presentaciÓn jga iberdrola renovables 2011. inglÉs
DESCRIPTION
Presentacion de la Junta General de Accionistas 2011, en inglesTRANSCRIPT
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Contents
Operating Results
Financial Results
Keys for consolidation
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2010 Operating Results
Installed capacity reaches 12,532 MW (+16.5%)
United States
4,634 MW
Latin America
155 MWSpain
5,697 MW
United Kingdom
932 MWRest of Europe
1,115 MW
1,780 new MW and additional 1,226 MW under construction
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Breakdown by Geographical Area
2010 Operating Results
… with significant growth in the US (+32%) and Rest of World (+22%)
Production stands at 25,405 GWh, up 18% from 2009 …
Spain US UK Other
2010 Production
2010
+18%
25,405
+18%
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Spain US UK Other
Investments
Other Tech. Gas
Almost USD 1 billion in grants in the US during 2009 and 2010
Gross investments total EUR 2,935 million
2010 Operating Results
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Entorno económico, energético y regulatorio
2010 Operating Results
Over 1,000 MW installed in the US in 2010
Buffalo Ridge II Wind Farm, 210 MW
(South Dakota, United States)
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Entorno económico, energético y regulatorio
Work begun on the largest wind farm in Europe
Expansion of the Whitelee Wind Farm, 593 MW(Scotland, United Kingdom)
2010 Operating Results
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Csoma I Wind Farm(Hungary) Scott Wind Farm (Hungary)
Doubling of installed capacity in Hungary
2010 Operating Results
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400 MW installed in Spain in 2010
2010 Operating Results
Cañoneras I and II Wind Farm(Cantabria, Spain)
El Andévalo Wind Farm Complex(Huelva, Spain)
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Contents
Keys for Consolidation
Financial Results
Operating Results
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Gross Margin grows 12% to EUR 2,025 million …
2010 Financial Results
… with the Renewable Business contributingEUR 1,976 million (+20%)
2010 Breakdown by Geographical Area
Spain US UK Other Gas
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2009 2010
4745
Cost per average operating MW (kEur/MW)
- 3.8%
Efficiency improves by 3.8%
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2010 Financial Results
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2010 Financial Results
2009 2010
1,214
1,449
Renewable EBITDA (EUR million)
… and consolidated EBITDA increases 9.8% to EUR 1,456 million
+ 19.4%
Renewable EBITDA grows by 19.4%...
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2010 Financial Results
2009 2010
1,008
1,123
… with Net Profit at EUR 360 million
+ 11.5%
*FFO= Net Profit + Amortization/Depreciation – Investments included by Equity Method – Non-Recurring Profits
Cash flow generation* increases by 11.5%...
Funds From Operations (EUR million)
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Assets Liabilities
11%28%
89%
22%3%
46%
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… with low financial leverage of 28.4%
Total assets of EUR 25,849 million …
2010 Financial Results
Balance Sheet
Current Assets
Shareholder’s equity
Other
Gross Debt
Fixed Assets Other capital instruments
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Contents
Operating Results
Keys for Consolidation
Financial Results
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Strengthen focus on consolidation of the business …
Keys for Consolidation
Efficiency in operationsSelection of investment
projects
Optimization of results
… in an environment of greater short-term uncertainty in some traditional markets
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Entorno económico, energético y regulatorio
Keys for Consolidation
Capacity x2 in Mexico +250 MW awarded in Brazil
Bee Nee Stipa Wind Farm (Mexico)
Flexible pipeline for the selection of investment projects …
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… developing new renewable technologies …
Keys for Consolidation
20 MW Copper Crossing solar photovoltaic plant, under construction (Arizona, United States)
50 MW of solar photovoltaic under construction in the US
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… with a clear commitment to offshore wind energy
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East Anglia Array
Design stage launched
West of Duddon Sands
Investment award in 2011
Keys for Consolidation
West of DuddonSands
East Anglia Array
Argyll Array
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Entorno económico, energético y regulatorio
Keys for Consolidation
Commencement of first offshore wind project
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Participation in key projects for the development of offshore wind energy …
Goal
Show the viability of
floating structures
Goal
Reduce generation
cost
Keys for Consolidation
… through consortia with the main industry players
Offshore Wind Accelerator Floating Structures
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Investments
EUR 20 million invested in R&D in 2010
Keys for Consolidation
Marine
Energy
New
Technologies
Energy Resource
Efficiency
Network
Integration
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Strong advancement of marine (wave and tidal) projects
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Pelamis Wave Energy Converter, North coast of Scotland
(United Kingdom)
Orcadian Project
Deployment of a second-generationPelamis unit off the Orkney Islands
(United Kingdom)
Hammerfest Strom
Turbines to convert energy from tidalcurrents
Keys for Consolidation
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Specific efficiency-improvement projects
Keys for Consolidation
Detection and corrective actionsAvailability
Proprietary system of analysisPower curve
Standardization and best practicesOperation and Maintenance
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Keys for Consolidation
Expansion of management tools
METEOFLOWWind Prediction System
CORE Operation Centers
CORE in Portland (Oregon, United States)
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Keys for Consolidation
International and multi-cultural workforce …
Geogaphical distribution
Spain USA UK Other
… consisting of more than 2,100 people
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70,000
80,000
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Training Hours
+ 15%
Keys for Consolidation
80,000 hours in training activities
2009 2010
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Entorno económico, energético y regulatorio
A strong, value-generating business …
Keys for Consolidation
Maranchón Wind Farm Complex(Castilla-La Mancha, Spain)
… ready to profit from opportunities in the new energy environment
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