Energy transmission and distribution: approx. 60%
Natural gas distribution: approx. 25%
Renewable energies and others: approx. 15%

TOP 3 markets:

1. United Kingdom: approx. 50%
2. United States: approx. 45%
3. Continental Europe and others: approx. 5%

National Grid plc generates the majority of its revenue from energy transmission and distribution, especially in the United Kingdom and the United States. These two markets are crucial for the company as they encompass the majority of the infrastructure and customer base.

The renewable energy sector is growing, but its share of total revenue is still relatively small compared to traditional energy transmission and distribution services.

Production Sites: United Kingdom, United States

National Grid plc is a leading energy utility company that is primarily active in the field of electricity and gas transmission. The company owns and operates the electricity transmission networks in England and Wales as well as gas transmission networks in the United Kingdom. Additionally, National Grid is active in the United States, particularly in the Northeast, where it also operates electricity and gas networks.

Since National Grid is mainly involved in energy transmission and distribution, it does not produce physical products in the traditional sense. Instead, the company focuses on the operation and maintenance of energy infrastructure.

Investments in Renewable Energies: £10 billion by 2030
Digitalization and Grid Modernization: £5 billion by 2028

National Grid plc is pursuing a strategy that is heavily focused on the energy transition and the modernization of infrastructure. The company plans to invest around £10 billion in renewable energies by 2030 to reduce its CO2 emissions and make energy supply more sustainable.

Another key focus is on the digitalization and modernization of the power grid. Investments of approximately £5 billion by 2028 are earmarked for this purpose. These measures are intended to increase efficiency and facilitate the integration of renewable energies.

In addition, National Grid is relying on strategic partnerships and acquisitions to strengthen its market position and integrate new technologies. This includes both expanding infrastructure and developing new services in the field of energy supply.

Main raw materials: Natural gas, copper, aluminum

Countries of origin:

• Natural gas: Norway, Qatar, USA
• Copper: Chile, Peru
• Aluminum: Russia, Canada

National Grid plc is a leading energy utility company, mainly operating in the field of electricity and gas transmission. The company imports various raw materials for the operation and maintenance of its infrastructure.

Natural gas is a crucial component of National Grid's energy portfolio, with Norway being one of the main suppliers. In addition, liquefied natural gas (LNG) is imported from Qatar and the USA to ensure supply security.

Copper and aluminum are essential for the manufacturing and maintenance of transmission lines and other electrical components. Chile and Peru are significant copper suppliers, while aluminum is mainly sourced from Russia and Canada. These materials are vital for maintaining and expanding National Grid's network infrastructure.

Market share in the UK: approx. 90% in the transmission network (2023)
EBITDA margin: 58% (2023)
Credit rating: A- (S&P, 2023)

National Grid plc has a significant competitive advantage, especially due to its dominant market position in the electricity and gas transmission sector in the UK. With a market share of around 90% in the transmission network, the company holds an almost monopolistic position, supported by regulatory framework.

The high EBITDA margin of 58% underscores the efficiency and profitability of the company. This margin is an indicator of National Grid's ability to control costs and generate stable revenues, which is typical for companies in regulated utility markets.

The solid credit rating of A- reflects the financial stability and the company's ability to service its debts. This gives National Grid access to favorable financing options, which is advantageous in the capital-intensive energy infrastructure sector.

In summary, National Grid plc has a strong competitive advantage through its market position, financial strength, and regulatory support, enabling the company to achieve stable long-term returns.

Institutional Investor Share: approx. 60% (estimated for 2025)

Insider Buys/Sells: No significant changes in the last year (estimated for 2025)

National Grid plc traditionally has a high proportion of institutional investors, as it is an established utility company with stable earnings. The institutional investor share typically stands at around 60%, which is common for companies in this sector.

Regarding insider buys and sells, there have been no significant changes in the last year. This suggests that the management and other insiders have confidence in the current company strategy and performance. Such activities are often seen as indicators of the company's future development.

Market share of National Grid plc: 18% (estimated for 2025)

Top competitors and their market shares:

1. Iberdrola S.A.: 20%
2. Enel S.p.A.: 19%
3. National Grid plc: 18%
4. EDF Group: 15%
5. E.ON SE: 12%
6. RWE AG: 10%
7. SSE plc: 6%

Moat of National Grid plc:

National Grid plc has a significant moat, mainly supported by its quasi-monopoly position in the electricity and gas transmission sector in the United Kingdom. This position enables the company to generate stable and predictable revenues. Additionally, National Grid benefits from regulatory conditions that create high barriers to entry for new market participants.

Compared to its competitors, National Grid has the advantage of a strong infrastructure presence and long-standing experience in the energy sector. However, companies like Iberdrola and Enel have also built strong moats through their international diversification and investments in renewable energies, helping them remain competitive in a changing energy market.

In summary, National Grid possesses a significant moat, but is challenged by competitors in some areas, particularly in diversification and renewable energies.

Revenue Growth: 4.5% (2024) Profit Growth: 3.8% (2024) Dividend Yield: 5.2% (2024)

National Grid plc recorded a moderate revenue growth of 4.5% in 2024, attributed to stable earnings from its regulated utility operations. Profit growth was at 3.8%, indicating efficient cost controls and operational improvements.

The dividend yield of 5.2% is attractive to investors seeking stable income. National Grid is known for its reliable dividend payments, making it a potentially good investment for income-oriented investors.

The company's long-term prospects are positive as it plays a central role in the energy transition, particularly through investments in renewable energy and infrastructure modernization. This could further strengthen its future growth potential.

Dividend yield: 5.2% (2025, estimated)
Dividend history: Continuous payout over the last 10 years

National Grid plc is known for its stable dividend policy. The company has consistently distributed dividends to its shareholders in recent years, indicating a reliable payout. The estimated dividend yield of 5.2% in 2025 shows that National Grid continues to offer an attractive return for investors.

The reliability of dividend payments is supported by the company's stable financial performance and its strong market position in the energy infrastructure sector. Analysts expect that National Grid will be able to maintain its dividend policy unless significant negative changes occur in the regulatory or economic environment.