Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

EVN AG Investor Presentation 2016

Aug 25, 2016

742_ip_2016-08-25_c0090fb6-426f-4234-a45d-4620ac452df5.pdf

Investor Presentation

Open in viewer

Opens in your device viewer

EVN Conference CallQ. 1–3 2015/16 Results

25 August 2016

  • \$ Increase in electricity generation by 19.5%
  • Frequent use of thermal power plants to support network stability
  • Lower renewable generation due to substantially weaker wind and water flows
  • \$ Operating improvements along the entire value chain of EVN's energy business
  • \$ New contract for turn-key wastewater project in Vodice, Croatia
  • \$Increase in EBITDA, EBIT and Group net result

Key financials Q. 1–3 2015/16

2
0
1
5
/
1
6		 /–
+
E
U
Rm		 Q
1-
3		 in
%
R
e
v
e
n
u
e		 1,
6
1
6.
6		 -2
9
E
B
I
T
D
A		 2
5
5.
4		 5.
7
i
i
d
i
i
D
t
t
t
e
p
r
e
c
a
o
n
a
n
a
m
o
r
s
a
o
n		 -2
2
6.
1		 -7
3
E
B
I
T		 2
9
9.
3		 4.
5
i
i
l
l
F
t
n
a
n
c
a
r
e
s
u
s		 -3
9.
5		 4.
2
l
G
t
t
r
o
u
p
n
e
r
e
s
u		 1
9
8.
8		 6.
3
f
f
h
l
N
t
e
c
a
s
o
r
o
m
w
i
i
i
i
t
t
t
o
p
e
r
a
n
g
a
c
v
e
s		 3
9
7.
7		 2
5.
8
h
E
i
a
r
n
n
g
s
p
e
r
s
a
r
e		 1.
1
2		 6.
4

\$Revenue below previous year

  • Lower revenue from mild winter in Bulgaria and liberalisation steps in SEE
  • Higher revenue from thermal generation and Austrian network business

\$ Increase in EBITDA, EBIT and Group net result

  • Lower electricity purchases and primary energy expenses
  • Reduction of operating expenses

\$Increase in financial results

Absence of previous year's one-off financial costs (termination of interest hedge and federal guarantee for the sodium hypochlorite project in Moscow)

Solid balance sheet structure, reduced net debt

  • \$Improvement of equity ratio to 41.7% (30 September 2015: 39.8%)
  • \$Reduction of net debt to EUR 1,098.8m (30 September 2015: EUR 1,230.9m)
  • \$Gearing decreased to 40.2% (30 September 2015: 47.5%)

EBITDA development by segments

Generation

2
0
6
1
5
/
1		 /–
+
l
l
i
i
i
E
t
t
t
e
c
r
c
y
g
e
n
e
r
a
o
n
v
o
u
m
e
s
(
h)
GW		 Q
3
1-		 in
%
l
T
t
o
a		 4,
0
5
6		 2
4.
4
b
l
R
e
n
e
w
a
e
e
n
e
r
g
y
s
o
u
r
c
e
s		 1,
2
2
0		 -7
5
h
l
T
e
r
m
a
e
n
e
r
g
y
s
o
u
r
c
e
s		 2,
8
3
6		 4
6.
1
2
0
6
1
5
/
1		 /–
+
i
i
l
f
F
n
a
n
c
a
p
e
r
o
r
m
a
n
c
e
(
)
EU
Rm		 Q
1-
3		 in
%		 \$
R
e
v
e
nu
e		 1
7
1.
1		 -0
1		 \$
E
B
I
T
D
A		 8
8.
4		 4.
1
E
B
I
T		 6.
4
7		 3.
3
7

Increase of electricity production

  • Frequent use of thermal power plants to support network stability
  • Decline in renewable production due to lower wind and water flows

Slight improvement in EBITDA

\$Rise in EBIT

\$

Absence of prior year's impairment effects (related to Dürnrohr coal-fired power plant)

Energy Trade and Supply

/-
in
%
+		 d
j
A
tm
t
us
en
0
%
-7		 0
1.
0
5.
2
0
1
6
%
-5
0		 0
1.
1
0.
2
0
1
5
2
0
1
5
/
1
6		 /–
+
Q
1-
3		 in
%
9
6
4,
5		 3
-4
4,
8
2
4		 -2
3
6
2
3
1,		 4.
4
2
0
1
5
/
1
6		 /–
+
Q
3
1-		 in
%
3
8
5.
1		 0.
9
9
2.
0		 2
2.
8

79.0 26.6

\$ Different development of sales volumes

  • Decline in electricity and natural gas sales volumes
  • Increase in heat sales volumes

\$ Increase in revenue, EBITDA and EBIT

  • Revenue growth due to marketing of own thermal production
  • Lower operating expenses (especially primary energy expenses)

EBIT

1)
l
f
i
f
f
D
t
t
e
v
e
o
p
m
e
n
o
a
r
s		 in
%
/-
+		 d
A
j
tm
t
us
en
l
i
i
E
t
t
e
c
r
c
y		 1
1.
0
%		 0
1.
0
1.
2
0
1
6
l
N
t
a
u
r
a
g
a
s		 0
%
1
1.		 0
1.
0
1.
2
0
1
6
k
d
i
i
b
i
N
t
t
t
e
o
r
s
r
o
n
w
u		 2
0
1
5
/
1
6		 /–
+
l
v
o
u
m
e
s
(
h)
GW		 Q
1-
3		 in
%
l
i
i
E
t
t
e
c
r
c
y		 6,
2
3
0		 3
1.
2)
l
N
t
a
r
a
g
a
s
u		 1
3,
9
9
1		 8.
8
2
0
1
5
/
1
6		 /–
+
i
i
l
f
F
n
a
n
c
a
p
e
r
o
r
m
a
n
c
e
(
)
EU
Rm		 Q
1-
3		 in
%
R
e
v
e
n
u
e		 3
8
1.
9		 4.
3
E
B
I
T
D
A		 9
2.
1
1		 2.
8
1
E
B
I
T		 1
1
0.
1		 1
8.
5

\$ Increase in network distribution volumes

  • Growth of electricity volumes in the industrial customer segment
  • Positive volume impact on gas distribution from use of EVN's gas-fired power plants

\$ Improvement in revenue, EBITDA and EBIT

  • Positive price- and volume-effects
  • Lower operating expenses

2)Including network sales to EVN's power stations

1) Average; according to the Austrian regulator

Energy Supply South East Europe

1)
d
i
E
t
n
c
s
o
m
e
r
p
r
c
e
s
u		 in
%
/–
+		 d
j
A
tm
t
us
en
l
i
B
g
a
r
a
u		 l
i
i
t
t
e
e
c
r
c
y		 %
-0
4		 0
1.
0
8.
2
0
1
5
0.
8
3
%
+		 0
1.
0
7.
2
0
1
6
h
t
e
a		 %
-7
0		 0
1.
0
7.
2
0
1
5
-0
7
%		 0
1.
1
0.
2
0
1
5
-2
%
5		 0
1.
0
7.
2
0
1
6
d
i
M
a
c
e
o
n
a		 l
i
i
t
t
e
e
c
r
c
y		 %
-0
3		 0
1.
0
7.
2
0
1
5
-0
2
5
%		 0
1.
0
7.
2
0
1
6
b
K
e
y
e
n
e
r
g
y
u		 i
s
n
e
s
s		 2
0
6
1
5
/
1		 /–
+
d
i
i
t
n
c
a
o
r
s
(
h)
GW		 Q
1-
3		 in
%
l
i
i
E
t
t
e
c
r
c
y
g
e
n
e
r
a		 l
i
t
o
n
v
o
u
m
e
s		 3
6
5		 -1
1.
9
k
d
b
N
i
i
t
t
e
w
o
r
s
r
u		 2)
l
i
t
o
n
v
o
u
m
e
s		 1
0,
2
5
0		 -1
7
l
l
H
t
e
a
s
a
e
s
v
o
u
m		 e
s		 1
7
1		 3.
-1
7
2
0
6
1
5
/
1		 /–
+
f
i
i
l
F
n
a
n
c
a
p
e
r
o		 r
m
a
n
c
e
(
)
EU
Rm		 Q
1-
3		 in
%
R
e
e
n
e
v
u		 7
3
5.
9		 -8
0

Decline in revenue

\$

  • Lower energy demand in Bulgaria due to unusually mild temperatures and liberalisation steps
  • Lower water flows in Macedonia

\$EBITDA increase

  • Lower energy procurement costs (due to lower sales volumes and further reduction of network losses)
  • Improvement in collection of receivables

\$EBIT decrease

Impairment effect of EUR 26.1m related to heating business of TEZ Plovdiv

1) Average; household sector; according to regulators in Bulgaria and Macedonia

11.3 -66.4

86.6 8.8

EBITDA

EBIT

2)Energy sales volumes in Bulgaria and Macedonia fairly equal to network distribution volumes

Environmental Services

f
i
i
l
F
n
a
n
c
a
p
e
r
o
r
m
a
n
c
e
(
)
EU
Rm		 2
0
6
1
5
/
1
Q
1-
3		 /–
+
in
%
R
e
e
n
e
v
u		 1
3
2.
3		 3.
8
E
B
I
T
D
A		 2
8.
3		 -2
3.
5
E
B
I
T		 9.
0		 -4
7.
5
l
l
F
i
i
t
n
a
n
c
a
r
e
s
u
s		 -1
6		 7
5.
2
l
b
f
i
R
t
t
e
s
u
e
o
r
e
n
c
o
m
e
a
x		 7.
4		 -3
0.
7

\$Increase in revenue

  • Volume growth in both, drinking water supplies and thermal waste incineration in Lower Austria
  • Higher revenue from international project business

\$ Decrease in EBITDA and EBIT; increase in financial results

Absence of previous year's one-off effects from sale of sodium hypochlorite plant in Moscow

\$ New contract in international projects business

Turn-key wastewater treatment project in Vodice (Croatia)

Cash flows

2
0
6
1
5
/
1		 /–
+
E
U
Rm		 Q
1-
3		 in
%
G
C
F
r
o
s
s		 4
5
0.
0		 1
6.
1
f
N
C
F
i
i
i
i
t
t
t
t
e
r
o
m
o
p
e
r
a
n
g
a
c
v
e
s		 3
9
7.
7		 2
5.
8
f
C
i
i
i
i
i
N
t
F
t
t
t
e
r
o
m
n
v
e
s
n
g
a
c
v
e
s		 6
-1
1.
4		 –
f
f
i
i
i
i
i
N
C
F
t
t
t
e
r
o
m
n
a
n
c
n
g
a
c
e
s
v		 -2
1
5.
2		 3
6.
8
h
h
N
i
t
e
c
a
n
g
e
n
c
a
s
d
h
l
i
t
a
n
c
a
s
e
q
u
v
a
e
n
s		 2
1.
1		 0.
8
  • \$ Increase of operating cash flow
  • Strong operating performance

  • \$ Changes in the cash flow from investing as well as financing activities influenced by last year's sale of sodium hypochlorite plant

  • \$ Group net result for 2015/16 is expected to remain largely stable

  • \$ EVN's strategy remains unchanged
  • Commitment to integrated business model
  • Focus on supply security through ongoing network expansion
  • Further increase of renewable generation capacities in Lower Austria
  • Consolidation of energy business in South Eastern Europe

Additional information

Stefan Szyszkowitz, CFOPhone: +43 2236 200-12132E-mail:[email protected]

Investor Relations:Gerald Reidinger

Phone: +43 2236 200-12698E-mail:[email protected]

Alexander Sipek

Phone: +43 2236 200-12360E-mail:[email protected]

Matthias Neumüller

Phone: +43 2236 200-12128E-mail:[email protected]

Doris Lohwasser

Phone: +43 2236 200-12473E-mail:[email protected]

Investor information on the web

www.evn.atwww.investor.evn.atwww.responsibility.evn.atE-mail: [email protected]

EVN AG

HeadquartersEVN Platz2344 Maria Enzersdorf

Financial calendar

www.investor.evn.at/financial-calenderNext event: Results FY 2015/16, 13 December 2016

Disclaimer

Certain statements made in this presentation may constitute "Forward-Looking Statements" within the meaning of the U.S. federal securities law. Forwardlooking information is subject to various known and unknown risks and uncertainties. These include statements concerning our expectations and other statements that are not historical facts.

The Company believes any such statements are based on reasonable assumptions and reflect the judgement of EVN's management based on factors currently known by it.

No assurance can be given that these forward-looking statements will prove accurate and correct, or that anticipated, projected future results will be achieved.

For additional information regarding risks, investors are referred to EVN's latest Annual report.

More from EVN AG

Interim / Quarterly Report 2026
May 28
Interim / Quarterly Report 2026
May 28
Earnings Release 2026
May 28
Transaction in Own Shares 2026
May 22
Transaction in Own Shares 2026
May 22
Transaction in Own Shares 2026
May 22
Regulatory Filings 2026
Apr 28
Director's Dealing 2026
Mar 5
Director's Dealing 2026
Mar 5
Director's Dealing 2026
Mar 5
View all filings →