Ascopiave S.p.a. · MIL:ASC

Ascopiave — H1 2023 Earnings Presentation

22 slides from Ascopiave's earnings presentation, Jul 27, 2023

  1. Slide 1: 6M 2023 Consolidated Results Conference Call

    6M 2023 CONSOLIDATED RESULTS Gruppo Ascopiave 6M 2023 CONSOLIDATED RESULTS Conference Call Pieve di Soligo, 27th July 2023 Gruppo 1

  2. Slide 2: Contents

    Contents 6M 2023 CONSOLIDATED RESULTS Financial highlights ……………………………………………………………………………………………………………………….……………………………………… Pag. 3 Companies consolidated with full consolidation method …………………………………………………………….. Pag. 7 Estenergy …………………………………………………………………………………………………………………………………………………………………………………….… Pag.

  3. Slide 3: Contents: Financial highlights

    Contents 6M 2023 CONSOLIDATED RESULTS Financial highlights → Ascopiave Group structure as of 30th June 2023 → 6M 2023 consolidated income statement → Consolidated balance sheet as of 30th June 2023 Companies consolidated with full consolidation method Estenergy Disclaimer Financial highlights 3

  4. Slide 4: Ascopiave Group structure as of 30th June 2023

    Ascopiave Group structure as of 30th June 2023 6M 2023 CONSOLIDATED RESULTS 40% 51% 100% 49% 100% 32.559% (in liquidation) 100% 84.17% 100% 100% 100% ASCO RENEWABLES 100% 100% Eosforo 100% 78.441% Morina 100% 100% Sangineto Energie 60% 100% Salinella Eolico 90% 18.33% Green Factory 3% 55.2% 5% Corpo

  5. Slide 5: 6M 2023 consolidated income statement

    6M 2023 consolidated income statement 6M 2023 CONSOLIDATED RESULTS (Thousand of Euro) 6M 2023 6M 2022 Chg Chg % Revenues 83,897 81,420 2,477 +3% (Purchase costs for other raw materials) (989) (1,339) 350 -26% (Costs for services) (24,848) (25,294) 446 -2% (Costs for personnel) (11,216) (10,034) (1,1

  6. Slide 6: Consolidated balance sheet as of 30th June 2023

    Consolidated balance sheet as of 30th June 2023 6M 2023 CONSOLIDATED RESULTS (Thousand of Euro) 30/06/2023 31/12/2022 Chg Chg % Tangible assets (*) 143,116 138,432 4,684 +3% Non tangible assets (*) 755,270 759,743 (4,473) -1% Investments in associates (**) 407,523 436,287 (28,763) -7% Other fixed as

  7. Slide 7: Contents: Companies consolidated with full consolidation method

    Contents 6M 2023 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method → Operating data → Revenues bridge → EBIT bridge → Gas distribution tariff revenues and revenues from RES → Other net operating costs → Personnel → Capex → Net financial position and cash

  8. Slide 8: Operating data – gas distribution

    Operating data – gas distribution 6M 2023 CONSOLIDATED RESULTS Number of gas distribution users Volumes of gas distributed (Million of standard cubic meters) -15,242 -72.0 -2% -8% 813.5 82.6 889,739 885.5 874,497 730.9 30/06/2023 31/12/2022 6M 2023 6M 2022 New consolidation area (*) (*) Change of co

  9. Slide 9: Operating data – renewable energies

    Operating data – renewable energies 6M 2023 CONSOLIDATED RESULTS Volumes of electricity produced (GWh) +28.1 +65% 71.2 43.1 6M 2023 6M 2022 Companies consolidated with full consolidation method 9

  10. Slide 10: Revenues bridge

    Revenues bridge 6M 2023 CONSOLIDATED RESULTS Revenues bridge (Thousand of Euro) +2,477 +3% 2,776 3,084 4,485 1,709 9,577 81,420 83,897 6M 2022 Change of the Gas Ricavi energie Revenues from Other 6M 2023 consolidation distribution rinnovabili energy revenues area tariff revenues efficiency (*) (**)

  11. Slide 11: EBIT bridge

    EBIT bridge 6M 2023 CONSOLIDATED RESULTS EBIT bridge (Thousand of Euro) +106 +1% 2,776 1,701 866 115 3,620 14,392 14,498 6M 2022 Change of the Gas Ricavi energie Depreciations Other net 6M 2023 consolidation distribution rinnovabili and operating area tariff revenues amortizations costs (*) (**) (*)

  12. Slide 12: Gas distribution tariff revenues and revenues from RES

    Gas distribution tariff revenues and revenues from RES 6M 2023 CONSOLIDATED RESULTS Gas distribution tariff revenues (Thousand of Euro) (*) 6M 2023 6M 2022 Chg Chg % Gas distribution tariff revenues 60,039 54,876 5,162 +9% Gas distribution tariff revenues 60,039 54,876 5,162 +9% Change of the consol

  13. Slide 13: Other net operating costs

    Other net operating costs 6M 2023 CONSOLIDATED RESULTS (Thousand of Euro) 6M 2023 6M 2022 Chg Chg % Other revenues 15,008 20,500 (5,492) -27% Other costs of raw materials and services (33,689) (34,644) 955 -3% Cost of personnel (11,216) (10,034) (1,182) +12% Other net operating costs (29,897) (24,17

  14. Slide 14: Personnel (1) Number of employees

    Personnel (1) 6M 2023 CONSOLIDATED RESULTS Number of employees -5 -1% 508 513 30/06/2023 31/12/2022 Companies consolidated with full consolidation method 14

  15. Slide 15: Personnel (2) Cost of personnel

    Personnel (2) 6M 2023 CONSOLIDATED RESULTS Cost of personnel (Thousand of Euro) +1,182 +12% Change of consolidation area: + Euro 0.3 mln 477 367 Cost of personnel changes of 338 equal consolidation area: ▪ capitalized cost of personnel: + Euro 0.5 mln 10,034 11,216 ▪ other: + Euro 0.4 mln 6M 2022 Ch

  16. Slide 16: Capex

    Capex 6M 2023 CONSOLIDATED RESULTS Capex (*) (Thousand of Euro) +7,413 +28% Change of the consolidation area: Euro 0.7 mln 34,174 (**) 738 Equal consolidation area: ▪ Gas distribution systems: Euro 18.2 mln 33,437 ▪ Gas meters: Euro 6.2 mln 26,761 ▪ Investments in renewable energies: Euro 8.4 mln 6M

  17. Slide 17: Net financial position and cash flow (1)

    Net financial position and cash flow (1) 6M 2023 CONSOLIDATED RESULTS Net financial position and cash flow (Thousand of Euro) 68,748 29,063 36,885 34,532 23,225 29,146 28,145 500,569 411,857 +88,712 +22% 31/12/2022 Cash flow Capex Change in Dividends Change in Realization Firm 30/06/2023 (*) (**) NW

  18. Slide 18: Net financial position and cash flow (2)

    Net financial position and cash flow (2) 6M 2023 CONSOLIDATED RESULTS (Thousand of Euro) (*) 30/06/2023 31/12/2022 Chg Chg % Long term financial borrowings (>12 months) 148,531 178,538 (30,007) -17% Current position of long term financial borrowings 111,874 119,280 (7,406) -6% Bond loans 86,282 94,0

  19. Slide 19: Estenergy

    Contents 6M 2023 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy → Financial highlights Disclaimer Estenergy 19

  20. Slide 20: Estenergy Financial highlights

    Financial highlights 6M 2023 CONSOLIDATED RESULTS Income statement (*) Balance sheet (*) (Thousand of Euro) 6M 2023 6M 2022 (Thousand of Euro) 30/06/2023 31/12/2022 Tangible assets 3,990 4,100 Revenues 623,055 834,037 Non tangible assets 632,576 634,106 Investments in associates 17,061 17,717 (Purch

  21. Slide 21: Disclaimer

    Contents 6M 2023 CONSOLIDATED RESULTS Financial highlights Companies consolidated with full consolidation method Estenergy Disclaimer Disclaimer 21

  22. Slide 22: Disclaimer

    Disclaimer 6M 2023 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

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