EDP Renewables 2013 Annual Report

Investor Assistance


EDPR seeks to provide to shareholders, investors, and stakeholders all the relevant information about the Company and its business environment, on a regular basis. The promotion of transparent, consistent, rigorous, easily accessible, and high‐quality information is of fundamental importance to an accurate perception of the Company’s strategy, financial situation, accounts, assets, prospects, risks, and significant events.
EDPR, therefore, looks to provide investors with information that can support them in making informed, clear, and concrete investment decisions.

The Investor Relations Department was created to ensure a direct and permanent contact with all market related agents and stakeholders, to guarantee the equality between shareholders and to prevent imbalances in the information access.

The EDPR Investor Relations Department (IR) is the intermediary between EDPR and its actual and potential shareholders, the financial analysts that follow Company’s activity, all investors and other members of the financial community. The main purpose of the department is to guarantee the principle of equality among shareholders, prevent asymmetries in access to information and reduce the market perception gap of the Company’s strategy and intrinsic value. The department responsibility comprises developing and implementing EDPR’s communication strategy and preserving an appropriate institutional and informative relationship with the financial market, the stock exchange at which EDPR shares trade and the regulatory and supervisory entities (CMVM – Comissão de Mercado de Valores Mobiliários – in Portugal and CMNV – Comisíon Nacional del Mercado de Valores – in Spain).

EDPR is clearly aware of the importance of delivering on time transparent and detailed information to the market.

Consequently, EDPR publishes Company’s price sensitive information before the opening or following the closing of the NYSE Euronext Lisbon stock exchange through CMVM’s information system and, simultaneously, make that same information available on the website investors’ section and through the IR department’s mailing list. IR Department also elaborates and makes available quarterly, semi-annual and annual results presentations, handouts, key data files and interim presentations.

On each earnings announcement, EDPR promotes a conference call and webcast, at which the Company’s management updates the market on EDPR’s activities. On each of these events shareholders, investors and analysts had the opportunity to directly submit their questions and to discuss EDPR’s results as well as the Company’s outlook.

EDPR IR Department is coordinated by Rui Antunes and is located at the Company’s head offices in Madrid, Spain. The department structure and contacts are as follows:

IR Contacts:
Rui Antunes, Head of IR
Calle Serrano Galvache 56
Centro Empresarial Parque Norte
Edificio Olmo – 7th floor
28033 – Madrid – España
Phone: +34 902 830 700 / Fax: +34 914 238 429

In 2013, the EDPR has promoted and participated in several events, namely road shows, presentations to investors and analysts, meetings and conference calls. During the year, EDPR management and the IR team attended to 12 broker conferences and hold 14 road shows, totalling more than 280 meetings with institutional investor in 13 of the major financial cities across Europe, US and Canada.

EDPR IR Department was in permanent contact with capital markets agents, namely financial analysts who evaluated the Company, shareholders and investors by e‐mail, phone, or face‐to‐face meetings. In 2013, as far as the Company is aware, sell‐side analysts issued more than 200 reports evaluating EDPR’s business and performance.

At the end of the 2013, as far as the Company is aware of, there were 21 institutions elaborating research reports and following actively EDPR activity. As of December 31st, 2013, the average price target of those analysts was of Euro 4.51 per share with the majority reporting “Buy” recommendations on EDPR’s share: 12 Buys, 7 Neutrals, 1 Sell and 1 analyst with suspended rating.



EDPR representative for relations with the market is the Executive Member of the Board, Rui Manuel Rodrigues Lopes Teixeira.


In 2013, 21 institutions published research reports about EDPR’s activity. During the year, EDPR was present in several events with analysts and investors, such as road shows, presentations, meetings and conference calls, communicating EDPR’s strategy and its operational and financial performance.

During the year, EDPR made 46 press releases. In 2013, IR Department received more than 600 information requests and was present in 280 meetings with institutional investors. On average, the information requests were replied in less than 24 hours. As of December 31st 2013 there was no pending information request.