Slide 1: FY 2016 consolidated results
FY 2016 consolidated results March 17, 2017
Slide 2: Opening remarks
FY 2016 consolidated results Opening remarks EBITDA ahead of full year guidance +6% YoY, net of forex and on a like-for-like basis Beating efficiency targets, cash costs down by 8% More than 2 GW built in US, Chile, South Africa and Mexico Growth capex up 33% 2017 Retail EBITDA target reached one ye
Slide 3: Financial targets delivered
FY 2016 consolidated results Financial targets delivered 2016 2016 target vs. target 2015 ∆ yoy Ordinary EBITDA (€bn) 15.2 15.0 Ahead 15.0 +1% Net ordinary income (€bn) 3.2 3.2 In line 2.9 +12% Dividend per share (€) 0.18 0.18 In line 0.16 +12% Almost Net debt (€bn) 37.6 37.21 37.5 Unchanged in li
Slide 4: A sustainable strategy
FY 2016 consolidated results A sustainable strategy United Nations Sustainable Development Goals (SDGs) Enel SDGs 2016 results 2020 targets 300,000 people 400,000 people 3 mn people, 1.2 mn people mainly in Africa, Asia and Latin America 1.1 mn people 1.5 mn people1 ~395 gCO2/kWheq < 350 gCO2/kWheq2
Slide 5: Delivery on industrial strategic pillars
FY 2016 consolidated results Delivery on industrial strategic pillars 1 ✔ Operational efficiency -8% of cash costs in nominal terms 2 ✔ 0.8 €bn 2016 growth EBITDA achieved Industrial growth 90% of 2017 growth EBITDA already addressed 3 ✔ Simplification at holding level completed Group simplificatio
Slide 6: Operational efficiency
FY 2016 consolidated results Operational efficiency1 (€mn) Maintenance capex Opex Cash cost -12% -6% -8% 6,00 0.00 13,0 00.00 8.6 12,5 00.00 11.6 5,00 0.00 12,0 00.00 12,397 3.0 4,00 0.00 11,5 00.00 9,081 8,494 11,428 11,0 00.00 3,00 0.00 10,5 00.00 3,316 2,00 0.00 2,934 10,0 00.00 9,50 0.00 9,00 0.
Slide 7: Operational efficiency: focus on opex
FY 2016 consolidated results Operational efficiency: focus on opex Opex evolution1 Opex by business3 -11% 10, 000.0 Networks -6% €/end user 56.8 50.6 9,5 00.0 2015 2016 (10) 30 (78) Renewables -6% (529) 9,0 00.0 k€/MW 9,081 42.1 39.6 8,5 00.0 2015 2016 8,494 -8% Thermal Generation4 8,0 00.0 k€/MW 38
Slide 8: Industrial growth: operational targets by business
FY 2016 consolidated results Industrial growth: operational targets by business Networks Retail Renewables Thermal generation End users (mn) Free customer base1 (mn) Managed capacity (GW) Installed capacity3 (GW) Smart meters (mn) Consolidated capacity (GW) Large hydro (GW) +0.7 +1.6 55. 0 +0.6 55.0
Slide 9: Industrial growth: capex
FY 2016 consolidated results Industrial growth: capex Total capex (€mn) Growth capex by business line (€mn) +14% +33% 8,842 100 00 700 0 900 0 5,909 7,762 600 0 70 800 0 466 700 0 500 0 4,433 600 0 +33% 5,909 46 -38% 4,433 400 0 752 3,961 500 0 300 0 400 0 +47% 300 0 200 0 2,698 -12% 200 0 3,329 2,9
Slide 10: Industrial growth: Build, Sell and Operate model
FY 2016 consolidated results Industrial growth: Build, Sell and Operate model 18. 0 8.0 7.0 16. 0 Consolidated capacity1 (GW) BSO in 2016 2017-19 BSO capacity additions (GW) 6.0 14. 0 Impact on net debt 5.0 -450 €mn JV deconsolidation 2.0 (1.6) 12. 0 -750 €mn BSO disposals 4.0 10. 0 10.6 11.0 3.0 13
Slide 11: Industrial growth: focus on capex in execution
FY 2016 consolidated results Industrial growth: focus on capex in execution1 2017-19 growth capex In execution by business By COD2 Growth EBITDA by year (€bn) 3 2017 40% 2.6 2.5 50% 1.9 2018 38% 2 43% 12.4 €bn 6.9 €bn 1.4 1.9 56% 1.5 46% 2019 11% 1.3 1 0.8 2% 0.5 >2019 11% 0.8 1% 2% 0 In execution N
Slide 12: Group simplification: Latin America restructuring
FY 2016 consolidated results Group simplification: Latin America restructuring New corporate structure 2016 key metrics2 Key highlights Enel Enel Target to reduce the number of Americas Chile companies, from 66 to <30 2.4 $bn EBITDA 1.1 $bn 51.8% (1) 60.6% 470 $mn of total efficiency2 by 2019 Enel E
Slide 13: Regulatory update: focus on Argentina, Brazil and Colombia
FY 2016 consolidated results Regulatory update: focus on Argentina, Brazil and Colombia 2017-19 Previous regulation Proposed framework Approved EBITDA1 impact Expected RAB 2017 ~2 €bn RAB 2.3 €bn WACC 12.5% Potential Temporary tariff based on historical opex Argentina +0.40 €bn upside vs.
Slide 14: CELG-D acquisition
FY 2016 consolidated results CELG-D acquisition Key figures Opex/customer (USD/customer) SAIDI (hours of interruption)1 Valuation multiple (EV/RAB) 3.00 3 million customers 84 Regulatory 45 43.2 2.50 120 .00 reference 2.4x 2.2x 2.00 100 .00 113 30 13 TWh electricity 80.0 0 1.50 1.8x 1.6x 1.5x cons
Slide 15: Active portfolio management
FY 2016 consolidated results Active portfolio management Disposals1 completed in 2016 (€bn) Acquisitions completed in 2016 (€bn) 2017-19 active portfolio management program3 Slovenske Elektrarne 1.3 Open Fiber 0.4 ~4.5 €bn 5.00 EGP North America2 1.2 Latam restructuring 0.2 4.50 Minority Romania 4.0
Slide 16: Shareholder remuneration
FY 2016 consolidated results Shareholder remuneration Dividend policy Minimum DPS (€/sh) +17% +12% 65% 70% 70% 0.21 50% 55% 0.18 0.16 2015 2016 2017 2018 2019 2015 2016 2017 Confidence on strategy delivery allows improved shareholder return 15
Slide 17: Financial results
FY 2016 consolidated results Financial results
Slide 18: Financial highlights
FY 2016 consolidated results Financial highlights (€mn) FY 2016 FY 2015 ∆ yoy Like-for-like Revenues 70,592 75,658 -7% Reported EBITDA 15,276 15,297 -% Ordinary EBITDA1 15,174 15,040 +1% +3% (5) Reported EBIT 8,921 7,685 +16% Ordinary EBIT2 9,435 9,215 +2% Reported Group net income 2,570 2,196 +17%
Slide 19: Market context in the period
FY 2016 consolidated results Market context in the period (change yoy) Electricity demand1 Average spot power prices (€/MWh) Currencies vs. euro2 -4.5% -3.5% -2.5% -1.5% -0.5% 0.5 % 1.5 % 2.5 % 3.5 % 4.5 % Spot price3 -30.0% -25.0% -20.0% -15.0% -10.0% -5.0% 0.0 % 52.3 Italy -2.1% Italy 46 -18% USD
Slide 20: Operational highlights
FY 2016 consolidated results Operational highlights Installed capacity (GW) Net production (TWh) -8% -8% 89.7 350 .00 284.0 82.7 261.8 Other Ren. 8.0 Other Ren. 300 .00 8.5 23.3 250 .00 65.9 25.9 Hydro1 29.0 Hydro2 60.0 27.4 200 .00 150 .00 Thermal gen. Thermal gen. 100 .00 194.7 175.8 52.7 46.8 Loa
Slide 21: Operational highlights: Generation
FY 2016 consolidated results Operational highlights: Generation Installed capacity (GW) Net production (TWh) -8% -8% 300 .0 95. 0 (1.8) 290 .0 (6.4) 90. 0 (4.1) 280 .0 (12.5) 89.7 284.0 (5.9) (1.6) 2.6 270 .0 0.5 85. 0 260 .0 80. 0 82.7 261.8 250 .0 240 .0 75. 0 230 .0 70. 0 220 .0 FY 2015 Nuclear T
Slide 22: Operational highlights: Distribution
FY 2016 consolidated results Operational highlights: Distribution Electricity distributed (TWh) End users (mn) -% +1% 430 .0 428 .0 (3.7) 2.0 - 0.3 426 .0 427.4 0.7 - 424 .0 426.0 422 .0 62.2 61.5 420 .0 418 .0 416 .0 414 .0 412 .0 410 .0 FY 2015 Italy Iberia Latam Europe & FY 2016 FY 2015 Latam Res
Slide 23: Ordinary EBITDA evolution
FY 2016 consolidated results Ordinary EBITDA evolution (€mn) +1% +3% 170 00.0 704 (725) 160 00.0 529 (133) (383) (264) 478 (72) 150 00.0 15,040 15,246 15,174 140 00.0 14,776 130 00.0 +6% (Net of forex) 120 00.0 110 00.0 100 00.0 FY 2015 One-offs 1 FY 2015 Growth Efficiency Retail Scenario & Perimete
Slide 24: Adjusted EBITDA by business
FY 2016 consolidated results Adjusted EBITDA by business (€mn) +3% 160 00 731 (16) (133) (383) Retail 155 00 Retail 116 81 1,977 €mn 74 2,706 €mn 15,246 150 00 Renewables 145 00 14,776 EGP Renewables 4,020 €mn 140 00 +273 €mn 3,987 €mn Generation 135 00 Generation 1,709 €mn 1,604 €mn 130 00 Networks
Slide 25: Global Renewable Energies: ordinary EBITDA analysis
FY 2016 consolidated results Global Renewable Energies: ordinary EBITDA analysis (€mn) -% -1% 500 0.0 365 80 (457) 450 0.0 3,995 92 (113) 22 4,009 25 400 0.0 350 0.0 4,020 3,987 EGP EGP 1,705 300 0.0 250 0.0 2,015 200 0.0 150 0.0 Large Large 100 0.0 Hydro Hydro 500 .0 2,290 1,994 0.0 FY 2015 One-off
Slide 26: Adjusted EBITDA by geography
FY 2016 consolidated results Adjusted EBITDA by geography (€mn) 170 00.0 Italy +3% Italy 6,755 €mn 165 00.0 6,688 €mn Iberia 8 12 (133) Iberia 160 00.0 17 256 (383) 3,494 €mn 713 3,536 €mn 155 00.0 Latam Latam 3,249 €mn 150 00.0 (61) 41 15,246 3,605 €mn Europe & Europe & North Africa 145 00.0 14,776
Slide 27: Italy: ordinary EBITDA analysis by business
FY 2016 consolidated results Italy: ordinary EBITDA analysis by business (€mn) -2% -1% 750 0.0 508 (275) Retal 700 0.0 Retail 1,336 €mn 96 (98) (186) (16) (133) 1,932 €mn Renewables 6,755 6,688 Renewables 650 0.0 6,659 1,315 €mn 6,555 1,040 €mn Generation 600 0.0 Generation 43 €mn -142 €mn 550 0.0 N
Slide 28: Italian retail market
FY 2016 consolidated results Italian retail market Power unitary margin (€/MWh) -% 30.0 0 25.0 0 Adjusted EBITDA1 (€bn) Free market energy sold (TWh) 20.0 0 27 27 15.0 0 10.0 0 +36% 80.0 0 +24% 5.00 - 2.50 70.0 0 1.9 2015 2016 51.6 60.0 0 2.00 1.4 50.0 0 41.6 12.4 Cost-to-serve (€/customer) 1.50 M
Slide 29: From ordinary EBITDA to net ordinary income
FY 2016 consolidated results From ordinary EBITDA to net ordinary income (€mn) (5,739) 15,174 (2,702) 9,435 (2,135) (1,355) 6,733 3,243 Ordinary D&A EBIT Financial EBT Income Minorities Group EBITDA expenses taxes net ordinary & other 1 income FY 2015 (€bn) 15.0 (5.8) 9.2 (2.4) 6.8 (2.3) (1.6) 2.9 C
Slide 30: From reported Group net income to Group net ordinary income
FY 2016 consolidated results From reported Group net income to Group net ordinary income (€mn) (780) 3,243 107 2,570 Group net Impairments Extraordinary Reported ordinary items Group net income income 2015 2,887 909 (218) 2,196 Delta yoy +12% +17% 29
Slide 31: Cash flow
FY 2016 consolidated results Cash flow (€mn) (1,512) 15,5 00 719 (1,959) 13,5 00 15,174 (2,576) 11,5 00 (8,842) Maint. 9,50 0 9,846 7,50 0 2,934 5,50 0 Growth 3,50 0 5,909 750 1,754 (2,506) 1,50 0 1,494 742 -500 -2,500 Ordinary Provisions1 Working Income Financial FFO 3 Capex BSO Free Dividends A
Slide 32: Net debt evolution
FY 2016 consolidated results Net debt evolution (€mn) -833 Dec 31, 2015 Dec 31, 2016 continuing Free cash flow Active portfolio continuing operations after dividends management Forex operations 37,545 37,553 1 (91) 841 752 (1,494) Net debt unchanged vs. previous year 1. Net debt related to assets he
Slide 33: Debt and financial expenses
FY 2016 consolidated results Debt and financial expenses (€mn) Gross and net debt Net financial expenses on debt -3% -3% 52,760 51,388 10,640 8,326 5,509 2,613 4,575 2,524 37,545 37,553 FY 2015 FY 2016 FY 2015 FY 2016 Net debt Financial receivables Cash Financial expenses reduction in line with guid
Slide 34: Forward sales
FY 2016 consolidated results Forward sales1 Italy 2017 Italy 2018 59 TWh 61 TWh Regulated / Achieved Regulated / Achieved quasi regulated 5% quasi regulated 2% 35% Price1 43 €/MWh 38% Price1 43 €/MWh Price driven Price driven 75% vs. plan vs. plan 60% 60% Spread driven Spread2 +4 €/MWh Spread
Slide 35: Closing remarks
FY 2016 consolidated results Closing remarks Sound delivery on all key strategic pillars with efficiency ahead of guidance Customer focus strategy fully delivering in Italy and Iberia Successfully started BSO model in renewables Latam growth enhanced by recently approved regulatory framework in Arge
Slide 36: Annexes
FY 2016 consolidated results Annexes
Slide 37: From EBITDA to net income
FY 2016 consolidated results From EBITDA to net income (€mn) 1 FY 2016 FY 2015 FY 2016 FY 2015 ∆ yoy ∆ yoy reported reported ordinary ordinary EBITDA 15,276 15,297 -0.1% 15,174 15,040 0.9% D&A 6,355 7,612 5,739 5,825 EBIT 8,921 7,685 16.1% 9,435 9,215 2.4% Net financial charges (2,987) (2,456) (2,76
Slide 38: Reported EBITDA matrix
FY 2016 consolidated results Reported EBITDA matrix (€mn) Global Generation Global Infrastructures Renew able Services Retail Total Total & Trading & Netw orks Energies & Other FY 2016 FY 2015 FY 2016 FY 2015 FY 2016 FY 2015 FY 2016 FY 2015 FY 2016 FY 2015 FY 2016 FY 2015 Italy (18) 184 3,620 3,933
Slide 39: Reported EBITDA matrix: new vs old perimeter
FY 2016 consolidated results Reported EBITDA matrix (€mn): new vs old perimeter Global Thermal Generation & Trading Global Renewable Energies FY 2016 FY 2015 FY 2016 FY 2015 Global Global Global Global Global Global Therm al Therm al Renew able EGP Renew able EGP Generation Generation Generation Gen
Slide 40: Ordinary EBITDA matrix
FY 2016 consolidated results Ordinary1 EBITDA matrix (€mn) Global Therm al Global Infrastructures Global Renew able Services Retail Total Total Generation & Trading & Netw orks Energies & Other FY 2016 FY 2015 FY 2016 FY 2015 FY 2016 FY 2015 FY 2016 FY 2015 FY 2016 FY 2015 FY 2016 FY 2015 Italy (142
Slide 41: Ordinary EBITDA matrix: new vs old perimeter
FY 2016 consolidated results Ordinary EBITDA matrix (€mn): new vs old perimeter Global Thermal Generation & Trading Global Renewable Energies FY 2016 FY 2015 FY 2016 FY 2015 Global Global Global Global Global Global Therm al Therm al Renew able EGP Renew able EGP Generation Generation Generation Gen
Slide 42: EBITDA from Reported to Adjusted: breakdown by geography
FY 2016 consolidated results EBITDA from Reported to Adjusted: breakdown by geography (€mn) Europe North & Sub-Saharan FY 2016 Italy Iberia Latam & North Central Other Total Africa & Asia Africa America Reported 6,679 3,562 3,556 762 833 14 (130) 15,276 Extraordinary items (124) - 22 - - - - (102) O
Slide 43: EBITDA from Reported to Adjusted: breakdown by business line
FY 2016 consolidated results EBITDA from Reported to Adjusted: breakdown by business line (€mn) Global Global Global Thermal Services FY 2016 Infrastructure Renewable Retail Total Generation & Trading & Holding & Networks Energies Reported 1,861 7,076 3,814 2,634 (109) 15,276 Extraordinary items (29
Slide 44: Operational efficiency: opex
FY 2016 consolidated results Operational efficiency: opex (€mn) -9% -6% 9,572 (491) 9,081 8,494 261 8,755 9,40 0 9,40 0.00 3,665 7,40 0 4,603 7,40 0.00 4,393 4,372 Personnel -5% 5,40 0 5,40 0.00 3,40 0 6,541 -7% 3,40 0.00 External costs 5,112 4,752 4,992 1,40 0 1,40 0.00 Capitalized costs (6 00) (63
Slide 45: Forward sales Latam
FY 2016 consolidated results Forward sales Latam Chile Colombia 100% 100% 85% 95% 90% 75% 2017 2018 2020 2017 2018 2020 75 78 85 60 60 73 Peru Brazil 100% 100% 100% 100% 100% 90% 2017 2018 2020 2017 2018 2020 50 50 54 53 57 73 Hedged production Unhedged production - Average price (USD/MWh) 44
Slide 46: Gross debt structure
FY 2016 consolidated results Gross debt1 structure Long term debt by currency After swap Interest rate composition Long term credit ratings Rating Outlook 56% 28% Standard & Poors BBB Stable 83% 46.5 €bn 2% 46.5 €bn 52.2 €bn Moody’s Baa2 Stable 11% 4% 1% 72% 3% 7% BBB+ 4% 22% Fitch Stable 4% 1% 2% E
Slide 47: Debt structure by instrument
FY 2016 consolidated results Debt structure by instrument (€bn) Central Latin North & Central Europe & North Sub-Saharan Debt by instrument Enel Spa EFI Italy Iberia Total Others America America Africa Africa & Asia Bonds 13.39 18.16 - - 0.09 4.05 - 0.16 - 35.85 Bank Loans 0.05 - - 4.63 0.71 1.89 0.
Slide 48: Debt maturity coverage split by typology
FY 2016 consolidated results Debt maturity coverage split by typology (€bn) 23.1 4.5 22.7 Available 14.4 committed credit 10.0 lines1 6.9 18.6 5.7 1.3 5.5 Short term 2 1.2 3.4 0.9 2.5 Cash 8.3 Bank Loans and 5.6 1.1 Others 4.3 0.9 3.4 Bonds 2.3 1.6 FY 2016 2017 2018 2019 2020 2021 After 2021 1. Of w
Slide 49: Balance sheet
FY 2016 consolidated results Balance sheet (€mn) FY 2016 FY 2015 ∆ yoy Net financial debt 37,553 37,545 +0% Shareholder’s equity 52,575 51,751 +2% Net capital employed 90,128 89,296 +1% 48
Slide 50: Italy: reported figures
FY 2016 consolidated results Italy: reported figures (€mn) Revenues EBITDA EBIT FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy Thermal Generation and Trading 19,397 22,186 -13% (18) 184 -110% (354) (93) 281% Infrastructure & Networks 7,237 7,905 -8% 3,620 3,933 -8% 2,597 2,914 -11% Reta
Slide 51: Iberia: reported figures
FY 2016 consolidated results Iberia: reported figures (€mn) Revenues EBITDA EBIT FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy Thermal Generation and Trading 4,893 5,800 -16% 812 780 4% 187 127 47% Infrastructure & Networks 2,566 2,667 -4% 1,815 1,643 10% 1,044 868 20% Retail 14,132 15
Slide 52: Latam: reported figures
FY 2016 consolidated results Latam: reported figures (€mn) Revenues EBITDA EBIT FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy Thermal Generation and Trading 2,039 1,835 11% 748 341 119% 211 14 1407% Infrastructure & Networks 5,759 6,220 -7% 1,429 1,400 2% 836 846 -1% Renewables 2,938 2
Slide 53: Argentina: reported figures
FY 2016 consolidated results Argentina: reported figures (€mn) Revenues EBITDA EBIT FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy Thermal Generation and Trading 241 237 2% 98 76 29% 60 31 94% Infrastructure & Networks 887 835 6% 155 165 -6% 128 143 -10% Renewables 35 54 -35% 23 38 -39%
Slide 54: Brazil: reported figures
FY 2016 consolidated results Brazil: reported figures (€mn) Revenues EBITDA EBIT FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy Thermal Generation and Trading 179 200 -11% 73 56 30% 65 49 33% Infrastructure & Networks 2,065 2,431 -15% 433 372 16% 55 40 38% Renewables 362 242 50% 199 137
Slide 55: Chile: reported figures
FY 2016 consolidated results Chile: reported figures (€mn) Revenues EBITDA EBIT FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy Thermal Generation and Trading 1,500 1,063 41% 400 53 655% (5) (88) -94% Infrastructure & Networks 1,161 1,190 -2% 252 266 -5% 205 217 -6% Renewables 1,003 1,13
Slide 56: Colombia: reported figures
FY 2016 consolidated results Colombia: reported figures (€mn) Revenues EBITDA EBIT FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy Thermal Generation and Trading 88 27 226% 51 17 200% 9 (49) -118% Infrastructure & Networks 1,049 1,122 -7% 398 406 -2% 316 315 0% Renewables 917 1,009 -9% 5
Slide 57: Peru: reported figures
FY 2016 consolidated results Peru: reported figures (€mn) Revenues EBITDA EBIT FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy Thermal Generation and Trading 31 308 -90% 126 139 -9% 82 71 15% Infrastructure & Networks 597 642 -7% 191 191 0% 132 131 1% Renewables 609 294 107% 102 154 -34%
Slide 58: Europe & North Africa: reported figures
FY 2016 consolidated results Europe & North Africa: reported figures (€mn) Revenues EBITDA EBIT FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy Romania 1,058 1,090 -3% 339 364 -7% 71 58 22% Russia 985 1,062 -7% 186 164 13% 136 (839) -116% Slovakia 1,360 2,401 -43% 191 871 -78% 114 184 -3
Slide 59: Other countries: reported figures
FY 2016 consolidated results Other countries: reported figures (€mn) Revenues EBITDA EBIT FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy FY 2016 FY 2015 yoy North & Central America 1,125 882 28% 833 575 45% 565 338 67% North America 774 534 45% 587 351 67% 398 168 137% Mexico 125 95 32% 95 54 76% 42 23 83%
Slide 60: Capex by country
FY 2016 consolidated results Capex by country1 (€mn) +20% 8,552 S&H2 52 -2.3% 7,113 1,832 North & Central Americas 52 +154% 720 Services&Holding 2 Latam North & Central America +4.5% 3,069 Latam 2,937 Iberia Iberia +14.6% Europe & North Africa 1,001 1,147 Europe & North Africa Italy 265 +6.4% 249 It
Slide 61: Group total net installed capacity: breakdown by technology and geography
FY 2016 consolidated results Group total net installed capacity: breakdown by technology and geography Solar & Oil&Gas MW Hydro1 Wind Geothermal Nuke Coal CCGT TOTAL Other ST/OCGT Italy 12,423 728 761 97 - 6,478 4,535 2,739 27,760 Iberia 4,764 1,618 - 14 3,318 5,168 5,445 2,417 22,744 Latam 9,590 1,
Slide 62: Group total net production: breakdown by technology and geography
FY 2016 consolidated results Group total net production: breakdown by technology and geography Solar & Oil&Gas GWh Hydro1 Wind Geothermal Nuke Coal CCGT TOTAL Other ST/OCGT Italy 16,052 1,298 5,832 122 - 28,145 8,913 551 60,913 Iberia 7,288 3,422 - 167 25,921 21,336 7,425 6,764 72,323 Latam 32,619 2
Slide 63: Group total additional capacity: breakdown by technology and geography
FY 2016 consolidated results Group total additional capacity: breakdown by technology and geography Solar & Oil&Gas MW Hydro1 Wind Geothermal Nuke Coal CCGT TOTAL Other ST/OCGT Italy 8 8 - 16 - - - - 32 Iberia 1 1 - - - - - - 2 Latam 192 224 - 318 - - - - 734 Argentina - - - - - - - - - Brazil 142 -
Slide 64: Renewable projects in execution
FY 2016 consolidated results Renewable projects in execution: breakdown by technology and geography1,2 MW Wind Hydro Geothermal Solar Biomass Total Italy - 4 4 - 1 9 Iberia - 6 - - - 6 Latam 766 171 41 987 - 1,965 Europe & North Africa 154 - - - - 154 North & Central America 570 - - 815 - 1,385 Sub-
Slide 65: Renewable projects under construction
FY 2016 consolidated results Renewable projects under construction : breakdown by technology and geography1,2 MW Wind Hydro Geothermal Solar Biomass Total Italy - 4 - - 1 5 Iberia - - - - - - Latam 766 150 41 987 - 1,944 Europe & North Africa - - - - - - North & Central America 570 - - 60 - 630 Sub-
Slide 66: Renewable projects ready to build
FY 2016 consolidated results Renewable projects ready to build : breakdown by technology and geography1,2 MW Wind Hydro Geothermal Solar Biomass Total Italy - - 4 - - 4 Iberia - 6 - - - 6 Latam - 21 - - - 21 Europe & North Africa 154 - - - - 154 North & Central America - - - 755 - 755 Sub-Saharan Af
Slide 67: Global Renewable Energies gross pipeline
FY 2016 consolidated results Global Renewable Energies gross pipeline1 Pipeline by technology Pipeline by geography Pipeline by COD 1% 3% 7% 10% 1% 56% 64% 6% 19.5 GW 19.5 GW 29% 19.5 GW 41% 40% 30% 12% Italy Wind Solar Hydro Iberia Latam 2017 2018 >2018 Geo Other Europe & North Africa North & Centr
Slide 68: Disclaimer
FY 2016 consolidated results Disclaimer This presentation contains certain forward-looking statements that reflect the Company’s management’s current views with respect to future events and financial and operational performance of the Company and its subsidiaries. These forward- looking statements a
Slide 69: Contact us
FY 2016 consolidated results Contact us Luca Passa Head of Group Investor Relations Elisabetta Ghezzi Investor Relations Holding Donatella Izzo Investor Relations Sustainability and Other Countries Email Marco Donati investor.relations@enel.com Investor Relations Reporting and Corporate Governance P