Investor Presentaiton

Integrated management of generation, purchases and supply Integrated management Procurement Key factors Diversified, flexible fuel procurement Competitive 60% Hydro Generation generation mix + Nuclear Energy management Limited risk exposure (2) ±1TWh per month Endesa Key Strengths EM E endesa endesa 3 Endesa's electricity unit margins (1) (€/MWh) 49,9 20 20 Pool prices (€/MWh) 44,3 22 Supply Large customer base (3) 11.4m 2011 2013 Source: Pool prices from OMIE. (1) Excluding SCVP unit margins. (2) 2013 monthly average. (3) Electricity customers. 19

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