BKW continues its growth trajectory with strong result
Agenda
1 Review FY 2023
CEO Robert Itschner
2 Financials FY 2023
CFO Martin Zwyssig
3 Strategy and outlook
CEO Robert Itschner
4 Q&A
Analyst and Media Conference FY 2023
12.03.2024
3
BKW posts strong FY 2023 result
Revenue
EBIT
Operating net profit
CHF 4,598 m CHF 620 m
CHF 432 m
Analyst and Media Conference FY 2023
12.03.2024
4
BKW on long-term growth trajectory
EBIT in CHF m
1,039
620
433
436
465
2019
2020
2021
2022
2023
Analyst and Media Conference FY 2023
12.03.2024
5
Focus on proven three-pillar strategy
allows growth along the entire energy value chain
Energy
Grid
Services
Analyst and Media Conference FY 2023
12.03.2024
6
Energy: Continuous growth in energy production and trading
Strong momentum for the expansion of renewables in Switzerland Positive decision on the Trift concession, building permit received for Tramelan, strong pipeline for ground-mounted solar installations
Exceeding the target of 1 GW of new renewables by 2026 New wind farms with 255 MW acquired in Sweden and Italy
Expansion of customer-specific energy solutions
More than 1 GW in new PPAs concluded in Europe, growth in decentralized flexibility
De-riskingthe production portfolio
KKM free of nuclear fuels ahead of schedule
Analyst and Media Conference FY 2023
12.03.2024
7
Grid: Stable contribution to EBIT
Security of supply
99.996% availability of BKW grid
Integration of renewable production into grid
Over 23,500 PV systems with 500 MW connected to BKW grid (+50% from 2022 to 2023)
Substantial investments, generating stable cash flows CAPEX of more than CHF 120 m per year
Analyst and Media Conference FY 2023
12.03.2024
8
Services: Strong order backlog,
launch of two-year program to improve profitability
Strong order backlog
Project volume of EUR 330 m to upgrade electrical infrastructure in Germany and of CHF 218 m in the public sector
Ongoing portfolio optimization
Introduction of consolidation measures, launch of the largest engineering network in the DACH region
Result impacted in 2023 by non-recurringitems Value adjustments on projects and impairment losses
Improvement in profitability
Two-year program launched to increase profitability
Analyst and Media Conference FY 2023
12.03.2024
9
ESG: Important progress in sustainability
Environment
Targets set: Net Zero 2040 for energy business; 100% electrification of vehicle fleet by 2030
Social
Signing of the SUVA Charter for occupational safety, launch of diversity and inclusion communities, signing of Advance Diversity Charter
Governance
Further development of the BKW Integrity Line whistleblower system
Financials FY 2023
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BKW AG (BKW) is a Switzerland-based company engaged in the energy sector. It covers energy supply, from production and transmission to trading and distribution. The Company's production portfolio incorporates hydroelectric and nuclear power plants, gas-fired power plants and renewable energy facilities. Its subsidiaries include Aicher, De Martin, Zweng AG (ADZ), Arnold AG, engaged in the construction and maintenance of energy, telecommunications, transport and water infrastructure networks; Antec Group AG, engaged in building technology infrastructure services; BKW ISP AG, engaged in electrical installation, telematics and photovoltaics; Ingenieurgemeinschaft Bilek + Kirschner GmbH and Kraftwerks- und Anlagen Engineering GmbH, which focus on engineering services and consulting; IWAG Ingenieure AG (IWAG); Schmid Amrhein AG; Inag-Nievergelt AG (Inag), as well as Enerpeak AG, offering energy and safety engineering solutions for buildings, among others.
BKW AG 
