Empresa Distribuidora Y Comercializadora Norte S.a. Class B · BCBA:EDN
Empresa Distribuidora Y Comercializadora Norte S.a. Class B — Q2 2023 Earnings Presentation
18 slides from Empresa Distribuidora Y Comercializadora Norte S.a. Class B's earnings presentation, Aug 10, 2023
Slide 1: Earnings Release Second Quarter 2023
Earnings Release SECOND QUARTER 2023 August 10th, 2023
Slide 2: Disclaimer
Earning Release Second Quarter 2023 EDENOR 2 Disclaimer The material that follows is a This presentation contains forward-looking forward-looking statements, whether as a result particular, this presentation and the information information and statements. Forward-looking of new information, future e
Slide 3: Highlights
Earning Release Second Quarter 2023 EDENOR 3 Highlights
Slide 4: Quality of Service
Earning Release Second Quarter 2023 EDENOR 4 SAIFI Path 9,7 9,5 9,1 8,6 8,9 9,0 8,4 8,7 Times, Year, Customer 8,0 7,4 6,9 6,0 6,2 5,4 5,3 5,2 Quality of -65% 4,6 4,7 SAIFI 3,6 3,4 Required Quality Standards Service 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Jun 2023 2023 R Best Historica
Slide 5: Regulatory Framework
Earning Release Second Quarter 2023 EDENOR 5 June July August September October November December 2024 1st TASKS 2023 2023 2023 2023 2023 2023 2023 Quarter Call to Lic. CMCC Sample Definition Equipment CTL and Tracking Study of Technological and Com Performance Regulatory CENS Study - Alternatives an
Slide 6: Regulatory Framework
Earning Release Second Quarter 2023 EDENOR 6 VAD INCREASE: NEW ENERGY PRICES: The compounded VAD increase 108% from April New energy prices has been published to be and 74% from June has been started to be applied from August 1, 2023 to October 31th,2023. reflected in our income. Average increases by
Slide 7: EBITDA
Earning Release Second Quarter 2023 EDENOR 7 62% EBITDA 38% (13,824) (8,543) (11,901) (7,415) In Million of pesos in constant purchasing power 6 Months 2Q Net Operating Income (30,961) (23,009) 35% (16,681) (19,113) (13%) Deprecation of Property, Plant and Equipment 17,130 14,454 19% 9,262 7,201 29%
Slide 8: Capex
Earning Release Second Quarter 2023 EDENOR 8 Investment Investment Classification In Millions of ARS % of total 6% 14% 27,709 2% Capex 3,586 2,949 18,637 In order to meet demand, improve service quality, including our 3,359 Summer Plan, and reduce non-techinical losses, most of the investments were a
Slide 9: Revenue from Sales and Energy Purchases
Earning Release Second Quarter 2023 EDENOR 9 91,940 79,080 Revenue from Sales Revenue from Sales and 2023 2022 Energy Purchases 61,765 58,354 ARS in Million Energy Purchases 2023 2022
Slide 10: Energy Sales Evolution
Earning Release Second Quarter 2023 EDENOR 10 Energy Sales 6% Customers Evolution Breakdown 17% (in thousands) Residential 3,285 3,251 +1% Small Commercial 45% Medium Commercial 16% Industrial Wheeling System 6º% Energy Sales Others 10º% Jun-22 Jun-23 Evolution 5,919,059 62,904 27,768 5,689,147 ARS
Slide 11: Gross Margin
Earning Release Second Quarter 2023 EDENOR 11 4% Gross Margin 52130,0 3788,0 54177,0 26512,0 (335,0) ARS in Million Volume: Calculate with average Price 2022 PNR: The los is due to the fact that the Price of energy has a greater impact tan the reduction in GWh (27919,0) 2022 AXI Mix/Price Volume PNR
Slide 12: Financial Results
Earning Release Second Quarter 2023 EDENOR 12 41% Financial (34009,0) 16,0 (2515,0) (2280,0) (78205,0) Results (55200,0) 15783,0 ARS in Million 6M 2022 Commercial Financial Exchande rate Financial Others 6M 2023 Interest Assets Differences Interest CAMMESA
Slide 13: Net Income
Earning Release Second Quarter 2023 EDENOR 13 2Q 2023 91,9 30,2 56,3 (61,8) 2,2 (9,4) (46,4) (4,8) (16,7) (35,1) Net Income Revenues Energy Gross Operating Other Net Operating Financial RECPAM Income Tax Net Income Purchases Margin Expenses Operating Income Loss Results (loss) Expenses ARS in Millio
Slide 14: Energy Losses
Earning Release Second Quarter 2023 EDENOR 14 In Percentage of Net Energy Purchases + Wheeling System LTM 17,4% 16,8% 16,39% 16,1% 15,9% Energy 15,29% Losses 1Q 2Q 3Q 4Q Non-Technical Energy Losses (in GWh) Per FY Period 2,721 2,636 2,332 2,188 2,010 1,725 851 -143 707 2017 2018 2019 2020 2021 2022
Slide 15: Sustainability Report
Earning Release Second Quarter 2023 EDENOR 15 Environmental 7,252 Tons CO2 0.3 Tons Scope 2 Batteries Electrical Energy Sustainability 7,501 Tons CO2 79,809,256 Joules Scope 1 Electrical Energy Consumed Oil Report 86 Tons CO2 Scope 3 Executives Transportation and Waste Incinetation 2022 Recently, we
Slide 16: Sustainability Report
Earning Release Second Quarter 2023 EDENOR 16 Governance 100% Independent Directors 17,25% Female Audit Comitee Members of Government Bodies Sustainability 33% Female 12 Regular Directors Chief Executives Report Complaints Channel 2022 Economic 33,900 Millions of Pesos 205,835 Millionsof Pesos Inves
Slide 17: Highlights
Earning Release Second Quarter 2023 EDENOR 17 Highlights Sales GWh Revenues EBITDA - 5,689 GWh (3,9%) + 91,9 MM (16%) - 7,415 MM Net Debt CAPEX Clients - 48 MM + 27,709 (49%) + 3,28 MM (1%) SAIDI SAIFI Total Energy Losses + 7,7 hs/Year/Customer + 3,4 Times/Year/Customer + 2,094 GWh
Slide 18: Investor Relations Contacts
INVESTOR RELATIONS CONTACTS German Ranftl | Chief Financial Officer Silvana Coria Investor Relations, Planning and Control Manager investor@edenor.com Tel. +54 (11) 4346 5511
Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) — Q2 2023 Earnings Presentation on 6ix