FY results 2021 above guidance -
H1 2022 results high above previous year's key figures
Short Cut FY 2021 / Q2-6M 2022 Interim Report incl. raised Guidance FY 2022e, August 25th, 2022
Improving efficiency and cost reduction through Economies of Scale and Scope
ENERGY
Energy forms the basis of our collective activity and work
CAPITAL
We invest capital to acquire wind farms and solar parks to generate attractive returns
VISION
We are working towards a future with decentralised power generation from wind power and solar energy
Encavis Asset
Management
Encavis
Technical Services /
Stern Energy
Encavis AG
25/08/2022 2
Encavis at a glance
Key Performance Indicators of H1 2022 are significantly
above comparable previous year's level and above plan
Operating figures | Absolute change | Change to | |||
H1 2020 | H1 2021 | H1 2022 | |||
(in EUR million) | to H1 2021 | H1 2021 in percent | |||
Energy production in GWh | 1,120.0 | 1,443.4 | 1,693.8 | 250.4 | + 17 % |
thereof existing portfolio | - | 1,410.7 | 1,542.0 | 131.3 | + 9% |
Revenue | 154.8 | 162.2 | 226.4 | + 64.2 | + 40 % |
Operating EBITDA | 119.6 | 122.3 | 170.6 | + 48.3 | + 40 % |
Operating EBIT | 74.5 | 68.7 | 109.8 | + 41.1 | + 60 % |
Operating Cash Flow | 115.2 | 109.4 | 160.2 | + 50.8 | + 46 % |
Operating EPS in EUR | 0.27 | 0.18 | 0.33 | + 0.15 | + 83 % |
2022/06/30 Equity ratio 31.2 %
- Revenue growth driven by currently more favourable weather conditions compared to the unfavourable weather conditions in H1 2021 and higher wind and solar performance
- Increased production volume of the existing portfolio has been supported through additional volume effects of wind and solar parks newly connected to the grid in the past year as well as in the first half year 2022
- High electricity prices realised in H1 2022, especially since the Russian war in Ukraine (since February 24), were high above
the level of H1 2021 and above plan | 25/08/2022 | 3 |
Encavis at a glance
All key figures could be improved significantly, although meteorological conditions in 2021 were below the outstanding year 2020
Operating figures | FY 2020 | FY 2021 | Absolute change to | Absolute change to |
(in EUR million) | FY 2020 | FY 2020 in percent | ||
Revenue | 292.3 | 332.7 | + 40.4 | + 14 % |
Operating EBITDA | 224.8 | 256.4 | + 31.6 | + 14 % |
Operating EBIT | 132.2 | 149.1 | + 16.9 | + 13 % |
Operating Cash Flow | 212.9 | 251.9 | + 39.0 | + 18 % |
Operating EPS in EUR | 0.43 | 0.48 | + 0.05 | + 12 % |
- Revenue growth driven by new acquisitions and Encavis Asset Management (EAM)
- Cash Flow growth dominated by Spanish PV parks "La Cabrera" and "Talayuela"
25/08/2022 4
Encavis at a glance
Operating Key Figures in FY 2021 outperformed guidance and analysts' consensus
Analysts' | Change to | ||||
Operating figures | Guidance | Consensus | Absolute change to | ||
FY 2021 | guidance | ||||
(in EUR million) | FY 2021e | FY 2021e | guidance FY 2021e | ||
FY 2021e in percent | |||||
(2022-02-04) | |||||
Revenue | > 320 | ~ 323 | 332.7 | > 12 | + 4 % |
Operating EBITDA | > 240 | ~ 244 | 256.4 | > 16 | + 7 % |
Operating EBIT | > 138 | ~ 141 | 149.1 | > 11 | + 8 % |
Operating Cash Flow | > 210 | ~ 224 | 251.9 | > 41 | + 20 % |
Operating EPS in EUR | 0.46 | ~ 0.46 | 0.48 | + 0.02 | + 4 % |
- Strong increase in electricity prices especially in Q4/2021 compensated decline in energy production without new acquisitions
- PV parks outperformed guidance significantly and more than compensated weather-related deficiencies in wind farms
25/08/2022 5
Um den Rest dieser Noodl zu lesen, rufen Sie bitte die Originalversion auf, und zwar hier.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Encavis AG published this content on 25 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2022 08:17:07 UTC.