Business Strategy Execution
Positive macro environment in Brazil in a counter cycle with Europe and
United States
Favourable macro prospects...
...with strong business execution by EDP in
Brazil
Electricity
Wholesale Price
PLD at R$60MWh (~€10MWh)
Low pressure on tariffs
>
Investment focused on Electricity
Networks and Wind & Solar
€0.9 Bn
9M22
+75%
YOY
Inflation (1)
Interest Rates (1)
GDP
Electricity
Demand²
Currency
لا
لا لا لا
edp
Deflation in Jul22-Sep22
Reducing conventional generation
Expected to start to decline by
the second half of 2023
Hydro disposal
Aug-22
(Mascarenhas, 198MW)
Releverage of thermal plant
Sep-22
(Pécem, 720MW)
Upward revisions for 2023
+1.9% vs 9M21
+17% BRL appreciation
vs. the Euro in 9M22
(1) Broad Consumer Price Index and Brazilian Interbank Deposit Rate | (2) Electricity distributed in EDP Brasil in 9M22
>
EBITDA in Brazil 9M22 in €
+48%
YOY
>
Net Profit in Brazil 9M22 in €
+16%
YOY
Business Strategy Execution
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