Slide 1: EVN conference call Q. 1 2019/20 results
EVN conference call Q. 1 2019/20 results 27 February 2020
Slide 2: Highlights Q. 1 2019/20
Highlights Q. 1 2019/20 Solid business development in line with expectations − EBITDA (+16.8%), EBIT (+21.9%) and Group net result (+40.3%) Recovery of EVN KG − Normalisation of the operating business in energy sales − Lower effects from the valuation of hedges Networks Segment negatively affected b
Slide 3: Wastewater treatment project Umm Al Haymann (Kuwait)
Wastewater treatment project Umm Al Haymann (Kuwait) Wastewater treatment plant (PPP) − Capacity: 500,000 m3/d (~1.7m people) − EPC contractor: WTE (100%) − Contract value: ~EUR 600m − Construction period: 2.5 years − Financing: equity1) (20%), bank debt (80%) Layout of wastewater treatment plant Se
Slide 4: Key financials Q. 1 2019/20
Key financials Q. 1 2019/20 Q. 1 2019/20 +/– Different developments in revenue EURm % Revenue 576.2 -3.3 − Positive trend from South East Europe and EBITDA 190.6 16.8 international project business Depreciation and amortisation -71.6 -9.2 Effects from impairment tests -0.1 31.7 − Decline in thermal
Slide 5: Solid balance sheet structure
Solid balance sheet structure EVN has a net debt level of ~EUR 1bn (subject to seasonal fluctuations) Increase in Q. 1 2019/20 includes effect of EUR 69.7m in connection with initial application of IFRS 16 Gearing increased from 22.0% to 25.4% Conference call Q. 1 2019/20 results 5
Slide 6: EBITDA development by segments
EBITDA development by segments Generation Energy Networks South East Europe Environment Electricity generation Decline in marketing of Negative volume and Sound operating Y-o-y comparison below previous year own generation tariff effects performance influenced by positive Recovery of sales one-off e
Slide 7: Generation
Generation Q. 1 2019/20 +/– Electricity generation volumes GWh % Decline in electricity generation Total 913 -32.3 − Increase in renewable generation (additional Renewable energy sources 461 8.0 Thermal energy sources 452 -51.0 wind capacity and y-o-y increase in water flows) Q. 1 2019/20 +/– − Lowe
Slide 8: Energy
Energy Sales volumes to Q. 1 2019/20 +/– end customers GWh % Different development of energy Electricity 2,114 10.4 sales volumes Natural gas 1,691 -1.9 Heat 646 0.6 − Increase in electricity sales volumes due to higher supplies to large customers Q. 1 2019/20 +/– − Competition-related decline in na
Slide 9: Networks
Networks Network distribution Q. 1 2019/20 +/– volumes GWh % Different development of network Electricity 2,284 0.9 distribution volumes 1) Natural gas 4,898 -8.1 − Slight rise for electricity − Decline in natural gas due to lower use of Q. 1 2019/20 +/– Financial performance EURm % thermal power pl
Slide 10: South East Europe
South East Europe Key energy business Q. 1 2019/20 +/– indicators GWh % Network and energy sales Electricity generation volumes 101 -4.3 volumes declined y-o-y Network distribution volumes 3,483 -5.3 Electricity sales volumes 2,940 -5.3 − Significantly milder temperatures Heat sales volumes 61 -17.8
Slide 11: Environment
Environment Q. 1 2019/20 +/– Financial performance EURm % Higher revenue y-o-y Revenue 36.9 82.5 − Positive development of international EBITDA 5.5 -33.8 project business EBIT 2.5 -55.0 Financial results -1.1 1.5 EBITDA and EBIT below prior year Result before income tax 1.4 -69.1 − Operating expense
Slide 12: Cash flows
Cash flows Q. 1 2019/20 +/– EURm in % CF from operating activities Gross cash flow 140.7 -29.9 − Lower dividends from equity accounted Net cash flow from operating activities -28.9 – Net cash flow from investing activities -10.7 62.9 investees Net cash flow from financing activities -50.8 -42.3 Net
Slide 13: Outlook for 2019/20 confirmed
Outlook for 2019/20 confirmed Group net result for 2019/20 is expected to range from EUR 200m to EUR 230m − Assuming average conditions in the energy business environment Investment strategy − Approximately EUR 400m p.a. over the next financial years − Thereof approximately EUR 300m will be directed
Slide 14: Contact details
Contact details Stefan Szyszkowitz, CEO Information on the internet − www.evn.at IR contact partners: − www.investor.evn.at − Gerald Reidinger − www.responsibility.evn.at − Matthias Neumüller − Doris Lohwasser Headquarters of EVN AG − EVN Platz 2344 Maria Enzersdorf IR contact details − E-mail: inve
Slide 15: Disclaimer
Disclaimer Certain statements made in this presentation may constitute „Forward-Looking Statements” within the meaning of the U.S. federal securities law. Forward- looking information is subject to various known and unknown risks and uncertainties. These include statements concerning our expectation