Slide 1: EVN conference call Q. 1-3 2022/23 results
EVN conference call Q. 1-3 2022/23 results 24 August 2023
Slide 2: Highlights Q. 1-3 2022/23
Highlights Q. 1-3 2022/23 Sound financial performance − Group net result +83.5 % − Significantly higher dividend of Verbund AG for 2022 financial year − Sharp decline of earnings contribution of EVN KG (EUR -268.7m) − Share of renewable generation in Q. 1-3 2022/23 increased to 76.0% (previous yea
Slide 3: Key financials Q. 1-3 2022/23
Key financials Q. 1-3 2022/23 Q. 1-3 2022/23 +/– • Revenue slightly below prior year’s level EURm % Revenue 2,904.1 -1.3 − Declining revenues in South Eastern Europe and the international EBITDA 602.1 4.2 project business Depreciation and amortisation -244.5 -3.3 − Positively affected by price effec
Slide 4: Solid balance sheet structure
Solid balance sheet structure Strong balance sheet as the basis for increased investment programme (exceeding EUR 600m p.a., mainly in Lower Austria) Net debt increased y-o-y due to high investment level and temporary financing of working capital needs "Green loan“ of EUR 110m from EIB for con
Slide 5: Energy
Energy Sales volumes to Q. 1-3 2022/23 +/– • Decline in electricity, natural gas and heat end customers 1) GWh % sales volumes Electricity 5,911 -11.3 Natural gas 1) 3,957 -12.4 − Temperature-related energy demand in line with long-term Heat 1,845 -8.2 average, but below level of prior year − Consum
Slide 6: Generation
Generation Q. 1-3 2022/23 +/– • Electricity generation below prior year Electricity generation volumes GWh % Total 1,769 -18.9 − Y-o-y increase in electricity production from hydropower, Renewable energy sources 1,483 -0.4 but significantly lower wind flows Thermal energy sources 286 -58.8 − Decreas
Slide 7: Networks
Networks Network distribution Q. 1-3 2022/23 +/– • Decline in electricity and natural gas volumes GWh % network sales volumes Electricity 6,037 -9.3 Natural gas 1) 10,401 -24.2 − Mild temperatures and consumers‘ energy saving efforts lowered network sales volumes for industrial and household custome
Slide 8: South East Europe
South East Europe Key energy business Q. 1-3 2022/23 +/– • Higher electricity generation volumes y-o-y indicators GWh % Electricity generation volumes 376 5.6 − Higher water flows and additional PV capacities in North Network distribution volumes 10,476 -7.5 Macedonia Electricity sales volumes 8,297
Slide 9: Environment
Environment Q. 1-3 2022/23 +/– • EBITDA, EBIT and result before income tax Financial performance EURm % above prior year’s level Revenue 364.3 -11.5 EBITDA 44.3 5.5 − Revenue in international project business lower after peak EBIT 20.3 - driven by major project in Kuwait Financial results -19.6 -13.
Slide 10: Cash flows
Cash flows Q. 1-3 2022/23 +/– • Increase in gross cash flow EURm in % − Higher results before income tax recorded Gross cash flow 944.2 60.3 Net cash flow from operating activities 365.1 - − Dividend payment by Verbund AG for 2022 (EUR 158m) Net cash flow from investing activities -374.8 - Net cash
Slide 11: Outlook for 2022/23 financial year confirmed
Outlook for 2022/23 financial year confirmed Contribution of the operating activities of EVN to Group net result in the financial year 2022/23 is expected to be at approximately EUR 250m1) In addition, earnings contribution from the dividend from Verbund AG in the amount of EUR 158m Dividend p
Slide 12: Appendix
EVN Appendix
Slide 13: Segment outlook for 2022/23
Segment outlook for 2022/23 Previous Adjusted Segment 0utlook 0utlook Comments 2022/23 2022/23 Segment earnings outlook adjusted: expected to be negative, but reflecting prior year – High loss recorded by EVN KG in the first half of 2022/23 Energy – Ongoing difficult market environment for distr
Slide 14: Contact details
Contact details • Stefan Szyszkowitz, CEO • Information on the internet − www.evn.at • IR contact partners: − www.investor.evn.at − Karin Krammer − www.responsibility.evn.at − Doris Lohwasser − Matthias Neumüller • Headquarters of EVN AG − Gerald Reidinger − EVN Platz 2344 Maria Enzersdorf • IR cont
Slide 15: 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 expectations