IBERDROLA RECORDS FIRST QUARTER EARNINGS OF € 878.6 MILLION

Comparison with the same period last year is affected by higher taxation on generation in Spain and temporary additional energy costs in Brazil, among other factors.

• Renewables and Generation and Supply drive a 5.5% rise in Gross Margin to  €3,573 million.
• Group efficiency improved by 4.6%; Ebitda was 3.7% lower at €2,279 million, with 72% from regulated businesses.
• For the first time, levies paid by the Company (€464 million) exceeded personnel costs (€434 million), particularly in the UK and Spain where they were 30% higher.
• Net Debt was reduced by €2 billion and gearing to 44.5%.
• Continued progress in meeting parameters in the 2012-2014 Outlook: non-strategic asset sales came to €1.1 billion, most of which will be received in the second quarter.
• Liquidity exceeded €12.2 billion, enough to cover financing needs for more than 3 years.
 

Extracted from Press Release, videos and audios published on the occasion of the Results Presentation celebration on April 24 2013. For more information look up First Quarter 2013 Report Results [PDF] and the Results Presentation First Quarter 2013 [PDF] published on April 24 2013 by the Company.

| 2012 IN FIGURES | 2011 IN FIGURES | 2010 IN FIGURES |

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• IBERDROLA records first quarter earnings of € 878.6 million
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