Slide 1: 1Q 2017 consolidated results
1Q 2017 consolidated results May 12, 2017
Slide 2: Highlights
1Q 2017 consolidated results Highlights EBITDA adjusted for one-offs stable YoY EBITDA +3% net of deconsolidation of Slovenske and JV in North America Stable cash costs in nominal terms CELG acquisition in Brazil completed +3 mn end-users and turn around strategy initiated Larger customer base and h
Slide 3: Financial highlights (€mn)
1Q 2017 consolidated results Financial highlights (€mn) 1Q 2017 1Q 2016 ∆ yoy Adjusted Revenues 19,366 17,872 +8% Reported EBITDA 3,914 4.017 -3% Ordinary EBITDA1 3,763 3,871 -3% Stable (4) Reported EBIT 2,525 2,670 -5% Ordinary EBIT 2,374 2,524 -6% Reported Group net income 983 939 +5% Group net or
Slide 4: Delivery on industrial strategic pillars
1Q 2017 consolidated results Delivery on industrial strategic pillars 1 Operational efficiency Stable cash costs in nominal terms 2 150 €mn growth EBITDA in 1Q 2017 Industrial growth 85% of 2017 growth EBITDA already addressed 3 Group simplification Further simplification at country level 4 Active
Slide 5: Operational efficiency (€mn)
1Q 2017 consolidated results Operational efficiency (€mn) Maintenance capex Opex1 Cash cost -10% +2% -% 4,00 0.00 1,40 0.00 3,50 0.00 1,20 0.00 3,00 0.00 1,00 0.00 2,50 0.00 2,592 2,583 800 .00 2,00 0.00 2,127 600 .00 2,084 1,50 0.00 400 .00 200 .00 508 456 1,00 0.00 500 .00 - - 1Q 2016 1Q 2017 1Q 2
Slide 6: Operational efficiency: focus on opex
1Q 2017 consolidated results Operational efficiency: focus on opex Opex evolution1 Opex by business3 +1% 3,5 00.0 Networks +2% €/end user 50.6 50.9 LTM 3,0 00.0 FY 2016 Renewables -1% 2,5 00.0 128 25 (24) (86) k€/MW 2,0 00.0 39.6 39.3 2,084 2,127 LTM FY 2016 1,5 00.0 -% Thermal Generation4 1,0 00.0
Slide 7: Industrial growth: operational targets by business
1Q 2017 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) 70.0 0 +3.9 +1.6 55 +0.7
Slide 8: Industrial growth: capex
1Q 2017 consolidated results Industrial growth: capex Total capex1 (€mn) Growth capex by business line (€mn) -12% -13% 200 0 1,650 140 0 180 0 160 0 1,453 120 0 1,142 140 0 6 125 997 120 0 100 0 -82% 22 6 1,142 800 100 0 -13% 997 800 600 783 -13% 684 600 400 400 508 -10% 456 200 +25% 285 228 200 0 0
Slide 9: Industrial growth: focus on capex in execution
1Q 2017 consolidated results Industrial growth: focus on capex in execution 2017-19 growth capex In execution by geography In execution by business By COD1 4% 12% 2017 39% 23% 42% 7% 46% 4% 2018 22% 12.4 €bn 6.5 €bn 6.5 €bn 10% 49% 2019 27% 53% 1% 44% 2% >2019 12% 3% In operation Italy Iberia Latam
Slide 10: Industrial growth: focus on renewable capacity additions
1Q 2017 consolidated results Industrial growth: focus on renewable capacity additions 8.0 8 7.0 7 Consolidated capacity additions (GW) 2017-19 BSO capacity additions (GW) 6.0 6 5.0 5 4.0 0.5 3.5 4 0.2 1.0 3.2 3.0 2.7 3 1.9 2.0 2 1.0 1 0.1 0.3 0 0.0 COD Projects in Large hydro Residual 2017-19 Drop d
Slide 11: Industrial growth: focus on renewable projects in execution
1Q 2017 consolidated results Industrial growth: focus on renewable projects in execution Projects in execution by expected COD (MW) Example of a project under construction1 Project Red Dirt 2,50 0.00 2,232 Country United States (Oklahoma) 1,715 2,00 0.00 BSO 897 Technology Wind – 300 MW 1,50 0.00 99
Slide 12: Financial results
1Q 2017 consolidated results Financial results
Slide 13: Market context in the period (change yoy)
1Q 2017 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 -10.0% -5.0% 0.0 % 5.0 % 10. 0% 15. 0% 20. 0% 25. 0% 30. 0% 35. 0% 39.6 Italy 0.6%
Slide 14: Operational highlights
1Q 2017 consolidated results Operational highlights Installed capacity (GW) Net production (TWh) -5% -4% 87.4 80.0 0 66.0 82.7 70.0 0 63.3 Other Ren. 8.2 Other Ren. 8.5 60.0 0 7.1 6.5 Hydro1 29.1 Hydro2 50.0 0 14.8 14.1 27.4 40.0 0 30.0 0 44.1 42.7 Thermal gen. Thermal gen. 50.2 Load factor 20.0 0 4
Slide 15: Ordinary EBITDA evolution (€mn)
1Q 2017 consolidated results Ordinary EBITDA evolution (€mn) -3% -% 86 (31) (136) 130 (149) (19) 84 400 0.0 (73) 3,871 3,852 3,836 350 0.0 3,763 300 0.0 +3% (Net of perimeter) 250 0.0 200 0.0 1Q 2016 One-offs 1 1Q 2016 Growth Efficiency Retail Scenario & Forex Perimeter 3 1Q 2017 One-offs 2 1Q 2017
Slide 16: Adjusted EBITDA by business (€mn)
1Q 2017 consolidated results Adjusted EBITDA by business (€mn) -% 400 0 113 (105) 130 (149) Retail (7) 8 (6) Retail 702 €mn 710 €mn 380 0 3,852 3,836 Renewables Renewables 1,044 €mn 360 0 932 €mn Generation 340 0 Generation 417 €mn 444 €mn 320 0 Networks Networks 1,733 €mn 1,802 €mn 300 0 1Q 2016 Gl
Slide 17: Adjusted EBITDA by geography (€mn)
1Q 2017 consolidated results Adjusted EBITDA by geography (€mn) 500 0.0 Italy -% Italy 1,801 €mn 1,959 €mn 450 0.0 Iberia Iberia 843 €mn 674 €mn 162 (169) 130 (149) 41 3 (5) 16 (45) Latam 400 0.0 Latam 849 €mn 1,029 €mn 3,852 3,836 Europe & 350 0.0 Europe & North Africa North Africa 238 €mn 144 €mn
Slide 18: Global Renewable Energies: ordinary EBITDA analysis (€mn)
1Q 2017 consolidated results Global Renewable Energies: ordinary EBITDA analysis (€mn) -10% 120 0.0 65 11 (183) 1,044 100 0.0 62 (67) 932 800 .0 EGP 462 EGP 600 .0 433 400 .0 Large -4% Large Hydro (Net of perimeter) Hydro 200 .0 582 499 0.0 1Q 2016 Growth Efficiency Scenario Forex Perimeter 1Q 2017
Slide 19: Italy: ordinary EBITDA analysis by business (€mn)
1Q 2017 consolidated results Italy: ordinary EBITDA analysis by business (€mn) +8% 220 0.0 210 0.0 Retail 200 0.0 81 (1) (2) Retail 560 €mn 106 641 €mn 1,959 190 0.0 Renewables (26) Renewables 180 0.0 281 €mn 170 0.0 1,801 280 €mn Generation 160 0.0 Generation 50 €mn 150 0.0 156 €mn 140 0.0 Networks
Slide 20: Italian retail market
1Q 2017 consolidated results Italian retail market Power unitary margin (€/MWh) -21% 30.0 0 28 25.0 0 Ordinary EBITDA (€mn) Free market energy sold (TWh) 20.0 0 15.0 0 22 10.0 0 900 .00 +14% 25.0 0 +20% 5.00 - 800 .00 641 20.0 0 1Q 2016 1Q 2017 700 .00 560 15.1 600 .00 15.0 0 12.6 Cost-to-serve (€
Slide 21: From ordinary EBITDA to net ordinary income (€mn)
1Q 2017 consolidated results From ordinary EBITDA to net ordinary income (€mn) (1,389) 3,763 (625) 2,374 (554) 1,749 (252) 943 Ordinary D&A EBIT Financial EBT Income Minorities Group EBITDA expenses taxes net ordinary & other 1 income 1Q 2016 (€bn) 3.9 (1.3) 2.5 (0.8) 1.7 (0.5) (0.4) 0.8 Change YoY
Slide 22: Cash flow (€mn)
1Q 2017 consolidated results Cash flow (€mn) 4,00 0 (284) (1,049) 3,00 0 3,763 (35) (655) 2,00 0 (1,453) 1,00 0 1,740 Growth 997 287 (1,289) - (757) -1,000 (1,759) -2,000 Ordinary Provisions1 Working Income Financial FFO 3 Capex Free Dividends Active Net free EBITDA capital taxes expenses 2 cash
Slide 23: Net debt evolution (€mn)
1Q 2017 consolidated results Net debt evolution (€mn) +1,727 Dec 31, 2016 Mar 31, 2017 continuing Free cash flow Active portfolio continuing operations after dividends management Forex operations 37,553 39,282 1,002 757 (30) Net debt evolution affected by acquisitions and interim dividends 1. Net de
Slide 24: Debt and financial expenses (€mn)
1Q 2017 consolidated results Debt and financial expenses (€mn) Gross and net debt Net financial expenses on debt -2% -8% 51,388 50,455 8,326 5,647 5,509 5,526 37,553 39,282 651 598 FY 2016 1Q 2017 1Q 2016 1Q 2017 Net debt Financial receivables Cash Financial expenses reduction in line with guidance
Slide 25: Forward sales
1Q 2017 consolidated results Forward sales1 Italy 2017 Italy 2018 59 TWh 61 TWh Regulated / Achieved Regulated / Achieved quasi regulated quasi regulated 2% 30% Price1 43 €/MWh 38% Price1 44 €/MWh Price driven Price driven 35% 100% vs. plan vs. plan 60% Spread driven 30% Spread2 +4 €/MWh Sprea
Slide 26: Closing remarks
1Q 2017 consolidated results Closing remarks Continuous progress on all key strategic pillars Operational efficiency on track Very visible growth with 60% of 2017-19 growth capex already addressed Group diversification ensures stable EBITDA growth High double digit net income accretion FFO generatio
Slide 27: Annexes
1Q 2017 consolidated results Annexes
Slide 28: From EBITDA to net income (€mn)
1Q 2017 consolidated results From EBITDA to net income (€mn) 1 1Q 2017 1Q 2016 1Q 2017 1Q 2016 ∆ yoy ∆ yoy reported reported ordinary ordinary EBITDA 3,914 4,017 -2.6% 3,763 3,871 -2.8% D&A 1,389 1,347 1,389 1,347 EBIT 2,525 2,670 -5.4% 2,374 2,524 -5.9% Net financial charges (664) (852) (664) (852)
Slide 29: Reported EBITDA matrix (€mn)
1Q 2017 consolidated results Reported EBITDA matrix (€mn) Global Generation Global Infrastructures Renew able Services Retail Total Total & Trading & Netw orks Energies & Other 1Q 2017 1Q 2016 1Q 2017 1Q 2016 1Q 2017 1Q 2016 1Q 2017 1Q 2016 1Q 2017 1Q 2016 1Q 2017 1Q 2016 Italy 156 196 863 889 280 2
Slide 30: Reported EBITDA matrix (€mn): new vs old perimeter
1Q 2017 consolidated results Reported EBITDA matrix (€mn): new vs old perimeter Global Thermal Generation & Trading Global Renewable Energies 1Q 2017 1Q 2016 1Q 2017 1Q 2016 Global Global Global Global Global Global Therm al Therm al Renew able EGP Renew able EGP Generation Generation Generation Gen
Slide 31: Ordinary EBITDA matrix (€mn)
1Q 2017 consolidated results Ordinary1 EBITDA matrix (€mn) Global Therm al Global Infrastructures Global Renew able Services Retail Total Total Generation & Trading & Netw orks Energies & Other 1Q 2017 1Q 2016 1Q 2017 1Q 2016 1Q 2017 1Q 2016 1Q 2017 1Q 2016 1Q 2017 1Q 2016 1Q 2017 1Q 2016 Italy 156
Slide 32: Ordinary EBITDA matrix (€mn): new vs old perimeter
1Q 2017 consolidated results Ordinary EBITDA matrix (€mn): new vs old perimeter Global Thermal Generation & Trading Global Renewable Energies 1Q 2017 1Q 2016 1Q 2017 1Q 2016 Global Global Global Global Global Global Therm al Therm al Renew able EGP Renew able EGP Generation Generation Generation Gen
Slide 33: EBITDA from Reported to Adjusted: breakdown by geography (€mn)
1Q 2017 consolidated results EBITDA from Reported to Adjusted: breakdown by geography (€mn) Europe North & Sub-Saharan 1Q 2017 Italy Iberia Latam & North Central Other Total Africa & Asia Africa America Reported 1,959 694 1,087 144 113 12 (95) 3,914 Extraordinary items - - (151) - - - - (151) Ordina
Slide 34: EBITDA from Reported to Adjusted: breakdown by business line (€mn)
1Q 2017 consolidated results EBITDA from Reported to Adjusted: breakdown by business line (€mn) Global Thermal Global Global Services 1Q 2017 Generation Infrastructure Renewable Retail Total & Holding & Trading & Networks Energies Reported 615 1,709 932 710 (52) 3,914 Extraordinary items (151) - - -
Slide 35: Operational efficiency: opex (€mn)
1Q 2017 consolidated results Operational efficiency: opex (€mn) +5% +2% 2,084 0 2,084 2,127 60 2,187 2,30 0 2,30 0.00 1,80 0 1,80 0.00 1,058 1,118 1,097 1,097 Personnel -4% 1,30 0 1,30 0.00 +8% 800 800 .00 External costs 1,132 1,132 1,224 1,224 300 300 .00 Capitalized costs (2 00) (145) (145) (2 00.
Slide 36: Forward sales Latam
1Q 2017 consolidated results Forward sales Latam Chile Colombia 100% 100% 85% 100% 90% 75% 2017 2018 2020 2017 2018 2020 75 77 84 59 61 74 Peru Brazil 100% 100% 100% 100% 100% 80% 2017 2018 2020 2017 2018 2020 49 50 54 52 58 68 Hedged production Unhedged production - Average price (USD/MWh) 35
Slide 37: Gross debt structure
1Q 2017 consolidated results Gross debt1 structure Long term debt by currency After swap Interest rate composition Long term credit ratings Rating Outlook 57% 24% Standard & Poors BBB Positive 83% 48.4 €bn 2% 48.4 €bn 51.2 €bn Moody’s Baa2 Stable 10% 4% 1% 76% 4% 4% 6% Fitch BBB+ Stable 21% 4% 1% 3%
Slide 38: Debt structure by instrument (€bn)
1Q 2017 consolidated results Debt structure by instrument (€bn) North & Central Latin Europe & Sub-Saharan Debt by instrument Enel Spa EFI Italy Iberia Central Total Others America North Africa Africa & Asia America Bonds 13.36 19.55 - - 0.06 4.04 - 0.17 - 37.18 Bank Loans 0.05 - - 4.59 1.03 2.13 0.
Slide 39: Debt maturity coverage split by typology (€bn)
1Q 2017 consolidated results Debt maturity coverage split by typology (€bn) 25.2 19.7 5.1 Available 14.1 committed credit lines1 20.1 6.9 6.9 1.3 5.5 Short Term2 2.8 Cash 5.6 1.2 3.5 Bank Loans and 0.9 2.5 Others 5.6 1.1 3.2 4.3 0.9 Bonds 2.4 1.6 1Q 2017 2017 2018 2019 2020 2021 After 2021 1. Of whi
Slide 40: Balance sheet (€mn)
1Q 2017 consolidated results Balance sheet (€mn) 1Q 2017 FY 2016 ∆ Net financial debt 39,282 37,553 +4.6% Shareholder’s equity 53,900 52,575 +2.5% Net capital employed 93,182 90,128 +3.4% 39
Slide 41: Balance sheet structure (€mn)
1Q 2017 consolidated results Balance sheet structure (€mn) Net fixed assets 109,034 120 ,000 8,513 1,612 (4,617) (11,241) 100 ,000 6 98,909 80,0 00 93,182 53,900 60,0 00 40,0 00 20,0 00 39,282 - Assets WIP Equity NWC Provisions Assets held for Net capital Equity Net debt investments sale employed 58
Slide 42: Italy (€mn)
1Q 2017 consolidated results Italy (€mn) Revenues EBITDA EBIT 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy Thermal Generation and Trading 5,275 4,998 6% 156 196 -20% 98 136 -28% Infrastructure & Networks 1,863 1,759 6% 863 889 -3% 601 640 -6% Retail 4,648 4,185 11% 641 560 14% 496 414
Slide 43: Iberia (€mn)
1Q 2017 consolidated results Iberia (€mn) Revenues EBITDA EBIT 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy Thermal Generation and Trading 1,297 1,060 22% 92 124 -26% (65) (63) 3% Infrastructure & Networks 624 621 0% 446 478 -7% 276 293 -6% Retail 4,245 3,551 20% 89 133 -33% 51 108 -5
Slide 44: Latam (€mn)
1Q 2017 consolidated results Latam (€mn) Revenues EBITDA EBIT 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy Thermal Generation and Trading 679 678 0% 278 108 157% 216 28 671% Infrastructure & Networks 1,883 1,273 48% 374 318 18% 194 196 -1% Renewables 672 549 22% 454 445 2% 384 419 -8%
Slide 45: Argentina (€mn)
1Q 2017 consolidated results Argentina (€mn) Revenues EBITDA EBIT 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy Thermal Generation and Trading 38 68 -44% 15 22 -32% 2 12 -83% Infrastructure & Networks 316 188 68% 43 30 43% 32 25 28% Renewables 11 9 22% 8 6 33% 7 6 17% Services and Othe
Slide 46: Brazil (€mn)
1Q 2017 consolidated results Brazil (€mn) Revenues EBITDA EBIT 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy Thermal Generation and Trading 60 42 43% 33 15 120% 31 13 138% Infrastructure & Networks 809 405 100% 100 97 3% (12) 23 -152% Renewables 127 73 74% 64 44 45% 54 39 38% Services
Slide 47: Chile (€mn)
1Q 2017 consolidated results Chile (€mn) Revenues EBITDA EBIT 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy Thermal Generation and Trading 443 319 39% 184 35 426% 152 (2) -7700% Infrastructure & Networks 301 280 8% 59 55 7% 45 44 2% Renewables 265 247 7% 205 199 3% 169 181 -7% Services
Slide 48: Colombia (€mn)
1Q 2017 consolidated results Colombia (€mn) Revenues EBITDA EBIT 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy Thermal Generation and Trading 19 130 -85% 9 (5) -280% 4 (21) -119% Infrastructure & Networks 297 243 22% 119 86 38% 93 68 37% Renewables 226 170 33% 143 154 -7% 128 154 -17%
Slide 49: Peru (€mn)
1Q 2017 consolidated results Peru (€mn) Revenues EBITDA EBIT 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy Thermal Generation and Trading 119 119 0% 37 41 -10% 27 26 4% Infrastructure & Networks 160 157 2% 53 50 6% 36 36 0% Renewables 41 48 -15% 32 40 -20% 25 38 -34% Services and Other
Slide 50: Europe & North Africa (€mn)
1Q 2017 consolidated results Europe & North Africa (€mn) Revenues EBITDA EBIT 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy Romania 304 277 10% 43 80 -46% 8 50 -84% Russia 314 213 47% 90 37 143% 75 27 178% Slovakia - 604 -100% - 109 -100% - 85 -100% Other 24 119 -80% 11 12 -8% 8 7 14%
Slide 51: Other countries (€mn)
1Q 2017 consolidated results Other countries (€mn) Revenues EBITDA EBIT 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy 1Q 2017 1Q 2016 yoy North & Central America 177 244 -27% 113 180 -37% 62 119 -48% North America 85 170 -50% 47 128 -63% 21 82 -74% Mexico 38 27 41% 27 20 35% 13 10 30% Panama 38 35 9% 29 2
Slide 52: Capex by country (€mn)
1Q 2017 consolidated results Capex by country1 (€mn) -12% 1,650 S&H2 1,453 n.m. 5 0 277 North & Central America +37% 380 Services&Holding 2 Latam North & Central America -6% 603 Latam Iberia Iberia 566 -19% Europe & North Africa 3 177 Europe & North Africa Italy 153 144 -73% 41 Italy 346 314 -9% 1Q
Slide 53: Operational highlights: Generation
1Q 2017 consolidated results Operational highlights: Generation Installed capacity (GW) Net production (TWh) -5% -4% 80. 0 90. 0 (1.8) 1.7 (0.7) 88. 0 (1.6) 70. 0 (3.1) (0.6) 86. 0 87.4 (1.7) 84. 0 0.4 66.0 63.3 60. 0 82. 0 80. 0 82.7 50. 0 78. 0 40. 0 76. 0 74. 0 30. 0 72. 0 70. 0 20. 0 1Q 2016 Nuc
Slide 54: Operational highlights: Distribution
1Q 2017 consolidated results Operational highlights: Distribution Electricity distributed (TWh) End users (mn) +3% +6% 115 .0 0.9 2.1 0.1 3.5 0.4 (0.2) 110 .0 109.0 65.8 61.9 105 .0 106.1 100 .0 95. 0 90. 0 85. 0 80. 0 1Q 2016 Italy Iberia Latam Europe & 1Q 2017 1Q 2016 Latam Rest of 1Q 2017 North A
Slide 55: Group total net installed capacity: breakdown by technology and geography
1Q 2017 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 12,415 718 761 97 - 6,478 4,535 2,739 27,742 Iberia 4,764 1,618 - 14 3,318 5,168 5,445 2,417 22,744 Latam 9,600 1,
Slide 56: Group total net production: breakdown by technology and geography
1Q 2017 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 3,367 352 1,451 30 - 6,826 1,967 224 14,218 Iberia 1,512 960 - 5 7,184 5,723 1,992 1,603 18,980 Latam 8,581 658 - 289 - 8
Slide 57: Group total additional capacity: breakdown by technology and geography
1Q 2017 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 - - - 1 - - - - 1 Iberia - - - - - - - - - Latam - - - - - - - - - Argentina - - - - - - - - - Brazil - - - - - - - -
Slide 58: Renewable projects in execution: breakdown by technology and geography
1Q 2017 consolidated results Renewable projects in execution: breakdown by technology and geography1,2 MW Wind Hydro Geothermal Solar Biomass Total Italy - 24 4 - 0 29 Iberia - 6 - - - 6 Latam 568 174 41 987 - 1,770 Europe & North Africa 154 - - - - 154 North & Central America 1,095 - - 1,024 - 2,11
Slide 59: Renewable projects under construction: breakdown by technology and geography
1Q 2017 consolidated results Renewable projects under construction : breakdown by technology and geography1,2 MW Wind Hydro Geothermal Solar Biomass Total Italy 4 0 4 Iberia - Latam 568 170 41 987 1,766 Europe & North Africa - North & Central America 796 1,024 1,820 Sub-Saharan Africa & Asia - Total
Slide 60: Renewable projects ready to build: breakdown by technology and geography
1Q 2017 consolidated results Renewable projects ready to build : breakdown by technology and geography1,2 MW Wind Hydro Geothermal Solar Biomass Total Italy - 20 4 - - 25 Iberia 6 6 Latam 4 4 Europe & North Africa 154 154 North & Central America 299 299 Sub-Saharan Africa & Asia 705 34 739 Total 1,1
Slide 61: Global Renewable Energies gross pipeline
1Q 2017 consolidated results Global Renewable Energies gross pipeline1 Pipeline by technology Pipeline by geography Pipeline by COD 1% 2% 11% 3% 1% 55% 64% 3% 31% 17.8 GW 17.8 GW 17.8 GW 38% 42% 33% 16% Italy Wind Solar Hydro Iberia Latam 2017 2018 >2018 Geo Other Europe & North Africa North & Centr
Slide 62: Disclaimer
1Q 2017 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 ar
Slide 63: Contact us
1Q 2017 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