Investor Presentation
We will deliver superior value, while keeping a solid
balance sheet and low-risk profile
2020
2023
2025
CAPEX¹, € Bn/yr
Step-up investment plan with renewables
focus
3.7
4.5
4.6
↑
+1 Bn
2025 vs. 20
EBITDA², € Bn
Increased results with distinctive energy
3.5
4.2
4.7
↑ +6%
CAGR 2020-25
transition profile
Net income², € Bn
0.8
1.0
1.2
↑
+8%
Earnings acceleration
CAGR 2020-25
FFO/ Net Debt³, %
~19%
~20%
~21%
↑ +2 pp
Achieve BBB rating in the short term
2025 vs. 20
1. Including financial investments
2.
3.
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
FFO/ND formula consistent with rating agencies methodologies, considering EDP definition of EBITDA Recurring
Note: Recurring EBITDA and Net income
edp
Investor presentation
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