Edison Spa · MIL:EDNR
Edison Spa — 9M2023 Earnings Presentation
8 slides from Edison Spa's earnings presentation, Nov 7, 2023
Slide 1: 9M2023 Results
9M2023 Results Milan, 07 November 2023
Slide 2: Edison Q3 2023 YTD results: solid operating performance with EBITDA at 1,267 M€ (+35%); Profit at 486 M€
Edison Q3 2023 YTD results: solid operating performance with EBITDA at 1,267 M€ (+35%); Profit at 486 M€. REVENUES at 14.1 B€ Strong contribution of DUE MAINLY TO LOWER renewable activities mainly GAS PRICES AND VOLUMES thanks to partial recovery of EBITDA +35% hydro generation volumes. Positive imp
Slide 3: POWER – Reduction in thermal generation volumes more than offset by higher renewables production
POWER – Reduction in thermal generation volumes more than offset by higher renewables production and other purchases (TWh) SOURCES USES 27,9 +2.2% 27,3 27,9 +2.2% 27,3 -4% at 232,5 TWh 0,52 +7.5% 0,48 0,52 +7.5% 0,48 10,2 13,5 12,2 10,8 +14.8% Net import +10.4% (4.9%) +6.3% Other RES prod. 1,5 +5.7%
Slide 4: GAS – Decrease in gas sales mainly linked to thermal generation and residential uses
GAS – Decrease in gas sales mainly linked to thermal generation and residential uses. Zero exposure to import from Russia. (bcm) SOURCES USES -11.4% at 45,5 bcm (30.1%) 15,7 (30.1%) 15,7 Grid +50.4% consumption and 6,2 losses 5,3 11,0 11,0 (29.9%) 1,5 -6.9% Industrial uses (71.7%) 4,3 3,9 -13.2% Res
Slide 5: Solid YTD operating performance in 2023 with EBITDA up 35%
Solid YTD operating performance in 2023 with EBITDA up 35% (M€) EBITDA Δ EBITDA MAIN DRIVERS ▲ Significant gas portfolio optimization actions which mitigated the strong negative 20 impact of delayed LNG deliveries from US. 1,267 +35% 938 499 ▲ Consolidation of Edison Next’s performance in energy and
Slide 6: Profit at 486 M€ compared to 265 M€ in 2022, which was adversely affected
Profit at 486 M€ compared to 265 M€ in 2022, which was adversely affected by «Extra Profitti» decrees. (M€) GROUP INTEREST IN PROFIT +83.4% (*) 486 265 9M2022 9M2023 Adversely affected by Extraprofitti decrees (*) Net expenses attributable to remediation activities at former Montedison sites 6
Slide 7: Financial debt at credit of 117 M€. Decrease in Net Debt driven by significant cash-flows
Financial debt at credit of 117 M€. Decrease in Net Debt driven by significant cash-flows from operations (M€) NET DEBT (1 ) Investments mainly related to: • Energy and environmental services (80 M€) and related acquisition (17 M€) • Thermal generation (34 M€) • Generation from renewables (26 M€) an
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