Evn Ag · VIE:EVN
Evn — Institutional Investors' Conference (RCB), Zürs 2011
28 slides from Evn's conference presentation, Apr 7, 2011
Slide 1: EVN Institutional Investors' Conference
EVN Institutional Investors‘ Conference April 7, 2011
Slide 2: Agenda
Agenda 1. EVN’s strategy 2. EVN’s growth perspectives 3. Financial performance 1 EVN’s strategy 2 3 2
Slide 3: EVN at a glance
EVN at a glance Profile Key metrics (2009/10) > Leading integrated Energy and Environmental Services Generation company serving customers in Lower Austria, South East Europe and Central and Eastern Europe > Electricity generation: 3,653 GWh > Active in 20 countries Networks > Key business areas incl
Slide 4: EVN at a glance – active in 20 countries
EVN at a glance – active in 20 countries > Strong position in the home market encompassing the whole value chain > A leading Central and Eastern Europe player in water, wastewater and waste incineration > Long term experience with a proven track record of reference projects 1 EVN’s strategy 2 3 4
Slide 5: EVN strategy 2020 – selective growth and consolidation
EVN strategy 2020 – selective growth and consolidation STRATEGY 2020 Ongoing Consolidation Selective Growth Focus on renewable generation Generation Optimisation of existing plants + capacities Network Infrastructure Improvement of network Stable asset base and smart Austria efficiency + metering En
Slide 6: An attractive investment opportunity
An attractive investment opportunity More than 60% of revenues and more than 80% of EBITDA from stable core Austrian 1 business 2 Growing portfolio of high quality generation assets 3 Significant upside potential from SEE market development 4 Positioned to capture attractive returns in international
Slide 7: Stable core Austrian business
1 Stable core Austrian business Revenue contribution (EURm) EBITDA contribution (EURm) (% of (% of 63% 62% 62% 77% 80% 84% total) total) 2,727 2,752 416 2,397 373 363 67 1,048 1,051 75 82 876 349 298 1,679 1,701 280 1,521 07/08 08/09 09/10 07/08 08/09 09/10 Domestic activities International activiti
Slide 8: Growing portfolio of high quality generation assets
2 Growing portfolio of high quality generation assets Capacity development (Pro-rata installed capacity , MW) 2,635 192 53 25 45 123 410 128 15 1,787 1,701 2,541 1,533 1,558 1,573 1,410 1,000 Status quo Walsum Wind park 1 Ashta Gorna Arda Devoll Others 2 2009/10 Selected current generation projects
Slide 9: Significant upside from SEE investments
3 Significant upside from SEE investments Illustrative electricity sales Electricity prices for Improvement of grid volumes per customer (%)1 household (EUR cent/kWh) efficiency (%) 120 25 Upside potential 100 100 20 80 80 15 60 54 24 22 21 10 16 17 16 40 15 14 13 13 12 20 5 0 0 Macedonia Bulgaria E
Slide 10: Attractive returns in Environmental Services
4 Attractive returns in Environmental Services > Successful participation in 94 projects in 15 countries since 1983 > Strong demand for infrastructure projects set to continue > Sales backlog of EUR 1.3bn with attractive return potential from international projects > Underpinned by stable contributi
Slide 11: Internal hedge from strategic investments
5 Internal hedge from strategic investments 12.63% 50.03% 73.6% 49% 49% > #1 electricity producer in > #2 oil and gas producer in Austria > #1 green energy producer in Austria with 8.6 GW installed > One of the largest gas storage Austria with ~270 MW installed capacity operators in Central Europe w
Slide 12: A clear strategy to develop our integrated business model
A clear strategy to develop our integrated business model > Expand generation capacity - Target a coverage ratio of 40%–60% - Increase the share of renewable generation, to 50% in the long-term - High quality projects in SEE > Maintain market leadership in Austrian supply business > Enhance efficien
Slide 13: Agenda
Agenda 1. EVN’s strategy 2. EVN’s growth perspectives 3. Financial performance 1 2 EVN’s growth perspectives 3 13
Slide 14: Wind power plants on the home market
Wind power plants on the home market 1 2 EVN’s growth perspectives 3 14
Slide 15: Schütt hydropower plant in Lower Austria
Schütt hydropower plant in Lower Austria 1 2 EVN’s growth perspectives 3 15
Slide 16: Trans-regional natural gas transport pipeline – Südschiene
Trans-regional natural gas transport pipeline – „Südschiene“ 1 2 EVN’s growth perspectives 3 16
Slide 17: Cogeneration plant at Plovdiv in Bulgaria
Cogeneration plant at Plovdiv in Bulgaria 1 2 EVN’s growth perspectives 3 17
Slide 18: Hydropower plants on the Rivers Drin and Devoll, Albania
Hydropower plants on the Rivers Drin and Devoll, Albania 1 2 EVN’s growth perspectives 3 18
Slide 19: Second waste incineration plant in Moscow
Second waste incineration plant in Moscow 1 2 EVN’s growth perspectives 3 19
Slide 20: Agenda
Agenda 1. EVN’s strategy 2. EVN’s growth perspectives 3. Financial performance 1 2 3 Financial performance 20
Slide 21: Business highlights Q1 2010/11
Business highlights Q. 1 2010/11 > Successful conclusion of capital increase, net proceeds: EUR 175.5m > Changes in the Executive and Supervisory Board of EVN AG - Burkhard Hofer elected as Chairman of the Supervisory Board; - Peter Layr named as Spokesman to the Executive Board; - Stefan Szyszkowit
Slide 22: Business development
Business development 2010/11 Change > Higher Group revenue due to EURm 2009/10 Veränd - Positive development in the Environmental EUR m Q. 1 in % % Service segment Revenue 802.2 4.3 - Higher weather-driven energy sales volumes Revenue 00.0 –0.0 EBITDA 158.4 0.8 It is despite EBITDA - Negative wholes
Slide 23: Balance sheet
Balance sheet 2010/11 Change > Increase of total assets above EUR 7bn 1) EURm Q. 1 in % > Strong increase in equity Total assets 7,149.3 6.2 - Share capital increase of 10% Equity 3,375.4 11.6 - Positive market valuation of EVN‘s Equity ratio (in %) 47.2 0.9p shareholding in VERBUND AG Net debt 1,36
Slide 24: Cash Flow
Cash Flow > Lower Gross cash flow 2010/11 2009/10 - Higher profit before income tax EURm Q. 1 Q. 1 - Lower depreciation and amortisation Gross cash flow 139.9 146.4 - Higher non-cash income from investments in Net cash flow from equity accounted investees 83.9 –6.9 operating activities > Increase of
Slide 25: Outlook 2010/11
Outlook 2010/11 > Assumptions - Stable end customers business development - Lower spreads between primary energy prices and electricity prices - High order book in Environmental Services segment > EVN‘s expectation - Operating results may remain stable - Group net profit slightly below the prior-yea
Slide 26: Q&As
EVN Institutional Investors‘ Conference Q&As
Slide 27: Disclaimer
Disclaimer Certain statements made in this presentation may constitute „Forward-Looking Statements” within the meaning of the U.S. federal securities law. Forward-looking information is subject to various known and unknown risks and uncertainties. These include statements concerning our expectations
Slide 28: EVN Investor Relations
EVN Investor Relations Additional Information: Stefan Szyszkowitz Investor information on the web Chief Financial Officer Phone +43 2236 200-12132 www.evn.at Fax +43 2236 200-82132 www.evn.at/investor.aspx E-Mail stefan.szyszkowitz@evn.at www.evn.at/Responsibility.aspx E-Mail: investor.relations@evn
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