Slide 1: EVN conference call HY. 1 2022/23 results
EVN conference call HY. 1 2022/23 results 25 May 2023
Slide 2: Highlights HY. 1 2022/23
Highlights HY. 1 2022/23 Proposal of a special dividend and specification of outlook for 2022/23 − Special dividend for 2022/23 of EUR 0.62 per share to be proposed at 95th AGM1) − Ordinary dividend for 2022/23 to be at least EUR 0.52 per share1) − Contribution of operating activities to Group net
Slide 3: Key financials HY. 1 2022/23
Key financials HY. 1 2022/23 HY. 1 2022/23 +/– • Increase in revenue EURm % Revenue 2,192.6 3.1 − Price effects in renewable generation EBITDA 466.4 11.0 Depreciation and amortisation -162.6 -2.7 − Valuation effects of hedges and higher prices at EVN Wärme Effects from impairment tests - - EBIT 303.
Slide 4: Solid balance sheet structure
Solid balance sheet structure Strong balance sheet as a basis for increased investment programme (exceeding EUR 600m p.a., mainly in Lower Austria) Working Capital related increase in net debt Ratings confirmed: A1/stable (Moody’s), A+/stable (Scope) Conference call HY. 1 2022/23 results 4
Slide 5: Energy
Energy Sales volumes to HY. 1 2022/23 +/– • Decline in electricity, natural gas and heat end customers GWh % sales volumes Electricity1) 4,187 -9.2 Natural gas1) 3,290 -14.8 − Warmer temperatures year-on-year as well as in the long- Heat 1,487 -7.0 term average − Consumers‘ energy saving efforts HY.
Slide 6: Generation
Generation HY. 1 2022/23 +/– • Electricity generation below previous year Electricity generation volumes GWh % Total 1,194 -25.0 − Y-o-y increase in electricity production from hydropower Renewable energy sources 959 -5.2 did not offset significantly lower wind flows Thermal energy sources 235 -59.6
Slide 7: Networks
Networks Network distribution HY. 1 2022/23 +/– • Decline in electricity and natural gas volumes GWh % network sales volumes Electricity 4,263 -8.6 Natural gas1) 8,106 -27.0 − Decreased network sales volumes for industrial and household customers due to warmer weather and consumers‘ energy saving ef
Slide 8: South East Europe
South East Europe Key energy business HY. 1 2022/23 +/– • Increase in electricity generation volumes indicators GWh % Electricity generation volumes 253 4.3 − Higher water flows in North Macedonia and additional Network distribution volumes 7,379 -10.3 photovoltaics capacities Electricity sales volu
Slide 9: Environment
Environment HY. 1 2022/23 +/– • Increase in EBITDA, EBIT and result before Financial performance EURm % income tax Revenue 267.7 10.2 EBITDA 35.4 49.0 − Progress on Kuwait project as main driver for growth in EBIT 18.4 - revenue and operating expenses Financial results -13.7 -46.9 Result before inco
Slide 10: Cash flows
Cash flows HY. 1 2022/23 +/– • Increase in gross cash flow EURm in % Gross cash flow 634.3 62.8 − Higher earnings recorded Net cash flow from operating activities -94.4 -12.3 Net cash flow from investing activities -126.5 50.5 Net cash flow from financing activities -72.8 - • Decrease in CF from ope
Slide 11: Outlook for 2022/23 financial year
Outlook for 2022/23 financial year Group net result for 2022/23 is expected to be at the upper end of the communicated range at around EUR 250m − Based on currently available information on first half year 2022/23 In addition, earnings contribution from the investment in Verbund AG in the amount
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