Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Portugal
  4. Euronext Lisbonne
  5. EDP - Energias de Portugal, S.A.
  6. News
  7. Summary
    EDP   PTEDP0AM0009

EDP - ENERGIAS DE PORTUGAL, S.A.

(EDP)
  Report
Real-time Euronext Lisbonne  -  11:35:20 2023-02-03 am EST
4.649 EUR   -0.58%
01/30EDP, Cepsa to Collaborate on Large-Scale Green Hydrogen Production in Spain
MT
01/27EDP Electricity Generation Rose in 2022
DJ
01/26Edp Energias De Portugal S A : 2022 results to be impacted by impairment cost related to thermal plant in Brazil
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

EDP Energias de Portugal S A : Credit Investor Presentation - Nov 22

11/15/2022 | 11:22am EST

CREDIT INVESTORS' PRESENTATION

November 2022

Disclaimer

This document has been prepared by EDP - Energias de Portugal, S.A. (the "Company") solely for use at the presentation to be made on this date and its purpose is merely of informative nature and, as such, it may be amended and supplemented and it should be read as a summary of the matters addressed or contained herein. By attending the meeting where this presentation is made, or by reading the presentation slides, you acknowledge and agree to be boundby the following limitations and restrictions.

This presentation may not be distributed to the press or to any other person in any jurisdiction, and may not be reproduced in any form, in whole or in part for any other purpose without the express and prior consent in writing of the Company.

This presentation and all materials, documents and information used therein or distributed to investors in the context of this presentation do not constitute or form part of and should not be construed as, an offer (public or private) to sell or issue or the solicitation of an offer (public or private) to buy or acquire securities of the Company or any of its affiliates or subsidiaries in any jurisdiction or an inducement to enter into investment activity in any jurisdiction.

Neither this presentation nor any materials, documents and information used therein or distributed to investors in the context of this presentation or any part thereof, nor the fact of its distribution, shall form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever and may not be used in the future in connection with any offer (public or private) in relation to securities issued by the Company.

Any decision to invest in any securities of the Company or any of its affiliates or subsidiaries in any offering (public or private) should be made solely on the basis of the information to be contained in the relevant prospectus, key investor information or final offering memorandum provided to the investors and to be published in due course in relation to any such offering and/or public information on the Company or any of its affiliates or subsidiaries available in the market.

Matters discussed in this presentation may constitute forward-looking statements. Forward- looking statements are statements other than in respect of historical facts. The words "believe," "expect," "anticipate," "intends," "estimate," "will," "may", "continue," "should" and similar expressions usually identify forward-looking statements.

Forward-looking statements include statements regarding: objectives, goals, strategies, outlook and growth prospects; future plans, events or performance and potential for future growth; liquidity, capital resources and capital expenditures; economic outlook and industry trends; energy demand and supply; developments of the Company's markets; the impact of legal and regulatory initiatives; and the strength of the Company's competitors. The forward- looking statements in this presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Important factors that may lead to significant differences between the actual results and the statements of expectations about future events or results include the company's business strategy, financial strategy, national and international economic conditions, technology, legal and regulatory conditions, public service industry developments, hydrological conditions, cost of raw materials, financial market conditions, uncertainty of the results of future operations, plans, objectives, expectations and intentions, among others. Such risks, uncertainties, contingencies and other important factors could cause the actual results, performance or achievements of the Company or industry results to differ materially from those results expressed or impliedin this presentation by such forward-looking statements.

The information, opinions and forward-looking statements contained in this presentation speak only as at the date of this presentation, and are subject to change without notice unless required by applicable law. The Company and its respective directors, representatives, employees and/or advisors do not intend to, and expressly disclaim any duty, undertaking or obligation to, make or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this presentation to reflect any change in events, conditions or circumstances.

Credit Investors' Presentation

2

We are a global company, leader in the energy sector, present in 29 markets throughout different stages of the value chain

% Weight on EBITDA 2021

~62% Renewables

Wind, Solar & Hydro

~36% Networks

Distribution

Transmission

21%

32%

Client solutions &

EBITDA

~3%

€3.7 Bn 20%

energy management

Trading

New

Clients

solutions

19%

9%

Key indicators

Capacity installed

24.7

EBITDA

€3.7

Net Profit1

€0.8

Employees 12,236

Clients2 9.3 Mn

GW

Bn

Bn

Values as of 2021

1. Recurring | 2. Energy and services clients

Credit Investors' Presentation

3

Key credit strengths

Attractive, resilient and integrated business model with stable margins, visible cash flow generation and sustainable hedging policy

Favourable underlying trends across EDP key markets

Distinctive green positioning

Solid balance sheet and low risk profile with commitment towards a solid investment grade rating

Investment strategy focused on low-risk and green business profile

Modern and geographically diversified operations

  • Integrated operations across energy value chain allows for successful risk mitigation
  • Strong protection against inflation through long-term offtake contracts and long-duration hedges
  • Government actions supporting RES1 in Europe and US (RepowerEU, Inflation Reduction Act 2022)
  • Highly competitive RES1 market and fast-growing energy demand in LatAm
  • Consistently leading ESG rankings on sustainable strategy
  • 96% of total gross investments entirely focused on energy transition in 9M22
  • ~53% weight from renewables on EBITDA in 9M22 with aim to have 100% renewable generation by 2030
  • 3.5x Net Debt2/EBITDA as of Dec-2021 (in line with 2025 target) and strong liquidity position of €10.3bn3 as of September 2022
  • Protected against interest rate pressures with ~70% of fixed rate debt
  • Geographical: Europe and North America (~70% of capex in renewable capacity in 9M22)
  • Business: Networks & Renewables (~95% of capex in 9M22)
  • Low-carbon and modern generation fleet
  • Geographic diversification, a significant portion of EBITDA generated outside of Portugal, mainly in Spain, Brazil, US and Canada

Source: Company Information | (1) Renewable Energy Sources | (2) Net debt used for the ND/EBITDA ratio includes Net debt adjusted for regulatory receivables/payables plus 'Lease Liabilities' shown

Credit Investors' Presentation

4

under note 32 of EDP Group's for the period ended 31 December 2021 | (3) Detailed calculation on slide 16

Business Strategy

Execution

9M22 | Results Presentation

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

EDP - Energias de Portugal SA published this content on 15 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2022 16:21:05 UTC.


ę Publicnow 2022
All news about EDP - ENERGIAS DE PORTUGAL, S.A.
01/30EDP, Cepsa to Collaborate on Large-Scale Green Hydrogen Production in Spain
MT
01/27EDP Electricity Generation Rose in 2022
DJ
01/26Edp Energias De Portugal S A : 2022 results to be impacted by impairment cost related to t..
PU
01/24Edp Energias De Portugal S A : Results of the cash tender offer for outstanding hybrid
PU
01/23Tender Offer Final Results Announcement
AQ
01/23Tender Offer Indicative Results Announcement
AQ
01/17Target Acceptance Amount Announcement
AQ
01/16Edp - Energias De Portugal, S.a. Inf : Cash tender offer for outstanding Hybrid and new is..
PU
01/16Edp Energias De Portugal S A : Cash tender offer for outstanding Hybrid and new issue of g..
PU
01/16EDP - ENERGIAS DE PORTUGAL, S.A. announces Tender Offer
AQ
More news
Analyst Recommendations on EDP - ENERGIAS DE PORTUGAL, S.A.
More recommendations
Financials
Sales 2022 18 084 M 19 625 M 19 625 M
Net income 2022 845 M 917 M 917 M
Net Debt 2022 15 220 M 16 517 M 16 517 M
P/E ratio 2022 21,8x
Yield 2022 4,11%
Capitalization 18 350 M 19 913 M 19 913 M
EV / Sales 2022 1,86x
EV / Sales 2023 1,86x
Nbr of Employees 12 990
Free-Float 66,0%
Chart EDP - ENERGIAS DE PORTUGAL, S.A.
Duration : Period :
EDP - Energias de Portugal, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EDP - ENERGIAS DE PORTUGAL, S.A.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 4,65 €
Average target price 5,80 €
Spread / Average Target 24,7%
EPS Revisions
Managers and Directors
Miguel Stilwell de Andrade Chief Executive Officer
Rui Manuel Rodrigues Lopes Teixeira Chief Financial Officer
JoŃo LuÝs Ramalho de Carvalho Talone Chairman-Supervisory Board
Rita Sousa Head-Compliance
Fernando Maria Masaveu Herrero Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
EDP - ENERGIAS DE PORTUGAL, S.A.-0.15%19 913
NEXTERA ENERGY-10.68%148 382
DUKE ENERGY CORPORATION-0.92%77 453
SOUTHERN COMPANY-3.91%73 168
IBERDROLA, S.A.-1.78%73 026
ENEL S.P.A.6.60%59 117