S.n. Nuclearelectrica S.a. · BVB:SNN
S.n. Nuclearelectrica — H1 2020 Earnings Presentation
17 slides from S.n. Nuclearelectrica's earnings presentation, Aug 14, 2020
Slide 1: SNN Investors Teleconference – H1 2020 Interim Financial Statements
SNN Investors Teleconference Individual Interim Reviewed Financial Statements as at and for the period of six months ended on June 30, 2020 POWERed by people - H1 2020 - Bucharest: August 14, 2020
Slide 2: H1 2020 Financial result highlights
H1 2020 Financial result highlights H1 2020 H1 2019 Variation Q2 2020 Q2 2019 Variation Budget Variation RON '000 (reviewed) (reviewed) (%) (unreviewed) (unreviewed) (%) H1 2020* (%) 1 2 3 = (1-2)/2 4 5 6 = (4-5)/5 7 8 = (1-7)/7 Quantity of energy sold w/out PE (Mwh), out of which: 5,531,243 5,097,4
Slide 3: Sales of electricity in H1 2020 decreased by only 2% compared to H1 2019
Sales of electricity in H1 2020 decreased by only 2% compared to H1 2019 Electricity sales evolution from H1 2019 to H1 2020 was determined by: increase in total quantity of electricity sold by 8.6%, at an weighted average (w/out Tg) selling price by 9.7% lower changes in sales structure (quanti
Slide 4: Sales structure analysis H1 2020 vs. H1 2019
Sales structure analysis H1 2020 vs. H1 2019 Sales structure (w/out PE) in H1 2020 and H1 2019: Sales structure of quantities sold (MWh, w/out PE) H1 2020 vs. H1 2019 Market H1 2019 H1 2020 PCCB + PCSU 86.3% 41.8% PZU 13.5% 38.5% 2.743.192 2.354.305 5.097.497 2.844.525 2.686.718 5.531.243 Regulated
Slide 5: Sales structure analysis H1 2020 vs. H1 2019 (cont’d)
Sales structure analysis H1 2020 vs. H1 2019 (cont’d) • In the first semester of 2020, SNN has exceeded the budgeted quantities (increase by 10.3%). • Comparative with the first semester of 2019, SNN recorded a significant change in the sales structure, between competitive market and DAM. Variation
Slide 6: Cost structure H1 2020 compared to H1 2019
Cost structure H1 2020 compared to H1 2019 - Decrease in OPEX by 5.9% compared to H1 2019, 16.1% below budgeted figures. - Cost structure H1 2020 H1 2019 % Budget H1 2020 % % % (RON '000) [1] [2] 3=[1-2]/2 [4] 3=[1-4]/4 Depreciation and amortization 278,255 35.0% 274,872 32.6% 1.2% 276,925 0.5% Pers
Slide 7: Net profit for H1 2020 increased by 18.1% compared to H1 2019
Net profit for H1 2020 increased by 18.1% compared to H1 2019 • Net result benefited mainly from a significant positive evolution of the cost of trade electricity and the financial result. Other positive influences were determined by decrease in ANRE contribution, personnel expenses, repairs, mainte
Slide 8: H1 2020 Income statement
H1 2020 Income statement 6M ended 6M ended 3M ended 3M ended Variation Variation Budget Variation RON '000 30.06.2020 30.06.2019 30.06.2020 30.06.2019 (%) (%) 6M 2020* (%) (reviewed) (reviewed) (unreviewed) (unreviewed) 1 2 3 = (1-2)/2 4 5 6 = (4-5)/5 7 8 = (1-7)/7 Revenues Sales of electricity 1,15
Slide 9: H1 2020 Financial position
H1 2020 Financial position RON '000 30.06.2020 31.12.2019 (reviewed) (audited) Variation (%) Current assets A B C = (A - B)/B • Low counterparty risk: advance payments or collections backed by letters of guarantee (various types according to contracts provisions). Total non-current assets 6,049,060
Slide 10: CAPEX
CAPEX Capital expenditure of SNN in H1 2020: 58.9 mil. RON in H1 2020 (in H1 2019: 136.9 mil. RON) out of total investment program of 309.5 mil. RON. 19% completion degree: completed 95% from the target level of 20% for H1 2020. Part of the budgeted investments included in the investment progr
Slide 11: Radioactive emissions U1+U2 (μSv)
Radioactive emissions U1+U2 (μSv) 0.6 μSv 0.56 0.49 0.5 μSv 0.44 0.43 0.39 0.40 0.4 μSv 0.30 0.3 μSv 0.26 0.26 0.25 0.25 0.23 0.21 0.20 0.20 0.2 μSv 0.18 0.19 0.18 0.1 μSv 0. μSv January February March April May June Emissions U1 Emissions U2 Total Total 6M 2020: Anual limit: 2.71 250 CNCAN authoriz
Slide 12: Nuclear fuel burn up factor (MWh/KgU)
Nuclear fuel burn up factor (MWh/KgU) (Cumulated 6M 2020: 173/Project estimated: min. 156) 200 MWh/KgU 182 180 179 182 181 179 180 MWh/KgU 169 169 172 169 165 160 MWh/KgU 149 140 MWh/KgU 120 MWh/KgU 100 MWh/KgU 80 MWh/KgU 60 MWh/KgU 40 MWh/KgU 20 MWh/KgU MWh/KgU January February March April May June
Slide 13: CANDU Technology Unit performance U1 + U2 (%) Capacity Factor
CANDU Technology Unit performance U1 + U2 (%) Capacity Factor (Cumulated 6M 2020: 97.12%) 101% 101% 101% 101% 101% 101% 100% 101% 99% 100% 100% 97% 81% 80% 60% 40% 20% 0% January February March April May June Capacity factor U1+U2 Cumulated capacity factor U1+U2
Slide 14: Aspects related to main investments and long term strategic projects
Aspects related to main investments and long term strategic projects Unit 1 Refurbishment: • By General Shareholders’ Meeting Decision no. 9/28.09.2017, Phase I of “Refurbishment of Unit 1 NPP Cernavoda Project Strategy” was approved to start. • In the last quarter of 2017, the Technical and Refurbi
Slide 15: Disclaimer
Disclaimer This documents was prepared by Nuclearelectrica team only for this presentation purpose. This document cannot be understood anyway as an offer to sell/buy Nuclearelectrica shares. The document content is only for your information and all the statements other than statements of historical
Slide 16: SNN Investor Relation Executive Management
SNN Investor Relation 2020 Financial calendar S.N. Nuclearelectrica S.A. (SNN) Event Date www.nuclearelectrica.ro Publication of the Third Quarterly Report 2020 12 November 2020 (January - September) (Thursday) Conference call Stock: ISIN ROSNNEACNOR8 Financial analysts, investment advisors, Hour of
Slide 17: Thank you!
NUCLEARELECTRICA Th a n k you I
S.N. Nuclearelectrica — H1 2020 Earnings Presentation on 6ix