Ascopiave S.p.a. · MIL:ASC
Ascopiave — Q1 2022 Earnings Presentation
21 slides from Ascopiave's earnings presentation, May 13, 2022
Slide 1: 3M 2022 Consolidated Results
3M 2022 CONSOLIDATED RESULTS Gruppo Ascopiave 3M 2022 CONSOLIDATED RESULTS Conference Call Pieve di Soligo, 13th May 2022 Gruppo 1
Slide 2: Contents
Contents 3M 2022 CONSOLIDATED RESULTS Financial highlights ……………………………………………………………………………………………………………………….……………………………………… Pag. 3 Companies consolidated with full consolidation method …………………………………………………………….. Pag. 7 Estenergy …………………………………………………………………………………………………………………………………………………………………………………….… Pag.
Slide 3: Contents: Financial highlights
Contents 3M 2022 CONSOLIDATED RESULTS Financial highlights → Ascopiave Group structure as of 31st March 2022 → 3M 2022 consolidated income statement → Consolidated balance sheet as of 31st March 2022 Companies consolidated with full consolidation method Estenergy Disclaimer Financial highlights 3
Slide 4: Ascopiave Group structure as of 31st March 2022
Ascopiave Group structure as of 31st March 2022 3M 2022 CONSOLIDATED RESULTS 48% 100% 100% 100% 51% 100% 49% 100% 100% 100% 100% 100% 32.559% (in liquidation) 100% 3% ASCO RENEWABLES 100% 5% Eosforo 75% 79.74% Morina 100% 100% Sangineto Energie 60% 18.33% Salinella Eolico Corporate services to Gas a
Slide 5: 3M 2022 consolidated income statement
3M 2022 consolidated income statement 3M 2022 CONSOLIDATED RESULTS (Thousand of Euro) 3M 2022 3M 2021 Chg Chg % Revenues 34.139 38.456 (4.318) -11% (Purchase costs for other raw materials) (895) (972) 76 -8% (Costs for services) (11.428) (9.584) (1.844) +19% (Costs for personnel) (5.140) (4.351) (78
Slide 6: Consolidated balance sheet as of 31st March 2022
Consolidated balance sheet as of 31st March 2022 3M 2022 CONSOLIDATED RESULTS (Thousand of Euro) 31/03/2022 31/12/2021 Chg Chg % Tangible assets (*) 119.658 58.012 61.646 +106% Non tangible assets (*) 659.441 647.279 12.162 +2% Investments in associates (**) 534.848 521.359 13.490 +3% Other fixed as
Slide 7: Contents: Companies consolidated with full consolidation method
Contents 3M 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 3M 2022 CONSOLIDATED RESULTS Number of gas distribution users Volumes of gas distributed (Million of standard cubic meters) -285 -29,1 -0% -4% 669,9 777.573 777.858 640,7 31/03/2022 31/12/2021 3M 2022 3M 2021 Companies consolidated with full consolidation method 8
Slide 9: Operating data – renewable energies
Operating data – renewable energies 3M 2022 CONSOLIDATED RESULTS Volumes of electricity produced (GWh) +14,1 n.a. 14,1 0,0 3M 2022 3M 2021 Companies consolidated with full consolidation method 9
Slide 10: Revenues bridge
Revenues bridge 3M 2022 CONSOLIDATED RESULTS Revenues bridge (Thousand of Euro) -4.318 -11% (*) (*) Tariff revenues include the tariff component for the recovery of the fee paid to local entities according to art. 46-bis DL 159/2007. Companies consolidated with full consolidation method 10
Slide 11: EBIT bridge
EBIT bridge 3M 2022 CONSOLIDATED RESULTS EBIT bridge (Thousand of Euro) -4.110 -59% (*) (*) Further details on page 12 of the current presentation. Companies consolidated with full consolidation method 11
Slide 12: Gas distribution tariff revenues and other net operating costs
Gas distribution tariff revenues and other net operating costs 3M 2022 CONSOLIDATED RESULTS (Thousand of Euro) (*) 3M 2022 3M 2021 Chg Chg % Gas distribution tariff revenues 25.816 26.685 (869) -3% Gas distribution tariff revenues 25.816 26.685 (869) -3% (Thousand of Euro) 3M 2022 3M 2021 Chg Chg %
Slide 13: Personnel (1)
Personnel (1) 3M 2022 CONSOLIDATED RESULTS Number of employees +10 +2% 481 471 11 470 31/03/2022 31/12/2021 New consolidation area Companies consolidated with full consolidation method 13
Slide 14: Personnel (2)
Personnel (2) 3M 2022 CONSOLIDATED RESULTS Cost of personnel (Thousand of Euro) +789 +18% Change of consolidation area: + Euro 0.2 mln Cost of personnel changes of equal consolidation area: ▪ capitalized cost of personnel: - Euro 0.2 mln ▪ other: + Euro 0.8 mln Companies consolidated with full conso
Slide 15: Capex
Capex 3M 2022 CONSOLIDATED RESULTS Capex (*) (Thousand of Euro) +2.100 +19% Change of the consolidation area (renewable energies): 13.065 (**) Euro 1.9 mln 1.929 10.965 Equal consolidation area: ▪ Gas distribution systems: Euro 8.2 mln 11.135 ▪ Gas meters: Euro 2.6 mln ▪ Investments in hardware and
Slide 16: Net financial position and cash flow (1)
Net financial position and cash flow (1) 3M 2022 CONSOLIDATED RESULTS Net financial position and cash flow (Thousand of Euro) -55.849 +16% (*) (**) (***) (*) Cash flow = net income + amortizations and depreciation; (**) Net investments in tangible and intangible assets; (***) Price paid: - Euro 45.4
Slide 17: Net financial position and cash flow (2)
Net financial position and cash flow (2) 3M 2022 CONSOLIDATED RESULTS (Thousand of Euro) (*) 31/03/2022 31/12/2021 Chg Chg % Long term financial borrowings (>12 months) 205.814 161.488 44.326 +27% Current position of long term financial borrowings 66.497 60.631 5.866 +10% Bond loans 95.000 25.000 70
Slide 18: Estenergy
Contents 3M 2022 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy → Financial highlights Disclaimer Estenergy 18
Slide 19: Estenergy Financial highlights
Financial highlights 3M 2022 CONSOLIDATED RESULTS Income statement (*) Balance sheet (*) (Thousand of Euro) 3M 2022 3M 2021 (Thousand of Euro) 31/03/2022 31/12/2021 Tangible assets 2.186 2.268 Revenues 269.027 135.540 Non tangible assets 309.639 311.300 Investments in associates 8.814 8.540 (Purchas
Slide 20: Disclaimer
Contents 3M 2022 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy Disclaimer Disclaimer 20
Slide 21: Disclaimer
Disclaimer 3M 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