamic system.
Slide 12: Telecommunications infrastructures for inclusive connectivity
... Telecommunications infrastructures, at the service of INCLUSIVE CONNECTIVITY Optical fibre. Satellites.
Slide 13: 20 years in Latin America
... 20 YEARS in Latin America ... and our path there continues
Slide 14: Energy and connectivity to change the future
... ENERGY and ... CONNECTIVITY to change the future #Españapuede
Slide 15: Our signs of identity
... Our SIGNS OF IDENTITY: ... Innovation, good governance, sustainability and people
Slide 16: Innovation for a connected and green future
... INNOVATION for a ... connected and green future
Slide 17: Good governance
... GOOD GOVERNANCE robust, diverse, ... transparent, and based on ESG criteria
Slide 18: Progress in Corporate Governance 2020
Progress in Corporate Governance 2020 Consolidation of our New annual commitment to Development self-evaluation Update of: Corporate communication of a new Director's process of the Governance Policy Contingency with shareholders Remuneration Policy. Board of Directors. plans for the succession, and
Slide 19: Commitment to Sustainability 2030
... Commitment to SUSTAINABILITY 2030 ... 11 goals aligned with the SDGs
Slide 20: Recognised leadership
... RECOGNISED LEADERSHIP Present in the main ... international sustainability indices.
Slide 21: Our priority is to protect biodiversity
... Our priority is to protect ... BIODIVERSITY Over €23 M in 2020.
Slide 22: Only IBEX 35 company with parity on its Board
... THE ONLY COMPANY ... in the IBEX 35 with parity in its Board of Directors
Slide 23: Responsible tax strategy and green financing
... Transparent and responsible tax strategy ... and commitment to GREEN FINANCING
Slide 24: Social innovation
... SOCIAL INNOVATION ... In order to achieve a more integrated territory, offering equal opportunities for all.
Slide 25: A company of people working for people
... A COMPANY OF PEOPLE ... working for people With transparent dialogue and open to all.
Slide 26: Road to 2025
... ROAD TO 2025 ... We look towards the future. We are ready.
Slide 27: Highest quality of electricity supply guaranteed
OUR MANAGEMENT IN 2020 We have guaranteed the highest quality of electricity supply and connectivity in all homes and essential activities. JGA_2021 27
Slide 28: Committed to a green and digital recovery
OUR MANAGEMENT IN 2020 We are committed to a recovery which is green and digital,fair and inclusive, as a cornerstone of economic rec onstruction and job creation. JGA_2021 28
Slide 29: Our role in energy transition and digital transformation
OUR MANAGEMENT IN 2020 Our role is vital in making the energy transition and digital transformation possible, which is essential to achieve climate neutrality in Europe by 2050. JGA_2021 29
Slide 30: Areas of action in response to COVID-19
OUR MANAGEMENT IN 2020 Areas of action in response to COVID-19 2 4 Care and Active collaboration protection of the with the most affected health of our groups employees 1 3 Ensuring security 5 Stronger of supply and the Support for commitment proper functioning our suppliers to digitalisation of our
Slide 31: Renewables and CO2 reduction in 2020
OUR MANAGEMENT IN 2020 44% DOMESTIC DEMAND MET BY RENEWABLE ENERGIES 54% INSTALLED RENEWABLE GENERATION CAPACITY 28% REDUCTION IN CO2 EMISSIONS, REACHING AN ALL-TIME LOW JGA_2021 31
Slide 32: More meshed and sustainable transmission grid
OUR MANAGEMENT IN 2020 MORE MESHED AND SUSTAINABLE TRANSMISSION GRID 2020 INVESTMENT FEATURED PROJECT IN THE TRANSMISSION GRID Ciudadela Cala Mesquida Electricity connection €383 M Mallorca-Menorca, essential for the decarbonisation of the Balearic archipelago. JGA_2021 32
Slide 33: Electricity planning proposal 2021-2026
OUR MANAGEMENT IN 2020 ELECTRICITY PLANNING PROPOSAL 2021-2026 MAKING THE ENERGY TRANSITION POSSIBLE €6,668 M TOTAL INVESTMENT €5,629 M earmarked for actions to strengthen the transmission grid. €1,039 M allocated to the development Maximising the integration of new international interconnections. o
Slide 34: International electricity business
OUR MANAGEMENT IN 2020 INTERNATIONAL ELECTRICITY BUSINESS TRANSMISSION GRID IN LATIN AMERICA Acquisition of 50% of Argo Energía in Brazil. Progress in investment in projects in Chile and Peru. Consolidation of the international electricity business. 4,459 km managed power lines in 2020. JGA_2021
Slide 35: Satellite business (Hispasat)
OUR MANAGEMENT IN 2020 SATELLITE BUSINESS (HISPASAT) Approval of a new Strategic Plan 2021-2025. Repositioning: from infrastructure operator to satellite services operator. 9 satellites in orbit. JGA_2021 35
Slide 36: Optical fibre business (Reintel)
OUR MANAGEMENT IN 2020 OPTICAL FIBRE BUSINESS (REINTEL) Largest operator in Spain. Catalyst for the digitalisation of society. More than 52,000 km of grid. JGA_2021 36
Slide 37: Elewit
OUR MANAGEMENT IN 2020 ELEWIT €16.9 M in innovation and technological development, distributed in 124 projects. JGA_2021 37
Slide 38: Key financial indicators
OUR MANAGEMENT IN 2020 KEY FINANCIAL INDICATORS DIVIDEND IN 2020 €M 2019 2020 ∆% Revenue 2,007.2 1,985.8 -1.1 EBITDA 1,583.7 1,568.5 -1.0 Net operating profit (EBIT) 1,082.2 929.0 -14.2 1 €/share Profit for the year 714.8 621.2 -13.1 fulfilling our commitment to the market. Investment 1,870.4 895.0
Slide 39: Net debt and first green bond
OUR MANAGEMENT IN 2020 NET DEBT: €6,113.3 M on 31/12/2020 51.9 % 82 % 5.3 Average debt life EUROBONDS FIXED-RATE years 34 % 18 % FFO/Debt 20.2 % LONG-TERM VARIABLE RATE LOANS Net debt/EBITDA 3.9 x 8.8% LONG-TERM LOANS 3.1 % USPP 2.2 % Issuance of the first green bond for €700 M, reaching OTHERS 23 %
Slide 40: Strategic Plan 2021-2025: strategic lines
STRATEGIC PLAN 2021-2025 STRATEGIC LINES TOTAL INVESTMENT: €4,400 M Energy transition (75 % of the total) 3,349 Connectivity boost 735 Making the Consolidation of the international business 224 energy transition a reality in Spain Other investments 92 JGA_2021 40
Slide 41: Regulated business investments
STRATEGIC PLAN 2021-2025 REGULATED BUSINESS INVESTMENTS INVESTMENT IN THE TRANSMISSION GRID €2,846 M TRANSMISSION GRID Renewable energy evacuation projects. €411 M Interconnection with France via the Bay of Biscay. STORAGE Galicia-Portugal interconnection. €92 M New Spain-Balearic Islands in
Slide 42: Regulated business: investments in TSO
STRATEGIC PLAN 2021-2025 REGULATED BUSINESS INVESTMENTS IN TSO Over €3,300 M €3,349 M foreseen for the period 2021E 2022E 2023E 2024E 2025E Acc 21-25 JGA_2021 42
Slide 43: International business: organic growth in Brazil, Peru and Chile
STRATEGIC PLAN 2021-2025 INTERNATIONAL BUSINESS ORGANIC GROWTH IN BRAZIL, PERU AND CHILE Participation in bidding processes for strategic transmission grids for the Group. Completion of ongoing projects. INTERNATIONAL INVESTMENT Peru: Commissioning of Tesur 4, second CCNCM circuit. Chile: Comple
Slide 44: International business 2021-2025 investment
STRATEGIC PLAN 2021-2025 INTERNATIONAL BUSINESS 2021-2025 INVESTMENT ESTIMATED CHANGE IN EBITDA TACC + 6 % €224 M 2020 2025E JGA_2021 44
Slide 45: Boost the optical fibre business
STRATEGIC PLAN 2021-2025 BOOST THE OPTICAL NEW OPPORTUNITIES FIBRE BUSINESS RELATED TO 5G 5G New types of customers, Deployment of 5G regional and local, in rural areas broadening the product to bridge the digital portfolio. and territorial divide. JGA_2021 45
Slide 46: Optical fibre + 5G business
STRATEGIC PLAN 2021-2025 OPTICAL FIBRE + 5G BUSINESS 2021-2025 INVESTMENT ESTIMATED CHANGE IN EBITDA TACC + 2-5 % + 5G €115 M 2020 2025E JGA_2021 46
Slide 47: Hispasat: new strategic plan
STRATEGIC PLAN 2021-2025 HISPASAT: NEW STRATEGIC PLAN Growth in mobility and connectivity services. Gradual and orderly transformation from a satellite infrastructure company to a services company. Catalyst for bridging the digital divide Test launch in 2022 of the in combination with fibre op
Slide 48: Satellite business investment and EBITDA
STRATEGIC PLAN 2021-2025 SATELLITE BUSINESS ESTIMATED CHANGE IN EBITDA 2021-2025 INVESTMENT TACC + 5 % €620 M 2021E Acc 21-25 Investment funded by Hispasat's cash flow, no additional debt. JGA_2021 48
Slide 49: Efficiency based on value generation
STRATEGIC PLAN 2021-2025 EFFICIENCY BASED ON VALUE GENERATION Guarantee Financial the continuity and capital Operational of the services optimisation. agility. of the Group. JGA_2021 49
Slide 50: Technological innovation through Elewit
STRATEGIC PLAN 2021-2025 Strong drive for technological A lever innovation to consolidate through ELEWIT Development the business to increase value of healthy work model, respond creation. environments, to future promoting an challenges innovative, agile and realise and collaborative opportunities.
Slide 51: 2021-2025 investment and dividend policy
STRATEGIC PLAN 2021-2025 2021-2025 INVESTMENT: €4,400 M €3.349 M DIVIDEND POLICY (€/SHARE) INVESTMENTS IN TSO 1,0 €735 M 0,8 INVESTMENTS IN Floor TELECOMMUNICATIONS €224 M INTERNATIONAL 2020-2022 2023-25 INVESTMENTS €92 M OTHER INVESTMENTS JGA_2021 51