EDP-Energias — Management Reports 2017

Oct 17, 2017

9M 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

October 17th, 2017

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

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

3 Q 1 7	3 Q 1	9 M 1	9 M 1 6
			% 2 8
2	2	2	2
4	1	7	8
%	%	%	%
2	1	2	2
1	7	5	3
%	%	%	%
2	2	2	2
2	1	6	7
%	%	%	%
2	2	3	3
3	4	4	2
%	%	%	%
1	2	2	2
3	1	7	7
%	%	%	%
3 9 %		4 1 %	-
2	2	3	3
3	%	%	2
%	4	4	%
5	3	4	3
5	2	2	0
%	%	%	%
2	2	3	2
3	2	0	9
%	%	%	%
9 6 %	9 7 %	9 9 %	1 0 0 %
	% 2 2	6 % 2 3 -	7 % 2 6

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ity l i da d 1 0, 6 5 2 +2 4 5 +9 1 7 E B I T D A M W Eq te + u co ns o	6 7 5

•EDPR produced 19.8 TWh of clean energy in the 9M17 (+10% YoY). The YoY increase inproduction benefits from the capacity additions over the last ¹² months along with ^a higher YoYwind resource (30% vs 29% in the 9M16).

•In the 9M17, EDPR operations in Europe, North America and Brazil generated 43%, 54% and 3% of the total output, respectively. In Europe, EDPR generation decreased 1% YoY to 8.5 TWh, with YoY comparison impacted by the outstanding wind resource in the 9M16 vs ^a normalized windresource in the 9M17. In North America, EDPR output increased by 19% YoY, to 10.7 TWh, reflecting the higher capacity and the higher load factor of such projects. In Brazil, productionincreased to ⁵⁶⁴ GWh driven by capacity additions with higher wind resource.

•In the 9M17, EDPR achieved ^a 30% load factor (vs 29% in the 9M16) reflecting capacity additions with higher load factors and the wind resource in the period (99% vs 100% of P50 in 9M16). In the 3Q17, EDPR reached ^a 23% load factor (vs 22% in the 3Q16), with QoQ comparison benefiting from capacity additions with higher load factor.

•In Europe, EDPR reached 26% load factor (vs 27% in the 9M16), with YoY comparison penalized by 9M16 outstanding wind resource in Spain and Portugal. In the 9M17, EDPR accomplished ^a loadfactor of 26% in Spain, above market average (+3pp). In Portugal, EDPR reached ^a load factor of 27%, which was lower YoY but still higher if compared with an average 9M. In RoE, EDPR delivered^a 25% load factor vs 23% in the 9M16. In North America, EDPR achieved ^a 34% load factor (vs 32%in the 9M16), benefitting from capacity additions with higher load factors. In Brazil, EDPR reached^a 42% load factor (vs 30% in the 9M16), also benefitting from ^a YoY higher wind resource along with the positive impact from the latest capacity additions.

•As of Sep-17 EDPR managed ^a global portfolio of 10.7 GW spread over ¹¹ countries, of whichEurope accounted for 49%, including 2.4 GW in Spain, 1.6 GW in RoE and 1.3 GW in Portugal, North America for 49%, including 5.1 GW in US, ³⁰ MW in Canada and 0.2 GW in Mexico, andBrazil for the remaining, equivalent to 0.2 GW.

•In the 9M17, EDPR global portfolio increased by ²⁴⁵ MW, of which ²²⁰ MW are related to newcapacity (US: ¹⁹⁹ MW; France: ¹⁸ MW; Portugal: ³ MW) and the remaining ²⁵ MW to the acquisition of ^a 50% participation in ^a Spanish wind farm that was previously equity accounted.

• •In the last ¹² months EDPR increased its global portfolio by ⁹¹⁷ MW, of which ⁹⁰ MW in Europe and ⁸²⁷ MW in North America. In Europe, ⁴⁴ MW were installed in Italy, ¹⁸ MW in France, ³ MWin Portugal and ²⁵ MW net were added in Spain. In North America, were completed ⁶ wind farms, of which ⁵ in the US: Hidalgo (250 MW), Timber Road III (101 MW), Meadow Lake ^V (100 MW), Redbed Plains (99 MW) and Jericho Rise (78 MW), and ¹ wind farmin Mexico (200 MW).
• •As of Sep-17, EDPR had ⁶⁷⁵ MW under construction. In the US were under construction ³⁰³ MW, namely Quilt Block ⁹⁸ MW (Wisconsin), Arkwright ⁷⁸ MW (New York) and Hog Creek ⁶⁶ MW (Ohio) projects, along with ⁶⁰ MW (South Carolina) related to solar PV projects with qualified facility PPAs for the entire production over ¹⁵ years. In Europe were ¹⁰⁹ MW under construction, of which ⁶⁸ MW in Spain, ³⁷ MW in Italy and ⁴ MW in France. In Brazil were under construction ^a total of ²⁶³MW from Babilonia and JAU and Aventura wind farms.

Next Events: 9M17 Results will be published on October 31st, 2017 before the Euronext Lisbon market opens.

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