Investor Presentation
Recurring EBITDA -1% YoY (+3% ex-forex) with CS&EM weak performance being
mitigated by strong Networks' results
edp
Recurring EBITDA (1,2) €m
YoY growth, %
-1% YoY
(ex-forex +3%
2,528
ΔΥΟΥ
2,511
-53m
Renewables 1,485
-4%
1,432
-€156m Wind & Solar
+€103m Hydro
+€198m Iberia
+€86m Brazil
EDPR Installed Capacity +13% YoY (3)
Wind resources -5% vs. LT avg
Asset rotation gains +€151m (-€49m YoY)
Hydro resources vs. LT Avg. Portugal +13%
Tax reversal Hydro Spain +€47m
Spain Viesgo: +€148m
Portugal: +€21m on improved Opex & weather
Brazil distribution: +€61m, inflation update & demand
Brazil transmission: +€25m, on capex execution
Networks 664
+43%
+284m
948
Client solutions & EM
390
-66%
134
-256m
-€262m Iberia
+€7m Brazil
Other/adjust
-11
9M20
-3
9M21
Very strong EM in 9M20 vs. 9M21 negative impact on
higher prices
Supply: growth of services penetration rate
aninvestor
presentation
15
(1) Adjustments and Non-recurring items include: (i) 9M20 of +€97m, namely, EBITDA correspondent to the 6 hydro plants sold in Portugal (+€87m), EBITDA correspondent to 2 CCGTS and B2C portfolio in Spain sold to Total (+€32m), and
non-recurring costs related to Sines Shut-down (-€22m); (ii) 9M21 +€4m of non-recurring namely -€21m related to the gain from the sale of a 50% stake in the energy supplier CHC in Spain to our partner CIDE, costs related with Sonatrach
(+€17m); curtailment costs mainly in networks in SP (+€8m) | (2) FX impact on EBITDA -€95m | (3) EBITDA + Equity MW.View entire presentation