S.n. Nuclearelectrica S.a. · BVB:SNN
S.n. Nuclearelectrica — Q3 2023 Earnings Presentation
22 slides from S.n. Nuclearelectrica's earnings presentation, Nov 13, 2023
Slide 1: SNN Investors Teleconference - Q3 2023
SNN Investors Teleconference Individual Interim Financial Statements as at and for the 9 month period ended POWERed by people September 30, 2023 - Q3 2023- Bucharest: November 13, 2023
Slide 2: Executive Summary
Financial Highlights 01 - 9M 2023 Financial results - Net result evolution - Income statement - Financial position 02 Sales of electricity - Sales of electricity evolution - Sales structure analysis 03 EXECUTIVE OPEX SUMMARY 04 CAPEX - Main investments 05 Subsequent events Technical performances 06
Slide 3: 9M 2023 Financial results highlights
9M 2023 Financial results highlights 01 Indicator Unit Q3 2023 Q3 2022 Var (abs) Var (%) Q3 2023* Var (%) actual actual budgeted (unaudited) (unaudited) 1 2 3 4=3/2 5 6=(1-5)/5 Q sold MWh 7,669,622 7,700,924 (31,302) -0.4% 7,663,669 0.1% SALES, out of which: RON ‘000 5,659,471 4,910,534 748,937 15.3
Slide 4: Detailed Net result evolution
Financial Highlights - Detailed Net result evolution - 01 Net profit for 9M 23 recorded a 1.9% increase compared to 9M 22 (+37,5 mil RON) Positive impact coming from: - increase in sales of electricity from higher electricity prices, for similar quantity sold +717 mil RON impact - decrease in traded
Slide 5: 9M 2023 Income statement
Financial Highlights - 9M 2023 Income statement - 01 9M 2023 9M 2022 Variation 9M 2023* Variation RON '000 actual actual (%) rectified (%) (unaudited) (unaudited) budget 5 = (1 - 1 2 3 = (1 - 2)/2 4 4)/4 Revenues Sales of electricity ** 5,547,008 4,829,890 14.8% 5,544,452 0.0% Electricity transmissi
Slide 6: 9M 2023 Financial position
Financial Highlights - 9M 2023 Financial position - 01 30.09.2023 31.12.2022 Variation RON '000 (unaudited) (audited) (%) A B C = (A - B)/B Main variations financial position: Total non-current assets 6,311,172 6,049,279 4.3% Non-current assets +4.3% coming from: Inventories 799,456 653,200 22.4% -
Slide 7: Sales of electricity increased by 15% 9M'22 vs 9M'23
Sales of electricity increased by 15% 9M’22 vs 9M’23 02 Electricity sales evolution (RON '000) Positive effect Negative effect 1,511,252 0 13,196 734,506 3,681,938 3,632,902 5,542,564 4,825,320 Sales of Competitive MACCE Spot Market - PE Spot Market - Competitive Sales of electricity in 9M Market -
Slide 8: Sales structure analysis 9M 2023 vs. 9M 2022
Sales structure analysis 9M 2023 vs. 9M 2022 02 Starting with January 1, 2023, the Company is a seller within the Centralized Electricity Acquisition Mechanism ("MACEE"), Sales prices evolution (RON/MWh w/out Tg) established by GEO no. 153/2022 for the period 1 January 2023 1,300 1,218.59 – 31 March
Slide 9: OPEX
OPEX 03 Cost structure 9M 2023 % 9M 2022 % 9M 2023 % (RON '000) actual actual 3=[1-2]/2 budgeted 5=[1-4]/4 [1] [2] [4] Windfall tax expenses for electricity producers / 2,059,256 57.0% 872,931 135.9% 2,060,457 (0.1%) Contribution to the Energy Transition Fund Personnel expenses 449,552 12.4% 379,605
Slide 10: CAPEX
CAPEX 04 Capital expenditure of SNN in 9M 2023: ➢ 456 mil RON in 9M’23 (in 9M 2022: 422 mil. RON) out of total investment program of 710 mil. RON. ➢ similar % degree of completion compared to similar previous period: 9M 2023 64% vs 9M 2022: 69% ➢ the investments in the first 9 months of 2023 were ma
Slide 11: CAPEX - Main investments and long term strategic projects
CAPEX - Aspects related to main investments and long term strategic projects - 04 ➢ Unit 1 Refurbishment ➢ Increase of the Production Capacity Project – Unit 3 and 4 Project CNE Cernavoda ➢ Small Modular Reactors ➢ The Detrition Facility Project - CTRF 11
Slide 12: Unit 1 Refurbishment
CAPEX - Aspects related to main investments and long term strategic projects - 04 Unit 1 Refurbishment: • On March 7, 2023, SNN selected Candu Energy Inc., a member of the SNC-Lavalin Group (TSX: SNC), to provide engineering services for the development of design documentation for retrofitting activ
Slide 13: Units 3 and 4 Project CNE Cernavoda
CAPEX - Aspects related to main investments and long term strategic projects - 04 Increase of the Production Capacity Project – Unit 3 and 4 Project CNE Cernavoda: • On March 31, 2023, was adopted the Law no. 74 for the approval of the signing of the Support Agreement between the Romanian state and
Slide 14: Small Modular Reactors
CAPEX - Aspects related to main investments and long term strategic projects - 04 Small Modular Reactors • On May 20, 2023, the U.S. and multinational public-private partners look to finance up to USD 275 million for the Small Modular Reactor (SMR) project in Romania, which includes a Letter of Inte
Slide 15: The Detrition Facility Project - CTRF
CAPEX - Aspects related to main investments and long term strategic projects - 04 The Detrition Facility Project - CTRF • The Detrition Facility Project ("CTRF") is part of SNN's portfolio of initiatives aimed at the consistent implementation of the Company's general policy, namely the concern for m
Slide 16: Subsequent events
Subsequent events 05 Positive revision of the rating granted by Fitch • On November 8, SNN informs shareholders and investors that Fitch Rating Agency has confirmed its BBB- rating with stable outlook on SN Nuclearelectrica SA. • The BBB- rating, with stable outlook, reflects, according to the repor
Slide 17: Radioactive emissions U1+U2 (μSv)
Radioactive emissions U1+U2 (μSv) 06 0.9 μSv 0.78 0.8 μSv 0.71 0.72 0.73 0.72 0.7 μSv 0.68 0.67 0.65 0.62 0.6 μSv 0.5 μSv 0.40 0.39 0.39 0.40 0.4 μSv 0.38 0.36 0.37 0.34 0.36 0.35 0.34 0.31 0.32 0.32 0.34 0.320.30 0.30 0.3 μSv 0.2 μSv 0.1 μSv 0.0 μSv January February March April May June July August
Slide 18: Nuclear fuel burn up factor (MWh/KgU)
Nuclear fuel burn up factor (MWh/KgU) (Cumulated 9M 2023: 172.02/Project estimated: min. 156) 06 250 MWh/KgU 200 MWh/KgU 182 181 179 180 179 179 176 178 179 166 167 166 168 168 168 164 165 166 150 MWh/KgU 100 MWh/KgU 50 MWh/KgU 0 MWh/KgU January February March April May June July August September Mo
Slide 19: CANDU Technology Unit performance U1 + U2 (%)
CANDU Technology Unit performance U1 + U2 (%) Capacity Factor (Cumulated 9M 2023: 89.99%) 06 99.10% 99.19% 100% 98.93% 98.93% 98.69% 98.82% 98.91% 98.98% 95.39% 96.10% 92.07% 90.96% 88.72% 89.14% 89.90% 87.56% 80% 71.55% 60% 58.90% 40% 20% 0% January February March April May June July August Septemb
Slide 20: Disclaimer
Disclaimer 07 This documents was prepared by Nuclearelectrica team only for this presentation purpose. This document cannot be understood anyway as an offer to sell/buy Nuclearelectrica shares. The document content is only for your information and all the statements other than statements of historic
Slide 21: SNN Investor Relation
SNN Investor Relation 07 2023 Financial calendar Event Date Publication of the Third Quarterly Report 2023 13 November 2023 S.N. Nuclearelectrica S.A. (SNN) (January - September) (Monday) www.nuclearelectrica.ro Conference call Hour of the conference call: Financial analysts, investment advisors, 16
Slide 22: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION!
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