Results by business area for 2020 and 2019

Results for 2020(1)

Millions of euro Thermal Generation and Trading Enel Green Power Infrastructure and Networks End-user Markets Enel X Services Other, eliminations and adjustments Total
Revenue from third parties 19,350 7,409 17,824 17,647 970 1,803 (18) 64,985
Revenue from transactions with other segments 1,454 283 1,518 11,861 151 67 (15,334) -
Total revenue 20,804 7,692 19,342 29,508 1,121 1,870 (15,352) 64,985
Net income/(expense) from commodity derivatives (534) 68 - 264 - (6) (4) (212)
Gross operating profit/(loss) 1,700 4,647 7,433 3,121 152 (47) (190) 16,816
Depreciation, amortization and impairment losses 1,685 1,913 3,171 1,304 168 179 28 8,448
Operating profit/(loss) 15 2,734 4,262 1,817 (16) (226) (218) 8,368
Capital expenditure 694 4,629 3,937 460 303 103 71 10,197

(1) Segment revenue includes both revenue from third parties and revenue from transactions with other segments. An analogous approach was taken for other income and costs for the year.

Results for 2019(1)(2)

Millions of euro Thermal Generation and Trading Enel Green Power Infrastructure and Networks End-user Markets Enel X Services Other, eliminations and adjustments Total
Revenue from third parties 30,480 7,344 20,092 19,537 967 1,901 6 80,327
Revenue from transactions with other segments 1,532 373 1,697 13,062 163 80 (16,907) -
Total revenue 32,012 7,717 21,789 32,599 1,130 1,981 (16,901) 80,327
Net income/(expense) from commodity derivatives (676) 14 - (71) - - - (733)
Gross operating profit 1,364 4,588 8,278 3,334 158 126 (144) 17,704
Depreciation, amortization and impairment losses 4,889 1,328 3,001 1,124 256 201 27 10,826
Operating profit/(loss) (3,525) 3,260 5,277 2,210 (98) (75) (171) 6,878
Capital expenditure 851 4,293(3) 3,905 449 270 134 45 9,947

(1) Segment revenue includes both revenue from third parties and revenue from transactions with other segments. An analogous approach was taken for other income and costs for the year.
(2) The comparative figures for 2019 have been adjusted to take account of the fact that as from 2020 in South America and Mexico the data for large customers managed by the generation companies have been reallocated to the End-user Market Business Line.
(3) Does not include €4 million regarding units classified as “held for sale”.

In addition to the above, the Group also monitors performance by Region/Country. In the table below, gross operating profit is shown for the two years under review with the goal of providing a view of performance not only by Business Line but also by Region/Country.

Gross operating profit(1)

Millions of euro Thermal Generation and Trading Enel Green Power Infrastructure and Networks End-user Markets Enel X Services Other Total
  2020 2019 Change 2020 2019 Change 2020 2019 Change 2020 2019 Change 2020 2019 Change 2020 2019 Change 2020 2019 Change 2020 2019 Change
Italy 221 (14) 235 1,311 1,240 71 3,824 3,906 (82) 2,362 2,314 48 38 13 25 68 169 (101) - - - 7,824 7,628 196
Iberia 1,039 590 449 434 358 76 1,890 2,025 (135) 467 715 (248) 39 38 1 (94) 66 (160) - - - 3,775 3,792 (17)
Latin America 309 609 (300) 1,979 2,202 (223) 1,579 2,259 (680) 201 292 (91) 83 64 19 (88) (123) 35 - - - 4,063 5,303 (1,240)
Argentina 85 165 (80) 28 51 (23) 46 270 (224) (7) 3 (10) 3 - 3 (4) (1) (3) - - - 151 488 (337)
Brazil 66 102 (36) 271 335 (64) 871 1,144 (273) 107 154 (47) 2 (1) 3 (19) (49) 30 - - - 1,298 1,685 (387)
Chile 35 198 (163) 825 888 (63) 156 222 (66) 25 41 (16) 15 26 (11) (65) (72) 7 - - - 991 1,303 (312)
Colombia 9 8 1 573 620 (47) 353 399 (46) 54 66 (12) 41 38 3 - - - - - - 1,030 1,131 (101)
Peru 114 136 (22) 136 157 (21) 153 224 (71) 22 28 (6) 22 1 21 - (1) 1 - - - 447 545 (98)
Panama - - - 101 112 (11) - - - - - - - - - - - - - - - 101 112 (11)
Other countries - - - 45 39 6 - - - - - - - - - - - - - - - 45 39 6
Europe 118 209 (91) 161 112 49 135 107 28 82 15 67 9 - 9 4 5 (1) - - - 509 448 61
Romania (1) (2) 1 78 75 3 135 107 28 82 15 67 9 6 3 4 5 (1) - - - 307 206 101
Russia 119 209 (90) (7) (1) (6) - - - - - - - (2) 2 - - - - - - 112 206 (94)
Other countries - 2 (2) 90 38 52 - - - - - - - (4) 4 - - - - - - 90 36 54
North America 17 (16) 33 767 737 30 - - - 9 (2) 11 (10) 80 (90) (3) - (3) (2) - (2) 778 799 (21)
United States and Canada 18 (16) 34 693 658 35 - - - - - - (10) 80 (90) (3) - (3) (2) - (2) 696 722 (26)
Mexico (1) - (1) 74 79 (5) - - - 9 (2) 11 - - - - - - - - - 82 77 5
Africa, Asia and Oceania - - - 53 62 (9) - - - - - - 2 (1) 3 - - - - - - 55 61 (6)
South Africa - - - 53 58 (5) - - - - - - 2 - 2 - - - - - - 55 58 (3)
India - - - 6 8 (2) - - - - - - - - - - - - - - - 6 8 (2)
Other countries - - - (6) (4) (2) - - - - - - - (1) 1 - - - - - - (6) (5) (1)
Other (4) (14) 10 (58) (123) 65 5 (19) 24 - - - (9) (36) 27 66 9 57 (188) (144) (44) (188) (327) 139
Total  1,700 1,364 336 4,647 4,588 59 7,433 8,278 (845) 3,121 3,334 (213) 152 158 (6) (47) 126 (173) (190) (144) (46) 16,816 17,704 (888)

(1) The comparative figures for 2019 have been adjusted to take account of the fact that as from 2020 in South America and Mexico amounts attributable to large customers managed by the power generation companies were reallocated to the End-user Markets Business Line.

Results in accordance with the European taxonomy by Business Line

The results of the alignment of the metrics for revenue from third parties, ordinary gross operating profit, capital expenditure and ordinary operating expenditure with the European taxonomy are reported, broken down by Business Line, as previously specified in the section “European Union taxonomy”. The table reports the breakdown of revenue from third parties, ordinary gross operating profit, capital expenditure and ordinary operating expenditure into the European taxonomy categories as a percentage of the total for each of those aggregates.

VALUE
CHAIN
Eligible
activities
(substantive
contribution
to climate
change
mitigation)
Revenue from third parties(1) profit (ordinary EBITDA)
2020 2019 2020 2019
€ millions % € millions % € millions % € millions %

Generation

 

 

 

 

 

 

 

 

 

Enel Green
Power
7,409 11.4% 7,344 9.1% 4,721 26.3% 4,618 25.8%
6,914 10.6% 6,921 8.6% 4,346 24.2% 4,296 24.0%
495 0.8% 423 0.5% 375 2.1% 322 1.8%
- - - - - - - -
Thermal Generation
and Trading
19,35 29.8% 30,48 38.0% 2,23 12.4% 1,585 8.8%
3 - 3 - - - 2 -
5,545 8.5% 7,591 9.5% 1,194 6.7% 1,15 6.4%
13,802 21.3% 22,886 28.5% 1,036 5.7% 433 2.4%

Grids

 

 

 

Infrastructure
and Networks
17,824 27.4% 20,092 25.0% 7,714 43.0% 8,228 46.0%
15,103 23.2% 16,618 20.7% 6,989 39.0% 7,132 39.9%
2,72 4.2% 3,474 4.3% 726 4.0% 1,096 6.1%
1 - - - -1 - - -

Customers

 

 

 

 

 

 

 

 

End-user
Markets
17,647 27.2% 19,537 24.3% 3,197 17.8% 3,334 18.6%
- - - - - - - -
- - - - - - - -
17,647 27.2% 19,537 24.3% 3,197 17.8% 3,334 18.6%
Enel X 970 1.5% 967 1.2% 161 0.9% 158 0.9%
658 1.0% 713 0.9% 134 0.7% 94 0.5%
- - - - - - - -
312 0.5% 254 0.3% 27 0.2% 64 0.4%
Other Services
and other
1,785 2.7% 1,907 2.4% -83 -0.4% -18 -0.1%
- - - - - - - -
- - - - - - - -
1,785 2.7% 1,907 2.4% -83 -0.4% -18 -0.1%
  TOTAL 64,985 100% 80,327 100% 17,94 100% 17,905 100%
22,678 34.8% 24,255 30.2% 11,469 63.9% 11,524 64.4%
8,76 13.5% 11,488 14.3% 2,295 12.8% 2,568 14.3%
33,547 51.7% 44,584 55.5% 4,176 23.3% 3,813 21.3%

(1) Revenue from third parties is “segment” revenue from non-Group counterparties only. It therefore does not include transactions between the various segments.

VALUE
CHAIN
Eligible
activities
(substantive
contribution
to climate
change
mitigation)
Capital expenditure(2) Ordinary operating expenditure
2020 2019 2020 2019
€ millions  % € millions % € millions  % € millions  %

Generation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enel Green
Power
4,629 45.4% 4,293 43.2% 1,227 16.3% 1,277 15.0%
4,591 45.0% 4,247 42.7% 1,119 14.9% 1,177 13.8%
38 0.4% 46 0.5% 108 1.4% 100 1.2%
- - - - - - - -
Thermal Generation
and Trading
694 6.8% 851 8.6% 1,192 15.9% 1,561 18.3%
1 - - - - - - -
493 4.9% 663 6.7% 783 10.4% 1,15 13.5%
200 1.9% 188 1.9% 409 5.5% 411 4.8%

Grids

 

 

 

 

Infrastructure
and Networks
3,937 38.6% 3,905 39.2% 2,065 27.5% 2,388 28.1%
3,435 33.7% 3,269 32.8% 1,683 22.4% 1,989 23.4%
502 4.9% 636 6.4% 381 5.1% 398 4.7%
- - - - 1 - 1 -

Customers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

End-user
Markets
460 4.5% 449 4.5% 897 11.9% 1,009 11.9%
- - - - - - - -
- - - - - - - -
460 4.5% 449 4.5% 897 11.9% 1,009 11.9%
Enel X 303 3.0% 270 2.7% 296 3.9% 347 4.1%
158 1.6% 133 1.3% 195 2.6% 203 2.4%
- - - - - - - -
145 1.4% 137 1.4% 101 1.3% 144 1.7%
Other Services
and other
174 1.7% 179 1.8% 1,844 24.5% 1,924 22.6%
- - - - - - - -
- - - - - - - -
174 1.7% 179 1.8% 1,844 24.5% 1,924 22.6%
  TOTAL 10,197 100% 9,947 100% 7,521 100% 8,506 100%
8,185 80.3% 7,649 76.8% 2,997 39.9% 3,369 39.6%
1,033 10.2% 1,345 13.6% 1,272 16.9% 1,648 19.4%
979 9.5% 953 9.6% 3,252 43.2% 3,489 41.0%
   

elegible not elegible not covered

(2) The figure for 2019 capital expenditure does not include €4 million regarding units classified as “held for sale”.