Investor Presentaiton
Net Debt increase mostly explained by cash capex & working capital edp
optimization in the context of high financial liquidity
Change in Net Debt (1)
€ Bn
FFO/Net
Debt
+€1.6Bn Gross Investments
-€0.5Bn proceeds AR
+€0.9Bn WC on fixed asset suppliers
12.2
0.7
0.4
1.8
1.8
-€1.5Bn EDPR Capital Increase
-€0.4Bn 50% Hybrid
+€0.4Bn Reg. Receivables
+€0.2Bn FX effect
13.2
0.5
Net Debt
Dec-20
Organic
Cash Flow
Dividend
Net
Capital
Expansion Reinforcement
Investment
Others
Net Debt
Jun-21
~19%
~17%
(1) Net Debt Adjusted by Regulatory Receivables/(Liabilities) and including Lease liabilities/EBITDA Recurring | (2) FFO/ND formula consistent with rating agencies methodologies, considering EDP definition investor presentation
EBITDA Recurring,
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