Redeia Corporacion Sa · BME:RED
Redeia Corporacion Sa — Redeia — 1H 2020 Earnings Presentation
20 slides from Redeia Corporacion Sa's earnings presentation, July 2020
Slide 1: Results Presentation First Half-Year 2020
Results Presentation First Half–Year 2020 July 2020
Slide 2: Contents
Contents 1. Significant Events 1H20. 2. Results 1H20. 3. Boost in Energy Transition. Horizon 2030. 4. Conclusions. Presentation Results 1H20 July 2020 2
Slide 3: Significant Events 1H20
Significant Events 1H20 Presentation Results 1H20 July 2020 3
Slide 4: Significant Events 1H20: Covid
SIGNIFICANT EVENTS 1H20 Covid 19 Adoption of extraordinary measures to guarantee continuity and security of supply: (i) Isolation of independent teams of operators, (ii) deployment of a 3rd Control Centre in record time, (iii) identification of alternative operators and support operators (working
Slide 5: Significant Events 1H20: Regulatory aspects
SIGNIFICANT EVENTS 1H20 Regulatory stability in the Regulatory aspects period 20-26 Passing of Royal Decree - law 11/2020, of 31 March, and Royal Decree-law 23/2020 of 23 June, of energy-related measures and to encourage economic recovery. ⚫ The maximum limit for annual investment in the electrici
Slide 6: Significant Events 1H20: Others
SIGNIFICANT EVENTS 1H20 Others Reinforcement of liquidity and unrestricted access to capital markets: Emission of Bonds in the Euromarket worth €1,100M; new loans and bank credits amounting to €475M. 18 June, commissioning of the new submarine link between Menorca - Mallorca, investment of €84M.
Slide 7: Results 1H20
Results 1H20 Presentation Results 1H20 July 2020 7
Slide 8: Main figures vs. 1H19
RESULTS 1H20 Main figures vs. 1H19 977.9 M€ 766.2 M€ 331.7 M€ Revenues EBITDA Net Profit -1.5% -1.7% -8.4% Solid results 646.5 M€ 130.5 M€ 567.3 M€ FFO Transmission grid Total Investment in a new -0.2% Investment - environment -2.0% 6,266.2 M€ 1.93% 4.0x Net Financial Debt Cost of debt Net Debt/EBIT
Slide 9: Key financial indicators
RESULTS 1H20 Key financial indicators Lower transmission revenue arising from the application €M 1H2020 1H2019 Δ% of new remuneration parameters: Revenues 977.9 993.1 -1.5 Financial return reduced by 50 bp. Operating expenses 257.3 250.8 2.6 Accrual adjustments for commissioned to the new fina
Slide 10: Breakdown by business
RESULTS 1H20 Breakdown by business Diversification of results in line 1H20 1H19 with the Strategic Plan 1H20 1H19 Presentation Results 1H20 July 2020 10
Slide 11: REE Group Investments I
RESULTS 1H20 REE Group Investments I Management and Operation of Domestic Electricity Infrastructure Investment in transmission grid slightly lower in period for accumulated delays in construction during the state of alarm for Covid-19. Commissioning of the submarine link Menorca - Mallorca, €84M
Slide 12: REE Group Investments II
RESULTS 1H20 REE Group Investments II Management and Operation of International Electricity Telecommunications (Fibre + Satellites) Infrastructure €398.1 M invested in €23.2M invested in Management and Operation of telecommunications International Electricity infrastructure Infrastructure vs. €1M 1H
Slide 13: Company Debt: Balance strength I
COMPANY DEBT Balance strength I Maturities 5.6 years Average debt 1.93 % life Cost of debt €6.266,2M Net debt 4x Net 20.1 % Gross debt: €6.834M at 30/06/2020 debt/EBITDA FFO/Debt Presentation Results 1H20 July 2020 13
Slide 14: Company Debt: Balance strength II
COMPANY DEBT Balance strength II 22,50% 7,36% Cash & equivalents Short term Liquidity on 30 June 2020 Long term amounts to €2,523M 70,11% Reinforcement of liquidity and unrestricted access to capital markets: Emission of Bonds in the Euromarket worth €1,100M; new loans and bank credits amounting t
Slide 15: Boosting the Energy Transition. Horizon 2030
Boosting the Energy Transition. Horizon 2030 Presentation Results 1H20 July 2020 15
Slide 16: Energy Transition and Climate Crisis
BOOSTING THE ENERGY TRANSITION. HORIZON 2030 Energy Transition and Climate Crisis European Union Recovery Plan to address the effects of Covid 19 –Next Generation EU– whose central axis is recovery is the European Green Deal. Integration European market: Last 8 July, the European Commission pres
Slide 17: Electricity planning 2021-2026
BOOSTING THE ENERGY TRANSITION. HORIZON 2030 Electricity planning 2021-2026 The initial proposal for developing the Electricity Transmission Infrastructure Planning 2021-2026 considers the route to energy transition as defined in the Integrated National Plan for Energy and Climate. Estimated vol
Slide 18: Conclusions
Conclusions Presentation Results 1H20 July 2020 18
Slide 19: Conclusions
CONCLUSIONS Conclusions Moderate impact of Covid 19 in the financial results of 1H20. Results that reflect the application of new regulatory parameters for the 2020-2025 period. Stable and highly visible regulatory framework. Incorporation of the results of Hispasat, Argo and CCNCM into the pe
Slide 20: Thanks for your attention
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