Edison Spa · MIL:EDNR
Edison Spa — H1 2022 Earnings Presentation
8 slides from Edison Spa's earnings presentation, September 2022
Slide 1: 1H2022 Results
1H2022 RESULTS Milan, September 2022 | 1
Slide 2: Edison at a Glance 1H2022
EDISON AT A GLANCE 1H2022 € €13.2B €622M €150M 11.0 TWh 6.0 Gm3 6.3 GW 1.7 M Revenues EBITDA Net Debt Power produced Gas imports Installed power Clients (PoD) +220.9% +31.8% +44.2% +29.4% +1% -1.5% +8.9% EDISON HIGHLIGHTS ITALIAN SCENARIO EDISON LAUNCHES EDISON NEXT (May): a unique platform on the m
Slide 3: Strong thermal generation offsets decrease in hydro production due to drought
STRONG THERMAL GENERATION OFFSETS DECREASE IN HYDRO PRODUCTION DUE TO DROUGHT ELECTRICITY SOURCES USES (TWh) 19,0 19,0 17,9 +6.1% (TWh) 17,9 +6.1% 0,3 (3.2%) 0,3 0,3 (3.2%) 0,3 (14.5%) 8,0 7,1 6,5 +8.0% 9,4 +5.2% 1,1 (48.7%) 0,7 1,0 1,4 11,1 11,6 +52.9% 8,9 +5.2% 5,8 1H2021 1H2022 1H2021 1H2022 (1 )
Slide 4: Higher gas volumes sourced for thermal generation and wholesale market uses
HIGHER GAS VOLUMES SOURCED FOR THERMAL GENERATION AND WHOLESALE MARKET USES GAS SOURCES USES (bcm) (bcm) +20.7% 11,0 +20.7% 11,0 9,1 9,1 4,0 +62.1% 5,0 +51.3% 3,1 2,6 2,8 2,9 (4.8%) 1,2 6,0 (0.5%) 6,0 1,2 +8.9% 2,4 +23.9% 3,0 +16.4% 0,1 0,1 1H2021 1H2022 1H2021 1H2022 Other sales (including sales of
Slide 5: Despite strong growth in revenues and EBITDA…
DESPITE STRONG GROWTH IN REVENUES AND EBITDA… (M€) REVENUES EBITDA 13.222 622 +31.8% +221% 472 295 10.331 174 48 40 4.120 297 320 398 2.388 286 4.087 (39) (41) 1.720 -274 -1.594 1H2021 1H2022 1H2021 1H2022 Gas operations Δ EBITDA MAIN DRIVERS Energy services Electric power (excl Energy services) ope
Slide 6: …a decline in profit due to impact of decrees and non recurring gains in 2021
…A DECLINE IN PROFIT DUE TO IMPACT OF “AIUTI”, “TAGLIA PREZZI” AND “SOSTEGNI” DECREES AND NON RECURRING GAINS IN 2021 (M€) GROUP INTEREST IN PROFIT -37% 37% down yoy due to: - “Aiuti”, “Taglia-Prezzi” and “Sostegni-Ter” decrees (total estimated impact around 80 M€ over 1H2022) - non-recurring effect
Slide 7: Quasi stable net debt despite significant investment in energy transition and dividend payment
QUASI STABLE NET DEBT DESPITE SIGNIFICANT INVESTMENT IN ENERGY TRANSITION AND DIVIDEND PAYMENT (M€) o/w (202) M€ direct investments (mainly Marghera and Presenzano CCGTs, Edison Next and renewables investments) (138) M€ Business combinations: Citelum Italia (Services), Energia Italia (Renewables), I
Slide 8: Statement
STATEMENT As required by Article 154-bis, Section 2, of the Uniform Finance Law (Legislative Decree No 58/1998), Ronan Lory and Roberto Buccelli, in their capacity as “Dirigenti preposti alla redazione dei documenti contabili societari” of Edison S.p.A., attest that the accounting information contai