EDP - ENERGIAS DE PORTUGAL, S.A. 
OPERATING DATA PREVIEW 9M22
Lisbon, October 14th, 2022
KEY HIGHLIGHTS
- Over the last 12 months, +2.7 GW of wind and solar capacity were added to the portfolio, of which 0.9 GW in Europe, 0.7 GW in APAC, 0.6 GW in North America and 0.6 GW in Brazil. Wind and Solar installed capacity amounted to 14.5 GW (EBITDA + Equity) in September 2022, +10% or +1.3 GW YoY, including the impact of 6 renewables asset rotation transactions concluded in the last 12 months in 4 European markets and in US, amounting to 1.2 GW of renewable capacity. By the end of Sep-22,we had 4.3 GW of renewables capacity under construction in 15 markets in Europe, Americas and APAC.
- Total generation in 9M22 increased 6% YoY, on the back of higher renewables globally and the increase in thermal generation in Iberia, following the drought in Iberia and the increase of electricity exports to France.
- Wind and Solar generation increased 14% as result of higher installed capacity and as a result of wind & solar resources in line with LT average (vs. -5% vs. LT avg. in 9M21).
- Hydro production in Iberia decreased 53% (3.3 TWh below expected), which was partially compensated by higher thermal generation in Iberia, that increased +80% or +5.6 TWh YoY. In Brazil, in 9M22, the improvement in hydro situation resulted in almost zero coal generation.
- In the supply business, in Iberia, electricity volume sold increased 9% YoY, reflecting mainly the growth of volumes sold to business clients in Spain. On Gas, volumes sold decreased 9% YoY.
- Electricity distributed in 9M22 increased 2% in Portugal and in Brasil. Customers connected increased 1% YoY in Iberia and 3% YoY in Brasil.
MARKET INDICATORS
Iberian market | 9M22 | 9M21 | ∆% | |||
Average electricity spot price - Spain | €/MWh | 185.8 | 78.5 | +137% | ||
Hydro coefficient - Portugal | 1.0 = avg. Year | 0.37 | 1.13 | -67% | ||
Hydro coefficient - Spain | 1.0 = avg. Year | 0.50 | 1.00 | -50% | ||
Wind coefficient - Portugal | 1.0 = avg. Year | 0.95 | 0.98 | -3% | ||
Brazilian market | ||||||
Average spot price (PLD) | R$/MWh | 60 | 328 | -82% | ||
Generation Scalling Factor (GSF) (1) | % | 89% | 75% | +18% | ||
Exchange rates | ||||||
EUR/USD | - | Average | 1.06 | 1.20 | +12% | |
EUR/BRL | - | Average | 5.46 | 6.38 | +17% | |
EUR/USD | - | End of period | 0.97 | 1.16 | +19% | |
EUR/BRL | - | End of period | 5.26 | 6.26 | +19% |
- Weighted average
INSTALLED CAPACITY
MW | Sep-22 | Sep-21 | ∆ | ∆% | Installed capacity | Sep-22 | Capacity evolution | YoY | |||||||
Wind | 11,907 | 11,620 | +287 | +2% | EBITDA + Equity MW | EBITDA + Equity MW | |||||||
North America | 6,079 | 6,207 | -128 | -2% | |||||||||
Europe | 4,917 | 4,977 | -60 | -1% | 1% | ||||||||
South America & APAC | 910 | 436 | +475 | +109% | 9% | ||||||||
Hydro | 7,127 | 7,127 | |||||||||||
Iberia (1) | 5,527 | 5,527 | 10% | (1) | |||||||||
Brazil | 1,599 | 1,599 | 6% | 46% | |||||||||
Solar (2) | 1,474 | 734 | +739 | +101% | 27.8 GW | ||||||||
North America | 396 | 362 | +34 | +9% | |||||||||
Europe | 153 | 110 | +42 | +38% | |||||||||
South America & APAC | 925 | 262 | +663 | 28% | |||||||||
79% | |||||||||||||
o/w Solar DG (3) | 549 | 86 | +463 | +538% | |||||||||
Renewables | |||||||||||||
Gas Iberia | 2,886 | 2,886 | |||||||||||
Wind | Hydro | Solar | (1) The YoY variation considers the | ||||||||||
Coal | 2,540 | 1,970 | +570 | +29% | |||||||||
Iberia | 1,820 | 1,250 | +570 | +46% | Gas | Coal | Other | decommissioning of the original 151MW related | |||||
to Blue Canyon II Repowering | |||||||||||||
Brazil | 720 | 720 | |||||||||||
Other (4) | 178 | 178 | |||||||||||
EBITDA MW | 26,111 | 24,515 | +1,596 | +7% | Capacity under construction | Sep-22 | 4,270 MW | |||||||
Equity MW | 1,665 | 1,342 | +324 | +24% | |||||||||
EBITDA + Equity MW | 27,776 | 25,857 | +1,920 | +7% | |||||||||
- Includes small-hydro;(2) Solar capacity and solar load factors reported in MWac; (3) As-a- service capacity ; (4) Nuclear, Cogeneration & Waste
ELECTRICITY GENERATION
GWh | 9M22 | 9M21 | ∆ | ∆% | 3Q22 | 3Q21 | ∆ | ∆% | |||||||||
Wind | 23,291 | 20,971 | +2,320 | +11% | 6,139 | 5,865 | +274 | +5% | Electricity Generation | Sep-22 | ||||||||
North America | 13,123 | 11,952 | +1,171 | +10% | 3,100 | 3,066 | +34 | +1% | |||||||||
Europe | 8,569 | 7,815 | +754 | +10% | 2,277 | 2,088 | +189 | +9% | |||||||||
South America & APAC | 1,599 | 1,204 | +395 | +33% | 762 | 710 | +52 | +7% | 2% | ||||||||
Hydro | 7,746 | 11,296 | -3,550 | -31% | 1,743 | 2,507 | -763 | -30% | 12% | ||||||||
Iberia(1) | 3,567 | 7,655 | -4,088 | -53% | 769 | 1,494 | -725 | -49% | |||||||||
Brazil | 4,178 | 3,641 | +537 | +15% | 974 | 1,012 | -38 | -4% | 15% | ||||||||
Solar | 1,089 | 491 | +598 | +122% | 450 | 259 | +190 | +73% | 45.7 TWh | 51% | |||||||
North America | 301 | 412 | -111 | -27% | 137 | 220 | -82 | -38% | 3% | ||||||||
Europe | 66 | 64 | +2 | +2% | 23 | 25 | -2 | -7% | |||||||||
South America & APAC | 722 | 14 | +708 | 289 | 14 | +275 | 17% | ||||||||||
70% | |||||||||||||||||
Gas Iberia | 6,915 | 4,367 | +2,548 | +58% | 2,996 | 1,790 | +1,206 | +67% | |||||||||
Renewables | |||||||||||||||||
Coal | 5,650 | 5,088 | +561 | +11% | 2,288 | 2,451 | -162 | -7% | |||||||||
Iberia | 5,646 | 2,618 | +3,028 | +116% | 2,288 | 1,110 | +1,178 | +106% | Wind | Hydro | Solar | ||||||
Brazil | 4 | 2,470 | -2,467 | -100% | 0 | 1,341 | -1,341 | -100% | Gas | Coal | Other | ||||||
Other (2) | 977 | 952 | +25 | +3% | 374 | 369 | +5 | +1% | |||||||||
Total | 45,667 | 43,165 | +2,502 | +6% | 13,991 | 13,241 | 750 | 6% | |||||||||
- Includes small-hydro;(2) Nuclear, Cogeneration & Waste
Investor Relations Department | Phone: +351 21 001 28 34 | Email: ir@edp.com | www.edp.com | 1 |
OPERATING DATA PREVIEW 9M22
Lisbon, October 14th, 2022
LOAD FACTORS | ENERGY DISTRIBUTION | ||||||||||||||||||||||||||||
Load factors | 9M22 | 9M21 | 3Q22 | 3Q21 | W&S Production deviation vs. exp. LT | Hydro resources deviation vs. | Iberia | 9M22 | 9M21 | ∆ | ∆% | ||||||||||||||||||
Wind | 30% | 28% | 24% | 23% | avg. Gross Capacity Factor | 9M22 vs | historical avg. | 9M22 vs 9M21 | Electricity distributed (GWh) | 44,142 | 43,801 | +341 | +1% | ||||||||||||||||||
9M21 | |||||||||||||||||||||||||||||
33% | 30% | 23% | 23% | ||||||||||||||||||||||||||
North America | Portugal | 34,013 | 33,197 | +815 | +2% | ||||||||||||||||||||||||
Europe | 26% | 25% | 21% | 20% | Spain | 10,129 | 10,603 | -474 | -4% | ||||||||||||||||||||
South America & APAC | 42% | 41% | 59% | 55% | 0% | ||||||||||||||||||||||||
Hydro | 10% | 21% | 6% | 12% | 13% | Customers connected (th) | 7,794 | 7,730 | +65 | +1% | |||||||||||||||||||
Iberia(1) | Portugal | 6,413 | 6,355 | +58 | +1% | ||||||||||||||||||||||||
Brazil | 40% | 35% | 28% | 29% | Spain | 1,382 | 1,375 | +7 | +1% | ||||||||||||||||||||
Solar | 19% | 27% | 19% | 31% | |||||||||||||||||||||||||
North America | 27% | 30% | 27% | 32% | |||||||||||||||||||||||||
Europe | 18% | 18% | 19% | 20% | Brazil | 9M22 | 9M21 | ∆ | ∆% | ||||||||||||||||||||
South America & APAC | 18% | 18% | Electricity distributed (GWh) | 19,881 | 19,501 | +380 | +2% | ||||||||||||||||||||||
Gas Iberia | 37% | 23% | 47% | 28% | -5% | Final customers | 10,333 | 10,214 | +119 | +1% | |||||||||||||||||||
Coal | -63% | Access customers | 9,548 | 9,287 | +261 | +3% | |||||||||||||||||||||||
Iberia | 47% | 32% | 57% | 40% | 9M22 | 9M21 | 9M22 | 9M21 | |||||||||||||||||||||
Brazil | 0% | 52% | 0% | 84% | Customers connected (th) | 3,751 | 3,651 | +100 | +3% | ||||||||||||||||||||
Other(2) | 84% | 82% | 95% | 94% | EDP São Paulo | 2,065 | 2,005 | +60 | +3% | ||||||||||||||||||||
(1) Includes small-hydro;(2) Nuclear, Cogen. & Waste | EDP Espírito Santo | 1,685 | 1,645 | +40 | +2% |
ENERGY SUPPLY
Volumes supplied (GWh) | No. of Clients (th) | Volumes of electricity supplied | ||||||||
9M22 | 9M21 | ∆% | Sep-22 | Sep-21 | ∆% | |||||
in Iberia - Liberalized | 9M22 | ||||||||||
Electricity Iberia | 24,653 | 22,717 | +9% | 4,919 | 4,951 | -1% | ||||
Portugal Liberalized | 13,390 | 12,962 | +3% | 3,971 | 4,013 | -1% | ||||
Portugal Regulated | 2,033 | 1,696 | +20% | 926 | 915 | +1% | 28% | |||
Spain | 9,230 | 8,060 | +15% | 21 | 22 | -5% | ||||
22.6 TWh | ||||||||||
Gas Iberia | 5,565 | 6,131 | -9% | 663 | 687 | -4% | 72% | |||
Portugal Liberalized | 2,862 | 3,176 | -10% | 628 | 650 | -3% | ||||
Portugal Regulated | 137 | 126 | +8% | 31 | 32 | -5% | ||||
Spain | 2,566 | 2,828 | -9% | 4 | 5 | -14% | Business | Residential |
KEY ANNOUNCEMENTS
07-Jul-2022CfD awarded to offshore project in the UK
29-Jul-2022EDP acquires solar development platform based in Germany
29-Jul-2022EDP signs asset rotation deal for a 172 MW operating wind portfolio in Italy
29-Jul-2022EDP sells its 50% stake in Hydro Global to CTG
01-Aug-2022EDP secures PPA for 200 MW solar project in the US
02-Aug-2022ANEEL approves Tariff Revision at EDP Espírito Santo for2022-2025 04-Aug-20225+2-Year€3,650,000,000Sustainability-LinkedLoan 30-Aug-2022Sale of Mascarenhas Hydro Power Plant ("Energest")
07-Sep-2022EDP concludes Solar PV deal in APAC strengthening its position in the region 09-Sep-2022Conclusion of Asset Rotation Deal of a 172 MW Wind Portfolio in Italy 29-Sep-2022New Debt Issued at Pecém Thermal Plant
9M22 RESULTS RELEASE
EDP's 9M22 results will be released on October 27th, 2022. A conference call will be hosted by EDP's CEO, Mr. Miguel Stilwell d'Andrade and EDP's CFO, Mr. Rui Teixeira, the day after, at 11:30 GMT. More information will be available onwww.edp.com.
Investor Relations Department | Phone: +351 21 001 28 34 | Email: ir@edp.com | www.edp.com | 2 |
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EDP - Energias de Portugal SA published this content on 14 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 October 2022 06:32:04 UTC.
