27

Business data 2017 2016 2015

Natural gas sales (GWh) 27,972 28,409 30,083

Electricity sales (GWh) 2,809 2,140 2,040

Steam sales (Thousands of tonnes) 4,871 4,660 4,428

Net revenue of business to external customers (Millions of euros) 729 620 769

Adjusted EBITDA (Millions of euros) 49 37 21

Investments (Millions of euros) 21 7,6 28

2018 CHALLENGES 1

2

eXpansion of renewable enerGy Generation projeCts. following the completion of the construction work at the wind farm in Jerez (Cadiz), we will continue to search for new projects to increase the Company s renewables production.

inCrease the use of medGaz above 80%, enabling more natural gas to be transported to the Iberian Peninsula, optimizing the use of the gas pipeline and increasing its capacity.

2017 MILESTONES 1

2

3

4

CommissioninG of the puente mayorGa (CÁdiz) Combined CyCle plant, following the reconstruction of the high voltage line.

purChase of total s share in Cepsa Gas ComerCializadora, resulting in control of the shareholding.

entry into renewable enerGy business, following the acquisition of the Alijar II Wind farm project in Jerez de la frontera.

launCh of eleCtriC power to smes, from 100% renewable sources.

2017 ANNUAL AND COrPOrATE rESPONSIBILITY report