Enea Sa · GPW:ENA
Enea Sa — FY2021 Earnings Presentation
24 slides from Enea Sa's earnings presentation, 2021
Slide 1: Results of the ENEA Group in 2021
Results of the ENEA Group in 2021
Slide 2: Results of the ENEA Group in 2021
Results of the ENEA Group in 2021 PLN 21.2 bn PLN 3.6 bn 0.75 revenue, EBITDA, net debt/ EBITDA LTM up by PLN 3 billion (+17% y/y) up by PLN 335 milion (+10% y/y) improvement by 1.20 y/y 26.4 TWh 9.9 mln t 2,4 TWh of electricity generated, of net coal production, energy produced from RES, up by 3.9
Slide 3: Market Environment
Market Environment
Slide 4: The situation on the energy market
The situation on the energy market CO₂ emission allowances (Dec-20) Prices of „green” property rights (PMOZE_A) EUR/t PLN/MWh 272.6 67.3 57.1 50.2 192.7 155.6 37.6 144.6 147.8 141.0 144.3 117.6 132.8 131.2 125.9 136.5 26.2 27.7 25.3 27.7 27.8 23.2 23.0 21.6 +142% +93% Q1 19 Q2 19 Q3 19 Q4 19 Q1 20 Q
Slide 5: Mining Area
Mining Area
Slide 6: Operating results of LW Bogdanka
Operating results of LW Bogdanka Production of coal [mln tons] Sales of coal [mln tons] 9.9 10.0 7.6 7.7 2.4 2.8 2.1 2.0 +17% +31% +42% +31% Q4 2020 Q4 2021 2020 2021 Q4 2020 Q4 2021 2020 2021 Coal inventories [mln ton] New excavations [km] 25.7 23.2 0.12 0.12 7.8 6.1 0.02 0.02 -83% -83% +28% -10% Q
Slide 7: EBITDA of the LW Bogdanka Group in Q4 and 2021
EBITDA of the LW Bogdanka Group in Q4 and 2021 [PLN mln] [PLN mln] 2020 2021 Q4 2020 Q4 2021 703 2 371 1 822 469 +224% +246% +75% +50% +295% +285% +71% +30% 259 798 154 149 466 124 367 288 38 44 95 73 Net profit of the Operating profit EBITDA Net revenue from Net profit of the Operating profit EBITD
Slide 8: EBITDA in 2021
EBITDA in 2021 [PLN mln] 566.6 -7.1 797.6 -227.5 -0.6 466.2 LWB Group’ EBITDA Quantity of coal sold Price of coal sold Movement in cash mining Result on LWB’ other LWB Group’ EBITDA Actuals 2020 cost of coal sold business and subsidiaries Actuals 2021 Key (+) Increased volume of coal sold drivers (-
Slide 9: Generation Area
Generation Area
Slide 10: Operational data
Operational data Net production [TWh] Q4 2020 Q4 2021 2020 2021 26.4 22.5 6.9 17.9 5.6 15.4 4.4 3.8 -2% +40% +16% +22% +1% +24% +16% +17% 7.8 2.2 6.3 1.6 2.4 2.4 0.6 0.6 Total electricity Połaniec Power Kozienice Power Total net Total electricity Połaniec Power Kozienice Power Total net production f
Slide 11: Distribution Area
Distribution Area
Slide 12: Volume of distribution services
Volume of distribution services Sales of distribution services to end users [GWh] Number of customers [thousands] 20 336 19 419 2021 2 703 5 094 5 187 +2% +5% 2020 2 661 Q4 2020 Q4 2021 2020 2021 (+) Increase in the number of customers by 1.6% Key (+) Increase in sales of distribution services to ho
Slide 13: Trading Area
Trading Area
Slide 14: Volume of energy sales
Volume of energy sales Sales of electricity and gaseous fuel to retail customers [GWh] Number of customers [thousands] 24 506 21 113 6 338 5 507 2021 2 615 +15% +16% 2020 2 565 Q4 2020 Q4 2021 2020 2021 (+) Sales volume of electricity in the household segment up by 1% Key (+) Sales volume of electri
Slide 15: Financial results
Financial results
Slide 16: Key financial data
Key financial data Revenue from sales and other income [PLN mln] EBITDA [PLN mln] 21 211 3 637 3 302 18 195 5 920 864 4 731 667 +25% +17% +30% +10% Q4 2020 Q4 2021 2020 2021 Q4 2020 Q4 2021 2020 2021 Net profit / (loss) [PLN mln] Net debt / EBITDA LTM 1 786 1.95 454 - - 0.75 Improvement by 1.20 -2 1
Slide 17: EBITDA in 2021
EBITDA in 2021 [mln zł] 1 392.9 107.8 3 636.8 -124.5 -140.1 1 602.5 798.3 Wydobycie Wytwarzanie Dystrybucja Obrót Pozostała działalność Pozycje nieprzypisane EBITDA Mining Generation Distribution Trading Other activity Unassigned items i wyłączenia EBITDA 2021 and elimination 2021 MIning Generation
Slide 18: CAPEX in the key areas of ENEA Group
CAPEX in the key areas of ENEA Group CAPEX – capital expenditures [PLN mln] 2020 2021 2 441 Plan 2022 1 980 Other Generation 1 176 1 033 20.2% 614 548 444 19.1% 453 103 51 Mining PLN 3,201 bn Mining Generation Distribution Other Total 21.2% 39.5% 3 201 Execution 2021 Plan 2022 Distribution 1 980 1 2
Slide 19: Attachments
Attachments
Slide 20: Operating results of LW Bogdanka
Operating results of LW Bogdanka Item 2020 2021 Change Q4 2020 Q4 2021 Change Net production 7 612 9 935 30.5% 2 074 2 432 17.3% [000s of tons] Sales of coal 7 670 10 036 30.8% 1 970 2 792 41.7% [000s of tons] Inventories (at th end of the period) 122 21 -82.8% 122 21 -82.8% [000s of tons] Excavatio
Slide 21: ENEA Group's operational data
ENEA Group’s operational data ENEA Group’s operational data [GWh] 2020 2021 Change Q4 2020 Q4 2021 Change Total net electricity generation 22 482 26 393 17.4% 5 629 6 858 21.8% from conventional sources 20 090 23 978 19.4% 4 994 6 236 24.9% ENEA Wytwarzanie 15 447 17 861 15.6% 3 844 4 446 15.7% MEC
Slide 22: ENEA Group's operational data Generation Area results Volume of Energy sales
ENEA Group’s operational data Generation Area results Generation, including: Power Plants Heat RES [PLN mln] 2020 2021 Change 2020 2021 Change 2020 2021 Change Revenue form sales 7 214 8 673 1 459 513 651 138 737 902 165 and other income EBIT (2 707) 732 3 439 53 109 56 211 327 116 EBITDA 1 163 1 03
Slide 23: Key financial data
Key financial data ENEA Group’ financial data [PLN mln] Q4 2020 Q4 2021 Change 2020 2021 Change Revenue from sales and other income 4 731 5 920 25% 18 195 21 211 17% EBITDA 667 864 30% 3 302 3 637 10% EBIT (2 630) 442 117% (1 706) 2 067 221% Net profit / (loss) (2 191) 454 121% (2 234) 1 786 180% fo
Slide 24: Results of the ENEA Group in 2021
Results of the ENEA Group gielda@enea.pl in 2021