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Investor Presentaiton

ENGIE Investor Presentation EMERGING RISKS AS IN THE INTEGRATED REPORT As part of our risk management, we identify as emerging risks the following Changes in the regulatory framework affecting our activities Changes in electricity consumption patterns Development of new technologies Mitigation actions Potential impact Description Increased costs or decreased revenue due to new regulatory requirements or restrictions. The energy sector is changing, and our clients require energy efficient and environmentally friendly products. There are also clients who produce part of the energy that they need and consume the remaining energy from SEIN Energy storage through batteries is becoming a fundamental help for photovoltaic and wind plants Lower energy sales due to lower dispatch and higher costs for the plants. Decrease of centralized power generation revenues due to low demand from clients. There would also be a possible oversupply, which may bring about a decrease of market price Decreased revenues due to a lower demand by clients who produce part of the energy with photovoltaic plants as they may be able to store the energy they do not consume. On the other hand, thermal plants running on gas may be replaced by batteries by using 100% of renewable energy plants Open roundtables with the government and industry to analyze new regulation and present our analysis to promote an open and transparent debate The company is developing and adapting its business supply of energy efficiency for its clients To mitigate the risk, the company is focusing on renewable energies and evaluating energy storage projects Managing changes regulatory in • Technical and More a economic analysis renewable energy projects incorporated to improve the supply would be participatory and • Stability principles decidedly manner Regulatory foreseeability ENGIE Energía Perú 38
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