Slide 1: EVN conference call Q. 1 2022/23 results
EVN conference call Q. 1 2022/23 results 21 February 2023
Slide 2: Highlights Q. 1 2022/23
Highlights Q. 1 2022/23 Sound financial performance despite − Continued distortions on international energy markets − Significantly mild weather conditions in all three markets − Negative earnings contribution by EVN KG, which is expected to remain negative in the current financial year Ambitiou
Slide 3: Key financials Q. 1 2022/23
Key financials Q. 1 2022/23 • Increase in revenue − Price effects in renewable generation − Valuation effects of hedges and price adjustments in the Energy Segment − South East Europe benefitted from higher network tariffs and the increase of electricity prices in the regulated household customer se
Slide 4: Solid balance sheet structure
Solid balance sheet structure Strong balance sheet as a basis for increased investment programme in the coming years (exceeding EUR 500m p.a.) Working Capital related increase in net debt Conference call Q. 1 2022/23 results 4
Slide 5: Generation
Generation • Electricity generation below previous year − Y-o-y increase in water flows did not offset significantly lower wind flows − Decrease in demand for gas-fired generation to support network stability • EBITDA and EBIT above prior year − Rise in revenue due to higher electricity prices, whic
Slide 6: Energy
Energy • Decline in electricity, natural gas and heat sales volumes − Warmer temperatures year-on-year as well as in the long- term average − Consumers‘ energy saving efforts • EBITDA and EBIT above prior year − Significant increase in revenue: higher revenue from natural gas trading; price effects
Slide 7: Networks
Networks • Decline in electricity and natural gas network sales volumes − Warmer temperatures year-on-year as well as consumers‘ energy saving efforts − Lower use of power plants for network stabilisation • Decrease in revenue − Volume declines − Positive revenue contribution by cable TV, internet a
Slide 8: South East Europe
South East Europe • Increase in electricity generation volumes − Higher water flows y-o-y in North Macedonia − Commissioning of photovoltaic plant in North Macedonia in October 2022 • Decrease in energy sales volumes − Significantly milder weather conditions • EBITDA and EBIT above prior year − High
Slide 9: Environment
Environment • Increase in EBITDA, EBIT and result before income tax − Progress on Kuwait project as main driver for growth in revenue and operating expenses − Earnings contribution from equity accounted investees positively affected by Kuwait project − Y-o-y increase in financial results due to nega
Slide 10: Cash flows
Cash flows • Increase in gross cash flow − Higher earnings recorded in the reporting period • Decrease in CF from operating activities − Liquidity settlement for EVN KG and related capital commitment for working capital − Increased y-o-y increase in income tax payments • Rise in CF from investing ac
Slide 11: Outlook for 2022/23 confirmed
Outlook for 2022/23 confirmed Group net result for 2022/23 is expected to range from roughly EUR 190m to EUR 250m − Under assumption of a stable regulatory environment, predictable energy sector and tax frameworks − Earnings contribution from Verbund AG for the 2022 financial year is initially not
Slide 12: Appendix
EVN Appendix
Slide 13: Regulated business in Austria
Regulated business in Austria Network Electricity Natural gas Comments Regulatory authority E-Control GmbH E-Control GmbH Start of the regulatory period 01.01.2019 01.01.2023 Next regulatory adjustment 01.01.2024 01.01.2028 Adjustment of WACC and productivity factors Duration of the regulatory perio
Slide 14: Contact details
Contact details • Stefan Szyszkowitz, CEO • Information on the internet − www.evn.at • IR contact partners: − www.investor.evn.at − Karin Krammer − www.responsibility.evn.at − Doris Lohwasser − Matthias Neumüller • Headquarters of EVN AG − Gerald Reidinger − EVN Platz 2344 Maria Enzersdorf • IR cont
Slide 15: 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 expectations