Ascopiave S.p.a. · MIL:ASC
Ascopiave — H1 2022 Earnings Presentation
21 slides from Ascopiave's earnings presentation, Aug 5, 2022
Slide 1: 6M 2022 Consolidated Results Conference Call
6M 2022 CONSOLIDATED RESULTS Gruppo Ascopiave 6M 2022 CONSOLIDATED RESULTS Conference Call Pieve di Soligo, 5th August 2022 Gruppo 1
Slide 2: Contents
Contents 6M 2022 CONSOLIDATED RESULTS Financial highlights ……………………………………………………………………………………………………………………….……………………………………… Pag. 3 Companies consolidated with full consolidation method …………………………………………………………….. Pag. 7 Estenergy …………………………………………………………………………………………………………………………………………………………………………………….… Pag.
Slide 3: Contents: Financial highlights
Contents 6M 2022 CONSOLIDATED RESULTS Financial highlights → Ascopiave Group structure as of 30th June 2022 → 6M 2022 consolidated income statement → Consolidated balance sheet as of 30th June 2022 Companies consolidated with full consolidation method Estenergy Disclaimer Financial highlights 3
Slide 4: Ascopiave Group structure as of 30th June 2022
Ascopiave Group structure as of 30th June 2022 6M 2022 CONSOLIDATED RESULTS 48% 100% 100% 100% 51% 100% 49% 100% 100% 100% 100% 56.101% 32.559% (in liquidazione) 78.441% 79.74% 100% 100% ASCO RENEWABLES 100% 100% Eosforo 18.33% 75% Morina 3% 100% Sangineto Energie 5% 60% Salinella Eolico 90% Corpora
Slide 5: 6M 2022 consolidated income statement
6M 2022 consolidated income statement 6M 2022 CONSOLIDATED RESULTS (Thousand of Euro) 6M 2022 6M 2021 Chg Chg % Revenues 81,420 66,085 15,334 +23% (Purchase costs for other raw materials) (1,339) (1,113) (226) +20% (Costs for services) (25,294) (19,529) (5,765) +30% (Costs for personnel) (10,034) (9
Slide 6: Consolidated balance sheet as of 30th June 2022
Consolidated balance sheet as of 30th June 2022 6M 2022 CONSOLIDATED RESULTS (Thousand of Euro) 30/06/2022 31/12/2021 Chg Chg % Tangible assets (*) 119,928 58,012 61,916 +107% Non tangible assets (*) 745,846 647,279 98,567 +15% Investments in associates (**) 528,322 521,359 6,963 +1% Other fixed ass
Slide 7: Contents: Companies consolidated with full consolidation method
Contents 6M 2022 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method → Operating data → Revenues bridge → EBIT bridge → Gas distribution tariff revenues and other net operating costs → Personnel → Capex → Net financial position and cash flow Estenergy Disc
Slide 8: Operating data – gas distribution
Operating data – gas distribution 6M 2022 CONSOLIDATED RESULTS Number of gas distribution users Volumes of gas distributed (Million of standard cubic meters) +112,804 -33.0 +15% -4% 890,662 885.5 37.8 113,912 918.5 847.8 776,750 777,858 30/06/2022 31/12/2021 6M 2022 6M 2021 New consolidation area Co
Slide 9: Operating data – renewable energies
Operating data – renewable energies 6M 2022 CONSOLIDATED RESULTS Volumes of electricity produced (GWh) +43.1 n.a. 43.1 0.0 6M 2022 6M 2021 Companies consolidated with full consolidation method 9
Slide 10: Revenues bridge
Revenues bridge 6M 2022 CONSOLIDATED RESULTS Revenues bridge (Thousand of Euro) +15,334 +23% 6,538 9,179 2,354 2,736 81,420 66,085 6M 2021 Change of the Gas distribution Revenues from Other revenues 6M 2022 consolidation tariff revenues energy area (*) efficiency certificates (*) Tariff revenues inc
Slide 11: EBIT bridge
EBIT bridge 6M 2022 CONSOLIDATED RESULTS EBIT bridge (Thousand of Euro) +520 +4% 3,239 195 109 2,632 13,872 14,392 6M 2021 Change of the Gas distribution Depreciations Other net 6M 2022 consolidation tariff revenues and operating costs area amortizations (*) (*) Further details on page 12 of the cur
Slide 12: Gas distribution tariff revenues and other net operating costs
Gas distribution tariff revenues and other net operating costs 6M 2022 CONSOLIDATED RESULTS (Thousand of Euro) (*) 6M 2022 6M 2021 Chg Chg % Gas distribution tariff revenues 54,876 54,218 658 +1% Gas distribution tariff revenues 54,876 54,218 658 +1% (Thousand of Euro) 6M 2022 6M 2021 Chg Chg % Othe
Slide 13: Personnel (1) Number of employees
Personnel (1) 6M 2022 CONSOLIDATED RESULTS Number of employees +42 +9% 513 43 471 470 30/06/2022 31/12/2021 New consolidation area Companies consolidated with full consolidation method 13
Slide 14: Personnel (2) Cost of personnel
Personnel (2) 6M 2022 CONSOLIDATED RESULTS Cost of personnel (Thousand of Euro) +885 +10% Change of consolidation area: + Euro 0.4 mln 384 403 98 Cost of personnel changes of equal consolidation area: ▪ capitalized cost of personnel: + Euro 0.1 mln 10,034 9,148 ▪ other: + Euro 0.4 mln 6M 2021 Change
Slide 15: Capex
Capex 6M 2022 CONSOLIDATED RESULTS Capex (*) (Thousand of Euro) +4,185 +19% Change of the consolidation area: Euro 3.9 mln 26,761 (**) of which: 3,893 ▪ investments in renewable energies: Euro 2.7 mln Equal consolidation area: 22,868 22,576 ▪ Gas distribution systems: Euro 16.7 mln ▪ Gas meters: Eur
Slide 16: Net financial position and cash flow (1)
Net financial position and cash flow (1) 6M 2022 CONSOLIDATED RESULTS Net financial position and cash flow (Thousand of Euro) 151,687 9,660 35,757 26,761 25,276 44,802 501,273 347,485 -153,787 +44% 31/12/2021 Cash flow Capex Change in NWC Dividends Change in Firm 30/06/2022 (*) (**) received shareho
Slide 17: Net financial position and cash flow (2)
Net financial position and cash flow (2) 6M 2022 CONSOLIDATED RESULTS (Thousand of Euro) (*) 30/06/2022 31/12/2021 Chg Chg % Long term financial borrowings (>12 months) 225,253 161,488 63,765 +39% Current position of long term financial borrowings 79,853 60,631 19,222 +32% Bond loans 94,722 24,181 7
Slide 18: Estenergy
Contents 6M 2022 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy → Financial highlights Disclaimer Estenergy 18
Slide 19: Estenergy Financial highlights
Financial highlights 6M 2022 CONSOLIDATED RESULTS Income statement (*) Balance sheet (*) (Thousand of Euro) 6M 2022 6M 2021 (Thousand of Euro) 30/06/2022 31/12/2021 Tangible assets 2,117 2,268 Revenues 400,338 212,830 Non tangible assets 308,527 311,300 Investments in associates 8,197 8,540 (Purchas
Slide 20: Disclaimer
Contents 6M 2022 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy Disclaimer Disclaimer 20
Slide 21: Disclaimer
Disclaimer 6M 2022 CONSOLIDATED RESULTS ❑ This presentation has been prepared by Ascopiave S.p.A. for information purposes only and for use in presentations of the Group’s results and strategies. ❑ For further details on the Ascopiave Group, reference should be made to publicly available information