Gas Plus S.p.a. · MIL:GSP
Gas Plus — H1 2021 Earnings Presentation
15 slides from Gas Plus's earnings presentation, Sep 10, 2021
Slide 1: Gas Plus Group Analyst Presentation IH 2021 Financial Results
Gas Plus Group Analyst Presentation IH 2021 Financial Results September 10th, 2021* * This document is updated on 6 months basis, occurring after 31 December and 30 June closing 0
Slide 2: Agenda
Agenda ▪1 MARKET SCENARIO ▪2 HIGHLIGHTS ▪3 FINANCIAL RESULTS 1
Slide 3: Market Scenario
Market Scenario TTF Gas Price – Day Ahead TTF Gas TTF vs VTP Romania GasPrice – Quarter Price* – DayAhead Ahead, since July ‘20 Brent TTF Price– Quarter Gas Price – Month+1 Ahead TTF Gas €/$ Price – Quarter Exchange Rate -Ahead Spot (*) source: BRM; in July 2020 the legal market framework in Romania
Slide 4: Agenda
Agenda ▪1 MARKET SCENARIO ▪2 HIGHLIGHTS ▪3 FINANCIAL RESULTS 3
Slide 5: Highlights
Highlights E&P Italian Activities ✓ EBITDA growth (EBITDA +5.3 M€ in IH 2021 vs -1.4 M€ in IH 2020), thanks to the substantial increase in gas (+138%) and oil (+63%) prices, with production nearly stable (-4%). ✓ “Longanesi” project: in the first half of 2021, preliminary activities related to the c
Slide 6: Agenda
Agenda ▪1 MARKET SCENARIO ▪2 HIGHLIGHTS ▪3 FINANCIAL RESULTS E&P RETAIL NETWORK & TRANSPORTATION GROUP FINANCIAL RESULTS COMPANY PROFILE 5
Slide 7: Financial Results: E&P
Financial Results: E&P ▪ Increase in EBITDA due to: ✓ the recovery of macroeconomic scenarios, in particularly hydrocarbon prices. Significant IH 2021 P&L - E&P contribution increase in revenues (+20%), with the production remaining substantially unchanged E&P (MScme) IH21 IH20 ∆ (%) ✓ cost containm
Slide 8: Financial Results: Retail
Financial Results: Retail TTF GasP&L Price -– Retail Quarter Ahead ▪ The first semester of 2021 has been characterized by the following events: IH 2021 IH 2020 ‐ Sharp recovery of gas prices between 2020 and 2021 9% 9% ‐ Drops in temperatures registered, in 11% 10% particular in the last part of the
Slide 9: Financial Results: Network & Transportation
Financial Results: Network & Transportation ▪ The lower temperature registered during TTF Gas Price –(GP Quarter Ahead the first semester of 2021 have led to an IH 2021 P&L – Network Contribution Infrastrutture – Rete Gas Fidenza) increase in the distributed volumes of gas (+9.3%) compared to the la
Slide 10: Financial Results: Group P&L
Financial Results IHGas TTF 2021 Price––Group QuarterP&L Ahead 41,0 41,3 ▪ Overall Revenues are in line with IH20; strong decrease in Operating Costs compared to the previous year 10,1 (-15.5%) which was influenced by the 4,7 presence of non-recurring items related to the BU E&P (€ 2.4 M) IH 2021 IH
Slide 11: 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 +5.4 4.7 10.1 2,1 +0.8 +0.4 4,1 2,7 -0.4 -0.3 4,1 5,1 -2.0 -1,7 -1,2 -4.5 -0,4 IH 20 EBITDA D&A Financial Other Taxes IH 21 IH 20 IH 21 Charges E&P Network Retail Ot
Slide 12: Financial Results: Group Balance Sheet
Financial Results June 30, TTF2021 – Group Gas Price Balance – Quarter Ahead Sheet Jun 30, Dec 31, Group (M€) ∆ (%) 2021 2020 ▪ Strong reduction in Working Capital Inventories 3.7 3.1 19.3% due to the effect of negative value of Receivables 17.2 24.0 (28.3%) hedging derivatives on commodities Payabl
Slide 13: 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 71,2 66,0 75,6 41,1 53,0 52,5 42,0 ▪ NFP remains at low levels, with a decrease in IH21 despite of investments Dec 10 Dec 11 Dec 12 Dec 13 Dec 14 Dec 15 Dec 16 Dec 17 Dec 18 Dec 19 De
Slide 14: Company Profile
Company Profile Shareholding as at 30 June 2021 Share information Share price performance 7.57% N. of share: 44,909,620 2.98% Share price as of 30.06.2021: € 1.94 15.51% Share price as of 9.09.2021: € 2.09 Mkt cap 30.06.2021: € 87.1 million Italian Stock Exchange – segment MTA 73.94% Own shares as o
Slide 15: 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