Naturgy Energy Group, S.a. · BME:NTGY
Naturgy Energy — Q1 2019 Earnings Presentation
20 slides from Naturgy Energy's earnings presentation, Apr 30, 2019
Slide 1: Naturgy 1Q19 Results
Naturgy by 1019 Results 30 April 2019
Slide 2: Agenda
Agenda 1. 1Q19 consolidated results 2. 1Q19 results by business unit 3. Conclusions
Slide 3: 1Q19 consolidated results
01 1Q19 consolidated results
Slide 4: Key highlights
Key highlights Key figures (€m, % vs. 1Q18) 1 Solid performance of the Infra businesses and stability in Ordinary EBITDA Ordinary Net Income Gas & Power 2 Progress on efficiencies and de-risking 1,167 + 6% 377 + 16% 3 Investments in renewables and remunerated networks Capex Net Debt (€bn) 4
Slide 5: EBITDA evolution (€m)
EBITDA evolution (€m) + 6% 25 41 1,167 1,053 51 1,104 34 1,119 5 (42) (48) Including the following FX impacts: €5m €6m - €15m €6m FX: €2m EBITDA Non-ordinary Ordinary Gas & Power Infra. EMEA Infra. LatAm Infra. LatAm Other Ordinary Non-ordinary 1 EBITDA 1Q18 items EBITDA South North EBITDA items 1Q1
Slide 6: Net Income evolution (€m)
Net Income evolution (€m) + 16% 65 377 341 320 6 326 (14) (36) Net Non-ordinary Ordinary Activity Financial Ordinary Non-ordinary 1 Net Income items Net result, Net items Income 1Q18 Income associates Income 1Q19 1Q18 & other 1Q19 Solid ordinary Net income supported by the activity improvement and l
Slide 7: Cash flow and Net debt evolution (€m)
Cash flow and Net debt evolution (€m) Cash flow Net debt (%): avg. cost of debt2 1Q19 vs. 1Q18 EBITDA 1,119 6% 3.1% 3.2% Growth capex1 (194) -9% 15,310 703 120 15,123 Maintenance capex1 (95) -21% (27) Change in working capital 321 - (983) Gross cash flow 1,151 269% Taxes (46) 92% Net interest cost (
Slide 8: 1Q19 results by business unit
02 1Q19 results by business unit
Slide 9: Gas & Power
Gas & Power EBITDA evolution (€m) Highlights Gas, Power & services sales: efficiencies partially offset by lower sales and reduced margins in power supply 27 12 409 International LNG: lower sales and margins impacted by 399 5 404 401 12 scenario (8) (46) Europe Power Generation: higher pool an
Slide 10: Infrastructure EMEA
Infrastructure EMEA EBITDA evolution (€m) Highlights 14 6 475 446 441 14 441 Spain gas networks: lower opex coming from efficiency (29) improvements more than compensate for a mild winter Spain electricity networks: efficiencies, investment and Including the following FX impacts: lower interrupt
Slide 11: Infrastructure South LatAm
Infrastructure South LatAm EBITDA evolution (€m) Highlights Chile electricity: tariff indexation and efficiencies 10 partially countered by lower activity 9 194 193 11 32 169 (5) (1) Chile gas: tariff indexation and higher margins in gas sales 137 Including the following FX impacts: Brazil gas
Slide 12: Infrastructure North LatAm
Infrastructure North LatAm EBITDA evolution (€m) Highlights 18 101 101 23 Mexico gas: annual tariff increase, commercial repositioning and efficiencies 60 60 Panama electricity: new regulatory period and higher Including the demand/temperatures vs. last year following FX impacts: €3m €3m FX: €6m
Slide 13: Conclusions
03 Conclusions
Slide 14: Summary 1Q19 results
Summary 1Q19 results Robust performance of Infra businesses and stability in Gas & Power despite a more challenging scenario Continued progress on de-risking of merchant activities On track to deliver €100m additional efficiencies in 2019 as committed Strong cash flow generation through disc
Slide 15: 1Q19 results Q&A
Naturgy by 1019 results Q&A
Slide 16: Appendix
Naturgy y Appendix
Slide 17: Alternative Performance Metrics
Alternative Performance Metrics 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 are view
Slide 18: Alternative Performance Metrics
Alternative Performance Metrics 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 are view
Slide 19: 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 20: Capital Markets contact details
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