Slide 1: EVN conference call FY 2023/24 results
EVN conference call FY 2023/24 results 17 December 2024
Slide 2: Highlights FY 2023/24
Highlights FY 2023/24 Substantial progress in expansion of renewable generation; milestones: 500 MW wind capacity (as of year-end 2024) 770 MW (until 2030) >100 MWp photovoltaics capacity (in Q. 1 2025) 300 MW (until 2030) Share of renewable generation increased to ~85% (previous year: 7
Slide 3: Key financials FY 2023/24
Key financials FY 2023/24 FY 2023/24 +/– • Decline in revenue EURm % Revenue 3,256.6 -13.6 Impact on electricity generation and South East Europe by declining wholesale EBITDA 799.4 -8.0 prices Depreciation and amortisation -348.3 -3.5 Effects from impairment tests -24.9 - Reduced use of natural
Slide 4: Solid balance sheet structure
Solid balance sheet structure Strong balance sheet is the basis for EVN’s ambitious investment programme Net debt decreased compared to previous year, but is expected to increase again due to high volume of investments in the future EVN’s goal is to maintain solid A category ratings Conference
Slide 5: Energy
Energy Sales volumes to FY 2023/24 +/– • Drop in electricity, natural gas and heat sales end customers GWh % volumes 1) Electricity 6,282 -16.8 Significantly warmer temperatures y-o-y Natural gas1) 3,078 -25.9 Heat 1,917 -8.6 Demanding framework conditions for supply company EVN KG: growing comp
Slide 6: Renewable generation
Renewable generation FY 2023/24 +/– • Electricity generation above prior year level Electricity generation volumes GWh % Total 2,619 14.9 Y-o-y increase in renewable energy generation driven by higher Renewable energy sources 2,381 24.7 wind and water flows combined with capacity expansion Thermal
Slide 7: Networks
Networks Network distribution FY 2023/24 +/– • Decline in electricity and natural gas network volumes GWh % sales volumes Electricity 7,717 -1.0 1) Warmer temperatures y-o-y Natural gas 11,201 -7.5 Changing consumer behaviour: substitution of gas by alternative heating systems and expansion of c
Slide 8: South East Europe
South East Europe Key energy business FY 2023/24 +/– • Electricity generation volumes lower y-o-y indicators GWh % Water flows in North Macedonia above long-term average but below Electricity generation volumes 416 -9.4 prior year Network distribution volumes 13,926 2.7 Electricity sales volumes 1
Slide 9: Environment
Environment FY 2023/24 +/– • Decrease in EBITDA, EBIT and result before Financial performance EURm % income tax Revenue 428.7 -19.4 Progress in Kuwait project as main driver for decline in revenue EBITDA 31.0 -50.1 EBIT 7.2 -75.7 and operating expenses Financial results -37.9 -81.1 Impairment lo
Slide 10: Cash flows
Cash flows FY 2023/24 +/– • Rise in CF from operating activities EURm in % Working capital related increase Gross cash flow 982.2 -10.8 Net cash flow from operating activities 1,166.7 23.8 Working capital needs for supply business in previous year Net cash flow from investing activities -547.2 4
Slide 11: Outlook for 2024/25 financial year
Outlook for 2024/25 financial year Group net result for 2024/25 is expected to be within a range of EUR 400m to EUR 440m based on the development of the operating business Under the assumption of a stable regulatory and energy policy environment EVN’s dividend policy reflects investment and gr
Slide 12: Contact details
Contact details • Stefan Szyszkowitz, CEO • Information on the internet • Alexandra Wittmann, CFO www.evn.at www.investor.evn.at • IR contact partners: www.responsibility.evn.at Karin Krammer Matthias Neumüller • Headquarters of EVN AG Gerald Reidinger EVN Platz 2344 Maria Enzersdorf •
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