Empresa Distribuidora Y Comercializadora Norte S.a. Class B · BCBA:EDN
Empresa Distribuidora Y Comercializadora Norte S.a. Class B — Q3 2023 Earnings Presentation
17 slides from Empresa Distribuidora Y Comercializadora Norte S.a. Class B's earnings presentation, Nov 9, 2023
Slide 1: Earnings Release Third Quarter 2023
Earnings Release THIRD QUARTER 2023 November 9th, 2023
Slide 2: Disclaimer
Earning Release Third Quarter 2023 EDENOR 2 Disclaimer The material that follows is a This presentation contains forward-looking forward-looking statements, whether as a result particular, this presentation and the information information and statements. Forward-looking of new information, future ev
Slide 3: Highlights
Earning Release Third Quarter 2023 EDENOR 3 Highlights
Slide 4: Quality of Service
Earning Release Third Quarter 2023 EDENOR 4 SAIFI Path 9,7 9,5 9,1 8,6 8,9 9,0 8,4 8,7 Times | Year | Customer 8,0 7,4 6,9 6,0 6,2 5,4 5,3 5,2 Quality of -66% 4,6 4,1 SAIFI 3,6 3,3 Required Quality Standards Service 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Sep 2023 2023 R Best Historic
Slide 5: Regulatory Framework
Earning Release Third Quarter 2023 EDENOR 5 June July August September October November December 2024 1st TASKS 2023 2023 2023 2023 2023 2023 2023 Quarter Call to Lic. CMCC Sample Definition Equipment CTL and Tracking Study of Technological and Com Performance CENS Study - Alternatives and Definition
Slide 6: Regulatory Framework: Seasonal Energy Prices
Earning Release Third Quarter 2023 EDENOR 6 Between August 1st, 2023 and October Since November 1st, 2023, Resolution 31st, the seasonal prices had increases 884/23 from the Secretary of Energy as per this detail: established new seasonal prices as per this detail: Regulatory Residential Level 1 5.5
Slide 7: Regulatory Framework: CAMMESA Debt
Earning Release Third Quarter 2023 EDENOR 7 247.640 -103.668 -25.131 -24.174 94.667 Regulatory CAMMESA Debt Cancelation of Reverision VAT Credit 5 Voice CAMMESA Debt registered before agreements interests (Value Added Text) after Agreements ORIGIN: Framework The debt with CAMMESA corresponds to past
Slide 8: EBITDA
Earning Release Third Quarter 2023 EDENOR 8 144,365 EBITDA 125,725 In Million of pesos (16,177) (4,658) in constant purchasing power 9 Months 3Q Net Operating Income 41,125 (45,526) 10% 617 (14,506) (104%) Deprecation of Property, Plant and 37,853 29,337 29% 14,759 9,848 50% Equipment 128,989 128,98
Slide 9: Capex
Earning Release Third Quarter 2023 EDENOR 9 3Q 2023 VS 3Q22 Investment Investment Classification In Millions of ARS % of total 7% 14% 24,751 Capex 3,142 + 46% 2,374 16,926 In order to meet demand, improve service quality, including our 2,288 Summer Plan, and reduce non-techinical losses, most of the
Slide 10: Revenue from Sales and Energy
Earning Release Third Quarter 2023 EDENOR 10 3Q 2023 VS 3Q 2022 138,357 113,333 Revenue from Sales Revenue from Sales and Energy 2023 2022 Purchases 82,505 78,147 ARS in Million Energy Purchases 2023 2022
Slide 11: Energy Sales Evolution
Earning Release Third Quarter 2023 EDENOR 11 Energy Sales 7% Customers Evolution Breakdown 16% (in thousands) Residential 3,293 3,255 +1.1% Small Commercial 48% Medium Commercial 15% Industrial Wheeling System 6% Energy Sales Others 9% Sep-22 Sep-23 Evolution 5,979 125 -17 -4 -33 42 7 6,100 3Q 2022
Slide 12: Gross Margin
Earning Release Third Quarter 2023 EDENOR 12 23.424 Gross 6,295 128,893 Margin 79,213 (878) 105,469 ARS in Million Volume: Calculated with average Price 2022 (61,206) 2022 AXI Mix/Price Volume PNR 2023
Slide 13: Financial Results
Earning Release Third Quarter 2023 EDENOR 13 38% Financial (41509,0) 73,0 (6560,0) (11184,8) (171053,0) Results (123634,0) 11907,0 ARS in Million 9M 2022 Commercial Financial Exchande rate Financial Others 9M 2023 Interest Assets Differences Interest CAMMESA
Slide 14: Net Income
Earning Release Third Quarter 2023 EDENOR 14 3Q 2023 138,4 72,4 76,0 55,9 (57,4) 5,3 (3,2) (0,6) (82,5) (60,3) (65,6) Net Income Revenues Energy Gross Operating Other Other Net Operating Financial RECPAM Income Tax Net Income Purchases Margin Expenses Operating Operating Income Loss Results (loss) I
Slide 15: Energy Losses
Earning Release Third Quarter 2023 EDENOR 15 In Percentage of Net Energy Purchases + Wheeling System LTM 19.90% 19.61% 18.20% 17.06% 17.62% 15.89% 15.29% Energy 9.31% 9.54% 9.63% 9.19% 9.00% 9.12% 9.32% 2017 2018 2019 2020 2021 2022 Sep 2022 Losses Non-Technical Energy Losses (in GWh) Per FY Period
Slide 16: Highlights
Earning Release Third Quarter 2023 EDENOR 16 Highlights Sales GWh Revenues EBITDA 18.277 (5,2%) 378,811 (17%) 125,725 Net Debt CAPEX Clients -52 MM + 60,999 (52%) +3,29 MM (1,1%) SAIDI SAIFI Total Energy Losses + 7,7 hs/Year/Customer + 3,3 Times/Year/Customer 15,29%
Slide 17: Investor Relations Contacts
INVESTOR RELATIONS CONTACTS German Ranftl | Chief Financial Officer Silvana Coria Investor Relations, Planning and Control Manager Lucila Ramallo Investor Relations Senior Analyst investor@edenor.com Tel. +54 (11) 4346 5511
Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) — Q3 2023 Earnings Presentation on 6ix