Business Strategy Execution
Recurring EBITDA +21% YoY prompt by good performance of Wind & Solar ①edp
and Electricity Networks despite the penalizing Iberian hydro shortfall
Recurring EBITDA (1,2) €m
YoY growth, %
ΔΥΟΥ
+21% YoY
3,046
2,511
+15%
excl. FX
+565m
1,482
Wind and Solar
917
-207m
443
-€237m Iberia
+€30m Brazil
Hydro + CSEM
650
EDPR Installed Capacity +10% YoY
Wind resources in line with LT avg (vs. -5% in
9M21)
-3.3 TWh hydro shortfall in context of
€186/MWh avg. spot price partially
compensated by higher thermal generation
Iberia +5.6 TWh
1,136
Networks
948
+188m
-€11m Iberia
+€199m Brazil
Other/adjust
9M21
-16
9M22
Brazil Networks: tariff updates driven by
inflation and BRL appreciation
(1) Adjustments and Non-recurring items include -€4m in 9M21, comprising +€21m gain on CIDE,- €17m from Sonatrach agreement and -€8m from HR restructuring costs in Spain
(2) Including positive ForEx impact of +5%
9M22 | Results Presentation
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