NETWORKS BUSINESS

First Quarter 2018

The Networks business posted EBITDA of €1.2 billion (up by 17.5%).

At the close of the First Quarter 2018:

• In Brazil, EBITDA reached 855.9 million reais, thanks to the consolidation of Neoenergia.
• The United States increased its EBITDA by 18.8% to $389.3 million.
• In the United Kingdom, EBITDA reached £207.1 million.
• In Spain, EBITDA increased to €425.4 million (+9.8%), thanks to the recognition in 2017 of positive resettlements from previous years and to the €8 million impact of a ruling on ICA financed facilities.

Further information on economic-financial and operating data of the Iberdrola Group can be found in the section In Figures, First Quarter 2018 Results Report [PDF] and First Quarter 2018 Results Presentation [PDF].