S.p.e.e.h. Hidroelectrica S.a. · BVB:H2O
S.p.e.e.h. Hidroelectrica — Hidroelectrica — 9M 2023 Earnings Presentation
15 slides from S.p.e.e.h. Hidroelectrica's earnings presentation, Nov 15, 2023
Slide 1: #1 Power Producer in Romania and One of the Largest European Hydro Companies
#1 Power Producer in Romania and One of the Largest European Hydro Companies 9M 2023 Key Financials Update 15 November 2023
Slide 2: Disclaimer
Disclaimer THIS DOCUMENT IS NOT AN OFFER OR AN INVITATION TO BUY OR SELL SECURITIES. IMPORTANT: Please read the following before continuing. This document has been prepared by S.P.E.E.H. HIDROELECTRICA S.A. (the “Company”) and relates to the Company and its subsidiary (together, the “Group”) and the
Slide 3: Presenters: Hidroelectrica Management Board
Presenters Hidroelectrica Management Board Karoly Borbely Marian Fetița CEO / President of the Management Board CFO / Member of the Management Board Bogdan Badea Radu Constantin Ianăș Rădoi CIO / Member of the Management Board CAO / Member of the Management Board COO / Member of the Management Board
Slide 4: Hidroelectrica at a Glance
Hidroelectrica at a Glance #1 Electricity Producer in Romania with 100% Renewable Energy Portfolio of Scale Strong Financial and Operational Performance Adj. EBITDA(8) (RON MM) #1 electricity 69.6% 74.5% 63.6% 67.0% 68.9% generation player ~29% ~95% 15.5 TWh in Romania of electricity of Romanian ave
Slide 5: Clear Strategy with Focus on Operational Efficiencies, Growth and Shareholder Returns
Clear Strategy with Focus on Operational Efficiencies, Growth and Shareholder Returns Operational Efficiency Diversified Growth Prudent Financial Strategy Executing Organic Diversifying into Growing Share in the Maximising Cash Optimising Existing Hydroelectric Adjacent Renewable Romanian Energy Gen
Slide 6: Hidroelectrica 9M 2023 Key Financials Update
01 Hidroelectrica 9M 2023 Key Financials Update Bogdan Badea – CEO / President of the Executive Board
Slide 7: Strong Revenue Increase Underpinned by Steep Recovery in Production Figures
Strong Revenue Increase Underpinned by Steep Recovery in Production Figures Revenue Highlights Revenue (RON MM) 1 Strong revenue growth mainly driven by higher total energy sold (+c.42%) in 9M 9,555 0 2023 (15,416 GWh) compared to 9M 2022 245 1 (10,823 GWh) for both generation and 2,076 (4) (19) (0)
Slide 8: Increasing Volumes Sold Reflect Robust Growth in Both Generation and Supply Segments
Increasing Volumes Sold Reflect Hidroelectrica’s Robust Growth in Both Generation and Supply Segments Total Energy Sold Highlights Total Energy Sold (GWh) 1 Hidroelectrica’s total energy produced in 2,037 15,416 9M 2023 period was 14,101 GWh (+c.38% from 9M 2022) and total energy sold reached 15,416
Slide 9: Increase in Adj. EBITDA Driven by Higher Net Income Contribution
Increase in Adj. EBITDA Driven by Higher Net Income Contribution as a Result of Positive Fundamentals in the Romanian Power Market Adjusted EBITDA Highlights Adjusted EBITDA (RON MM) Adjusted EBITDA Breakdown (RON MM) Net Income increased by 1 RON1,537m (+c.42%) in 9M 23 9M 22 9M 23 compared to 9M 2
Slide 10: Revenue Build-up
Revenue Build-up 9M 23 9M 22 Variation Total Production GWh 14.101 10.253 38% External Acquisitions GWh 1.316 570 Generation Energy Sold GWh 15.416 10.823 42% Balancing GWh (242) (442) Sales to Supply GWh (4.671) (2.634) -77% Generation Energy Sold GWh 10.503 7.748 36% OPCOM Price RON / MWh 497 540
Slide 11: Electricity Production Forecast
Electricity Production Forecast Electricity Production for the last 10 years. Forecast for the last three months of 2023 Highlights (TWh) Electricity Production (TWh) Related to the current-year forecast for Hidroelectrica's 18.5 total electricity production, 17.6 17.2 16.9 17.3 16.1 taking into acc
Slide 12: Stable Cost Structure and a Cost-Efficient Organisation
Stable Cost Structure and a Cost-Efficient Organisation Operating Expenses Highlights Operating Expenses (RON MM) % of Revenues 45% 41% 38% Variation 9M 23 Increase turbinated water expenses FY 22 9M 22 9M 23 1 vs 9M 22 from 9M 22 to 9M 23 mainly due to the increase of the volumes of the energy Empl
Slide 13: Trading Receivables
Trading Receivables Wholesale and Retail Revenues Wholesale and Retail Receivables Supply Clients (consumptions sites) (RON MM) (RON MM) (Numbers) 3,343 3,117 565,050 11,458 34,200 2,427 9,110 1,446 4,224 2,105 2,149 277,382 1,428 1,811 530,850 20,843 768 611 1,383 6,961 7,233 256,539 192 168 136 34
Slide 14: Stable and Robust Operating Cash Flows
Stable and Robust Operating Cash Flows Attributed to Strong Market Position in Both Power Generation and Supply Businesses Operating Cash Flow Highlights Operating Cash Flow (RON MM) 1 Net Income increased +c.42% from 9M 22 to 9M 23, underpinned by improved 1.537 32 (72) (1.253) hydrology combined w
Slide 15: Q&A session
End Presentation Q&A session