Slide 1: Endesa strategic plan update 2012-16
08 | 03 | 2012 endesa strategic plan update 2012-16
Slide 2: Market context
Market context Market context Spain: demand evolution(1) Latin America: demand evolution(2) CAGR: 1.6% CAGR: 5.1% 2.3% 2.7% 5.5% 3.9% 4.9% 4.4% -2.1% -0.8% 2011 2012 2013 2014 2015 2016 2011 2012 2013 2014 2015 2016 Commodities: brent (US$/bbl) Commodities: coal(3) (US$/ton) 111 131 107 122 125 128
Slide 3: Spain & Portugal: Strategic guidelines
spain&portugal&others Strategic guidelines Operational Operational excellence excellence • Proactive with regulation • Synergies & Zenith plan Tight Tightcontrol controlin in • Cash optimization: Selective “just in capex capex time” investments • Energy management: leverage on “short position” strat
Slide 4: Spain & Portugal: 2012 outlook
spain&portugal&others 2012 outlook Electricity demand(1) (TWh) CAGR CAGR 2008-2012: 2008-2012: -1.1% -1.1% EBITDA (€Bn) 264 255 ~ 253 ~4.0 ~3.3 ~34% ~27% 2008 2011 2012 Endesa’s 2012 main parameters ~66% ~73% ●● LRT LRT ++ social social bonus bonus 2011 2012 ●● Lower Lower Islands Islands margin mar
Slide 5: Endesa Latin America: Strategic guidelines
endesa latin america Strategic guidelines Organic Organicgrowth growth • Generation: ~1.1 GW additional capacity opportunities opportunities (Bocamina II 370 MW, Quimbo 400 MW, Talara 183 MW, Casalaco 144 MW) & increasing pipeline Distribution: ~1.8 mn new clients over the period Cash Cashoptimizati
Slide 6: Endesa Latin America: 2012 outlook
endesa latin america 2012 outlook Electricity demand(1) (TWh) EBITDA (€Bn) ~833 803 ~3.6 ~3.2 2011 2012 ~50% ~57% Endesa output (TWh) ~43% ~50% 66.1 62.8 2011 2012 Liberalized business Regulated business 2011 2012 Organic growth to boost profitability (1) Countries where Endesa operates 6
Slide 7: Synergies
Synergies Recurring 2012 synergy + zenith target 1,210 24% 977 • 2011: exceeding target by 24% • 2012: 2012 onwards recurring approx. at same value 2011 achieved 2011 2011 target achieved 7
Slide 8: Investments & EBITDA
Investments & EBITDA Overall targets Capex programme(1) (€Bn) EBITDA (€Bn) ~8.3 ~10.7 ~7.4 ~7.0 29% ~3.7 ~3.5 ~3.3 50% 50% 71% ~4.6 ~3.9 ~3.6 Latam Iberia 2012-16 2012 2014 2016 Maintenance Latam Growth Iberia • Conservative investment profile with a 2.6% EBITDA CAGR 2011-16 • Dividends(2) (30% pay-
Slide 9: Disclaimer
disclaimer Disclaimer This document contains certain "forward-looking" statements regarding anticipated financial and operating results and statistics and other future events. These statements are not guarantees of future performance and they are subject to material risks, uncertainties, changes and
Slide 10: Strategic plan update 2012-2016
strategic plan update 2012-2016 10