Overview of Iberdrola Australia

Iberdrola Renewables Australia Pty Limited (Iberdrola Australia) is a company incorporated in Australia on 5 September 2018. The primary business activity of Iberdrola Australia is the development of the Port Augusta hybrid wind and solar plant in South Australia, which will have a total installed capacity of 317MW.

Iberdrola Australia is a wholly owned Subsidiary of Iberdrola, S.A.

The operation and governance of Iberdrola Australia is subject to Australian law.

Iberdrola, S.A.

With over 170 years Iberdrola, S.A. (Iberdrola) is the parent company of the Iberdrola Group, which primarily carries out activities in the electricity industry in the Kingdom of Spain, the United Kingdom, the United States of America, Mexico and Brazil, and has a significant presence in France, Italy, Portugal and Greece (amongst others). With the scope and under the conditions established in applicable regulations in each jurisdiction, the activities carried out in such industries can be classified into regulated activities and liberalised activities.

Iberdrola is a listed Spanish corporation (sociedad anónima) which was incorporated in the Kingdom of Spain for an indefinite period on 19 July 1901. Its present name was adopted at the General Shareholders’ Meeting held on 1 November 1992, following the merger of “Iberduero, S.A.” and “Hidroeléctrica Española, S.A.”

With over 170 years of history, Iberdrola currently heads one of the world’s leading private electricity groups in terms of market capitalisation and the number of customers it serves, and is the number one producer of wind power.

Iberdrola Group also has an existing presence in the Australian energy market, via its Port Augusta Project in South Australia, which will be a hybrid wind and solar plant with a total installed capacity of 317MW. The Port Augusta Project is not expected to be fully operational until 2021. In addition, Iberdrola Group also has 300MW+ of wind and solar pipeline assets that it intends to develop in South Australia and Queensland, which would create a combined renewable energy portfolio for Iberdrola Group in Australia of approximately 650 MW (excluding Infigen’s projects).

As at 31 March 2020, Iberdrola Group had global net assets of €47.170 billion (A$77.135 billion)1 and for the year ending 31 March 2020 had revenue of €9.426 billion (A$15.414 billion)1 and net profit of €1,257 million (A$2.056 billion)1.

Iberdrola shares are admitted to listing on the Bilbao, Barcelona, Madrid and Valencia stock exchanges (Spanish Stock Exchanges) and traded through the Spanish Automated Quotation System (Sistema de Interconexión Bursátil Español) or Continuous Market (Mercado Continuo), within the energy sector, electricity sub-sector, and are included in the Spanish Stock Exchanges’ reference index IBEX-35. In addition, on 23 June 2003, Iberdrola’s shares were included in the FTSE EuroStoxx 100 index and, on 1 September 2003, in the EuroStoxx 50 index. Iberdrola is also listed in New York, USA, through a Level 1 American Depositary Receipts (ADR) programme traded on an over-the-counter (OTC) basis.

As at the Last Trading Date the market capitalisation of Iberdrola was €65.76 billion (A$107.54 billion)1.

1 Conversion based on an AUD/EUR exchange rate of 1.6353, being the last close price on Bloomberg on 19 June 2020.