Iberdrola : Energy Balance Q1 2019

/ IBE-WATCH FACT SHEET H1 2019

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		IBERDROLA: Net Electricity Production (provisional)
	TOTAL GROUP	April - June 2019			Year 2019
	GWh	% Weight	vs 2018		GWh	% Weight	vs 2018
	Renewables	14,252	39%		-13.0%		31,371	41%		-10.7%
		Onshore wind	8,801	24%		1.5%		18,611	25%		-6.9%
		Offshore wind	382	1%		18.5%		1,024	1%		40.6%
		Hydro	4,566	13%		-34.9%		10,790	14%		-21.8%
		Mini-hydro	173	0%		-29.0%		366	0%		-9.2%
		Solar and other	330	1%		164.4%		580	1%		193.6%
	Nuclear	5,971	16%		18.4%		12,375	16%		12.3%
	Gas Combined Cycle	14,310	39%		15.8%		27,337	36%		7.4%
	Cogeneration	1,872	5%		13.5%		4,166	6%		23.2%
	Coal	0	0%		-100%		349	0%		-40.4%
	TOTAL	36,404	100%		2.4%		75,599	100%		0.0%
	SPAIN	April - June 2019			Year 2019
	GWh	% Weight	vs 2018		GWh	% Weight	vs 2018
	Renewables	4,682	34%		-33.1%		10,933	38%		-27.6%
		Onshore wind	2,908	21%		20.6%		6,252	22%		-8.3%
		Hydro	1,601	12%		-63.0%		4,315	15%		-45.1%
		Mini-hydro	173	1%		-29.0%		366	1%		-9.2%
		Solar and other	0	0%		-99.7%		0	0%		-99.6%
	Nuclear	5,971	44%		18.4%		12,375	43%		12.3%
	Gas Combined Cycle	2,417	18%		343.9%		3,849	13%		153.2%
	Cogeneration	646	5%		0.8%		1,323	5%		8.5%
	Coal	0	0%		-100%		349	1%		-40.4%
	TOTAL	13,715	100%		2.7%		28,830	100%		-2.1%
	Hydro Reservoir levels at 30/06/19	44% (4,987 GWh)
	UK	GWh	% Weight	vs 2018		GWh	% Weight	vs 2018
	Renewables	632	100%		-36.6%		2,152	100%		-19.8%
		Onshore wind	527	83%		-33.1%		1,823	85%		-10.5%
		Offshore wind	105	17%		-13.5%		329	15%		-10.1%
		Hydro	0	0%		-100%		0	0%		-100%
	Gas Combined Cycle	0	0%		-100%		0	0%		-100%
	TOTAL	632	100%		-75.4%		2,152	100%		-66.9%
	US	GWh	% Weight	vs 2018		GWh	% Weight	vs 2018
	Renewables	4,701	90%		-0.7%		8,923	86%		-6.1%
		Onshore wind	4,536	87%		-0.3%		8,633	83%		-5.9%
		Hydro	55	1%		-30.2%		112	1%		-30.8%
		Solar and other	110	2%		4.3%		178	2%		4.1%
	Gas Combined Cycle	0	0%		-73.8%		1	0%		-78.6%
	Cogeneration	518	10%		73.7%		1,475	14%		84.8%
	TOTAL	5,220	100%		3.7%		10,399	100%		0.9%
	*100% Avangrid Inc. (81.5% owned by Iberdrola S.A.)
	MEXICO	GWh	% Weight	vs 2018		GWh	% Weight	vs 2018
	Renewables	363	3%		120.2%		850	3%		68.9%
		Onshore wind	146	1%		-11.6%		452	2%		-10.2%
		Solar and other	218	2%		N/A		398	2%		N/A
	Gas Combined Cycle	11,501	91%		24.1%		22,404	91%		24.5%
	Cogeneration	708	6%		-0.3%		1,369	6%		0.2%
	TOTAL	12,572	100%		24.0%		24,623	100%		23.9%
	BRAZIL	GWh	% Weight	vs 2018		GWh	% Weight	vs 2018
	Renewables	3,299	89%		9.7%		7,110	87%		12.1%
		Onshore wind	388	11%		-20.2%	747	9%		-10.0%
		Hydro	2,911	79%		15.5%		6,363	78%		15.5%
	Gas Combined Cycle	392	11%		-59.8%		1,083	13%		-48.6%
	TOTAL	3,690	100%		-7.3%		8,192	100%		-3.0%
	*100% Neoenergia, 50% + 1 share owned by Iberdrola S.A. (before 52.45%)
	IEI*	GWh	% Weight	vs 2018		GWh	% Weight	vs 2018
	Renewables	575	100%		21.6%		1,403	100%		40.4%
		Onshore wind	296	51%		9.7%		704	50%		11.3%
		Offshore wind	277	48%		37.9%		695	50%		91.7%
		Solar and other	2	0%		-16.1%		4	0%		3.0%
	TOTAL	575	100%		21.6%		1,403	100%		40.4%

*Iberdrola Energía Internacional, formerly RoW

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			/ IBE-WATCH FACT SHEET	H1 2019
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		IBERDROLA: Installed Capacity (Provisional)
			TOTAL GROUP	June 2019			June 2018
			MW	% Weight			MW	% Weight
			Renewables	30,362	62%			29,479		60%
			Onshore wind	16,422	34%			15,541		32%
			Offshore wind	572	1%			544		1%
			Hydro	12,620	26%			12,635		26%
			Mini-hydro	306	1%			303		1%
			Solar and other	442	1%			455		1%
			Nuclear	3,177	7%			3,177		7%
			Gas Combined Cycle	12,885	26%			14,007		29%
			Cogeneration	1,335	3%			1,335		3%
			Coal	874	2%			874		2%
			TOTAL	48,632	100%			48,871		100%
			SPAIN	June 2019			June 2018
			MW	% Weight			MW	% Weight
			Renewables	15,828	61%			15,821		61%
			Onshore wind	5,770	22%			5,752		22%
			Hydro	9,715	37%			9,715		37%
			Mini-hydro	306	1%			303		1%
			Solar and other	37	0%			50		0%
			Nuclear	3,177	12%			3,177		12%
			Gas Combined Cycle	5,695	22%			5,695		22%
			Cogeneration	353	1%			353		1%
			Coal	874	3%			874		3%
			TOTAL	25,926	100%			25,919		100%
			UK	MW	% Weight			MW	% Weight
			Renewables	2,128	100%			2,666		57%
			Onshore wind	1,906	90%			1,906		41%
			Offshore wind	222	10%			194		4%
			Hydro	0	0%			566		12%
			Gas Combined Cycle	0	0%			2,000		43%
			TOTAL	2,128	100%			4,666		100%
			USA	MW	% Weight			MW	% Weight
			Renewables	7,335	90%			6,631		89%
			Onshore wind	7,087	87%			6,385		85%
			Hydro	118	1%			118		2%
			Solar and other	129	2%			128		2%
			Gas Combined Cycle	212	3%			212		3%
			Cogeneration	636	8%			636		9%
			TOTAL	8,183	100%			7,479		100%
			*100% Avangrid Inc. (81.5% owned by Iberdrola S.A.)
			MEXICO	MW	% Weight			MW	% Weight
			Renewables	807	11%			648		10%
			Onshore wind	537	7%			378		6%
			Solar and other	270	4%			270		4%
			Gas Combined Cycle	6,446	85%			5,568		85%
			Cogeneration	346	5%			346		5%
			TOTAL	7,599	100%			6,562		100%
			BRAZIL	MW	% Weight			MW	% Weight
			Renewables	3,302	86%			2,751		84%
			Onshore wind	516	13%			516		16%
			Hydro	2,786	73%			2,236		68%
			Gas Combined Cycle	533	14%			533		16%
			TOTAL	3,835	100%			3,284		100%
			*100% Neoenergia, 50% + 1 share owned by Iberdrola S.A. (before 52.45%)
			IEI*	MW	% Weight			MW	% Weight
			Renewables	961	100%			961		100%
			Onshore wind	605	63%			605		63%
			Offshore wind	350	36%			350		36%
			Solar and other	6	1%			6		1%
			TOTAL	961	100%			961		100%

*Iberdrola Energía Internacional, formerly RoW

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/ IBE-WATCH FACT SHEET H1 2019

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			IBERDROLA: Distributed Energy (Provisional)
ELECTRICITY	April - June 2019		Year 2019
GWh	vs 2018		GWh	vs 2018
Spain	22,500	0.2%		46,487		-0.6%
UK	7,821	-1.8%		17,077		-4.1%
USA(1)	8,661	-4.4%		18,687		-1.9%
Brazil(2)	16,606	5.4%		34,012		5.2%
Total Electricity	55,588	0.7%		116,263		0.3%
GAS
USA	10,464	-9.9%		37,651		0.7%
Total Gas	10,464	-9.9%		37,651		0.7%
	(1) 100% Avangrid Inc. (81.5% owned by Iberdrola S.A.)
	(2) 100% Neoenergia, 50% + 1 share owned by Iberdrola S.A. (before 52.45%)
			IBERDROLA: Emissions (Provisional)
					H1 2019		H1 2018
C02 emissions over the period (gr. CO2 /KWh): Total		158		149
C02 emissions over the period (gr. CO2 /KWh): Spain		87		65
C02 emissions over the period (gr. CO2 /KWh): UK		0		229
C02 emissions over the period (gr. CO2 /KWh): USA		56		31
C02 emissions over the period (gr. CO2 /KWh): Brazil		37		70
C02 emissions over the period (gr. CO2 /KWh): Mexico		349		352
Emission-free production: Total (GWh)		43,747		46,149
Emission-free production: Spain (GWh)		23,309		26,118
Ratio emission-free production to total production: Total (%)	58%		61%
Ratio emission-free production to total production: Spain (%)	81%		89%
Emission-free installed capacity: Total (MW)		33,538		32,177
Emission-free installed capacity: Spain (MW)		19,004		18,997
Emission-free installed capacity: Total (%)		69%		66%
Emission-free installed capacity: Spain (%)		73%		73%
Ratio high-emission technologies production: Total (%)		0%		1%
Ratio low-emission technologies production: Total (%)		42%		38%
			Sustainability
					Ranking
			Dow Jones Sustainability World Index 2018	Selected in the utility sector. Iberdrola member in all editions
			Sustainability Yearbook ROBECOSAM 2018	Classified as "Silver Class" in the electricity sector.
			MSCI Global Sustainability Index Series		Iberdrola selected AAA
			CDP Climate Change 2018		A-
			Global 100		Iberdrola Selected
			Sustainalytics	Iberdrola among the highest rated utilities
			ISS-oekom		Iberdrola selected Prime
			FTSE4Good		Selected for 10 years
			Bloomberg Equality Index 2019		Iberdrola selected
			Euronext Vigeo Eiris index: World 120, Eurozone 120 &		Iberdrola selected
			Europe 120
			Ecovadis	Iberdrola as one of the companies with the best performance
			2019 World's Most Ethical Company	Iberdrola selected. Only Spanish utility
			ECPI	Iberdrola lected in several Sustainability Indices
			Stoxx Global ESG Leaders/Eurostoxx Sustainability		Iberdrola selected
			40/Eurostoxx ESG Leaders 50
			EcoAct	Iberdrola first utility in the ranking
			Influence Map		Iberdrola selected
			MERCO 2019	mercoEmpresas: Leader among Spanish utilities: energy,
				gas, and water industry
			Newsweek and Green Rankings		Iberdrola fifth utility worldwide
			Energy Intelligence	Iberdrola among the top three utilities in the EI New Green
				Utilities Report 2018
			Forbes	Iberdrola selected in Forbes 2019: GLOBAL World's Largest
				Public Companies 2000
			ET Carbon Rankings		Iberdrola selected
			Fortune Global 500		Iberdrola selected

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/ IBE-WATCH FACT SHEET H1 2019

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LEGAL NOTICE

DISCLAIMER

This document has been prepared by Iberdrola, S.A. in connection with the presentation of financial results for the first semester of the 2019 fiscal year.

The information and any opinions or statements made in this document have not been verified by independent third parties; therefore, no express or implied warranty is made as to the impartiality, accuracy, completeness or correctness of the information or the opinions or statements expressed herein.

This document contains forward-looking information and statements about Iberdrola, S.A., including financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, capital expenditures, synergies, products and services, and statements regarding future performance. Forward-looking statements are statements that are not historical facts and are generally identified by the words "expects," "anticipates," "believes," "intends," "estimates" and similar expressions.

Although Iberdrola, S.A. believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of Iberdrola, S.A. shares are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Iberdrola, S.A. that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in the documents sent by Iberdrola, S.A. to the Spanish Comisión Nacional del Mercado de Valores, which are accessible to the public.

Forward-looking statements are not guarantees of future performance. They have not been reviewed by the auditors of Iberdrola, S.A. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date they were made. All subsequent oral or written forward-looking statements attributable to Iberdrola, S.A. or any of its members, directors, officers, employees or any persons acting on its behalf are expressly qualified in their entirety by the cautionary statement above. All forward-looking statements included herein are based on information available to Iberdrola, S.A. on the date hereof. Except as required by applicable law, Iberdrola, S.A. does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither Iberdrola, S.A. nor its subsidiaries or other companies of the Iberdrola Group or its affiliates assume liability of any kind, whether for negligence or any other reason, for any damage or loss arising from any use of this document or its contents. Neither this document nor any part of it constitutes a contract, nor may it be used for incorporation into or construction of any contract or agreement.

Information in this document about the price at which securities issued by Iberdrola, S.A. have been bought or sold in the past or about the yield on securities issued by Iberdrola, S.A. cannot be relied upon as a guide to future performance.

IMPORTANT INFORMATION

This document does not constitute an offer or invitation to purchase or subscribe shares, in accordance with the provisions of (i) the restated text of the Securities Market Law approved by Royal Legislative Decree 4/2015, of 23 October; (ii) Regulation (EU) 2017/1129 of the European Parliament and of the Council, of 14 June 2017, on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC; (iii) Royal Decree-Law 5/2005, of 11 March; (iv) Royal Decree 1310/2005, of 4 November; and (v) their implementing regulations.

In addition, this document does not constitute an offer of purchase, sale or exchange, nor a request for an offer of purchase, sale or exchange of securities, nor a request for any vote or approval in any other jurisdiction.

The shares of Iberdrola, S.A. may not be offered or sold in the United States of America except pursuant to an effective registration statement under the Securities Act of 1933 or pursuant to a valid exemption from registration. The shares of Iberdrola, S.A. may not be offered or sold in Brazil except under the registration of Iberdrola, S.A. as a foreign issuer of listed securities, and a registration of a public offering of depositary receipts of its shares, pursuant to the Capital Markets Act of 1976 (Federal Law No. 6,385 of December 7, 1976, as further amended), or pursuant to a valid exemption from registration of the offering.

This document and the information presented herein was prepared by Iberdrola, S.A. solely with respect to the consolidated financial results of Iberdrola, S.A. and was prepared and is presented in accordance with the International Financial Reporting Standards ("IFRS"). This document does not contain, and the information presented herein does not constitute, an earnings release or statement of earnings of Avangrid, Inc. ("Avangrid") or Avangrid's financial results. Neither Avangrid nor its subsidiaries assume responsibility for the information presented herein, which was not prepared and is not presented in accordance with United States Generally Accepted Accounting Principles ("U.S. GAAP"), which differs from IFRS in a number of significant respects. IFRS financial results are not indicative of U.S. GAAP financial results and should not be used as an alternative to, or a basis for anticipating or estimating, Avangrid's financial results. For information regarding Avangrid's financial results for the first semester of the 2019 fiscal year, please see its corporate website at www.avangrid.comand the Securities and Exchange Commission ("SEC") website at www.sec.gov.

This document does not contain, and the information presented herein does not constitute, an earnings release or statement of earnings of Neoenergia S.A. ("Neoenergia") or Neoenergia's financial results. Neither Neoenergia nor its subsidiaries assume responsibility for the information presented herein. For information regarding Neoenergia's financial results available to date, please see its investor relations website at www.ri.neoenergia.comand the Brazilian Comissão de Valores Mobiliários ("CVM") website at www.cvm.gov.br.

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