Slide 1: 9M 2022 Consolidated Results
9M 2022 CONSOLIDATED RESULTS Gruppo Ascopiave 9M 2022 CONSOLIDATED RESULTS Conference Call Pieve di Soligo, 3rd November 2022 Gruppo 1
Slide 2: Contents
Contents 9M 2022 CONSOLIDATED RESULTS Financial highlights ……………………………………………………………………………………………………………………….……………………………………… Pag. 3 Companies consolidated with full consolidation method …………………………………………………………….. Pag. 7 Estenergy …………………………………………………………………………………………………………………………………………………………………………………….… Pag.
Slide 3: Contents: Financial highlights
Contents 9M 2022 CONSOLIDATED RESULTS Financial highlights → Ascopiave Group structure as of 30th September 2022 → 9M 2022 consolidated income statement → Consolidated balance sheet as of 30th September 2022 Companies consolidated with full consolidation method Estenergy Disclaimer Financial highlig
Slide 4: Ascopiave Group structure as of 30th September 2022
Ascopiave Group structure as of 30th September 2022 9M 2022 CONSOLIDATED RESULTS 48% 100% 100% 100% 51% 100% 49% 100% 100% 100% 100% 56.101% 32.559% (in liquidazione) 78.441% 84.17% 100% 100% ASCO RENEWABLES 100% 100% Eosforo 18.33% 75% Morina 3% 100% Sangineto Energie 5% 60% Salinella Eolico 90% Co
Slide 5: 9M 2022 consolidated income statement
9M 2022 consolidated income statement 9M 2022 CONSOLIDATED RESULTS (Thousand of Euro) 9M 2022 9M 2021 Chg Chg % Revenues 120,009 99,686 20,323 +20% (Purchase costs for other raw materials) (1,659) (1,195) (464) +39% (Costs for services) (37,617) (28,508) (9,109) +32% (Costs for personnel) (14,834) (
Slide 6: Consolidated balance sheet as of 30th September 2022
Consolidated balance sheet as of 30th September 2022 9M 2022 CONSOLIDATED RESULTS (Thousand of Euro) 30/09/2022 31/12/2021 Chg Chg % Tangible assets(*) 120,445 58,012 62,433 +108% Non tangible assets(*) 749,112 647,279 101,833 +16% Investments in associates(**) 550,673 521,359 29,314 +6% Other fixed
Slide 7: Contents: Financial highlights
Contents 9M 2022 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method → Operating data → Revenues bridge → EBIT bridge → Gas distribution tariff revenues and other net operating costs → Personnel → Capex → Net financial position and cash flow Estenergy Disc
Slide 8: Operating data – gas distribution
Operating data – gas distribution 9M 2022 CONSOLIDATED RESULTS Number of gas distribution users Volumes of gas distributed (Million of standard cubic meters) +111,335 -28.4 +14% -3% 889,193 1,040.9 New consolidation area Companies consolidated with full consolidation method 8
Slide 9: Operating data – renewable energies
Operating data – renewable energies 9M 2022 CONSOLIDATED RESULTS Volumes of electricity produced (GWh) +61.1 n.a. Companies consolidated with full consolidation method 9
Slide 10: Revenues bridge
Revenues bridge 9M 2022 CONSOLIDATED RESULTS Revenues bridge (Thousand of Euro) +20,323 +20% (*) (*) Tariff revenues include the tariff component for the recovery of the fee paid to local entities according to art. 46-bis DL 159/2007. Companies consolidated with full consolidation method 10
Slide 11: EBIT bridge
EBIT bridge 9M 2022 CONSOLIDATED RESULTS EBIT bridge (Thousand of Euro) -2,717 -12% (*) (*) Further details on page 12 of the current presentation. Companies consolidated with full consolidation method 11
Slide 12: Gas distribution tariff revenues and other net operating costs
Gas distribution tariff revenues and other net operating costs 9M 2022 CONSOLIDATED RESULTS (Thousand of Euro) (*) 9M 2022 9M 2021 Chg Chg % Gas distribution tariff revenues 84,494 81,565 2,928 +4% Gas distribution tariff revenues 84,494 81,565 2,928 +4% (Thousand of Euro) 9M 2022 9M 2021 Chg Chg %
Slide 13: Personnel (1)
Personnel (1) 9M 2022 CONSOLIDATED RESULTS Number of employees +47 +10% 513 New consolidation area Companies consolidated with full consolidation method 13
Slide 14: Personnel (2)
Personnel (2) 9M 2022 CONSOLIDATED RESULTS Cost of personnel (Thousand of Euro) +1,215 +9% Change of consolidation area: + Euro 1.1 mln Cost of personnel changes of equal consolidation area: capitalized cost of personnel: + Euro 0.1 mln other: + Euro 0.1 mln Companies consolidated with full cons
Slide 15: Capex
Capex 9M 2022 CONSOLIDATED RESULTS Capex (*) (Thousand of Euro) +7,641 +23% Change of the consolidation area: Euro 7.6 mln 41,366 (**) of which: investments in renewable energies: Euro 4.1 mln Equal consolidation area: Gas distribution systems: Euro 24.8 mln Gas meters: Euro 7.8 mln Investme
Slide 16: Net financial position and cash flow (1)
Net financial position and cash flow (1) 9M 2022 CONSOLIDATED RESULTS Net financial position and cash flow (Thousand of Euro) -171,889 +49% (*) (**) (***) (*) Cash flow = net income + amortizations and depreciation; (**) Net investments in tangible and intangible assets; (***) Price paid: - Euro 110
Slide 17: Net financial position and cash flow (2)
Net financial position and cash flow (2) 9M 2022 CONSOLIDATED RESULTS (Thousand of Euro) (*) 30/09/2022 31/12/2021 Chg Chg % Long term financial borrowings (>12 months) 244,302 161,488 82,814 +51% Current position of long term financial borrowings 76,271 60,631 15,640 +26% Bond loans 94,074 24,181 6
Slide 18: Estenergy
Contents 9M 2022 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy → Financial highlights Disclaimer Estenergy 18
Slide 19: Estenergy Financial highlights
Financial highlights 9M 2022 CONSOLIDATED RESULTS Income statement (*) Balance sheet (*) (Thousand of Euro) 9M 2022 9M 2021 (Thousand of Euro) 30/09/2022 31/12/2021 Tangible assets 2,021 2,268 Revenues 531,309 279,866 Non tangible assets 306,489 311,300 Investments in associates 8,386 8,540 (Purchas
Slide 20: Disclaimer
Contents 9M 2022 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy Disclaimer Disclaimer 20
Slide 21: Disclaimer
Disclaimer 9M 2022 CONSOLIDATED RESULTS This presentation has been prepared by Ascopiave S.p.A. for information purposes only and for use in presentations of the Group’s results and strategies. For further details on the Ascopiave Group, reference should be made to publicly available information