Evn Ag · VIE:EVN

Evn — FY 2020/21 Earnings Presentation

14 slides from Evn's earnings presentation, Dec 16, 2021

  1. Slide 1: EVN conference call FY 2020/21 results

    EVN conference call FY 2020/21 results 16 December 2021

  2. Slide 2: Highlights FY 2020/21

    Highlights FY 2020/21  Group net result above previous year: EUR 325.3m − Solid operating performance − Non-cash, non-recurring effects from revaluations to previously impaired equity accounted investees (Verbund Innkraftwerke and Ashta hydropower plant)  Increased attractiveness for ESG investors

  3. Slide 3: Key financials FY 2020/21

    Key financials FY 2020/21 FY 2020/21 +/– EURm %  Improvement in revenue Revenue 2,394.9 13.6 − Higher temperature-related network sales EBITDA 836.5 41.7 volumes Depreciation and amortisation -337.7 -13.8 Effects from impairment tests -112.4 – − Increase in energy sales in South East Europe EBIT 38

  4. Slide 4: Solid balance sheet structure

    Solid balance sheet structure  Strong balance sheet as basis for increased investment programme in the coming years (annually up to EUR 500m)  Committed, undrawn credit facilities in the amount of EUR 552m as of 30.09.2021 Conference call FY 2020/21 results 4

  5. Slide 5: EBITDA development by segments

    EBITDA development by segments Generation Energy Networks South East Europe Environment  Revaluations to  Improvement in  Positive price and  Rising energy  Increase due to previously impaired operating earnings and volume effects procurement costs wastewater treatment equity accounted valuatio

  6. Slide 6: Generation

    Generation FY 2020/21 +/– Electricity generation volumes GWh %  Increase in electricity generation Total 3,314 7.5 − Above-average water flows offset decline in Renewable energy sources 1,921 1.7 Thermal energy sources 1,393 16.6 wind flows − Thermal generation above low prior year FY 2020/21 +/– l

  7. Slide 7: Energy

    Energy Sales volumes to FY 2020/21 +/– end customers GWh %  Increase in energy sales volumes Electricity 8,717 3.0 − Colder temperatures Natural gas 5,259 8.7 Heat 2,342 10.9 − Normalisation of demand after the corona- related decline in the previous year FY 2020/21 +/–  EBITDA and EBIT above prev

  8. Slide 8: Networks

    Networks Network distribution FY 2020/21 +/– volumes GWh %  Increase in network sales volumes Electricity 8,789 4.5 − Previous year influenced by weaker demand 1) Natural gas 15,871 6.0 due to Covid-19 − Temperature-related increase in natural gas FY 2020/21 +/– network sales volumes Financial perf

  9. Slide 9: South East Europe

    South East Europe Key energy business FY 2020/21 +/– indicators GWh %  Increase in energy sales and Electricity generation volumes 386 -3.3 network sales volumes Network distribution volumes 14,468 5.3 Electricity sales volumes 11,490 1.2 − Colder temperature and recovery of Heat sales volumes 203

  10. Slide 10: Environment

    Environment FY 2020/21 +/– Financial performance EURm %  Improvement in revenue, EBITDA Revenue 405.5 94.8 and EBIT EBITDA 64.0 – EBIT 26.5 – − Positive development of international Financial results -10.1 -71.6 project business, mainly due to start of Result before income tax 16.4 – Kuwait wastewa

  11. Slide 11: Cash flows

    Cash flows FY 2020/21 +/– EURm in %  Gross cash flow Gross cash flow 762.3 53.3 − Takeover of electricity procurement right Net cash flow from operating activities 789.6 91.6 Net cash flow from investing activities -754.3 -76.0 Net cash flow from financing activities -53.0 40.3  CF from operating

  12. Slide 12: Outlook for 2021/22

    Outlook for 2021/22  Group net result for 2021/22 is expected to range from approximately EUR 200m to EUR 240m − Stronger or longer distortions on the energy markets could have a negative impact on expected earnings  Key messages of EVN’s equity story − Increased attractiveness for ESG investors (

  13. Slide 13: 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 − Karin Krammer  Headquarters of EVN AG − Doris Lohwasser (maternity leave) − EVN Platz 2344 Maria En

  14. Slide 14: 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

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