Financials Naturgy Energy Group, S.A.

Equities

Real-time Estimate Tradegate Other stock markets 03:31:25 2024-09-10 am EDT			5-day change	1st Jan Change
22.99 ^EUR	+0.57%		-0.09%	-14.96%

Jul. 25	Europe welcomes Middle East money but some deals face headwinds	RE
Jul. 24	BNP Paribas Upgrades Naturgy Energy to Neutral Rating, Lifts PT	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	23,035	15,345	22,140	33,965	22,617	25,429	23,392	21,887
Change	-	-33.38%	44.28%	53.41%	-33.41%	12.43%	-8.01%	-6.43%
EBITDA ¹	4,668	3,449	3,529	4,954	5,475	5,160	5,043	5,056
Change	-	-26.11%	2.32%	40.38%	10.52%	-5.75%	-2.26%	0.24%
EBIT ¹	2,933	2,080	2,438	3,083	3,470	3,372	3,199	3,119
Change	-	-29.08%	17.21%	26.46%	12.55%	-2.83%	-5.13%	-2.51%
Interest Paid ¹	-666	-538	-394.4	-665	-504	-575.2	-605.6	-619.6
Earnings before Tax (EBT) ¹	2,272	-36	1,797	2,546	3,042	2,803	2,628	2,398
Change	-	-	-	41.7%	19.48%	-7.86%	-6.24%	-8.75%
Net income ¹	1,401	-347	1,214	1,649	1,986	1,817	1,674	1,584
Change	-	-	-	35.8%	20.44%	-8.52%	-7.87%	-5.4%
Announcement Date	2/2/20	2/4/21	2/4/22	2/14/23	2/27/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2024 Q3	2024 Q4
Net sales	5,467	5,929	5,067	3,714	4,014	2,550	4,686	4,439	5,428	7,582	8,141	8,596	10,274	6,954	-	-
Change	-	8.45%	-14.54%	-26.7%	8.08%	-36.47%	83.76%	-5.27%	22.28%	39.68%	7.37%	5.59%	19.52%	-32.31%	-100%	-
EBITDA	1,140	1,330	944	926	904	675	982	696	882	969	1,074	973	1,455	1,452	-	-
Change	-	16.67%	-29.02%	-1.91%	-2.38%	-25.33%	45.48%	-29.12%	26.72%	9.86%	10.84%	-9.4%	49.54%	-0.21%	-100%	-
EBIT	564	-	505	490	462	407	665	338	494	941	661	441	1,059	922	-	-
Change	-	-100%	-	-2.97%	-5.71%	-11.9%	63.39%	-49.17%	46.15%	90.49%	-29.76%	-33.28%	140.14%	-12.94%	-100%	-
Charge d'intérêts	-147	-188	-138	-141	-94	-165	-122	-114	-87	-71.4	-123	-213	-172	-102	-	-
Earnings before Tax (EBT)	540	-	364	355	334	-1,089	557	243	427	569.8	579	252	853	862	-	-
Change	-	-100%	-	-2.47%	-5.92%	-	-	-56.37%	75.72%	33.45%	1.61%	-56.48%	238.49%	1.06%	-100%	-
Net income ¹	309	500	199	135	156	-837	383	101	293	437.3	347	210	504	588	368.7	437.7
Change	-	61.81%	-60.2%	-32.16%	15.56%	-	-	-73.63%	190.1%	49.25%	-20.65%	-39.48%	140%	16.67%	-37.3%	18.71%
Announcement Date	10/30/19	2/2/20	4/29/20	7/22/20	10/28/20	2/4/21	4/28/21	7/28/21	11/10/21	2/4/22	5/12/22	8/11/22	11/11/22	2/14/23	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S1	2021 S1	2022 S1	2023 S1	2023 S2	2024 S1	2024 S2
Net sales ¹	8,781	9,125	16,737	12,054	-	9,071	13,180
Change	-	3.92%	83.42%	-27.98%	-100%	-	45.29%
EBITDA	1,870	1,678	2,047	2,849	2,626	2,846	-
Change	-	-10.27%	21.99%	39.18%	-7.83%	8.38%	-100%
EBIT	995	1,003	1,102	1,713	1,757	1,856	-
Change	-	0.8%	9.87%	55.44%	2.57%	5.63%	-100%
Charge d'intérêts	-279	-236	-336	-250	-254	-215	-
Earnings before Tax (EBT)	719	800	831	1,506	1,536	1,697	-
Change	-	11.27%	3.88%	81.23%	1.99%	10.48%	-100%
Net income	334	484	557	1,045	941	1,043	-
Change	-	44.91%	15.08%	87.61%	-9.95%	10.84%	-100%
Announcement Date	7/22/20	7/28/21	8/11/22	7/24/23	2/27/24	7/22/24	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	15,268	13,054	12,831	12,070	12,090	13,037	14,337	14,391
Change	-	-14.5%	-1.71%	-5.93%	0.17%	7.83%	9.97%	0.38%
Announcement Date	2/2/20	2/4/21	2/4/22	2/14/23	2/27/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	1,849	1,474	1,423	1,833	2,060	2,673	3,217	2,598
Change	-	-20.28%	-3.46%	28.81%	12.38%	29.74%	20.37%	-19.23%
Free Cash Flow (FCF) ¹	1,958	1,958	2,113	1,914	2,536	980	391	1,037
Change	-	0%	7.92%	-9.42%	32.5%	-61.36%	-60.1%	165.22%
Announcement Date	2/2/20	2/4/21	2/4/22	2/14/23	2/27/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	20.26%	22.48%	15.94%	14.59%	24.21%	20.29%	21.56%	23.1%
EBIT Margin (%)	12.73%	13.55%	11.01%	9.08%	15.34%	13.26%	13.67%	14.25%
EBT Margin (%)	9.86%	-0.23%	8.12%	7.5%	13.45%	11.02%	11.24%	10.96%
Net margin (%)	6.08%	-2.26%	5.48%	4.85%	8.78%	7.14%	7.16%	7.24%
FCF margin (%)	8.5%	12.76%	9.54%	5.64%	11.21%	3.85%	1.67%	4.74%
FCF / Net Income (%)	139.76%	-564.27%	174.01%	116.07%	127.69%	53.94%	23.36%	65.49%
Profitability
ROA	3.5%	2.16%	3.16%	4.19%	5.07%	4.48%	4.04%	3.75%
ROE	13.32%	9.39%	17.69%	24.5%	23.33%	18.22%	16%	14.31%
Financial Health
Leverage (Debt/EBITDA)	3.27x	3.78x	3.64x	2.44x	2.21x	2.53x	2.84x	2.85x
Debt / Free cash flow	7.8x	6.67x	6.07x	6.31x	4.77x	13.3x	36.67x	13.88x
Capital Intensity
CAPEX / Current Assets (%)	8.03%	9.61%	6.43%	5.4%	9.11%	10.51%	13.75%	11.87%
CAPEX / EBITDA (%)	39.61%	42.74%	40.32%	37%	37.63%	51.8%	63.79%	51.39%
CAPEX / FCF (%)	94.43%	75.28%	67.35%	95.77%	81.23%	272.72%	822.76%	250.55%
Items per share
Cash flow per share ¹	4.113	3.566	1.039	4.425	5.055	3.44	3.25	3.15
Change	-	-13.31%	-70.86%	325.85%	14.25%	-31.95%	-5.52%	-3.08%
Dividend per Share ¹	1.37	1.12	1.2	1.2	1.5	1.4	1.399	1.4
Change	-	-18.25%	7.14%	0%	25%	-6.67%	-0.06%	0.06%
Book Value Per Share ¹	10.87	8.354	6.074	7.808	9.833	9.96	10.4	11.12
Change	-	-23.17%	-27.3%	28.55%	25.94%	1.28%	4.46%	6.87%
EPS ¹	1.43	-0.36	1.26	1.72	2.07	1.873	1.697	1.615
Change	-	-125.17%	-450%	36.51%	20.35%	-9.5%	-9.42%	-4.85%
Nbr of stocks (in thousands)	973,310	960,938	960,938	960,918	960,881	960,734	960,734	960,734
Announcement Date	2/2/20	2/4/21	2/4/22	2/14/23	2/27/24	-	-	-