Iberdrola, SA – The general meeting of Iberdrola shareholders supports 98% of the management of Ignacio Galan

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Massive shareholder support for the Group’s management.

All the blocks of resolutions, including the 20 proposals on the agenda, obtained a positive vote of 98% on average, demonstrating, once again, the confidence of investors in the management of the management of the ‘company. This year, the meeting recorded a significant increase in the participation of institutional, national and international investors.

Messages relevant to shareholders

Highest dividend in the group’s history: a gross dividend of €0.44 per share will be paid in 2021, plus an attendance dividend of 0.005 euros gross per share

Head toward Europe: it has increased sevenfold in size in twenty years, becoming the largest electricity company in Europe by market capitalization and fourth in the world

Tax contribution: the group paid €7,836 million in the public coffers of the countries where it operates – 5% more than the previous year, i.e. €361 million After.

Engine of stable and quality jobs: the company generates more than 400,000 jobs worldwide and made 5,600 hires in 2021, provides more than 50 hours of training per employee per year and has nearly 40,000 professionals in 40 countries

Record investments: The company made record investments of €9.94 billion in 2021, i.e. 3% more than the previous year. These investments have enabled the commissioning of nearly 3,500 MW of green electricity in 2021

Commitment to society: The company has more than 100 work-life balance and flexibility measures so that men and women can contribute equally to family life

Support for Ukrainian society. The President sent a message of solidarity to the people of Ukraine and his wish that the invasion end as soon as possible and that freedom and peace be restored in Ukraine.

The president of Iberdrola, Ignatius Galan, was addressed today to the more than 600,000 shareholders of the company at the general meeting of shareholders, which again held in person. During his speech of Iberdrola Tower in BilbaoHe reaffirmed the company’s investment commitment to help accelerate the energy transition: “Investments, which have reached 9,940 million eurosenabled us to grow at a higher rate than expected, confirming the success of our sustainable model aimed at consolidating an emission-free and energy-independent economy”, assured the Chairman to his shareholders.

The quorum was 72.13% of the share capital, which represents a significant increase in the participation of institutional, national and international investors, i.e. 6 points more than in 2021. All the blocks of resolutions registered on the agenda of the day were supported with an average affirmative vote of 98 %, distributed as follows: group 1 (management results and audit of accounts): 98.52 %.

Group 2 (governance and sustainability system): 99.93%.

Group 3 (remuneration): 95.78 %.

Group 4 (Board of Directors): 99.10 %.

Group 5 (authorizations and delegations of powers): 97.85%.

Solid growth performance and prospects

The consequence of this investment effect and the pace of its activity has repercussions on the results and remuneration of shareholders. Indeed, sales have reached 39,114 million eurosup 18% compared to 2020, and the group’s operating profit stands at , 19% higher than the previous year. In addition, net profit has climbed to €3,855 millionup 8% compared to 2020.

“It is these excellent results, obtained thanks to the effort, dedication and success of all the professionals who make up Iberdrolathat allow us to be proud of the company we are today,” he said.

Since the arrival of Ignace Galanthe company went from being a local electricity company to consolidating its position as Europe first electricity company, which has increased sevenfold in size over the past twenty years. In addition, the company has succeeded in multiplying by almost six its operating profit, its net profit by more than four and its assets by seven, more than 141,000 million euros.

In relation to the current context, the President underlined Iberdrola “Obvious advantages” thanks to his pioneering work in renewable energies, green finance and its expansion on stable and attractive markets.

In addition, Ignace Galan declared that one of the main novelties that we are submitting for the approval of this Assembly is the reform of the Statutes and Rules of the Assembly to consolidate Iberdrola commitment to its purpose and values ​​and its social dividend”.

Iberdrola The chairman also spoke about the future: “We maintain our profit forecast for this year, between 4,000 and €4,200 million‘.

During the presentation, the president insisted Iberdrola has a resilient business model in the current market context: it is very diversified – 70% of the gross margin comes from international markets -, has a solid financial structure – 80% of the debt is at fixed rate and Long term, with an average of more than 6 years – and purchases at closed or insured prices for 2022, thus avoiding current tensions on raw materials.

The company’s activity is much less sensitive than others to cycles due to the stability of electricity consumption, and demand should continue to grow thanks to electrification. In addition, Iberdrola is highly diversified geographically: one third of the business is in euros, one third in dollars and 20% in pounds sterling. Most revenues are protected from inflation by contracts, especially in the regulated part.

President Ignatius Galan explained how rising gas prices are negatively affecting the company, as it has fixed price contracts in place for this year, and the rise will not be passed on to customers.

During his speech, Ignace Galan pointed out that Iberdrola has been a pioneer in equality for many years. The company has more than 100 work-life balance and flexibility measures so that men and women can contribute equally to family life, with employees of 79 nationalities, making it one of of the top 10 companies in the world for integration. In this chapter, he highlighted the contribution to women’s sport. Two out of three federated women are supported by Iberdrola.

Attractive remuneration of shareholders

In this context, the General Meeting of Shareholders – on the proposal of its Board – approved a final dividend of 0.27 euros By action, to be paid in August. This, added to the interim dividend already distributed (EUR 0.17 gross per share), represents total compensation of EUR 0.44 per share, 5% higher than that distributed a year earlier.

The General Meeting of Shareholders approved a new share buyback program with a view to reducing the share capital. The objective is to respect the group’s commitment to keep the number of shares in circulation stable, on which the earnings per share are calculated, at approximately 6,240 million.

To this end, Iberdrola will repurchase a maximum of 197,563,000 of its own shares, representing 3.069% of the company’s current share capital, including those acquired under the buyback program.

In addition, the general meeting also approved the participation dividend, which consists of the payment of 0.5 euros hundred by action to shareholders – 1 euro For 200 shares – shareholders with the right to attend the general meeting because the quorum of 70 % of the share capital is reached.

Shareholders also voted in favor of the re-election proposals of Anthony Gardner and ratification and re -election Maria Angeles Alcala Diaz and Isabelle García Tejerina as independent administrators. Following their appointment, 71% of directors are independent and 43% are women.

During the interview, the President expressed his support for the Ukrainian company. Galan sent a message of solidarity to the people of Ukraine and his wish that the invasion end as soon as possible and that freedom and peace be restored to this country.

Contact:

Tel: +34 91 784 32 32

Email: [email protected]


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