Slide 1: 3M 2024 Consolidated Results Conference Call
3M 2024 CONSOLIDATED RESULTS Gruppo Ascopiave 3M 2024 CONSOLIDATED RESULTS Conference Call Pieve di Soligo, 9th May 2024 Gruppo 1
Slide 2: Contents
Contents 3M 2024 CONSOLIDATED RESULTS Financial highlights ……………………………………………………………………………………………………………………….……………………………………… Pag. 3 Companies consolidated with full consolidation method …………………………………………………………….. Pag. 7 Estenergy …………………………………………………………………………………………………………………………………………………………………………………….… Pag.
Slide 3: Contents: Financial highlights
Contents 3M 2024 CONSOLIDATED RESULTS Financial highlights → Ascopiave Group structure as of 31st March 2024 → 3M 2024 consolidated income statement → Consolidated balance sheet as of 31st March 2024 Companies consolidated with full consolidation method Estenergy Disclaimer Financial highlights 3
Slide 4: Ascopiave Group structure as of 31st March 2024
Ascopiave Group structure as of 31st March 2024 3M 2024 CONSOLIDATED RESULTS 100% 25% 100% 51% 100% 49% 100% 84.17% 100% 100% ASCO RENEWABLES 100% 100% Salinella Eolico 100% 90% Green Factory 100% 3% 18.33% 5% 11.35% Corporate services to subsidiaries and associates Gas distribution Water management
Slide 5: 3M 2024 consolidated income statement
3M 2024 consolidated income statement 3M 2024 CONSOLIDATED RESULTS (Thousand of Euro) 3M 2024 3M 2023 Chg Chg % Revenues 47,440 40,719 6,721 +17% (Purchase costs for other raw materials) (787) (803) 16 -2% (Costs for services) (11,931) (11,929) (2) +0% (Costs for personnel) (5,112) (5,377) 266 -5% (
Slide 6: Consolidated balance sheet as of 31st March 2024
Consolidated balance sheet as of 31st March 2024 3M 2024 CONSOLIDATED RESULTS (Thousand of Euro) 31/03/2024 31/12/2023 Chg Chg % Tangible assets (*) 154,668 156,475 (1,807) -1% Non tangible assets (*) 770,343 766,353 3,989 +1% Investments in associates (**) 311,840 308,331 3,510 +1% Other fixed asse
Slide 7: Companies consolidated with full consolidation method
Contents 3M 2024 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method → Operating data → Revenues bridge → EBIT bridge → Gas distribution tariff revenues and revenues from RES → Other net operating costs → Personnel → Capex → Net financial position and cash
Slide 8: Operating data – gas distribution
Operating data – gas distribution 3M 2024 CONSOLIDATED RESULTS Number of gas distribution users Volumes of gas distributed (Million of standard cubic meters) -1,585 +5.0 -0% +1% 872,791 874,376 596.6 591.6 31/03/2024 31/12/2023 3M 2024 3M 2023 Companies consolidated with full consolidation method 8
Slide 9: Operating data – renewable energies
Operating data – renewable energies 3M 2024 CONSOLIDATED RESULTS Volumes of electricity produced (GWh) +27.6 +137% 47.6 20.0 3M 2024 3M 2023 Companies consolidated with full consolidation method 9
Slide 10: Revenues bridge
Revenues bridge 3M 2024 CONSOLIDATED RESULTS Revenues bridge (Thousand of Euro) +6,721 +17% 3,743 141 4,053 1,216 47,440 40,719 3M 2023 Gas distribution Revenues Revenues from Other revenues 3M 2024 tariff revenues from RES energy (*) efficiency certificates (*) Tariff revenues include the tariff co
Slide 11: EBIT bridge
EBIT bridge 3M 2024 CONSOLIDATED RESULTS EBIT bridge (Thousand of Euro) +2,497 +30% 3,743 567 4,053 4,732 10,875 8,378 3M 2023 Gas distribution Revenues Depreciations Other net 3M 2024 tariff revenues from RES and operating costs amortizations (*) (*) Further details on page 13 of the current presen
Slide 12: Gas distribution tariff revenues and revenues from RES
Gas distribution tariff revenues and revenues from RES 3M 2024 CONSOLIDATED RESULTS Gas distribution tariff revenues (Thousand of Euro) (*) 3M 2024 3M 2023 Chg Chg % Gas distribution tariff revenues 33,806 29,753 4,053 +14% Gas distribution tariff revenues 33,806 29,753 4,053 +14% Increase of gas di
Slide 13: Other net operating costs
Other net operating costs 3M 2024 CONSOLIDATED RESULTS (Thousand of Euro) 3M 2024 3M 2023 Chg Chg % Other revenues 7,076 8,152 (1,075) -13% Other costs of raw materials and services (18,599) (14,677) (3,922) +27% Cost of personnel (5,112) (5,377) 266 -5% Other net operating costs (16,634) (11,902) (
Slide 14: Personnel (1)
Personnel (1) 3M 2024 CONSOLIDATED RESULTS Number of employees -10 -2% 493 503 31/03/2024 31/12/2023 Companies consolidated with full consolidation method 14
Slide 15: Personnel (2)
Personnel (2) 3M 2024 CONSOLIDATED RESULTS Cost of personnel (Thousand of Euro) -266 -5% 21 245 Cost of personnel changes: ▪ capitalized cost of personnel: 5,377 5,112 - Euro 0.0 mln ▪ other: - Euro 0.2 mln 3M 2023 Capitalized cost of Other changes 3M 2024 personnel Companies consolidated with full
Slide 16: Capex
Capex 3M 2024 CONSOLIDATED RESULTS Capex (*) (Thousand of Euro) +1,338 +10% ▪ Gas distribution systems: 15,155 (**) Euro 10.1 mln 13,818 ▪ Gas meters: Euro 3.4 mln ▪ Investments in renewable energies: Euro 1.3 mln ▪ Investments in hardware and software: Euro 0.1 mln ▪ Other: Euro 0.2 mln 3M 2024 3M
Slide 17: Net financial position and cash flow (1)
Net financial position and cash flow (1) 3M 2024 CONSOLIDATED RESULTS Net financial position and cash flow (Thousand of Euro) 23,975 15,155 16,334 412,159 389,363 +22,796 +6% 31/12/2023 Cash flow Capex Change in NWC 31/03/2024 (*) (**) (*) Cash flow = net income + amortizations and depreciation; (**
Slide 18: Net financial position and cash flow (2)
Net financial position and cash flow (2) 3M 2024 CONSOLIDATED RESULTS (Thousand of Euro) (*) 31/03/2024 31/12/2023 Chg Chg % Long term financial borrowings 180,950 204,064 (23,114) -11% Current position of long term financial borrowings 77,929 80,642 (2,713) -3% Long term bond loans 78,677 86,347 (7
Slide 19: Estenergy
Contents 3M 2024 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy → Financial highlights Disclaimer Estenergy 19
Slide 20: Estenergy Financial highlights
Financial highlights 3M 2024 CONSOLIDATED RESULTS Income statement (*) Balance sheet (*) (Thousand of Euro) 3M 2024 3M 2023 (Thousand of Euro) 31/03/2024 31/12/2023 Tangible assets 5,425 5,522 Revenues 377,233 387,075 Non tangible assets 624,398 627,170 Investments in associates 18,458 17,704 (Purch
Slide 21: Disclaimer
Contents 3M 2024 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy Disclaimer Disclaimer 21
Slide 22: Disclaimer
Disclaimer 3M 2024 CONSOLIDATED RESULTS ❑ This presentation has been prepared by Ascopiave S.p.A. for information purposes only and for use in presentations of the Group’s results and strategies. ❑ For further details on the Ascopiave Group, reference should be made to publicly available information