MVV Energie : Sustainability Report FY 2022

Sustainability Report 2022

Contents
Foreword	7
About This Report	9
GRI 2: General Disclosures	10
1.	Organisation and Reporting Practices	10
2.	Activities and Workers	11
3.	Governance	14
4.	Strategy, Policies and Practices	18
5.	Stakeholder Engagement	21
GRI 3: Disclosures and Guidance on Material Topics..	23
Material Topics: Disclosures Relating to the
Topic Standards	35
Economic Performance	35
Energy and Environment	37
System Transformation	51
Employees and Society	60
Further Information	68
GRI Content Index	68
Progress Report for UN Global Compact	72
UN Sustainable Development Goals (SDG)	73
Transparency Recommendations of the Task Force on
Climate-related Financial Disclosure (TCFD)	74
Imprint/Contact	75

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Sustainability Report 2022 | MVV

MVV at a Glance

ADJUSTED SALES

4.2 Euro billion

INVESTMENTS

335 Euro million

DIRECT CO2 EMISSIONS (SCOPE 1)

3,647 tonnes 000s

RENEWABLE ELECTRICITY GENERATION CAPACITY

614 MWe

GREEN HEAT GENERATION CAPACITY

861 MWt

COMPLETED DEVELOPMENT OF NEW

RENEWABLE ENERGIES PLANTS

476 MWe

ADJUSTED EBIT EXCLUDING DISPOSAL GAINS

298 Euro million

EMPLOYEES

6,556

INDIRECT CO2 EMISSIONS (SCOPES 2 AND 3)

5,219 tonnes 000s

RENEWABLE ELECTRICITY GENERATION VOLUMES

1,295 kWh million

GREEN HEAT GENERATION VOLUMES

2,662 kWh million

OPERATIONS MANAGEMENT FOR RENEWABLE ENERGIES PLANTS

3,779 MWe

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Sustainability Report 2022 | MVV

Target achievement for our sustainability and decarbonisation targets FY 2022

2022

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Sustainability Report 2022 | MVV

MVV in Figures

		FY 2022		FY 2021		% change
Financial key figures
Sales and earnings
Adjusted sales excluding energy taxes (Euro million)		4,199		4,131		+ 2
Adjusted EBITDA 1 (Euro million)		564		482		+ 17
Adjusted EBITDA excluding disposal gains		509		479		+ 6
Adjusted EBIT 1 (Euro million)		353		278		+ 27
Adjusted EBIT excluding disposal gains		298		275		+ 8
Adjusted annual net income 1 (Euro million)		249		177		+ 41
Adjusted annual net income after minority interests 1 (Euro million)	176	150	+ 17
Capital structure
Adjusted total assets at 30 September 2 (Euro million)		6,888		5,815		+ 18
Adjusted total assets excluding margins at 30 September 2, 3 (Euro million)		5,434		4,994		+ 9
Adjusted equity at 30 September 2 (Euro million)		1,863		1,662		+ 12
Adjusted equity ratio at 30 September 2 (%)		27.1		28.6		- 5
Adjusted equity ratio excluding margins at 30 September 2, 3 (%)		34.3		33.3		+ 3
Net financial debt at 30 September (Euro million)		32		628		- 95
Net financial debt excluding margins at 30 September 3 (Euro million)	1,449	1,450	0
Cash flow and investments
Cash flow from operating activities (Euro million)		952		1,203		- 21
Cash flow from operating activities excluding margins 3 (Euro million)		357		360		- 1
Investments (Euro million)	335	306	+ 9
Value performance
ROCE (%)		16.2		10.2		+ 59
ROCE excluding disposal gains (%)		13.7		10.1		+ 36
ROCE excluding margins 3 (%)		10.7		8.9		+ 20
ROCE excluding disposal gains and excluding margins (%)		9.0		8.8		+ 2
WACC (%)		6.6		5.9		+ 12
Value spread (%)		9.6		4.3		>+ 100
Value spread excluding disposal gains (%)		7.1		4.2		+ 69
Value spread excluding margins 3 (%)		4.1		3.0		+ 37
Value spread excluding disposal gains and excluding margins (%)		2.4		2.9		- 17
Capital employed (Euro million)		2,178		2,715		- 20
Capital employed excluding margins 3 (Euro million)	3,298	3,115	+ 6
Share
Dividend per share 4 (Euro)		1.05		1.05		0
Adjusted earnings per share 1 (Euro)		2.67		2.28		+ 17

1. Excluding non-operating measurement items for financial derivatives, excluding structural adjustment for part-time early retirement and including interest income from finance leases
2. Excluding non-operating measurement items for financial derivatives
3. Excluding collateral deposited at MVV for counterparty default risks (margins)
4. Subject to approval by Annual General Meeting on 10 March 2023

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