Slide 1: 6M 2024 Consolidated Results
6M 2024 CONSOLIDATED RESULTS Gruppo Ascopiave 6M 2024 CONSOLIDATED RESULTS Conference Call Pieve di Soligo, 30th July 2024 Gruppo 1
Slide 2: Contents
Contents 6M 2024 CONSOLIDATED RESULTS Financial highlights ……………………………………………………………………………………………………………………….……………………………………… Pag. 3 Companies consolidated with full consolidation method …………………………………………………………….. Pag. 7 Estenergy …………………………………………………………………………………………………………………………………………………………………………………….… Pag.
Slide 3: Contents: Financial highlights
Contents 6M 2024 CONSOLIDATED RESULTS Financial highlights → Ascopiave Group structure as of 30th June 2024 → 6M 2024 consolidated income statement → Consolidated balance sheet as of 30th June 2024 Companies consolidated with full consolidation method Estenergy Disclaimer Financial highlights 3
Slide 4: Ascopiave Group structure as of 30th June 2024
Ascopiave Group structure as of 30th June 2024 6M 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 management
Slide 5: 6M 2024 consolidated income statement
6M 2024 consolidated income statement 6M 2024 CONSOLIDATED RESULTS (Thousand of Euro) 6M 2024 6M 2023 Chg Chg % Revenues 99.091 83.897 15.194 +18% (Purchase costs for other raw materials) (1.082) (989) (94) +9% (Costs for services) (25.830) (24.848) (982) +4% (Costs for personnel) (10.448) (11.216)
Slide 6: Consolidated balance sheet as of 30th June 2024
Consolidated balance sheet as of 30th June 2024 6M 2024 CONSOLIDATED RESULTS (Thousand of Euro) 30/06/2024 31/12/2023 Chg Chg % Tangible assets (*) 155.405 156.475 (1.069) -1% Non tangible assets (*) 773.885 766.353 7.531 +1% Investments in associates (**) 305.010 308.331 (3.321) -1% Other fixed ass
Slide 7: Contents: Companies consolidated with full consolidation method
Contents 6M 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 6M 2024 CONSOLIDATED RESULTS Number of gas distribution users Volumes of gas distributed (Million of standard cubic meters) -2.695 +2,5 -0% +0% 871.681 874.376 816,0 813,5 30/06/2024 31/12/2023 6M 2024 6M 2023 Companies consolidated with full consolidation method 8
Slide 9: Operating data – renewable energies
Operating data – renewable energies 6M 2024 CONSOLIDATED RESULTS Volumes of electricity produced (GWh) +55,3 +78% 126,5 71,2 6M 2024 6M 2023 Companies consolidated with full consolidation method 9
Slide 10: Revenues bridge
Revenues bridge 6M 2024 CONSOLIDATED RESULTS Revenues bridge (Thousand of Euro) +15.194 +18% 7.677 261 8.521 1.265 99.091 83.897 6M 2023 Gas distribution Revenues Revenues from Other revenues 6M 2024 tariff revenues from RES energy (*) efficiency certificates (*) Tariff revenues include the tariff c
Slide 11: EBIT bridge
EBIT bridge 6M 2024 CONSOLIDATED RESULTS EBIT bridge (Thousand of Euro) +9.213 +64% 7.677 1.315 8.521 5.670 23.711 14.498 6M 2023 Gas distribution Revenues Depreciations Other net 6M 2024 tariff revenues from RES and operating costs amortizations (*) (*) Further details on page 13 of the current pre
Slide 12: Gas distribution tariff revenues and revenues from RES
Gas distribution tariff revenues and revenues from RES 6M 2024 CONSOLIDATED RESULTS Gas distribution tariff revenues (Thousand of Euro) (*) 6M 2024 6M 2023 Chg Chg % Gas distribution tariff revenues 68.560 60.039 8.521 +14% Gas distribution tariff revenues 68.560 60.039 8.521 +14% Increase of gas di
Slide 13: Other net operating costs
Other net operating costs 6M 2024 CONSOLIDATED RESULTS (Thousand of Euro) 6M 2024 6M 2023 Chg Chg % Other revenues 14.004 15.008 (1.004) -7% Other costs of raw materials and services (39.123) (33.689) (5.434) +16% Cost of personnel (10.448) (11.216) 768 -7% Other net operating costs (35.567) (29.897
Slide 14: Personnel (1)
Personnel (1) 6M 2024 CONSOLIDATED RESULTS Number of employees -8 -2% 495 503 30/06/2024 31/12/2023 Companies consolidated with full consolidation method 14
Slide 15: Personnel (2)
Personnel (2) 6M 2024 CONSOLIDATED RESULTS Cost of personnel (Thousand of Euro) -768 -7% 313 455 Cost of personnel changes: ▪ capitalized cost of personnel: 11.216 10.448 - Euro 0.3 mln ▪ other: - Euro 0.5 mln 6M 2023 Capitalized cost of Other changes 6M 2024 personnel Companies consolidated with fu
Slide 16: Capex
Capex 6M 2024 CONSOLIDATED RESULTS Capex (*) (Thousand of Euro) -1.647 -5% ▪ Gas distribution systems: Euro 20.9 mln ▪ Gas meters: Euro 6.5 mln ▪ Investments in renewable 32.527 34.174 energies: Euro 3.9 mln ▪ Investments in hardware and software: Euro 0.4 mln ▪ Other: Euro 0.9 mln 6M 2024 6M 2023 (
Slide 17: Net financial position and cash flow (1)
Net financial position and cash flow (1) 6M 2024 CONSOLIDATED RESULTS Net financial position and cash flow (Thousand of Euro) 30.319 32.527 1.093 12.430 35.267 389.363 405.605 +16.242 +4% 31/12/2023 Cash flow Capex Change in NWC Dividends received Change in 30/06/2024 (*) (**) shareholders' equity (
Slide 18: Net financial position and cash flow (2)
Net financial position and cash flow (2) 6M 2024 CONSOLIDATED RESULTS (Thousand of Euro) (*) 30/06/2024 31/12/2023 Chg Chg % Long term financial borrowings 202.839 204.064 (1.225) -1% Current position of long term financial borrowings 80.698 80.642 56 +0% Long term bond loans 78.559 86.347 (7.788) -
Slide 19: Estenergy
Contents 6M 2024 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy → Financial highlights Disclaimer Estenergy 19
Slide 20: Estenergy Financial highlights
Financial highlights 6M 2024 CONSOLIDATED RESULTS Income statement (*) Balance sheet (*) (Thousand of Euro) 6M 2024 6M 2023 (Thousand of Euro) 30/06/2024 31/12/2023 Tangible assets 5.514 5.522 Revenues 598.500 623.055 Non tangible assets 622.007 627.170 Investments in associates 17.446 17.704 (Purch
Slide 21: Disclaimer
Contents 6M 2024 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy Disclaimer Disclaimer 21
Slide 22: Disclaimer
Disclaimer 6M 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