Slide 1: Presentation for the Board of Directors' Report on the Company's Business Activities
CLEAN ENERGY OF TOMORROW Annex 1 to the material: Board of Directors’ Report on the Company’s Business Activities Presentation for the Board of Directors’ Report on the Company’s Business Activities Prepared on May 13, 2024 www.cez.cz 0
Slide 2: Stabilization of commodity prices; electricity prices fell to 2021 level
Over the last year, there was a significant stabilization of commodity prices and electricity prices fell to the 2021 price level Electricity price development in Czechia (EUR/MWh) The sharp increase in electricity prices in 2022 was caused by the rise in gas 300 average FW prices for the period p
Slide 3: Overall financial results and realized prices of 2023 generation
Overall financial results and realized prices of 2023 generation Key financial results and indicators Extraordinary taxation in 2023 Operating revenues increased by 18% year over year to CZK 340.6 bn. Levy on revenues above price caps EBITDA decreased by 5% year over year to CZK 124.8 bn. from
Slide 4: CEZ Group's overall operating results
CEZ Group’s overall operating results Electricity generation (TWh) 2022 2023 Diff % 54.3 2.5 51.5 Electricity generation TWh 54.3 51.5 -2.9 -5% 2.0 Electricity distribution* TWh 35.1 33.8 -1.2 -4% -18% Generation from gas Sales of electricity* TWh 22.5 24.0 +1.5 +7% 17.5 15.4 Gas distribution* TWh 0
Slide 5: Strategy pillar I: Transform the generation portfolio into a low-emission one
Strategy pillar I: Transform the generation portfolio into a low-emission one and reach climate neutrality 2023: Meeting Targets and Selected Events Nuclear facility generation reached 30.4 TWh – it exceeded 30 TWh for the fifth consecutive year. Emission intensity of heat and power generation of
Slide 6: The tender for the new nuclear unit in Dukovany is entering its final phase
The tender for the new nuclear unit in Dukovany is entering its final phase In October 2023, the company Elektrárna Dukovany II received bids for the construction of the NNPP in Dukovany from three bidders. Bids were submitted by the French company EDF, the South Korean company KHNP and the US-Can
Slide 7: Strategy pillar II: Provide the best energy solutions and customer experience
Strategy pillar II: Provide the best energy solutions and the best customer experience on the market 2023: Meeting Targets and Selected Events 51,422 PV power plants with a capacity of 609 MW were connected to the ČEZ Distribuce grid (3.4 times more y-o-y) The digitalization of contacts with cus
Slide 8: ČEZ concluded a contract for the purchase of a 55% stake in GasNet's owner
ČEZ concluded a contract for the purchase of a 55% stake in the company that owns GasNet – the largest gas distributor in Czechia Basic parameters of the contract On March 20, 2024, ČEZ signed an agreement to purchase a 55.21% stake in Luxembourg based company Czech Gas Networks, S.à r.l., which is
Slide 9: We fulfilled the main ESG strategic goal to rank among the top 20% in 2023
We fulfilled the main ESG strategic goal announced in 2021 to rank among the top 20% in 2023 Development of ČEZ’s ESG ranking since the 2023: Meeting Targets and Selected Events announcement of VISION 2030 (in May 2021) SBTi (Science Based Target initiative) validated ČEZ’s commitment to reduce MS
Slide 10: Economic outlook for 2024
Economic outlook for 2024 EBITDA (CZK bn) Main year-over-year effects on EBITDA – Lower expected income from commodity trading (CZK -8 to -4 bn) due to the achievement of the 2nd highest profit in history (CZK +9.4 bn) in 2023 – Lower sales for ancillary services and higher purchase prices of emissi
Slide 11: The initial financial target of VISION 2030 will be achieved
The initial financial target of VISION 2030 – increase EBITDA by 35% compared to 2021 – will be achieved despite inflationary pressures EBITDA of CEZ Group (CZK bn) ~ +40% 105-115 Effect of hedging contracts in generation** GENERATION low-emission sources 24% 80-90 GENERATION from emission generatin