Iberdrola : Energy balance 9M 2018

T: + 34 91 784 28 04

IBERDROLA: Net Electricity Production (provisional)

TOTAL GROUP

July-September 2018

GWh % Weight

Renewables

11,746

35%

7,060

21%

4,034

12%

139

0%

Nuclear

6,369

19%

Gas Combined Cycle Cogeneration

12,896

38%

2,200

6%

Coal

750

2%

Onshore wind Offshore wind Hydro Mini-hydro Solar and other

TOTAL

33,961

100%

F: + 34 91 784 20 64

GWh	% Weight	vs 2017
46,874	43%	22.0%
27,051	25%	9.6%
1,082	1%	91.6%
17,841	16%	41.5%
562	1%	69.2%
337	0%	38.4%
17,390	16%	-5.4%
38,340	35%	-1.9%
5,582	5%	12.2%
1,336	1%	-16.3%
109,522	100%	6.9%
Year 2018
vs 2017	GWh	% Weight	vs 2017
50.3%	20,239	46%	34.2%
-18.8%	8,561	20%	4.1%
175.4%	11,062	25%	71.4%
110.8%	562	1%	69.2%
1.5%	54	0%	-17.5%
9.6%	17,390	40%	-5.4%
139.3%	2,923	7%	77.2%
-6.3%	1,822	4%	-7.1%
56.6%	1,336	3%	-16.3%
30.4%	43,710	100%	13.0%
41.3% (4,655 GWh)
GWh % Weight	vs 2017	GWh	% Weight	vs 2017
-16.5%	3,540	44%	3.4%
-10.4%	2,647	33%	11.2%
-21.2%	506	6%	-10.4%
-36.0%	387	5%	-19.3%
-65.1%	4,424	56%	-13.1%
-47.5%	7,964	100%	-6.5%
vs 2017	GWh	% Weight	vs 2017
16.4%	13,127	89%	12.7%
16.2%	12,648	85%	13.1%
-34.1%	203	1%	-31.1%
82.8%	276	2%	61.6%
53.5%	8	0%	1.6%
15.1%	1,683	11%	13.6%
16.2%	14,818	100%	12.8%
vs 2017	GWh	% Weight	vs 2017
72.0%	795	3%	30.7%
72.0%	795	3%	30.7%
N/A	0	0%	N/A
-8.4%	27,932	91%	-5.5%
47.0%	2,077	7%	44.0%
-4.8%	30,803	100%	-2.5%
vs 2017	GWh	% Weight	vs 2017
20.8%	7,679	72%	15.2%
16.0%	1,489	14%	15.6%
25.8%	6,190	58%	15.1%
2.1%	3,053	28%	9.7%
12.3%	10,731	100%	12.5%
vs 2017	GWh	% Weight	vs 2017
44.3%	1,494	100%	48.2%
-18.0%	912	61%	-9.0%
N/A	576	39%	N/A
-4.8%	7	0%	-3.8%
44.3%	1,494	100%	48.2%

354

1%

159

0%

SPAIN

TOTAL

Renewables

5,142

36%

Onshore wind Hydro Mini-hydro Solar and other

1,747

12%

3,205

22%

159

1%

31

0%

Nuclear

6,369

45%

Gas Combined Cycle Cogeneration

1,403

10%

603

4%

Coal

750

5%July-September 2018

GWh % Weight

14,267

100%

Hydro Reservoir levels at 30/09/18

UK

Gas Combined CycleTOTAL

Renewables

857

57%

Onshore wind Offshore wind Hydro

609

41%

140

9%

108

7%

635

43%

1,492

100%

US

GWh % Weight

Gas Combined Cycle CogenerationTOTAL

Renewables

3,621

80%

Onshore wind Hydro

3,474

77%

41

1%

Solar and other

106

2%

3

0%

885

20%

4,509

100%

*100% Avangrid Inc. (81.5% owned by Iberdrola S.A.)

MEXICO

TOTAL

Renewables

291

3%

Onshore wind

291

3%

Solar and other

0

0%

Gas Combined Cycle Cogeneration

9,911

91%

712

7%

GWh % Weight

10,914

100%

BRAZIL

Gas Combined CycleTOTAL

Renewables

1,339

Onshore wind

59% 29%

Hydro

GWh % Weight

659 680 945 2,284

30% 41% 100%

IBERDROLA: Installed Capacity (Provisional)

TOTAL GROUP

Renewables

Onshore wind Offshore wind Hydro Mini-hydro Solar and other

29,592 15,654

544

12,635

303

456

Nuclear

3,177

Gas Combined Cycle Cogeneration

14,007

1,335

Coal

874

TOTAL

48,985

9M 2018

MW

% Weight

100%

SPAIN

TOTAL

Renewables

15,836

Onshore wind Hydro Mini-hydro Solar and other

5,768

9,715

303

50

Nuclear

3,177

Gas Combined Cycle Cogeneration

5,695

353

Coal

874

25,934

9M 2018

MW

% Weight

100%UK

Gas Combined CycleTOTAL

Renewables

2,666

Onshore wind Offshore wind Hydro

1,906

194

566

2,000

4,666

MW

% Weight

100%

USA

CogenerationTOTAL

Renewables

6,713

Onshore wind Hydro

6,466

118

Solar and other

129

Gas Combined Cycle

212

636

7,561

MW

% Weight

100%

*100% Avangrid Inc. (81.5% owned by Iberdrola S.A.)

MEXICO

TOTAL

Renewables

663

Onshore wind

393

Solar and other

270

Gas Combined Cycle

5,568

Cogeneration

346

6,577

MW

% Weight

100%

BRAZIL

Gas Combined CycleTOTAL

Renewables

Onshore wind

Hydro

2,751 516 2,236 533

3,284

MW

% Weight

100%

/ IBE-WATCH FACT SHEET 9M 2018 [e-mail] T: + 34 91 784 28 04 F: + 34 91 784 20 64 IBERDROLA: Distributed Energy (Provisional)
ELECTRICITY	July-September 2018 GWh vs 2017		Year 2018 GWhvs 2017
Spain 24,136		2.1%	70,847 25,496 29,894 48,271		1.2%
UK 7,675		-2.7%			-0.2%
USA 10,835		7.4%			4.0%
Brazil* 15,949		5.2%			2.5%
Total Electricity 58,595 3.2%			174,507 1.8%
GAS
USA 7,809		9.9%	45,198		8.7%
Total Gas 7,809 9.9%			45,198 8.7%
*100% Neoenergia IBERDROLA: Emissions (Provisional)
9M 2018	9M 2017
C02 emissions over the period (gr. CO2 /KWh): Total		165	177
C02 emissions over the period (gr. CO2 /KWh): Spain		79	84
C02 emissions over the period (gr. CO2 /KWh): UK		221	237
C02 emissions over the period (gr. CO2 /KWh): USA		46	46
C02 emissions over the period (gr. CO2 /KWh): Brazil		106	110
C02 emissions over the period (gr. CO2 /KWh): Mexico		359	360
Emission-free production: Total (GWh)		64,264	56,819
Emission-free production: Spain (GWh)		37,629	33,465
Ratio emission-free production to total production: Total (%)		59%	55%
Ratio emission-free production to total production: Spain (%)		86%	87%
Emission-free installed capacity: Total (MW)		32,869	31,955
Emission-free installed capacity: Spain (MW)		19,013	18,998
Emission-free installed capacity: Total (%)		67%	66%
Emission-free installed capacity: Spain (%)		73%	73%
Ratio high-emission technologies production: Total (%)		1%	2%
Ratio low-emission technologies production: Total (%)		40%	43%
Sustainability Ranking Dow Jones Sustainability World Index 2018 Selected in the utility sector. Iberdrola member in all editions First utility with nuclear assets to meet standards for FTSE4Good FTSE4Good. 8 years in a row selected CDP Index 2017 A 2018 World's Most Ethical Company Iberdrola selected. Only Spanish utility Bloomberg Equality Index 2018 Iberdrola selected Sustainability Yearbook ROBECOSAM 2018 Classified as "Silver Class" in the electricity sector. ISS-oekom Iberdrola selected Prime Euronext Vigeo Eiris index: World 120, Eurozone 120 & Europe 120 Iberdrola selected Nesweek and Green Rankings 2017 Iberdrola fifth utility worldwide MSCI Global Sustainability Index Series Iberdrola selected AAA EcoAct Iberdrola first utility in the ranking Iberdrola selected in Forbes 2018: GLOBAL World's Largest Forbes MERCO 2018 Public Companies 2000 mercoEmpresas: Leader among Spanish utilities: energy, gas, and water industry Stoxx Global ESG Leaders/Eurostoxx Sustainability 40/Eurostoxx ESG Leaders 50 Iberdrola selected Influence Map Iberdrola selected 2017 ET Carbon Rankings Iberdrola selected ECPI Iberdrola lected in several Sustainability Indices Fortune Global 500 Iberdrola selected

/ IBE-WATCH FACT SHEET 9M 2018

LEGAL NOTICE

DISCLAIMER

This document has been prepared by Iberdrola, S.A. in connection with the presentation of financial results of the nine-month period ended on 30 September 2018.

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.

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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) Royal Decree-Law 5/2005, of 11 March; (iii) Royal Decree 1310/2005, of 4 November; and (iv) 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 nine-month period ended on 30 September 2018, please see its corporate website atwww.avangrid.com and 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 for the nine-month period ended on 30 September 2018, please see its investor relations website atwww.ri.neoenergia.comand the Brazilian Comissão de Valores Mobiliários ("CVM") website atwww.cvm.gov.br