Evn Ag · VIE:EVN

Evn — HY 1 2020/21 Earnings Presentation

14 slides from Evn's earnings presentation, May 27, 2021

  1. Slide 1: EVN conference call HY. 1 2020/21 results

    EVN conference call HY. 1 2020/21 results 27 May 2021

  2. Slide 2: Highlights HY. 1 2020/21

    Highlights HY. 1 2020/21  Positive business development − Revenue (+7.6%), EBIT (+10.3%) and Group net result (+15.3%) − Higher earnings contribution from equity accounted investees with operational nature  Covid-19 pandemic had only limited influence  Increase in installed wind power capacity to

  3. Slide 3: Key financials HY. 1 2020/21

    Key financials HY. 1 2020/21 HY. 1 2020/21 +/– EURm %  Improvement in revenue Revenue 1,284.8 7.6 − Start of wastewater project in Kuwait EBITDA 535.8 37.8 − Higher temperature-related network sales Depreciation and amortisation -168.2 -17.2 Effects from impairment tests -113.1 – volumes in Austria

  4. Slide 4: Solid balance sheet structure

    Solid balance sheet structure  Gearing decreased from 22.8% to 17.9%  Strong balance sheet as basis for extended investment programme in the coming years (annually up to EUR 450m)  Committed, undrawn credit facilities in the amount of EUR 551m as of 31.03.2021 Conference call HY. 1 2020/21 result

  5. Slide 5: EBITDA development by segments

    EBITDA development by segments Generation Energy Networks South East Europe Environment  Decrease in electricity  One-off effect due to  Positive price and  Rising energy  Improvements due to generation takeover of electricity volume effects procurement costs wastewater treatment procurement ri

  6. Slide 6: Generation

    Generation HY. 1 2020/21 +/– Electricity generation volumes GWh %  Decline in electricity generation Total 1,677 -4.1 − Good water flows only partly able to offset Renewable energy sources 930 -4.9 Thermal energy sources 747 -3.1 decline in wind flows − Reduced use of Theiss power plant for HY. 1 2

  7. Slide 7: Energy

    Energy Sales volumes to HY. 1 2020/21 +/– end customers GWh %  Increase in energy sales volumes Electricity 4,588 3.7 − Acquisition of new industrial customers Natural gas 4,084 6.3 Heat 1,569 10.1 − Increase in demand from private customers − Weather-related increase for natural gas HY. 1 2020/21

  8. Slide 8: Networks

    Networks Network distribution HY. 1 2020/21 +/– volumes GWh %  Increase in network sales volumes Electricity 4,673 2.8 − Increase in electricity and natural gas 1) Natural gas 10,583 3.8 (household customers) − Decrease in electricity (commercial customers) HY. 1 2020/21 +/– Financial performance E

  9. Slide 9: South East Europe

    South East Europe Key energy business HY. 1 2020/21 +/– indicators GWh %  Increase in network sales volumes Electricity generation volumes 238 1.9 Network distribution volumes 7,896 3.6  Decrease in energy sales volumes Electricity sales volumes 6,636 -1.0 − Market liberalisation for commercial He

  10. Slide 10: Environment

    Environment HY. 1 2020/21 +/– Financial performance EURm %  Improvement in revenue, EBITDA Revenue 204.0 - and EBIT EBITDA 39.5 - EBIT 19.9 - − Positive development of international Financial results -4.9 -44.9 project business, mainly due to start of Result before income tax 15.0 - Kuwait wastewat

  11. Slide 11: Cash flows

    Cash flows HY. 1 2020/21 +/– EURm in %  Gross cash flow Gross cash flow 591.0 84.1 − Takeover of electricity procurement right Net cash flow from operating activities 311.6 - Net cash flow from investing activities -295.9 - Net cash flow from financing activities -13.9 90.8  CF from operating acti

  12. Slide 12: Outlook for 2020/21 confirmed

    Outlook for 2020/21 confirmed  Group net result for 2020/21 is expected to range from approximately EUR 200m to EUR 230m − Assuming average conditions in the energy business environment − Further course of corona crisis and resulting macroeconomic effects could have negative influence on individual

  13. Slide 13: 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

  14. Slide 14: 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 expectation

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