Cia De Transporte De Energia Electrica Class B · BCBA:TRAN
Cia De Transporte De Energia Electrica Class B — Transener — Investor Presentation (October 2026)
23 slides from Cia De Transporte De Energia Electrica Class B's investor presentation, October 2026
Slide 1: Compañía de Transporte de Energía Eléctrica en Alta Tensión TRANSENER S.A.
Compañía de Transporte de Energía Eléctrica en Alta Tensión TRANSENER S.A. Oct 2026 1
Slide 2: Legal Disclaimer
Legal Disclaimer The material that follows is a presentation of general information about TRANSENER as of the date indicated herein and is based on publicly available information. It is in summary form, does not purport to be complete, is not intended to be relied upon as advice to potential investo
Slide 3: Industry Overview
gy Transener ™ Industry Overview
Slide 4: Industry Drivers
Industry Overview Industry Drivers Promote private ownership and market-based economic incentives Reward efficiency and penalize non-availability Regulate natural monopolies for transmission and distribution Guarantee open access and safety of the grid Protect rights of users and monitor quality of
Slide 5: Transmission System
Industry Overview Transmission System The electric power transmission system connects the “supply” (generation) with the “demand” (users), determining the highest quality of service that the end user can receive through the operation and maintenance of the facilities. It provides the essential input
Slide 6: Argentine Electricity Market Players
Industry Overview Argentine Electricity Market Players CAMMESA is responsible for, among other things, billing and collecting charges from WEM agents and making payments for transmission and generation services. Market Clearing House & Supply Dispatch Center Demand (CAMMESA) Independent Generators T
Slide 7: Company Overview
erg Transener IN Ce | Company Overview
Slide 8: About us
Company Overview About us With a 95-year concession contract, TRANSENER since 1993 and TRANSBA since 1997, we are responsible for the Operation and Maintenance of the National Power Transmission System and the Regional Transmission System of the Province of Buenos Aires. System expansions and extens
Slide 9: Company Overview: Transener
Company Overview + 15.457 km (13.341 + 2.116 supervised) 500 kV and 220 kV Lines Demand Concentration (60% of the country's demand) + 1.170 Highly skilled employees + 60 (53 + 7 supervised) Substations + 23.355 MVA (23.355 + 4.200) of transformation capacity Concession until 2.088 9
Slide 10: Company Overview: Transba
Company Overview +6.988 km 220 kV, 132 kV and 66 kV lines + 600 Highly skilled employees + 116 Substations + 6.853 MVA of transformation capacity Concession until 2.092 10
Slide 11: Company Overview: ownership structure
@ Company Overview EDISON Weld 50% 50% Transmision 50% & Eléctrica SA 50% (TESA) CITELECS.A OFERTA PUBLICA (eyma) 51% Clase A 49% Clase B Transener Transba Transener 99.9% CITELEC 0.01% 19,57% FREE FLOAT 27,78% CITELEC S.A. 1,65% "
Slide 12: Regulatory Overview
erg Transener Regulatory Overview
Slide 13: Regulated Transmission Tariff
Regulatory Overview Regulated Transmission Tariff Revenues are set ex-ante for each five-year tariff period. Operation and Maintenance Costs Tariff Model: Price Cap (does not ensure profitability). Investments (Capex) Regulated tariffs must allow for a reasonable rate of return Taxes and be consiste
Slide 14: Transener Concession Agreement
Regulatory Overview Transener Concession Agreement The Transener Concession Agreement may only be terminated: ○ by the Government if Transener becomes bankrupt On the Transener Transfer Date, Citelec created a pledge in favor of the Government over the Class A shares which constitute the Transener C
Slide 15: Penalty System
Regulatory Overview Penalty System The Concession Agreements establish a system of penalties that we may incur if defined parts of the Networks are not available to transmit electricity. Non-availability is divided into two types: ○ Scheduled (which typically result from planned maintenance, incur a
Slide 16: Quality of service
Regulatory Overview Quality of service The most representative measurement of quality of service of transmission companies, which allows us to compare ourselves against other electric transmission utilities, is the failure rate every 100km of lines. 0,36 0,97 2.5 is the maximum fault limit permitted
Slide 17: Current regulatory situation
Regulatory Overview Current regulatory situation Within the framework of the Five-Year Tariff Review carried out in 2025, in 2026 ENReGE (formerly ENRE) continued to apply the monthly tariff adjustment mechanism based on the Consumer Price Index (CPI) and the Wholesale Price Index (WPI). TARIFF INCR
Slide 18: Financial Overview
erg Transener Financial Overview
Slide 19: Business Overview
Financial Overview Business Overview Unique business in Argentina Operates 85% of the 500 kV extra high voltage network in Argentina. Transener Operation of 13,341 km of lines and 53 substations. Network Grid expansion projects supervision. Regulated Business Operates and maintains the transmission
Slide 20: RQT Tariff Schedule Five Years Average in US$ MM
Financial Overview RQT Tariff Schedule Five Years Average in US$ MM 20 Source: Transener
Slide 21: Regulatory Asset and Rate of Return in US$ MM
Financial Overview Regulatory Asset and Rate of Return in US$ MM 21 Source: Transener
Slide 22: Key Indicators - Evolution
Financial Overview Key Indicators - Evolution * 22 Source: Transener // (*) Last twelve months as of Sep 30, 2026.
Slide 23: Financial debt evolution
Financial Overview Financial debt evolution 300,0 250,0 200,0 150,0 US$ millions 242 237 236 100,0 159 156 156 148 143 130 116 50,0 99 99 99 91 91 9 3 0,0 0,3 0,0 0,0 0,0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Net of notes in Transene