Selected Historical Financials of CEZ Group
SALES segment EBITDA in Q1-Q3 2023
EBITDA (CZK billions)
Retail segment - ČEZ Prodej
B2B segment - ESCO companies:
Energy services - Czechia and Slovakia
Q1-Q3 2022 Q1-Q3 2023 Difference
% Q3 2022 Q3 2023 Difference
%
2.7
3.8
+1.1
+39%
2.4
3.6
+1.2
+48%
0.7
3.5
+2.9
>200%
0.7
1.0
+0.3
+40%
0.3
0.8
+0.5
+181%
0.1
0.2
+0.2
>200%
Energy services - Germany and other countries*
0.7
0.8
+0.1
+11%
0.3
0.3
-0.0
-7%
Sales of commodities and purchases from RESS - Czechia
-0.3
2.0
+2.3
0.3
0.5
+0.2 +46%
B2B segment - Other activities**
0.4
0.3
-0.1
-19%
0.0
-0.1
-0.0
SALES Segment Total
3.9
7.7
+3.9
+100%
3.1
4.6
+1.4
+45%
Year-on-year effects Q1-Q3 (CZK +3.9 bn):
Retail segment - ČEZ Prodej (CZK +1.1 bn):
"
Proceeds from litigations with SŽ concerning electricity supply in 2010 and 2011 (CZK +1.2 bn)
Sales of electricity and gas (CZK -0.6 bn), mainly due to higher expenses on purchases to cover fluctuations
in customer consumption and lower volume of supply due to customers' consumption savings
Lower loss from trade receivables (CZK +0.2 bn)
Other (CZK +0.3 bn): increase of the number of photovoltaic plant installations, fixed expenses and other
effects
B2B segment - ESCO companies (CZK +2.9 bn):
•
Energy services - Czechia and Slovakia (CZK +0.5 bn): mainly in the field of industrial energy
"
"
-
Energy services - Germany and other countries (CZK +0.1 bn): higher profitability of orders of German and
Polish companies
Sales of commodities and purchases from RESS Czechia (CZK +2.3 bn):
Purchase of electricity from RESS in Czechia (CZK +1.3 bn) due to market prices and higher purchase
volume
-
Sales of commodities to end-use customers (CZK +0.7 bn), mainly stabilization of prices on the markets
and higher delivered volumes of electricity and gas
Effect of commencement of hedging accounting for foreign exchange risk of revenues from the sales of
electricity and gas in ČEZ ESCO since May 2022 (CZK +0.3 bn); in the past, the hedging effects were
reflected outside EBITDA
www.cez.cz
Year-on-year effects Q3 (CZK +1.4 bn):
Retail segment - ČEZ Prodej (CZK +1.2 bn):
Sales of commodities to end-use customers (CZK +0.9 bn), mainly due to lower
purchase prices of commodities and seasonal factors
Lower loss from trade receivables (CZK +0.4 bn)
Higher fixed operating expenses (CZK -0.1 bn)
B2B segment - ESCO companies (CZK +0.3 bn):
Energy services - Czechia and Slovakia (CZK +0.2 bn), mainly in the field of
industrial energy
Sales of commodities and purchases from RESS Czechia (CZK +0.2 bn):
Purchase of electricity from RESS (CZK +0.4 bn), development of market prices
and higher purchase volume
Sales of commodities to end-use customers (CZK -0.2 bn), mainly lower supply to
customers and loss from the sales of commodities at currently lower prices
SŽ - state-owned enterprise Railway Administration of the Czech
Republic (formerly SŽDC)
*
Poland, Italy, Austria, and other countries where ESCO activities are
managed by the Elevion Group
**
Mainly telecommunications companies, ČEZ Teplárenská, and other
companies in the SALES segment
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