Investor Presentaiton
Recurring EBITDA -6% YoY (-1% ex-forex), US RES penalized by ERCOT edp
event/load factors & weak EM partially offset by stronger Networks
Recurring EBITDA (1,2) €m
YoY growth, %
-6%YoY
(ex-forex -1%)
ΔΥΟΥ
1,791
1,678
Renewables
1,082
-7%
-€75m
-€139m Wind & Solar
+€64m Hydro
1,007
+33%
Networks
440
587
+€147m
+€102m Iberia
+€45m Brazil
EDPR Installed Capacity +10% YoY (3)
Wind resources in US -6% vs. LT avg
Asset rotation gains +€118m (-€27m YoY)
Hydro resources vs. LT Avg. Portugal +11%
Tax reversal Hydro Spain +€47m
Spain Viesgo: +€86m
Portugal: +€22m on improved Opex & weather
Brazil distribution: +€30m, on tariffs & demand
Brazil transmission: +€15m, on capex execution
Client solutions & EM
287
--19
-71%
-€205m
Other/adjust
1H20
1 82
1H21
-€198m Iberia
-€6m Brazil
Very strong EM in 1H20 vs. 1H21 negative
impact on higher prices
Sines Power Plant shutdown (€42m EBITDA
1H20)
Supply: growth of services penetration rate
(1) Adjustments and Non-recurring items include: (i) 1H20 of +€80m, namely, EBITDA correspondent to the 6 hydro plants sold in Portugal (+€81m), EBITDA correspondent to 2 CCGTS and B2C portfolio in
Spain sold to Total (+€21m), and non-recurring costs related to Sines Shut-down (-€22m); (ii) 1H21 of +€14m, namely, non-recurring of +€21m related to the gain from the sale of a 50% stake in the energy Investor presentation 25
supplier CHC in Spain to our partner CIDE, non-recurring curtailment costs in networks platform related to Viesgo (-€7m) | (2) FX impact on EBITDA -€97m | (3) EBITDA + Equity MW.View entire presentation