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Alpiq Holding Ltd. Lausanne, D10.06.2020 Contents

1. at a glance 2. Alpiq’s hydropower operations 3. Working with Alpiq Hydro Switzerland

Alpiq Holding Ltd. | Hydro Power Generation 2 Alpiq at a glance Alpiq in brief

• Active in 30 countries throughout Europe • KPIs 2018: CHF 5.2 billion net turnover and CHF 166 million EBITDA before exceptional items • Approximately 1,290 employees • Headquarters in Lausanne, Switzerland

Alpiq Holding Ltd. | Hydro Power Generation 4 Power generation

In Switzerland, Alpiq is a major producer and operator of • Run-of-river power plants • Storage power plants • Pumped storage power plants • Small hydropower plants • Photovoltaic systems and wind farms. Alpiq also holds shares in two plants

In Europe, Alpiq is an electricity producer and operator of • Conventional thermal power plants in Italy, Spain and Hungary • Small hydropower plants, wind farms and photovoltaic systems

Alpiq Holding Ltd. | Hydro Power Generation 5 Installed capacity

Hydropower: Nuclear power: Conventional Small-scale hydropower, thermal power: wind, photovoltaics: 49.0 % 13.4 % 31.6 % 6.0 %

Switzerland Switzerland Europe Switzerland; Europe 2,701 MW 738 MW 1,740 MW 17 MW; 311 MW

100 % = 5,507 MW

0% 20% 40% 60% 80% 100%

Source: Alpiq Annual Report 2018, adjusted

Alpiq Holding Ltd. | Hydro Power Generation 6 Power generation by country

Total: 12,845 GWh

Switzerland 9,249 GWh (72.0 %)

Italy 2,600 GWh (20.2 %)

Hungary 496 GWh (3.9 %)

Spain 346 GWh (2.7 %)

Bulgaria 119 GWh (0.9 %)

France 35 GWh (0.3 %)

Alpiq Holding Ltd. | Hydro Power Generation 7 Alpiq’s hydropower operations Recent projects

2000 – ... The journey continues: overhauls, refurbishments and extensions

Nant de Drance pumped storage FMHL+, 2017 Martigny-Bourg, overhaul, 2013 station + 240 MW capacity 22 MW 900 MW installed capacity Expansion with vertical ternary units Variable speed pump-turbine units Commissioning scheduled for 2021

Alpiq Holding Ltd. | Hydro Power Generation 9 Recent projects

2000 – ... The journey continues: overhauls, refurbishments and extensions

Gondo Unit 3 Mottec Tannuwald 20 MW installed capacity 3x27 MW Pelton Turbine 2x2 Pelton Turbines 32 MW each Commissionned 2017

Alpiq Holding Ltd. | Hydro Power Generation 10 Assets in Switzerland

Ryburg Total: 7,140 MW

11 reservoir plants

Gösgen 5,500 MW

Ruppoldingen 2 pumped storage plants Flumenthal 1,320 MW

6 run-of-river plants 320 MW

Zervreila Engadin

Blenio Electra-Massa Hongrin-Léman Maggia Hinterrhein

Salanfe Cleuson-Dixence Gougra Simplon

Nant de Drance

Emosson Grande Dixence Martigny-Bourg

Alpiq Holding Ltd. | Hydro Power Generation 11 Assets

Alpiq’s shares in Swiss Hydropower

Asset Short name Alpiq shareholding Installed capacity (MW) Grande Dixence GD 60% Cleuson Dixence CLD 73% 2,069 Première Dixence DIX 100% Émosson ESA 100% 420 Nant de Drance NDD 39% 900 Hongrin-Léman FMHL 39% 480 Électra-Massa EM 35% 340 Gougra FMG 54% 207 Alpiq Hydro Aare AHA 100% 94 Engadin EKW 22% 410 Zervreila KWZ 21.80% 265 Maggia OFIMA 13% 626 Salanfe SAL 100% 70 Hinterrhein KHR 9.20% 744 Blenio OFIBLE 17% 400 Simplon EES 82% 82 Ryburg-Schwörstadt KRS 13.5% 120 Martigny-Bourg FMMB 18% 22

Alpiq Holding Ltd. | Hydro Power Generation 12 Future projects

2000 – ... The journey continues: overhauls, refurbishments and extensions

Gabi HPP Oberaletsch ? 2x10 MW, 295 m gross head 1x42 MW, 650 m gross head 2x 45 MW Pump-Turbines 2 vertical Pelton Turbines 1 Pelton Unit in high sediment laden Commissioning foreseen 2022 waters Commissioning foreseen after 2025

Alpiq Holding Ltd. | Hydro Power Generation 13 Working with Alpiq Hydro Switzerland

Public procurement law Goods Services Construction Over the counter < 100'000 CHF < 150'000 CHF < 300'000 CHF Invitation (3 or more offers) < 250'000 CHF < 250'000 CHF < 500'000 CHF Open tender > 250'000 CHF > 250'000 CHF > 500'000 CHF International > 700'000 CHF > 700'000 CHF > 8'700'000 CHF

Alpiq Holding Ltd. | Hydro Power Generation 14 Working with Alpiq Hydro Switzerland

Public markets

• Public tender tool with alert function : SIMAP (www.simap.ch) • Alpiq (and generally swiss) main offer evaluation criteria by order of importance : 1. Reliability 2. Quality management 3. Performance 4. Price 5. After sales services 6. Customer orientation • Highly regarded complementary competencies and qualities : • Good knowledge of the national (local) official language : French, German, Italian, • “Serious” ISO 9001-2015 quality management • Contractual fairness.

Alpiq Holding Ltd. | Hydro Power Generation 15 Working with Alpiq Hydro Switzerland

Hydroexploitation

• Asset Service Provider/ Operator • 50% owned by Alpiq, rest by FMV and Romande Energie • Delegate purchaser for 80% of O&M and small refurbishments • Owned purchasing department: Michael Vuistiner

Alpiq Holding Ltd. | Hydro Power Generation 16 Working with Alpiq Hydro Switzerland

Alpiq Switzerland’s Hydropower Manufacturer Market at a glance

Engineering Civil Sediment Turbine HVOF Turbine Turbines Turbines Generators Generators Automation Consulting Gates Valves Transformers contractors Management Coating Governors SH LH SH LH & BOP services Alpiq subsidiary (Hydroexploitation) Yes (EM) No No No No Refurb. Yes No No No No No Yes Swiss competitors Yes Yes No Yes Yes Yes Yes Yes Yes No Yes/No No Yes Neighbouring competitors (D, F, I, A) Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Other EU & Int. competitors No No No No No No No Yes Yes (NO) Yes Yes Yes No Level of competition Very High Very High Low Low High High Fair High Fair Very High Fair High Fair Price level Low Fair High Very High Fair Fair Fair Low Fair Low Fair Low High

Alpiq Holding Ltd. | Hydro Power Generation 17 Other investments

- Hydropower Digital Solutions: New sensors, Digital clones, Predictive Maintenance,

Alpiq Holding Ltd. | Hydro Power Generation 18 Thanks for your attention

Bernard Valluy Head of project management and innovation [email protected]

Alpiq Holding Ltd. | Hydro Power Generation 19