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MarketScreener Homepage  >  Equities  >  Euronext Lisbonne  >  EDP - Energias de Portugal, S.A.    EDP   PTEDP0AM0009

EDP - ENERGIAS DE PORTUGAL, S.A.

(EDP)
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EDP Energias de Portugal S A : Apresentação de Resultados 9M20

10/30/2020 | 06:15am EST

Lisbon, October 30th, 2020

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. By attending the meeting where this presentation is made, or by reading the presentation slides, you acknowledge and agree to be bound by the following limitations and restrictions. Therefore, 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.

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 implied in 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.

9M20 RESULTS PRESENTATION

2

Recovery in 3Q20 vs. 2Q20 of electricity demand and prices in our main markets

75% EBITDA from long-term contracted and regulated activities

Renewables: 20 GW installed by Sep-20, with +6.5 GW secured (+0.7 GW closed YTD)

Positive developments regarding public support for renewables (EU, US)

Viesgo acquisition (electricity network & wind); Disposal of 2 CCGT and B2C supply in Spain Early coal shutdown in Iberia; €1.1bn renewable asset rotation in Europe & US

€1bn rights issue (8.45% of share capital) closed in Aug-20

€2.2bn bonds issued in 2020 YTD at 1.7% avg cost: Green bonds represent 30% of total debt

9M20 RESULTS PRESENTATION

3

EBITDA: -2% YoY

Recovery of hydro production in Iberia and good results in energy management

Electricity demand decline YoY, Brazilian Real devaluation vs. Euro (-23%), weak wind resources

Recurring Net Profit: +14% YoY

Avg cost of debt -80bps to 3.2%

Reported Net Profit €422m (-8% YoY), penalized by one-offs (coal shutdown in 2Q, CMEC provision in 3Q)

Net debt: -6% YTD to €13.0bn

Recurring Organic Cash Flow +36% YoY to €1.4bn

Gross expansion investments +58% YoY to €2.1bn, of which 89% renewables)

CO2 emission factor: -47% YoY

Renewables production +10% YoY making up 74% of generation mix, CO2 emissions -50% YoY

  1. Based on Reported Net Debt excluding net Regulatory Receivables and last 12 months of recurring EBITDA

EBITDA

Recurring Net Profit

Net Debt / EBITDA(1)

gCO2/kWh

9M20 RESULTS PRESENTATION

4

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 30 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2020 11:14:01 UTC


© Publicnow 2020
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Financials
Sales 2020 14 150 M 17 068 M 17 068 M
Net income 2020 779 M 940 M 940 M
Net Debt 2020 13 115 M 15 820 M 15 820 M
P/E ratio 2020 24,2x
Yield 2020 4,00%
Capitalization 17 955 M 21 682 M 21 657 M
EV / Sales 2020 2,20x
EV / Sales 2021 2,17x
Nbr of Employees 12 180
Free-Float 71,0%
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Technical analysis trends EDP - ENERGIAS DE PORTUGAL, S.A.
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 5,65 €
Last Close Price 4,77 €
Spread / Highest target 60,3%
Spread / Average Target 18,5%
Spread / Lowest Target -3,58%
EPS Revisions
Managers and Directors
NameTitle
Miguel Stilwell de Andrade Chief Executive Officer & Chief Financial Officer
Luís Filipe Marques Amado Chairman-Supervisory Board
Rita Sousa Head-Compliance
Maria Celeste Ferreira Lopes Cardona Member-Supervisory Board
Fernando Maria Masaveu Herrero Member-Supervisory Board
Sector and Competitors
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ORSTED A/S-22.17%66 010