OUTLOOK 2018-2022 UPDATE

Iberdrola speeds up global growth with investments of €34 billion by 2022

 Outlook 2018-2022 Update Infographic [PDF]      Outlook 2018-2022 Update presentation [PDF]

 Capital Markets Day

2018-2022 Plan Fiscal year 2018.#RRSSOutlook 2018-2022 Update Fiscal year 2018.

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Strategic Overview

Our strategic pillars, combined with digitisation and innovation will continue delivering sustained value creation for all our stakeholders

  • More and smarter clean generation
  • More and smarter storage
  • More and smarter networks
  • More and smarter customer solutions
  • Customer centricity
  • Profitable Growth
  • Operational Excellence
  • Capital Optimisation
  • Digitisation and Innovation

Investments 2018 - 2022: EUR 34 Bn

  • Accelerating investments to reach EUR 34 Bn, with EUR 30 Bn already under construction
  • Increasing investments in regulated or long-term contracted activities, up to 86%
  • Investments by business:
    • Generation and Supply: 11% (EUR 3.8 Bn)
    • Networks: 47% (EUR 16 Bn)
    • Renewables: 39% (EUR 13.3 Bn)
    • Corporation & Others: 3% (EUR 0.9 Bn)
  • Investments by currency:
    • USD: 36% (EUR 12 Bn)
    • BRL: 18% (EUR 6 Bn)
    • GBP: 17% (EUR 6 Bn)
    • EUR: 29% (EUR 10 Bn)

Growth in Results

  • EBITDA over EUR 12 Bn in 2022
  • EBITDA by business:
    • Contracted Generation & Retail: 22%
    • Networks: 49%
    • Renewables: 29%
  • EBITDA by currency:
    • USD: 27%
    • BRL: 16%
    • GBP: 19%
    • EUR: 37%

With a net profit between EUR 3.7 - 3.9 Bn by 2022. Upper part of the range becomes the lower part of the new range with a Net Profit increase of up to 30% vs 2018

Financial strength

  • Maintaining financial strength in 2022: the ratio of funds from operations (FFO) / net debt will be > 24%

Shareholder remuneration

  • Growing dividend in line with results with an increasing floor up to EUR 0.40 / share in 2022
  • Pay-out between 65% and 75%, maintaining optionality with the “Iberdrola Retribución Flexible” program and the current number of shares at 6,240 million

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