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Elia Facts & Figures 2011 UK


ELIA GROUP

Elia Group Key figures Consolidated IFRS results as at 31 december 2011 (in € million, results per share in €)

Revenue

1,278.40

Total assets

5,843.80

Net profit

137.50

Gross dividend

1.47 €

Number of Elia Group employees (FTE) Length of the grid in kilometres Residents (in millions)* * In the area covered by the grids

1,809.70 18,169 29

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ELIA GROUP

ELIA GROUP

Financial ratios (under IFRS) Ratios

Profile 2011

2010

2009

2008

2007

63.1%

68. 4%

79.4%

63.9%

80.5%

Return on equity

6.8%

7.3%

6.2%

7.6%

5.9%

Return on capital employed

6.7%

6.7%

6.3%

6.5%

6.3%

123.7%

127%

179%

175.8%

162.2%

55.3%

56%

65.8%

63.7%

62.1%

Pay-out ratio

Net debt / Equity Leverage (Debt / Debt + Equity) EBITDA / Financial charges

3.2

3.3

2.5

3.1

3.0

Net debt / EBITDA

5.6

7.6

7.5

7.1

7.1

Margins

2011

2010

2009

2008

2007

EBITDA margin

35.1%

39.5%

42.5%

44.1%

42.2%

EBIT margin

24.1%

27.2%

29.3%

31.4%

29.3%

Net-profit margin

10.8%

11.9%

10.9%

13.6%

10.6%

4.3%

4.2%

4.9%

4.9%

4.7%

23.9%

21.4%

19%

21.2%

29.7%

Dividend yield on equity Tax rate

The Elia Group is organised around its two major constituent electricity transmission system operators: Elia in Belgium and 50Hertz Transmission in Germany. In Belgium, Elia comprises two legal entities, Elia System Operator SA/NV and Elia Asset SA/ NV, which operate as a single economic entity under the generic name Elia, and a subsidiary, Elia Engineering. The Belgian transmission system operator holds licences for its 380 kV to 150 kV national grid and for the 70 kV to 30 kV grids in Belgium’s three regions.

50Hertz Transmission, one of the four German transmission system operators and active in the north and east of Germany is owned jointly by Elia (60%) and Industry Funds Management (IFM) (the remaining 40%). The acquisition was concluded in May 2010 after it had been approved by the EU authorities. The Elia Group is now one of the top five transmission system operators in Europe. Through its actions, it has set an example in terms of its independence, its role as a driving force behind development of the European market, its commitment to security of supply of electricity and its contribution to the integration of energy generated from renewable sources.

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ELIA GROUP

It operates under the legal entity Elia System Operator, a listed company (with a public float of 52.1%) whose core shareholder is Publi-T, a municipal holding company. It has nearly 1,800 employees and helps to ensure security of supply for 30 million consumers in Belgium and Germany. Given its strategic position at the crossroads between electricity markets in western, eastern and northern Europe, the Elia Group securely manages imports, exports and transits of electrical energy over its grids. It also plays a key role in directly and indirectly integrating national markets, in particular via power exchanges and regional technical coordination centres. The Elia Group is a driving force in the construction of Europe’s future electricity superhighways (both offshore and onshore) and is thus involved in multiple international projects.

The expertise and skills acquired will be used to design and develop future offshore grids in the North Sea and the Baltic Sea to connect major wind farms. The Elia Group follows the rules on corporate governance and the corporate governance codes applicable to listed companies. Its approach incorporates respect for the environment and supports specific sustainable development policies at European, national and regional level. Elia System Operator was added to the BEL20 index on 19 March 2012.


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ELIA GROUP

ELIA GROUP

The Elia Group’s core activities As a transmission system operator, the Elia Group has three main interdependent tasks: Operation of the electricity system Elia constantly monitors the balance within its control area. Since electrical energy cannot be stored, a balance must be continually maintained, in real time, between the quantities of electricity injected into the system and the quantities taken from it (i.e. consumed). Security of supply depends on this.

Operation of the infrastructure Elia maintains high-voltage installations: lines, cables, transformers and so forth. Depending on market requirements and given the need for safe operation of the electricity system, Elia extends and upgrades its grid using state-of-the-art technologies. Market facilitation Elia enjoys a unique, central position on the national electricity market, enabling it to serve as a market facilitator and implement services and mechanisms to ensure the proper operation and development of the market. Furthermore, by spearheading numerous initiatives, Elia intends to play a key role in western Europe’s electricity system.

An example of this is the establishment of regional markets, involving initially Central West Europe, CWE, (France, Belgium, the Netherlands, Luxembourg and Germany), then the Nordic countries and finally North West Europe (CWE + the Nordic countries + the UK). The Elia Group is also a stakeholder in a number of European initiatives aiming to optimise market operation (APX-Endex, CASC, Coreso, ENTSO-E and so forth). A driving force in the construction of future offshore grids The Elia Group is involved in a range of projects designed to support European, national and regional policies on integration of renewable energy.

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10

ELIA GROUP

Accordingly, 50Hertz has already connected up the first offshore platform in the Baltic Sea, Baltic 1, and is playing an active role in connecting up the second. In Belgium, Elia has drawn up a strategic vision for the development of a proper meshed grid in the North Sea. Such an approach will offer grid users the same operational security and the same level of reliability as the onshore grids, at a lower overall cost for society. An R&D Department serving the Group The Group operates a Research & Development and Knowledge Management Department which, in close partnership with ENTSO-E and the European Electricity Grid Initiative, is involved in a range of European-scale projects. The Group’s portfolio

comprises 13 projects within the framework of which it works with one or more Belgian, German and European partners. In addition, via academic partnerships, it is also working on some 10 studies to analyse and evaluate specific topics which are crucial to managing the electricity system, for example reconstruction of the 50Hertz grid. A department developing new activities The Elia Group offers consultancy services to customers from the public and private sectors worldwide and can advise on managing and operating existing infrastructure, study the feasibility of a programme or supervise the engineering and construction phases of a project. This department also utilises its internal expertise and prospecting capabilities to identify and

structure acquisition projects and strategic projects: priority is given to projects involving cooperation with one or more partners. In this connection, Elia acquired, through Eurogrid International, a shareholding in the Atlantic Wind Connection (AWC) project to develop the first direct-current high-voltage backbone grid off the east coast of the United States. This offshore structure will enable 7,000 MW of wind energy to be integrated into the onshore grid.


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ELIA GROUP

Staff breakdown within the Elia Group (31.12.2011) Men

Women

Total

FTE

Elia

50Hertz

Elia

50Hertz

Elia

50Hertz

Elia

50Hertz

7

6

0

0

7

6

6.5

6

Supervisory staff

305

58

77

11

382

69

375.8

68.5

Employees

636

462

143

138

779

600

755.53

597.4

Total

948

526

220

149

1,168

675

1,137.83

671.9

Management


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ELIA GROUP

ELIA GROUP

High-voltage grids (at 01.01.2012) Length of the high-voltage grid Elia

Management and supervisory bodies Length of the high-voltage grid 50Hertz

Underground cables (km)

Overhead lines (km)

Tension (kV)

Underground cables (km)

Overhead lines (km)

Total (km)

Total (km)

380

-

891

891

AC 380

55

6,830

6,885

220

5

297

302

AC 220

3

2,862

2,865

150

433

2,007

2,440

AC 150

75

-

75

70

280

2,381

2,661

DC 400

15

-

15

36

1,921

8

1,929

Transmission grid

150

9,690

9,840

30

127

22

149

2

13

15

2,766

5,606

8,372

150

9,705

9,855

Voltage (kV)

Total

AC 110 Total

➊ Elia Transmission

➋ 50Hertz Transmission

Elia System Operator

Belgium

Germany

Elia Assets Eurogrid CVBA 60%

CASC 9,46%

HGRT 24,5%

Coreso 22,49%

Elia RE 100%

Elia Engineering 100%

Eurogrid GmbH 100%

APX 20%

50Hertz Transmission 100%

CAO 12,5%

Comeo 10,0%

EMCC 20%

50Hertz Offshore 100%

Gridlab GmbH 100%

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ELIA GROUP

Board of Directors The Boards of Directors of Elia System Operator and Elia Asset are the same and, since the amendment to the articles of association on 13 January 2011, have consisted of 14 members, none of whom perform a management role within either of those companies. Half of the members are independent directors, in keeping with the conditions laid down in both Article 526ter of the Companies Code and the articles of association, and having received a positive opinion from CREG on their independence. In accordance with provisions stipulated by legislation and the articles of association, these Boards of Directors are supported by three committees – a Corporate Governance Committee, an Audit Committee and a Remuneration Committee. The Boards ensure the effective operation of these committees.

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Chairman Luc Van Nevel, independent

HONORARY CHAIRMAN

Vice-Chairmen • Francis Vermeiren, Publi-T • Thierry Willemarck, independent

Management Committee • Daniel Dobbeni, Chairman and Chief Executive Officer* • Jacques Vandermeiren, Vice-Chairman and Chief Corporate Officer * • Jan Gesquière, Chief Financial Officer • Hubert Lemmens, Chief Innovation Officer • Roel Goethals, Chief Officer European Activities & Participations • Frank Vandenberghe, Chief Officer Energy & System Management • Markus Berger, Chief Officer Asset Management

Directors • Jennifer Debatisse, Publi-T • Clement De Meersman, independent • Jacques de Smet, independent • Claude Grégoire, Publi-T • Philip Heylen, Publi-T • Jean-Marie Laurent Josi, independent • Miriam Maes, independent • Jane Murphy, independent • Dominique Offergeld, Publi-T • Steve Stevaert, Publi-T • Leen Van den Neste, Publi-T

Ronnie Belmans

* T he Board of Directors has confirmed the appointment of Jacques Vandermeiren as CEO and Chairman of the Management Committee as from 1 July 2012. Daniel Dobbeni will continue to serve the Group in the context of its international activities. Jan Gesquière, Chief Financial Officer, will become Vice-Chairman of the Management Committee while Catherine Vandenborre will become Chief Corporate Officer.


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ELIA IN BELGIUM

ELIA IN BELGIUM

Elia Transmission *

Investments

Key figures Consolidated IFRS results as at 31 December 2011

180 (in million €)

200

160

2011

2010

2009

2008

2007

2006

140

Operating income

801.8

763.3

771.3

757.3

731.7

711.5

120

EBITDA (1)

354.0

336.8

327.9

334.1

308.5

292.5

Net profit

105.7

94.6

84.0

103.1

77.6

75.9

Average RAB (2)

3,753

3,758

3765

3,673

3,512

3,442

1,137.8

1,136

1,205

1,231

1,249

1,227

8,379

8,383

8,379

8,412

8,406

8,367

(in € million, results per share in €)

Number of employees Length of the grid in kilometres

Investments (IFRS)

(1) EBITDA = Operating income – cost of goods and services - personnel costs - provisions - write-downs (2) Calculated in accordance with Belgian accounting principles (Belgian GAAP) * The criteria relating to 50hertz Transmission are detailed in a separate publication

161,2 142,5 121,5

100

113,9

118,1

80 60 40 20 0 2007

2008

2009

2010

2011

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ELIA IN BELGIUM

ELIA IN BELGIUM

Sites

Personnel safety

Merksem Lochristi

Lendelede

Stalen

Av. de Vilvorde Emperor

Frequency rate

Severity rate

10

0,5

8

0,4

Prater Bressoux

0,3

6

Gouy

5,1

Namur

0,2

4 Villeroux

Head office National Control Centre

Service Center

0,14

2,8

2

0,1

2,7

Regional Control Centre Elia Engineering

0,28

4,6

0,03

1,7

2008

2009

2010

0,01

0,0

0 2007

0,10

2011

2007

2008

2009

2010

2011

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ELIA IN BELGIUM

ELIA IN BELGIUM

Energy balance

Year 2011

In Belgium, the consumption indicator 1 for the Elia control area fell by 3.7% from 86.6 TWh in 2010 to 83.4 TWh in 2011. In terms of annual figures, the consumption indicator was highest in 2005 (89.5 TWh).

Imports 7,221.0 1,531.9 4,514.5

France Luxembourg Netherlands

The monthly values recorded in 2011 were down on the corresponding values for 2010, but, with the exception of September and October, were up on those for 2009. In 2011 as a whole, consumption was down 0.5% on 2010 in the case of industrial customers connected directly to the Elia grid and 5.1% in the case of industrial, business and residential customers of the distribution system operators.

Exports 2,330.1 1,318.1 7,003.8

France Luxembourg Netherlands

Net Import 2,615.3 Net Generation 1 T he Elia consumption indicator covers the majority of electricity consumption in Belgium. It includes all the generation facilities connected to the Elia grid plus the import-export balance. The share of consumption supplied directly by generation units connected to the distribution grid is not included in the indicator.

Power plants Production locally consumed Injection from DSO's TOTAL

Consumption* 70,746.6 9,646.5 653.5 81,046.6

* Consumption on the Elia grid, including the consumption from local generation facilities

Direct clients Distribution TOTAL Energy losses : 1,458.7

28,938.6 53,264.6 82,203.2

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ELIA IN BELGIUM

ELIA IN BELGIUM

Changes in monthly consumption In Belgium, the maximum rate of consumption in 2011 on the Elia grid was 13,208 MW recorded between 5.45 p.m. and 6 p.m. on 11 January 2011. This was 5.9% below the all-time record set on 17 December 2007 (14,033 MW) and 4.6% below the maximum value recorded in 2010 (13,845 MW on 1 December 2010). The lowest rate of consumption (6,232 MW) was recorded, between 6.15 a.m. and 6.30 a.m. on 24 July 2011. This was 0.7% lower than the lowest rate recorded in 2010 (6,278 MW on 25 July 2010).

Monthly imports and exports (in Gwh)

9

Import

25 C°

Export

JAN

8 20 7

FEB MAR

6 Twh/month

24

15

APR MAY

5 10

JUN

5

AUG

4

JUL

3

SEP

2 0 1

OCT NOV

0

-5 JAN

FEB

■ Energy 2010

MAR

APR

MAY

■ Energy 2011

JUN

JUL

AUG

■ Average temp. 2010

SEP

OCT

NOV

■ Average temp. 2011

DEC

DEC -2000

-1500

-1000 ■ Exchanges with France

-500

0

■ Exchanges with the Netherlands

500 ■ Exchanges with Luxembourg

1000

1500

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ELIA IN BELGIUM

Reliability

Average Interruption Time

Average Interruption Frequency

Average Interruption Duration

Reliability Elia Grid (%)

Number of days in the year

2006

05:14

0.130

41:23

99.9990

365

2007

03:32

0.09

39:07

99.9993

366

2008

03:07

0.08

38:29

99.9994

366

2009

01:34

0.09

17:12

99.9997

365

2010

04:51

0.129

37:24

99.9991

365

2011

02:19

0.090

25:44

99.9996

365

In Belgium, security of supply remained at a high level in 2011. •

The average number of interruptions on the Elia grid per consumer (Average Interruption Frequency) was 0.0903, equivalent to one interruption per customer every 7.8 years.  he average duration of interruptions was 25 minutes and T 44 seconds.

Spread across all customers, the average duration of interruptions was 2 minutes and 19 seconds per customer (Average Interruption Time 1), equivalent to an average availability of over 99.999%, which is higher than the average for the last decade. Belgium thereby emerges, year on year, as one of the bestperforming countries in Europe in terms of quality of electricity supply.

In accordance with international recommendations, the statistics relating to continuity of the electricity supply only include interruptions of more than 3 minutes. Average Interruption Time indicates the average number of minutes of interruption per customer on the Elia grid. Average Interruption Frequency indicates the average number of interruptions per customer. A figure of 0.09 indicates that each customer experiences an interruption every 11 years. Average Interruption Duration indicates the average duration of a customer interruption.

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ELIA IN BELGIUM

Promoting rational use of energy amongst our customers As part of its public service obligations in Flanders, each year Elia implements an action plan aimed at encouraging rational use of energy (RUE) amongst its industrial customers. In this connection, Elia provides its customers with the resources required to make recurrent savings of 2.5% on their primary energy consumption for each MWh supplied, in the case of facilities connected at between 36 kV and 70 kV. The target set for 2011 was savings of 37.8 GWh of electrical power. The results as at the end of December 2011 indicated that savings of 41.6 GWh had been made. A total of 48 projects were launched in 2011 and our customers undertook to invest in some 44 energy-saving projects. Thanks to the initiatives Elia has taken vis-Ă -vis its industrial customers, cumulative energy savings since 2003 stood at 497 GWh as at the end of December 2011, which is equivalent to some 162,000 tonnes of CO2.


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ELIA IN BELGIUM

ELIA IN BELGIUM

Green certificates Federal and regional legislators have developed market mechanisms aimed at encouraging investment in facilities for generating electricity from renewable sources. These include the «green certificates» awarded to generators by the regulator, vouching for the green credentials of their electricity. Suppliers produce the certificates annually in proportion to their sales, the proportion being set by law. Within the context of its public service role, as a system operator Elia is required to purchase all green

Sales of green energy certificates certificates and cogeneration certificates (unique to Flanders) offered to it at the stipulated minimum price. In the wake of the significant rise in the installed capacity of generation units running off renewable energy sources, the total amount spent on such certificates in 2011 was over €83 million, due primarily to the increase in the proportion of offshore certificates purchased.

90 (Million €) 80 70 60

■ Combined Heat and Power certificates - Flemish Region ■ Green certificates - Flemish Region ■ Green certificates - Walloon Region ■ Federal green certificates (offshore)

50 40 30 20 10 0 2009

2010

2011

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www.elia.be

Elia Boulevard de l’Empereur 20 B  - 1000 Brussels T + 32(0)2 546 70 11 F  + 32(0)2 546 70 10 info@elia.be

Designed and written by the Elia Communications Department Graphic design: www.witvrouwen.be Content editor : Jacques Vandermeiren - June 2012


/facts-figures-2011_uk  

http://www.elia.be/~/media/files/elia/publications-2/brochures/facts-figures-2011_uk.pdf

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