Litgrid AB — Investor Presentation 2021

May 31, 2021

Litgrid

CEO meets investors 2021

Rokas Masiulis
Litgrid CEO

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About us

SERVICES

• Transmission of high voltage electricity (110-400 kv)

• Balancing consumption and production

• System reliability management services

• Services of public interest

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O

Litgrid

Reliable transmission of electricity in Lithuania

Transmission grid

AIT - 0,21 min.
Average interruption time in Litgrid responsibility

6986 km.
High voltage overhead lines

259 km.
High voltage cables

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Litgrid

LITGRID 2020

TRANSFORMER INSTALLED CAPACITY :

400 kV - 768 MW
330 kV - 4450 MW
110 kV - 92,6 MW

AVAILABILITY OF INTERNATIONAL INTERCONNECTORS

NORDBALT 95,6%

LITPOL LINK 92,4%

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Litgrid

Shareholder structure

Litgrid - part of EPSO-G

• UAB EPSO-G
• Minority shareholders

2,50%

Litgrid in NASDAQ Baltics

• 504 331 380 shares
• EUR 368 mln. market value
• Dividends for 2020 - EUR 16,5 mln.
• Dividends for 2011-2020 m. - EUR 213 mln.

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Litgrid

Litgrid revenue and profit in consistent growth

Litgrid

Revenue, EUR mln.

Net profit, EUR mln.

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Litgrid

Increasing investments for business opportunities and system reliability

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Litgrid

Strategic directions: energy independence and integration of renewables

• Independence from soviet energy system heritage
• Integration with the Continental European network
• Independence from fossil fuel
• Network preparation to integrate renewables
• Independence from not reliable sources of energy
• Blocking of unsafe energy from Astravets nuclear plant

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Establishing energy independence

3 of 14
Sinchronisation projects completed

Expanding the gate to the West-LitPol Link and Alytaus substation

Building Harmony Link, a subsea interconnection with Poland

Renewing national grid

Building synchronous condensers for reliable frequency and stability

Getting ready to manage frequency

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Litgrid

Long term planning 2020 - 2050

OUR INPUT INTO ENERGY EVOLUTION IN LITHUANIA

Prognosis: consumption of electricity in Lithuania will grow on average +2,25 % every year and until 2030 will reach 13,7 TWh.

NATIONAL GOALS	2030	2050	EU GOALS
Share of renewables in final consumption	45%	80%	Clean energy at affordable price
Share of renewables	45%	100%	CO2 emission decrease compared to su 1990 m.
Share of renewables	15%	50%	Share of renewables
Income from operations	32%	32%	Increase of energy efficiency

• Infrastructure for Lithuanian railways prepared for 2023, other sorts of electrification planned from 2029.

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Together with the national institutions aim to block energy produced in Astravets in Lithuanian market

• Does not comply to international rules
• Not safe
• Distorts the market

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Litgrid

Data from the electricity market - signs of evolving economy

Tendencies of GDP and electricity consumption in Lithuania

• Preliminary data

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Litgrid

Ačiū

Rokas Masiulis

AB „Litgrid“ generalinis direktorius