Edison Spa · MIL:EDNR
Edison Spa — Q1 2024 Earnings Presentation
8 slides from Edison Spa's earnings presentation, May 15, 2024
Slide 1: 1Q2024 Results
1Q2024 Results Milan, 15 May 2024 C1 Confidential
Slide 2: Edison 1Q 2024 results: strong performance with EBITDA at 595 M€ (+12%)
Edison 1Q 2024 results: strong performance with EBITDA at 595 M€ (+12%) supported by zero or near zero emission businesses. REVENUES at 4 B€ Positive contribution of (vs 6 B€ in 1Q23) renewable energy DUE MAINLY TO LOWER generation (+58% in No Financial debt GAS & POWER PRICE volumes) mostly thanks
Slide 3: Power: increase in renewable energy generation driven by hydro volumes
POWER Edison – Increase in renewable energy generation (+58% in volumes) driven by Hydro volumes. (TWh) SOURCES USES +0.7% at 77.7 TWh 9,8 -0.4% 9,9 9,8 -0.4% 9,9 0,13 -18.5% 0,16 0,13 -18.5% 0,16 +23.6% Net import 3,7 +9.1% 3,4 5,0 -3.9% 5,2 +9.0% Other RES prod. 0,7 +12.4% +75.6% 0,6 Hydro prod. 0
Slide 4: Gas: increase in volume of gas sold to end consumers, no gas from Russia
GAS Edison – Increase in volume of gas sold to end consumers. No gas from Russia. (bcm) SOURCES USES -4% at 4,5 19.9 bcm +13.1% 4,5 +13.1% 4,0 Grid 4,0 1,8 -41.9% consumption and 1,2 +22.7% losses +70.6% 1,5 0,7 +0.3% Industrial uses 1,3 +14.2% 1,2 -1.1% Residential uses -5.7% Thermo uses. 3,1 +4.8%
Slide 5: EBITDA increased by 12% to 595 M€ thanks to zero or near-zero emission businesses
EBITDA increased by 12% to 595 M€ thanks to the strong performance of zero or near-zero direct emission businesses (M€) EBITDA Δ EBITDA MAIN DRIVERS ▲ Positive contribution of renewable generation: 129 -hydroelectric volumes grew by more than 190% yoy; 595 -wind and photovoltaic power performed well
Slide 6: Profit at 322 M€ up 11.8% compared to 288 M€ in 1Q2023
Profit at 322 M€ up 11.8% compared to 288 M€ in 1Q2023 (M€) GROUP INTEREST IN PROFIT +11.8% 322 288 1Q2023 1Q2024 6 C1 Confidential
Slide 7: Financial debt at credit of 571 M€ thanks to significant cash generation
Financial debt at credit of 571 M€ thanks to significant cash generation resulting from strong operating results. (M€) Investments mainly related to: • Energy and environmental services (27 M€) • Thermal generation (9 M€) • Generation from renewables (6 M€) NET DEBT (1 ) • Retail activities new cont
Slide 8: Statement
Statement As required by Article 154-bis, Section 2, of the Uniform Finance Law (Legislative Decree No 58/1998), Ronan Lory and Roberto Buccelli, in their capacity as “Dirigenti preposti alla redazione dei documenti contabili societari” of Edison S.p.A., attest that the accounting information contai