Slide 1: FY 2015 consolidated results
FY 2015 consolidated results March 23, 2016
Slide 2: Agenda
FY 2015 consolidated results Agenda Delivery on strategic plan Financial results Business analysis Closing remarks 1
Slide 3: Delivery on strategic plan
FY 2015 consolidated results Delivery on strategic plan
Slide 4: Opening remarks
FY 2015 consolidated results Opening remarks Operational efficiency delivering ahead of plan +1.9 GW of additional capacity +0.5 mn end users in Latam and +2 mn digital meters installed New regulatory framework for distribution in Italy in line with expectations and supportive for investments Restru
Slide 5: Financial targets delivered
FY 2015 consolidated results Financial targets delivered 2015 2015 target vs. target 2014 ∆ yoy Recurring EBITDA (€bn) 15.0 15.0 In line 15.5 -3% Net ordinary income (€bn) 2.9 3.0 In line 3.0 -3% DPS (€/sh) 0.16 0.16 In line 0.14 +14% Net debt (€bn) 37.5 38.0 Ahead 37.4 -% FFO/Net debt 25% 23% A
Slide 6: Delivery on strategic pillars
FY 2015 consolidated results Delivery on strategic pillars 2016-19 strategic plan targets 2015 achievements 1 Operational efficiency Total savings of 0.45 €bn Cash costs 2015 target: -0.4 €bn 2 Industrial growth 0.4 €bn 2015 growth EBITDA target achieved Growth EBITDA 2015 target: +0.4 €bn 70% of
Slide 7: Operational efficiency: opex evolution
FY 2015 consolidated results Operational efficiency: opex evolution Opex evolution1 (€bn) Opex by business2 -3% -18% Networks -2% €/end user 58.5 56.8 47.9 FY 2014 FY 2015 2019 +4% -20% - 0.1 (0.3) Renewables k€/MW 76.0 78.7 61.0 9.3 9.1 FY 2014 FY 2015 2019 -9% -10% Conventional Generation3 43.9 39
Slide 8: Industrial growth: operational achievements
FY 2015 consolidated results Industrial growth: operational achievements Networks Retail Renewables Conventional generation 2015 2015-19 2015 2015-19 2015 2015-19 2015 2015-19 Free End users +0.5 mn +3.6 mn +1 mn +4.1 mn Additions +1.5 GW +9.2 GW Additions +0.4 GW +0.6 GW customers Smart meter +2 mn
Slide 9: Industrial growth: capex in execution
FY 2015 consolidated results Industrial growth: capex in execution1 2016-19 growth capex In execution by geography In execution by business By year By COD2 4%2% 11% 2016 53% 2016 37% 18% 51% 2017 32% 2017 41% 57% 30% 17 €bn 40% 6.7 €bn 6.7 €bn 59% 12% 2018 12% 2018 22% 13% 3% 2019 3% In execution La
Slide 10: Industrial growth: growth EBITDA
FY 2015 consolidated results Industrial growth: growth EBITDA Growth EBITDA (€bn) 2015 growth EBITDA by business 70% of 2017 growth EBITDA Already covered already secured by projects in 8% 12% execution 70% of cumulative EBITDA 1.4 2015-19 already secured 32% 0.4 €bn 0.8 Spread over WACC >200 bps
Slide 11: Group simplification: update on EGP integration and Latam restructuring
FY 2015 consolidated results Group simplification: update on EGP integration and Latam restructuring Enel Green Power integration Latam restructuring EGMs approved integration EGMs approved spin-offs 11-Jan-16 and reference exchange ratio 18-Dec-15 and reference exchange ratio 14-Mar-16 No creditor
Slide 12: Active portfolio management
FY 2015 consolidated results Active portfolio management ~6 €bn ~6 €bn Disposals already finalized1 (€bn) Cashed-in12 Additional Slovenske Elektrarne3 1.8 - growth 0.7 €bn capex in 2015 >2 EGP Portugal 0.5 0.5 Minority EGP North America 0.4 0.4 0.1 €bn buy-outs in 2015 <2 SE Hydropower - SF Energy
Slide 13: Shareholder remuneration
FY 2015 consolidated results Shareholder remuneration Dividend policy Minimum DPS1 (€/sh) +13% CAGR +14% 0.18 65% 65% 0.16 55% 60% 0.14 50% 2015 2016 2017 2018 2019 2014 2015 2016 45% 55% 60% Implicit payout Proposed dividend payment on 2015 results of 0.16 € per share Implicit payout ratio of 5
Slide 14: Financial results
FY 2015 consolidated results Financial results
Slide 15: Highlights of the period
FY 2015 consolidated results Highlights of the period Resilient EBITDA thanks to well diversified activities Cash cost reduced by 3% Acceleration of savings in 2016 Earnings before taxes up 9% Group net income down by 3% due to negative one off tax effect Asset rotation: 1.6 €bn cashed in Additional
Slide 16: Financial highlights (€mn)
FY 2015 consolidated results Financial highlights (€mn) FY 2015 FY 2014 ∆ yoy Revenues 75,658 75,791 -% EBITDA reported 15,297 15,757 -3% Ordinary EBITDA1 15,040 15,502 -3% EBIT reported 7,685 3,087 +149% Ordinary EBIT 9,215 9,259 -% Group net income reported 2,196 517 +329% Group net ordinary incom
Slide 17: Market context in the period
FY 2015 consolidated results Market context in the period (change yoy) Electricity demand Average spot power prices (€/MWh) Currencies vs. euro1 Italy 1.5% 52.1 Italy -% USD/EUR 21% 52.3 42.0 Spain 1.6% Spain +20% 50.3 CLP/EUR 8% 100.8 Chile 2.8% Chile -19% 82.0 COP/EUR -5% 4.1% 85.3 Colombia Colomb
Slide 18: Operational highlights
FY 2015 consolidated results Operational highlights Installed capacity (GW) Net production (TWh) -7% -% 96.1 89.7 Renewables1 9.6 10.5 Conventional 283 284 86.5 79.2 generation Load factor 34% 36% FY 2014 FY 2015 FY 2014 FY 2015 Electricity distributed (TWh) Number of customers2 (mn) +2% +1% 411 417
Slide 19: Operational highlights – Generation
FY 2015 consolidated results Operational highlights – Generation Installed capacity (GW) Net production (TWh) -7% -% - (6.6) 5.9 (8.4) 96.1 0.7 2.8 283.1 284.0 (0.6) 0.8 89.7 FY 2014 Nuclear Thermal Hydro 1 Other FY 2015 FY 2014 Nuclear Thermal Hydro1 Other FY 2015 Renewables 2 Renewables 2 1. Decon
Slide 20: Operational highlights – Distribution
FY 2015 consolidated results Operational highlights – Distribution Electricity distributed (TWh) End users (mn) +2% +1% 1.8 0.4 0.5 3.6 0.4 0.1 417.4 61.3 60.8 411.1 FY 2014 Italy Iberia Latam East FY 2015 FY 2014 Latam Rest of FY 2015 Europe World 19
Slide 21: Ordinary EBITDA evolution (€bn)
FY 2015 consolidated results Ordinary EBITDA evolution (€bn) -3% 0.3 (0.9) 0.6 (1.5) 0.4 0.5 (0.1) 0.2 15.5 15.0 Total personnel (0.9) FY 2014 Growth Efficiency Scenario Forex Release Release Early Other FY 2015 ordinary hydraulicity nuclear employees retirement ordinary & regulatory provisions bene
Slide 22: Ordinary EBITDA breakdown (€mn)
FY 2015 consolidated results Ordinary EBITDA breakdown (€mn) By geography1 By business1 9% 21% 11% 47% 30% 15 €bn 15 €bn 20% 39% 11% 12% Latam Iberia Networks Generation Italy Renewables Retail Renewables East Europe Regulated / quasi-regulated 70% of total EBITDA from regulated and quasi-regulated
Slide 23: Group ordinary EBITDA by business (€mn)
FY 2015 consolidated results Group ordinary EBITDA by business (€mn) -3% 306 (393) Retail (63) 16 56 (384) Retail 1,915 €mn 15,502 1,826 €mn Renewables Provisions (€mn) 15,040 Renewables 1,815 €mn Networks (439) 1,710 €mn Generations (179) Generation Renewables (42) Generation Retail (105) 4,555 €mn
Slide 24: Group ordinary EBITDA by geography (€mn)
FY 2015 consolidated results Group ordinary EBITDA by geography (€mn) -3% Renewables Renewables 1,815 €mn 271 82 (452) 1,710 €mn 131 (63) (47) (384) East Europe East Europe 1,210 €mn 15,502 1,308 €mn Provisions (€mn) 15,040 Latam Latam 3,092 €mn Italy (467) 3,167 €mn Iberia (363) Iberia Latam (7) Ib
Slide 25: From ordinary EBITDA to net ordinary income (€mn)
FY 2015 consolidated results From ordinary EBITDA to net ordinary income (€mn) (5,825) 15,040 (2,404) 9,215 (2,280) (1,644) 6,811 2,887 Ordinary D&A EBIT Financial EBT Income Minorities Group EBITDA expenses taxes 2 net ordinary & other 1 income FY 2014 (€bn) 15.5 (6.2) 9.3 (3.0) 6.3 (2.0) 1.3 3.0 C
Slide 26: From reported Group net income to Group net ordinary income (€mn)
FY 2015 consolidated results From reported Group net income to Group net ordinary income (€mn) 909 (218) 182 3,069 2,887 2,196 Reported Impairment 1 Extraordinary Group net Deferred Pro-forma Group net items 2 ordinary taxes Group net income income budget law ordinary Italy income 2014 517 4,062 (1,
Slide 27: Cash flow (€mn)
FY 2015 consolidated results Cash flow (€mn) (932) (427) (1,516) 15,040 (2,709) (7,762) 9,456 3,329 Maintenance 4,433 Growth (2,199) 1,259 754 1,694 (505) Ordinary Provisions 1 Working Income Financial FFO 3 Capex Free Net Net free Extraordinary Net free EBITDA capital taxes expenses 2 cash divi
Slide 28: Net debt evolution (€mn)
FY 2015 consolidated results Net debt evolution (€mn) +162 Dec 31, 2014 2014 2015 Dec 31, 2015 on continuing asset held Net free Extraordinary asset held on continuing operations for sale cash flow Forex activities1 for sale 2 operations 37,383 37,545 (620) 841 (505) (1,137) 1,259 Net debt reduction
Slide 29: Debt and financial expenses (€mn)
FY 2015 consolidated results Debt and financial expenses (€mn) Gross and net debt Gross debt breakdown1 Net financial expenses on debt -7% Cost of debt -7% 5.1% 5.0% 5 .1 % 57,032 6.3% 52,760 7% 8% 4 .9 % 13,088 6.7% 20% 6.3% 10,640 21% 4 .7 % 6,561 4,575 19% 7.1% 19% 4 .5 % 2.5% 2.7% 4 .3 % 2
Slide 30: Business analysis
FY 2015 consolidated results Business analysis
Slide 31: Operational efficiency (€mn)
FY 2015 consolidated results Operational efficiency1 (€mn) Maintenance capex Opex Cash cost -7% -2% -3% 12,838 12,413 9,252 9,085 3,585 3,329 FY 2014 FY 2015 FY 2014 FY 2015 FY 2014 FY 2015 2015 target: 3.4 €bn 2015 target: 9.1 €bn 2015 target: 12.5 €bn 2016 target: 3.1 €bn 2016 target: 8.5 €bn 2016
Slide 32: EBITDA Italy by business (€mn)
FY 2015 consolidated results EBITDA Italy by business (€mn) -5% 177 (339) 317 (24) (467) 6,293 Retail Retail 5,957 1,124 €mn 1,336 €mn Generation Generation 1,107 €mn 656 €mn Networks Networks 3,935 €mn 3,933 €mn FY 2014 Infrastructures Generation Retail Services Provisions FY 2015 ordinary & Networ
Slide 33: Enel Green Power: operational growth
FY 2015 consolidated results Enel Green Power: operational growth Additional capacity progression (GW) Net production (TWh) +6% Projects in executions & contracted 2.1 7.7 7.1 1.5 3.2 (1.2) 0.1 (0.3) 5.6 33.6 31.8 75% 55% 2015-19 COD 2015-19 2016-19 2016-19 FY 2014 Additional Resource Technical Pe
Slide 34: Enel Green Power: EBITDA analysis (€mn)
FY 2015 consolidated results Enel Green Power: EBITDA analysis (€mn) -6% 178 (27) (160) 102 (42) (21) (155) North America 1,815 North America 276 €mn 1,710 352 €mn Latin America Latin America 202 €mn 364 €mn Europe3 Europe3 1,337 €mn 994 €mn FY 2014 Growth Efficiency Scenario Forex Personnel Perimet
Slide 35: Merchant exposure: focus on Italy & Iberia (€mn)
FY 2015 consolidated results Merchant exposure: focus on Italy & Iberia (€mn) 2015 Group EBITDA 2015 EBITDA Italy & Iberia 2015 net production Italy & Iberia 12% 16% 36% 15 €bn 9.9 €bn 146 TWh 43% 88% 84% 21% Price driven Merchant exposure 1 Merchant exposure 1 Spread driven 2 Non merchant exposure
Slide 36: Closing remarks
FY 2015 consolidated results Closing remarks
Slide 37: Closing remarks
FY 2015 consolidated results Closing remarks 2015 financial targets met Delivery on all key strategic pillars in line with guidance Further flexibility from active portfolio management 2016 financial targets confirmed 36
Slide 38: Annexes
FY 2015 consolidated results Annexes
Slide 39: Market context in the period
FY 2015 consolidated results Market context in the period Brent $/bbl Coal $/ton CO2 €/ton 94.0 76.0 7.4 7.0 60.0 59.0 63.0 6.1 51.0 FY 2014 FY 2015 FY 2015E FY 2014 FY 2015 FY 2015E FY 2014 FY 2015 FY 2015E Average FX USD/€ Average FX CLP/€ Average FX BRL/€ 1.37 1.13 1.13 760 3.14 3.35 3.03 705 718
Slide 40: Capex
FY 2015 consolidated results Capex1 By activity By business By geography 43% 2% 12% 8% 32% 36% 43% 7.8 €bn 7.8 €bn 7.8 €bn 24% 2% 57% 28% 13% Networks Generation Latam Iberia Retail Renewable Italy Row Energy Maintenance Growth Other East Europe 1. Gross of contribution. Includes assets held for sal
Slide 41: Currency exposure
FY 2015 consolidated results Currency exposure Gross long term debt by currency Gross long term debt by currency after swap 61% 86% 51.2 €bn 2% 51.2 €bn 3% 11% 1% 6% 2% 3% 19% 3% 1% 2% EUR USD BRL CLP EUR USD BRL COP Other GBP CLP COP Other 40
Slide 42: Gross debt maturity profile and structure
FY 2015 consolidated results Gross debt maturity profile and structure Debt maturity Interest rate composition Third party debt composition 37% 1% 24% 21% 8% 8% 76% 79% 3% 37% 6% Enel SpA EFI Italy Iberia Maturity < 2017 Maturity > 2017 Floating Fixed + Hedged Latam Renewable Energy EE & Other 41
Slide 43: Forward sales
FY 2015 consolidated results Forward sales Italy Spain Chile 85% 100% 100% 90% 75% 25% 20% 2016 2017 2016 2017 2016 2017 2019 47 42 57 52 72 70 67 CSS1 4.4 - - - CDS2 17.4 16.5 10.5 12.0 Colombia Peru Brazil 90% 90% 100% 100% 100% 100% 100% 75% 80% 2016 2017 2019 2016 2017 2019 2016 2017 2019 46 50
Slide 44: Operational efficiency: opex (€mn)
FY 2015 consolidated results Operational efficiency: opex (€mn) +5% -2% 9,138 114 9,252 9,581 9,085 (496) 3,665 Personnel 4,550 4,618 -% 4,610 9,787 9,267 External costs 6,594 5,237 5,283 -3% 5,153 Capitalized costs -649 -649 -678 -678 FY 2014 One-offs1 FY 2014 FY 2015 One-offs1 FY 2015 reported adj
Slide 45: From EBITDA to net income (€mn)
FY 2015 consolidated results From EBITDA to net income (€mn) 2014 2014 2015 2015 reported ∆ yoy ordinary ∆ yoy reported 1 ordinary 1 restated restated EBITDA 15,297 15,757 -2.9% 15,040 15,502 -3.0% D&A (7,612) (12,670) (5,825) (6,243) EBIT 7,685 3,087 n.s. 9,215 9,259 -0.5% Net financial charges (2,
Slide 46: Focus on taxes (€mn)
FY 2015 consolidated results Focus on taxes (€mn) 371 (197) 2,280 2,083 1,909 Reported Impairment Ordinary Deferred Pro-forma income & capital gains income taxes income taxes taxes budget law taxes Italy Extraordinary Ordinary items items 45
Slide 47: EBITDA reported Global Infrastructures & Networks (€mn)
FY 2015 consolidated results EBITDA reported1 Global Infrastructures & Networks (€mn) -2% Italy Italy 3,935 €mn (2) (116) 3,933 €mn (24) 2 Iberia 7,374 Iberia 7,234 1,759 €mn 1,643 €mn Latam Latam 1,422 €mn 1,398 €mn East Europe East Europe 258 €mn 260 €mn FY 2014 Italy Iberia Latam East Europe FY 2
Slide 48: EBITDA reported Global Generation & Trading (€mn)
FY 2015 consolidated results EBITDA reported1 Global Generation & Trading (€mn) +3% Italy Italy 1,157 €mn 236 141 106 797 €mn (360) Iberia 4,593 4,716 Iberia 799 €mn 1,035€mn Latam Latam 1,702 €mn 1,843 €mn East Europe East Europe 935 €mn 1,041 €mn FY 2014 Italy Iberia Latam East Europe FY 2015 1. E
Slide 49: EBITDA reported Renewable Energies (€mn)
FY 2015 consolidated results EBITDA reported Renewable Energies (€mn) -6% (350) 162 76 Europe1 Europe1 1,460 €mn 1,938 1,110 €mn 1,826 Latin Latin America America 202 €mn 364 €mn North North America America 276 €mn 352 €mn FY 2014 Europe 1 Latin America North America FY 2015 1. Includes Italy, Iberi
Slide 50: EBITDA reported Italy (€mn)
FY 2015 consolidated results EBITDA reported Italy (€mn) -4% Networks Networks (2) 212 3,933 €mn 3,935 €mn (360) (95) 6,343 Generation 6,098 Generation 1,157 €mn 797 €mn Retail Retail 1,124 €mn 1,336 €mn Services Services 127 €mn 32 €mn FY 2014 Infrastructure Generation Retail Services FY 2015 & Net
Slide 51: EBITDA reported Latam (€mn)
FY 2015 consolidated results EBITDA reported Latam (€mn) Argentina +2% Argentina 29 €mn 280 €mn Brazil 141 Brazil (24) (42) 791 €mn 491 €mn 3,092 3,167 Chile Chile 743 €mn 938 €mn Colombia Colombia 1,097 €mn 973 €mn Peru Peru 432 €mn 485 €mn FY 2014 Infrastructure Generation Other FY 2015 & Networks
Slide 52: EBITDA reported Iberia (€mn)
FY 2015 consolidated results EBITDA reported Iberia (€mn) -3% Generation 236 Generation (116) (301) 89 1,035 €mn 799 €mn 3,203 3,111 Networks Networks 1,759 €mn 1,643 €mn Retail Retail 780 €mn 479 €mn Other Other -135 €mn -46 €mn FY 2014 Infrastructure Generation Retail Other FY 2015 & Networks & Tr
Slide 53: EBITDA reported East Europe (€mn)
FY 2015 consolidated results EBITDA reported East Europe (€mn) +8% Russia 334 (18) Russia 358 €mn (194) 164 €mn (24) 1,308 1,210 Romania Romania 305 €mn 281 €mn Slovakia Slovakia 537 €mn 871 €mn Other Other 10 €mn -8 €mn FY 2014 Russia Romania Slovakia Other FY 2015 52
Slide 54: EBITDA reported matrix (€mn)
FY 2015 consolidated results EBITDA reported matrix (€mn) Global Generation Global Infrastructures Renew able Services Retail Total & Trading & Netw orks Energies & Other FY 2015 FY 2014 FY 2015 FY 2014 FY 2015 FY 2014 FY 2015 FY 2014 FY 2015 FY 2014 FY 2015 Italy 797 1,157 3,933 3,935 - - 1,336 1,1
Slide 55: Debt structure by instrument (€bn)
FY 2015 consolidated results Debt structure by instrument (€bn) Renewable East Europe Debt by instrument Enel SpA EFI Italy Iberia Latam Total Energies & Other Bonds 17.57 19.22 - 0.11 3.26 - 0.40 40.56 Bank Loans - - 3.32 0.67 0.41 2.99 0.32 7.71 Tax Partnership - - - - - 1.17 - 1.17 Other Loans -
Slide 56: Debt maturity coverage split by typology (€bn)
FY 2015 consolidated results Debt maturity coverage split by typology (€bn) 24.0 24.4 4.9 Available 13.4 committed credit lines1 7.9 19.5 7.0 Short term 2 2.2 4.9 5.2 Cash 1.3 10.6 1.1 3.4 Bank Loans and 0.9 0.9 Others 5.7 0.9 4.6 4.0 4.3 Bonds 2.5 2015 2016 2017 2018 2019 2020 After 2020 1. Of whic
Slide 57: Balance sheet
FY 2015 consolidated results Balance sheet FY 2014 €mn FY 2015 ∆ yoy restated Net financial debt 37,545 37,383 0.4% Shareholders’ equity 51,751 51,145 1.2% Net capital employed 89,296 88,528 0.9% 56
Slide 58: Italy
FY 2015 consolidated results Italy Generation & Trading Infrastructure & Networks Retail Other and Elisions Total FY 2014 FY 2014 FY 2014 FY 2014 FY 2014 €mn FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy restated restated restated restated restated Revenues 23,174 22,586 2.6%
Slide 59: Iberia
FY 2015 consolidated results Iberia Generation & Trading Infrastructures & Networks Retail Other and Elisions Total FY 2014 FY 2014 FY 2014 FY 2014 FY 2014 €mn FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy restated restated restated restated restated Revenues 6,301 6,225 1.2%
Slide 60: Latam
FY 2015 consolidated results Latam FY 2014 €mn FY 2015 ∆ yoy restated Revenues 10,627 9,648 10.1% EBITDA 3,167 3,092 2.4% EBIT 2,241 1,549 44.7% Capex 1 1,819 1,609 13.1% Headcount 12,211 12,301 -0.7% 1. Gross of contributions 59
Slide 61: Chile
FY 2015 consolidated results Chile Generation & Trading Infrastructures & Networks Other and Elisions Total FY 2014 FY 2014 FY 2014 FY 2014 €mn FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy restated restated restated restated Revenues 2,086 1,647 26.7% 1,201 1,076 11.6% 40 51 -21.6% 3,327
Slide 62: Argentina
FY 2015 consolidated results Argentina Generation & Trading Infrastructures & Networks Other and Elisions Total FY 2014 FY 2014 FY 2014 FY 2014 €mn FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy restated restated restated restated Revenues 287 220 30.5% 838 492 n.s 2 - n.s 1,127 712 58.3% E
Slide 63: Brazil
FY 2015 consolidated results Brazil Generation & Trading Infrastructures & Networks Other and Elisions Total FY 2014 FY 2014 FY 2014 FY 2014 €mn FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy restated restated restated restated Revenues 345 488 -29.3% 2,431 2,511 -3.2% (5) (5) 0.0% 2,771 2,
Slide 64: Colombia
FY 2015 consolidated results Colombia Generation & Trading Infrastructures & Networks Other and Elisions Total FY 2014 FY 2014 FY 2014 FY 2014 €mn FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy restated restated restated restated Revenues 1,037 959 8.1% 1,122 1,157 -3.0% - - n.s. 2,159 2,11
Slide 65: Peru
FY 2015 consolidated results Peru Generation & Trading Infrastructures & Networks Other and Elisions Total FY 2014 FY 2014 FY 2014 FY 2014 €mn FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy restated restated restated restated Revenues 602 530 13.6% 642 522 23.0% (1) - n.s. 1,243 1,052 18.2%
Slide 66: Renewable Energies
FY 2015 consolidated results Renewable Energies FY 2014 €mn FY 2015 ∆ yoy restated Revenues 3,011 2,921 3.1% EBITDA 1,826 1,938 -5.8% EBIT 879 1,124 -21.8% Capex 1 2,466 1,658 48.7% Headcount 4,309 3,609 19.4% 1. Gross of contributions 65
Slide 67: East Europe
FY 2015 consolidated results East Europe Slovakia Russia Romania Other Total FY 2014 FY 2014 FY 2014 FY 2014 FY 2014 €mn FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy restated restated restated restated restated Revenues 2,401 2,494 -3.7% 1,062 1,494 -28.9% 1,004 1,021 -1.7%
Slide 68: Services & Holding
FY 2015 consolidated results Services & Holding1 Hoding Upstream Total FY 2014 FY 2014 FY 2014 €mn FY 2015 ∆ yoy FY 2015 ∆ yoy FY 2015 ∆ yoy restated restated restated Revenues 837 941 -11.1% 15 84 -82.1% 852 1,025 -16.9% EBITDA (207) (90) n.s. (6) 61 n.s. (213) (29) n.s. EBIT (246) (128) n.s. (96)
Slide 69: Capex by business (€mn)
FY 2015 consolidated results Capex by business1 (€mn) +6% 6,701 7,113 S&H2 52 +16% 45 Renewable Energies 1,658 2,466 +49% Services&Holding 2 Latam Renewable Energies +13% 1,609 Latam 1,819 Iberia Iberia -1% 993 East Europe 985 East Europe Italy 936 -75% 229 Italy 1,460 1,562 +7% FY 2014 FY 2015 1. C
Slide 70: Production mix (TWh)
FY 2015 consolidated results -5% Production mix (TWh) 71.8 68.5 0.4% 0.6% 8.6% 10.4% Group production mix 49.2% 52.5% Italy -% 9.7% 10.4% 283.1 284.0 32.1% 26,1% 10.5% 10.1% 13.2% 14.3% FY 2014 FY 2015 29.0% 30.2% +2% 13.8% 14.0% 7.2% 8.2% 211.3 215.5 26.3% 23.2% 13.9% 13.1% 14.8% 15.5% FY 2014 FY 2
Slide 71: Group total net installed capacity: breakdown by technology and geography
FY 2015 consolidated results Group total net installed capacity: breakdown by technology and geography Other Oil&Gas MW Large Hydro Hydro Nuclear Coal CCGT Total renewables ST/OCGT Italy 10,893 1,514 1,565 - 6,478 5,199 5,066 30,715 Iberia 4,721 43 1,663 3,318 5,305 5,445 2,417 22,912 Latam 9,218 73
Slide 72: Group total net production: breakdown by technology and geography
FY 2015 consolidated results Group total net production: breakdown by technology and geography Other Oil&Gas GWh Large Hydro Hydro EGP Nuclear Coal CCGT Total renewables ST/OCGT Italy 11,939 5,974 7,110 - 35,954 7,147 394 68,518 Iberia 7,175 75 4,309 25,756 26,139 7,495 6,495 77,444 Latam 34,012 3,5
Slide 73: EGP net installed capacity: breakdown by technology and geography
FY 2015 consolidated results EGP net installed capacity: breakdown by technology and geography MW Hydro Geothermal Wind Other Total Italy 1,514 761 720 49 3,044 Iberia 43 - 1,616 46 1,705 Latam 732 - 1,236 199 2,167 Romania - - 498 36 534 North America 316 72 2,090 29 2,507 1 Rest of Europe 19 - 242
Slide 74: EGP net production: breakdown by technology and geography
FY 2015 consolidated results EGP net production: breakdown by technology and geography GWh Hydro Geothermal Wind Other Total Italy 5,974 5,809 1,118 175 13,076 Iberia 75 - 4,094 214 4,383 Latam 3,504 - 2,929 277 6,710 Romania - - 1,286 44 1,330 North America 849 396 6,078 45 7,368 Rest of Europe 1 2
Slide 75: EGP projects in execution: breakdown by technology and geography (MW)
FY 2015 consolidated results EGP projects in execution1: breakdown by technology and geography (MW) Business unit Wind Hydro Geo Solar Other Total Italy 8 11 - - 17 36 Greece 154 - - - - 154 Europe 162 11 - - 17 190 Brazil 442 102 - 807 - 1,351 Chile 224 - 38 318 - 580 Costa Rica - 50 - - - 50 Mexic
Slide 76: EGP projects under construction: breakdown by technology and geography (MW)
FY 2015 consolidated results EGP projects under construction 1: breakdown by technology and geography (MW) Business unit Wind Hydro Geo Solar Other Total Italy 8 11 - - 15 34 Greece - - - - - - Europe 8 11 - - 15 34 Brazil 180 102 - 254 - 536 Chile 224 - 38 318 - 580 Costa Rica - 50 - - - 50 Mexico
Slide 77: EGP projects ready to build: breakdown by technology and geography (MW)
FY 2015 consolidated results EGP projects ready to build 1: breakdown by technology and geography (MW) Business unit Wind Hydro Geo Solar Other Total Italy - - - - 2 2 Greece 154 - - - - 154 Europe 154 - - - 2 156 Brazil 262 - - 553 - 815 Chile - - - - - - Costa Rica - - - - - - Mexico - - - - - - P
Slide 78: Contact us
FY 2015 consolidated results Contact us Investor Relations Team (investor.relations@enel.com) Tel. +39 06 8305 7975 Visit our website at: www.enel.com (Investor Relations) 77
Slide 79: Disclaimer
FY 2015 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