Annual Report 2017 Enovos Luxembourg S.A.

10 11 Annual Report 2017 Enovos Luxembourg Part I Our Mission 6 Part II Our Achievements 14 Part III Annual Accounts 22 areas such as sustainable and clean energy, industry innovation and infra- structure and sustainable cities and communities. 1) This shows that Enovos’ commitment to sustainability and a greener future is inherent to the core mission of the company. Are there any other exam- ples that you could mention? Marc Reiffers: This commitment is also mirrored in our sales products. The best example is nova naturstroum. It is produced entirely from renewable sources, but the focus really lies on strong local and regional production. 69% of the nova naturstroum mix is regionally produced. The rest comes from renewable sources in Europe. It shows our commitment to sustain- ability, to a greener future, and also to local communities. Renewable energies, electro-mobility and energy efficiency are the ‘obvious’ challenges. But digitalisation is another topic often mentioned in relation to Rifkin. How does this affect Enovos? Marc Reiffers: We have already achieved real success stories in digitalisation. For example, we have set up a fully digital ecomobility offer for our customers. Our offering process for business and institutional customers is now also available in a completely digital form. These digital processes spare employees from time- consuming tasks, so that they can focus on more important, value-added activities. Which regulatory challenges will Enovos face in the near future? Marco Hoffmann: Regulatory con- straints and challenges have always been, and are becoming even more important. One example is the new legislative package presented by the European Commission in November 2016. The Clean Energy Package (CEP) consists of measures to keep the European Union competitive as the transition to clean energy changes global energy markets. It consists of no less than 4 EU Regulations and 4 EU Directives. This package focuses mainly on the electricity market, so impacts all business lines of Enovos. Which challenges will be the most im- portant for Enovos in a near future? Marc Reiffers: Our focus is to become more and more digital; to implement digitisation across all internal pro- cesses, and to offer digitally accessible products and services on the market. 1) More information on this subject can be found in the CSR report of the Encevo Group, which has been integrated in the annual report of Encevo S.A. Another challenge will be to enter the field of technical energy services; becoming a one-stop-shop for our customers, where they can find all the answers for their energy needs. Marco Hoffmann: The general imple- mentation of smart meters by the grid operators will be a commercial chal- lenge in terms of future data handling and pricing. We also must continue to develop our portfolio of renewable energy assets. Self-consumption and energy communities will be fields of development. We have indeed a lot on our agenda. To wrap it up, 2017 was … Marco Hoffmann: … a year where a lot was accomplished. We managed to increase our operational efficiency and to enjoy continued success in vari- ous programs that move us toward operational excellence. The annual financial results were not as good as the previous year because wholesale markets were not as favourable as expected. But the positive results of our 2017 efforts will be dedicated exclusively to serve our customers. Board of Directors of Enovos Luxembourg S.A. Marco Hoffmann Chairman Stephan Fedrigo 1) Vice-Chairman Dr Werner Brinker Member of the Board of Directors Danielle Castagna Member of the Board of Directors Luc Diswiscour Member of the Board of Directors Henri Haine Member of the Board of Directors François Knaff Member of the Board of Directors Guy Lentz Member of the Board of Directors Nicolas Pundel Member of the Board of Directors Marc Reiffers Member of the Board of Directors Guy Rosseljong Member of the Board of Directors Simo Santavirta 2) Member of the Board of Directors Patrick Thein Member of the Board of Directors Françoise Thoma Member of the Board of Directors Dr Geneviève Schlink Member of the Board of Directors Claude Strasser 3) Member of the Board of Directors 1) Mr Stephan Fedrigo is the permanent representative of the director “Azimuth Solutions GmbH”. 2) Mr Simo Santavirta was co-opted on 1 st July 2016 and his appointment was confirmed by the general meeting of shareholders on May 9 th , 2017. 3) Mr Claude Strasser was co-opted by the Board on March 29 th , 2018 following Mr Johan van Bragt's resignation with effect as from February 21 st , 2018. Status: March 2018 Enovos Luxembourg S.A. Corporate governance bodies Group Structure Creos Luxembourg S.A. 75.43% 100% 11.02% 96.88% 88.98% 100% Creos Deutschland Holding GmbH Encevo S.A. Other participations Other participations Leo S.A. Other participations Enovos Luxembourg S.A. Enovos Deutschland SE