Saeta Yield increases revenues by 22% up to 157 million euros, and EBITDA by 24% up to 110 million euros

Saeta Yield reinforced its consistent and growing dividend policy in the first half of the year after recording a 37% increase in the Cash flow of its operational assets, according to results approved by the Board of Directors chaired by José Luis Martínez Dalmau. This increase in Cash flow, the key variable for defining the Company’s dividend payment, was due to a significant increase in income and EBITDA, 22% and 24% respectively. The Company intensified its profitable growth strategy and the diversification of geographic risk through the purchase of two wind farms in Uruguay, finalised last May, and the announcement of the acquisition agreement of Lestenergia in Portugal.

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Saeta Yield approves its second quarterly dividend for 2017 for the sum of 0.189 euros per share

The Saeta Yield Board of Directors, chaired by José Luis Martínez Dalmau, today agreed on the payment of a dividend charged to the share premium for the sum of 0.189 euros per share. So far this year, the Company has approved a dividend for the sum of 0.57 euros per share, 4.8% higher than the same dividend for 2016. This dividend, which on an annualised basis would be at an implicit figure of around 0.76 euros per share, is 8% higher than the initial dividend expected by Saeta Yield on its flotation in February 2015.  The purchase of the wind farms Carapé I and II in Uruguay and the refinancing of the Manchasol 2 solar thermal plant last May has made this growth possible.

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“In one year, 40% of Saeta Yield’s income will be obtained from overseas assets”

The CEO of Saeta Yield, José Luis Martínez Dalmau, yesterday stated during the company’s General Shareholder’s Meeting held in Madrid that “in one year, 40% of Saeta Yield’s income will be obtained from overseas assets”, compared with 10% currently, in order to diversify its activities internationally. Saeta Yield launched its international expansion in May with the acquisition of the wind farms Carapé I and II in Uruguay for some $65 million, which was also its first purchase of third party assets. It now intends to continue to buy assets in countries like Portugal, Mexico and Uruguay, where it has access to various options through a right of first offer (RoFO) with its sponsors, ACS and Bow Power. It is also not ruling out new third party purchases.

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Saeta Yield increases its revenue by 42% up to 70.2 million euros, and its EBITDA by 40% up to 43.1 million euros

In the first quarter of 2017 Saeta Yield increased its cash flow from operating assets by 10.4% up to 41.8 million euros, which reinforces its dividend policy. The positive increase in revenues and EBITDA – with growth of 42% and 40% respectively – explains this increase in cash flow. The company will continue with the operational asset purchase strategy, which generates value for its shareholders and increases dividends, after announcing its first international acquisition in Uruguay during the first quarter.

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Saeta Yield to acquire Carapé I and II Wind Power Facilities in Uruguay

Saeta Yield has reached an agreement with Corporación America and Grupo San José to acquire 100% of Carapé I and II, two operating wind farms for a total cash consideration of c. USD 65 million. This agreement is subject to condition precedents being met. The acquisition will be funded with available liquidity and is expected to close in the first semester of 2017.

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