Empresa Distribuidora Y Comercializadora Norte S.a. Class B · BCBA:EDN
Empresa Distribuidora Y Comercializadora Norte S.a. Class B — Q1 2024 Earnings Presentation
27 slides from Empresa Distribuidora Y Comercializadora Norte S.a. Class B's earnings presentation, May 13, 2024
Slide 1: Earnings Presentation First Quarter 2024
EARNINGS PRESENTATION First Quarter 2024 May 13th, 2024 EARNINGS PRESENTATION
Slide 2: Disclaimer
DISCLAIMER EARNINGS PRESENTATION 2
Slide 3: Earnings Presentation
❖ ❖ ❖ ❖ ❖ ❖ EARNINGS PRESENTATION 3
Slide 4: First Quarter 2024 Highlights
EARNINGS PRESENTATION 2 FIRST QUARTER 2024 edenor 01 Highlights
Slide 5: Regulatory Framework By-laws Amendment
edenor® Regulatory Framework By-laws Amendment Res 102: Transitory update of Value-Added Distribution since 02/16/24, changes restored the economic balance of the Company as reflected in the Independent Auditor's (PwC) opinion in financial statements, issued without “going concern” paragraph. New ac
Slide 6: Regulatory Framework
EARNING RELEASE 2 FIRST QUARTER 2024 edenor 02 REGULATORY FRAMEWORK
Slide 7: Earnings Presentation
❖ ❖ ❖ ❖ EARNINGS PRESENTATION 7
Slide 8: Regulatory Framework
edenor” REGULATORY FRAM EWORK Resolution 270/2024: On May 8, 2024, the ENRE approved the Program for the Distribution Tariff Review, expected to be completed this year, 5-Year Integral which includes the following details of the working plan: Tariff Review Activities/ Tasks Date Resolution of the Au
Slide 9: Earnings Presentation
❖ ❖ ❖ ❖ ❖ ❖ EARNINGS PRESENTATION 9
Slide 10: Earnings Presentation
❖ ❖ ❖ ❖ ❖ ❖ EARNINGS PRESENTATION 10
Slide 11: Financial Results
EARNINGS PRESENTATION 2 FIRST QUARTER 2024 edenor 03 Financial Results
Slide 12: Revenues
In million of Pesos **1Q24 **1Q23 ΔAR$ Δ% in constant figures Revenues 276,157 270,771 5,386 2% E nergy purchases (160,419) (195,559) 35,140 (18% ) Dis tribution Margin 115,738 75,212 40,526 54% Operating expenses (138,914) (122,248) (16,666) 14% Other op. Net income 972 2,299 (1,327) (58% ) Operati
Slide 13: Earnings Presentation
+1% │ EARNINGS PRESENTATION 13
Slide 14: Distribution Margin
40,526 75,212 EARNINGS PRESENTATION 14
Slide 15: ❖ ❖ o o 4,396 1Q24 1Q23 -20,079
❖ ❖ o o 4,396 1Q24 1Q23 -20,079 EARNINGS PRESENTATION 15
Slide 16: Net Financial Results
+58% In million of Pesos 1Q24 1Q23 ∆ AR$ ∆% in constant figures Financial income 115 - 115 n.a. Financial expenses (113,589) (146,720) 33,131 (23% ) 214.050 Others (100,576) 11,638 (112,214) n.a. Net Financial Res ults (214,050) (135,082) (78,968) 58% 135.077 1Q24 1Q23 EARNINGS PRESENTATION 16
Slide 17: Other Op. Net
Other Op. Net Net income Expenses EARNINGS PRESENTATION Other Op. Operating Tax Net Net income Results Expenses 17
Slide 18: Earnings Presentation
+27% EARNINGS PRESENTATION 18
Slide 19: Operating Indicators
EARNINGS PRESENTATION 2 FIRST QUARTER 2024 edenor 04 Operating Indicators
Slide 20: Total Losses Recognized
Total Losses Recognized EARNINGS PRESENTATION 20
Slide 21: Real Required
-75% -64% Real Required Required EARNINGS PRESENTATION
Slide 22: Financial Debt
EARNINGS PRESENTATION 2 FIRST QUARTER 2024 edenor 05 FINANCIAL DEBT
Slide 23: Notes Class 3 and 4
❖ • • ❖ ❖ ❖ ❖ ❖ ❖ ❖ Notes Class 1 Notes Class 2 Notes Class 3 Notes Class 4 Amount (Million) 55 27* 96 24,398** Currency USD USD USD ARS Type Social Std Std Std Maturity may-25 nov-24 nov-26 mar-25 Rate 9.75 9.75 9.75 BADLAR +300 Basic Point. Interest Payment Biannual Biannual Biannual Quarterly Law
Slide 24: Class 3&4
Class 3&4 Class 2 Class 1 EARNINGS PRESENTATION 24
Slide 25: Ratings
edenor” RATINGS Risk Ratings - 2024 Corporate Bonds Rating Outlook Date M » Local BBB+ar Revision to the rise feb-24 lOODYS Foreign currency BBBs.ar Revision to the rise feb.24 Long-term issuer Afarg) Stable feb-24 ON Class 1 A(arg) Stable feb-24 1X ON Additional Class 1 A(arg) Stable feb-24 FitchRa
Slide 26: Final Remarks
EARNINGS PRESENTATION 2 FIRST QUARTER 2024 edenor 06 FINAL REMARKS
Slide 27: Improvement in debt rating
Successful Placement and Exchange of US$124 M in Improvement in debt Positive and stable outlook Notes Class 3 and 4, rating: S&P, FixSCr and improving the debt profile of for revenues flows. Moodys. the Company. EARNINGS PRESENTATION 27
Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) — Q1 2024 Earnings Presentation on 6ix