Slide 1: 9M 2023 Consolidated Results
9M 2023 CONSOLIDATED RESULTS Gruppo Ascopiave 9M 2023 CONSOLIDATED RESULTS Conference Call Pieve di Soligo, 9th November 2023 Gruppo 1
Slide 2: Contents
Contents 9M 2023 CONSOLIDATED RESULTS Financial highlights ……………………………………………………………………………………………………………………….……………………………………… Pag. 3 Companies consolidated with full consolidation method …………………………………………………………….. Pag. 7 Estenergy …………………………………………………………………………………………………………………………………………………………………………………….… Pag.
Slide 3: Contents: Financial highlights
Contents 9M 2023 CONSOLIDATED RESULTS Financial highlights → Ascopiave Group structure as of 30th September 2023 → 9M 2023 consolidated income statement → Consolidated balance sheet as of 30th September 2023 Companies consolidated with full consolidation method Estenergy Disclaimer Financial highlig
Slide 4: Ascopiave Group structure as of 30th September 2023
Ascopiave Group structure as of 30th September 2023 9M 2023 CONSOLIDATED RESULTS 40% 51% 100% 49% 100% 100% 84.17% 100% 100% ASCO RENEWABLES 100% 100% Eosforo 100% 100% Morina 78.441% 100% Sangineto Energie 100% 60% Salinella Eolico 100% 90% Green Factory 18.33% 3% 55.2% 5% Corporate services to sub
Slide 5: 9M 2023 consolidated income statement
9M 2023 consolidated income statement 9M 2023 CONSOLIDATED RESULTS (Thousand of Euro) 9M 2023 9M 2022 Chg Chg % Revenues 125,153 120,009 5,144 +4% (Purchase costs for other raw materials) (1,234) (1,659) 425 -26% (Costs for services) (36,840) (37,617) 777 -2% (Costs for personnel) (16,207) (14,834)
Slide 6: Consolidated balance sheet as of 30th September 2023
Consolidated balance sheet as of 30th September 2023 9M 2023 CONSOLIDATED RESULTS (Thousand of Euro) 30/09/2023 31/12/2022 Chg Chg % Tangible assets (*) 147,286 138,432 8,854 +6% Non tangible assets (*) 759,461 759,743 (282) -0% Investments in associates (**) 407,026 436,287 (29,260) -7% Other fixed
Slide 7: Contents
Contents 9M 2023 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method → Operating data → Revenues bridge → EBIT bridge → Gas distribution tariff revenues and revenues from RES → Other net operating costs → Personnel → Capex → Net financial position and cash
Slide 8: Operating data – gas distribution
Operating data – gas distribution 9M 2023 CONSOLIDATED RESULTS Number of gas distribution users Volumes of gas distributed (Million of standard cubic meters) -15,947 -73.6 -2% -7% 967.2 82.6 873,792 889,739 1,040.9 884.6 30/09/2023 31/12/2022 9M 2023 9M 2022 New consolidation area (*) (*) Change of
Slide 9: Operating data – renewable energies
Operating data – renewable energies 9M 2023 CONSOLIDATED RESULTS Volumes of electricity produced (GWh) +41.2 +67% 102.3 61.1 9M 2023 9M 2022 Companies consolidated with full consolidation method 9
Slide 10: Revenues bridge
Revenues bridge 9M 2023 CONSOLIDATED RESULTS Revenues bridge (Thousand of Euro) +5,144 +4% 4,181 5,131 4,485 2,579 11,232 120,009 125,153 9M 2022 Change of the Gas Revenues Revenues from Other 9M 2023 consolidation distribution from RES energy revenues area tariff revenues efficiency (*) (**) certif
Slide 11: EBIT bridge
EBIT bridge 9M 2023 CONSOLIDATED RESULTS EBIT bridge (Thousand of Euro) -361 -2% 4,181 2,584 1,117 115 6,124 20,199 19,838 9M 2022 Change of the Gas Revenues Depreciations Other net 9M 2023 consolidation distribution from RES and operating area tariff revenues amortizations costs (*) (**) (*) Change
Slide 12: Gas distribution tariff revenues and revenues from RES
Gas distribution tariff revenues and revenues from RES 9M 2023 CONSOLIDATED RESULTS Gas distribution tariff revenues (Thousand of Euro) (*) 9M 2023 9M 2022 Chg Chg % Gas distribution tariff revenues 90,540 84,494 6,046 +7% Gas distribution tariff revenues 90,540 84,494 6,046 +7% Change of the consol
Slide 13: Other net operating costs
Other net operating costs 9M 2023 CONSOLIDATED RESULTS (Thousand of Euro) 9M 2023 9M 2022 Chg Chg % Other revenues 21,160 26,259 (5,100) -19% Other costs of raw materials and services (52,163) (50,412) (1,750) +3% Cost of personnel (16,207) (14,834) (1,373) +9% Other net operating costs (47,210) (38
Slide 14: Personnel (1)
Personnel (1) 9M 2023 CONSOLIDATED RESULTS Number of employees -17 -3% 496 513 30/09/2023 31/12/2022 Companies consolidated with full consolidation method 14
Slide 15: Personnel (2)
Personnel (2) 9M 2023 CONSOLIDATED RESULTS Cost of personnel (Thousand of Euro) +1,373 +9% Change of consolidation area: + Euro 0.3 mln 207 827 Cost of personnel changes of 338 equal consolidation area: ▪ capitalized cost of personnel: + Euro 0.2 mln 14,834 16,207 ▪ other: + Euro 0.8 mln, mainly for
Slide 16: Capex
Capex 9M 2023 CONSOLIDATED RESULTS Capex (*) (Thousand of Euro) +13,899 +34% Change of the consolidation area: Euro 0.7 mln 55,264 (**) 738 Equal consolidation area: ▪ Gas distribution systems: Euro 29.1 mln 54,526 ▪ Gas meters: Euro 9.9 mln 41,366 ▪ Investments in renewable energies: Euro 14.4 mln
Slide 17: Net financial position and cash flow (1)
Net financial position and cash flow (1) 9M 2023 CONSOLIDATED RESULTS Net financial position and cash flow (Thousand of Euro) 88,168 29,063 36,885 53,539 23,225 29,740 40,696 525,851 411,857 +113,994 +28% 31/12/2022 Cash flow Capex Change in Dividends Change in Realization Firm 30/09/2023 (*) (**) N
Slide 18: Net financial position and cash flow (2)
Net financial position and cash flow (2) 9M 2023 CONSOLIDATED RESULTS (Thousand of Euro) (*) 30/09/2023 31/12/2022 Chg Chg % Long term financial borrowings (>12 months) 152,942 178,538 (25,596) -14% Current position of long term financial borrowings 118,601 119,280 (679) -1% Bond loans 86,172 94,033
Slide 19: Estenergy
Contents 9M 2023 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy → Financial highlights Disclaimer Estenergy 19
Slide 20: Estenergy Financial highlights
Financial highlights 9M 2023 CONSOLIDATED RESULTS Income statement (*) Balance sheet (*) (Thousand of Euro) 9M 2023 9M 2022 (Thousand of Euro) 30/09/2023 31/12/2022 Tangible assets 4,196 4,100 Revenues 798,244 1,106,893 Non tangible assets 630,244 634,106 Investments in associates 17,222 17,717 (Pur
Slide 21: Disclaimer
Contents 9M 2023 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy Disclaimer Disclaimer 21
Slide 22: Disclaimer
Disclaimer 9M 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