Investor Presentation
Net Profit of €517m, a strong increase YoY after a very weak 1H22; EBIT
growth partially mitigated by higher effective tax rate
Recurring Net Profit¹
€m
edp
Recurring Net Profit
€m
ΔΥΟΥ
517
EBITDA
2,464
+470
301
D&A and
Provisions
860
EBIT
-53
1,604
+417
Higher EBT in Iberia and
Net Financial Costs
411
-27
Brazil (with corporate tax
rates above portfolio avg.) no
asset rotation gains in 1H23
1H22
1H23
Pecém
Income Taxes (2)
-405
-209
impairment
~€61m
Non-controlling interests
-271
Net Profit
517
35
+216
Non-recurring
items 1
6
-80m
Reported
306m
437m
1.
Adjustments and non-recurring items impact at net profit level - 1H23: -€61m of Pecém impairment, -€8m Tax Romania, - €7m of PPA cancelation in US and -€4m from
liability management; 1H22: €6m from CCGT impairments
Investors' Presentation
26
2. Includes CESEView entire presentation