Edison Spa · MIL:EDNR
Edison Spa — H1 2023 Earnings Presentation
8 slides from Edison Spa's earnings presentation, July 2023
Slide 1: 1H2023 Results
1H2023 Results Milan, July 2023
Slide 2: Solid operating performance for Edison in 1H2023 +33%, Profit down 7%
Solid operating performance for Edison in 1H2023 +33%, Profit down 7%. REVENUES at 10 B€ DUE TO LOWER GAS VOLUMES SOLD AND Margins on sales to end LOWER PRICES consumers recover after a very difficult 2022. EBITDA +33% Significant reduction in DEBT to 829 M€ Strong Gas Portfolio Strong contribution
Slide 3: POWER – Reduction in thermal generation volumes partially offset by higher renewables production
POWER – Reduction in thermal generation volumes partially offset by higher renewables production. (TWh) SOURCES USES 18,4 19,0 18,4 19,0 -5.3% at (2.9%) (2.9%) 150,5 TWh 0,3 0,3 0,3 0,3 +6.9% +6.9% 8,0 6,7 7,1 +21.8% Net import 9,3 +16.3% (5.2%) 1,1 +1.4% Other RES prod. 0,7 1,1 +2.5% 0,8 +16.0% Hyd
Slide 4: GAS – Decrease in gas sales linked to thermal generation and residential uses
GAS – Decrease in gas sales linked to thermal generation and residential uses. Zero exposure to import from Russia. (bcm) SOURCES USES -15.2% at (33.9%) 11,0 11,0 33,2 bcm (33.9%) Grid 3,8 4,0 consumption and -10.6% 7,3 losses 7,3 1,1 (72.0%) (29.0%) -10.7% Industrial uses 2,8 2,8 -14.7% Residential
Slide 5: Solid operating performance in 1H2023 with EBITDA up 33%
Solid operating performance in 1H2023 with EBITDA up 33% (M€) EBITDA Δ EBITDA MAIN DRIVERS ▲ Margin on sales to end customers recover after a difficult 2022 83 829 ▲ Significant portfolio optimization of our long term contracts in a context of high +33.2% volatility 622 378 295 ▲ Growth in energy se
Slide 6: Profit 7% down mainly due to expenses for territorial regeneration on ex Montedison sites
Profit 7% down mainly due to expenses for territorial regeneration on ex Montedison sites. Strong negative impact from the delay in LNG deliveries from US. (M€) GROUP INTEREST IN PROFIT -7.0% 201 187 1H2022 1H2023 Impacted by -140 M€ expenses attributable to territorial regeneration activities on th
Slide 7: Decrease in Net Debt thanks to a strong operating cash flow
Decrease in Net Debt thanks to a strong operating cash flow (M€) Investments mainly related to: • Energy and environmental services (45 M€) (1 )• Thermal generation (27 M€) • Generation from renewables (19 M€) and an NET DEBT acquisition in mini hydro plants (10 M€) • Commercial activities (44M€) (1
Slide 8: Statement
Statement As required by Article 154-bis, Section 2, of the Uniform Finance Law (Legislative Decree No 58/1998), Ronan Lory and Roberto Buccelli, in their capacity as “Dirigenti preposti alla redazione dei documenti contabili societari” of Edison S.p.A., attest that the accounting information contai