Slide 1: EVN conference call Q. 1-3 2023/24 results
EVN conference call Q. 1-3 2023/24 results 29 August 2024
Slide 2: Highlights Q. 1-3 2023/24
Highlights Q. 1-3 2023/24 Solid business development in Q. 1-3 2023/24 − Significantly mild weather conditions in all three markets − Changes in consumer behaviour including a shift towards prosumers − Decline in wholesale prices for electricity and energy carriers compared to high level in prior
Slide 3: Key financials Q. 1-3 2023/24
Key financials Q. 1-3 2023/24 Q. 1-3 2023/24 +/– • Decline in revenue EURm % Revenue 2,500.6 -13.9 − Declining wholesale prices EBITDA 657.9 9.3 Depreciation and amortisation -257.7 -5.4 − Reduced use of natural gas-fired power plant Theiss Effects from impairment tests -0.3 - − Negative price and v
Slide 4: Solid balance sheet structure
Solid balance sheet structure Strong balance sheet is the basis for EVN’s ambitious investment programme Net debt decreased compared to the level of balance sheet date 30.09.2023, but is expected to increase again by financial year end due to high volume of investments EVN’s goal is to maintai
Slide 5: Energy
Energy Sales volumes to Q. 1-3 2023/24 +/– • Drop in electricity, natural gas and heat sales end customers GWh % volumes Electricity1) 4,853 -17.9 − Significantly warmer temperatures y-o-y Natural gas1) 2,788 -29.6 Heat 1,654 -10.3 − Demanding framework conditions for sales company EVN KG: growing c
Slide 6: Renewable generation
Renewable generation Q. 1-3 2023/24 +/– • Electricity generation above prior year level Electricity generation volumes GWh % Total 2,022 14.3 − Y-o-y increase in renewable energy generation driven by good Renewable energy sources 1,845 24.4 wind and water conditions combined with capacity expansion
Slide 7: Networks
Networks Network distribution Q. 1-3 2023/24 +/– • Decline in electricity and natural gas network volumes GWh % sales volumes Electricity 5,904 -2.2 − Warmer temperatures y-o-y Natural gas1) 9,523 -8.4 − Changing consumer behaviour: consumers‘ energy saving efforts and expansion of customer-operated
Slide 8: South East Europe
South East Europe Key energy business Q. 1-3 2023/24 +/– • Electricity generation volumes lower y-o-y indicators GWh % − Water flows in North Macedonia above long-term average but below Electricity generation volumes 344 -8.4 Network distribution volumes 10,599 1.2 prior year Electricity sales volum
Slide 9: Environment
Environment Q. 1-3 2023/24 +/– • Decrease in EBITDA, EBIT and result before Financial performance EURm % income tax Revenue 296.7 -18.6 EBITDA 22.2 -49.8 − Completion of wastewater treatment plant in Kuwait as main EBIT 4.6 -77.3 impact for decline in revenue and operating expenses Financial results
Slide 10: Cash flows
Cash flows Q. 1-3 2023/24 +/– • Rise in CF from operating activities EURm in % -5.7 − Working Capital related increase Gross cash flow 890.0 Net cash flow from operating activities 829.1 - − Liquidity settlement for EVN KG and related capital commitment Net cash flow from investing activities -312.8
Slide 11: Outlook for 2023/24 financial year
Outlook for 2023/24 financial year Group net result for 2023/24 is expected to be at the upper part of the previously communicated range of EUR 420m to EUR 460m based on the development of the operating business − Under the assumption of a stable regulatory and energy policy environment EVN’s di
Slide 12: Appendix
EVN Appendix
Slide 13: Remuneration structure of EVN's wind portfolio
Remuneration structure of EVN‘s wind portfolio Market premiums (floor) − Range from EUR 70-85 per MWh − Tenor of support scheme: 20 years Fixed feed-in tariffs − Range from EUR 81-95 per MWh − Tenor of support scheme: 13 years Merchant − 12-18 months rolling-forward hedging for ~80% of planned produ
Slide 14: Regulated business in Austria
Regulated business in Austria Network Electricity Natural gas Comments Regulatory authority Start of the regulatory period 01.01.2024 01.01.2023 Next regulatory adjustment 01.01.2029 01.01.2028 Adjustment of WACC and productivity factors Duration of the regulatory period 5 years 5 years Regulatory m
Slide 15: Segment outlook for 2023/24
Segment outlook for 2023/24 Adjusted 0utlook Segments 0utlook Comments 2023/24 2023/24 Segment outlook adjusted: – The write-down of natural gas inventories and the challenging framework conditions will have a Energy negative impact on the sales company EVN KG – The return to a positive earnings
Slide 16: Contact details
Contact details • Stefan Szyszkowitz, CEO • Information on the internet − www.evn.at • IR contact partners: − www.investor.evn.at − Karin Krammer − www.responsibility.evn.at − Doris Lohwasser − Matthias Neumüller • Headquarters of EVN AG − Gerald Reidinger − EVN Platz 2344 Maria Enzersdorf • IR cont
Slide 17: 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 expectations