EDP-Energias — Earnings Release 2017

Jul 11, 2017

1H 2017Volumes & Capacity Statement

Investor Relations Department

Rui Antunes, Head of IRMaria FontesPia DomecqPaloma Bastos-Mendes

Phone: +34 902 830 700Fax: +34 914 238 429Email: ir@edpr.comSite:www.edpr.com

July 11th, 2017

EDP Renováveis, S.A. Head office: Plaza de la Gesta, 2 33007 Oviedo, Spain

( ) lec ic ity Ge d G h E W tr rat ne e	1 H 1 7	6 1 H 1	%
Sp in a	2, 6 6 5	2, 8 7 9	( ) 7 %
l Po rtu g a	1, 5 3 6	1, 7 5 1	( ) % 1 2
f Re Eu st o rop e	1, 8 4 0	1, 7 2 8	+6 %
Eu rop e	6, 0 4 1	6, 3 5 8	( ) 5 %
U S	7, 8 6 3	6, 7 1 2	% +1 7
da Ca na	4 4	3 9	+1 3 %
Me ico x	2 8 4	-	-
h ica No Am rt er	8, 1 9 1	6, 7 5 0	+2 1 %
l Bra i z	3 1 4	2 0 5	3 % +5
l To ta	1 4, 5 4 6	1 3, 3 1 4	+9 %

d ( ) Lo Fa % cto a r	2 Q 1 7	2 Q 1 6	1 H 1 7	1 H 1 6
Sp in a	% 2 6	% 2 6	% 2 8	% 3 1
l Po rtu g a	2 4 %	2 6 %	2 8 %	3 2 %
f Re Eu st o rop e	2 3 %	2 0 %	2 7 %	2 6 %
Eu rop e	% 2 5	% 2 4	% 2 8	% 3 0
S U	3 7 %	3 3 %	3 9 %	3 7 %
da Ca na	3 3 %		3 4 %	3 0 %
Me ico x	% 4 4	-	% 4 4	-
h ica No Am rt er	3 8 %	3 3 %	3 9 %	3 % 7
i l Bra z	3 8 %	2 8 %	3 6 %	2 9 %
l To ta	3 1 %		3 4 %	3 3 %

l le d ity ( ) Ins Ca M W ta p ac	1 H 1 7	Y T D	Yo Y	Un de r Co nst r.
Sp in a	2, 1 9 4	-	-	-
l Po rtu g a	1, 2 5 3	+3	+4	-
f Re Eu st o rop e	1, 5 6 0	+1 8	+7 4	4
Eu rop e	5, 0 0 7	+2 1	+7 9	4
U S	4, 6 3 1	-	+4 2 8	5 0 2
da Ca na	3 0	-	-	-
ico Me x	2 0 0	-	+2 0 0	-
h No Am ica rt er	4, 8 6 1	-	+6 2 8	5 0 2
i l Bra z	2 0 4	-	-	2 1 7
E B I T D A M W	1 0, 0 7 2	+2 1	+7 0 7	6 3 3
( ) Ot he ity l i da d Sp in U S te + r e q u co ns o a	3 5 6	-	-	-
l da d E B I T D A M W Eq ity i te + u co ns o	1 0, 4 2 8	+2 1	+7 0 7	6 3 3

•EDPR produced 14.5 TWh of clean energy in the 1H17, +9% YoY. The YoY increase in productionbenefits from the capacity additions over the last ¹² months (+707 MW YoY) along with ^a higher YoY wind resource (34% vs 33% in the 1H16).

•In the 1H17, EDPR operations in Europe and North America generated 42% and 56% of the total output, respectively. In Europe, EDPR generation decreased 5% YoY to 6.0 TWh, with YoY comparison impacted by the outstanding wind resource in the 1H16 in Europe vs ^a normalizedwind resource in the 1H17. In North America, EDPR output in the period increased by 21% YoY, to8.2 TWh, reflecting the growth in installed capacity and the higher load factor of such projects. InBrazil, production increased to ³¹⁴ GWh driven by capacity additions with higher load factor.

•In the 1H17, EDPR achieved ^a 34% load factor (vs 33% in the 1H16) reflecting ^a normalized windresource in the period (100% of P50) along with capacity additions with higher load factors. Inthe 2Q17, EDPR reached ^a 31% load factor (vs 28% in the 2Q16), with QoQ comparison benefiting from higher wind resource (2Q17 at 99% of P50 vs 2Q16 at 93% of P50).

•In Europe, EDPR reached 28% load factor (vs. 30% in the 1H16), with YoY comparison penalized by the 1Q16 outstanding wind resource in Spain and in the 1H16 in Portugal. In the period, EDPRaccomplished ^a load factor of 28% in Spain, above market average (+3pp). In Portugal, EDPRreached ^a load factor of 28%, which was lower YoY but in-line when compared with an average 1H. In RoE, EDPR delivered ^a 27% load factor vs 26% in the 1H16. In North America, EDPR achieved ^a 39% load factor (vs. 37% in the 1H16), benefitting from an average wind resource in the periodalong with addition over the last 12-months with higher expected load factors. In Brazil, EDPRreached ^a 36% load factor (vs. 29% in the 1H16), also benefitting from ^a YoY higher wind resource along with the positive impact from the latest capacity additions.

•As of Jun-17 EDPR managed ^a global portfolio of 10.4 GW spread over ¹¹ countries, of whichEurope accounted for 50%, including 2.4 GW in Spain, 1.6 GW in RoE and 1.3 GW in Portugal, North America accounted for 48%, including 4.6 GW in US, ³⁰ MW in Canada and 0.2 GW in Mexico, and Brazil accounted for the remaining 2%, equivalent to 0.2 GW.

•In the 1H17 EDPR installed ²¹ MW, all in Europe, of which ¹⁸ MW in France (wind) and ³ MW inPortugal (solar PV).

•In the last ¹² months EDPR increased its global portfolio by ⁷⁰⁷ MW, of which ⁷⁹ MW in Europe and ⁶²⁸ MW in North America. In Europe, ⁴⁴ MW were added in Italy, ³⁰ MW in France and ⁴ MWin Portugal. In the last ¹² months, in North America, were completed ⁴ wind farms, of which ³ inthe US: Hidalgo (250 MW; Texas), Timber Road III (101 MW; Ohio) and Jericho Rise (78 MW; NewYork) and in Mexico the ²⁰⁰ MW Eólica de Coahuila.

•As of Jun-17, EDPR had ⁶³³ MW under construction. In the US was under construction ⁵⁰² MW, namely Meadow Lake ^{V 100} MW (Indiana), Redbed Plains ⁹⁹ MW (Oklahoma), Quilt Block ⁹⁸ MW(Wisconsin), Arkwright ⁷⁸ MW (New York) and Hog Creek ⁶⁶ MW (Ohio; with 20-year PPA) projects, along with ⁶⁰ MW (South Carolina) related to ³ solar PV projects with qualified facility PPAs for the entire production over ¹⁵ years period. In Brazil was under construction ^a total of ¹²⁷MW from JAU and Aventura wind farms, and in Europe were under construction ⁴ MW in France.

Next Events: 1H17 Results will be published on July 26th, 2017 before the Euronext Lisbon market opens.

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