Enel SpA

Enel SpA

Enel is Italy`s largest power company and Europe`s second-largest utility for installed capacity. It produces, distributes and sells electricity and gas across Europe, North and Latin America. After the acquisition of the Spanish utility Endesa, together with partner Acciona, and the tender offer launched on the Russian generation company OGK-5, Enel has now a presence in 21 countries with approx. 100.000 MW of generating capacity and serves about 50 million power and gas customers. Listed on the Milan and New York stock exchanges since 1999, Enel has the largest number of shareholders of any European company, at some 2.3 million. It has a market capitalisation of about EUR 50 billion.

Company details

Viale Regina Margherita, 137 , Rome , IT 00198 Italy

Locations Served

Business Type:
Service provider
Industry Type:
Energy - Energy Utilities
Market Focus:
Globally (various continents)
Year Founded:
1962
Employees:
Over 1000
Turnover:
more than 1,000,000,000 €

Enel is a multi-national power company and a leading integrated player in the world’s power and gas markets, with a particular focus on Europe and Latin America. The Group operates in 32 countries across 4 continents, generating power from over 95 GW of net installed capacity and distributing electricity and gas through a network spanning around 1.9 million km. In Europe, Enel is the number one power company in terms of reported EBITDA and, with its 61 million end users worldwide, it has the largest customer base among its European peers (data as of December 31st, 2013).

Business Overview
In 2013, Enel posted revenues of around 80.5 billion euros, EBITDA of approximately 17 billion euros and net ordinary income of around 3.1 billion euros. As of September 30th, 2014, the Group has over 71,000 employees and operates a wide range of hydroelectric, thermoelectric, nuclear, geothermal, wind, solar and other renewable power plants. Over 46% of the power generated by Enel in 2013 was carbon free.

Enel is strongly committed to renewable energy sources and to the research and development of new environmentally friendly technologies. Enel Green Power (EGP) is the Group’s publicly listed renewable energy generation Company, operating approximately 9.5 GW of net installed capacity of hydro, wind, geothermal, solar, biomass and co-generation sources in Europe, the Americas and Africa. Enel Green Power is, technology-wise, the most diversified renewable company among its global peers.

Enel was the first utility in the world to replace the traditional electromechanical meters with smart meters, making it possible to measure consumption in real time and manage contractual relationships remotely. Today, around 32 million Italian retail customers are equipped with smart meters developed and installed by Enel. The Group is deploying an additional 13 million smart meters to its customer base in Spain as well as running pilot tests for the smart cities of Búzios (Brazil) and Santiago (Chile). This innovative tool is key to the development of smart grids, smart cities and electric mobility.

Shareholding Structure
Listed on the Milan stock exchange since 1999, Enel has the largest number of shareholders of any Italian company, with 1.1 million retail and institutional investors. The largest of Enel’s shareholders is the Italian Ministry of Economy and Finance which holds 25.5% of the Company’s shares. In addition to Enel, thirteen other Group companies are listed on the stock exchanges of Italy, Spain, Russia, Argentina, Brasil, Chile and Peru. Enel’s commitment to values embodied in its Code of Ethics, its Sustainability Report and the adoption of international best practices promoting environmental protection, transparency and corporate governance, have all attracted international investment funds, insurance companies, pension funds and ethical funds to its shareholder register.

Global Presence
As a global multi-national Group, Enel is actively engaged in consolidating its assets and further integrating its businesses.

In Italy, Enel is the largest electricity company. It operates in the field of electricity generation of thermal and renewable power plants with nearly 37 GW of installed capacity. Of these, more than 3 GW of renewable plants are operated through EGP. Furthermore, Enel manages the majority of the Italian electricity distribution network and offers an integrated package of electricity and gas products and services to its 31 million Italian customers.

In Iberia, after placing on the Madrid Stock Exchange an additional 22% of the share capital of its Spanish subsidiary Endesa, Enel now owns 70.1% of the leading power company in Spain and the second largest power company in Portugal. Endesa has approximately 22 GW of installed capacity and a strong presence in the distribution sector and in the sale of electricity and gas products with around 13 million customers. Furthermore, EGP operates 1.8 GW of renewable plants in this region.

In Europe, Enel is also present in Slovakia, where it owns 66% of Slovenské Elektrárne, the largest electricity generator in the country and the second-largest in Central & Eastern Europe, with a generation capacity of around 5 GW. In Romania, the Group serves 2.7 million customers through its distribution network while EGP owns and operates renewable generation plants in Both Romania and Greece. In Russia, Enel operates in the generation sector - where its subsidiary Enel Russia owns more than 9 GW of thermal capacity - as well as in the retail sector, where the Group owns 49.5% of RusEnergoSbyt, one of the largest independent suppliers in the country. In France, Enel is active in electricity and gas supply as well as in renewable generation.

Enel is a major player in the Latin American power market, where its subsidiary Enersis is the leading private-sector utility both in terms of installed capacity and number of clients (as of December 31st, 2013). Enersis’ subsidiaries operate in 5 countries, with nearly 17 GW of installed capacity from thermal, hydro and other renewable power plants and serves 14.6 million customers. In the generation sector, Enersis owns and operates 4.4 GW in Argentina, 1.0 GW in Brazil, 6.3 GW in Chile, 3 GW in Colombia and 1.8 GW in Peru. In the distribution sector, the Group is present in the state of Cearà in Brazil and in five of the largest cities in South America: Rio de Janeiro, Bogota, Buenos Aires, Santiago de Chile and Lima. In the transmission sector, Enersis operates an interconnection power line between Brazil and Argentina. In addition, Chile and Brazil, along with Costa Rica, Guatemala, Panama and Mexico host more than 1.4 GW of wind and hydroelectric plants operated by EGP Latin America.

In North America EGP North America owns and operates over 2 GW of hydroelectric, geothermal, wind, solar and biomass power plants.

In Africa Enel is present in the upstream gas sector, developing gas fields in Algeria and Egypt. Through Endesa, Enel also operates a thermal power plant in Morocco. In South Africa, Enel Green Power recently completed and connected to the grid its first photovoltaic plant in the country, in Upington (10 MW), after it was awarded photovoltaic and wind energy supply contracts for a total of 513 MW within the framework of a public renewable energy tender sponsored by the South African government.

'At Enel our mission is to create and distribute value in the international energy market, to the benefit of our customers' needs, our shareholders' investments, the competitiveness of the countries in which we operate and the expectations of all those who work with us.
Enel works to serve the community, respecting the environment and the safety of individuals, with a commitment to creating a better world for future generations.'

Enel employs 75,360 people, who operate a highly diversified number of power plants for hydroelectric, thermoelectric, nuclear, geothermal, windandphotovoltaicpower generation.

In 2011, revenues amounted to 79,514 million euros (+8.4% compared with 2010). Gross operating margin (EBITDA) came to 17,717million euros (+1.4%), while the Group net income amounted to 4,148 million euros (-5.5%).

Enel was the first company in the world to replace all of its national customers’ traditional electromechanical meters with modern electronic devices that allow real time monitoring and remote contract management.

This innovation has allowed us to offer tariffs that vary according to the time of day, with savings in evening hours and on weekends, becoming once more a benchmark for several utilities worldwide.

Image

We work in an integrated way across the whole value chain of electricity and gas in 40 countries over 4 continents. We do so with the conviction that every new project must be one of growth for us and for the entire community around us.
It is a challenge which requires everyone’s talent and day-to-day commitment, as well as a consistent and ambitious strategy based on innovation and excellence as levers for sustainable growth, as well as ethics as a shared value of transparency.
The men and women of Enel are a fundamental resource and a source of wealth which the company aims to valorise by guaranteeing everyone the opportunity to enhance their own technical, professional and managerial skills.

Respect
The priority commitment for the safety of everyone working for and with us. It ensures constant attention to the needs of clients.

Attention to people
Attention to the talents and aspirations of people working for Enel. Rewarding the merit of people placing their talent at the service of the company.

Results-oriented
The focus on continual improvement to ensure better results and respond to the expectations of shareholders. It is an approach to daily work: “do more with less”.

Ethical rigour
Competence and capacity to work well in order to attain excellence without shortcuts.

Social Responsibility
Individual and collective responsibility towards the society in which we live and, especially, towards the environment. The importance of ensuring that all our actions are transparent and accountable.