Slide 1: EVN conference call FY 2021/22 results
EVN conference call FY 2021/22 results 15 December 2022
Slide 2: Highlights FY 2021/22
Highlights FY 2021/22 Historic distortions on international energy markets Prices for energy and energy carriers at all-time highs in summer 2022 Intensified by geopolitical environment and resulting impact on inflation Different effects on diversified business areas Pressure on earnings f
Slide 3: Key financials FY 2021/22
Key financials FY 2021/22 FY 2021/22 +/– • Increase in revenue EURm % Revenue 4,062.2 69.6 High electricity prices as key driver EBITDA 754.8 -9.8 Price effects in networks business Depreciation and amortisation -318.0 5.8 Effects from impairment tests -105.2 6.3 Higher demand for gas-fired ge
Slide 4: Solid balance sheet structure
Solid balance sheet structure Strong balance sheet as a basis for increased investment programme in the coming years (exceeding EUR 500m p.a.) Committed, undrawn credit facilities in the amount of EUR 627m as of 30.09.2022 Conference call FY 2021/22 results 4
Slide 5: Generation
Generation FY 2021/22 +/– • Electricity generation below previous year Electricity generation volumes GWh % Total 2,662 -19.7 Y-o-y increase in wind flows only partially offset lower Renewable energy sources 1,884 -1.9 water flows Thermal energy sources 778 -44.2 Divestment of 49%-stake in Walsu
Slide 6: Energy
Energy Sales volumes to FY 2021/22 +/– • Decline in electricity, natural gas and heat end customers 1) GWh % sales volumes Electricity 8,662 -0.6 Natural gas 1) 4,835 -8.1 Warmer temperatures Heat 2,328 -0.6 Consumers‘ energy saving efforts • EBITDA and EBIT below previous year FY 2021/22 +/– Fi
Slide 7: Networks
Networks Network distribution FY 2021/22 +/– • Decline in electricity and natural gas volumes GWh % network sales volumes Electricity 8,608 -2.1 Natural gas 1) 15,567 -1.9 Temperature-related decline partly offset by increased use of power plants for network stabilisation FY 2021/22 +/– • EBITDA a
Slide 8: South East Europe
South East Europe Key energy business FY 2021/22 +/– • Increase in energy sales volumes indicators GWh % Electricity generation volumes 423 9.6 Customer changes from liberalised market Network distribution volumes 14,484 0.1 • EBITDA slightly above, EBIT below Electricity sales volumes 12,191 6.1
Slide 9: Environment
Environment FY 2021/22 +/– • Decline in EBITDA, EBIT and result before Financial performance EURm % income tax Revenue 612.3 51.0 EBITDA 56.5 -11.6 Progress on Kuwait project as main driver for growth in EBIT -34.9 - revenue and operating expenses Financial results -45.5 - Result before income tax
Slide 10: Cash flows
Cash flows FY 2021/22 +/– • Gross cash flow EURm in % Gross cash flow 734.3 -3.7 Takeover of electricity procurement right led to positive Net cash flow from operating activities 151.0 -80.9 one-off effect in the previous year Net cash flow from investing activities -336.7 55.4 Higher dividends
Slide 11: Outlook for 2022/23
Outlook for 2022/23 Group net result for 2022/23 is expected to range from roughly EUR 190m to EUR 250m Under assumption of a stable regulatory environment, predictable energy sector and tax frameworks Earnings contribution from Verbund AG for the 2022 financial year is initially not included
Slide 12: Contact details
Contact details • Stefan Szyszkowitz, CEO • Information on the internet www.evn.at • IR contact partners: www.investor.evn.at Gerald Reidinger www.responsibility.evn.at Matthias Neumüller Karin Krammer • Headquarters of EVN AG Doris Lohwasser (maternity leave) EVN Platz 2344 Maria En
Slide 13: 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