Athens Water Supply And Sewerage Company S.a. · ATHEX:EYDAP
Athens Water Supply And Sewerage — H1 2024 Earnings Presentation
34 slides from Athens Water Supply And Sewerage's earnings presentation, Sep 26, 2024
Slide 1: H1 2024 Financial Results Briefing
H12024 Financial Results Briefing 26 September 2024 Yliki Reservoir
Slide 2: Increase of water consumption led to significant increase in turnover and earnings
The increase of water consumption led to a significant increase in turnover and earnings Turnover OPEX EBT 7,2% 1,5% 674% 162,8 m € 174,5 m € 163,7 m € 166,1 m € 1,9 m € 14,5 m € H1 2023 H1 2024 H1 2023 H1 2024 H1 2023 H1 2024 Increase of turnover by 7,2% OPEX was affected by the increase of Profits
Slide 3: We are addressing climate change…
We are addressing climate change… …the extraordinary increase of water This was the second year consumption due to long of continuous drought, lasting high which, combined with… temperatures, led to significant revenue On the supply side, EYDAP increase and a decrease has already taken short of rese
Slide 4: … while preparing for growth…
… while preparing for growth… Growth via existing Law 5106/2024 that contains favourable regulations regarding EYDAP’s development flexibilities and potential for expansion Growth via the state’s plans to issue a law regarding EYDAP’s expansion in adjacent areas and the islands The expected Joint Mi
Slide 5: …and pursuing a demanding investment plan for a sustainable future
…and pursuing a demanding investment plan for a sustainable future • The approximately 2.1 billion euro 2024-2033 investment program includes: - major projects in Eastern Attica amounting to 958.7cm €. - water supply network projects amounting to 681.6m € - sewerage projects amounting to 364.5 cm. €
Slide 6: Financial Results H1 2024
Financial Results Η1 2024 M a ra t h o n D a m
Slide 7: Production of Water Treatment Plants until 22/9/2024
Production of Water Treatment Plants until 22/9/2024 (in mil. cubic meters) September 2024
Slide 8: Financial Results 1H 2024 (Company)
Financial Results 1H 2024 (Company) In thousands of € 1H 2022 1H 2023 1H 2024 Y-O-Y Turnover 163.854 162.764 174.486 7% Gross Profits 67.135 55.317 72.782 32% % of turnover 41,0% 34,0% 41,7% EBITDA 34.525 19.203 30.210 57% % of turnover 21,1% 11,8% 17,3% EBIT 14.988 -329 8.510 2689% % of turnover 9,
Slide 9: EBITDA 1H 2024
EBITDA 1H 2024 (in thousands of €) In all presentation diagrams the size increases are shown in blue and the decreases in red. If the total change is positive for the company's profits it is displayed in green while if it is negative in orange September 2024
Slide 10: EBITDA without Various Provisions
EBITDA without Various Provisions 1Η 2024 (amounts in thousands of €) 1H 2022 1H 2023 1H 2024 Y-O-Y Y-O-Y % EBITDA 34.525 19.203 30.210 11.007 57% Various Provisions -13.938 2.312 -6.955 -9.267 -401% EBITDA-Various Provisions 20.588 21.515 23.255 1.740 8% VARIOUS PROVISIONS 1H 2022 1H 2023 1H 2024 Y
Slide 11: EBITDA without Various Provisions
EBITDA without Various Provisions 1Η 2024 (amounts in thousands of €) September 2024
Slide 12: Earnings Before Taxes (EBT)
Earnings Before Taxes (EBT) 1Η 2024 (amounts in thousands of €) In all presentation diagrams the size increases are shown in blue and the decreases in red. If the total change is positive for the company's September 2024 profits it is displayed in green while if it is negative in orange
Slide 13: EBITDA without Various Provisions 1H 2024 vs 1H 2020
EBITDA without Various Provisions 1Η 2024 vs 1H 2020 (amounts in thousands of €) In all presentation diagrams the size increases are shown in blue and the decreases in red. If the total change is positive for the company's September 2024 profits it is displayed in green while if it is negative in or
Slide 14: Turnover Breakdown
Turnover Breakdown 1Η 2024 (amounts in thousands of €) TURNOVER 1H 2022 1H 2023 1H 2024 Y-O-Y Revenues from Water Supply and Related Services 103.035 101.299 109.588 8,2% % of turnover 62,9% 62,2% 62,8% Revenues from Sewerage Services 47.307 47.837 50.556 5,7% % of turnover 28,9% 29,4% 29,0% Revenue
Slide 15: Turnover
Turnover 1Η 2024 (amounts in thousands of €) In all presentation diagrams the size increases are shown in blue and the decreases in red. If the total change is positive for the company's profits it is displayed in green while if it is negative in orange September 2024
Slide 16: Revenues from Water Supply and Related Services
Revenues from Water Supply and Related Services 1Η 2024 (amounts in thousands of €) WATER SUPPLY AND RELATED SERVICES 1H 2022 1H 2023 1H 2024 Υ-Ο-Υ Revenues from Water Consumption 98.665 97.511 105.307 8,0% % of the total of water supply and related services 95,8% 96,3% 96,1% New Water Supply Connec
Slide 17: Revenues from Water Supply and Related Services
Revenues from Water Supply and Related Services 1Η 2024 (amounts in thousands of €) In all presentation diagrams the size increases are shown in blue and the decreases in red. If the total change is positive for the company's profits it is displayed in green while if it is negative in orange Septemb
Slide 18: Revenues from Sewerage Services
Revenues from Sewerage Services 1Η 2024 (amounts in thousands of €) Sewerage Revenues 1H 2022 1Η 2023 1Η 2024 Υ-Ο-Υ Revenues from Sewer Usage 46.116 46.596 49.277 5,8% % of the total Revenues from Sewerage Services 97,5% 97,4% 97,5% Connection Fees 303 420 494 17,9% % of the total Revenues from Sewe
Slide 19: Revenues from Sewerage Services
Revenues from Sewerage Services 1Η 2024 (amounts in thousands of €) In all presentation diagrams the size increases are shown in blue and the decreases in red. If the total change is positive for the company's profits it is displayed in green while if it is negative in orange September 2024
Slide 20: Operating Expenses Breakdown
Operating Expenses Breakdown* 1Η 2024 (amounts in thousands of €) OPERATING EXPENSES* 1H 2022 1H 2023 1H 2024 Υ-O-Y Personnel Costs 62.708 63.740 69.879 9,6% % of Operating Expenses 49% 44% 48% Utility Expenses 29.498 28.324 24.754 -12,6% % of Operating Expenses 23% 20% 17% Third-party Expenses and
Slide 21: Operating Expenses Breakdown 1H 2024
Operating Expenses Breakdown* 1Η 2024 *before D&A expenses (amounts in thousands of €) In all presentation diagrams the size increases are shown in blue and the decreases in red. If the total change is positive for the company's profits it is displayed in green while if it is negative in orange Sept
Slide 22: Personnel Costs Breakdown
Personnel Costs Breakdown 1Η 2024 (amounts in thousands of €) PERSONNEL COSTS 1H 2022 1H 2023 1H 2024 Υ-O-Y Wages and Salaries 47.245 47.636 52.512 10% % of the total of Personnel Costs 75% 75% 75% Social Security Costs 9.516 11.110 12.034 8% % of the total of Personnel Costs 15% 17% 17% Provisions
Slide 23: Personnel Costs
Personnel Costs 1Η 2024 (amounts in thousands of €) In all presentation diagrams the size increases are shown in blue and the decreases in red. If the total change is positive for the company's profits it is displayed in green while if it is negative in orange September 2024
Slide 24: Breakdown of Various Provisions
Breakdown of Various Provisions 1Η 2024 (amounts in thousands of €) VARIOUS PROVISIONS 1H 2022 1H 2023 1H 2024 Y-o-Y Provisions for Impairment of Receivables * -5.198 1.924 2.057 7% Provisions for Litigations Cases -8.952 429 -8.488 -2081% Provisions for Obsοlete Inventories 213 -40 -523 -1208% Tota
Slide 25: Breakdown of Third-Party Expenses & Fees
Breakdown of Third-Party Expenses & Fees 1Η 2024 (amounts in thousands of €) THIRD-PARTY EXPENSES & FEES 1H 2022 1H 2023 1H 2024 Y-o-Y O&M Contractors 16.496 15.852 17.015 7% Personnel Contractors 4.395 4.562 5.407 19% Various Third Party Expenses without tax 2.640 2.147 2.900 35% Security and Fire
Slide 26: Third-Party Expenses & Fees
Third-Party Expenses & Fees 1Η 2024 (amounts in thousands of €) In all presentation diagrams the size increases are shown in blue and the decreases in red. If the total change is positive for the company's profits it is displayed in green while if it is negative in orange September 2024
Slide 27: Breakdown of Utility Expenses
Breakdown of Utility Expenses 1Η 2024 (amounts in thousands of €) UTILITY EXPENSES 1H 2022 1H 2023 1H 2024 Y-o-Y Electricity 17.423 17.249 12.637 -27% % of the total of Utility Expenses 59% 61% 51% Natural Gas 410 68 25 -62% % of the total of Utility Expenses 1% 0% 0% Rents 4.700 4.484 4.450 -1% % o
Slide 28: Utility Expenses
Utility Expenses 1Η 2024 (amounts in thousands of €) In all presentation diagrams the size increases are shown in blue and the decreases in red. If the total change is positive for the company's profits it is displayed in green while if it is negative in orange September 2024
Slide 29: Breakdown of Other Expenses
Breakdown of Other Expenses 1Η 2024 (amounts in thousands of €) OTHER EXPENSES 1H 2022 1Η 2023 1Η 2024 Y-o-Y Taxes and duties 2.806 2.666 2.729 2% % of the total of Other Expenses 43% 41% 41% Consumables 1.245 1.348 1.923 43% % of the total of Other Expenses 19% 21% 21% Promotion and Advertising Exp
Slide 30: Other Expenses
Other Expenses 1Η 2024 (amounts in thousands of €) In all presentation diagrams the size increases are shown in blue and the decreases in red. If the total change is positive for the company's profits it is displayed in green while if it is negative in orange September 2024
Slide 31: Balance Sheet Items
Balance Sheet Items 1Η 2024 (amounts in thousands of €) ASSETS 2023 1H 2024 1Η24-FY23 % Tangible Assets 783.757 787.078 0,4% Intagible Assets 75.684 73.565 -2,8% Right-of-Use Assets 2.949 2.506 -15,0% Other Non Current Assets 89.930 94.808 5,4% Inventories 20.354 19.339 -5,0% Trade Receivables-Contr
Slide 32: Breakdown Receivables from Customers and Contract Assets
Breakdown Receivables from Customers and Contract Assets 1Η 2024 (amounts in thousands of €) Receivables from Customers and Contract Assets 2023 1Η 2024 Receivables from Customers and Contract Assets before provisions 268.980 279.654 Provisions for doubtful receivables and Contract Assets -99.126 -1
Slide 33: Cash Flow Statement
Cash Flow Statement 1Η 2024 (amounts in thousands of €) 1H 2022 1H 2023 1H 2024 Cash Flow from operating activities Profit before tax 20.317 1.873 14.488 Adjustments for non-cash items 655 19.177 6.706 Adjustments in operating assets and liabilities -169.323 -43.544 -28.305 Late payment charges coll
Slide 34: EYDAP SA Athens Water Supply & Sewerage Company
EYDAP SA ATHENS WATER SUPPLY & SEWERAGE COMPANY 156. OROPOU STR. GALATSI. ZIP CODE 11146 EYDAPP
EYDAP S.A. (Athens Water Supply & Sewerage Company) — H1 2024 Earnings Presentation on 6ix