Telia Company Results Presentation Deck
Energy
Electricity hedging
% of own consumption in SWE, FIN, NOR, EST
100%
80%
60%
40%
20%
0%
2022 Q4e
2023e
Hedged Unhedged
2024e
Policy to hedge 70% short-term and 60% for
next 12 months
Effective hedging at c. 50% of total as
consumption in Denmark, Lithuania, Latvia
and via landlords is unhedged
Price
SEK/MWh, average prices across footprint
4 000
3 500
3 000
2 500
2 000
1 500
1 000
500
O
21 - Jan
21 - Dec
22 - Dec
..
Average actual price
Average (futures Oct 2022)
Average (futures Jun 2022)
Average (futures Nov 2021)
A
13
23 - Dec
Prices in Q3 around 3x higher y-o-y with
variations between markets
Both spot prices and futures have moved
significantly last few months
......
24- Dec
700
600
500
400
300
200
100
0
-
Energy cost per quarter
In SEK million, 2020 average FX rates, excl. Telia Carrier
-
Q1
20
Q2 Q3 Q4 Q1
20 20 20 21
+300
Q2 Q3 Q4 Q1 Q2 Q3
21 21 21 22 22 22
■ Consumption
Grid fees and taxes
2022 cost increase expected at SEK 900m,
and another SEK 600m in 2023
PPA agreements in Estonia from Q1'23 and in
Denmark from Q4'24View entire presentation