CEZ Group Energy Transformation and Financial Results
GENERATION SEGMENT EBITDA
EBITDA (CZK bn)
Q1 2021*
Q1 2022
Diff
%
Zero-emission Generating Facilities
7.6
15.6
+8.1
+107%
of which: nuclear
6.4
12.4
+6.0
of which: renewables
1.1
3.2
+2.1
+93%
+187%
Fossil-Fuel Generating Facilities
1.7
8.4
+6.7
> 200%
Trading
0.0
5.4
+5.4
> 200%
Specific temporary effects
-0.5
7.4
+7.9
> 200%
Total Generation Segment
8.8
36.7
+28.0
> 200%
Year-on-year effects:
Nuclear facilities (CZK +6.0 bn):
Π
The division of EBITDA of the GENERATION
segment into five sub-segments is only
indicative on the basis of central allocation
assumptions (in particular the allocation of
gross margin and fixed costs of the central
divisions of ČEZ) and simplified consolidation
with other companies in the segment.
RMC-Risk Management Committee
* excluding the divested assets in Romania
and Bulgaria
Business effects (CZK +5.7 bn): price impact (CZK +5.9 bn), lower intra-group revenues (CZK -0.2 bn)
Operating effects (CZK +0.3 bn): Temelín nuclear power plant operating availability (CZK +0.3 bn), Dukovany nuclear power plant operating availability (CZK +0.2 bn), fixed
costs (CZK -0.3 bn)
Renewables (CZK +2.1 bn):
Business effects (CZK +2.2 bn): price impact (CZK +0.7 bn), ancillary services and regulatory energy (CZK +1.5 bn)
• Operating effects (CZK -0.1 bn): hydroelectric plants in Czechia (CZK -0.3 bn), photovoltaic plants in Czechia (CZK +0.1 bn), wind power plants in Germany (CZK +0.1 bn)
Fossil-Fuel sources (CZK +6.7 bn):
Business effects in Czechia (CZK +6.8 bn): price impact (CZK +6.8 bn), ancillary services and regulatory energy (CZK +0.1 bn), lower intra-group revenues (CZK -0.1 bn)
• Operating effects in Czechia (CZK +0.2 bn): operating availability (CZK -0.1 bn), heat sales revenues (CZK +0.2 bn), trading at generating facilities (CZK +0.3 bn), fixed costs
(CZK -0.1 bn)
.
Poland (CZK -0.2 bn) mainly lower generation margin due to the increase in the cost of emission allowances
Trading (CZK +5.4 bn): higher trading prop margin (CZK +4.9 bn), consolidation and other effects on gross margin (CZK +0.5 bn)
Specific temporary effects (CZK +7.9 bn):
Income from the sale of generation allowances due to RMC's decision to strengthen liquidity to cover margining risks on exchanges (CZK +4.3 bn). This income will be
eliminated in the remaining months of 2022 as part of the higher provision for generation emissions (due to the higher cost value of emission allowances purchased).
Revaluation of the CCGT facility generation hedging commodity contracts for Q2, Q3, and Q4 2022 (CZK +1.7 bn)
Revaluation of other hedging commodity contracts for generation and other specific effects (CZK +1.8 bn)
71View entire presentation