Slide 1: EVN conference call HY. 1 2019/20 results
EVN conference call HY. 1 2019/20 results 28 May 2020
Slide 2: Highlights HY. 1 2019/20
Highlights HY. 1 2019/20 Solid business development despite negative non-cash, non-recurring effects − Recovery of EVN KG − Networks Segment negatively affected by lower tariffs and volume effects − Impairment losses due to increase in country risk premiums in South East Europe caused by the Covid-1
Slide 3: Key financials HY. 1 2019/20
Key financials HY. 1 2019/20 HY. 1 2019/20 +/- EURm % Different developments in revenue Revenue 1,194.4 -4.2 − Positive trend from South East Europe and EBITDA 388.8 17.7 international project business Depreciation and amortisation -143.6 -7.8 Effects from impairment tests -14.5 - − Decline in therm
Slide 4: Solid balance sheet structure
Solid balance sheet structure Increase of net debt in HY. 1 2019/20 includes effect of EUR 68.1m in connection with initial application of IFRS 16 Rating updates in May 2020: − Moody’s: A1, stable outlook − Standard & Poor’s: A, negative outlook Conference call HY. 1 2019/20 results 4
Slide 5: EBITDA development by segments
EBITDA development by segments Generation Energy Networks South East Europe Environment Electricity generation Decline in marketing of Negative volume and Sound operating Y-o-y comparison below previous year own generation tariff effects performance influenced by positive Recovery of sales one-off e
Slide 6: Generation
Generation HY. 1 2019/20 +/- Electricity generation volumes GWh % Decline in electricity generation Total 1,749 -31.4 − Renewable generation slightly lower y-o-y Renewable energy sources 978 -1.3 Thermal energy sources 771 -50.6 (additional wind capacity, but lower wind and water flows) Key financia
Slide 7: Energy
Energy Sales volumes to HY. 1 2019/20 +/- end customers GWh % Different development of energy Electricity 4,422 7.9 sales volumes Natural gas 3,842 -2.7 Heat 1,425 2.2 − Increase in electricity sales volumes (positive development in sales to industrial customers) Key financial indicators EURm Revenu
Slide 8: Networks
Networks Network distribution HY. 1 2019/20 +/- volumes GWh % Different development of network Electricity 4,545 0.0 distribution volumes Natrual gas 10,193 -3.5 − Electricity network sales volumes at prior Key financial indicators EURm year level Revenue 292.7 -3.9 EBITDA 133.7 -10.1 − Decline in n
Slide 9: South East Europe
South East Europe Key energy business HY. 1 2019/20 +/- indicators GWh % Network and energy sales Electricity generation volumes 234 -2.6 volumes declined y-o-y thereof renewable energy 52 12.6 thereof thermal power plants 182 -6.2 − Unusually mild temperatures Network distribution volumes 7,619 -1.
Slide 10: Environment
Environment HY. 1 2019/20 +/- Key financial indicators GWh % Higher revenue y-o-y Revenue 65.4 62.5 − Increase in drinking water sales volumes EBITDA 9.2 -30.2 EBIT 3.3 -56.1 − Positive development of international Financial results -3.4 -30.7 project business Result before income tax -0.1 - EBITDA
Slide 11: Cash flows
Cash flows HY. 1 2019/20 +/– EURm in % CF from operating activities Gross cash flow 321.1 -17.5 Net cash flow from operating activities 31.2 -70.9 − Non-cash effective earnings contribution Net cash flow from investing activities 57.2 - by equity accounted investees Net cash flow from financing acti
Slide 12: Reduced outlook for 2019/20
Reduced outlook for 2019/20 Group net result for 2019/20 is expected to range from EUR 180m to EUR 200m (so far: EUR 200m to EUR 230m) − Impact of Covid-19 (impairment losses and delayed start of construction on the wastewater project in Kuwait) − Assuming average conditions in the energy business e
Slide 13: Contact details
Contact details Stefan Szyszkowitz, CEO Information on the internet − www.evn.at IR contact partners: − www.investor.evn.at − Gerald Reidinger − www.responsibility.evn.at − Matthias Neumüller − Doris Lohwasser Headquarters of EVN AG − EVN Platz 2344 Maria Enzersdorf IR contact details − E-mail: inve
Slide 14: Disclaimer
Disclaimer Certain statements made in this presentation may constitute „Forward-Looking Statements” within the meaning of the U.S. federal securities law. Forward- looking information is subject to various known and unknown risks and uncertainties. These include statements concerning our expectation