EBITDA Breakdown and Q1 2022 Results
Financial highlights (US$ mn)
Significant improvement in EBITDA and bottom line
Reported EBITDA
Q1 2021 Q1 2022
A% YoY
789
1,166
47.7%
Adjusted EBITDA¹
789
1,114
41.2%
OPEX
-410
-438
6.7%
Net financial results
-128
-107
-16.4%
Total net income
288
473
63.9%
Reported Group net income²
183
366
99.6%
FFO
235
-43
-118.4%
Net debt (Q1 2022 vs FY 2021)
5,870
7,393
25.9%
(1) Q1'22: Excludes Fx impact (- US$ 64 mn) and EGPA (+US$ 116 mn); (2) Attributable net income to controlling shareholders
enel
Quarter highlights
EBITDA improvement mainly due to EGPA
result (+116), tariff indexation in Brazil
(+115), and higher sales in Gx business
OPEX in line with PY excluding EGPA,
and well below inflation impact
Significant Group net income increase due to
improved operational and financial results
FFO decrease mainly due to increase in
investments payments, lower collection in
Brazil and bad debt
Net debt increase mainly explained by FCF
(-606), and accounting Fx translation
(-641)
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