Naturgy Energy S A : 2023 Results Presentation

Results

24 July 2023

1H 23

1H 23

Results

1. Scenario
2. Consolidated results
3. Performance by business unit
4. Summary of 1H23
5. Strategic Plan 2021-25 review
6. Appendix

1H 23

Results

1. Scenario

1. Scenario I	I	I	I		I	1H 23

Naturgy's energy demand evolution (TWh)

Mixed demand across markets with declines mainly in Spain and Brazil

Spain

	12%
96	84
1H22	1H23

Argentina

	10%
44	48
1H22	1H23
Electricity	Gas

Mexico

2%

23	24
1H22	1H23

Spain

7%

13	12
1H22	1H23

Brazil

Chile

28	34%		2%
	18
		5	5
1H22	1H23	1H22	1H23

Panama	Argentina
6%	4%

	3	3	1	1
	1H22		1H23				1H22		1H23

4

1. Scenario I	I	I	I		I	1H 23

Energy markets evolution1

Decrease of gas and power prices following extraordinary 2022

Brent (USD/bbl)

Min.2	79	72
Max.2	138	88
	108	26%
		80
	1H22	1H23

TTF (€/MWh)

6823

21272

42%

100

58

1H22 1H23

Spanish electricity market (Pool) (€/MWh)

85	5
545	151
206	57%
	89
1H22	1H23

Henry Hub (USD/MMBtu)

Min.2	4	2
Max.2	9	5

43%

5
	3
1H22	1H23

Source: Platts, Heren, Bloomberg, ICE, OMIE

Note:

1. Average prices for the period
2. Minimum and maximum daily prices during the period

JKM (USD/MMBtu)

19	8
85	24
	38%
31
	19
1H22	1H23

CO2 (€/t)
58		75
96		97
83	3%	86
	1H22		1H23

5