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About Axpo. F or Swiss Chamber of Commerce in Romania. Axpo at a glance. Local roots and a European profile. For the sixth time in a row Axpo achieved top ranks in the «Energy & Commodity Rankings». Swiss energy company owned by the cantons of north-eastern Switzerland
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About Axpo For Swiss Chamber of Commerce in Romania
Axpo at a glance Local roots and a European profile For the sixth time in a row Axpo achieved top ranks in the «Energy & Commodity Rankings». About Axpo | Axpo Energy Romania S.A • Swiss energy company owned by the cantons of north-eastern Switzerland • Operates in over 20 countries everywhere in Europe • Active along the entire value chain • Electricity production • Electricity distribution • Energy trading/natural gas business • Electricity sales and services • In 2014, Axpo celebrates its 100th-year anniversary
Power plant fleet in Switzerland About Axpo | Axpo Energy Romania S.A
Selection of current projects Separate emergency power supply at Beznaunuclear plant Linthal 2015 pumped-storage plant Trans Adriatic Pipeline Global Tech 1 About Axpo | Axpo Energy Romania S.A
Owned by the cantons 14% 3% 83% 75% EKZ AEW SAK Holding EKT Holding EKS 18% 18% 14% 14% 13% 12% 8% 25% 2% 1% Axpo Holding AG: wholly owned by the publicsector About Axpo | Axpo Energy Romania S.A
Key figures for the Axpo Group About Axpo | Axpo Energy Romania S.A
European profile Energy trading and electricity production abroad Locations Trading regions Central Europe Italy Iberia Northern Europe and the Balkans United Kingdom and Ireland South-eastern Europe Electricity assets* Hydropower Nuclear power Gas-fired combined cycle power plants Wind power New energies Supply contracts Transport infrastructure Natural gas assets Supply contracts *) including indirect holding Status in 2012 About Axpo | Axpo Energy Romania S.A
Proprietary Trading | Traded products CO2 Electricity Green Certificates Gas Coal Oil About Axpo | Axpo Energy Romania S.A
Ensuring infrastructure, transport and trading Natural Gas Business • Axpo is active in the areas of procurement, cross-border transport and storage, wholesaling, as well as sales to large customers. • Axpo ensures the competitive fuel supply of its gas-fired combined-cycle power plants in Italy and is further expanding its customer base in various markets. • Axpo is also investing in transport and infrastructure projects for natural gas, namely planning of the Trans Adriatic Pipeline (TAP). About Axpo | Axpo Energy Romania S.A
Trans Adriatic Pipeline (TAP) Natural Gas Business • New corridor to supply Western Europe with natural gas from the Caspian region and the Middle East. • Axpo joint venture project with Statoil (NO) and E.ON Ruhrgas (DE) • Yearly capacity: 10 billion m3; potential can be doubled Albania Italy Greece About Axpo | Axpo Energy Romania S.A
Natural Gas Business Integration in value chain Natural gas Upstream & production Erdgas Import, investment in infrastructure Erdgas Wholesale, portfolio management Natural gas Distribution & sales Natural gas Natural gas Natural gas for power Strom Production & long-term procurement Strom Transport & trading Strom Distribution & sales Power Power Power
Origination at Axpo • Development of individually structured products and services tailored to client needs • For large consumers as well as producers • Commodities: electricity, CO2, green certificates and natural gas • Numerous origination offices in all of Europe • Portfolio management & services for local, regional, national andpan-Europeancompanies
Market Trading Activities Axpo Group About Axpo | Axpo Energy Romania S.A
About Axpo Energy Romania S.A. and the South Eastern Europe Region (SEE) About Axpo | Axpo Energy Romania S.A
Business and offering • professional risk management tools for customers • customized products and win-win solutions • management of 7 000 MW wind park portfolio in Spain • management of a wind park portfolio of 350 MW in Romania • Axpo is offering 15 years Power Purchase Agreements (PPAs) in Northern Europe • Axpo is taking price risks and is hedging these price risks to the benefit of the customer About Axpo | Axpo Energy Romania S.A
SEE Region Interests of Axpo in the SEE region • Region with mid and long-term growth potential (e.g. Turkey real GDP growth +2.2% in 2012; Bulgaria +1.7%) • Axpo with strong presence in SEE key countries • Cross-border trading increased (i.e. CBT of electricity) but decreasing spreads due to the fact that Europe becomes a “copper plate” • Further focus on domestic sales & origination activities to mitigate exposure to CBT • Still illiquid market region for trading electricity and gas due to lack of connectivity (further initiatives like ENTSO-E required) • On the electricity side the market is already connected via subsea cable GR-IT • Additional initiatives required to create an integrated SEE gas market • The Southern Gas Corridor and TAP create new gas opportunities for the whole SEE region = Axpowith local presence
SEE Region Activities of Axpo in the SEE region = legal entity, external service providers
Thank you for your attention. Axpo Energy Romania S.A. 79-81 Popa Savu Street | RO - 011432, Bucharest, Sector 1 T +40 21 230 33 23 | F +40 21 230 33 35 | www.axpo.com