Investor Presentaiton
COVID-19
Risk assessment: strategic deployment not affected, resilient business set up
Macroeconomic Risks
GDP & Commodities:
ā 80% contracted and
regulated activities
protect earnings from
macro economic cycle
Energy margin fully
covered in 2020
FX: 10% simultaneous
devaluation of local
currencies against euro
translates into max c.2%
negative impact on
earnings
Business Risks
Prices: 2020 production sold
forward: Latin America
100%, Europe >80%
Renewables: no material
disruption in supply chain, so
far deployment in line with
target
Distribution: minor delays in
smart meter installation
Retail: well diversified and
resilient customer base
Cost efficiencies: benefits
from large scale remote
working and restriction in
travels
enel
Financial Risks
Strong coverage and
leverage ratios set to
improve over the 2020-22
period
Limited re-financing needs
in the plan period
Liquidity to cover 1.9x debt
to mature by 2022
73View entire presentation