Ascopiave S.p.a. · MIL:ASC
Ascopiave — Q1 2023 Earnings Presentation
22 slides from Ascopiave's earnings presentation, May 11, 2023
Slide 1: 3M 2023 Consolidated Results Conference Call
3M 2023 CONSOLIDATED RESULTS Gruppo Ascopiave 3M 2023 CONSOLIDATED RESULTS Conference Call Pieve di Soligo, 11th May 2023 Gruppo 1
Slide 2: Contents
Contents 3M 2023 CONSOLIDATED RESULTS Financial highlights ……………………………………………………………………………………………………………………….……………………………………… Pag. 3 Companies consolidated with full consolidation method …………………………………………………………….. Pag. 7 Estenergy …………………………………………………………………………………………………………………………………………………………………………………….… Pag.
Slide 3: Financial highlights
Contents 3M 2023 CONSOLIDATED RESULTS Financial highlights → Ascopiave Group structure as of 31st March 2023 → 3M 2023 consolidated income statement → Consolidated balance sheet as of 31st March 2023 Companies consolidated with full consolidation method Estenergy Disclaimer Financial highlights 3
Slide 4: Ascopiave Group structure as of 31st March 2023
Ascopiave Group structure as of 31st March 2023 3M 2023 CONSOLIDATED RESULTS 40% 51% 100% 49% 100% 32.559% (in liquidation) 100% 84.17% 100% 100% 100% ASCO RENEWABLES 100% 100% Eosforo 75% 78.441% Morina 100% 100% Sangineto Energie 60% 100% Salinella Eolico 90% 18.33% Green Factory 3% 55.2% 5% Corpo
Slide 5: 3M 2023 consolidated income statement
3M 2023 consolidated income statement 3M 2023 CONSOLIDATED RESULTS (Thousand of Euro) 3M 2023 3M 2022 Chg Chg % Revenues 40,719 34,139 6,580 +19% (Purchase costs for other raw materials) (803) (895) 92 -10% (Costs for services) (11,929) (11,428) (500) +4% (Costs for personnel) (5,377) (5,140) (237)
Slide 6: Consolidated balance sheet as of 31st March 2023
Consolidated balance sheet as of 31st March 2023 3M 2023 CONSOLIDATED RESULTS (Thousand of Euro) 31/03/2023 31/12/2022 Chg Chg % Tangible assets (*) 149,079 138,432 10,647 +8% Non tangible assets (*) 776,733 759,743 16,990 +2% Investments in associates (**) 426,640 436,287 (9,646) -2% Other fixed as
Slide 7: Companies consolidated with full consolidation method
Contents 3M 2023 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method → Operating data → Revenues bridge → EBIT bridge → Gas distribution tariff revenues → Other net operating costs → Personnel → Capex → Net financial position and cash flow Estenergy Discla
Slide 8: Operating data – gas distribution
Operating data – gas distribution 3M 2023 CONSOLIDATED RESULTS Number of gas distribution users Volumes of gas distributed (Million of standard cubic meters) -10,228 -49.1 -1% -8% 591.6 82.6 879,511 889,739 640.7 509.0 31/03/2023 31/12/2022 3M 2023 3M 2022 New consolidation area Companies consolidat
Slide 9: Operating data – renewable energies
Operating data – renewable energies 3M 2023 CONSOLIDATED RESULTS Volumes of electricity produced (GWh) +5.9 +42% 20.0 14.1 3M 2023 3M 2022 Companies consolidated with full consolidation method 9
Slide 10: Revenues bridge
Revenues bridge 3M 2023 CONSOLIDATED RESULTS Revenues bridge (Thousand of Euro) +6,580 +19% 1,815 4,485 476 196 40,719 34,139 3M 2022 Change of the Gas distribution Revenues from Other revenues 3M 2023 consolidation tariff revenues energy area (*) efficiency certificates (*) Tariff revenues include
Slide 11: EBIT bridge
EBIT bridge 3M 2023 CONSOLIDATED RESULTS EBIT bridge (Thousand of Euro) +5,492 +190% 5,275 8,378 476 99 358 2,886 3M 2022 Change of the Gas distribution Depreciations Other net 3M 2023 consolidation tariff revenues and operating costs area amortizations (*) (*) Further details on page 13 of the curr
Slide 12: Gas distribution tariff revenues
Gas distribution tariff revenues 3M 2023 CONSOLIDATED RESULTS (Thousand of Euro) (*) 3M 2023 3M 2022 Chg Chg % Gas distribution tariff revenues 29,753 25,816 3,937 +15% Gas distribution tariff revenues 29,753 25,816 3,937 +15% Change of the consolidation area: + Euro 3.5 mln Increase of gas distribu
Slide 13: Other net operating costs
Other net operating costs 3M 2023 CONSOLIDATED RESULTS (Thousand of Euro) 3M 2023 3M 2022 Chg Chg % Other revenues 10,561 7,941 2,620 +33% Other costs of raw materials and services (14,677) (15,454) 778 -5% Cost of personnel (5,377) (5,140) (237) +5% Other net operating costs (9,492) (12,653) 3,161
Slide 14: Personnel (1) Number of employees
Personnel (1) 3M 2023 CONSOLIDATED RESULTS Number of employees -6 -1% 507 513 31/03/2023 31/12/2022 Companies consolidated with full consolidation method 14
Slide 15: Personnel (2) Cost of personnel
Personnel (2) 3M 2023 CONSOLIDATED RESULTS Cost of personnel (Thousand of Euro) +237 +5% Change of consolidation area: + Euro 0.3 mln 338 Cost of personnel changes of 32 69 equal consolidation area: ▪ capitalized cost of personnel: + Euro 0.0 mln 5,140 5,377 ▪ other: - Euro 0.1 mln 3M 2022 Change of
Slide 16: Capex
Capex 3M 2023 CONSOLIDATED RESULTS Capex (*) (Thousand of Euro) +753 +6% Change of the consolidation area: Euro 0.9 mln 13,818 (**) 878 Equal consolidation area: ▪ Gas distribution systems: Euro 8.3 mln 12,939 13,065 ▪ Gas meters: Euro 2.7 mln ▪ Investments in renewable energies: Euro 1.6 mln 3M 202
Slide 17: Net financial position and cash flow (1)
Net financial position and cash flow (1) 3M 2023 CONSOLIDATED RESULTS Net financial position and cash flow (Thousand of Euro) 36,707 13,588 3,042 17,516 14,345 411,857 433,333 +21,476 +5% 31/12/2022 Cash flow Capex Change in NWC Realization of Firm acquisitions 31/03/2023 (*) (**) assets (****) (***
Slide 18: Net financial position and cash flow (2)
Net financial position and cash flow (2) 3M 2023 CONSOLIDATED RESULTS (Thousand of Euro) (*) 31/03/2023 31/12/2022 Chg Chg % Long term financial borrowings (>12 months) 164,829 178,538 (13,709) -8% Current position of long term financial borrowings 115,397 119,280 (3,883) -3% Bond loans 93,744 94,03
Slide 19: Estenergy
Contents 3M 2023 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy → Financial highlights Disclaimer Estenergy 19
Slide 20: Estenergy Financial highlights
Financial highlights 3M 2023 CONSOLIDATED RESULTS Income statement (*) Balance sheet (*) (Thousand of Euro) 3M 2023 3M 2022 (Thousand of Euro) 31/03/2023 31/12/2022 Tangible assets 4,037 4,100 Revenues 387,075 560,473 Non tangible assets 633,103 634,106 Investments in associates 18,284 17,717 (Purch
Slide 21: Disclaimer
Contents 3M 2023 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy Disclaimer Disclaimer 21
Slide 22: Disclaimer
Disclaimer 3M 2023 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