Gas Natural SDG SA

Gas Natural SDG SA — Endesa — Merger or Acquisition (October 2005)

6 slides from Gas Natural SDG SA's merger presentation, Oct 5, 2005

  1. Slide 1: Source: 2004 Endesa Annual Report

    Source: 2004 Endesa Annual Report

  2. Slide 2: Endesa's projected EBITDA growth

    Source: 2004 Endesa Annual Report Endesa’s projected EBITDA growth is based to a large extent on improvements in fixed costs and contribution margins, that should reach €525 million by 2009. This cost reduction is not only difficult to believe, but also has failed to materialise in the first-half re

  3. Slide 3: Endesa's Earnings per Share Historical Evolution

    In the period 2000-2004, Endesa’s earnings per share (EPS) showed a negative CAGR of -0.6%, versus the 12% positive CAGR announced by the Endesa team for 2004-2009. Endesa’s Earnings per Share (EPS) Historical Evolution

  4. Slide 4: Source: 2004 Endesa Annual Report

    Source: 2004 Endesa Annual Report

  5. Slide 5: 2.3 Lack of rigour in statements about Gas Natural's offer

    2.3 Lack of rigour in statements about Gas Natural’s offer Endesa’s statements with respect to the principal aspects of Gas Natural’s offer are plagued by declarations which are either inexact, contrived or deliberately confusing. Good examples of this are statements such as “Giving away assets to m

  6. Slide 6: Endesa combined cycles plan - 2001! Situation in 2005?

    Endesa combined cycles plan - 2001! Situation in 2005? 7CUE ae mi:

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