Audax Renovables Sa · BME:ADX
Audax Renovables Sa — Investor Presentation (March 2024)
20 slides from Audax Renovables Sa's investor presentation, March 2024
Slide 1: Consolidated Report 2023
a~ audax renovables CONSOLIDATED REPORT 2023
Slide 2: Audax Renovables in figures 2023
Audax Renovables in figures 2023 Leading independent renewable energy utility vertically integrated from generation to retail Leading group with a Privileged access to the broad international Broad geographic and most efficient source of Solid financial results presence and a focus on customer diver
Slide 3: Retail
renovables
Slide 4: Market evolution and KPI performance
Market evolution and KPI performance Evolution of the average electricity price in Spain (€/MWh)* vs. Group portfolio (TWh) 20 200 15,9 168 14,2 15 12,8 13,2 150 9,8 +51% 8,4 111 10 -48% 100 Gas 87 64 Power 5 53 +226% 50 34 Price 0 0 2018 2019 2020 2021 2022 2023 COVID-19 Russia- Hungary Hedging Ukr
Slide 5: Background
Background The Group has carried out specific actions in the last two years 2021 Portfolio Adaptation of policies Open positions adjustment to and protocols hedge the position Risk Comittee 2022 Shell Commercial Cashflow drainage Market Access renegotiation Hungary 5
Slide 6: Portfolio development
Portfolio development Global Portfolio +3% 13.204 GWh Iberia Hungary The Netherlands Rest of Europe -5% +6% +13% -12% 4.582 4.331 4.067 3.873 487 3.861 71 Total 3.427 876 1.159 1.957 1.811 4.260 4.096 3.191 2.714 1.013 889 1.617 1.904 435 449 578 439 2022 2023 2022 2023 2022 2023 2022 2023 Global Fo
Slide 7: Generation
Generation renovables
Slide 8: Geographically diversified generation portfolio
Geographically diversified generation portfolio High visible pipeline of 955 MW -455(2) 0 Early MW MW Stage 157 798 Wind (1) Solar MW MWp Grid 170 -55 Connection MW MW Panama Poland -135 6 Environmental MW MW Approval France ▪ 66MW wind farm in operation ▪ 34MW wind farm in operation 450 +127 Portug
Slide 9: Production
Production Production (GWh) – w/o Panama Var. 279 Production (GWh) 2023 % 2022 % 300 (%) 258 Spain 171 33% 160 43% 7 250 79 70 France 29 6% 28 7% 4 200 29 Poland 79 15% 70 19% 13 28 150 Panama* 242 46% 117 31% 107 100 Total 521 100% 375 100% 39 160 171 50 * Audax has a 30% stake 0 2022 2023 Spain Fr
Slide 10: ESG
renovables 10
Slide 11: Sustainalytics ESG Rating 2023 results
Sustainalytics ESG Rating 2023 results Following the evaluation process carried out by Sustainalytics ESG Rating, Audax Renovables has been rated by Morningstar Sustainalytics ESG Rating as an "ESG Low Risk Company" Score obtained The Group's ESG performance Sustainalytics ESG Risk Rating Thanks to
Slide 12: ESG figures (Environmental, Social & Governance)
ESG figures (Environmental, Social & Governance) Non-Financial Information Statement Highlights ENVIRONMENTAL INFORMATION GREENHOUSE GAS EMISSIONS USE OF RESOURCES BIODIVERSITY PROTECTION 303.7 tCO2eq1 47.9 tCO2eq1 Energy Water 55 9 +10,000 247 h Scope 1 Scope 2 2,5 MWh of electricity. 2,423 m3 (Dir
Slide 13: Financial results
Financial results renovables
Slide 14: Key financial indicators
Key financial indicators Record results: Audax quadruples net result Gross margin Revenues (€m) EBITDA (€m) Net result (€m) (€m) -13% +64% +78% +304% Decrease in Focus on financial debt 96 revenues due to reduction 236 32 lower energy 2.633 prices: Power: -53% Increased 2.293 144 54 Gas: -65% instal
Slide 15: Financial debt
Financial debt Financial debt evolution (€m) Financial debt maturities (€m) Long-term debt 81% 19% 642 Short-term debt €583m -26 583 583 -7 -19 7 -15 284 110 138 33 19 Gross debt Bonds Commercial Loans Project WC lines Gross debt Gross debt 2024 2025 2026 2027 2028 Dec-22 paper Finance Dec-23 Dec-23
Slide 16: Financial debt evolution
Financial debt evolution Financial debt maturities (€m) Cash position (€m) Cash and equivalents €230m 583 110 138 33 284 Other financial assets €102m 19 Gross financial 2024 2025 2026 2027 2028 and Final cash position €332m debt onwards Citadel -€41m Investors -€50m +€50m The Group reduces €41m GFD
Slide 17: Message from the Chairman
Message from the Chairman renovables
Slide 18: What's next
What’s next Retail The Netherlands Hungary Iberia Portfolio Market Growth increase up to Access 6TWh 2024 Generation Results Portfolio NFD EBITDA Financing 18
Slide 19: Thank you!
CONSOLIDATED REPORT 2023 THANK YOU!
Slide 20: Legal Disclaimer
Legal Disclaimer Any data, estimate, valuation and projection, as well as the rest f the content of this presentation serves informational purposes only. Neither Audax Renovables, S.A. Nor any of its directors, managers or employees are implicitly or explicitly obligated to guarantee that this conte
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