Slide 1: Results of the ENEA Group in 2020
RESULTS of the ENEA GROUP in 2020 26 March 2021 1
Slide 2: ENEA Group generated stable financial results
Results of the ENEA Group in 2020 ENEA Group generated stable financial results 1.95 PLN 18.2 bn PLN 3.3 bn net debt/ EBITDA revenue, up improvement EBITDA, down by PLN 1.8 billion (11% y/y) by 0,04 (-2% y/y) by PLN 36 million (-1% y/y) 22.5 TWh 7.6 mln t of electricity generated, of net coal produc
Slide 3: Mining Area
MINING Area
Slide 4: Operating results of LW Bogdanka
Operating results of LW Bogdanka Operating results affected by tough market environment Production of commercial coal [million tons] Sales of coal [million tons] 9.5 9.4 7.6 7.7 2.3 2.1 2.3 2.0 -11% -19% -14% -18% Q4 2019 Q4 2020 2019 2020 Q4 2019 Q4 2020 2019 2020 Coal inventories [thou. tons] New
Slide 5: LW Bogdanka Group's EBITDA in Q4 and 2020
LW Bogdanka Group’s EBITDA in Q4 and 2020 LW Bogdanka Group’s EBITDA was affected by the temporary deterioration in the market situation [PLN million] [PLN million] Q4 2019 Q4 2020 2019 2020 2 158 532 469 1 822 -15% -20% -5% -12% -76% -75% -39% -16% 768 156 149 466 375 309 56 45 38 44 95 73 Net prof
Slide 6: EBITDA in 2020
EBITDA in 2020 A decrease in the sales volume was the key factor affecting the LW Bogdanka Group’s EBITDA [PLN million] 66.9 35.4 767,6 6.9 767.6 469,2 396.8 466.2 EBITDA GK LWB Ilość Cena Zmiana gotówkowych kosztów Wynik EBITDA GK LWB LWB Group’ 2019 Wykonanie EBITDA sprzedanego Quantity of coal so
Slide 7: Market Environment
MARKET Environment
Slide 8: Market environment
Market environment CO2 prices remain high CO₂ (Dec-20) emission allowances Prices of „green” property rights (PMOZE_A) EUR/t PLN/MWh 149 145 148 27,2 27,4 26,6 133 131 136 141 25,8 126 24,8 115 118 22,7 22,8 21,4 21,3 19,6 -2% +7% 74 14,9 63 10,0 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20
Slide 9: Generation Area
GENERATION Area
Slide 10: ENEA Group's operational data
ENEA Group’s operational data The production level was affected by external factors Net production [TWh] Net production [TWh] 2019 2020 Q4 2019 Q4 2020 -4% -19% -1% -7% +5% -27% -7% -13% 6.1 25.9 5.6 22.5 3.9 3.9 16.7 15.5 2.0 8.6 1.6 6.3 0.7 0.6 2.3 2.4 Total electricity Połaniec Power Kozienice Po
Slide 11: Distribution Area
DISTRIBUTION Area
Slide 12: Volume of distribution services
Volume of distribution services In Q4 2020, the sales volume of distribution services increased Sales of distribution services to end users [GWh] 19 764 19 419 +5% +2% -2% 4 866 5 094 4 986 5 094 Q3 2020 Q4. 2020 Q4 2019 4 kw. 2020 2019 2020 Key drivers (+) Increase in the number of customers by 1.3
Slide 13: Trading Area
TRADING Area 13
Slide 14: Volume of energy sales
Volume of energy sales Increase in the total sales volume of electricity in Q4 and the entire year 2020 Sales of electricity and gaseous fuel to retail customers [GWh] +8% +5% +4% 21 113 20 339 5 102 5 507 5 243 5 507 Q3 2020 Q4 2020 Q4 2019 4 kw. 2020 2019 2020 Key drivers (+) Increase in the sales
Slide 15: Financial performance in 2020
Financial performance in 2020 15
Slide 16: Key financial data
Key financial data The key financial data were affected among others by non-recurring accounting events Revenue from sales and other income EBITDA [PLN million] [PLN million] 18 195 16 401 3 338 3 302 4 514 4 731 4 233 4 731 813 667 740 667 +5% +12% +11% -18% -10% -1% 1) Q3 Q4 Q4 Q4 2019 2020 Q3 Q4
Slide 17: EBITDA in 2020
EBITDA in 2020 The highest EBITDA was earned by the Generation and Distribution Areas [PLN million] 1 313.3 87.5 3 302.0 -14.8 -84.2 1 530.1 470.1 Wydobycie Mining Wytwarzanie Generation Dystrybucja Distribution Obrót Trading Pozostała działalność Other activity Pozycje nieprzypisane Unassigned item
Slide 18: Capital expenditures
Capital expenditures In 2020 capital expenditures increased in the key areas of Enea Group’s activities Capital expenditures [PLN million] 2019 2020 Q4 2019 Q4 2020 2 441 2 181 804 690 1 176 429 1 013 335 614 203 186 410 492 548 116 118 266 36 71 103 Mining Generation Distribution Other Total Mining
Slide 19: Social Involvement
SOCIAL INVOLVEMENT 19
Slide 20: Customer Social Responsibility
Customer Social Responsibility Enea Group is developing social PLN projects and actively supports the fight with the pandemic 5,3 More than PLN 5.3 million – this is how much we donated in 2020 for combating the coronavirus pandemic million • Since March 2020, financial and material donations have b
Slide 21: Customer Social Responsibility
Customer Social Responsibility Enea Group is developing social projects and actively supports the fight with the pandemic More than 75 liters of blood were collected in 2020 as part of the “Energy in Our Blood” program • This project is carried out in cooperation with the Regional Blood Donation and
Slide 22: Projects related to environmental protection
Projects related to environmental protection Minimizing power supply interruptions ENEA Operator implements projects aimed at environmental protection and improves the quality of life of its customers proprietary failure localization and identification system installed in an electric car • positive
Slide 23: Key Data
KEY DATA 23
Slide 24: 2020 in figures
2020 in figures PLN 3.3 billion of EBITDA Financial PLN 2.4 bilion of capital expenditures data Net debt / EBITDA of 1.95 PLN 18.2 billion in revenue 22.5 TWh of electricity generated 21.1 TWh of energy and gas sold to retail customers Operational data Nearly 2.4 TWh electricity generated from renew
Slide 25: Attachments
ATTACHMENTS
Slide 26: Operating results of LW Bogdanka
Operating results of LW Bogdanka Item Q4 2019 Q4 2020 Change 2019 2020 Change Net production [000s of tons] 2 324 2 074 -10.8% 9 451 7 612 -19.5% Sales of coal [000s of tons] 2 298 1 970 -14.3% 9 359 7 670 -18.0% Inventories (at th end of the period) 179 122 -31.8% 179 122 -31.8% [000s of tons] Exca
Slide 27: ENEA Group's operational data
ENEA Group’s operational data ENEA Group’s operational data [GWh] Q4 2019 Q4 2020 Change 2019 2020 Change Total net electricity generation 6 053 5 629 -7.0% 25 931 22 482 -13.3% of which: ENEA Wytwarzanie including MEC Piła 3 905 3 862 -1.1% 16 694 15 518 -7.0% Połaniec Power Plant 1 956 1 581 -19.2
Slide 28: Volume of energy sales; Key financial data of the Group
Volume of energy sales ENEA Group’s sales data [GWh] Q4 2019 Q4 2020 Change 2019 2020 Change Sales of electricity and gaseous fuel to retail customers 5,243 5,507 5.0% 20,339 21,113 3.8% Key financial data of the Group ENEA Group’s financial data [PLN Q4 2019 1) Q4 2020 Change 2019 1) 2020 Change mi
Slide 29: EBITDA in Q4 and 2020
EBITDA in Q4 and 2020 [PLN million] 1 313,3 87,5 3 302,0 -14,8 -84,2 1 530,1 470,1 Wydobycie Wytwarzanie Dystrybucja Obrót Pozostała działalność Pozycje nieprzypisane i EBITDA 2020 Mining Generation Distribution Trading Other activity Unassigned wyłączenia EBITDA items and 2020 elimination Q4 2020 E
Slide 30: Results of the Generation Area
Results of the Generation Area Generation, including: [PLN million] Must-run power plants Heat RES Q4 2019 Q4 2020 Change Q4 2019 Q4 2020 Change Q4 2019 Q4 2020 Change Revenue from sales and other 1 719 1 788 69 146 162 16 192 211 19 income EBIT 254 (2 801) (3 055) (18) 24 42 55 75 20 EBITDA 357 196
Slide 31: Results of the ENEA Group
RESULTS of the ENEA GROUP in 2020 31 gielda@enea.pl 26 March 2021