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Redeia Corporacion SA
SWB:RE21

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Redeia Corporacion SA
SWB:RE21
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Price: 15.25 EUR 0.2% Market Closed
Market Cap: €8.2B

Redeia Corporacion SA
Investor Relations

In the heart of Spain's thriving business landscape sits Redeia Corporación SA, a pivotal player in the world of energy and communications. Emerging as an essential infrastructure operator, Redeia's roots are deeply embedded in the nation's quest for energy security and sustainability. It operates primarily as the parent company of Red Eléctrica de España, the sole transmission service operator for Spain’s national electricity grid. At its core, Redeia plays the critical role of ensuring that electricity moves seamlessly from producers to consumers, efficiently managing the high-voltage transmission network. This responsibility positions it as a linchpin in the energy landscape, balancing supply and demand, integrating renewable energy sources, and contributing to the reduction of carbon emissions.

Beyond electricity, Redeia has also expanded its reach into the telecommunications sector, capitalizing on its vast array of assets to enhance digital connectivity across its footprint. Through its subsidiary, Red Eléctrica Internacional, the company taps into international opportunities, leveraging its expertise in energy management beyond Spain’s borders. Moreover, its satellite business arm, Hispasat, further diversifies its revenue streams by providing innovative satellite-based communication services. Redeia's strategic blend of energy and telecommunications allows it to generate revenue through regulated activities in the energy sector and competitive ventures in telecommunications, ensuring a robust and diversified business model poised for future growth.

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Last Earnings Call
Fiscal Period
Q2 2022
Call Date
Jul 27, 2022
AI Summary
Q2 2022

Solid Results: Redeia reported robust first-half results with net profit up 1.4% to €363 million and revenue increasing by 4% to €1.03 billion.

Investment Acceleration: Group investments rose 8.2% to €273 million, with TSO investment up nearly 11% year-on-year. CapEx for 2022 is expected to exceed €500 million.

Debt Reduction: Net financial debt dropped significantly to €4.37 billion, mainly due to proceeds from the sale of a 49% stake in Reintel.

Dividend Commitment: Dividend raised to €1 per share, with a commitment to maintain this level until 2023 and a floor of €0.8 per share through 2025.

International & Diversification: International operations, especially in Brazil, and the telecommunications (Hispasat, Reintel) businesses drove growth, with international EBITDA expected to reach around €80 million for 2022.

Regulatory Stability: Redeia remains unaffected by Spain's windfall tax on energy companies due to its strictly regulated business model.

Sustainability Focus: Ongoing strong emphasis on ESG, with 30% of funding linked to green criteria and ambitious emissions reduction targets.

Key Financials
Revenue
€1.03 billion
Net Profit
€363 million
Investment
€273 million
Net Financial Debt
€4.37 billion
Operating Cash Flow
€765 million
Funds from Operations (FFO)
€621 million
Dividend per Share
€1
Working Capital (provisional tariff impact)
€450 million
Earnings Call Recording
Other Earnings Calls
2022

Management

Contacts

Address
MADRID
Alcobendas
Paseo Conde de los Gaitanes, 177, La Moraleja
Contacts
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