Q3 2023 Financial Highlights & Renewable Capacity Update
FFO/Adjusted net debt calculation
Funds from operations (FFO), DKKm¹
EBITDA
30 Sep 2023
31 Dec 2022
30 Sep 2022
26,099
32,057
33,614
Change in provisions and other adjustments
Change in derivatives
(710)
(2,213)
(1,002)
7,900
(8,687)
(13,406)
Variation margin (add back)
(13,056)
10,332
17,140
Reversal of gain (loss) on divestment of assets
(4,995)
(10,885)
(13,236)
Income tax paid
(2,158)
(1,263)
(1,260)
Interests and similar items, received/paid
(928)
(563)
(380)
Reversal of interest expenses transferred to assets
(446)
(586)
(756)
50% of coupon payments on hybrid capital
(202)
(264)
(237)
Dividends received and capital reductions
FUNDS FROM OPERATION (FFO)
19
23
17
11,523
17,951
20,494
Adjusted interest-bearing net debt, DKKm
30 Sep 2023
Total interest-bearing net debt
42,892
31 Dec 2022
30,571
50% of hybrid capital
9,552
9,897
30 Sep 2022
45,701
8,992
Other interest-bearing debt (add back)
(3,526)
(4,924)
(3,056)
Orsted
Other receivables (add back)
5,687
3,290
3,500
Cash and securities, not available for distribution, excl.
repo loans
642
3,241
2,910
ADJUSTED INTEREST-BEARING NET DEBT
55,247
42,075
58,047
FFO/ADJUSTED INTEREST-BEARING NET DEBT
20.9%
42.7%
35.3%
40
1. Last 12 months.
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