Slide 1: EVN conference call FY 2022/23 results
EVN conference call FY 2022/23 results 14 December 2023
Slide 2: Highlights FY 2022/23
Highlights FY 2022/23 Strong financial performance in FY 2022/23 − Group net result at EUR 529.7m − Earnings improvement in South East Europe Segment − Substantial higher dividend of Verbund AG for 2022 financial year (EUR 158.0m) − Negative result in supply company EVN KG (EUR –240.3m) − 88% of i
Slide 3: Key financials FY 2022/23
Key financials FY 2022/23 FY 2022/23 +/– • Revenue below prior year’s level EURm % Revenue 3,768.7 -7.2 − Declining revenues in SEE due to decreased energy market prices and EBITDA 869.0 15.1 in the international project business Depreciation and amortisation -336.5 -5.8 − Positively affected by pri
Slide 4: Solid balance sheet structure
Solid balance sheet structure Strong balance sheet is the basis for EVN’s ambitious investment programme Net debt increased y-o-y due to high investment level EVN’s goal is to maintain solid A category ratings in the future Conference call FY 2022/23 results 4
Slide 5: Energy
Energy Sales volumes to FY 2022/23 +/– • Decline in energy sales volumes end customers GWh % − Significantly milder temperature – y-o-y and to long-term average Electricity1) 7,551 -12.8 Natural gas1) 4,155 -14.1 − Consumers‘ energy saving efforts, increase in customers’ own Heat 2,096 -9.9 energy g
Slide 6: Generation
Generation FY 2022/23 +/– • Electricity generation below prior year Electricity generation volumes GWh % − Y-o-y increase in electricity production from hydropower including Total 2,280 -14.4 Renewable energy sources 1,910 1.3 positive volume effects from Verbund IKW Thermal energy sources 370 -52.4
Slide 7: Networks
Networks Network distribution FY 2022/23 +/– • Decline in network sales volumes volumes GWh % − Significantly milder temperatures and consumers‘ energy saving Electricity 7,796 -9.4 Natural gas1) 12,103 -22.2 efforts by customers − Reduced use of power plants for network stabilisation by the transmi
Slide 8: South East Europe
South East Europe Key energy business FY 2022/23 +/– • Higher electricity generation volumes indicators GWh % − Higher water flows and additional PV capacities in North Macedonia Electricity generation volumes 460 8.7 Network distribution volumes 13,686 -5.5 • Network distribution volumes and energy
Slide 9: Environment
Environment FY 2022/23 +/– • EBITDA, EBIT and result before income tax Financial performance EURm % above prior year’s level Revenue 532.2 -13.1 EBITDA 62.2 9.9 − Declining revenue consistent with finalisation phase of the project in EBIT 29.5 - Kuwait that reached peak in previous year Financial re
Slide 10: Cash flows
Cash flows FY 2022/23 +/– • Increase in gross cash flow EURm in % − Higher results before income tax recorded Gross cash flow 1,100.7 49.9 Net cash flow from operating activities 942.4 - − Dividend payment by Verbund AG for 2022 (EUR 158.0m) Net cash flow from investing activities -929.0 - Net cash
Slide 11: Outlook for 2023/24 financial year
Outlook for 2023/24 financial year Group net result for 2023/24 is expected to range from EUR 420m to EUR 460m − Under the assumption of a stable regulatory and energy policy environment EVN’s dividend policy reflects investment and growth perspectives up to 2030 and beyond − Dividend of at leas
Slide 12: EVN's cornerstones
EVN’s cornerstones Expansion of wind and photovoltaics on track Massive network and infrastructure investments will enhance RAB growth Benefit from all-electricity future Continue decarbonisation path Capital Markets Day 2023 12
Slide 13: Appendix
EVN Appendix
Slide 14: Segment outlook for 2023/24
Segment outlook for 2023/24 0utlook Segments Comments 2023/24 Segment EBIT expected to be above prior year's level at the lower end of the range of EUR 45m to EUR 70m Energy – Return of the results of the energy supply company EVN KG to positive levels expected; development in view of the gradual
Slide 15: 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 16: 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