PRESENTACIÓN JGA IBERDROLA RENOVABLES 2011. INGLÉS

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Presentacion de la Junta General de Accionistas 2011, en ingles

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PRESENTACIÓN JGA IBERDROLA RENOVABLES 2011. INGLÉS

  1. 1. ContentsOperating ResultsFinancial ResultsKeys for consolidation
  2. 2. 2010 Operating Results Installed capacity reaches 12,532 MW (+16.5%) United Kingdom Rest of Europe 932 MW 1,115 MWUnited States 4,634 MW Latin America 155 MW Spain 5,697 MW 1,780 new MW and additional 1,226 MW under construction 3
  3. 3. 2010 Operating Results Production stands at 25,405 GWh, up 18% from 2009 … Breakdown by 2010 Production Geographical Area 25,405 +18% 2010 Spain US UK Other … with significant growth in the US (+32%) and Rest of World (+22%) 4
  4. 4. 2010 Operating Results Gross investments total EUR 2,935 million Investments Spain US UK Other Other Tech. Gas Almost USD 1 billion in grants in the US during 2009 and 2010 5
  5. 5. 2010 Operating Results Entorno económico, energético y regulatorio Over 1,000 MW installed in the US in 2010 Buffalo Ridge II Wind Farm, 210 MW (South Dakota, United States) 6
  6. 6. 2010 Operating Results Entorno económico, energético y regulatorio Work begun on the largest wind farm in EuropeExpansion of the Whitelee Wind Farm, 593 MW(Scotland, United Kingdom) 7
  7. 7. 2010 Operating Results Doubling of installed capacity in Hungary Csoma I Wind Farm (Hungary) Scott Wind Farm (Hungary) 8
  8. 8. 2010 Operating Results 400 MW installed in Spain in 2010 Cañoneras I and II Wind Farm El Andévalo Wind Farm Complex (Cantabria, Spain) (Huelva, Spain) 9
  9. 9. ContentsOperating ResultsFinancial ResultsKeys for Consolidation
  10. 10. 2010 Financial Results Gross Margin grows 12% to EUR 2,025 million … 2010 Breakdown by Geographical Area Spain US UK Other Gas … with the Renewable Business contributing EUR 1,976 million (+20%) 11
  11. 11. 2010 Financial Results Efficiency improves by 3.8% Cost per average operating MW (kEur/MW) 47 - 3.8% 45 2009 2010 12
  12. 12. 2010 Financial Results Renewable EBITDA grows by 19.4%... Renewable EBITDA (EUR million) 1,449 + 19.4% 1,214 2009 2010 … and consolidated EBITDA increases 9.8% to EUR 1,456 million 13 13
  13. 13. 2010 Financial Results Cash flow generation* increases by 11.5%... Funds From Operations (EUR million) 1,123 + 11.5% 1,008 2009 2010 … with Net Profit at EUR 360 million*FFO= Net Profit + Amortization/Depreciation – Investments included by Equity Method – Non-Recurring Profits 14
  14. 14. 2010 Financial Results Total assets of EUR 25,849 million … Balance Sheet Shareholder’s equity 46%Fixed Assets 89% Other capital instruments 3% 22% Gross DebtCurrent Assets 28% Other 11% Assets Liabilities … with low financial leverage of 28.4% 15
  15. 15. ContentsOperating ResultsFinancial ResultsKeys for Consolidation
  16. 16. Keys for Consolidation Strengthen focus on consolidation of the business … Selection of investment Efficiency in operations projects Optimization of results … in an environment of greater short-term uncertainty in some traditional markets 17
  17. 17. Keys for Consolidation Entorno económico, energético y regulatorio Flexible pipeline for the selection of investment projects … Capacity x2 in Mexico +250 MW awarded in BrazilBee Nee Stipa Wind Farm (Mexico) 18
  18. 18. Keys for Consolidation … developing new renewable technologies … 20 MW Copper Crossing solar photovoltaic plant, under construction (Arizona, United States) 50 MW of solar photovoltaic under construction in the US 19
  19. 19. Keys for Consolidation … with a clear commitment to offshore wind energy East Anglia ArrayArgyll Array Design stage launched West of Duddon Sands West of Duddon Sands East Anglia Array Investment award in 2011 20
  20. 20. Keys for Consolidation Entorno económico, energético y regulatorio Commencement of first offshore wind project 21
  21. 21. Keys for Consolidation Participation in key projects for the development of offshore wind energy … Offshore Wind Accelerator Floating Structures Goal Goal Reduce generation Show the viability of cost floating structures … through consortia with the main industry players 22
  22. 22. Keys for Consolidation EUR 20 million invested in R&D in 2010 Investments Network Integration Marine Energy Efficiency New Technologies Energy Resource 23
  23. 23. Keys for Consolidation Strong advancement of marine (wave and tidal) projects Pelamis Wave Energy Converter, North coast of Scotland (United Kingdom) Orcadian Project Hammerfest Strom Deployment of a second-generationTurbines to convert energy from tidal Pelamis unit off the Orkney Islands currents (United Kingdom) 24
  24. 24. Keys for Consolidation Specific efficiency-improvement projects Availability Detection and corrective actions Power curve Proprietary system of analysis Operation and Standardization and best practices Maintenance 25
  25. 25. Keys for Consolidation Expansion of management tools METEOFLOW CORE Wind Prediction System Operation Centers CORE in Portland (Oregon, United States) 26
  26. 26. Keys for Consolidation International and multi-cultural workforce … Geogaphical distribution Spain USA UK Other … consisting of more than 2,100 people 27
  27. 27. Keys for Consolidation 80,000 hours in training activities Training Hours 80,000 + 15% 70,000 2009 2010 28
  28. 28. Keys for Consolidation Entorno económico, energético y regulatorio A strong, value-generating business … Maranchón Wind Farm Complex (Castilla-La Mancha, Spain) … ready to profit from opportunities in the new energy environment 29

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