Repower at a GLANCE REPOWER WE HELP SHAPE the FUTURE of ENERGY
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All the energy you need. REPOwer AT A GLANCE REPOWER WE HELP SHAPE THE FUTURE OF ENERGY. Repower is an international energy company headquartered in 2015 FINANCIAL HIGHLIGHTS CHF m EUR m* Poschiavo (Canton Graubünden, Switzerland). The group traces its Total operating revenue 1,896 1,775 roots back more than 100 years. It operates along the entire elec- Income before interest and taxes (EBIT) -69 -65 tricity value chain, from generation and trading to distribution and EBIT before exceptional items 12 11 sales. In Italy it is involved in the gas business as well. Repower also Group result -136 -127 has a NewTech unit charged with developing solutions facilitating the smart integration of energy systems. In the future Repower will Group result before exceptional items -46 -43 be actively shaping the future of energy by engaging even more Balance sheet total 1,828 1,687 intensively in the sales and service business. Equity 600 554 Equity ratio 33% Repower’s key markets are Switzerland and Italy. It has offices and subsidiaries in Poschiavo, Bever, Ilanz, Küblis, Landquart, Zurich, * The figures in euros are approximations. The figures in Swiss francs (CHF) are binding. Clos- Milan and Bucharest. ing rate on 31 December 2015 for balance sheet total and equity: EUR 1.08350; average 2015 exchange rate for other amounts: EUR 1.06840. ENERGY BALANCE SHEET 2015 2014 Change Electricity business in GWh Trading 11,560 11,153 +4% Trading Supply/sales 5,782 5,945 -3% (electricity sold) Trading Pumps, own use, losses 341 325 +5% (electricity procured) 17.7 TWh approx. Electricity sales 17,683 17,423 +1% Trading 14,894 14,770 +1% Own generation 1,701 1,471 +16% Sales Own generation and Energy from participations 1,088 1,182 -8% energy from participations Electricity procurement 17,683 17,423 +1% Gas business in 1,000 m3 Sales to end customers 235,599 222,580 +6% Trading (sales) 919,752 710,906 +29% Held for trading 1,309,715 1,187,975 +10% 8% Gas sales 2,465,066 2,121,461 +16% 33.7% Used by Teverola gas-fired power plant (Italy) 174,045 119,312 +46% OWNERshIP STRucTURE Canton Graubünden Axpo 58.3% Free float PEOPLE WE DEVOTE OUR ENERGY TO YOU. Repower employs around 635 people. Added to this are around 465 NUMBER OF EMPLOYEES 2015 sales consultants in Italy. In Switzerland, Repower offers 30 young Switzerland 446 people basic vocational training. The group is recognised as an at- Italy 159 tractive employer providing opportunities in dozens of different Romania 30 Total 635 trades, professions and functions. Apprentices 30 People at Repower are guided by a set of core values: building trust, Sales consultants in Italy 465 taking personal initiative and producing effect. GENERATION WE GENERATE ELECTRICITY AT OUR OWN PLANTS. Repower has its own generation assets in Switzerland, Italy and Germany, plus interests and purchase rights in other power plants. HYDRO CAPACITY GENERATION REPOWER’S INTEREST Own plants MW 1 GWh 1 2 % CH Küblis 45.6 183 100 CH Schlappin 7.0 29 100 CH Klosters 16.5 24 100 CH Papierfabrik Landqart 1.3 7 100 CH Madulain 1.4 6 100 CH Silvaplana 1.5 4 100 CH Morteratsch 0.5 4 100 CH Palü 10.0 14 100 CH Cavaglia 7.0 21 100 CH Robbia 27.0 111 100 * 2015 figures CH Campocologno I 45.0 209 100 52% hydro 4% wind CH Campocologno II 1.5 6 100 CH Lunschania 0.9 2 100 31% gas 13% nuclear CH Trun 0.7 4 100 CH Ladral 5.5 13 100 100 PER CENT RENEWABLE CH Taschinas 6.6 22 57 4 The aim under the 2025 strategy is for Subtotal 178.0 659 100 per cent of Repower’s own produc- Interests and drawing rights tion to be generated from renewable CH Ferrera 4.0 18 49 resources. For this reason the company CH Frisal 2.3 10 10 CH KW Hinterrhein 41.0 93 6.5 is looking into the sale of its nuclear CH Grischelectra 214.0 580 3 power interests and its combined-cycle Subtotal 261.3 701 gas turbine plant in Teverola in Italy. Total hydro 439.3 1,360 Repower also intends to consolidate and develop its portfolio of hydropower COMBINED CYCLE GAS TURBINE assets, already the backbone of its own Interest generation capacity. IT Teverola 244.0 750 61 Total gas 244.0 750 CONTRACTS FOR THIRD PARTIES Repower draws on its know-how to also WIND position itself as a provider of services Own plants to third parties, delivering contracts to IT Corleto Perticara 9.3 11 100 plan, renovate and maintain plants and IT Lucera 26.0 50 100 equipment on behalf of other energy DE Prettin 5.7 9 57 4 DE Lübbenau 9.1 19 57 4 utilities. Interest IT Giunchetto 11.6 20 39 PUREPOWER AND SOLARPOWER Total wind 61.7 109 Repower works with 111 privately and publicly owned generation facilities (mains water turbines, biomass and Nuclear Drawing rights photovoltaic) to produce its two green CH Gösgen 12.0 80 5 power products, Purepower and Solar- CH Leibstadt 2.0 14 5 power. FR Bugey 2 + 3 22.0 160 5 FR Cattenom 3 + 4 12.0 91 5 REPARTNER PRODUCTION Total nuclear 48.0 345 INVESTMENT COMPANY Repartner Produktions AG is a vehicle PHOTOVOLTAIC (SOLAR) created by Repower offering Swiss en- Own plants ergy utilities an opportunity to partici- CH Ludains, St. Moritz 0.02 0.01 100 CH Piz Nair/lower terminus, St. Moritz 0.01 0.01 100 pate in a diversified portfolio of electric- CH Repower building, Bever 0.03 0.03 100 ity generation assets in Switzerland and CH Itu Landa Sol, Ilanz 0.02 0.02 100 abroad. The portfolio, which currently CH Youth club Samedan 0.03 0.03 100 CH School Poschiavo 0.04 0.04 100 comprises the Taschinas hydropower CH School Ilanz 0.01 0.02 100 installation and the Prettin and Lüb- CH Works yard Landquart 0.03 0.03 100 benau wind farms in Germany, is being Interest progressively expanded. In return for CH Desert da Sol, Disentis 0.04 0.04 25 their investment, shareholders in the Total photovoltaic 0.23 0.23 company receive purchase rights to electricity from the facilities in the port- Total Repower generation 793.2 2,564 folio. Besides Repower, nine partners, 1 In the case of interests, the figure refers to Repower’s share plus any additional exploitation rights. 2 Long-term average generation predominantly municipal utilities, are 3 Markets electricity destined for Canton Graubünden and various concession municipalities in the Canton Graubünden. invested in Repartner Produktions AG. 4 Plants of Repartner Produktions AG. 5 From nuclear holding companies. TRADING WE POOL INTERNATIONAL RESOURCES AND EXPERTISE. Energy trading is the hub connecting the company’s generation and Repower trades in electricity, gas, coal, oil, carbon certificates and sales operations with the market. Repower operates on the most guarantees of origin. The Market Access team ensures permanent important Central European trading platforms from its trading presence, serving as the main interface to partners and customers. floors in Poschiavo and Milan. The business focuses on asset-based Repower’s traders can draw on in-depth input from the Market Intel- trading, designed to optimise management of the company’s own ligence team (market data management, analysis and research, and portfolio. The company also offers its trading services to other en- system development). And a streamlined, professional back office ergy providers. takes care of administrative duties and regulatory management. TRADING MARKETS IN EUROPE 5 Energy exchanges Electricity sales 2015, trading: 1. EPEX SPOT Paris (own use only) 12 TWh approx. 2. EEX Leipzig 3. EXAA Vienna Electricity sales 2015, sales: 4. Powernext Paris 6 TWh approx. 5. Nord Pool Oslo Gas sales 2015, trading: 6. GME Rome Own use: 0.9 billion m3 approx. 3 2 Held for trading: 1.3 billion m approx. Gas sales 2015, sales: 3 1/4 0.2 billion m approx. 3 Repower Trading (Poschiavo) Repower Trading (Milan) 6 DISTRIBUTION WE MOVE ENERGY ACROSS BORDERS. Assuring a secure and reliable supply of electricity to customers means having high-capacity pan-regional and regional distribution grids. Repower owns, maintains and builds distribution grids with voltages AustrIA ranging between 0.4 and 150 kV in the Prättigau/Rhine Valley/ 1 Davos, Engadine/Poschiavo and Surselva areas of Canton Graubünden. The company also builds and operates the relevant substations and switching stations. 2 Graubünden In 2009 Repower commissioned a 150 kV merchant line between Tirano (Italy) and Campocologno (Switzerland) to increase transport volumes and security of supply even further. A new 220 kV merchant line 3 1 Küblis 2 Ilanz between Val Bregaglia (Bergell, Switzerland) 3 Bever 4 Poschiavo and Italy is currently being planned. ItaLY 380 kV Repower lines 4 220 kV Repower supply area 50-60 kV Downstream grid operator 150 kV merchant line Substation 20 substations 2,185 km of cable 110 kV/130 kV/150 kV Substation with feed-in point 691 transformer stations 2,500 km of power line routes 1,380 kiosks 552 km of overhead lines SALES WE’RE GUIDED BY THE NEEDS OF OUR CUSTOMERS. Repower supplies customers in Switzerland, Italy, Romania and Germany with energy. SWITZERLAND ITALY Repower is the leading supplier of electricity in Southeast Switzer- In Italy, Repower is one of the biggest suppliers of electricity and land, with around 45,000 customers ranging from private house- gas to small and medium-sized enterprises, providing consumers holds to industrial, commercial and public sector consumers and with customised value-adding services on the cutting edge of downstream municipal utilities.