EDPR at a Glance
Our Strategy
Diversified sources of cash to deliver on our growth
Net investment expansion 2023-26
€bn
~6
Asset Rotation²
~4
ΤΕΙ
~10
Gross
Investments¹
~20
1. Includes financial investments
Sources of cash 2023-26
€bn
>50% of net
investment financed
by organic cash-flow
~6
~1
Net investment
Organic Cash Flow³
Equity raise
2. Book Value including equity proceeds @stake sold minus capital gains (includes offshore), as well as debt and TEI deconsolidation
3. Organic CF = Operating CF excluding regulatory receivables, net of interests, maintenance capex, dividends paid to minorities and TEI payments, plus asset rotation gains and forex and other gains
4. Includes dividend cash out estimated of ~€0.1 Bn (assumes EDP opts for shares and that free float opts 75/25 between shares and cash)
~4
Net Debt change
(net of dividends4)
edp
Renewables
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