Selected Historical Financials of CEZ Group
We are closing coal plants, production of heat to be
transformed to low carbon technologies
Fossil fuel generation and
mining EBITDA*
CZK billion
New assets
Current assets
10
2021
20
20
2025**
Annual CAPEX***
15
Coal and gas generation
TWh
Gas and Biomass
Coal
21.7
3.7
18-19
3.5-4.5
16-17
9.5-10.5
10
18.0
14.0
6.5
5
2030
2021
2025
2030
Coal and gas
GW
ப
G
Decarbonisation of our heat plants to
gas is continuing. Transition of current
coal sites as well, however in short-
term there is an increase of EBITDA
due to current situation on the market.
Long-term EBITDA would be
generated mostly by new assets.
Newly built gas plants will be
hydrogen ready
We expect that it would be possible to
secure affordable gas supplies within
EU in the medium term, if not, we are
ready to extend the operation of our
coal plants
CZK billion, avg
9
- 10
2021-25
2026-30
1.0
1.1-1.3
2.0-2.5
3.8
3.0
2.2
*
www.cez.cz/en
Assumed electricity prices 2025: 165 EUR/MWh, 2030: 105 EUR/MWh
** EBITDA adjusted for wind fall tax 2025 (~9 CZK bn.) in order to better indicate operating cash flow 2025
***Includes CZK 5 bn of average annual CAPEX into new capacities in gas and biomass
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