Financials ACWA Power Company

Equities

Market Closed - Saudi Arabian S.E. Other stock markets 07:20:00 2024-12-12 am EST			5-day change	1st Jan Change
381.40 ^SAR	-0.47%		-3.39%	+48.70%

Dec. 05	H2O Innovation Inc. Strengthens Its Bonds in the Taweelah Project	CI
Dec. 03	ACWA Power Executive VP Discusses Business Plans	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	5,361	5,276	6,095	6,602	8,845	9,551
Change	-	-	-1.59%	15.52%	8.32%	33.97%	7.99%
EBITDA ¹	-	2,814	3,079	3,447	3,799	4,949	5,659
Change	-	-	9.42%	11.93%	10.2%	30.28%	14.36%
EBIT ¹	-	2,193	2,614	2,984	3,083	4,264	4,857
Change	-	-	19.15%	14.15%	3.32%	38.31%	13.91%
Interest Paid ¹	-	-1,060	-1,229	-1,475	-1,199	-1,470	-1,668
Earnings before Tax (EBT) ¹	-	827	1,491	1,835	2,213	2,388	2,770
Change	-	-	80.34%	23.04%	20.6%	7.91%	15.97%
Net income ¹	882.6	758.8	1,540	1,662	1,652	2,208	2,666
Change	-	-14.02%	102.96%	7.9%	-0.6%	33.67%	20.74%
Announcement Date	9/2/21	3/16/22	3/2/23	2/29/24	-	-	-

¹SAR in Million

Estimates

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q3	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	-	-	-	-	-	-	1,542,128	1,810	1,252	1,563	1,747	2,066	3,356
Change	-	-	-	-	-	-	-	-99.88%	-30.82%	24.83%	11.83%	18.21%	62.46%
EBITDA ¹	-	-	-	-	-	841.1	929.2	1,002	519.2	1,224	1,099	1,042	1,344
Change	-	-	-	-	-	-	10.47%	7.84%	-48.19%	135.77%	-10.23%	-5.19%	29.01%
EBIT ¹	-	533.1	516.7	652.8	-	727.1	814.2	877	401.2	990.2	976.3	863.1	1,211
Change	-	-	-3.09%	26.34%	-100%	-	11.98%	7.72%	-54.26%	146.84%	-1.41%	-11.59%	40.27%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-26.94	338.9	-	-	269.7	457	-	-	296.2	630.6	-	-	-
Change	-	-	-100%	-	-	69.42%	-100%	-	-	112.92%	-100%	-	-
Announcement Date	11/10/21	3/16/22	5/17/22	11/3/22	5/22/23	8/10/23	11/2/23	2/29/24	5/9/24	8/4/24	11/7/24	-	-

¹SAR in Million

Estimates

¹SAR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	20,424	18,156	21,594	22,554	30,982	38,284
Change	-	-	-11.1%	18.94%	4.45%	37.37%	23.57%
Announcement Date	9/2/21	3/16/22	3/2/23	2/29/24	-	-	-

¹SAR in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
CAPEX ¹	2,052	1,563	3,682	1,801	2,082	2,194
Change	-	-23.84%	135.59%	-51.09%	15.6%	5.38%
Free Cash Flow (FCF) ¹	1,831	1,348	-337.1	2,839	-1,258	519
Change	-	-26.34%	-125%	-942.16%	-144.33%	-141.24%
Announcement Date	3/16/22	3/2/23	2/29/24	-	-	-

¹SAR in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	52.5%	58.37%	56.55%	57.53%	55.95%	59.25%
EBIT Margin (%)	-	40.92%	49.54%	48.95%	46.69%	48.21%	50.85%
EBT Margin (%)	-	15.43%	28.27%	30.11%	33.52%	27%	29%
Net margin (%)	-	14.15%	29.19%	27.26%	25.02%	24.96%	27.91%
FCF margin (%)	-	34.15%	25.56%	-5.53%	43%	-14.23%	5.43%
FCF / Net Income (%)	-	241.26%	87.56%	-20.29%	171.88%	-57%	19.47%
Profitability
ROA	-	2.63%	3.24%	3.2%	2.65%	3.22%	3.88%
ROE	-	10.61%	9.58%	8.79%	7.92%	10.61%	10.54%
Financial Health
Leverage (Debt/EBITDA)	-	7.26x	5.9x	6.26x	5.94x	6.26x	6.77x
Debt / Free cash flow	-	11.16x	13.46x	-64.06x	7.94x	-24.62x	73.77x
Capital Intensity
CAPEX / Current Assets (%)	-	38.28%	29.62%	60.41%	27.28%	23.54%	22.97%
CAPEX / EBITDA (%)	-	72.91%	50.75%	106.82%	47.41%	42.07%	38.77%
CAPEX / FCF (%)	-	112.09%	115.9%	-1,092.23%	63.44%	-165.44%	422.74%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.7685	0.8283	0.4491	0.4491	0.3965	0.4657
Change	-	-	7.79%	-45.78%	0%	-11.71%	17.46%
Book Value Per Share ¹	-	18.41	25.47	26.15	25.9	28.87	31
Change	-	-	38.38%	2.67%	-0.98%	11.49%	7.37%
EPS ¹	1.367	1.036	2.106	2.265	2.255	3.018	3.642
Change	-	-24.25%	103.31%	7.58%	-0.47%	33.87%	20.68%
Nbr of stocks (in thousands)	-	732,562	732,562	732,562	732,562	732,562	732,562
Announcement Date	9/2/21	3/16/22	3/2/23	2/29/24	-	-	-