Empresa Distribuidora Y Comercializadora Norte S.a. Class B · BCBA:EDN
Empresa Distribuidora Y Comercializadora Norte S.a. Class B — Q1 2023 Earnings Presentation
18 slides from Empresa Distribuidora Y Comercializadora Norte S.a. Class B's earnings presentation, May 11, 2023
Slide 1: Earning Release – First Quarter 2023
EARNING RELEASE – FIRST QUARTER 2023 May 11th, 2023
Slide 2: Disclaimer
DISCLAIMER The material that follows is a presentation of general background information about Edenor as of the date of the presentation. It is information in summary form and does not purport to be complete. No representation or warranty, express or implied, is made concerning, and no reliance shou
Slide 3: Highlights
HIGHLIGHTS 9
Slide 4: Client Satisfaction
Q1 2023 | CLIENT SATISFACTION Note: Poll. EARNING RELEASE | 1Q23 4
Slide 5: Quality of Service
Q1 2023 | QUALITY OF SERVICE BEST HISTORICAL BEST HISTORICAL RECORD RECORD SAIFI Path times │ year │ customer SAIDI Path hrs │ year │ customer Maximum point Maximum point Real Requested quality standards EARNING RELEASE | 1Q23 5 Note: SAIDI: System Average Interruption Duration Index; SAIFI: System
Slide 6: Regulatory Framework
Q1 2023 | REGULATORY FRAMEWORK • VAD INCREASE: After the Public Hearing held on January, ENRE authorized an increase in VAD in two tranches, being 108% from April 1st, and an additional 74% from June 1st, 2023 (Resolution 241/23 – 28-2-23) • START OF RTI PROCESS: ENRE Resolution No. 363/2023 approve
Slide 7: Debt
Q1 2023 | DEBT EARNING RELEASE | 1Q23 7
Slide 8: Ratings
Q1 2023 | RATINGS Credit rating agencies Moody´s and FixScr confirmed EDENOR's ratings and changed the outlook from negative to stable. EARNING RELEASE | 1Q23 8
Slide 9: Gross Margin
Q1 2023 | GROSS MARGIN ARS in million -5.980 Volume: calculate with average Price 2022 PNR: the los is due to the fact that the Price of energy has a greater impact tan the reduction in GWh EARNING RELEASE | 1Q23 9
Slide 10: EBITDA
Q1 2023 | EBITDA ARS in million EARNING RELEASE | 1Q23 10
Slide 11: Energy Sales Evolution
Q1 2023 | ENERGY SALES EVOLUTION ARS in million Turnover by type of customer │ QoQ in GWh Energy Sales Breakdown Customers Evolution in thousands Residential Small Commercial Medium Commercial Industrial Wheeling System Others EARNING RELEASE | 1Q23 11 Mar-22 Mar-23
Slide 12: Financial Results
Q1 2023 | FINANCIAL RESULTS ARS in million Commercial Financial Exchange rate Financial 1Q 2022 Interest Others 1Q 2023 Assets Differences Interest CAMMESA EARNING RELEASE | 1Q23 12
Slide 13: Net Income
Q1 2023 | NET INCOME ARS in million 1Q 2023 Revenues Energy Operating Other Net Income Gross Margin Net Operating Financial RECPAM Income Tax purchases Expenses Operating (loss) Income loss Results Expenses 1Q 2022 EARNING RELEASE | 1Q23 13
Slide 14: Capex
Q1 2023 | CAPEX Capex Breakdown Capex Breakdown ARS in million Data as of date 1th Quarter - % In order to meet demand, improve service quality, including our Summer Plan, and reduce non- technical losses, most of the investments were assigned to the increase in capacity, installation of remote cont
Slide 15: Energy Losses
Q1 2023 | ENERGY LOSSES In Percentage of Net Energy Purchases + Wheeling System Per Quarter LTM Non-technical Energy Losses (In GWh) Per FY Period Per Quarter EARNING RELEASE | 1Q23 15
Slide 16: Events Since Change of Control
Q1 2023 | EVENTS SINCE CHANGE OF CONTROL June 2021: Summary Change of control, Empresa de Energía del Cono Sur S.A. (EDELCOS) acquired 51% Summary July 2021: Consent waiver was reached successfully. April /October 2022: Bond Debt USD 98,05 Exchanged (77,35% acceptance) and Cancelled New Bond Class N
Slide 17: Thank You
THANK YOU INVESTOR@EDENOR.COM
Slide 18: Highlights
Q1 2023 | HIGHLIGHTS Sales GWh Revenues EBITDA 6,488 GWh 69.8MM -5.175MM 18,6% Q-o-Q 12% Q-o-Q CAPEX Clients Net Debt 9.986 3.2MM -88MM 82% Q-o-Q 1,0% Q-o-Q SAIDI SAIFI Total Energy Losses 8.5 hs│year│customer 3.6 times│year│customer 1234GWh 18
Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) — Q1 2023 Earnings Presentation on 6ix