Since January 1st the Global Networks Business [PDF]   includes the energy Transmission and Distribution businesses, as well as those of any other regulated nature, originating in Spain, the United Kingdom, the United States and Brazil. This will implement best practice in Group´s Networks business:

• Increase the quality and reliability of supply
• Optimise Operating Expenses
• Leverage the transformation based on technology
• Identify business growth opportunities

Positive progress in Spain and United States

The magnitudes during the first quarter of 2013 have been:

• The Gross Margin of the Networks Business registered a a decrease (-5.8%), as the decline in Brazil (-39.2%) was not offset by the growth in other geographic areas (+10.7%). In this business, the temporary impact of the excess energy costs in Brazil (€68 million) will be recovered in twelve months, from the annual revision of tariffs in April for Neoenergia and in August for Elektro.
• Ebitda from the Networks business rose to €1,005.9 in the period, which is 6,1% less than the same period of 2012.
• Ebitda breakdown:
  • In Spain, Ebitda from networks rose 13% to €383.1 million. Gross Margin for Networks Business in Spain increased by 6.4% to €494.4 million.
  • In the UK, Ebitda fell 4.4% to €219.7 million. Gross Margin increased by 3.8% to €294.8 million.
  • In the United States, networks raised Ebitda by 23.2% to €263.1 million. Gross Margin increased by 6.4% to €420.3 million.
  • Brazil, included in among regulated businesses, achieved Ebitda of €140.0 million (-51.6%). A reduction in tariffs had a €39 million impact in the first quarter. Business there was also affected by additional costs relating to drought conditions which had a negative impact of €68 million and which will be expected to recover in the second half of 2013 and in 2014, as well as a 16% depreciation of the Brazilian real. In Brazil, the Gross Margin amounted to €240.1 million (-39.2%) despite the increase of distributed electricity (+5.4%) compared with the first quarter of 2012.
• As in Spain at the end of the first quarter of 2013, IBERDROLA managed more than 10.85 million supply points and the total energy distributed amounted to 24,007 GWh, a 5.7% reduction compared to the same period in 2012. The TIEPI supply quality indicator (Interruption Time Equivalent to the Installed Capacity) stood at 22.4 minutes(1). 
• In United Kindom, IBERDROLA distributed to more than 3.4 million customers. The volume of energy distributed during the first quarter of 2013 was 10,520 GWh, representing an increase of 1.9% in relation to the same period of the previous year. During the regulatory year 2011-2012 Scottish Power Distribution and Scottish Power Manweb improved their quality of supply, entitling them to a financial incentive. The mechanism that incentivises network reliability changed on 1 April 2012, incorporating different aspects of customer service that affect all network areas.
• IBERDROLA USA had 1.8 million electricity supply points in the United States. The energy volume distributed to date was 8,468 GWh, an increase of +4.9% compared with the same period of the previous year. The frecuency index of average interruptions per consumer (System Average Interruption Frecuency Index, SAIFI) have evolved favourably(1). Also, the number of gas users is 0.6 million, with a supply of 13,251GWh.
• In Brazil, IBERDROLA has distributed through Neoenergia (Coelba, Cosern and Celpe) and  Elektro(2), a total of 12,877 GWh, which represents an increase of 5.4% over the same period last year. The number of clients was 12 million, 2.8% growth.

Further information on economic-financial and operating data of the IBERDROLA Group can be found in the section In Figures and First Quarter 2013 Report Results [PDF].

REGULATED BUSINESS EBITDA BREAKDOWN (% AND € MILLION)

| 2012 KEY FIGURES | 2011 KEY FIGURES | 2010 KEY FIGURES |