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Soecietatea Energetica Electrica S.A.
Investor Presentation • Feb 14, 2024
2280_iss_2024-02-14_fc3ca3f4-ed38-42e7-a0a4-45642296286e.pdf
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Societatea Energetica Electrica S.A. 9, Grigore Alexandrescu str. 010621 District 1, Bucharest, Romania Phone: +4021-208 59 99 Fiscal Registration Certificate RO 13267221 J40/7425/2000 Share capital: 3,464,435,970 RON www.electrica.ro
Q4 2023 Preliminary Key Operational Indicators
This report provides the main preliminary operational indicators of Electrica Group for the fourth quarter of 2023. Electrica Group's preliminary consolidated financial results as at and for the twelve months period ended 31 December 2023 will be published on 29 February 2024. The information included in this report could change or differ significantly from the final data that will be included in the quarterly report for Q4 2023. The values marked in yellow below are revised/modified compared to the previous preliminary reporting, respectively the one related to Q3 2023.
Preliminary key information for Electrica Group's main segments of activity:
Quarterly values
| Distribution segment | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Q4/23 | Q3/23 | Q2/23 | Q1/23 | Q4/22 | Q3/22 | Q2/22 | Q1/22 | Q4/21 | Q3/21 | Q2/21 | Q1/21 | ||
| GWh | Volumes of electricity distributed | 4,505.9 | 4,269.7 | 4,014.6 | 4,261.6 | 4,359.3 | 4,384.3 | 4,299.6 | 4,685.6 | 4,670.0 | 4,611.6 | 4,461.1 | 4,739.9 |
| GWh | High voltage | 589.1 | 574.6 | 566.5 | 576.3 | 572.9 | 570.1 | 648.3 | 632.2. | 636.7 | 646.9 | 662.4 | 618.8 |
| GWh | Medium voltage | 1,635.5 | 1,708.7 | 1,611.2 | 1,620.9 | 1,607.2 | 1,769.3 | 1,748.2 | 1,729.8 | 1,748.1 | 1,885.5 | 1,745.3 | 1,789.2 |
| GWh | Low voltage | 2,281.3 | 1,986.5 | 1,836.8 | 2,064.4 | 2,179.2 | 2,044.9 | 1,903.1 | 2,323.6 | 2,285.3 | 2,079.2 | 2,053.4 | 2,332.0 |
| GWh | Electricity needed to cover network losses (NL) | 439.1 | 322.7 | 470.0 | 654.5 | 452.3 | 319.7 | 481.1 | 629.5 | 601.1 | 375.3 | 434.5 | 709.6 |
| RON mn | Assets' commissioning (CAPEX PIF) | 451.9 | 112.8 | 162.2 | 50.3 | 289.5 | 77.1 | 67.4 | 42.6 | 267.5 | 105.0 | 100.0 | 66.7 |
| RON mn | MN | 133.0 | 41.1 | 57.2 | 26.0 | 85.9 | 30.8 | 23.4 | 12.3 | 98.2 | 32.8 | 24.7 | 15.2 |
| RON mn | TN | 153.3 | 51.5 | 33.5 | 14.8 | 110.1 | 17.8 | 29.6 | 21.7 | 69.1 | 50.3 | 36.2 | 31.7 |
| RON mn | TS | 165.6 | 20.2 | 71.5 | 9.4 | 93.5 | 28.5 | 14.4 | 8.6 | 100.1 | 21.9 | 39.2 | 19.8 |
Source: Electrica
Supply segment
| Q4/23 | Q3/23 | Q2/23 | Q1/23 | Q4/22 | Q3/22 | Q2/22 | Q1/22 | Q4/21 | Q3/21 | Q2/21 | Q1/21 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GWh | Volumes of electricity supplied on retail market | 2,096.2 | 1,838.3 | 1,787.8 | 2,091.5 | 2,232.6 | 2,197.8 | 1,856.4 | 2,307.6 | 2,475.4 | 2,304.7 | 2,205.0 | 2,427.8 |
| GWh | Competitive segment | 1,201.3 | 1,013.3 | 896.7 | 1,048.0 | 1,191.9 | 1,287.9 | 1,312.8 | 1,568.7 | 1,662.6 | 1,571.3 | 1,266.2 | 1,127.8 |
| GWh | service and SoLR1 segment2 Univ. segment/reg. |
894.9 | 825.0 | 891.1 | 1,043.5 | 1,040.7 | 910.0 | 543.6 | 738.9 | 812.8 | 733.4 | 938.8 | 1,300.0 |
| GWh | Volumes of natural gas supplied on retail market | 199.3 | 74.3 | 119.9 | 283.9 | 206.2 | 235.6 | 199.7 | 288.5 | 259.6 | 38.7 | 86.6 | 132.1 |
| th | Number of consumption places - electricity |
3,495.5 | 3,497.9 | 3,487.9 | 3,494.5 | 3,497.8 | 3,511.9 | 3,511.6 | 3,516.5 | 3,509.5 | 3,544.7 | 3,514.3 | 3,567.2 |
| th | Competitive segment | 1,724.0 | 1,695.5. | 1,654.8 | 1,643.7 | 1,644.9 | 1,666.0 | 1,663.1 | 1,631.9 | 1,556.3 | 1,482.5 | 1,244.1 | 626.0 |
| th | service and SoLR1 segment2 Univ. segment/reg. |
1,771.5 | 1,802.4 | 1,833.1 | 1,850.7 | 1,853.0 | 1,845.9 | 1,848.5 | 1,884.5 | 1,953.2 | 2,062.2 | 2,270.2 | 2,941.2 |
Source: Electrica
Cummulated values - as of each period mentioned
Distribution segment
| 12M/23 | 9M/23 | 6M/23 | 3M/23 | 12M/22 | 9M/22 | 6M/22 | 3M/22 | 12M/21 | 9M/21 | 6M/21 | 3M/21 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GWh | Volumes of electricity distributed | 17,051.7 | 12,545.9 | 8,276.2 | 4,261.6 | 17,728.8 | 13,369.5 | 8,985.2 | 4,685.6 | 18,482.6 | 13,812.6 | 9,201.0 | 4,739.9 |
| GWh | High voltage | 2,306.5 | 1,717.4 | 1,142.8 | 576.3 | 2,423.5 | 1,850.6 | 1,280.5 | 632.2 | 2,564.7 | 1,928.0 | 1,281.2 | 618.8 |
| GWh | Medium voltage | 6,576.3 | 4,940.8 | 3,232.2 | 1,620.9 | 6,854.5 | 5,247.3 | 3,478.0 | 1,729.8 | 7,168.0 | 5,420.0 | 3,534.4 | 1,789.2 |
| GWh | Low voltage | 8,160.0 | 5,887.7 | 3,901.2 | 2,064.4 | 8,450.8 | 6,271.6 | 4,226.7 | 2,323.6 | 8,749.9 | 6,464.6 | 4,385.4 | 2,332.0 |
| GWh | Electricity needed to cover network losses (NL) | 1,886.3 | 1,447.2 | 1,124.5 | 654.5 | 1,882.6 | 1,430.3 | 1,110.6 | 629.5 | 2,120.6 | 1,519.4 | 1,144.1 | 709.6 |
| RON mn | Assets' commissioning (CAPEX PIF) | 777.1 | 325.2 | 212.4 | 50.3 | 476.6 | 187.1 | 110.0 | 42.6 | 539.2 | 271.7 | 166.7 | 66.7 |
| RON mn | MN | 257.3 | 124.3 | 83.2 | 26.0 | 152.4 | 66.5 | 35.7 | 12.3 | 170.9 | 72.7 | 39.8 | 15.2 |
| RON mn | TN | 253.0 | 99.8 | 48.3 | 14.8 | 179.2 | 69.1 | 51.3 | 21.7 | 187.3 | 118.2 | 67.9 | 31.7 |
| RON mn | TS | 266.7 | 101.2 | 81.0 | 9.4 | 145.0 | 51.5 | 23.0 | 8.6 | 181.0 | 80.8 | 59.0 | 19.8 |
Source: Electrica
Supply segment
| 12M/23 | 9M/23 | 6M/23 | 3M/23 | 12M/22 | 9M/22 | 6M/22 | 3M/22 | 12M/21 | 9M/21 | 6M/21 | 3M/21 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GWh | Volumes of electricity supplied on retail market | 7,813.8 | 5,717.6 | 3,879.3 | 2,091.5 | 8,594.3 | 6,361.8 | 4,163.9 | 2,307.6 | 9,412.9 | 6,937.5 | 4,632.8 | 2,427.8 |
| GWh | Competitive segment | 4,159.3 | 2,958.0 | 1,944.7 | 1,048.0 | 5,361.2 | 4,169.3 | 2,881.5 | 1,568.7 | 5,628.0 | 3,965.3 | 2,394.0 | 1,127.8 |
| GWh | service and SoLR1 segment2 Univ. segment/reg. |
3,654.5 | 2,759.6 | 1,934.6 | 1,043.5 | 3,233.1 | 2,192.4 | 1,282.5 | 738.9 | 3,785.0 | 2,972.2 | 2,238.8 | 1,300.0 |
| GWh | Volumes of natural gas supplied on retail market | 677.4 | 478.1 | 403.8 | 283.9 | 929.9 | 723.7 | 488.1 | 288.5 | 516.9 | 257.3 | 218.7 | 132.1 |
| th | Number of consumption places - electricity |
3,495.5 | 3,497.9 | 3,487.9 | 3,494.5 | 3,497.8 | 3,511.9 | 3,511.6 | 3,516.5 | 3,509.5 | 3,544.7 | 3,514.3 | 3,567.2 |
| th | Competitive segment | 1,724.0 | 1,695.5 | 1,654.8 | 1,643.7 | 1,644.9 | 1,666.0 | 1,663.1 | 1,631.9 | 1,556.3 | 1,482.5 | 1,244.1 | 626.0 |
| th | service and SoLR1 segment2 Univ. segment/reg. |
1,771.5 | 1,802.4 | 1,833.1 | 1,850.7 | 1,853.0 | 1,845.9 | 1,848.5 | 1,884.5 | 1,953.2 | 2,062.2 | 2,270.2 | 2,941.2 |
Source: Electrica
Note 1: SoLR - supplier of last resort
Note 2: As of 1 January 2021, the electricity market has been completely liberalized; the term "regulated segment" refers to the period up to this date Note 3: The values in yellow from CAPEX PIF represent some revisions according to ANRE regulations/recognition
Contact details:
Electrica Investor Relations
E-mail: [email protected]
Societatea Energetica Electrica S.A. 9, Grigore Alexandrescu str. 010621 District 1, Bucharest, Romania Phone: +4021-208 59 99 Fiscal Registration Certificate RO 13267221 J40/7425/2000 Share capital: 3,464,435,970 RON www.electrica.ro
Disclaimer
This report does not represent a recommendation/ offer/ invitation to contract or buy shares. This report contains information regarding preliminary key-operational indicators of Electrica Group's companies, so this forward-looking information is neither guarantees for future performance nor a forecast for the real data or otherwise, being risky or uncertain. The real results could differ significantly from the data in this report.
Therefore, Electrica undertakes no responsibility/liability for any damages that may occur from using this forward-looking information. The data in this report are selective and may requires updates, revisions and changes in the certain circumstances. Electrica assumes no obligation or commitment to publish any update, revision or modification of any information contained in this report, unless required by the applicable law.
CEO
Alexandru-Aurelian Chirita