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1 OFFER 2018/2019

2 Follow all information on MyStorengy.com Create your personal access on MyStorengy.com 2

3 A Y E A R O F C H A N G E S 3

4 Regulated storage for 2018/19 sales BEFORE 2018/19 CAMPAIGN ON GOING PROCESS Allocation by auction and by specific rules French SSOs are free to set up storage fees Storage fees reflect operational cost NOV DEC JAN FEB MARCH 18 Technical notice from SSO Public Consultation to shippers Hydrocarbon Law Publication Deliberation by CRE Commercialization by auctions fees /MWh of WGV ,5 Which benefit/opportunity? Non discriminatory and transparent access Storage market price 0 nominal withdrawal duration days French SSOs will have a regulated revenue provided by storage sales and a compensation on transportation tariffs linked to distribution network 4

5 A Single Market Place in France from November 1 st 2018 CONTACT GRTGaz for MORE Which benefit/opportunity? Watch video on Youtube Firm capacity at PITS (transport/storage connection point with GRTgaz network) Congestion mechanisms increase the geographical value of our storage facilities Opportunity to participate in Locational Spread at PITS example : 3 to 6 /MWh in November 17 5

6 PRODUCTS D E S I G N T O F I T N E E D S 6

7 Our 5 products BUNDLES SEASONAL MID FAST SPECIFIC SUM 18 SUM 19 WGV only 7

8 Our 5 products SEDIANE B SEDIANE NORD SERENE NORD SERENE LITTORAL SERENE SUD SALINE +100 TWh 8

9 Our standard bundles SERENE Nominal INJ WDR SEDIANE NORD INJ WDR Nominal SALINE Nominal INJ WDR Effective Effective Effective Market area PEG North / TRS Market area PEG North Market area TRS PITS* NB ; NC / SC PITS* NA PITS* SA Choose your own level of WGV Usual Injection period April to October SEDIANE B INJ Nominal Effective WDR BASIC SERVICES INCLUDED Usual Withdrawal period November to March Market area PITS* PEG North B 0 /MWh variable cost *PITS : transport/storage connection with GRTgaz network 9

10 Products linked to GRTgaz network MERGER POSSIBLE Booking storage Storengy April 18 Booking annual GRTgaz on nominal injection & withdrawal capacity November 18 SEDIANE B (LOW-GAS)* SEDIANE PEG NORTH B NA SERENE LITTORAL NC NB SERENE NORD SEDIANE B (LOW-GAS)* SERENE LITTORAL B TRF NC NA NB SEDIANE SERENE NORD SERENE SUD TRS SC SA SALINE SERENE SUD SC SA SALINE PITS : transport/storage connection with GRTgaz network L-Gas : specific balancing rules applies to L-gas area (contact GRTgaz for more details) Tariffs evolution on November 1 st 2018 on PITS NC and SC (contact GRTgaz for more details) Possibility to merge your Operational Products (except IS) on November 1 on PITS NC & SC 10

11 Our standard restrictions Level of restriction Stock level Example of capacity s ratchets 100% 100% Example of Min/Max stock level 80% 80% 60% 40% 60% 40% 20% Daily Basic Injection Capacity Daily Basic Withdrawal Capacity 20% 0% 0% 20% 40% 60% 80% 100% Stock level 0% Max 20 to 30 days on each product No maintenance impacting withdrawal during winter Coordination works between Storengy/GRTgaz 11

12 Our specific products IS 18/19 SUM 18 - SUM 19 INJ 18 WDR 19 Nominal Effective WGV only Unbundled WGV without daily capacity (access to additional daily capacity UIOLI/FP) Possible merger with products on NC and SC Market area TRS Market area PEG North / TRS PITS SC PITS* NC or SC GAS PARKING * Client can choose PITS after allocation Possible merger only with WGV product No stock variation during winter 12

13 WGV offered on auctions W G V IS SEASONAL SERENE SUD LITTORAL NORD MID SEDIANE NORD B FAST = T W h 13

14 COMING AUCTIONS 14

15 Auction with a known reserve price Reserve price based on a published formula March 18 STORENGY PROPOSAL Reserve Price = Max 0 ; α spread β α = a + b effective withdrawal days 5 spread = k= 1 WIN k SUM k 5 β = PITS + WCR + Variable + Localisation + Margin + Discount c 2 auctions a day 3 days a week 1 product by auction almost equals to 0 /MWh for most of the products when considering a spread of 1.5 /MWh 15 TWh a day 15

16 Auction by fixing with Pay as Cleared Bid requests EXAMPLES Reserve Price : 0 /MWh Proposed Capacity : MWh MWh SHIPPERS TOTAL DEMAND CURVE MWh STORENGY PROPOSAL BIDS SHIPPER A MWh MWh a clearing price of 2 /MWh, shipper A is ready to buy MWh of WGV BIDS SHIPPER B MWh MWh MWh MWh 0,5 1 1,5 2 2,5 3 3, SHIPPER A SHIPPER B a clearing price of 1 /MWh, shipper B is ready to buy MWh of WGV 0 0,5 1 1,5 2 2,5 3 3,5 4 0,5 1 1,5 2 2,5 3 3,5 4 /MWh /MWh 16

17 Auction by fixing with Pay as Cleared Bid requests EXAMPLES Reserve Price : 0 /MWh Proposed Capacity : MWh SHIPPERS TOTAL DEMAND CURVE MWh STORENGY PROPOSAL BIDS SHIPPER A MWh MWh a clearing price of 2 /MWh, shipper A is ready to buy MWh of WGV BIDS SHIPPER B MWh MWh a clearing price of 1 /MWh, shipper B is ready to buy MWh of WGV ,5 1 1,5 2 2,5 3 3,5 4 /MWh 17

18 Auction by fixing with Pay as Cleared Bid results EXAMPLES Reserve Price : 0 /MWh Proposed Capacity : MWh BIDS SHIPPER A MWh MWh MWh FROM DEMAND TO OFFER MWh STORENGY PROPOSAL Shipper A : ( )/2500*2000 = /MWh Shipper B : ( )/2500*2000 = a clearing price of 2 /MWh, shipper A is ready to buy MWh of WGV BIDS SHIPPER B MWh MWh MWh PROPOSED PROPOSED CAPACITY a clearing price of 1 /MWh, shipper B is ready to buy MWh of WGV 0 0,5 1 1,5 2 2,5 3 3,5 4 CLEARING PRICE = 2 /MWH /MWh 18

19 CALENDAR G E T R E A D Y F O R A U C T I O N S 19

20 Calendar subject to validation by CRE deliberation ON PROGRESS WEEK 10 March 5 th to 8 th WEEK 11 March 12 th to 15 th Monday 5 MORNING SALINE (incl EZ20) 4.1 TWh AFTERNOON SERENE SUD 7 TWh Monday 12 Tuesday 13 MORNING SERENE NORD 6 TWh SERENE LITT 11 TWh AFTERNOON SALINE 4.1 TWh SEDIANE NORD 4 TWh Thursday 8 SERENE LITT 11 TWh SEDIANE NORD 4 TWh Thursday 15 SERENE NORD 6 TWh SERENE SUD 3.9 TWh WEEK 12 March 19 th to 22 th Monday 19 Tuesday 20 MORNING SEDIANE NORD 3.65 TWh SERENE LITT 9.2 TWh AFTERNOON SERENE NORD 4.65 TWh WGV only 4 TWh WEEK 13 March 26 th to 29 th AFTERNOON MORNING Monday 26 Tuesday 27 SEDIANE B 13.4 TWh IS IS IS Thursday 22 SALINE 4 TWh IS 18/19 3 TWh Thursday 29 IS 18/19 20

21 Biding process subject to validation by CRE deliberation ON PROGRESS MORNING PLANNING BID REQUEST BID RESULTS AFTERNOON PLANNING BID REQUEST BID RESULTS 21

22 SERVICES U P G R A D E S T O R A G E V A L U E 22

23 Our services or how to customize your products ADDITIONAL DAILY CAPACITIES PUBLI-STOCK Firm or interruptible daily capacities to boost your products SECONDARY MARKET Gas-in-store or products exchanged between shippers Q-EXTEND FINANCING SERVICES - FIT Partnership with a banking establishment in order to control your WCR REMIT declaration of customers Inventory Level 3-month withdrawal extension option 23

24 Services Appendice Additional daily capacities Access to additional capacities (injection and withdrawal) in Day-Ahead and any time in Within-Day UIOLI (Use It Or Lose It) Interruptible capacities depending on the usage of other customers on the group storage First Come First Served basis FLOW PLUS Firm capacities depending on the SSO physical constraints and fixed once scheduled First Come First Served basis Injection & Withdrawal: 0 /MWh Injection: 0.35 /MWh Withdrawal: 0.12 /MWh 24

25 Services Appendice Secondary market ithin the same Storage Group equest : D-3 Capacity Transfer Within the same Storage Group Request : 5 working days before 500 Capacity and Gas-in-Store transfer (Terms apply to both Buyer and Seller) Gas-in-Store Transfer Within the same Storage Group Request : 3 working days before 250 Btw Serene Littoral and Serene Sud N TRS Request: From April 1 st 18 to March 31 st 19 Quantity max: 7 times the Nominal Injection Capacity for a week Transfer within 3 working days 250 Btw 2 different Storage Groups ( Littoral/Sud) Request: Before April 15 th N Quantity max: 20 % of capacity booked of the arrival storage group Transfer in 5 times every 2 weeks ; Need a product on the departure storage group /MWh 25

26 Services Appendice Q-EXTEND An option to get 3 months more to withdraw your gas Q-EXTEND Request : no later than 5 working days before April 1 st N Fast withdrawal rate: 45 nominal days without any reduction factors No Injection, no UIOLI at withdrawal, No Flow Plus at withdrawal Application for maintenances Storengy and GRTgaz Subscribed Volume Catalogue Product + Product 45 for 3 months + 3 months Free included option / 500 if exercised 26

27 Services Appendice Financing services -FIT Optimize your Working Capital Secured Financing Improved funding rate using gas-in-store and storage contract as security package Complete operational control over the storage operations retained at the supplier s level Sale with buy-back option Off Balance sheet structure Volumes and capacities remain in the supplier s portfolio, especially for energy reporting (bank fees not included) (bank fees non included) 27

28 D I G I TA L D A I LY S T O R A G E S O L U T I O N S 28

29 Your operational tool SAM Book your nominations all day long Portal or Display your daily rights 2-hour cycles basis Check maintenances Monitor your gas movements Integrate GRTgaz reduction Benefit from Single Nomination Nominate only on SAM (automatic allocation on GRTgaz) 29

30 One single customer area MyStorengy MY SPACE SUBMIT BIDS MYSTORENGY DETAILLED REPORTS PRODUCT DETAILS e-contract 30

31 APPENDICE P R O D U C T D E T A I L S 31

32 SALINE Product Injection Withdrawal Nominal duration PRODUCTS D E S I G N T O F I T N E E D S Real duration % 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Minimum Storage Level Maximum Storage Level Daily Basic Injection Capacity Daily Basic Withdrawal Capacity Available capacity at 45% of working gas volume 32

33 SEDIANE NORD Product Injection Withdrawal Nominal duration Real duration PRODUCTS D E S I G N T O F I T N E E D S 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Minimum Storage Level Maximum Storage Level Daily Basic Injection Capacity Daily Basic Withdrawal Capacity Available capacity at 45% of working gas volume 33

34 SEDIANE B Product Injection Withdrawal PRODUCTS D E S I G N T O F I T N E E D S Nominal duration Real duration % 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Minimum Storage Level Maximum Storage Level Daily Basic Injection Capacity Daily Basic Withdrawal Capacity Available capacity at 45% of working gas volume 34

35 SERENE Product (LITTORAL, SUD & NORD) Injection Withdrawal Nominal duration Real duration PRODUCTS D E S I G N T O F I T N E E D S SEASONAL 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Minimum Storage Level Maximum Storage Level Daily Basic Injection Capacity Daily Basic Withdrawal Capacity Available capacity at 45% of working gas volume 35

36 Working Gas Volume Product Injection Withdrawal Nominal duration PRODUCTS D E S I G N T O F I T N E E D S 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Minimum Storage Level Maximum Storage Level Daily Basic Injection Capacity Daily Basic Withdrawal Capacity 36

37 01/04/ /05/ /06/ /07/ /08/ /09/ /10/ /11/ /12/ /01/ /02/ /03/ /04/ /05/ /06/ /07/ /08/ /09/ /10/ /11/2019 IS 18/19 Product 01/04/18 to 31/10/18 01/11/18 to 31/03/19 01/04/19 to 31/10/19 INJ WDR INJ WDR INJ WDR Nominal Real PRODUCTS D E S I G N T O F I T N E E D S 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Minimum Storage Level Maximum Storage Level Daily Basic Injection Capacity Daily Basic Withdrawal Capacity 37

38 CONTACT 38

39 Contact Commercial Team in France Send us an Elsa Decrette Raynald Duthoy Emir Zouir /7 dispatching dispatching@storengy.com STORENGY France Immeuble DJINN - 12 rue Raoul Nordling CS Bois-Colombes Cedex 39