IR Day - 16 December 2015
ERG, an Independent Power producer mainly from renewable sources
2008-2015: a journey towards a green portfolio.
Scenario
ERG transformation
Worldwide wind installed capacity: from 282 GW in 2012 to 2,033 GW in 2040(2), more than 7x
Europe to post a significant growth: from 110 GW to 400 GW(2), almost 4x
Renewables to increase worldwide
Source: World Energy Outlook, IEA November 2015
Wind LCOE(1) ($/MWh) cheaper than other sources
Source: New Energy Outlook 2015, Bloomberg
Built-up a solid platform of renewable asset
Proceeds from disposal of oil-linked assets fully re-invested into “green”
2008-2014, disposals from oil sector: ≃€ 3,300mn
200-2015, investments into “green”: ≃€ 3,900mn
BUSINESS PORTFOLIO REPOSITIONED TOWARDS RENEWABLES
Disposals (Cash-in)
Total Disposals 2008-2014: ≃€3,300mn
Investments (EV)
Total Investments 2008-2015: ≃€3,900mn
Capital employed
2008
CO2 avoided in the 2008-2016 period
ERG today: becoming an IPP with EU asset platform
A bigger and diversified portfolio
2008
727 MW2015
2,720 MW
WIND
HYDRO
THERMOELECTRIC
Wind Wind Capapcity
≃1,700 MW
≃1,700 MW
Programmable
Hydro Capacity
≃527 MW
≃527 MW
Thermo Capacity
≃527 MW
≃527 MW
Annual Production ≃3,5 TWh
Annual Production ≃1.4 TWh
Annual Production ≃2.6 TWh
Total Production: ≃7.5 TWh, +45% vs 2014 pro-forma(I)
WIND
Wind Wind Capacity
≃1,700 MW
≃1,700 MW
Annual Production ≃3,5 TWh
HYDRO
Programmable Hydro Capacity
≃527 MW
≃527 MW
Annual Production ≃1.4 TWh
THERMOELECTRIC
Programmable Thermo Capacity
≃527 MW
≃527 MW
Annual Production ≃2.6 TWh
Total Production: ≃7.5 TWh,
+45% vs 2014 pro-forma(I)
+45% vs 2014 pro-forma(I)