S.p.e.e.h. Hidroelectrica S.a. · BVB:H2O

S.p.e.e.h. Hidroelectrica — Hidroelectrica — H1 2023 Earnings Presentation

15 slides from S.p.e.e.h. Hidroelectrica's earnings presentation, Aug 17, 2023

  1. Slide 1: #1 Power Producer in Romania and One of the Largest European Hydro Companies

    #1 Power Producer in Romania and One of the Largest European Hydro Companies 1H 2023 Key Financials Update 17 August 2023

  2. Slide 2: Disclaimer

    Disclaimer THIS PRESENTATION AND ITS CONTENTS ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL OR REQUIRE REGISTRATION OR AN

  3. Slide 3: Today's Presenters

    Today’s Presenters Bogdan-Nicolae Badea Dragos Rosu Marian Fetita CEO / President of the Executive Board Head of Strategy & Corporate Affairs Head of Finance & Accounting 3

  4. Slide 4: Hidroelectrica at a Glance

    Hidroelectrica at a Glance #1 Electricity Producer in Romania with 100% Renewable Energy Portfolio of Scale Strong Financial and Operational Performance Adj. EBITDA(8) (RON MM) 69.6% 74.5% 63.6% 72.2% 71.0% #1 electricity generation player ~29% ~95% 15.5 TWh in Romania of electricity of Romanian ave

  5. Slide 5: Clear Strategy with Focus on Operational Efficiencies, Growth and Shareholder Returns

    Clear Strategy with Focus on Operational Efficiencies, Growth and Shareholder Returns Operational Efficiency Diversified Growth Prudent Financial Strategy Executing Organic Diversifying into Growing Share in the Maximising Cash Optimising Existing Hydroelectric Adjacent Renewable Romanian Energy Gen

  6. Slide 6: Hidroelectrica 1H 2023 Key Financials Update

    01 Hidroelectrica 1H 2023 Key Financials Update Bogdan Badea – CEO / President of the Executive Board

  7. Slide 7: Strong Revenue Increase Underpinned by Steep Recovery in Production Figures

    Strong Revenue Increase Underpinned by Steep Recovery in Production Figures Revenue Highlights Revenue (RON MM) 6,977 1• Strong revenue growth mainly driven by higher total energy sold (+c.49%) in 1H 1,375 (26) (13) 1 0 155 3 2023 (11,460 GWh) compared to 1H 2022 (7,676 GWh) for both generation 2,38

  8. Slide 8: Increasing Volumes Sold Reflect Robust Growth in Generation and Supply Segments

    Increasing Volumes Sold Reflect Hidroelectrica’s Robust Growth in Both Generation and Supply Segments Total Energy Sold Highlights Total Energy Sold (GWh) 1• Hidroelectrica’s total energy produced 1,398 11,460 in 1H 2023 period was 10,625 GWh (+c.45% from 1H 2022) and total energy sold reached 11,46

  9. Slide 9: Increase in Adj. EBITDA Driven by Higher Net Income Contribution

    Increase in Adj. EBITDA Driven by Higher Net Income Contribution as a Result of Positive Fundamentals in the Romanian Power Market Adjusted EBITDA Highlights Adjusted EBITDA (RON MM) Adjusted EBITDA Breakdown (RON MM) 1• Net Income increased by RON1,249m (+c.46%) in 1H 23 1H 22 1H 23 compared to 1H

  10. Slide 10: Stable Cost Structure and a Cost-Efficient Organisation

    Stable Cost Structure and a Cost-Efficient Organisation Operating Expenses Highlights Operating Expenses (RON MM) % of Revenues 45% 36% 35% 1• Increase in turbinated water expenses from 1H 22 to 1H 23 mainly due to the 4,290 183 increase in fee per cubic meter of water used, established annually by

  11. Slide 11: Stable and Robust Operating Cash Flows

    Stable and Robust Operating Cash Flows Attributed to Strong Market Position in Both Power Generation and Supply Businesses Operating Cash Flow Highlights Operating Cash Flow (RON MM) 1,249 35 (90) (1,339) 1• Net Income increased +c.46% from 1H 22 to 1H 23, underpinned by improved hydrology combined

  12. Slide 12: Appendix

    HIDROELECTRICA Appendix

  13. Slide 13: Revenue Build-up

    Revenue Build-up H1 23 H1 22 Total Production GWh 10,625 7,347 External Acquisitions GWh 835 329 Generation Energy Sold GWh 11,460 7,676 Balancing GWh (151) (259) Sales to Supply GWh (3,077) (1,679) Generation Energy Sold GWh 8,231 5,739 OPCOM Price RON / MWh 506 540 OPCOM Revenues RONm 4,166 3,099

  14. Slide 14: Trading Receivables

    Trading Receivables Wholesale and Retail Revenues Wholesale and Retail Receivables Supply Clients (consumptions sites) (RON MM) (RON MM) (Numbers) 11,199 3,343 9,110 3,524 2,149 2,105 1,428 7,675 768 6,961 611 192 136 348 492 120 31-Dec-22 30-Jun-23 FY22 H1 23 Last 12 Months Wholesale - Billed Whole

  15. Slide 15: Q&A session

    End Presentation Q&A session

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