Slide 1: 6M 2021 Consolidated Results
6M 2021 CONSOLIDATED RESULTS Gruppo Ascopiave 6M 2021 CONSOLIDATED RESULTS Conference Call Pieve di Soligo, 6th August 2021 Gruppo 1
Slide 2: Contents
Contents 6M 2021 CONSOLIDATED RESULTS Financial highlights ……………………………………………………………………………………………………………………….……………………………………… Pag. 3 Companies consolidated with full consolidation method …………………………………………………………….. Pag. 7 Estenergy …………………………………………………………………………………………………………………………………………………………………………………….… Pag.
Slide 3: Contents: Financial highlights
Contents 6M 2021 CONSOLIDATED RESULTS Financial highlights → Ascopiave Group structure as of 30th June 2021 → 6M 2021 consolidated income statement → Consolidated balance sheet as of 30th June 2021 Companies consolidated with full consolidation method Estenergy Disclaimer Financial highlights 3
Slide 4: Ascopiave Group structure as of 30th June 2021
Ascopiave Group structure as of 30th June 2021 6M 2021 CONSOLIDATED RESULTS 100% 100% 48% 100% 89% 100% 51% 49% 100% 100% 100% 100% 3% 30,94% (in liquidazione) 5% 100% 18,33% Gas distribution Gas and electricity sales Other activities Financial highlights 4
Slide 5: 6M 2021 consolidated income statement
6M 2021 consolidated income statement 6M 2021 CONSOLIDATED RESULTS (Thousand of Euro) 6M 2021 6M 2020 Chg Chg % Revenues 66.085 86.518 (20.433) -24% (Purchase costs for other raw materials) (1.113) (1.047) (66) +6% (Costs for services) (19.529) (18.376) (1.154) +6% (Costs for personnel) (9.148) (9.6
Slide 6: Consolidated balance sheet as of 30th June 2021
Consolidated balance sheet as of 30th June 2021 6M 2021 CONSOLIDATED RESULTS (Thousand of Euro) 30/06/2021 31/12/2020 Chg Chg % Tangible assets (*) 34.552 33.443 1.109 +3% Non tangible assets (*) 631.585 626.685 4.900 +1% Investments in associates (**) 512.743 515.729 (2.986) -1% Other fixed assets
Slide 7: Contents: Companies consolidated with full consolidation method
Contents 6M 2021 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method → Operating data → Revenues bridge → EBIT bridge → Gas distribution tariff revenues and other net operating costs → Personnel → Capex → Net financial position and cash flow Estenergy Disc
Slide 8: Operating data
Operating data 6M 2021 CONSOLIDATED RESULTS Number of gas distribution users Volumes of gas distributed (Million of standard cubic meters) -666 +115,0 -0% +14% 776.396 777.062 918,5 803,5 30/06/2021 31/12/2020 6M 2021 6M 2020 Companies consolidated with full consolidation method 8
Slide 9: Revenues bridge
Revenues bridge 6M 2021 CONSOLIDATED RESULTS Revenues bridge (Thousand of Euro) -20.433 -24% (*) (*) Tariff revenues include the tariff component for the recovery of the fee paid to local entities according to art. 46-bis DL 159/2007. Companies consolidated with full consolidation method 9
Slide 10: EBIT bridge
EBIT bridge 6M 2021 CONSOLIDATED RESULTS EBIT bridge (Thousand of Euro) +989 +8% (*) (*) Further details on page 11 of the current presentation. Companies consolidated with full consolidation method 10
Slide 11: Gas distribution tariff revenues and other net operating costs
Gas distribution tariff revenues and other net operating costs 6M 2021 CONSOLIDATED RESULTS (Thousand of Euro) (*) 6M 2021 6M 2020 Chg Chg % Gas distribution tariff revenues 54.218 54.375 (158) -0% Gas distribution tariff revenues 54.218 54.375 (158) -0% (Thousand of Euro) 6M 2021 6M 2020 Chg Chg %
Slide 12: Personnel (1)
Personnel (1) 6M 2021 CONSOLIDATED RESULTS Number of employees +12 +3% 475 463 30/06/2021 31/12/2020 Companies consolidated with full consolidation method 12
Slide 13: Personnel (2)
Personnel (2) 6M 2021 CONSOLIDATED RESULTS Cost of personnel (Thousand of Euro) -452 -5% Cost of personnel changes: ▪ capitalized cost of personnel: - Euro 0,9 mln ▪ other: + Euro 0,4 mln Companies consolidated with full consolidation method 13
Slide 14: Capex
Capex 6M 2021 CONSOLIDATED RESULTS Capex (*) (Thousand of Euro) +7.002 +45% ▪ Gas distribution systems: Euro 15,7 mln 22.576 (**) ▪ Gas meters: Euro 5,9 mln ▪ Investments in hardware and 15.575 software: Euro 0,4 mln ▪ Other: Euro 0,5 mln 6M 2021 6M 2020 (*) Excluding network extension in new urbani
Slide 15: Net financial position and cash flow (1)
Net financial position and cash flow (1) 6M 2021 CONSOLIDATED RESULTS Net financial position and cash flow (Thousand of Euro) +20.670 -6% (*) (**) (***) (*) Cash flow = net income + amortizations and depreciation; (**) Net investments in tangible and intangible assets; (***) Purchase of own shares:
Slide 16: Net financial position and cash flow (2)
Net financial position and cash flow (2) 6M 2021 CONSOLIDATED RESULTS (Thousand of Euro) (*) 30/06/2021 31/12/2020 Chg Chg % Long term financial borrowings (>12 months) 174.301 195.999 (21.698) -11% Current position of long term financial borrowings 43.383 40.024 3.359 +8% Short term financial borro
Slide 17: Estenergy
Contents 6M 2021 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy → Financial highlights Disclaimer Estenergy 17
Slide 18: Estenergy Financial highlights
Financial highlights 6M 2021 CONSOLIDATED RESULTS Income statement (*) Balance sheet (*) (Thousand of Euro) 6M 2021 6M 2020 (Thousand of Euro) 30/06/2021 31/12/2020 Tangible assets 1.731 1.812 Revenues 212.830 191.006 Non tangible assets 317.100 314.141 Investments in associates 8.230 8.424 (Purchas
Slide 19: Disclaimer
Contents 6M 2021 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy Disclaimer Disclaimer 19
Slide 20: Disclaimer
Disclaimer 6M 2021 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