FUNDAÇÃO EDP ANNUAL REPORT 2016 ANNUAL REPORT 1 Table of Contents 01 Macro Indicators 6 02 Institutional Message 7 03 Statutory Bodies 9 Organisational Chart 04 Mission & Values 11 05 Recognition 14 06 EDP Foundation Activity 16 The Year in Images 07 Economic & Financial Situation 36 08 Profit Appropriation 42 09 Financial Report 46 2 FUNDAÇÃO EDP ANNUAL REPORT 2016 Table of Contents 01 Macro Indicators 6 02 Institutional Message 7 03 Statutory Bodies 9 Organisational Chart 04 Mission & Values 11 05 Recognition 14 06 EDP Foundation Activity 16 The Year in Images 07 Economic & Financial Situation 36 08 Profit Appropriation 42 09 Financial Report 46 3 4 FUNDAÇÃO EDP ANNUAL REPORT 2016 5 01 Macro Indicators 2.7 million euros The EDP Solidarity invested in (EDP Solidária) the area of Programme has an Social Innovation investment grant of 2.1 million euros 1.6 million people benefited from projects developed by Fundação EDP 1.2 million euros invested in cultural patronage 360,000 visitors to the Campus Central e MAAT 6 FUNDAÇÃO EDP ANNUAL REPORT 2016 02 Intitutional Message For the EDP Foundation, 2016 was a year marked by the inauguration of the Museum of Art, Architecture and Technol- ogy (MAAT), consolidating our institution’s cultural intervention in Portuguese society. This project designed by the architect Amanda Levete was extremely well received in the national and foreign press, and was frequently referred to as one of the most iconic buildings in Lisbon, as well as being included on the shortlist for various international architecture and design awards. In its first three months, the MAAT was visited by approximately 190 thousand people, bringing in 2016 the greatest number of visitors ever to the EDP Foundation’s exhibition spaces: 360 thousand people. Aside from the MAAT, the EDP Foundation carried out a profound renovation of the Power Station’s exhibition spaces, creating the conditions and requirements to receive works of art from international museums in one of the most beau- tiful examples of 20th century industrial architecture. Still in the field of culture, we remain one of the most important and recognised patrons in ortugal,P supporting institu- tions such as the Serralves Foundation, Casa da Música, National Ballet Company – where we are principal patron and exclusive patron of the National Tour, the Architecture Triennale, Porto Municipal Gallery and Youth Symphony Orches- tra. And this year, we awarded one of the most prestigious contemporary art prizes in Portugal, the EDP Art Grand Prize, to the artist Artur Barrio. Finally, we began to prepare what will be the EDP Foundation’s Pensamento magazine which, starting in 2017, intends to reflect on the most pertinent issues in our society, among which are those that make up our current life and antici- pate our future. In the social field, another crucial dimension of the EDP Foundation’s work, we maintained the EDP Solidarity project, the greatest private social investment programme in Portugal, valued at 2.1 million euros. This programme, which includes an independent jury, supports applications and projects in the fields of Health and Social Inclusion, as well as granting scholarships to university students who have academic merit but lack the economic resources necessary to continue their studies. We also developed other projects that aim to reinforce good citizenship, access to culture and campaign against energy vulnerability, always within a logic of social inclusion, as is the case with the Solidarity Schools, EDP Foundation Public Art and the Energy Orchestras. The importance of the EDP Foundation’s social and cultural intervention is evident in the total number of beneficiaries: 1.6 million people in 2016. It was also in 2016 that we began, with the landscape architect Vladimir Djurovic, to design the EDP Foundation’s park, a space measuring 20 thousand square metres where almost 300 trees and approximately 30 000 shrubs will be planted, and which we believe will help make the EDP Foundation campus a new centre for leisure and culture in Lisbon. 7 All of this activity was possible thanks to the donations granted to the Foundation every year by the EDP Group and its 03 shareholders, as well as the scrupulous financial management applied and a growing commitment to generate our own revenue, which would enable us to do more and better in the fields that we intend to develop. Statutory Bodies Therefore we are convinced that the bases are laid and the conditions created for the EDP Foundation to reinforce the relevant role it has taken on in Portuguese society in the social and cultural arenas. That is our wish and the expecta- tion of the national and international public who seek us, participating with enthusiasm in everything we do. Appointment of the members of the statutory bodies in 2016 In 2016, no changes were made to the composition of the EDP Foundation’s governing bodies. Board of Directors Governing Bodies Board of Trustees Vasco Rocha Vieira, Chairman António Luís Guerra Nunes Mexia Dingming Zhang Ana Maria Machado Fernandes Miguel Stilwell de Andrade Board of Directors António Luís Guerra Nunes Mexia, Chairman Nuno Maria Pestana de Almeida Alves Rui Miguel Coutinho Baptista João Paulo da Cruz Batista Mateus José Manuel dos Santos Executive Board Rui Miguel Coutinho Baptista, CEO João Paulo da Cruz Batista Mateus, Board Member José Manuel Pereira dos Santos, Board Member Maria Margarida Amado Pinto Correia Represas, Board Member Pedro César Clara do Carmo Gadanho, Board Member Catarina Copestake Cortez Pinto Seixas, Board Member Eduardo Rosa Silva, Board Member Supervisory Board Vítor Fernando da Conceição Gonçalves, Chairman Miguel Tiago Perestrelo da Câmara Ribeiro Ferreira, Board Member Vítor Manuel da Cunha Ribeirinho, em representação da KPMG, Statutory Auditor 8 FUNDAÇÃO EDP ANNUAL REPORT 2016 03 Statutory Bodies Appointment of the members of the statutory bodies in 2016 In 2016, no changes were made to the composition of the EDP Foundation’s governing bodies. Governing Bodies Board of Trustees Vasco Rocha Vieira, Chairman António Luís Guerra Nunes Mexia Dingming Zhang Ana Maria Machado Fernandes Miguel Stilwell de Andrade Board of Directors António Luís Guerra Nunes Mexia, Chairman Nuno Maria Pestana de Almeida Alves Rui Miguel Coutinho Baptista João Paulo da Cruz Batista Mateus José Manuel dos Santos Executive Board Rui Miguel Coutinho Baptista, CEO João Paulo da Cruz Batista Mateus, Board Member José Manuel Pereira dos Santos, Board Member Maria Margarida Amado Pinto Correia Represas, Board Member Pedro César Clara do Carmo Gadanho, Board Member Catarina Copestake Cortez Pinto Seixas, Board Member Eduardo Rosa Silva, Board Member Supervisory Board Vítor Fernando da Conceição Gonçalves, Chairman Miguel Tiago Perestrelo da Câmara Ribeiro Ferreira, Board Member Vítor Manuel da Cunha Ribeirinho, em representação da KPMG, Statutory Auditor 9 3.1 04. Organisational Chart Mission & Values Mission GOVERNING BODIES EXECUTIVE BODIES As the Foundation of a cosmopolitan and socially responsible company, to help improve quality of life through social, cultural and scientific initiatives. Board of Trustees Supervisory Board of Values Board Directors Executive Transparency Board (in every choice); Commitment (to the community); Innovation CEO General Secretary (in concepts & solutions); Human Resources Internal Communication Efficiency (in management); Rigour Museum/ Social Innovation (in execution & reporting). Programming The EDP Foundation – Institution & Purpose Financial and Marketing and Culture Campus Administrative Communication The EDP Foundation, a private Foundation with charitable status, was established by public deed on 13 December 2004 Publications, Conferences and recognised by ministerial order published in the National Official Journal (Diário da República), series II, No. 216, of and Patronage 10 November 2005, whose statutes were subject to amendment by deeds on 20 November 2007, 4 November 2009 and 1 March 2013, following the respective administrative authorisations. The Foundation’s general purpose is to promote, develop and support initiatives of a social, cultural, scientific, techno- logical, educational, environmental and sports nature, as well as to defend EDP’s heritage. The Foundation’s special purpose is to promote the study, preservation and dissemination of the cultural, scientific and technological heritage in Portugal associated with electric energy. 10 FUNDAÇÃO EDP ANNUAL REPORT 2016 3.1 04. Organisational Chart Mission & Values Mission GOVERNING BODIES EXECUTIVE BODIES As the Foundation of a cosmopolitan and socially responsible company, to help improve quality of life through social, cultural and scientific initiatives. Board of Trustees Supervisory Board of Values Board Directors Executive Transparency Board (in every choice); Commitment (to the community); Innovation CEO General Secretary (in concepts & solutions); Human Resources Internal Communication Efficiency (in management); Rigour Museum/ Social Innovation (in execution & reporting). Programming The EDP Foundation – Institution & Purpose Financial and Marketing and Culture Campus Administrative Communication The EDP Foundation, a private Foundation with charitable status, was established by public deed on 13 December 2004 Publications, Conferences and recognised by ministerial order published in the National Official Journal (Diário da República), series II, No. 216, of and Patronage 10 November 2005, whose statutes were subject to amendment by