Slide 1: 9M 2024 Consolidated Results
9M 2024 CONSOLIDATED RESULTS Gruppo Ascopiave 9M 2024 CONSOLIDATED RESULTS Conference Call Pieve di Soligo, 7th November 2024 Gruppo 1
Slide 2: Contents
Contents 9M 2024 CONSOLIDATED RESULTS Financial highlights ……………………………………………………………………………………………………………………….……………………………………… Pag. 3 Companies consolidated with full consolidation method …………………………………………………………….. Pag. 7 Estenergy …………………………………………………………………………………………………………………………………………………………………………………….… Pag.
Slide 3: Financial highlights
Contents 9M 2024 CONSOLIDATED RESULTS Financial highlights → Ascopiave Group structure as of 30th September 2024 → 9M 2024 consolidated income statement → Consolidated balance sheet as of 30th September 2024 Companies consolidated with full consolidation method Estenergy Disclaimer Financial highlig
Slide 4: Ascopiave Group structure as of 30th September 2024
Ascopiave Group structure as of 30th September 2024 9M 2024 CONSOLIDATED RESULTS 100% 25% 100% 51% 100% 49% 100% 84.17% 100% 100% ASCO RENEWABLES 100% 100% Salinella Eolico 100% 90% Green Factory 100% 3% 18.33% 5% 11.35% Corporate services to subsidiaries and associates Gas distribution Water manage
Slide 5: 9M 2024 consolidated income statement
9M 2024 consolidated income statement 9M 2024 CONSOLIDATED RESULTS (Thousand of Euro) 9M 2024 9M 2023 Chg Chg % Revenues 146,292 125,153 21,138 +17% (Purchase costs for other raw materials) (1,541) (1,234) (308) +25% (Costs for services) (39,062) (36,840) (2,222) +6% (Costs for personnel) (15,053) (
Slide 6: Consolidated balance sheet as of 30th September 2024
Consolidated balance sheet as of 30th September 2024 9M 2024 CONSOLIDATED RESULTS (Thousand of Euro) 30/09/2024 31/12/2023 Chg Chg % Tangible assets (*) 158,501 156,475 2,026 +1% Non tangible assets (*) 776,929 766,353 10,576 +1% Investments in associates (**) 308,063 308,331 (268) -0% Other fixed a
Slide 7: Companies consolidated with full consolidation method
Contents 9M 2024 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 2024 CONSOLIDATED RESULTS Number of gas distribution users Volumes of gas distributed (Million of standard cubic meters) -3,546 +1.7 -0% +0% 870,830 874,376 968.9 967.2 30/09/2024 31/12/2023 9M 2024 9M 2023 Companies consolidated with full consolidation method 8
Slide 9: Operating data – renewable energies
Operating data – renewable energies 9M 2024 CONSOLIDATED RESULTS Volumes of electricity produced (GWh) +67.7 +66% 170.0 102.3 9M 2024 9M 2023 Companies consolidated with full consolidation method 9
Slide 10: Revenues bridge
Revenues bridge 9M 2024 CONSOLIDATED RESULTS Revenues bridge (Thousand of Euro) +21,138 +17% 9,288 381 12,676 1,207 146,292 125,153 9M 2023 Gas distribution Revenues Revenues from Other revenues 9M 2024 tariff revenues from RES energy (*) efficiency certificates (*) Tariff revenues include the tarif
Slide 11: EBIT bridge
EBIT bridge 9M 2024 CONSOLIDATED RESULTS EBIT bridge (Thousand of Euro) +14,343 +72% 9,288 1,983 12,677 5,640 34,181 19,838 9M 2023 Gas distribution Revenues Depreciations Other net 9M 2024 tariff revenues from RES and operating costs amortizations (*) (*) Further details on page 13 of the current p
Slide 12: Gas distribution tariff revenues and revenues from RES
Gas distribution tariff revenues and revenues from RES 9M 2024 CONSOLIDATED RESULTS Gas distribution tariff revenues (Thousand of Euro) (*) 9M 2024 9M 2023 Chg Chg % Gas distribution tariff revenues 103,217 90,540 12,677 +14% Gas distribution tariff revenues 103,217 90,540 12,677 +14% Increase of ga
Slide 13: Other net operating costs
Other net operating costs 9M 2024 CONSOLIDATED RESULTS (Thousand of Euro) 9M 2024 9M 2023 Chg Chg % Other revenues 20,334 21,160 (826) -4% Other costs of raw materials and services (58,131) (52,163) (5,968) +11% Cost of personnel (15,053) (16,207) 1,154 -7% Other net operating costs (52,850) (47,210
Slide 14: Personnel (1)
Personnel (1) 9M 2024 CONSOLIDATED RESULTS Number of employees -6 -1% 497 503 30/09/2024 31/12/2023 Companies consolidated with full consolidation method 14
Slide 15: Personnel (2)
Personnel (2) 9M 2024 CONSOLIDATED RESULTS Cost of personnel (Thousand of Euro) -1,154 -7% 418 736 Cost of personnel changes: ▪ capitalized cost of personnel: 16,207 15,053 - Euro 0.4 mln ▪ other: - Euro 0.7 mln 9M 2023 Capitalized cost of Other changes 9M 2024 personnel Companies consolidated with
Slide 16: Capex
Capex 9M 2024 CONSOLIDATED RESULTS Capex (*) (Thousand of Euro) -3,676 -7% ▪ Gas distribution systems: Euro 31.4 mln ▪ Gas meters: Euro 9.2 mln ▪ Investments in renewable 51,588 55,264 energies: Euro 9.2 mln ▪ Investments in hardware and software: Euro 0.8 mln ▪ Other: Euro 1.1 mln 9M 2024 9M 2023 (
Slide 17: Net financial position and cash flow (1)
Net financial position and cash flow (1) 9M 2024 CONSOLIDATED RESULTS Net financial position and cash flow (Thousand of Euro) 30,982 51,588 1,901 13,269 51,980 389,363 404,782 +15,419 +4% 31/12/2023 Cash flow Capex Change in NWC Dividends received Change in 30/09/2024 (*) (**) shareholders' equity (
Slide 18: Net financial position and cash flow (2)
Net financial position and cash flow (2) 9M 2024 CONSOLIDATED RESULTS (Thousand of Euro) (*) 30/09/2024 31/12/2023 Chg Chg % Long term financial borrowings 188,801 204,064 (15,263) -7% Current position of long term financial borrowings 72,850 80,642 (7,792) -10% Long term bond loans 78,762 86,347 (7
Slide 19: Estenergy
Contents 9M 2024 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy → Financial highlights Disclaimer Estenergy 19
Slide 20: Estenergy Financial highlights
Financial highlights 9M 2024 CONSOLIDATED RESULTS Income statement (*) Balance sheet (*) (Thousand of Euro) 9M 2024 9M 2023 (Thousand of Euro) 30/09/2024 31/12/2023 Tangible assets 5,259 5,522 Revenues 840,109 798,244 Non tangible assets 617,040 627,170 Investments in associates 17,694 17,704 (Purch
Slide 21: Disclaimer
Contents 9M 2024 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy Disclaimer Disclaimer 21
Slide 22: Disclaimer
Disclaimer 9M 2024 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