Gas Plus S.p.a. · MIL:GSP
Gas Plus — FY2024 Earnings Presentation
16 slides from Gas Plus's earnings presentation, Apr 10, 2025
Slide 1: Gas Plus Group Analyst Presentation FY 2024 Financial Results
Gas Plus Group Analyst Presentation FY 2024 Financial Results April 10th, 2025* * This document is updated on 6 months basis, occurring after 31 December and 30 June 0closing
Slide 2: Agenda
Agenda ▪1 MARKET SCENARIO ▪2 HIGHLIGHTS ▪3 FINANCIAL RESULTS 1
Slide 3: Market Scenario
Market Scenario TTF Gas Price – Day Ahead 80,00 75,00 70,00 65,00 60,00 55,00 50,00 45,00 40,00 35,00 30,00 25,00 20,00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec €/MWh - 2023 €/MWh - 2024 Brent Price – Spot €/$ Exchange Rate - Spot 100,00 1,14 1,13 95,00 1,12 1,11 90,00 1,10 85,00 1,09 1,08 80
Slide 4: Agenda
Agenda ▪1 MARKET SCENARIO ▪2 HIGHLIGHTS ▪3 FINANCIAL RESULTS 3
Slide 5: Highlights
Highlights Main Projects Update: ❑ Longanesi’s gas in achieved on time on March 13th 2025 FY 2024 Results: ❑ FY Ebitda - at 50 M€ - better than expected thanks to a positive 2 H 24 ❑ E&P affected by lower gas price and production levels stable in Romania but decreasing in domestic mature fields ❑ Re
Slide 6: Agenda
Agenda ▪1 MARKET SCENARIO ▪2 HIGHLIGHTS ▪3 FINANCIAL RESULTS E&P RETAIL NETWORK & STORAGE PROJECTS GROUP FINANCIAL RESULTS COMPANY PROFILE 5
Slide 7: Financial Results: E&P
Financial Results: E&P ▪ EBITDA ➢ FY 2024 EBITDA - 40.3% vs FY 2023, mainly due to: FY 2024 P&L - E&P contribution • Lower E&P gas prices in Italy and Romania vs FY 2023 (-21%) E&P (MScme) FY24 FY23 ∆ (%) • Decrease in gas net production volumes from E&P Italy vs FY 2023 (-12%) mainly due to: Hydroc
Slide 8: Financial Results: E&P - Longanesi Project
Financial Results: E&P- Longanesi Project Key activities: ▪ In the first half of 2024, works on the installation of the gas pipeline, started in Q4 2023, were completed ▪ In January 2025, the contract for revamping of the San Potito Gas treatment plant was signed with Rosetti Marino S.p.A. ▪ In Marc
Slide 9: Financial Results: Retail
Financial Results: Retail FY 2024 P&LPrice TTF Gas – Retail contribution – Quarter Ahead ▪ EBITDA recovery in FY 2024 vs FY 2023 (+3.3 M€) due to FY 2024 FY 2023 ✓ Increase in revenues linked to colder temperatures during the second half of the year, compared to the same period of the 9% 11% previou
Slide 10: Financial Results: Network & Storage Projects
Financial Results: Network & Storage Projects ▪ Colder temperatures recorded particularly in 4Q24 led to an increase in consumption in 2024 and consequently in distributed volumes (+5.0%) FY 2024 P&L – Network contribution ▪ EBITDA higher vs FY 2023 (+8.5%) mainly TTF Gas Price – Quarter Ahead thank
Slide 11: Financial Results: Group P&L
Financial Results FYGas TTF 2024 Price––Group QuarterP&L Ahead ▪ Positive economic performance of all Group activities, but decline in EBITDA mainly attributable to a drop 160.8 in both market gas prices and 135.3 productions 70.5 50.1 ▪ Reassessment on assets previously depreciated (+8.5 M€) thanks
Slide 12: Financial Results: EBITDA and Net Result Evolution
Financial Results TTF Gas EBITDA Price – Quarter Breakdown by Ahead BU (M€) TTFNet Group Gas Price Result– Quarter Ahead(M€) Evolution 70.5 50.1 49.2 4.2 8.2 10.8 12.5 7.5 1.5 8.9 60.5 36.1 (8.5) (20.4) (20.1) (2.4) (2.4) FY 23 FY 24 FY 23 EBITDA D&A Financial Other Taxes FY 24 Charges E&P Network R
Slide 13: Financial Results: Group Balance Sheet
Financial Results DecemberTTF 31, 2024 Gas Price –– Quarter Group Ahead Balance Sheet Dec 31, Dec 31, ▪ Negative amount of net working capital Group (M€) ∆ (%) (-3.5 M€) mainly due to the negative 2024 2023 fair value (4.6 M€) of commodity Inventories 3.8 4.1 (7.3%) derivatives (positive fair value
Slide 14: Financial Results: NFP Trend
Financial Results: NFP Trend TTFNFP Group Gas Price – Quarter Historical Ahead(M€) Trend 250.6 212.9 150.5 98.6 85.2 82.2 71.2 41.1 53.0 52.5 42 66 49 50.5 ▪ The NFP confirms significant reduction 23.8 despite investments and reached the lowest level since 2010, despite also including the effects of
Slide 15: Company Profile
Company Profile Shareholding as at 9 April 2025 Share information Share price performance N. of share: 44,909,620 3,70 41.000 3,60 3,50 39.000 20,94% Share price as of 30.12.2024: € 3.22 3,40 Gas Plus Pricing 3,30 FTSE Mib Index 3,20 37.000 2,98% 3,10 Share price as of 9.04.2025: € 2.73 3,00 35.000
Slide 16: Disclaimer
Disclaimer This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of Gas Plus. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are state