Business Strategy Execution

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Energy

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2021-2025

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#1INVESTORS' PRESENTATION November 2022 edp#2Disclaimer edp This document has been prepared by EDP - Energias de Portugal, S.A. (the "Company") solely for use at the presentation to be made on this date and its purpose is merely of informative nature and, as such, it may be amended and supplemented and it should be read as a summary of the matters addressed or contained herein. By attending the meeting where this presentation is made, or by reading the presentation slides, you acknowledge and agree to be bound by the following limitations and restrictions. This presentation may not be distributed to the press or to any other person in any jurisdiction, and may not be reproduced in any form, in whole or in part for any other purpose without the express and prior consent in writing of the Company. This presentation and all materials, documents and information used therein or distributed to investors in the context of this presentation do not constitute or form part of and should not be construed as, an offer (public or private) to sell or issue or the solicitation of an offer (public or private) to buy or acquire securities of the Company or any of its affiliates or subsidiaries in any jurisdiction or an inducement to enter into investment activity in any jurisdiction. Neither this presentation nor any materials, documents and information used therein or distributed to investors in the context of this presentation or any part thereof, nor the fact of its distribution, shall form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever and may not be used in the future in connection with any offer (public or private) in relation to securities issued by the Company. Any decision to invest in any securities of the Company or any of its affiliates or subsidiaries in any offering (public or private) should be made solely on the basis of the information to be contained in the relevant prospectus, key investor information or final offering memorandum provided to the investors and to be published in due course in relation to any such offering and/or public information on the Company or any of its affiliates or subsidiaries available in the market. Matters discussed in this presentation may constitute forward-looking statements. Forward- looking statements are statements other than in respect of historical facts. The words "believe," "expect," "anticipate," "intends," "estimate," "will," "may", "continue," "should" and similar expressions usually identify forward-looking statements. Forward-looking statements include statements regarding: objectives, goals, strategies, outlook and growth prospects; future plans, events or performance and potential for future growth; liquidity, capital resources and capital expenditures; economic outlook and industry trends; energy demand and supply; developments of the Company's markets; the impact of legal and regulatory initiatives; and the strength of the Company's competitors. The forward- looking statements in this presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Important factors that may lead to significant differences between the actual results and the statements of expectations about future events or results include the company's business strategy, financial strategy, national and international economic conditions, technology, legal and regulatory conditions, public service industry developments, hydrological conditions, cost of raw materials, financial market conditions, uncertainty of the results of future operations, plans, objectives, expectations and intentions, among others. Such risks, uncertainties, contingencies and other important factors could cause the actual results, performance or achievements of the Company or industry results to differ materially from those results expressed or implied in this presentation by such forward-looking statements. The information, opinions and forward-looking statements contained in this presentation speak only as at the date of this presentation, and are subject to change without notice unless required by applicable law. The Company and its respective directors, representatives, employees and/or advisors do not intend to, and expressly disclaim any duty, undertaking or obligation to, make or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this presentation to reflect any change in events, conditions or circumstances. 9M22 | Results Presentation 2#3We are a global company, leader in the energy sector, present in 29 markets throughout different stages of the value chain ~62% Renewables ☆ # % Weight on EBITDA 2021 Wind, Solar & Hydro 20º ~36% Networks Distribution Transmission Client solutions & ~3% energy management Clients Trading New solutions 21% 32% EBITDA €3.7 Bn 20% (2) 19% 9% edp Key indicators Capacity installed 24.7 GW EBITDA €3.7 Bn Net Profit¹ €0.8 Bn Employees 12,236 Clients² 9.3 Mn Values as of 2021 1. Recurring 2. Energy and services clients 9M22 | Results Presentation 3#4Business Strategy Execution edp#5We have started this journey in Renewables over 2 decades ago and are committed to continue to lead the Energy Transition By 2025 By 2030 edp Leading the energy transition to create superior value €24 Bn CAPEX in energy transition 4 GW/yr renewables deployed >50 GW renewables additions 100% renewables generation Changing Tomorrow Now☀☀ * Zero scope 1&2 emissions; scope 3 emissions reduction target of -50% vs. 2015. Double solar+wind installed capacity 100% energy transition EBITDA Coal free Carbon neutral*#6Strategic commitments on track as we step up to the challenge to deliver superior value creation in a challenging context edp Accelerated and sustainable growth Execution 2021-2025 Target 10.8 GW of committed renewable capacity (4.3 GW U/C) ~55% 20 GW of gross additions 2021-25 Asset rotation (1): ~€3.4 Bn proceeds agreed; >€300m gains expected for 2022 ~8Bn proceeds 2021-2025; >40% avg. €0.3bn gains/year €1.3 Bn CAPEX in Electricity Networks ~38% €3.4 Bn CAPEX 2021-2025 Green bonds account for 46% of total bonds outstanding 50% competitive green funding by 2025 1st sustainability linked loan in August 5-year Revolving credit facility of €3.7 billion ♡ Green leadership positioning ESG excellence and attractive returns Top 10 of S&P's GCEI(2); Top 5% in FTSE4Good Index; Bloomberg GE|(3) ♡ Reference in ESG (1) Includes Asset rotations transactions carried in Brazil | (2) S&P Global Clean Energy Index | (3) Bloomberg Gender-Equality Index Business Strategy Execution 6#7We will grow our presence across technologies, with differentiating value propositions edp Global leadership Top 4 global player Differentiation Capture repowering, hybridization, and technological developments Future growth Long-term opportunity with medium-term value crystallization Diversified risk Leveraging scale and risk diversification through Ocean Winds (50/50 JV with Engie) 1. EBITDA + Equity GWs * Wind onshore Solar Strong visibility Extensive pipeline with additions ramping up quickly Cost competitiveness Focus on procurement synergies and scale Hydro Mostly maintenance investments Cash generator Manage portfolio for efficiency and value capture Flexibility provider Mature technology, with unique flexibility capacity through pumping capabilities (2.4 GW) 20 GW¹ 9.1 8.0 (40%) (46%) Gross additions 2021-25 0.9 (5%) 1.4 0.4 7% Solar DG (2%) Wind offshore S Storage Differentiation Leverage distinctive go-to-market capabilities Capture flexibility value Further develop existing capabilities to meet increasing flexibility needs Renewable H2 New route to market Leverage existing capabilities to capture new growth Business Strategy Execution 7#8We have +10.8 GW capacity additions secured (54%) evenly split per geography edp North America 4.4 GW 50% committed Europe 3.5 GW 52% committed 悟 1.5 GW 2.8 GW 0.2 GW post 2025 6.7 8.8 20 GW1 1.5 GW 0.8 GW 1.0 GW 0.2 GW Gross Additions 2021-25 1.1 GW post 2025 South America 2.2 GW 76% committed 1.7 GW 0.5 GW 1. EBITDA + Equity GW 1.4 2.9 GW committed APAC 0.8 GW 57% committed 0.8 MW Business Strategy Execution 8 00#9We will deliver unparalleled investment levels fully aligned with the energy transition Significant investment acceleration... CAPEX1, € Bn/yr with strong focus on Renewables, across key markets in Europe and North America CAPEX, Cumulative, € Bn, 2021-25 edp 2.9 +65% 4.8 ~€24 Bn ~80% Renewables ● ~15% Networks ~5% Client solutions & Energy mgmt² ~€24 Bn • ~40% Europe ~40% North America³ ~15% Brazil and LatAm ~5% Rest of the world maintenance CAPEX, mostly in Networks ~80% CAPEX in Europe and North America €21 Bn €3 Bn 2019-22 target 2021-25 target expansion CAPEX, 95% in Renewables 1. Includes financial investments | 2. Includes other and holding CAPEX | US, Canada, and Mexico Business Strategy Execution 9#10Governments are joining forces to foster renewables growth, while context of high energy prices pushes for additional regulation in EU countries IRA represents unprecedented US commitment on climate, aiming to reduce carbon emissions by more than 40% in by 2030 Scenarios of price stabilization and regulation from European governments LT growth supported by RepowerEU edp Expansion and extension of PTCs and ITCs with 10+ years of full-value credits visibility adjusted for inflation > New tax credits implemented for clean hydrogen and storage facilities > Context of high energy prices increases political intervention risk in windfall taxes/price caps in Italy, Poland and Romania Repower EU measures to foster renewables growth already being developed in some member states Easter Package SIMPLEX Energy Decree ~$600bn Investment in renewable power +0.5m ~320-480 GW Number of jobs created Build in the US from 2023 to 2030 EDP is already present in 12 European Markets, covering ~90% of EU Solar PV growth and 82% of EU wind growth Business Strategy Execution 10#11Out of the 20 GW of 2021-25 capacity additions, EDP has 40% already installed or under construction and 55% secured EDP continues to accelerate growth across all platforms, with +3.7 GW installed & U/C YTD 10.8 GW committed capacity vs. growth target 2021-25 40% of the 20 GW capacity additions target 20 GW Short-term challenges have implied some transfers from 2022 to 2023... ☑ Supply chain delays and regulatory uncertainty in US implied the postponement of some capacity additions from 2022 to 2023, expecting additions of >2 GW in '22 >4.0 GW to be added in 2023 of which ~3.0 GW are already under construction edp 8.1 GW 2.7 GW 55% ... but we are also seeing many long term opportunities in the market BP 7 Growth prospects for 2024-25 and beyond to be supported by Repower EU and Inflation Reduction Act in US Installed & Under construction Secured to be added 2021-25 Business Strategy Execution 11#12EDP Asset Rotation program keeps delivering value, with €3.4bn of AR proceeds secured, >40% of the €8bn target for 2021-25 AR net GW/year GW AR Gains/year €bn AR Proceeds AR Gains/MW €m edp 1,4 BP Guidance 1,0 Executed 21-22 ~0,3 BP Guidance +1.5x 0,5 €3.4bn Executed 21-22 In line with BP Guidance ~0,2 +2x 0,5 BP Guidance Executed 21-22 2 GW sold in 2021-22, below the 1.4 GW/year average assumed in the BP for 2021- 23... ...resulting in €1bn of total gains in 2021-22, clearly exceeding the €0.3bn/year targeted... ... with clear value generation, being 2x the guidance provided in the BP Business Strategy Execution 12#13Significant volumes of LT financing closed in 2021-2022 under attractive market conditions in accordance with our conservative funding policy In 21/22 EDP has issued ~€4Bn through green senior bonds & hybrids > 2021: €2Bn Hybrid issued @ avg. 1.7% 2022: 9M22 Financial debt breakdown Interest Rate Type Currency Funding of operations in local currency 47% edp €2.3Bn (€1.8Bn and $0.5Bn) issued @ avg. 3.3% Fixed 69% As of Sep-22: €2Bn of pre-hedged interest rate for 23-24 refinancing needs, mostly closed in 1H22, mitigating interest rate risk ✓ Avg. of 1.8% for EUR and 2.6% for USD Floating 31% Floating debt mostly Brazil and EUR ST debt 36% 14% Other 3% Business Strategy Execution 13#14Strong liquidity position covering refinancing needs beyond 2024 Financial Liquidity as of Sep-22 (Bn) Cash & Equivalents Available Credit Lines Total Liquidity 9M22 €3.5Bn €5.8Bn €9.3Bn Debt breakdown by Maturity BRL EUR & USD €7.2Bn 8.3 0.4 edp 7.9 3.0 Bonds Issued in Oct-22 €1Bn 2.8 2.4 0.8 1.8 0.7 2.2 0.5 0.3 0.1. Financial Liquidity Adjusted €10.3Bn 2.3 1.6 1.9 2.1 1.9 2022 2023 2024 2025 2026 >2026 > Cash calls from Energy markets derivatives as of Sep-22: €0.5Bn Average Debt Maturity of around 5 years Business Strategy Execution 14#152023 electricity regulated tariffs proposal in Portugal (Oct.17th): Despite high ①edp electricity wholesale prices, retail tariffs stable, system debt down by €2bn Reg. Electricity Tariff components Residentials end-user tariffs²; 3 Energy component Global use of system tariff Network access tariff Wholesale Price vs Renewables FiT €/MWh Electricity System Debt €Bn Renewable feed-in Tariffs' Avg. Electricity Wholesale Price 186 3.5 160% 112 103 39% 90% 90% 91 93 26% 59 35% 27% 26% 26% -17% -16% -85% 2021 3Q22 4Q22 2023 2020 2021 A Regulated Electricity Tariff +1.8% '22 Vs. '21 +2.8% '23 Vs. '22 Decrease in global use of system component due to renewables feed-in 1,7 1.4 9M22 2020 2021 9M22 % of SRP1 that covers low-voltage consumption > tariff surplus and proceeds from CO2 auctions, provide relatively stable > regulated residential tariffs 107% 108% 78% Stable renewables feed-in tariffs moved from a premium to a discount vs. wholesale price (€262/MWh assumed for 2023), generating a tariff surplus to Portuguese electricity consumers (1) Special Regime Production, including renewables and cogeneration - Source: ERSE | (2) Low-voltage clients (residentials & SMEs) (3) Renewables spread included in this component Continuous Portuguese system debt decline...-€2.1Bn between 2020 and 9M22 Business Strategy Execution 15#16Electricity Networks in Portugal 2023 regulated revenues +2% supported by indexation to Portugal 10-year bond yields and inflation Electricity Distribution regulated revenues ERSE's proposal edp 2022 2023 YOY Regulated Revenues Annual RoRAB indexed to 10-year Portuguese bond yields¹ €1,029m €1,050m +2.0% 8% Preliminary RoR 2022 Preliminary RoR 2023 Avg. PT 10y Bond Yield in Oct-222 7% Return on RAB 4.70% Preliminary RoR as of Dec-21 5.03% Preliminary RoR as of Oct-22 +33bps Rate or Return 6% 5% 4% 3% -3% -1% 1% 3% 5% 7% 9% GDP Deflator 1.5% LTM as of Jun-22 7.8%1 IMF projection for 2022 as of Oct-22 +630bps 10-Y Port Govern Bond Yield Inflation update on RAB & Totex at GDP Deflator³ with some time lag (1) Avg. Portuguese 10-year bond yields from October year t-1 to September year t | (2) Avg. 10-year Portuguese Gov. Bond Yield until 21st October, which will impact the RoR for 2023 | (3) Note that RAB & Totex in year t is updated on the avg. GDP Deflator from June t-2 to June t-1 Business Strategy Execution 16#17Positive macro environment in Brazil in a counter cycle with Europe and United States Favourable macro prospects... ...with strong business execution by EDP in Brazil Electricity Wholesale Price PLD at R$60MWh (~€10MWh) Low pressure on tariffs > Investment focused on Electricity Networks and Wind & Solar €0.9 Bn 9M22 +75% YOY Inflation (1) Interest Rates (1) GDP Electricity Demand² Currency لا لا لا لا edp Deflation in Jul22-Sep22 Reducing conventional generation Expected to start to decline by the second half of 2023 Hydro disposal Aug-22 (Mascarenhas, 198MW) Releverage of thermal plant Sep-22 (Pécem, 720MW) Upward revisions for 2023 +1.9% vs 9M21 +17% BRL appreciation vs. the Euro in 9M22 (1) Broad Consumer Price Index and Brazilian Interbank Deposit Rate | (2) Electricity distributed in EDP Brasil in 9M22 > EBITDA in Brazil 9M22 in € +48% YOY > Net Profit in Brazil 9M22 in € +16% YOY Business Strategy Execution 17#18On ESG we have been validated by SBTI on our carbon neutral targets as we continue to pave the way towards decarbonization edp 361 SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION Coal free by 2025 Carbon neutral by 2030 1762 2015 2021 69 # (1) Scope 1&2 CO₂ emissions (gCO2/kWh) 2026 2. Higher than in 2020 driven by Hydrological crisis and high thermal availability 2030 Environment > 70% renewables generation in 9M22 > -49% co2 Specific Emissions (1) vs. 2015 > 77% CAPEX in Renewables (+3p.p. vs. 9M21) Social + > 27% female employees (+1p.p vs. 9M21) > 28% female on Leadership (+2p.p vs. 9M21) > 1.7 total recordable injury rate EDP ESG excellence and attractive returns Business Strategy Execution 18#19We will deliver superior value to our shareholders Superior green positioning and accelerated growth... All green 2x by 2030 solar + wind installed capacity by 2025 €24 Bn energy transition investment 2021-25 ESG leadership Coal free by 2025 1. EDP EBITDA excluding thermal generation | 2. Recurring Net income ... delivering strong earnings growth... Net income², € Bn 9% p.a. ~1.2 ~1.0 ~0.8 edp >95% energy transition¹ EBITDA by 2025 20212 2023 ... with an attractive dividend policy €0.19/share 75-85% dividend floor target payout 2025 Sustainable EPS growth to deliver DPS increase Business Strategy Execution 19#209M22 Results edp#21Recurring EBITDA +21% YoY prompt by good performance of Wind & Solar ①edp and Electricity Networks despite the penalizing Iberian hydro shortfall Recurring EBITDA (1,2) €m YoY growth, % ΔΥΟΥ +21% YoY 3,046 2,511 +15% excl. FX +565m 1,482 Wind and Solar 917 -207m 443 -€237m Iberia +€30m Brazil Hydro + CSEM 650 EDPR Installed Capacity +10% YoY Wind resources in line with LT avg (vs. -5% in 9M21) -3.3 TWh hydro shortfall in context of €186/MWh avg. spot price partially compensated by higher thermal generation Iberia +5.6 TWh 1,136 Networks 948 +188m -€11m Iberia +€199m Brazil Other/adjust 9M21 -16 9M22 Brazil Networks: tariff updates driven by inflation and BRL appreciation (1) Adjustments and Non-recurring items include -€4m in 9M21, comprising +€21m gain on CIDE,- €17m from Sonatrach agreement and -€8m from HR restructuring costs in Spain (2) Including positive ForEx impact of +5% 9M22 | Results Presentation 21#22Net financial costs increase in 9M22 impacted by higher interest rates in Brazil edp Net Financial Costs €m Brazil EDP excl Brazil >2X +55% 580 188 533 [47] 150 356 242 345 =11= 39 92 253 291 9M21 Non- 9M21 Interest 9M22 Non- interest adj related adj interest 9M22 Cost of Debt (1) €m 2.4% Avg. Cost of Debt Excl. Brazil 3.3% EUR USD BRL 2.6% 4.3% > Lower Capitalized interest after Start-up of operations in transmission Brazil (-€41m) Avg Gross debt increased ~€2.6Bbn, with almost 36% coming from FX impact Avg. cost of debt in BRL up from 9.7% to 13% (BRL with a 14% weight on total debt) (1) Annualized gross interests/Avg Gross Debt 9M22 | Results Presentation 22 22#23edp ΔΥΟΥ Recurring Net Profit penalized by higher financial costs in Brazil and increase of minority interests Recurring Net Profit (1) €m Reported Net Profit €m EBITDA D&A and Provisions 3,046 +534 +1% YOY Reported (1) 510m 518m 1,223 +120 EBIT 1,822 +654 Non-recurring items Om +6m Net Financial Costs 580 -184 Income Taxes - 229 +18 Extraordinary Energy Tax -51 +1 Non-controlling interests -450 -248 Of which: Net Profit 512 +1 -€220m EDPR -€15m EDB -€13m Other (1) Adjustments and non-recurring items at net profit level: No impact in 9M21, gain from CIDE disposal (+€21m), acquisition of debt in minority stake in Spain (+€36m) are offset by curtailment costs 9M22 | Results Presentation in Spain (-€5m), provision on competition authority penalty (-€33m) and buyback prepayment fees (-€19); In 9M22 +€6m related to amortizations and impairment of the generation asset in Iberia. 23 23#24Increase in Net Debt impacted by the acceleration of Net expansion investment and temporary WC due to higher commodity prices Change in Net Debt € Bn edp +€5.1 Bn Gross Expansions Investments -€1.5Bn Asset Rotation Proceeds Organic CF 2.9 11.6 1.4 1.1 0.5 0.7 +€0.6 Bn Forex Net Debt Dec-21 Recurring Organic CF Cash calls and Net Expansion Dividends FX and Other FFO/Net Debt(1) ~21% Commodity Investments. stocks (1) FFO/ND formula consistent with rating agencies methodologies, considering EDP definition of EBITDA Recurring, 15.3 Net Debt Sep-22 ~18% 9M22 | Results Presentation 24#25Annex edp#26We will deliver superior value, while keeping a solid balance sheet and low-risk profile 2021 2023 2025 CAPEX¹, € Bn/yr Step-up investment plan with 3.9 4.5 4.6 ↑ +1 Bn 2025 vs. 20 renewables focus EBITDA², € Bn Increased results with distinctive 3.7 4.2 4.7 energy transition profile Net income², € Bn Earnings acceleration FFO/Net Debt³, % ~21% Achieve BBB rating in the short term 0.8 1.0 1.2 ~20% ~21% ↑ +2 pp ↑ +6% CAGR 2020-25 ↑ +8% CAGR 2020-25 2025 vs. 20 1. Including financial investments | 2. EBITDA and Net Income adjusted by disposed portfolios in 2020 (6 hydro plants, B2C portfolio and 2 CCGTs in Spain); CESE at net income level as recurring cost 3. FFO/ND formula consistent with rating agencies methodologies, considering EDP definition of EBITDA Recurring Note: Recurring EBITDA and Net income edp Business Strategy Execution 26#27We will strengthen our leadership position in Wind Onshore Pipeline as of Dec 2020 Target additions 2021-25 (GW) Current presence¹ We have a strong onshore presence across the globe that will be reinforced... North America² 6.5 GW +2.8 GW ~30% Europe LatAm Rest of world 5.0 GW 0.4 GW +3.4 +2.2 +0.7 GW GW GW ~40% ~25% ~5% 1. Countries with installed capacity and/or capacity already secured | 2. Includes Canada and Mexico Note: EBITDA MW + Equity MW + Oedp XX % in additions XX Total installed capacity consolidating leadership and exploring growth opportunities 18 GW Consolidate position as global Top Wind player Reinforce presence in core low-risk markets (EU and US) Capture growing repowering, hybridization opportunities, and technological developments Business Strategy Execution 27#28We will build a sound market presence in Solar + edp Pipeline as of Dec 2020 Target additions 2021-25 (GW) Current presence¹ XX% in additions XX Total installed capacity We have robust secured additions and strong pipeline in solar... North America² 0.5 GW Europe 0.1 GW LatAm +5.5 +2.4 +0.7 GW GW GW ~60% ~25% 7% 1. Countries with installed capacity and/or capacity already secured | 2. Includes Mexico Note: EBITDA MW + Equity MW Rest of world +0.7 GW 8% adopting a differentiated approach to clients Reinforce approach to large-scale utility model through in-house capabilities Develop a distinctive approach to C&I through a dedicated Distributed Generation platform in the US Provide differentiating and solid solutions with coupled storage 15 GW Business Strategy Execution 28#29Ocean Winds continues to grow with a total portfolio of 14.6 GW OW OCEAN WINDS GW Gross Moray West 882 MW project in Scotland (14.7 MW x 60, COD 2024) under construction since July 22 & EFGL (COD 2024) completed its Financial Close on July 22 6,6 14,6 1,5 Total Portfolio as of CMD-21 Total Portfolio Installed In August 22, OW was awarded with 2 floating projects in Scotland (Shetland Islands) with 2.3 GW Sep-22 Windplus EFGL In October 22, BC wind offshore project in Poland obtains Environmental License 3,6 9,5 SeaMade Moray East Under Dev. Revenues Secured Moray West Le Tréport & Noirmoutier B&C-Wind Mayflower Under Dev. Rights Secured Caledonia Mayflower NY Bight KF Wind Hanbando edp Shetland Islands Business Strategy Execution 29#30Networks - Key highlights + Oedp +XX Growth, 2020-25 ~€0.7 Bn annual organic CAPEX CAPEX¹, € Bn Regulated Asset Base to increase by ~€2 Bn RAB², € Bn EBITDA to increase by 50% EBITDA, € Bn 5% p.a. excluding Viesgo acquisition 3.4 40% 7.1 1.3 0.1 8% p.a. 1,0 0,1 1,0 ☑ 5.1 1,3 0,3 ☑ 0.9 0,6 0.1 0,8 0,2 2,2 2021-25 1. Includes financial investments | 2. Transmission based on awarded CAPEX Note: Excludes Viesgo in 2020. 6x Euro/BRL along the period 4,8 0,9 3,7 0,6 2020 2025 2020 2025 Business Strategy Execution 30 60#31- Client Solutions & Energy Management – Key highlights ~€0.2 Bn annual CAPEX CAPEX, € Bn¹ Step-change growth in Solar DG Cumulative contracted PV, GWP3 EBITDA to increase by 15% EBITDA, € Bn 30% p.a. Client Solutions edp 2% p.a. 0.9 2.2 0.5 0.4 0.1 x10 Solar DG and e-mobility Solar DG and 0.6 e-mobility Traditional2 0.3 0.2 2021-25 0.4 Traditional 2020 2025 2020 2025 1. Includes financial investments and does not include holding capex | 2. Energy management, thermal, and other client services 3. Includes under management and entirely sold to customers | 4. Lote: Excluding contribution from disposed portfolios in 2020 Business Strategy Execution 31#32Key Data on EDP debt outstanding Name Currency Amount (million) Coupon Maturity Issue date Market Price (bid) Market Yield ISIN Private Placements EDP BV Private Placement EUR EDP BV Private Placement EUR 49 2,661% 160 0,000% 23/12/2022 23/12/2002 12/11/2023 12/11/2008 XS0160258280 XS0399353506 Senior Bonds EDP BV Eurobond Mar 2016 EUR 489 EDP BV Eurobond Jan2017 EUR 462 EDP BV Viesgo Nov2023 EUR 2,375% 1,875% 500 2,375% 23/03/2023 23/03/2016 29/09/2023 30/01/2017 XS1385395121 XS1558083652 27/11/2023 N/A XS1326311070 EDP BV GBP bond Oct2008 EUR 325 8,625% 04/01/2024 04/11/2008 XS0397015537 EDP BV Eurobond Aug 2016 EUR 744 EDP BV US bond Jun 2017 USD 1000 1,125% 3,625% 12/02/2024 10/08/2016 XS1471646965 15/07/2024 28/06/2017 XS1638075488 EDP BV Eurobond Apr 2015 EUR 750 2,000% 22/04/2025 EDP BV Eurobond Jun 2018 EUR 750 EDP BV Viesgo Jun2026 EUR 550 1,625% 2,875% 21/04/2015 26/01/2026 26/06/2018 01/06/2026 XS1222590488 XS1846632104 N/A XS1419664997 EDP BV Eurobond Nov 2017 EUR 500 1,500% 22/11/2027 20/11/2017 XS1721051495 EDP BV Eurobond Oct2018 EUR 600 1,875% 13/10/2025 12/10/2018 XS1893621026 EDP BV Eurobond Sep 2019 EUR 600 0,375% 16/09/2026 16/09/2019 XS2053052895 EDP Eurobond Apr2020 EUR 750 1,625% 15/04/2027 15/04/2020 PTEDPNOM0015 EDP BV US bond Oct2022 USD 500 6,300% EDP BV US bond Sep2020 USD 850 EDP BV Eurobond Mar 2022 EUR 1250 EDP BV Eurobond Oct2022 EUR 1,710% 1,875% 500 3,875% 11/10/2027 24/01/2028 21/09/2029 21/03/2022 11/03/2030 11/10/2022 XS2532478190 24/09/2020 XS2233217558 11/10/2022 XS2459544339 XS2542914986 Hybrid Bonds EDP Hybrid Jan2019 EUR 1000 EDP Hybrid Jan2020 EUR EDP Hybrid Jan2021 EUR 4,496% 750 1,700% 750 1,875% EDP Hybrid 5.5 Sep2021 EUR EDP Hybrid 8.0 Sep2021 EUR 750 500 1,500% 1,875% 30/01/2024 30/01/2019 20/04/2025 20/01/2020 02/05/2026 02/02/2021 14/12/2026 14/09/2021 14/06/2029 14/09/2021 PTEDPKOM0034 PTEDPLOM0017 PTEDPROMO029 PTEDPXOM0021 PTEDPYOMO020 Total Debt Outstanding EUR 15.033 edp Green Bonds Business Strategy Execution 32#33IR Contacts E-mail: [email protected] Phone +351 210 012 834 Site: www.edp.com edp

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