Selected Historical Financials of CEZ Group
Net debt decreased by CZK 19.4 bn. Outside EBITDA, the decrease of
margin deposits on commodity exchanges played a major role.
95.0
155.7
-43.1
26.1
54.3
-29.6
Decrease in net debt
-77.1
-1.6
by CZK 19.4 bn
-4.7
136.3
1.0
U
Net debt as of
Dec 31, 2022
EBITDA
Income tax
Margin
deposits
Other
operating effects
Additions to
fixed assets
Dividends
Acquisitions/
divestments
Other
Net debt as of
Sep 30, 2023
1.2
-Net debt/ annual EBITDA
■ Income tax (CZK -43.1 bn): Regular income tax paid, including the paid windfall tax advance for 2023
Margin deposits (CZK +54.3 bn): temporary margin deposits on commodity exchanges and with trading counterparties due to generation pre-sales
decreased due to lower market prices of electricity
■ Other operating effects (CZK +26.1 bn): non-cash expense on emission allowances used for generation (CZK +21.7 bn), change in stocks of
materials and fossil fuels (CZK +0.7 bn), other operating effects (CZK +3.7 bn)
Additions to fixed assets (CZK -29.6 bn): acquisition of fixed assets - CAPEX (CZK -27.9 bn), change in liabilities from acquired fixed assets
(CZK -1.3 bn), Inven Capital investment (CZK -0.3 bn)
Acquisitions/divestments (CZK -1.6 bn): mainly acquisitions of new subsidiaries in Germany (SERCOO Group and Hofmockel)
■ Other (CZK -4.7 bn): change of restricted assets (CZK -1.4 bn), change of fair value of the debt due to exchange rate change
(CZK -1.4 bn), payments of other long-term liabilities (CZK -2.4 bn)
www.cez.cz
63
63View entire presentation