Mexico

Corporate PresentationJuly 2020

Abengoa in Mexico2

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Who are we?1

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Page 3 Page 14

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Index

Whoare we?1

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Who are we?

Constructing energy infrastructures▪ Generating conventional and renewable energy.▪ Transporting and distributing energy.

Providing solutions for the integrated water cycle▪ Developing desalination and water treatment processes.▪ Constructing hydraulic infrastructures.

Being a referent in the transmission and distribution sector▪ Developing transmission lines, electric distribution and railway electrification projects.▪ Constructing installations and infrastructures for all types of plants and buildings.

Obtaining results in the services area▪ Providing operation and maintenance services for plants optimization.▪ Managing private assets efficiently.

Furthering new horizons for development and innovation▪ Our 280 accumulated awarded patents since 2008 position us as technological leaders in sectors such as

solar thermal technology.▪ Renewable energy storage and our bet for energy efficiency and water consumption (water-energy nexus).

Abengoa (MCE: ABG.B) is an international company thatapplies innovative technology solutions for sustainabledevelopment in the infrastructure, energy and water sectors.

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Solid business of engineering, procurement, construction and operation and maintenance in high growth markets

Global footprint makes Abengoa’s business more resilient and the size of its backlog and pipeline provides revenue visibility

Leaner organizational structure and high operational efficiency

The development of commercially viable cutting-edge technology has become Abengoa’s key competitive advantage

A more focused business model and a healthier, sound capital structure, together with a multidisciplinary set of capabilities places Abengoa in a solid position for future value creation

Credibility regained with stakeholders

Formed by a team of committed and skilled people that have specialized and competitive know-how

A Viable Company with Solid Fundamentals

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Global presence with a recognized position of leadership in main world rankings (GWI, ENR).

9.3 GW of installed power in conventional generation plants, of which 1.4 GW are under construction.

2.3 GW* solar power constructed, 760 MW under construction, and 480 MW of wind power.

*34 % of solar thermal installed capacity worldwide.

+ 27,000 km of transmission and distribution lines and more than 330 substations worldwide over the last 15 years.

+ 1.7 million of m3/day of desalinated installed capacity and 2.6 million m3/day under construction.

Main Magnitudes

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280 patents at the end of 2019.

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300

400

500

2015 2016 2017 2018 2019

Numbers of patents

Abengoa Figures 2019

Sales 1,493 M€

EBITDA 300 M€

Employees 14,025

Main projects under execution

Waad Al Shamal (Saudi Arabia)

Salalah (Oman)

Noor Energy 1 (AUE)

Chuquicamata Humos Negros (Chile)

Agadir (Morocco)

Rabigh (Saudi Arabia)

O&M solar plants (Spain)

Fulcrum (USA)

Main indicatorsResults as of close of 2019

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26%

22%

18%

11%

9%

9%4%

South America

Middle East

Africa

Mexico

USA

Spain

Europe (ex. Spain)

Others

Revenues by geographies Revenues by segment

21%

79%

E&C

Concessions

Portadas

Taweelah UAE▪ Construction of the world’s largest reverse osmosis desalination plant with total

capacity of 909,000 m3/day.

Dubal UAE▪ Construction of a seawater reverse osmosis desalination plant with total capacity of

41,000 m3/day..

RWEL Klaipeda-Vilnius

Lithuania ▪ Electrification of more than 730 km of railway lines.

Switching SubstationRío Malleco

Chile ▪ Construction of a 220 kV substation in Chile.

Seville Airport Spain ▪ Civil works and installations in the expansion of the San Pablo Airport in Seville.

Southern Peru Copper Corporation

Peru▪ Construction of a retention dam to hold 40,000 m3 at 3,500 meters above sea-level,

and several singular buildings within the copper mining facilities.

New Projects 2019Abengoa has been awarded in 2019 new projects for a total value of €1,107 million, including world’s largest reverse osmosis desalination plant in Taweelah. Among them:

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1 ▪ Reduction of debt through capitalization or write-off of 70% and dilution of 95% for shareholders.

▪ New liquidity received, mainly dedicated to the repayment of outstanding debt and restructuring costs, net funds received by Abengoawere limited.

▪ It represented an important, although not definitive, step in order to achieve a sustainable capital structure.

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▪ The business has been focused on engineering and construction projects for third parties.

▪ Advances in the asset divestment plan: sale of 41.5 % of Atlantica Yield; the Norte III combined cycle in Mexico, bioenergy business in Europe, transmission lines in Brazil, among others.

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Financial Restructuring 2019

▪ The financial restructuring completed in April 2019 addressed the following objectives and implied:3

Financial Restructuring

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▪ Capital structure and balance sheet aligned with business profile.

▪ €2.7bn financial debt (Old Money) transformed into mandatory convertibles.

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Liquidity

▪ Soliciting new financing for an amount of €250 million and a term of five years, expected to be covered by a guarantee from ICO,

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2020 Updated Business Plan

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Due to the crisis caused by the COVID-19 pandemic and taking into consideration the evolution of the business, the financial projections included in the Viability Plan, published in 2019, has been revised, presenting an Updated Business Plan. In the UpdatedBusiness Plan, several measures are included in order to restore the equity balance of Abengoa S.A, ensure its long-term success and its position to compete globally..

Bonding Lines Debt restructuring

The foregoing measures require amendments to the financial instruments to which they affect for which agreements with the financial creditors must be reached.

Accra 60,000 m3/day in Ghana

Ténès 200,000 m3/day in Algeria

Chennai 100,000 m3/day in India

SAWS 169,000 m3/day in United States

Agadir 275,000 m3/day in Morocco

▪ The company completed, between March and November 2018, in two phases, the sale operation of its stake in Atlantica Yield (AY) to Algonquin Power & Utilities Corp. (APUC). The value of the operation amounted to 952 MUS.

Bioenergy USA 1G & 2G bioethanol

Bioenergy Europe 1G bioethanol

AB San Roque Biodiesel

Bioenergy Brazil 1G bioethanol

Khi 50 MW CSP – South Africa

Xina 100 MW – South Africa

SPP1 150 MW hybrid CC+CSP in Algeria

Hospital Manaus 300 beds hospital in Brazil

Real Estate Various assets

Norte III 924 MW combined cycle in Mexico

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Atlantica Yield Sale

Progress in the sale of A3T

▪ 220 MW cogeneration plant in Mexico

▪ Delivering energy to the grid since late December2018

▪ PPAs signed for more tan 80% of the capacity

▪ Ongoing negotiations.

Brazil T&D 3,532 Km lines in operation in Brazil

Brazil T&D 6,218 km in construction

Peru T&D 320 km transmission lineP

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Sale of concessional assets and non-core businesses will contribute to improve Abengoa’s leverage and liquidity profile. The divestment plan has been completed, so far, at 96.6% of its value.

Assets Disposal Plan

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▪ Specialist in infrastructure for the integral water cycle.

▪ Excellence in technical capabilities.

▪ Leader in the international desalination market and a worldwide reference in the construction of hydraulic infrastructures and treatment plants.

▪ 1.7 million m3 /day desalinated watercapacity and 2.2 million m3 /day ofdrinking water.

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Energy Water Transmission & Infrastructure

Services

Lines of activity Abengoa organizes its activity in several business areas: Energy, Water, Transmission and Infrastructure and Services, all of which are based on R&D and Innovation.

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Our Presence

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BusinessAreas2

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1981 1985-1990 1991-1995 1996-2008 2009-2010 2011-2012 2013-2015 2016-2018 2019-2020

Abengoa Mexicofoundation stage

• OPF’s Major contracts for CFE under the scheme BLT

• Navy Terminal Dos Bocas• CC El Sauz - 413 MW• Railway electrification

Buenavista-Cuautitlan

• Combined Cycle Centro Morelos

• Solar-thermal plantAgua Prieta II

• Zapotillo Aqueduct

• 1st public contract with the Mexican Petroleum Institute

• First contracts with the federal government and private companies

• Several contracts of electromechanical installations

• A3T Efficient Cogeneration Tres Mesas Wind Farm

• CC Norte III

• Termination of the transmission project “283” for CFE

• Generation of new portfoliowith public and private clients

• Reactivation of the company in the country: Restructuring

• Beginning of activities in transmission lines with CFE

• Signature of the first Project-Finance with CFE

• 16/12/16: involuntaryinsolvency process of Abengoa Mexico

• 23/01/18: Court approval for the insolvency agreement

• Termination of the transmission project “1902” for CFE

• COD Efficient CogenerationA3T

• Mexiquense BicentenarioCultural Center

• Cogeneration Nuevo Pemex

• Photovoltaic Project COP16

Abengoa Mexico’s Restructuring

• Negotiated with its creditors between September 2018 and November 2019

• More than 80% support of its creditors

• Potential recovery greater than 50% of the debt

• Approved by the Court on 23/06/20

39 years creating value through strategic activities, development of projects for our clients and commitment to our stakeholders

History

160 MW

230 MW

43 MW

40 MW42 MW

225 MW

414 MW

640 MW

277 MW220 MW

140 km

14 MW

148.5 MW

19 SS402 km

22 SS914 km

11 SS25 km

21 SS469 km

2 SS231 km

3 SS56 km

6 SS61 km

9 SS59 km

9 SS126 km

1 SS60 km

22km2 SS82 km

5 SS913 km

4 SS82 km

4 SS50 km

3 SS134 km

1 SS272 km

3 SS718 km

10 SS402 km

Conventional Energy2.5 GW

Clean Energy383 MW

Transmission LinesSubstations

6,500 km+ 100

Industrial projects with Pemex and private clients11

Aqueduct el Zapotillo140 km & 5.6 m3/s

Cultural Center Mexiquense Bicentenario

35,000 m2

Execution of projects from different sectors throughout the RepublicGeneral references

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‣ Concession: 25 years‣ Client: Conagua‣ Submitted resignation without responsibility

Infrastructure that will benefit 2 million inhabitants of Leon and the Altos de Jalisco.

It consists of a 140 km driving line, two pumping plants, a water treatment plant of 3.8 m3/s capacity, a regulating tank and a macrocircuit of 40 km.

‣ Concession: 21 years‣ Client: State of Mexico‣ COD: 2011

It includes, among others, a theater-concert hall for 1,200 people and 8,500 m2 of museum space, with 170,514 m2 of surface.

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Efficient CogenerationA3T220 MW

AqueductEl Zapotillo140 km – 5.6 m3/s

Cultural CenterMexiquense Bicentenario35,000 m2 constructed

Assets

‣ Concession: 20 years‣ Client: Own development‣ COD: 2017

Certified as efficient cogeneration, this plant can meet Mexico’s clean energy requirements at competitive prices. Energy is sold in the Wholesale Electricity Market, and the steam is delivered to Pemex.

It has a gas turbine, a steam turbine and a heat recovery steam generator (HRSG).

‣ Client: CFE‣ COD: 2017

The project is integrated in a combined cycle, being the first Integrated Solar Combined Cycle (ISCC) plant in Mexico and Latin America.

It had a 50 MUSD grant from the Global Environmental Facility (GEF).

‣ Client: CFE‣ COD: 2017

First combined cycle done entirely by Abengoa in Mexico, awarded under the scheme of Financed Public Work from CFE.

It is the first power plant of CFE in the State of Morelos.

‣ Client: Privado‣ COD: 2016

First Wind Farm of Abengoa om México and biggest in the northeast of the country.

Abengoa was responsible for the Balance of plant that consists in civil and electro mechanic works for the construction of the wind farm

‣ Client: Pemex‣ COD: 2013

Concessional asset, currently being operated by Atlantica Yield, in which Abengoa completed the whole EPC of the plant.

The financial scheme of the project won the award "Latin American Deal of the Year" given in 2010 by Project Finance magazine.

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Concentrated Solar PowerAgua Prieta II14 MW

Combined CycleCentro Morelos 640 MW

BOP Wind FarmTres Mesas 148,5 MW

CogenerationNuevo Pemex277 MW – 550 Ton/h

Power Generation

‣ Client: CFE‣ COD: 2019

Construction and commissioning of four transmission lines totaling 21.1 km in 230 kV as well as two substation in 230 kV in Chihuahua.

Project’s aim is to evacuate the energy generated in the combined cycle Norte III

‣ Client: CFE‣ COD: 2016

Execution of all the necessary works for the construction and commissioning of four substations in 230/115 kV in the state of Sinaloa.

‣ Client: CFE‣ COD: 2014

The project involves the construction of two substations of 230 kV and a transmission line of 400 kV with 201 km length in the Mexican state of Sonora.

It is one of the largest transmission lines projects awarded by the CFE in the last years.

‣ Client: CFE‣ COD: 2009

Construction of a line of 74 km and laying of other existing of 207.7 km, both in 400 kV

Abengoa developed the works of the line between Lazaro Cardenas and Ixtapa Potencia, for which the engineering, assembly and prototype tests for the structures were required to withstand winds above 200 km/h.

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283 LT Red de Transmisión Asociada al CC Norte III21.1 km – 2 SS 230

SLT 1902 Subestaciones y Compensación del Noroeste4 SS 230/115 kV

SLT 1112 Transmisión y transformación del Noroeste201 km – 2 SS 230 kV

68 LT Red de Transmisión Asociada al Pacífico 207.7 km – 3 SS 230 kV

Transmission & Distribution

Innovative technology solutionsfor sustainability

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