Ignacio S. Galán           Report by     Chairman & CEO
Milestones in 2010A key year for the optimisation of the Iberdrola Group          Record output       Increase in effici...
Milestones in 2010                   Success of the Scrip Dividend programme                             (“Flexible Divide...
Milestones in 2010                              Over Eur 10,000 M in dividends paid                                    alo...
Economic and regulatory environment 2010                                                      5Iberdrola Tower, the Compan...
Economic and regulatory environment 2010               Electricity demand recovering...                    Electricity dem...
Economic and regulatory environment 2010          Regulatory milestones in Spain:     New remuneration framework for Distr...
Economic and regulatory environment 2010   Regulatory milestones in the United Kingdom:    New remuneration framework for ...
Economic and regulatory environment 2010    Regulatory milestones in the United States:    New electricity and gas rates i...
2010 ResultsDillon wind farm in California (USA)   10
FY 2010          Record output of 154,000 GWh...                       Output (GWh)                                 154,00...
FY 2010          Installed capacity of 45,000 MW...             Capacity breakdown by technology                        Fu...
FY 2010      Energy distributed increased by 2.4%...              Energy Distributed (GWh)                               2...
FY 2010          Highest Net Sales ever recorded,              exceeding Eur 30,000 M                     Net Sales (Eur M...
FY 2010      Enhanced operating efficiency (+11%)...             Net Operating Expenses (Eur M)              3,590    -3.7...
FY 2010          Gross Operating Profit rose by 10.5%                    to Eur 7,528 M          EBITDA 2000              ...
FY 2010 Recurring Net Profit rose by 5.6% to Eur 2,582 M...                      Net Profit (Eur M)               2,824   ...
FY 2010          Strict control of financial resources       After investing Eur 5,674 M in the core business:      Reduct...
FY 2010                               Total Remuneration proposal...                 Interim dividend*:                   ...
FY 2010            Over 1 M hours of training          Participation of 95% of employees                                  ...
FY 2010               Investing almost Eur 130 M in innovationSmart meters             Electric vehicle       Tidal energy...
FY 2010      Iberdrola, committed to society and people    Creation of a Corporate Social Responsibility Committee within...
Year 2010      A great team of over 33,000 people                                           23
AgreementsCombined cycle plant in Mesaieed (Qatar)   24
Agreements        Merger with Iberdrola Renovables     Unlocks the value of this companys assets     Facilitates access to...
AgreementsAmendments to the By-Laws and the Regulations for theGeneral Shareholders Meeting and the Board of Directors    ...
ConclusionsAldeadávila hydroelectric plant (Salamanca)   27
Conclusions    Commitment to sustainable growth, benefiting:                    Shareholders                     Customers...
PRESENTACIÓN JGA IBERDROLA 2011. INGLÉS
Upcoming SlideShare
Loading in …5
×

PRESENTACIÓN JGA IBERDROLA 2011. INGLÉS

939 views

Published on

Presentacion de la Junta General de Accionistas 2011, en ingles

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
939
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
16
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

PRESENTACIÓN JGA IBERDROLA 2011. INGLÉS

  1. 1. Ignacio S. Galán Report by Chairman & CEO
  2. 2. Milestones in 2010A key year for the optimisation of the Iberdrola Group  Record output  Increase in efficiency  Adequate regulatory management  Increase in financial strength  Optimisation of business portfolio  Elektro acquisition (Brazil) Highest Net Profit in history: Eur 2,871 M 2
  3. 3. Milestones in 2010 Success of the Scrip Dividend programme (“Flexible Dividend”) 1 Return Cash collection +5% New shares +8% 2 68% of shareholders opted for collection in shares1 Data as of May 24th 2011.2 3 Includes tax saving and rise in price of new shares
  4. 4. Milestones in 2010 Over Eur 10,000 M in dividends paid along the last 10 years Annual dividend growth1 Total shareholder return (Eur M) since 20003 1,8302 IBERDROLA 143% 3.8x IBEX 35 51% 485 EuroStoxx 52% Utilities 2000 2010 EuroStoxx 50 -18%1 Dividend paid corresponding to the referred year. Includes attendance bonus.2 Pending approval at the GSM.3 Source: Bloomberg as of 12-31-2010 4
  5. 5. Economic and regulatory environment 2010 5Iberdrola Tower, the Companys head office (Bilbao) 5
  6. 6. Economic and regulatory environment 2010 Electricity demand recovering... Electricity demand in 2010 +8.1% +3.3% +3% +0.1% USA Brazil Spain Mexico UK -1.9% ... in a context of uneven economic recuperation 6
  7. 7. Economic and regulatory environment 2010 Regulatory milestones in Spain: New remuneration framework for Distribution Networks Royal Decree-Law 14/2010 - Solution to the tariff deficit Deficit Securitisation Fund Issues Report by the Congress Sub-Committee: Spanish Energy Strategy for the next 25 years Sustainable Economy Act 7
  8. 8. Economic and regulatory environment 2010 Regulatory milestones in the United Kingdom: New remuneration framework for Distribution Networks  Provides stability until March 2015  Links remuneration to investments and quality of service 8
  9. 9. Economic and regulatory environment 2010 Regulatory milestones in the United States: New electricity and gas rates in New York Approval of a transmission line linking the US and Canada Extension of the begin construction date for new wind farms 9
  10. 10. 2010 ResultsDillon wind farm in California (USA) 10
  11. 11. FY 2010 Record output of 154,000 GWh... Output (GWh) 154,000 +8% 143,000 2009 2010 ... thanks to emission-free energies 11
  12. 12. FY 2010 Installed capacity of 45,000 MW... Capacity breakdown by technology Fuel-oil 1% Hydroelectric Gas 22% 32% Wind Coal 28 % 10% Nuclear 7% … 57% of which is emission-free 12
  13. 13. FY 2010 Energy distributed increased by 2.4%... Energy Distributed (GWh) 203,000 +2.4% 198,000 2009 2010 ...improving quality of service in all our markets 13
  14. 14. FY 2010 Highest Net Sales ever recorded, exceeding Eur 30,000 M Net Sales (Eur M) +17.5% 30.431 25.891 2009 2010 14
  15. 15. FY 2010 Enhanced operating efficiency (+11%)... Net Operating Expenses (Eur M) 3,590 -3.7% 3,456 2009 2010 ... driven by cost savings at Iberdrola USA and the optimisation of corporate structure 15
  16. 16. FY 2010 Gross Operating Profit rose by 10.5% to Eur 7,528 M EBITDA 2000 EBITDA 2010 3.8x Latam Other 1% 3% Energy Spain UK (ex-Renewables) 18% 38% USA 10% Latam 12% Energy Spain Renewable energy 99% 19% Only 38% of EBITDA is generated by the Traditional Business in Spain 16
  17. 17. FY 2010 Recurring Net Profit rose by 5.6% to Eur 2,582 M... Net Profit (Eur M) 2,824 2,871 Non-recurring 378 289 +5.6% 2,582 Recurring 2,446 2009 2010 …and Net Profit amounted to Eur 2,871 M 17
  18. 18. FY 2010 Strict control of financial resources After investing Eur 5,674 M in the core business: Reduction in debt Increase in Equity of Eur 700 M to Eur 31,600 M Leverage of 43.3%, the lowest rate in the last 10 years 11.3% increase in operating cash flow to Eur 5,468 M 18
  19. 19. FY 2010 Total Remuneration proposal... Interim dividend*: €0.146/share €0.03/share (cash) Final dividend**: €0.15/share (flexible dividend) Total remuneration €0.326/share ... reaches Eur 0.331 including attendance bonus* Purchase price of rights corresponding to December Flexible Dividend programme** Pending approval at the GSM 19
  20. 20. FY 2010 Over 1 M hours of training Participation of 95% of employees 20
  21. 21. FY 2010 Investing almost Eur 130 M in innovationSmart meters Electric vehicle Tidal energy project in Scotlandin Maine and Northern Ireland 21
  22. 22. FY 2010 Iberdrola, committed to society and people Creation of a Corporate Social Responsibility Committee within the Board of Directors Iberdrola Foundation: Scholarship programme in Spain and the U.K. 22
  23. 23. Year 2010 A great team of over 33,000 people 23
  24. 24. AgreementsCombined cycle plant in Mesaieed (Qatar) 24
  25. 25. Agreements Merger with Iberdrola Renovables Unlocks the value of this companys assets Facilitates access to capital markets Provides organisational synergies Maintains Iberdrola Groups commitment to global leadership in clean energy 25
  26. 26. AgreementsAmendments to the By-Laws and the Regulations for theGeneral Shareholders Meeting and the Board of Directors Continuous improvement of the Corporate Governance System Compliance with, and implementation of, international recommendations and best practices Protection of the corporate interest Encouragement of shareholder participation at the Shareholders Meetings and a responsible exercise of their rights 26
  27. 27. ConclusionsAldeadávila hydroelectric plant (Salamanca) 27
  28. 28. Conclusions Commitment to sustainable growth, benefiting: Shareholders Customers Employees Suppliers Society 28

×