ANNUAL REPORT 2013

THE FUTURE INSPIRES US

01 MESSAGE FROM THE PRESIDENT

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IN A PARTICULARLY DIFFICULT YEAR

OUR COMPANY CLEARLY DEMONSTRATED THE RESILIENCE OF ITS BUSINESS MODEL

RUI CARTAXO Chairman of the Board of Directors and Executive Committee

02 REN AT A GLANCE

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A LOOK
at 2013

IMPORTANT FIGURES, MILESTONES,

AREAS OF BUSINESS AND MAIN

FINACIAL INDICATORS

REN’s core business consists of the management of energy transmission systems and we are present in the electricity and natural gas

03 MANAGEMENT REPORT

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A PLAN FOR SUCCESS

The results obtained this year prove that REN has continued to grow and invest in Portugal. The success of our strategic plan now motivates us to look abroad and seek new sources to create value outside Portugal, leveraged by our extensive experience and technical skill.

04 SUSTAINABILITY
AT REN

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TRANSMITTING THE ENERGY OF CHANGE

REN’s mission is to ensure the supply of electricity and natural gas without interruptions. However, it is also to search for new ways of protecting the environment, to support and help in the development of our employees, to talk to and involve the community, helping create a more sustainable future guided by the best environmental and social practices.

05 CONSOLIDATED
AND INDIVIDUAL ACCOUNTS

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A FUTURE OF SMARTER ENERGIES

The opening of the REN/State Grid R&D Centre reinforces our commitment to the future through an ongoing focus on research, development and innovation of new, more efficient and sustainable transmission networks, capable of guaranteeing tomorrow’s energy needs.

06 CORPORATE GOVERNANCE

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HIGH PERFORMANCE IN ACTION

REN achieved excellent results in quality of service with 0.09 seconds of interruption in the electricity network and 0 seconds of interruption in the natural gas network. A performance which places us among the best in the world, thanks to a highly specialized team and a solid management and investment strategy with regard to infrastructure.