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Investor Presentaiton

COVID-19 Q1 2020 business and financial evolution Business evolution Renewables: 420 MW built in the quarter Conventional generation and trading: neutral impact thanks to hedging, short position and balancing services due to load volatility Distribution: 1% volumes decrease in Latin America; remuneration in Europe not impacted by reduction in volumes (-4% yoy) Retail: -3% decrease in B2B volumes and +1% increase in B2C volumes¹ linked to COVID-19 crisis 130 €mn of negative impact on EBITDA from FX devaluation, of which 80 €mn linked to COVID- 19 crisis Financial evolution enel 25.9 €bn available liquidity as of April 30th 2020, of which 5.8 €bn cash and 20.1 €bn committed credit lines 5.9 €bn long term debt maturing from May 1st up to the end of 2021, 4.4 times covered by liquidity² Available liquidity to cover 2.1 times long term debt to mature by 20222 Strong balance sheet to withstand volatile scenarios 0.4 €bn of temporary net working capital increase linked with COVID-19 crisis 1. Italy and Spain 2. Calculated on the basis of liquidity position and debt maturities as of April 30th, 2020 100
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