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Ascopiave Interim / Quarterly Report 2021
4357_ct_2021-11-11_ba25bdc3-2a2a-4d24-ab62-7ce9610a1281.pdf
Interim / Quarterly Report
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G r u p p o A s c o p i a v e 9M 2021 CONSOLIDATED RESULTS
Conference Call Pieve di Soligo, 12th November 2021
| Financial highlights ……………………………………………………………………………………………………………………….……………………………………… |
Pag. 3 | |
|---|---|---|
| Companies consolidated with full consolidation method …………………………………………………………… |
Pag. 7 | |
| Estenergy …………………………………………………………………………………………………………………………………………………………………………………….… |
Pag. 17 | |
| Disclaimer …………………………………………………………….………………………………………………………………………………………………………………………… |
Pag. 19 |
- Ascopiave Group structure as of 30th September 2021
- 9M 2021 consolidated income statement
- Consolidated balance sheet as of 30th September 2021
Companies consolidated with full consolidation method
Estenergy
| 9M 2021 consolidated | income statement |
9M 2021 CONSOLIDATED RESULTS | |||
|---|---|---|---|---|---|
| (Thousand of Euro) | 9M 2021 | 9M 2020 | Chg | Chg % | |
| Revenues | 99.686 | 129.347 | (29.661) | -23% | |
| (Purchase costs for other raw materials) | (1.195) | (1.313) | 118 | -9% | |
| (Costs for services) (Costs for personnel) |
(28.508) (13.619) |
(27.585) (13.748) |
(923) 129 |
+3% -1% |
|
| (Other management costs) | (7.436) | (41.622) | 34.186 | -82% | |
| Other income | 527 | 39 | 488 | +1250% | |
| EBITDA | 49.455 | 45.118 | 4.337 | +10% | |
| (Amortizations and depreciation) | (26.539) | (25.105) | (1.435) | +6% | |
| EBIT | 22.916 | 20.014 | 2.902 | +14% | |
| Financial income / (expenses) Evaluation of companies with net equity method (*) |
2.048 10.482 |
2.298 11.250 |
(250) (768) |
-11% -7% |
|
| EBT (Income taxes) |
35.445 (5.747) |
33.562 (4.756) |
1.884 (991) |
+6% +21% |
|
| Net income | 29.698 | 28.805 | 893 | +3% |
Consolidated balance sheet as of 30th September 2021 9M 2021 CONSOLIDATED RESULTS
| Consolidated balance sheet as of 30th September 2021 | 9M 2021 CONSOLIDATED RESULTS | |||
|---|---|---|---|---|
| (Thousand of Euro) | 30/09/2021 | 31/12/2020 | Chg | Chg % |
| () Tangible assets Non tangible assets () (**) Investments in associates Other fixed assets |
34.036 634.295 511.022 34.396 |
33.443 626.685 515.729 34.276 |
593 7.610 (4.707) 119 |
+2% +1% -1% +0% |
| Fixed assets | 1.213.748 | 1.210.134 | 3.615 | +0% |
| Operating current assets (Operating current liabilities) (Operating non current liabilities) |
86.841 (68.046) (46.955) |
128.046 (98.759) (47.071) |
(41.205) 30.712 116 |
-32% -31% -0% |
| Net working capital | (28.160) | (17.784) | (10.376) | +58% |
| Total capital employed | 1.185.588 | 1.192.350 | (6.761) | -1% |
| Shareholders equity | 851.589 | 853.903 | (2.314) | -0% |
| Net financial position | 333.999 | 338.447 | (4.447) | -1% |
| Total sources | 1.185.588 | 1.192.350 | (6.761) | -1% |
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
Number of gas distribution users
Volumes of gas distributed
(Million of standard cubic meters)
| (Thousand of Euro) (*) | 9M 2021 | 9M 2020 | Chg | Chg % |
|---|---|---|---|---|
| Gas distribution tariff revenues | 81.565 | 81.555 | 11 | +0% |
| Gas distribution tariff revenues | 81.565 | 81.555 | 11 | +0% |
| (Thousand of Euro) | 9M 2021 | 9M 2020 | Chg | Chg % |
| Other revenues | 16.977 | 46.676 | (29.699) | -64% |
| Other costs of raw materials and services Cost of personnel |
(35.468) (13.619) |
(69.364) (13.748) |
33.897 129 |
-49% -1% |
| 4.326 |
- decrease of cost of personnel: + Euro 0,1 mln;
- (*) Economic data before elisions increase of margin on energy efficiency tasks management: + Euro 2,1 mln;
-
-
-
-
-
-- increase of margin on distributor services: + Euro 0,7 mln;
- other variations: + Euro 0,8 mln.
Personnel (1) 9M 2021 CONSOLIDATED RESULTS
Companies consolidated with full consolidation method
principle).
Companies consolidated with full consolidation method
| Net financial position and cash flow (2) |
9M 2021 CONSOLIDATED RESULTS | |||
|---|---|---|---|---|
| (Thousand of Euro) (*) | 30/09/2021 | 31/12/2020 | Chg | Chg % |
| Long term financial borrowings (>12 months) | 164.474 | 195.999 | (31.525) | -16% |
| Current position of long term financial borrowings | 43.386 | 40.024 | 3.362 | +8% |
| Short term financial borrowings (<12 months) | 126.920 | 104.023 | 22.897 | +22% |
| Total financial debt | 334.780 | 340.046 | (5.266) | -2% |
| Fixed rate borrowings | 195.860 | 219.273 | (23.413) | -11% |
9M 2021 average cost of debt: 0,27% (vs 12M 2020 rate: 0,34%)
Companies consolidated with full consolidation method
- Estenergy
- Financial highlights
| (Thousand of Euro) | 9M 2021 | 9M 2020 | ||
|---|---|---|---|---|
| Revenues | 279.866 | 249.910 | ||
| (Purchase costs for other raw materials) (Costs for services) |
(147.014) (98.852) |
(124.887) (94.583) |
||
| (Costs for personnel) (Other management costs) |
(5.719) (451) |
(5.509) (415) |
||
| EBITDA | 27.830 | 24.516 | ||
| (Depreciations and amortizations) + (provisions) | (12.968) | (10.099) | ||
| EBIT | 14.862 | 14.417 | ||
| Financial income / (expenses) | 564 | 594 | ||
| EBT | 15.426 | 15.011 | ||
| (Income taxes) | (4.273) | (2.960) | ||
| Net income | 11.153 | 12.050 |
| Financial highlights | 9M 2021 CONSOLIDATED RESULTS | ||||
|---|---|---|---|---|---|
| Income statement (*) |
Balance sheet (*) |
||||
| (Thousand of Euro) | 9M 2021 | 9M 2020 | (Thousand of Euro) | 30/09/2021 | 31/12/2020 |
| Revenues | 279.866 | 249.910 | Tangible assets Non tangible assets |
1.571 313.310 |
1.812 314.141 |
| (Purchase costs for other raw materials) (Costs for services) |
(147.014) (98.852) |
(124.887) (94.583) |
Investments in associates Other fixed assets |
8.299 166 |
8.424 1.683 |
| (Costs for personnel) (Other management costs) |
(5.719) (451) |
(5.509) (415) |
Fixed assets | 323.346 | 326.061 |
| EBITDA (Depreciations and amortizations) + (provisions) |
27.830 (12.968) |
24.516 (10.099) |
Operating current assets (Operating current liabilities) (Operating non current liabilities) |
97.565 (103.821) (26.406) |
139.482 (93.126) (51.913) |
| EBIT | 14.862 | 14.417 | Net working capital | (32.662) | (5.557) |
| Financial income / (expenses) | 564 | 594 | Total capital employed | 290.684 | 320.504 |
| EBT (Income taxes) |
15.426 (4.273) |
15.011 (2.960) |
Shareholders equity | 341.769 | 348.864 |
| Net income | 11.153 | 12.050 | Net financial position | (51.085) | (28.360) |
Companies consolidated with full consolidation method
Estenergy
- 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, including the Quarterly Reports and the Annual reports. Statements contained in this presentation, particularly the ones regarding any Ascopiave Group possible or assumed future performance, are or may be forward looking statements and in this respect they involve some risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward looking statement. Such factors include, but are not limited to: changes in global economic business, changes in the price of certain commodities including electricity and gas, the competitive market and regulatory factors. Moreover, forward looking statements are currently only at the date they are made. Any reference to past performance of the Ascopiave Group shall not be taken as an indication of the future performance. This document does not constitute an offer or invitation to purchase or subscribe for any shares and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. By attending the presentation you agree to be bound by the foregoing terms.
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