Edp S.a. · EURONEXT:EDP
Edp — Shareholder Meeting (April 2025)
20 slides from Edp's shareholder meeting presentation, April 2025
Slide 1: Annual General Shareholders' Meeting 2025
2 ; : \ ‘= Annual General shareholders’ Meeting 2025 Assembleia Geral Je 2025 ©) edo
Slide 2: Item 1 of the Agenda
Annual General Shareholders’ Meeting 2025 Assembleia Geral de Acionistas 2025 ITEM 1 OF THE AGENDA PONTO 1 DA AGENDA Integrated Report, accounting documents for the 2024 financial year, the Relatório Integrado, documentos de prestação de contas do exercício de single management report (and a corpora
Slide 3: Post COVID world marked by a volatile macroeconomic context
Annual General Shareholders’ Meeting 2025 Post COVID world marked by a volatile macroeconomic context in which EDP managed to strengthen its positioning while reinforcing its resilience to headwinds 2020 2021 2022 2023 2024 2025 Environment Business Mar-20: Pandemic caused big Energy transition as t
Slide 4: During this recent growth period, EDP successfully decarbonized its portfolio
Annual General Shareholders’ Meeting 2025 During this recent growth period, EDP successfully decarbonized its portfolio, reduced its dependence on asset rotation gains, increased the weight of networks, and reinforced its balance sheet Reported Net Recurring EBITDA Reported EBITDA, € Bn Recurring Ne
Slide 5: 2024 results outperforming guidance
Annual General Shareholders’ Meeting 2025 2024 results outperforming guidance, backed by a strong performance in integrated Generation & Supply in Iberia and networks, highlighting the value of the diversified portfolio Key financial metrics 2024 Latest guidance 2024 vs 2023 Δ% Recurring EBITDA €5.0
Slide 6: EDP's total shareholder return affected by drop in EDPR's share price
Annual General Shareholders’ Meeting 2025 In a year of solid financial performance, EDP's total shareholder return (TSR) was Exposure EDP: 32% affected by the sharp drop in EDPR's share price to Grids1 SX6E: 39% Exposure EDPR: 56% A B C to US1 GCE: 24% Highlights A – January to April 2024 Sharp de
Slide 7: We maintain our 2026 financial targets
Annual General Shareholders’ Meeting 2025 We maintain our 2026 financial targets, in line with previous projections, although the challenging context creates significant uncertainty and unpredictability Management actions Updated 2026 financial guidance BBB rating ~5.0-5.1 ~4.9-5.0 Fully committed E
Slide 8: Integrated Generation and Supply
Annual General Shareholders’ Meeting 2025 Integrated Generation and Supply After a challenging period (2021-2022) and a solid performance (2023-2024), we expect normalization in 2026 Recurring EBITDA Outlook 2026 € Bn +14% CAGR 2020-2024 1.7 EBITDA ~1.1 – 1.2 1.7 € billion 1.0 0.9 0.7 1.4 1.5 Electr
Slide 9: Networks
Annual General Shareholders’ Meeting 2025 Networks Strong and consistent growth over the past 5 years, with expectations of asset base acceleration after 2025 Recurring EBITDA Outlook 2026 € Bn +16% CAGR 2020-24 EBITDA ~1.6 € billion Acquisition Acquisition of EDP of CELG-T Brasil’s minority Acquisi
Slide 10: Wind, Solar and Storage
Annual General Shareholders’ Meeting 2025 Wind, Solar and Storage Results supported by portfolio growth, but in an adverse context, and with reduced dependence on asset rotation gains Recurring EBITDA Outlook 2026 € Bn +2% EBITDA ~2.1-2.2 CAGR 2020-24 € billion 2.2 1.8 0.4 1.8 1.7 1.7 Solid risk/ret
Slide 11: 2024 OPEX decreasing 4% YoY in absolute terms
Annual General Shareholders’ Meeting 2025 2024 OPEX decreasing 4% YoY in absolute terms, reinforcing our focus on efficiency despite growing activity Opex recurring1 Key measures €Bn -4% 1.99 Ambitious cost cutting program executed in 1.92 2024 achieving €140m of savings Corporate restructuring to a
Slide 12: Increase shareholder remuneration by bringing forward the €0.20 dividend
Annual General Shareholders’ Meeting 2025 We propose to increase shareholder remuneration by bringing forward the €0.20 per share dividend to this year, and we have executed a €100 million share buyback Proposed allocation of 2024 financial year profits 2024 annual dividend proposal up vs. previous
Slide 13: In 2024, EDP implemented a new operating model
Annual General Shareholders’ Meeting 2025 In 2024, EDP implemented a new operating model, based on the talent of our teams, as a key pillar to continue leading the energy transition Our Operating Model Our People 2024 Europe South North Iberia APAC (w/o Iberia) America America Renewable Generation A
Slide 14: EDP has a long ESG track record leading decarbonization
Annual General Shareholders’ Meeting 2025 EDP has a long ESG track record over the past 20 years, leading decarbonization efforts and being recognised by external raters over the years Strong track record in the energy transition 2020 2021 2022 2023 2024 2005 … 2020 2021 2022 2023 2024 9.8% 87% 95%
Slide 15: Key messages
Annual General Shareholders’ Meeting 2025 Key messages Following proactive management in a volatile and challenging context over the past few years, the 2024 results surpassed projections, with strong performance in the integrated management of Generation and Supply in the Iberian Peninsula, and Net
Slide 16: Item 2 of the Agenda
Annual General Shareholders’ Meeting 2025 Assembleia Geral de Acionistas 2025 ITEM 2 OF THE AGENDA PONTO 2 DA AGENDA To deliberate on the proposal for the distribution of the Deliberar sobre a proposta de aplicação de resultados do profits for the 2024 financial year and on the proposal for the dist
Slide 17: Improve shareholder remuneration by anticipating dividend floor to 2025
Annual General Shareholders’ Meeting 2025 Improve shareholder remuneration by anticipating next year’s dividend floor to 2025 with a payout ratio of 60% Proposed allocation of 2024 financial year profits 2024 annual dividend proposal up vs. previous guidance: €0.20/share, to be paid in May 2025 EDP
Slide 18: Item 3 of the Agenda
Annual General Shareholders’ Meeting 2025 Assembleia Geral de Acionistas 2025 ITEM 3 OF THE AGENDA PONTO 3 DA AGENDA To conduct a general appraisal of EDP's managements and Proceder à apreciação geral da administração e fiscalização da supervision in accordance with Article 455 of the Portuguese Com
Slide 19: Items 4 and 5 of the Agenda
Annual General Shareholders’ Meeting 2025 Assembleia Geral de Acionistas 2025 ITEM 4 OF THE AGENDA PONTO 4 DA AGENDA To authorise the Executive Board of Directors for the acquisition Conferir autorização ao Conselho de Administração Executivo and sale of own shares by EDP and subsidiaries of EDP 4 p
Slide 20: Investor presentation
Investor presentation 30