Selected Historical Financials of CEZ Group
EBITDA in Q1-Q3 2023 increased by 6% to CZK 95 bn
CZK billions
100
95
90
85
80
89.3
75
10
70
+6.7
+3.9
+3.9
-1.1
-0.7
-6.9
CZK +5.7 bn
+6%
Q1-Q3 2022 ¡Generating facilities
Trading
MINING
GENERATION
95.0
DISTRIBUTION
SALES
Intragroup
eliminations*
Q1-Q3 2023
GENERATION Segment - Generating facilities (CZK +6.7 bn):
■
Higher margin on generation in Czechia as a result of higher realized electricity prices and change of purchase prices of emission allowances and gas (CZK +16.0 bn)
Levy on excess revenues from generation in Czechia (CZK -8.7 bn)
Other effects (CZK -0.6 bn), mainly higher fixed expenses
GENERATION Segment - Trading (CZK -6.9 bn):
ヨ
Lower trading prop margin (CZK -11.7 bn): this year's margin CZK +6.8 bn, while in Q1-Q3 2022 it reached the extraordinary amount of CZK +18.5 bn
Negative impact of disruption of gas supply from Gazprom Export in 2022 (CZK +1.7 bn)
Other trade and consolidation effects (CZK +3.2 bn): mainly temporary effects due to the revaluation of derivative trades hedging generation and sales positions for the next period
MINING Segment (CZK +3.9 bn):
☐
Higher revenues (CZK +5.5 bn) due to growing prices (volume of mining decreased by 1.9 mil tons), higher fixed expenses (CZK -1.5 bn), mainly for energy
SALES Segment (CZK +3.9 bn):
☐
Proceeds from litigation between ČEZ Prodej and the state-owned enterprise Railway Administration concerning electricity supply in 2010 and 2011 (CZK +1.2 bn)
Purchase of electricity from RES in Czechia (CZK +1.3 bn): impact of market prices and higher purchase volume
Sales of commodities by ČEZ ESCO (CZK +0.7 bn), mainly stabilization of prices on the markets and higher delivered volumes of electricity and gas
Sales of energy services (CZK +0.6 bn)
www.cez.cz
*
Mainly the elimination of the effect of hedging the currency risks of ČEZ ESCO (SALES segment) through ČEZ, a. s. (GENERATION segment),
where the effect is reported under foreign exchange gains and losses (outside EBITDA).
59View entire presentation