Cez As · PSECZ:CEZ
Cez As — ČEZ, a. s. — Shareholder Meeting (June 2021)
13 slides from Cez As's shareholder meeting presentation, Jun 28, 2021
Slide 1: Annex 1: Board of Directors' Report on the Company's Business Activities
ANNEX 1: BOARD OF DIRECTORS' REPORT ON THE COMPANY'S BUSINESS ACTIVITIES JUNE 28, 2021
Slide 2: A Year with COVID-19: Protection of Operations and Employees
A YEAR WITH COVID-19: PROTECTION OF OPERATIONS AND EMPLOYEES The limitations caused by COVID-19 were handled excellently by the nuclear plants Petr Sůkal, Primary Circuit Operator, ČEZ, Dukovany Nuclear Power Plant “Operating a nuclear reactor is a great responsibility and a professional honor for m
Slide 3: A Year with COVID-19: Helping Others
A YEAR WITH COVID-19: HELPING OTHERS We're helping to trace COVID-19-positive people Andrea Gejdošová, Call Center Operator, ČEZ Prodej, Plzeň "I am ecstatic about possibility to help people. It was a pretty short notice, but when the offer came to get involved in helping the state to trace people p
Slide 4: Changes in Market Prices of Electricity and Emission Allowances in 2020
CHANGES IN THE MARKET PRICES OF ELECTRICITY AND EMISSION ALLOWANCES IN 2020 WERE DETERMINED BY DEVELOPMENTS IN EU REGULATIONS AND IMPACTS OF COVID-19 Prices of Electricity and Emission Allowances in Germany (January 1, 2020–May 4, 2021) Cal22 EUR/MWh; EUA 2022 EUR/t Speculative pressure on EUA The E
Slide 5: CEZ Group's Emission Intensity in 2020 Is Lower Than New CCGT Emissions
CEZ GROUP’S EMISSION INTENSITY IN 2020 IS LOWER THAN THE CO2 EMISSIONS OF NEW CCGT UNITS CEZ Group’s emission intensity (t CO2/MWh of generated electricity) CEZ Group's emission intensity per electricity 0.60 Current emissions of a marginal power plant in generated in 2020 (emissions of 0.33 t CO2/M
Slide 6: Government Concluded Two Agreements with ČEZ and Elektrárna Dukovany II
ON JULY 28, 2020, THE GOVERNMENT OF THE CZECH REPUBLIC CONCLUDED TWO AGREEMENTS WITH ČEZ AND ELEKTRÁRNA DUKOVANY II FOR THE NNPP AT THE DUKOVANY SITE 1) GENERAL AGREEMENT, not binding legally, covers overall cooperation in NNPP construction 2) IMPLEMENTING AGREEMENT FOR STAGE 1 OF THE CONSTRUCTION O
Slide 7: Divestments of Selected Foreign Assets Strengthen Financial Stability
DIVESTMENTS OF SELECTED FOREIGN ASSETS CONTRIBUTE TO STRENGTHENING THE GROUP'S FINANCIAL STABILITY • The objective of the 2019 strategy was to divest part of the assets in selected countries, thereby improving CEZ Group's risk profile. CEZ Group is now focusing on decarbonizing its generation portfo
Slide 8: 2020 Financial Performance: EBITDA, Net Income, Adjusted Net Income
2020 FINANCIAL PERFORMANCE: EBITDA OF CZK 64.8 BN, NET INCOME OF CZK 5.5 BN, ADJUSTED NET INCOME OF CZK 22.8 BN Selected year-on-year effects (at EBITDA level): EBITDA (CZK bn) ADJUSTED NET + Higher realization prices of electricity incl. INCOME (CZK bn) hedging effects in Czechia – Higher expenses
Slide 9: CEZ Group's Net Debt Decreased by Almost CZK 18 bn in 2020
CEZ GROUP’S NET DEBT DECREASED BY ALMOST CZK 18 BN IN 2020 Net debt Net debt as at Other as at December 31, Interest, performance Acquisition December 31, 2019 EBITDA income taxes effects of fixed assets Acquisitions Dividends Other effects 2020 Decrease of net debt by CZK 17.7 bn 143.5 161.2 +64.8
Slide 10: Financial Performance and Rating of ČEZ, a. s.
FINANCIAL PERFORMANCE AND RATING OF ČEZ, A. S. • ČEZ EBITDA increased by 20% to CZK 28.1 bn. • Net profit of ČEZ increased by 21% to CZK 21.1 bn. • Market capitalization of ČEZ as at December 31, 2020 amounted to CZK 276 bn. • ČEZ has paid dividends amounting to CZK 315 bn to its shareholders throug
Slide 11: CEZ Group's Financial Forecast for 2021
CEZ GROUP’S FINANCIAL FORECAST FOR 2021: WE EXPECT EBITDA AT CZK 57–60 BN, NET INCOME ADJUSTED AT CZK 17–20 BN Main year-on-year effects (2021 vs. 2020): EBITDA (CZK bn) ADJUSTED NET − Sale of Romanian and Bulgarian assets INCOME(CZK bn) − Higher expenses on emission allowances for generation − Lowe
Slide 12: Share of Emissions Generation and Mining in EBITDA of Strategic Assets
IN 2021, WE EXPECT THE TOTAL SHARE OF EMISSIONS GENERATION AND MINING IN EBITDA OF STRATEGIC ASSETS TO DECREASE BELOW 10% 2020 EBITDA—Strategic Assets 2021 EBITDA—Strategic Assets (CEZ Group excluding assets held for sale) (CEZ Group excluding assets held for sale) SALES GENERATION - SALES GENERATIO
Slide 13: Initial Strategic Priorities for 2021
INITIAL STRATEGIC PRIORITIES FOR 2021 GENERATION & MINING • Increasing generation at nuclear power plants to over 30.5 TWh • Starting the construction of new RES facilities in Czechia • Fulfilling the decarbonization strategy, incl. outage of Unit 3 of the Mělník power plant (500 MW) • Preparing the