Slide 1: 2012 Results 2013-2017 Plan
Enel SpA Investor Relations 2012 Results 2013-2017 Plan Rome - March 13, 2013
Slide 2: Agenda
Enel SpA 2012 Results & 2013-2017 Plan Investor Relations Agenda • 2012 results L. Ferraris CFO • 2013-2017 Strategic update F. Conti CEO o Strategy overview o New assumptions Enel SpA – Investor Relations o Key priorities o Focus on divisions • Overall financial targets & Closing remarks 1
Slide 3: 2012 results
Enel SpA 2012 Results Investor Relations 2012 results Luigi Ferraris Enel SpA – Investor Relations 2
Slide 4: Financial highlights
Enel SpA 2012 Results Investor Relations Financial highlights Consolidated results €mn FY11 FY12 % Revenues 79,514 84,889 +6.8 EBITDA1 17,605 16,738 -4.9 - recurring1,2 17,304 16,738 -3.3 EBIT1 11,278 7,735 -31.4 Enel SpA – Investor Relations Group net income1 4,113 865 -79.0 Group net ordinary inco
Slide 5: From EBIT to Net Income
Enel SpA 2012 Results Investor Relations From EBIT to Net Income €mn FY11 FY12 % EBIT 11,278 7,735 -31.4 Net financial charges (3,024) (3,003) +0.7 Interest charges 2,776 2,832 +1.9 Other 248 171 -29.4 Net income from equity investments using equity method 96 88 -8.3 EBT 8,350 4,820 -42.3 Enel SpA –
Slide 6: Focus on forward electricity sales
Enel SpA 2012 Results Investor Relations Focus on forward electricity sales Level of total production hedged (%) Italy Spain2 100 100 100 100 ~ 10 ~ 55 ~ 90 ~ 90 ~ 45(1) ~ 10 2013 2014 2013 2014 Latam Slovakia Enel SpA – Investor Relations 100 100 100 100 ~ 30 ~ 35 ~5 ~ 85 Unhedged ~ 70 ~ 65 ~ 95 He
Slide 7: Group EBITDA evolution
Enel SpA 2012 Results Investor Relations Group EBITDA evolution (€mn) -4.9% 17,605 -938 184 +128 -35 +8 -39 +96 -87 16,738 1,585 97 1,681 Latam operations: 3,257 €mn Latam operations: 3,211 €mn 7,251 Iberian operations: 7,212 3,994 €mn S&H1 Iberian operations: Enel SpA – Investor Relations EGP 4,001
Slide 8: EBITDA evolution: G&EM Italy
Enel SpA 2012 Results Investor Relations EBITDA evolution: G&EM Italy (€mn) -42.5% 2,209 -233 -45 -267 -393 1,271 Enel SpA – Investor Relations FY11 Generation Gas Perimeter Other FY12 margin margin and revaluation effects 7
Slide 9: EBITDA evolution: Market Italy
Enel SpA 2012 Results Investor Relations EBITDA evolution: Market Italy (€mn) +22.8% +54 689 +74 561 Enel SpA – Investor Relations FY11 Free Regulated FY12 market market 8
Slide 10: EBITDA evolution: Infrastructure & Networks Italy
Enel SpA 2012 Results Investor Relations EBITDA evolution: Infrastructure & Networks Italy (€mn) -0.8% +200 -86 -149 4,173 4,138 Enel SpA – Investor Relations FY11 Energy Connection Other FY12 margin fees 9
Slide 11: EBITDA evolution: International
Enel SpA 2012 Results Investor Relations EBITDA evolution: International (€mn) +0.5% 1,642 +25 -58 +35 1,650 +6 490 525 52 58 289 231 Enel SpA – Investor Relations Russia France & Belgium SEE Centrel 811 836 FY11 Centrel1 SEE2 France Russia FY12 & Belgium3 1. Slovenské Elektrárne 2. Romanian, Bulgar
Slide 12: EBITDA evolution: Endesa - Iberia
Enel SpA 2012 Results Investor Relations EBITDA evolution1: Endesa - Iberia2 (€mn) +0.2% 3,994 +42 -158 +123 4,001 Enel SpA – Investor Relations FY11 Liberalized Regulated Other FY12 business business 1. Enel’s GAAP figures 2. Including Ireland and Marocco 11
Slide 13: EBITDA evolution: Endesa - Latam
Enel SpA 2012 Results Investor Relations EBITDA evolution1: Endesa - Latam (€mn) -1.4% 3,257 -277 +189 -107 +149 3,211 Enel SpA – Investor Relations FY11 Generation Distribution Other Forex FY12 effect 1. Enel’s GAAP figures 12
Slide 14: EBITDA evolution: Enel Green Power
Enel SpA 2012 Results Investor Relations EBITDA evolution: Enel Green Power (€mn) +6.1% +19.7% +106 -21 1,681 1,585 -181 +89 13 +103 197 181 1,404 34 34 91 91 497 408 408 Enel SpA – Investor Relations Enel.si North America Iberia and Latin America 974 871 871 Italy and Europe FY11 Other FY11 Italy a
Slide 15: Net debt evolution
Enel SpA 2012 Results Investor Relations Net debt evolution (€mn) (1) -1,681 December 31, Cash flow Capex Net Taxes Dividends3 Extra- December 31, 2011 from financial ordinary 2012 operations charges2 activities +1(4) +10(4) -44,629 -42,948 Enel SpA – Investor Relations -7,149 -2,730 -2,929 +16,156
Slide 16: Enel's debt maturity profile
Enel SpA 2012 Results Investor Relations Enel’s debt maturity profile (€bn) Total liquidity available Debt maturity profile ~30.1 ~23.7 Long term committed ~13.8 credit lines1 ~8.9 Enel SpA – Investor Relations ~7.2 ~5.1 ~5.2 Cash and ~4.7 cash ~9.9 ~1.0 equivalents2 Short term ~4.1 Long term 2012 2
Slide 17: 2013-2017 Strategic update
Enel SpA 2013-2017 Plan Investor Relations 2013-2017 Strategic update Fulvio Conti Enel SpA – Investor Relations 16
Slide 18: EBITDA profile (1/2)
Enel SpA 2013-2017 Plan Investor Relations Strategy overview EBITDA profile (1/2) 2005 2007 2012 Growth markets1 Growth markets1 Growth markets1 11% 23% 40% 89% 77% 60% Mature markets2 Mature markets2 Mature markets2 Enel SpA – Investor Relations CAGR3 +5.4% 16.7 €bn 10.0 €bn 7.8 €bn 2005 EBITDA 200
Slide 19: EBITDA profile (2/2)
Enel SpA 2013-2017 Plan Investor Relations Strategy overview EBITDA profile (2/2) 2012 2017 Growth markets1 Growth markets1 40% 45% Enel SpA – Investor Relations 60% 55% Mature markets2 Mature markets2 A consistent strategy going forward 1. Latam, renewables and Eastern Europe 2. Italy and Iberia 18
Slide 20: GDP and electricity demand
Enel SpA 2013-2017 Plan Investor Relations New assumptions GDP and electricity demand 2012-2017 CAGR 2013 expected Electricity Electricity GDP GDP Mature markets demand demand New Plan +0.6% +1.1% -1.0% -0.1% Italy Old Plan +1.1% +1.5% +0.3% +0.8% New Plan +0.7% +1.1% -1.5% -2.0% Spain1 Old Plan +1.
Slide 21: Commodities and CO2 scenario
Enel SpA 2013-2017 Plan Investor Relations New assumptions Commodities and CO2 scenario Brent ($/bbl) Coal ($/ton) CO2 (€/ton) 126 132 Old Plan Old Plan 102 100 103 128 = = = 24 116 Old Plan 23 115 16 102 100 103 103 Enel SpA – Investor Relations 18 4 9 2013 2015 2017 2013 2015 2017 2013 2015 2017 C
Slide 22: Key priorities
Enel SpA 2013-2017 Plan Investor Relations Key priorities Mature markets: protecting margins and cash flow generation Growth markets: increasing investments in Latam & Renewables Strengthening balance sheet & portfolio optimization Enel SpA – Investor Relations Complete Group’s reorganization includ
Slide 23: Mature markets: protecting margins and cash flow generation (costs)
Enel SpA 2013-2017 Plan Investor Relations Key priorities - Mature markets Protecting margins and cash flow generation Costs savings programme1 (€mn) Savings on ~4,060 Personnel costs: ~1,320 1.5 €bn (37%) ~850 ~210 External costs: ~470 2.6 €bn Enel SpA – Investor Relations (63%) 2013 2015 2017 2013
Slide 24: Mature markets: capex reallocation and capacity evolution
Enel SpA 2013-2017 Plan Investor Relations Key priorities - Mature markets Protecting margins and cash flow generation Capex reallocation and capacity evolution Capex (€bn) Capacity (GW) -3.5% -11.9% ~11.5 ~11.1 59 ~5.3 52 -13% ~4.6 Enel SpA – Investor Relations ~6.5 +5% ~6.2 Old Plan1 New Plan 2012
Slide 25: Growth markets: capex reallocation and capacity evolution
Enel SpA 2013-2017 Plan Investor Relations Key priorities - Growth markets Increasing investments in Latam & Renewables Capex reallocation and capacity evolution Capex (€bn) Capacity (GW) +2.5% +13.2% ~16.1 ~15.7 ~43 ~38 ~9.4 ~12 +8% ~8 ~8.7 Enel SpA – Investor Relations ~30 ~31 ~7.0 -4% ~6.7 Old Pl
Slide 26: Summary of our growth markets initiatives
Enel SpA 2013-2017 Plan Investor Relations Key priorities - Growth markets Increasing investments in Latam & Renewables Summary of our growth markets initiatives Actions Targets Latin America a. Increase in customer base a. ~400,000 new customers/year b. Development of new capacity b. Pipeline > 11
Slide 27: Disposals and Hybrid financing
Enel SpA 2013-2017 Plan Investor Relations Key priorities Strengthening balance sheet & portfolio optimization Disposals and Hybrid financing Disposals Hybrid financing Impact on net debt ~6 €bn • Total size : 5.0 €bn • Timing : 2013-2015 Enel SpA – Investor Relations • Refinancing : Starting from 2
Slide 28: Complete Group's reorganization including minorities buyout
Enel SpA 2013-2017 Plan Investor Relations Key priorities Complete Group’s reorganization including minorities buyout Net income ownership evolution ( Group Net Income / Total Net Income ) Old Plan 78% New Plan 70% 68% Enel SpA – Investor Relations 69% 69% 65% 2013 2015 2017 Simplifying Group’s stru
Slide 29: 2013-2017 cumulative cash flow available
Enel SpA 2013-2017 Plan Investor Relations Key priorities 2013-2017 cumulative cash flow available to net debt reduction and portfolio optimization (€bn) ~59 ~27 ~12.5 ~11 ~6 ~14.5 ~6.0 Enel SpA – Investor Relations ~8.5 ~8.5 2013-2017 Capex Net financial Dividends3 Cash flow Disposals Total cash De
Slide 30: Focus on divisions: Italian operations
Enel SpA 2013-2017 Plan Investor Relations Focus on divisions Italian operations Actions Targets a. First round of renegotiation completed, next a. Gas contracts renegotiation round to start in 2013 b. Full exploitation of coal dark spread b. >35 TWh of coal production per year G&EM c. Leverage on f
Slide 31: Italian operations: targets
Enel SpA 2013-2017 Plan Investor Relations Focus on divisions Italian operations: targets Capex (€bn) EBITDA (€bn) ~1.6 ~5.9 ~0.1 ~5.7 ~0.8 ~1.2 ~X.X ~0.4 ~0.7 ~0.1 ~1.0 ~0.3 ~1.0 Enel SpA – Investor Relations ~1.1 ~0.8 ~4.0 ~4.1 2013 2015 2013 2015 Infrastructure&Networks G&EM Market 30
Slide 32: Focus on divisions: Iberian operations
Enel SpA 2013-2017 Plan Investor Relations Focus on divisions Iberian operations Actions Targets a. Capex optimization a. -20% vs old Plan b. Focus on supply activities to preserve b. +7% (+7 TWh) electricity sales and Generation & margins +2% (+0.2 mn) free market clients by supply activities c. En
Slide 33: Focus on divisions: Latam operations
Enel SpA 2013-2017 Plan Investor Relations Focus on divisions Latam operations Actions Targets a. Demand supported by solid a. Increased electricity production and economic dynamics (avg. growth energy sold in 2017 vs. 2012 Generation & +4.4%) b. Pipeline > 11 GW supply activities b. Increase of ins
Slide 34: Iberian/Latam operations: targets
Enel SpA 2013-2017 Plan Investor Relations Focus on divisions Iberian/Latam operations: targets1 Capex (€bn) EBITDA (€bn) ~2.3 ~6.9 ~6.9 ~2.0 ~1.3 ~3.2 ~3.2 ~1.1 Enel SpA – Investor Relations ~1.0 ~3.7 ~3.7 ~0.9 2013 2015 2013 2015 Unregulated Regulated activities activities 1. Stand-alone targets f
Slide 35: Focus on divisions: International operations
Enel SpA 2013-2017 Plan Investor Relations Focus on divisions International operations Actions Targets a. ~92% availability factor on nuclear capacity a. Focus on availability already achieved Slovakia b. Full exploitation of new generation b. Higher capacity: +~1 GW in 2014-2015 capacity Higher pro
Slide 36: International operations: targets
Enel SpA 2013-2017 Plan Investor Relations Focus on divisions International operations: targets Capex (€bn) EBITDA (€bn) ~1.1 ~1.5 ~1.5 ~0.1 ~0.8 ~X.X ~0.2 ~X.X ~0.2 ~0.3 ~0.1 ~0.6 ~0.3 ~0.5 Enel SpA – Investor Relations ~0.8 ~0.4 ~0.7 ~0.7 2013 2015 2013 2015 Slovakia Russia Other 35
Slide 37: Focus on divisions: Enel Green Power
Enel SpA 2013-2017 Plan Investor Relations Focus on divisions Enel Green Power Actions Targets a. Strong increase in both additional a. Additional capacity vs. 2012: +40% (+3.2 GW) capacity and electricity production by 2015 and +55% (+4.4 GW) by 2017; higher Self financed production vs. 2012: +50%
Slide 38: Enel Green Power: targets
Enel SpA 2013-2017 Plan Investor Relations Focus on divisions Enel Green Power: targets Capex (€bn) EBITDA (€bn) ~2.4 ~1.8 ~1.3 ~1.3 Enel SpA – Investor Relations 2013 2015 2013 2015 37
Slide 39: Overall financial targets & Closing remarks
Enel SpA 2012 Results & 2013-2017 Plan Investor Relations Overall financial targets & Closing remarks Enel SpA – Investor Relations Fulvio Conti 38
Slide 40: Focus on net debt evolution
Enel SpA 2012 Results & 2013-2017 Plan Investor Relations Overall financial targets Focus on net debt evolution (€bn) Phase 1 Phase 2 2013 2014 2017 ~42 -5 ~37 stable ~36/37 Organic cash flows generation Minorities buyout & acquisitions Capex flexibility Selected organic growth Enel SpA – Investor R
Slide 41: Focus on economic results
Enel SpA 2012 Results & 2013-2017 Plan Investor Relations Overall financial targets1 Focus on economic results (€bn) 2013 2015 2017 • EBITDA2 • ~ 16.0 • ~ 16.0 ~ 17 - 18 • Ordinary net income • ~ 3.0 • ~ 3.3 ~4-5 Enel SpA – Investor Relations Dividend policy confirmed 1. Net of disposals 2. Recurrin
Slide 42: Closing remarks
Enel SpA 2012 Results & 2013-2017 Plan Investor Relations Closing remarks Protect margins and cash flow generation in mature markets Continue to focus on growth markets Deleverage and continued focus on financial stability Enel SpA – Investor Relations Complete the Group’s reorganization including m
Slide 43: Annexes
Enel SpA Investor Relations Annexes
Slide 44: Production mix
Enel SpA 2012 results - Operational Annexes Investor Relations Production mix (TWh) -5.7% 79.0 74.5 1.5% 1.8% 21.7% 14.9% Group production mix Italy 41.0% 48.4% +0.6% 7.8% 8.6% 293.9 295.8 28.0% 26.3% 12.9% 11.9% FY11 FY12 16.2 % 14.6% +3.0% 29.3% Enel SpA – Investor Relations 31.1% 13.4% 14.0% 214.
Slide 45: FY2012 Group total net installed capacity
Enel SpA 2012 results - Operational Annexes Investor Relations FY2012 Group total net installed capacity1: breakdown by source and location MW Hydro Other Nuclear Coal CCGT Oil & gas TOTAL ren. ST/OCGT Italy 13,681 1,572 - 6,745 5,916 12,026 39,940 Iberia 4,729 1,807 3,535 5,533 4,682(2) 3,768 24,05
Slide 46: FY2012 Group total net production
Enel SpA 2012 results - Operational Annexes Investor Relations FY2012 Group total net production1: breakdown by source and location GWh Hydro Other Nuclear Coal CCGT Oil & gas TOTAL ren. ST/OCGT Italy 19,609 6,387 - 36,016 11,081 1,343 74,436 Iberia 5,459 4,232 26,967 30,106 6,067(2) 9,827(3) 82,658
Slide 47: FY2012 renewables net installed capacity
Enel SpA 2012 results - Operational Annexes Investor Relations FY2012 renewables net installed capacity: breakdown by source and location MW Hydro Geothermal Wind Other TOTAL Italy & Europe 1,532 722 1,622 122 3,998 Iberia & Latam 789 - 1,862 113 2,764 Enel SpA – Investor Relations North America 313
Slide 48: FY2012 renewables net production
Enel SpA 2012 results - Operational Annexes Investor Relations FY2012 renewables net production: breakdown by source and location GWh Hydro Geothermal Wind Other TOTAL Italy & 5,305 5,235 2,495 116 13,151 Europe Iberia & 3,598 - 3,998 468 8,064 Latam Enel SpA – Investor Relations North 933 257 2,492
Slide 49: Group EBITDA: regulated/unregulated activities
Enel SpA 2012 results - Financial annexes Investor Relations Group EBITDA: regulated/unregulated activities FY2012 EBITDA 16,738 €mn Stability and high visibility 10% 52% 38% Enel SpA – Investor Relations Forward sales and hedging procurement contracts to protect Unregulated margin Regulated EGP 48
Slide 50: EBITDA evolution - Other
Enel SpA 2012 results - Financial annexes Investor Relations EBITDA evolution - Other1 (€mn) -47.3% 184 -42 -45 97 Enel SpA – Investor Relations FY11 Services Other FY12 1. Including Services & Holding, Engineering & Innovation, upstream gas and nuclear activities 49
Slide 51: Enel's long-term debt maturity profile
Enel SpA 2012 results - Financial annexes Investor Relations Enel’s long-term debt maturity profile (€mn) Endesa 30,121 Enel Group (excluding Endesa) 2,883 Bonds 2,934 Bank loans and others 1,123 27,238 8,862 7,119 1,170 Enel SpA – Investor Relations 4,668 5,189 1,355 4,057 709 1,146 7,692 1,896 5,7
Slide 52: Enel Group liquidity analysis
Enel SpA 2012 results - Financial annexes Investor Relations Enel Group liquidity analysis (€mn) Amount Outstanding Available Committed credit lines 21,957 5,913 16,044 (1) Cash and cash equivalents - (9,891) 9,891 Total 21,957 (3,978) 25,935 Uncommitted lines 1,549 141 1,408 Commercial paper 9,303
Slide 53: Debt structure
Enel SpA 2012 results - Financial annexes Investor Relations Debt structure1 • Average debt maturity: 6 years and 11 months • Average cost of gross debt2: 4.8% • (Fixed+hedged)/Total gross long-term debt: 75% • (Fixed+hedged)/Total net debt: 99% • Rating: Standard&Poor’s = BBB+/A-2 Negative Outlook
Slide 54: Enel's group financial debt evolution
Enel SpA 2012 results - Financial annexes Investor Relations Enel’s group financial debt evolution1 Enel Group (excluding Endesa) Endesa Group - Total €mn 12.31.2011 12.31.2012 12.31.2011 12.31.2012 12.31.2012 Bank loans – maturities > 12m 8,333 10,864 1,585 2,418 13,282 Bonds – maturities > 12m 32,
Slide 55: Enel's group financial debt by subsidiary
Enel SpA 2012 results - Financial annexes Investor Relations Enel’s group financial debt by subsidiary1 €mn Enel SpA Endesa EFI2 EIH2 Slovenské EP2 ED2 Other Total Bonds 17,132 5,408 21,393 297 - - - 213 44,443 Bank loans 492 2,728 3,728 - 915 582 3,200 2,351 13,996 Preference shares - 181 - - - - -
Slide 56: Enel's group financial debt
Enel SpA 2012 results - Financial annexes Investor Relations Enel’s group financial debt Average cost of net debt Average cost of gross debt Average residual maturity (years:months) 5.9% 6.1% 6:11 5.5% 4.9% 4.8% 6:8 4.6% 6:7 2010 2011 2012 2010 2011 2012 2010 2011 2012 Net financial debt (€bn) Fixed
Slide 57: Enel's long-term debt maturity profile
Enel SpA 2012 results - Financial annexes Investor Relations Enel’s long-term debt maturity profile (€mn) Enel Group (excluding Endesa) €mn <12m 2014 2015 2016 2017 After 2017 Bank loans 404 1,355 696 1,164 3,963 3,686 Bonds 1,685 2,114 3,723 4,518 3,669 23,326 Other 72 53 61 82 60 226 Total 2,161 3
Slide 58: Enel Group liquidity analysis excluding Endesa
Enel SpA 2012 results - Financial annexes Investor Relations Enel Group liquidity analysis excluding Endesa (€mn)1 Amount Outstanding Available Term loan (2017) 3,200 3,200 - 2009 credit facility for Endesa acquisition (2016) 617 617 - Revolving Credit Facility (2015)2 10,000 - 10,000 Other committe
Slide 59: Endesa liquidity analysis
Enel SpA 2012 results - Financial annexes Investor Relations Endesa liquidity analysis (€mn)1 Amount Outstanding Available Total committed credit lines 3,629 404 3,225 Other short-term bank debt – uncommitted lines 1,221 3 1,218 Total credit lines 4,850 407 4,443 Commercial paper issued by the Endes
Slide 60: Capex by business area
Enel SpA 2012 results - Financial annexes Investor Relations Capex by business area (€mn)1 -5.5% 7,484 82 7,075 163 1,557 1,257 2,491 2,497 Enel SpA – Investor Relations Other2 1,450 1,161 EGP Iberia & Latam International I&N 1,383 1,497 Market 90 97 G&EM 431 403 FY11 FY12 1. Continuing operations,
Slide 61: Balance sheet
Enel SpA 2012 results - Financial annexes Investor Relations Balance sheet €mn FY11 FY12 % Net financial debt 44,629 42,948 -3.8 Shareholders’ equity 54,300 53,158 -2.1 Net capital employed 98,929 96,106 -2.9 Enel SpA – Investor Relations 60
Slide 62: Generation & Energy Management - Italy
Enel SpA 2012 results - Financial annexes Investor Relations Generation & Energy Management - Italy €mn FY11 FY12 % Revenues 23,144 25,237 +9.0 EBITDA 2,209 1,271 -42.5 EBIT 1,617 685 -57.6 Capex 431 403 -6.5 Enel SpA – Investor Relations Headcount 6,277 6,043 -3.7 61
Slide 63: Market - Italy
Enel SpA 2012 results - Financial annexes Investor Relations Market - Italy €mn FY11 FY12 % Revenues 17,731 18,351 +3.5 EBITDA 561 689 +22.8 EBIT 141 183 +29.8 Capex 90 97 +7.8 Enel SpA – Investor Relations Headcount 3,745 3,674 -1.9 62
Slide 64: Infrastructure & Network - Italy
Enel SpA 2012 results - Financial annexes Investor Relations Infrastructure & Network - Italy €mn FY11 FY12 % Revenues 7,460 8,117 +8.8 EBITDA 4,173 4,138 -0.8 EBIT 3,259 3,144 -3.5 Capex 1,383 1,497 +8.2 Enel SpA – Investor Relations Headcount 18,951 18,632 -1.7 63
Slide 65: International
Enel SpA 2012 results - Financial annexes Investor Relations International €mn FY11 FY12 % Revenues 7,715 8,703 +12.8 EBITDA 1,642 1,650 +0.5 EBIT 1,062 978 -7.9 Capex 1,450 1,161 -19.9 Enel SpA – Investor Relations Headcount 13,779 12,652 -8.2 64
Slide 66: Iberia & Latam
Enel SpA 2012 results - Financial annexes Investor Relations Iberia & Latam €mn FY11 FY12 % Revenues 32,647 34,169 +4.7 EBITDA 7,251 7,212 -0.5 EBIT 4,057 1,657 -59.2 Capex 2,491 2,497 +0.2 Enel SpA – Investor Relations Headcount 22,877 22,807 -0.3 65
Slide 67: Enel Green Power
Enel SpA 2012 results - Financial annexes Investor Relations Enel Green Power €mn FY11 FY12 % Revenues 2,539 2,696 +6.2 EBITDA 1,585 1,681 +6.1 EBIT 1,080 1,121 +3.8 Capex 1,557 1,257 -19.3 Enel SpA – Investor Relations Headcount 3,229 3,512 +8.8 66
Slide 68: Other
Enel SpA 2012 results - Financial annexes Investor Relations Other1 €mn FY11 FY12 % Revenues2 2,356 2,017 -14.4 Holding 762 335 -56.0 Services 1,356 1,503 +10.8 Engineering & Innovation 386 311 -19.4 Upstream 2 2 - Enel SpA – Investor Relations EBITDA3 184 97 -47.3 Holding (38) (84) >100.0 Services
Slide 69: Other - Continued
Enel SpA 2012 results - Financial annexes Investor Relations Other1 - Continued €mn FY11 FY12 % EBIT2 62 (33) n.m. Holding (52) (97) +86.5 Services & other 132 84 -36.4 Engineering & Innovation (1) 2 n.m. Upstream (17) (19) +11.8 Capex 82 163 +98.8 Holding 13 8 -38.5 Enel SpA – Investor Relations Se
Slide 70: EBIT by business area
Enel SpA 2012 results - Financial annexes Investor Relations EBIT by business area (€mn) -31.4% 11,278 62 1,080 7,735 4,057 Other1 1,121 +3.8% EGP Iberia & Latam 1,657 -59.2% 1,062 Enel SpA – Investor Relations International 978 -7.9% I&N Market 3,259 G&EM 3,144 -3.5% 141 183 +29.8% 1,617 -57.6% 685
Slide 71: Disclaimer
Enel SpA Investor Relations 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 are
Slide 72: Contact us
Enel SpA Investor Relations Contact us Investor Relations Team (investor.relations@enel.com) • Luca Torchia (Head of IR) +39 06 8305 3437 • Pedro Cañamero (IR Coordination) +39 06 8305 5292 • Elisabetta Ghezzi (Outbound communication) +39 06 8305 2708 • Marco Donati (Inbound communication) +39 06 83
Slide 73: Investor Relations
Enel SpA Investor Relations 72