Energy

January/2020

Corporate presentation

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1 Abengoa

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Who are we?

Abengoa (MCE: ABG.B) is an international company that applies innovative technology solutions for sustainable development in the infrastructure, energy and water sectors.

Constructing energy infrastructures Generating conventional and renewable energy. Transporting and distributing energy.

Providing solutions for the integrated water cycle Developing desalination and water treatment processes.

Constructing hydraulic infrastructures.

Being a referent in the transmission and distribution sector Developing transmission lines, electric distribution and railway electrification projects. Constructing installations and infrastructures for all types of plants and buildings.

Obtaining results in the services area Providing operation and maintenance services for plants optimization. Managing private assets efficiently.

Furthering new horizons for development and innovation Our 342 accumulated awarded patents since 2008 position us as technological leaders in sectors such as solar thermal technology. Renewable energy storage and our bet for energy efficiency and water consumption (water-energy nexus).

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A Viable Company with Solid Fundamentals

Solid business of engineering, procurement, construction and operation and maintenance in high growth markets

Global footprint makes Abengoa’s business more resilient and the size of its backlog and pipeline provides revenue visibility

Leaner organizational structure and high operational efficiency

The development of commercially viable cutting-edge technology has become Abengoa’s key competitive advantage

A more focused business model and a healthier, sound capital structure, together with a multidisciplinary set of capabilities places Abengoa in a solid position for future value creation

Credibility regained with stakeholders

Formed by a team of committed and skilled people that have specialized and competitive know-how

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Main Magnitudes

Global presence with a recognized position of leadership in main world rankings (ENR, GWI).

9.3 GW of installed power in conventional generation plants, of which 1.4 are under construction.

2.1 GW* solar power constructed, 860 MW under construction, and 480 MW of wind power.

*34 % of solar thermal installed capacity worldwide.

+ 27,000 km of transmission and distribution lines and more than 330 substations worldwide over the last 15 years.

+ 1.7 million of m3/day of desalinated installed capacity and 2 million m3/day under construction.

342 accumulated awarded patents since 2008.

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2013 2014 2015 2016 2017 2018

Numbers of patents

Main indicators 2018 Results

Abengoa Figures 2018

Sales 1,303M€

EBITDA 188 M€

Employees 13,450

27%

21%15%

16%

9%

11% 1%

Revenues by Geography

South America

Middle East

Africa

North America

Europe (ex Spain)

Spain

Others

15%

85%

Revenues by segment

Concessions E&CMain Projects under Execution

Waad Al Shamal (Saudi Arabia)

CP5 Network Rail (UK)

O&M solar plants (Spain)

Mar de Plata (Argentina)

A3T (Mexico)

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Shuaibah (Saudi Arabia)

Cerro Dominador(Chile) Fulcrum (USA)

Abengoa was awarded projects with a value of €1.5 billion in 2018, with a current backlog of €1.8 billion, on December 31st, 2018.E&C Contracts

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Dewa Dubai Technology and solar field of 3 x 200 MW parabolic trough.

Cerro Dominador Chile 110 MW solar thermal tower plant with a 17,5 hour storage system.

Luneng China Procurement of engineering and technology for 50 MW solar thermal tower plant.

Rabigh Saudi Arabia The largest reverse osmosis desalination plant in the country. 600.000 m3/d.

Salalah Oman Reverse osmosis desalination plant with a capacity of 114,000 m3/day.

Agadir Morocco 275,000 m3/day reverse osmosis desalination plant for the supply of drinking water and13,500 ha of irrigation.

Shuaibah Saudi Arabia Desalination plant with a capacity of 250,000 m3/day by reverse osmosis.

Fulcrum USA Plant to produce 10 million gallons of aviation biofuels per year from municipal solid waste.

A3T Mexico 260 MW e(220 MW guaranteed) and 120 ton/h of steam efficient cogeneration powerplant.

WAS Saudi Arabia 1,390 MW combined cycle: the largest hybrid solar-gas plant in the world.

Quebrada Blanca Chile Electrical substations for the second phase of the Quebrada Blanca mine.

Puerto Capurro Uruguay Construction of approximately 1,000 meters of quay in Montevideo.

Main projects

Areas of ActivityAbengoa organizes its activity in several business areas: Energy, Water, Transmission and Infrastructure and Services, all of which are based on R&D and Innovation.

Energy Water Transmission & Infrastructures

Services

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2 Abengoa Energía

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Abengoa has wide experience in the power generation sector thanks to the development of open cycle and combined cycle technologies, cogeneration, wind farms, solar thermal, photovoltaic, energy recovery from waste and biomass plants.

This experience provided us with high design capacity and hybridization of generation technologies to offer the best solution to our customers.

EnergyKhi Solar One solar thermal tower plant. 50 MW (South Africa)

Backlog (December 2018)

~850 M€

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Abengoa is a world leader in solar thermal technology and a international reference in the construction of conventional and renewable energy generation plants.

Our business in Energy

Solar thermal

Photovoltaic and wind

Conventional generation

Storage

Biofuel

Energy recovery from waste and biomass

Hydrogen

• More than 80 MW in operation in tower

technology.• More than 1,600 MW in operation in parabolic

trough collectors technology

• More than 9 GW of installed capacity.

• More than 500 MWp built in photovoltaic.

• More than 480 MW built in wind.

• More than 6.000 MWht in commercial operation.

• More than 2.500 Ml/year of biofuel.

• More than 50 completed projects.

• More than 20 developed projects.

Hyb

ridizatio

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Abengoa is a specialist in the development of manageability and energy quality solutions from renewable sources and their hybridization with

conventional technologies

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Our business in Energy

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Key projects in Energy

Nuevo Pemex (**)Mexico

Congeneration plant

300 MW

Largest solar complex in the world

Cerro Dominador(*) Chile

Photovoltaic plant of 100 MW + solar thermal plant of 110 MW + 17.5 hours of storage

First cogeneration project in a Pemex

(Petroleos Mexicanos) refinery

Largest hybrid solar-gas plant in the world

The largest solar thermal plant in Latin

America

First plant that produce biofuels from

MSW in USA

Waad Al Shamal Saudi Arabia

Combined cycle solar-gas 1,390 MW + 50 MW

Dubai Solar ParkUnited Arab Emirates

Fourth phase. Parabolic trough collectors plant

3x200 MW + 12 hours of storage

FulcrumUnited States

Biofuel plant for the aviation sector from Municipal Solid

Waste (MSW)

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3 Products and main references

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3.1Solar thermal

Solucar solar complex. 300 MW (Spain)

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Solar thermal technology

Abengoa has its own solar thermal technology.

International leader with 34 % of worldwide installed capacity.

Solar thermal parabolic trough collectors technology

+ 1.600 MW in operation.

Solar thermal tower technology

+ 80 MW in operation and 110 MW under construction.

Hybrid solar-gas technology

1.000 MW in operation and 1.390 MW under construction.

Abengoa in Energy

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STEP Mohammed bin Rashid Al Maktoum 600 MW

Solar thermal parabolic trough technology 3 x 200 MW

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In solar thermal parabolic troughs, +1,600 MW in operation

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Our solutions in solar thermal parabolic trough technology

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Abengoa in Energy

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STET Cerro Dominador 110 MW (*)

Solar thermal tower technology

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In solar thermal towers, +80 MW in operation and 110 MW under construction

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Abengoa in Energy Our solutions in solar thermal tower technology

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ISCC Waad Al Shamal 1.390 MW + 50 MW solar field

Hybrid solar-gas technology.

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In hybrid solar-gas, 1,000 MW in operation and 1,390 MW under construction

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Abengoa in Energy Our solutions in hybrid solar-gas technology

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3.2Combined cycles and cogenerations plants

Centro Morelos combined cycle. 640 MW (Mexico)

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CCGT Centro Morelos 640 MW

+ 5 GW combined cycle installed and close to 1.2 GW in cogeneration

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Abengoa in Energy Our solutions in combined cycles and cogenerations

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3.3Photovoltaic

Cerro Dominador photovoltaic plant. 100 MW (Chile)

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PVSP Mount Signal 265 MW

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+ 500 MWp built, in more than 30 projects, in 6 different countries

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Abengoa in Energy Our solutions in photovoltaic technology

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3.4Wind

Campo Palomas wind farm. 70 MW (Uruguay)

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WF Campo Palomas 70 MW

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+ 480 MW built in Brazil, Mexico, Uruguay and Spain

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Abengoa in Energy Our solutions in wind power technology

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3.5Storage

Mohammed bin Rashid Al Maktoum parabolic trough plant. 12 hours of storage (UAE)

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Thermal and electric storage

STET Cerro Dominador 110 MW (*)Thermal storage: 4,900 MWhtLithium-Ion Batteries: 12 MW / 3 MWh

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Abengoa in Energy Our solutions in storage

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3.6Biofuel

Biorrefineria Sierra biofuel production plant. 10 MG/year (USA)

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WTB Sierra Biorefinery 10 Mgal/yearGasification technology to produce biofuel for aviation from municipal solid waste (MSW).

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+ 2,500 Ml/year of biofuels

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Abengoa in Energy Our solutions in biofuels

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3.7Energy recovery from waste and biomass

Hugoton biomass production plant. 20 MW (USA)

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Glendale plant

Waste management plant.

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Abengoa has a wide experience in the entire chain of waste management processes (classification, reuse and recycling) of more than 9 Mt/year

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Abengoa in Energy Our solutions in waste management

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Abengoa designs and integrates smart solution for the energy recovery of waste and biomass

São Luiz and São João biomass plant 70 MW

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Abengoa in Energy Our solutions in energy recovery from waste and biomass

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3.8Hydrogen

Torrecuéllar hydrogen service station (Spain)

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Torrecuéllar hydrogen service station.

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Hydrogen production and its use in power plants

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Abengoa in Energy Our solutions in hydrogen

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4 Strengths and value proposition

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Strengths and value proposition

Excellence in technical capabilities and international positioning 1

TechnologyOwn solar thermal technology and extensive experience in photovoltaic and wind, as well as in conventional power generation. Abengoa has an installed capacity of more than 12.8 GW.

2International recognitionPresence in the five continents, with a recognized leadership position in the main world rankings, with 34% of the solar thermal capacity installed worldwide.3

4 Integral management, know how and technical supportIntegral project management: engineering, purchasing, logistics, construction and commissioning with own resources. Solid, committed and highly qualified team, with extensive experience in EPC and O&M and specialized and competitive know-how, oriented to the satisfaction of our customers. Leadership in engineering and technology.

5 Pipeline diversified in geographies and products Wide portfolio of products (photovoltaic, solar thermal, wind, combined cycles, energy recovery, storage). Great business opportunities in the short, medium and long term due to the growing commitment to renewable energy sources.

Experience, references, internationalization and competitiveness: the basis of our growth

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Safety and health comes first.Our accident rates are much lower than those of the sector. Frequency index with a reduction in 2018: 2.8.

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Abengoa is recognized internationally by institutions specialized in the energy sector

2018 CSP Globalization Contribution2019 CSP Technology Innovation Award

(CSP Plaza)

2018 Industry Awards Xina Solar One solar thermal plant. South Africa

(African Utility Week)

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Abengoa in Energy

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Our clients

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Abengoa in Energy

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Thank you

Innovative technology solutions for sustainability

www.abengoa.com