Investor Presentation
Sound financial profile with 3.2x Net Debt/EBITDA, reinforcing recent rating ①edp
upgrade; Temporary regulatory WC penalizing net debt evolution
Change in Net Debt
€ Bn
Organic cash-flow = €0.4Bn
13.2
1.6
+
I
0.7
0.3
I
0.8
2.0
2.0
15.3
0.0
Net Debt
Dec-22
Recurring
Organic CF
Regulatory
Working Capital
Net
Expansion
Investments
Dividends EDP & EDPR
Capital
Increase
FX and
Other
Net Debt
Jun-23
Net
Debt/EBITDA (1)
3.4x
FFO/Net Debt(2)
~20%
1.
Net of regulatory receivables; net debt excluding 50% of hybrid bond issues (including interest); Based on trailing 12 months recurring EBITDA and net debt
excluding 50% of hybrid bond issue (including interest); Includes operating leases (IFRS-16);
2.
FFO/ND formula consistent with rating agencies methodologies, considering EDP definition of EBITDA Recurring
3.2x
~19%
Investors' Presentation
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