Endesa S.a. · BME:ELE
Endesa — Eurelectric, Valencia (June 2007)
21 slides from Endesa's conference presentation, Jun 25, 2007
Slide 1: Endesa: A Global Outlook
Endesa: A Global Outlook Rafael Miranda Endesa CEO President of Eurelectric Valencia, June 25th, 2007
Slide 2: Industry Environment; Endesa: a global energy company
1 Industry Environment 2 Endesa: a global energy company
Slide 3: Industry Environment
1_|Industry Environment Talim tins
Slide 4: World energy industry is going to need a large investment effort in the future
World energy industry is going to need a large investment effort in the future Worldwide investments in the energy industry 2005-2030: $20,200 bn 56% of investment set aside for electricity sector Coal 3% In the next 25 years the new Electricity global installed capacity will be 56% equivalent to th
Slide 5: Investment efforts should focus on the three targets of sustainability energy policy
Investment efforts should focus on the three targef of sustaintability energy policy Technology Energy Efficiency diversification More R&D investments Security of supply Competitiveness 1 2 Climate change and Talks with raw enviromental impact reduction material Sustainability 3 producers Interconex
Slide 6: All technologies are necessary as they complement each other
All technologies are necessary as they complement each other Natural Gas Dependence Coal Dependence Security of Security of Emissions Emissions supply supply Volatility Reserves Volatility Reserves Cost Cost Nuclear Energy Dependence Wind Energy Dependence Security of Security of Emissions Emissions
Slide 7: The only way to provide an optimal solution is a combination of all technologies
The only way to provide an optimal solution is a combination of all technologies Natural Dependence Gas Security of Emissions supply Coal Volatility Reserves Nuclear Cost Wind One technology doesn't accomplish Energy the targets, but together they achieve an optimal solution 7
Slide 8: The EU already has marked the guidelines the sector must follow (SEER 2007)
The EU already has marked which are going to be the guidelines that the sector is going to have to follow in the document SEER 2007 Strategic European Energy Review 2007 (SEER) 2009 A real pan-European energy market 2015 12 fossil-fuel plants with CO2 capture systems 20% increase in energy efficienc
Slide 9: Endesa: a global energy company
2 Endesa: a global energy company
Slide 10: Endesa boasts a balanced and competitive generation mix
Endesa boasts a balanced and competitive generation mix Installed capacity Nuclear 7% Renewables 3% CCGT 16% Hydro 47,113MW 32% worldwide Coal 22% Fuel 21% 44% of energy output is free of emissions 10
Slide 11: Significant investment planned for coming years
Significant investment planned for coming years Investments 2007-2009: (euro)12,300M Spain and Portugal 4,890MW of new capacity in CCGTs, renewables and non-mainland generation Latin America 21% Rest of Europe Rest of Italy: 1,016MW in CCGTs and renewables; more EuropeSpain and competitive access to
Slide 12: A firm commitment to deregulation and a pan-european single market
A firm commitment to deregulation and a pan-european single market Spain Rest of Europe Spain's leading supplier in deregulated electricity 11,000 supply points in Europe market with a market share of 56% Spain's second gas operator in deregulated market with a market share of 13% in the first quart
Slide 13: Active commitment to innovation and development
Active commitment to innovation and development Strategic European Energy Endesa's R&D initiatives Review 2007 (SEER) 12 industrial plants Heads up Europe's Platform for Zero with carbon capture Emissions and Spanish CO2 Platform Reducing carbon Heads up Cenit-CO2 Project on emissions and technologi
Slide 14: Strong leadership in sustainability
Strong leadership in sustainability Endesa Projects Climate Initiative Endorsing main initiatives Only company in the world with an Global initiative of this kind Roundtable on Endesa involved in over 40 CDM projects in Climate Change 2006 in Mexico, Brazil, Colombia, India and China UN Global Recog
Slide 15: In sum, Endesa is a global company with a distinctive asset base
In sum, Endesa is a global company with a distinctive asset base Present in 15 countries Installed capacity of 47 GW 186 TWh of output 220 TWh of sales 23 million customers 27,000 employees 15
Slide 16: An indisputable leader in markets where it operates
An indisputable leader in markets where it operates Priviledged position in Spain and Latin America Strategic presence in Europe High efficiency and quality standards Leader in sustainability and R&D 16
Slide 17: New future growth commitments
New future growth commitments New targets for 2009 EBITDA 8,500 (euro)4,425M shareholder ((euro)M) remuneration in 2005 and 2006 Net income ((euro)M) 3,075 Dividend commitment 9,900 45% of the (euro)9,900M 2005-2009 ((euro)M) committed Leverage ‹1.4x 17
Slide 18: Positive results in first quarter 2007
Positive results in first quarter 2007 1T2007 Change LFL change ((euro)M) Sales 5,069 -4% 0% EBITDA 2,000 +3% +15% Net income 633 -40% +11% Affected by extraordinary earnings in 2006 In line with targets 18
Slide 19: Enel and Acciona takeover bid announced conditions
Enel and Acciona takeover bid announced conditions Terms Takeover bid for 100% of the capital 100% in cash (euro)41.3/share at April 11, 2007 Endesa's equity: (euro)43,726M Conditions: Acceptance by 50.1% of Endesa's shareholders Bylaw amendments Authorisation process is underway 19
Slide 20: Legal Information
Legal Information This document was made available to shareholders of Endesa, S.A.. In relation with the announced joint offer by ENEL SpA and Acciona, S.A., Endesa shareholders are urged to read the report of Endesa's board of directors when it is filed by the Company with the Comision Nacional del
Slide 21: Signatures
Endesa: A Global Outlook Rafael Miranda Endesa CEO President of Eurelectric Valencia, June 25th, 2007 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. E