Iberdrola (OTCPK:IBDR.Y) 2025 Earnings Call Presentation

Strategic Direction - Iberdrola is focusing on A-rated countries and prioritizing regulated/long-term contracted businesses for predictable and profitable growth[52] - The company aims to increase its regulated and long-term contracted EBITDA profile to approximately 75% by 2028-2030, up from approximately 60% in 2021-2024[109, 110] - Iberdrola reaffirms its shareholder remuneration policy, targeting a payout ratio between 65% and 75% of EPS and a DPS floor at EUR 064/Share[118, 119] Investment and Growth - Gross investments are projected to reach approximately EUR 58 billion, with approximately EUR 8 billion contributed by partners[70] - Approximately 2/3 of gross investments are allocated to the UK and the US, representing approximately 65% of the total[70, 71] - Networks investments are expected to double by 2030 and triple by 2035[34] - Renewable investments are projected to increase by over 50% by 2030[36] Financial Performance - EBITDA is projected to reach approximately EUR 18 billion by 2028, an increase of approximately EUR 3 billion from 2024[100, 101] - Adjusted Net Profit is expected to grow at a high single-digit CAGR from 2024 to 2028, reaching approximately EUR 76 billion by 2028[114, 115] - The company aims to increase its RAB (Regulated Asset Base) by approximately 40% in just 4 years[82]