EDP ENERGIAS : Apresentação de Resultados 1S16

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This document has been prepared by EDP - Energias de Portugal, S.A. (the "Company") solely for use at the presentation to be made on the 29th of July, 2016 and its purpose is merely of informative nature and, as such, it may be amended and supplemented. By attending the meeting where this presentation is made, or by reading the presentation slides, you acknowledge and agree to be bound by the following limitations and restrictions. Therefore, this presentation may not be distributed to the press or to any other person in any jurisdiction, and may not be reproduced in any form, in whole or in part for any other purpose without the express and prior consent in writing of the Company.

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including 4% negative impact from ForEx

Net profit -20% to €472m (non recurring gain on Pecém in 1H15)

Regulatory receivables down 34% in 1H16 to €1.6bn

Weight on Recurring EBITDA

Recurring EBITDA

• Favourable hydro conditions in 1H16 vs. 1H15 and successful energy management strategy

  31%

  Generation & Supply +28%

  • Focus on retail/SMEs customers: +300k (+5%) electricity & gas contracts in 1H16

  • Generation portfolio: commissioning of new hydros; Coal restructuring (1 shutdown; 2 Denox)

    25% Regulated Networks Iberia

    +3%

  • Positive impact from regulatory review in electricity distribution in Spain (regulated revenues for 2016 +18% vs. 2015)

    32%

    12%

    EDPR EDP Brasil +18%

  • Avg. installed capacity: +14% YoY, with growth focused in US under long term contracts

  • Avg. wind resources in 1H16: 1% above historical average

    +3%EUR +29%BRL

  • 20% YoY devaluation of avg. BRL vs. EUR

  • EBITDA growth in local currency: End of losses from hydro deficit, Pecém (since May-15)