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Investor Presentaiton

CONTRACT PARAMETERS FROM 2013 AND ITS BENEFITS ヨ Take or pay contract for 5 m tons of lignite for ČEZ until the Vršany mine is exhausted (about 2060) Starting price of coal 38.8 CZK/GJ, which gradually increases to the level of 0.65 ARA until 2023 Sale option for 100% of shares in EPC to Vršanská uhelná in 2016 (option 1); Sale option for 100% of shares in EPC to Vršanská uhelná in 2024 (option 2); In case EPC is sold, also the contract for 5 m tons of lignite is transferred to VUAS Agreement on the reciprocal settlement of relations, withdrawal of the complaint at the European Commission ■ Termination of trade disputes with VUAS, enabling settlement with the European Commission Ensuring secure long-term fuel supply for ČEZ sources: EPC and Energotrans Contribution to stabilization of EPC economy by linking the fuel price with black coal price, resulting in a price advantage over black coal plants In case of unfavorable developments in the energy markets, the possibility to terminate the contract using predefined unilateral options of ČEZ 17 Note: VUAS - Vršanská uhelná, a.s. CEZ GROUP
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