Table of Contents
1 Table of Contents 2
1.1 List of Tables 6
1.2 List of Figures 7
2
Company Snapshot 8
2.1 Key Information 8
2.2 Company Overview 8
2.3 Financial Performance 8
2.4 Industry Outlook - Pipelines 8
2.5
Industry Outlook - Storage 9
2.6 Industry Outlook - LNG Terminals 10
2.7 SWOT Snapshot 11
3 Endesa, S.A., Pipeline Operation 12
3.1
Pipeline Operation, Algeria 12
3.1.1 Pipeline Operation in Algeria,
Natural Gas Pipelines 12
4 Endesa, S.A., LNG Operation 13
4.1 LNG
Operation, Key Data 13
4.2 LNG Operation, Overview 13
4.3 LNG
Operation, Regasification 13
4.3.1 LNG Operation, Regasification, Total
Regasification Capacity, 2000-2012 13
4.3.2 LNG Operation, Regasification,
Regasification Capacity in Spain, 2000-2012 14
4.3.3 LNG Operation,
Regasification, Regasification Capacity in Italy, 2000-2012 14
4.3.4 LNG
Operation, Regasification, Regasification Capacity in Chile, 2000-2012 15
5 Business Description 16
5.1 Business Overview 16
5.2 Electricity
Business in Europe 16
5.2.1 Overview 16
5.3 Electricity Business in
Spain and Portugal 21
5.3.1 Overview 21
5.4 Major Products and
Services 24
5.4.1 Overview 24
6 History 25
6.1 Mission Statement
28
6.2 Strategy 28
6.3 Corporate Social Responsibility 29
6.3.1
Overview 29
7 Value Chain Analysis 31
7.1 Upstream 31
7.1.1
Overview 31
7.2 Retail 32
7.2.1 Overview 32
7.3 Power Generation
33
7.3.1 Overview 33
8 SWOT Analysis 35
8.1 Overview 35
8.2
Endesa, S.A. Strengths 35
8.2.1 Strong Market Presence in Spain and Italy
35
8.2.2 Robust Cogeneration and Renewable Energy Assets 36
8.2.3
Diversified Portfolio of Generating Assets 36
8.2.4 Focused R&D
Initiatives 36
8.3 Endesa, S.A. Weaknesses 37
8.3.1 Dependency on
Federal and State Incentives 37
8.3.2 Legal Proceedings 37
8.4 Endesa,
S.A. Opportunities 38
8.4.1 Development of Renewable Power Plants 38
8.5 Endesa, S.A. Threats 39
8.5.1 Intense Competition 39
8.5.2 Endesa
is Subject to a Takeover Bid 39
9 Competitors 41
10 Revenue Analysis
42
10.1 Revenue by Segment 42
10.2 Revenue by Geography 42
11
Financial and Operational Review 44
11.1 Financial Statements 44
11.2
Financial Ratios 45
12 Share Holding Structure 46
13 Key Employees
47
14 Company Statement 48
15 Locations And Subsidiaries 56
16
Financial Deals Landscape 57
16.1 Partnership 57
16.1.1 Iberdrola
Forms Joint Venture With Union Fenosa And Endesa 57
16.1.2 Endesa Forms
Joint Venture With Isofoton 58
16.2 Acquisition 59
16.2.1 Enel
Acquires 9.99% Of Endesa Stake 59
16.2.2 E.ON Secures 9.9% Stake In Endesa
From Caja Madrid 61
16.2.3 ASM Brescia Acquires 5.33% Stake In ENDESA
Italia 63
16.2.4 Acciona & Enel Acquire Endesa 64
16.2.5 Enel Acquires
Viesgo From Endesa 66
16.2.6 E.ON Acquires Endesa Europa, EnelViesgo And
Endesa France 68
16.2.7 ENDESA Acquires 51% Stake In MF Power 70
16.2.8 Endesa Acquires Finerge Gestao de Proyectos Energeticos 72
17
Recent Developments 74
17.1 Financial Announcements 74
17.1.1 Jul 28,
2008: Endesa Reports 1H 2008 Results 74
17.1.2 May 12, 2008: Endesa
Reports Q1 2008 Results 76
17.2 Other Significant Developments 79
17.2.1 Oct 18, 2007: Endesa Announces New Board Members 79
17.3 New
Contracts Announcements 79
17.3.1 Mar 05, 2008: International Power Signs
Key Contracts For 830 MW CCGT Elecgas Project In Portugal 79
17.3.2 Feb
16, 2007: Saipem Gets Three New Offshore And Onshore Contracts 79
18
Appendix 81
18.1 Methodology 81
18.1.1 Coverage 81
18.1.2
Secondary Research 82
18.1.3 Primary Research 82
18.1.4 E&P Forecasts
83
18.1.5 Midstream Forecasts 85
18.1.6 Expert Panel Validation 86
18.2 Contact Us 86
18.3 About Global Markets Direct 86
18.4 Disclaimer
86
1.1 List of Tables
Table 1:Endesa, S.A., Key Facts 8
Table 2: Endesa, S.A., Natural Gas Pipelines in Algeria, 2007 12
Table 3:
Endesa, S.A., LNG Key Statistics, 2007 13
Table 4: Endesa, S.A.,
Regasification Capacity Country-Wise (Bcf), 2000-2012 13
Table 5: Endesa,
S.A., Regasification Capacity In Spain (Bcf), 2000-2012 14
Table 6:
Endesa, S.A., Regasification Capacity In Italy (Bcf), 2000-2012 14
Table
7: Endesa, S.A., Regasification Capacity In Chile (Bcf), 2000-2012 15
Table 8:Endesa, S.A., SWOT Analysis , 2006 35
Table 9:Endesa,
S.A., Revenue by Segment, Euro Million, 2002-2006 42
Table 10:
Endesa, S.A., Revenue by Geography, Euro Million, 2002-2006 43
Table 11:
Endesa, S.A., Financial Statements, Euro Million, 2002-2006 44
Table
12:Endesa, S.A., Financial Ratios, Euro Million, 2002-2006 45
Table
13:Endesa, S.A., Share Holding Structure 46
Table 14:Endesa,
S.A., Key Employees, 2006 47
Table 15: Brent Blend NYMEX Future Prices
85
1.2 List of Figures
Figure 1:Endesa, S.A., Value Chain
Analysis 31
Figure 2: Global Markets Direct Methodology 81