Naturgy Energy Group, S.a. · BME:NTGY
Naturgy Energy — H1 2021 Earnings Presentation
25 slides from Naturgy Energy's earnings presentation, Jul 28, 2021
Slide 1: 1H21 Results
1H21 Results 28 July 2021
Slide 2: Scenario, Consolidated results, Results by business unit, Summary
Scenario Consolidated results Results by business unit Summary
Slide 3: Scenario
Naturgy y Scenario
Slide 4: Energy demand evolution (TWh)
1. Scenario Energy demand evolution (TWh) Spain1 Panama Mexico Brazil 120.4 2.5 2.5 25.7 42.5 114.1 21.3 27.3 1H20 1H21 1H20 1H21 1H20 1H21 1H20 1H21 Spain1 Chile Argentina 184.6 Variation 1H21 vs. 1H20 172.6 5.8 40.9 5.1 36.5 Electricity Gas 1H20 1H21 1H20 1H21 1H20 1H21 Ongoing recovery of energy
Slide 5: Energy markets evolution
1. Scenario Energy markets evolution Spanish electricity market Brent (USD/bbl) NBP (USD/MMBtu) (Pool) (€/MWh) 64.9 8.0 58.6 39.7 29.0 2.4 1H20 1H21 1H20 1H21 1H20 1H21 Henry Hub (USD/MMBtu) JKM (USD/MMBtu) CO2 (€/t) 43.8 2.7 9.5 1.9 22.0 3.8 1H20 1H21 1H20 1H21 1H20 1H21 Significant rise of commodi
Slide 6: FX evolution
1. Scenario FX evolution Chile Brazil Argentina 0.0012 0.0011 0.19 0.15 0.013 0.009 1H20 1H21 1H20 1H21 1H20 1H21 Mexico Panama 0.91 0.04 0.04 0.83 1H20 1H21 1H20 1H21 Ongoing devaluation of main currencies 6 Source: Bloomberg
Slide 7: Consolidated results
Naturgy ” Cc | a _ Consolidated |< results : in
Slide 8: Key highlights
2. Consolidated results Key highlights Key figures (€m, % vs. 1H20) Ordinary EBITDA Ordinary Net income Positive results in Networks Spain supported by recovery of vs. 1H20 vs. 1H20 energy demand and operational improvements LatAm activities negatively impacted by ongoing FX vs. 1H19 vs. 1H19 deprec
Slide 9: EBITDA evolution by business unit (€m)
2. Consolidated results EBITDA evolution by business unit (€m) 1,908 59 33 43 1,959 164 1,744 (42) (20) (22) 1,678 (281) Including FX impact: m EBITDA Non-ordinary Ordinary Networks Networks Energy Renewables Supply Other Ordinary Non-ordinary EBITDA 1H20 items EBITDA Spain LatAm management EBITDA i
Slide 10: Net income evolution (€m)
2. Consolidated results Net income evolution (€m) 63 18 557 142 476 484 (73) 334 (1,219) Net Non-ordinary Ordinary Activity Financial result Ordinary Non-ordinary Net income items Net and others Net items income 1H20 income income 1H21 1H20 1H21 Net income growth driven by activity and financial res
Slide 11: Cash flow and Net debt evolution (€m)
2. Consolidated results Cash flow and Net debt evolution (€m) Cash flow Net debt 1H21 vs. 1H20 Ordinary EBITDA 1,959 +3% (%): avg. cost of debt2 Non-ordinary items (281) EBITDA 1,678 -4% Taxes (204) 13,612 605 100 221 79 13,611 Net interest cost (236) (663) (343) Other non-cash items (48) Funds from
Slide 12: Results by business unit
Naturgy y Results by business unit
Slide 13: Networks Spain
3. Results by business unit Networks Spain EBITDA evolution by business line (€m) Highlights 73 39 20 828 Gas networks: higher sales and operational improvements 769 696 649 partially offset by new regulatory framework (179) Electricity networks: growth driven by investment and efficiencies partiall
Slide 14: Networks LatAm
3. Results by business unit Networks LatAm EBITDA evolution by business line (€m) Highlights 433 4 437 6 395 4 399 Chile gas: higher distribution sales and efficiencies partially (6) (11) (8) offset by lower sales and margins in supply (23) Brazil gas: higher demand and positive opex evolution -€1m
Slide 15: Energy management
3. Results by business unit Energy management EBITDA evolution by business line (€m) Highlights 92 10 46 390 Markets and procurement: higher sales and margins 347 357 366 (80) (13) driven by improved gas procurement and higher selling (12) (24) - €3m -€11m - prices -€11m International LNG: price rec
Slide 16: Renewables
3. Results by business unit Renewables EBITDA evolution by business line (€m) Highlights 193 5 198 185 6 178 7 Spain: lower solar production due to temporary weather (25) (1) damage repairs and higher opex from activity expansion - - -€3m Australia: lower margins on quarterly mark to market valuatio
Slide 17: Supply
3. Results by business unit Supply EBITDA evolution by business line (€m) Highlights 43 214 Gas supply: higher margins and sales in the retail and 37 171 industrial segments partially offset by lower sales to 134 151 wholesale Europe (63) Power supply: higher margins in the retail and S&ME segments
Slide 18: Summary
Summary
Slide 19: Summary
4. Summary Summary Positive results in Networks Spain supported by recovery of energy demand and operational improvements LatAm activities negatively impacted by ongoing FX depreciation Liberalised activities mainly supported by contract renegotiations leading to improved margins Current trading and
Slide 20: Appendix
Naturgy v Appendix 20
Slide 21: Alternative Performance Metrics (i/ii)
Alternative Performance Metrics (i/ii) Naturgy's financial disclosures contain magnitudes and metrics drafted in accordance with International Financial Reporting Standards (IFRS) and others that are based on the Group's disclosure model, referred to as Alternative Performance Metrics (APM), which a
Slide 22: Alternative Performance Metrics (ii/ii)
Alternative Performance Metrics (ii/ii) Alternative performance Reconciliation of values Definition and terms Relevance of use metrics 30 June 2021 30 June 2020 Current and non-current financial debt Gross financial debt - "Cash and cash Euros 13,612 million1 = 17,539 – 3,927 – Net financial debt Eu
Slide 23: ESG Metrics
ESG Metrics ESG metrics 1H21 1H20 Change Comments Health and safety Accidents with lost time1 units 6 1 - Increase in accident ratio as a consequence of the exceptionally low 1Q20, but improving significantly from previous normalized quarters LT Frequency rate2 units 0.15 0.02 - Environment GHG Emis
Slide 24: Disclaimer
Disclaimer This document is the property of Naturgy Energy Group, S.A. (Naturgy) and has been prepared for information purposes only. This communication contains forward-looking information and statements about Naturgy. Such information can include financial projections and estimates, statements reg
Slide 25: Capital Markets contact
This presentation is property of Naturgy Energy Group, S.A. Both its content and design are for the exclusive use of its personnel. ©Copyright Naturgy Energy Group, S.A. CAPITAL MARKETS Tel. 34 912 107 815 e-mail: capitalmarkets@naturgy.com website: www.naturgy.com