1. Viridian GroupLimited Viridian Group Limited Queen’s University of Belfast 10 December 2007 Patrick Haren Deputy Chairman

2. 2 OVERVIEW ◆ Introduction to a large organisation: –£m financial –Number of customers –Number of staff ◆ Consider the meaning of Strategy ◆ Examples of £m equipment / assets ◆ Personal Background / Career

3. 3 Viridian Group: Key Statistics (March 2007) ◆ Turnover £1021m ◆ 790,000 customer sites in NI ◆ 27,700 customer sites in RoI ◆ 1,550 Staff

4. 4 Profile as a Listed Company December 2006 ◆ FTSE Top 200 / Top 20 Irish Listed Companies ◆ 53,000 shareholders in NI ◆ Market capitalisation £1.6bn ◆ Enterprise value £2.0bn

5. 5 Viridian Group Limited NIE Infrastructure Transmission & Distribution NIE Powerteam Transmission System Operator (“SONI”) NIE Energy Supply Power Procurement Viridian Power & Energy Huntstown - CCGT generation - 343MW Huntstown 1 - 400MW Huntstown 2 Energia - competitive supply in NI and RoI

6. 6 Viridian Strategy ◆ Strongly focused on energy markets in Ireland ◆ NIE: maximising efficiency of regulated assets ◆ Delivering a value-for-money customer service ◆ VP&E: Growing an integrated energy business in competitive markets across Ireland ◆ Very significant investment in generation in RoI

7. 7 Investing in NIE Infrastructure ◆ £1bn investment in networks and systems 1992-2007 ◆ Further £330m of investment 2007-2012 ◆ 60% improvement in network performance since 1992 ◆ 100% compliant on regulatory standards ◆ Strong focus on providing value-for-money customer service

8. 8 NIE Productivity 1992-2007 ◆ 3992 NIE staff in 1992 reduced to c1260 in 2007 ◆ c68% staff reduction in core business ◆ Significant structural change / commercial culture ◆ Customer-focused / public service ethos ◆ Benchmarking performance against the best in UK

9. 9 Viridian Power & Energy RoI Market Development ◆ RoI revenues £323m to March 2007 ◆ c30% of the RoI large industrial market ◆ 27,000 building to 40,000 customer sites ◆ Supplying gas to large industrial customers ◆ Strongly committed to renewable energy

10. 10 Viridian Power & Energy RoI Market Development ◆ Huntstown 1 commissioned as first independent power plant at Finglas in 2002 ◆ Huntstown 2 commissioned October 2007 ◆ Huntstown plants supply c20% of total RoI electricity demand ◆ Total €500m invested in growth in RoI

11. 11 Investing in RoI Infrastructure - CCGTs

12. 12 HPC2 400MW - Generator Stator

13. 13 HPC2 400MW - Steam Turbine

14. 14 Personal Background / Career ◆ QUB Electrical Engineering (BSc) (1971) ◆ EBNI / ESB /CERN (PhD) (1973-76; 1976-78) ◆ ESB Engineering (1978-85) ◆ ESB Strategic Planning (1985-87)(MBA 1986) ◆ ESB Regional Accountant, Dublin (1987-88) ◆ ESB Director, New Business Development (1989-92) ◆ NIE Chief Executive at Privatisation (1992) ◆ NIE/Viridian Group restructuring (1998)

15. 15 Job Skills ◆ Engineering background/engineering environment ◆ General Management skills/MBA training ◆ Financial/accounting/legal/marketing competencies ◆ Operational understanding of business detail ◆ Leadership/ability to relate to management & staff ◆ Strategic management: –Ability to decide priorities/set direction –Ability to recognise/interpret trends/discontinuities –Ability to provide commercial leadership

16. 16 Patrick Haren Viridian Group Limited QUB 10 December 2007