Financials PPL Corporation

Equities

Market Closed - Nyse Other stock markets 04:00:02 2024-12-02 pm EST			5-day change	1st Jan Change
34.44 ^USD	-1.40%		+0.12%	+27.08%

Nov. 26	JPMorgan Adjusts Price Target on PPL to $38 From $37, Maintains Overweight Rating	MT
Nov. 22	Morgan Stanley Trims Price Target on PPL to $35 From $36, Maintains Overweight Rating	MT

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	7,769	7,607	5,783	7,902	8,312	8,393	8,348	8,861
Change	-	-2.09%	-23.98%	36.64%	5.19%	0.97%	-0.54%	6.15%
EBITDA ¹	4,039	4,162	2,545	2,607	2,965	3,483	3,747	4,067
Change	-	3.05%	-38.85%	2.44%	13.73%	17.47%	7.58%	8.54%
EBIT ¹	2,840	2,803	1,424	1,374	1,630	2,154	2,348	2,537
Change	-	-1.3%	-49.2%	-3.51%	18.63%	32.13%	9.01%	8.07%
Interest Paid ¹	-994	-1,001	-918	-513	-666	-672.8	-719.7	-775.2
Earnings before Tax (EBT) ¹	2,155	1,971	521	915	924	1,341	1,586	1,720
Change	-	-8.54%	-73.57%	75.62%	0.98%	45.16%	18.21%	8.47%
Net income ¹	1,746	1,469	-1,480	756	740	1,107	1,341	1,436
Change	-	-15.86%	-	-	-2.12%	49.57%	21.16%	7.11%
Announcement Date	2/14/20	2/18/21	2/18/22	2/17/23	2/16/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	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	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3
Net sales ¹	1,954	2,054	1,739	1,885	1,929	1,498	1,288	1,512	1,485	1,782	1,696	2,134	2,290	2,415	1,823	2,043	2,031	2,304	1,881	2,066	2,749	1,444	1,021	1,206
Change	-	5.12%	-15.34%	8.4%	2.33%	-22.34%	-14.02%	17.39%	-1.79%	20%	-4.83%	25.83%	7.31%	5.46%	-24.51%	12.07%	-0.59%	13.44%	-18.36%	9.84%	33.08%	-47.47%	-29.29%	18.11%
EBITDA ¹	1,002	1,146	931	1,010	1,057	-	568	695	-	732	540	668	667	828	640	773	724	885	732	764	732.6	891.9	739.9	876.9
Change	-	14.37%	-18.76%	8.49%	4.65%	-100%	-	22.36%	-100%	-	-26.23%	23.7%	-0.15%	24.14%	-22.71%	20.78%	-6.34%	22.24%	-17.29%	4.37%	-4.11%	21.74%	-17.04%	18.52%
EBIT ¹	693	817	595	687	704	415	270	431	308	454	243	341	336	498	305	437	390	545	390	428	489.8	596.2	481.5	541.6
Change	-	17.89%	-27.17%	15.46%	2.47%	-41.05%	-34.94%	59.63%	-28.54%	47.4%	-46.48%	40.33%	-1.47%	48.21%	-38.76%	43.28%	-10.76%	39.74%	-28.44%	9.74%	14.45%	21.71%	-19.24%	12.49%
Charge d'intérêts ¹	-	-248	-	-	-	-	-	-	-	-107	-	-	-152	-164	-	-	-172	-179	-	-188	-188	-	-	-
Earnings before Tax (EBT) ¹	-	-	-	-	-	-	-	-	-	-	-	-	202	364	-	-	127	388	240	272	351	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	80.2%	-100%	-	-	205.51%	-38.14%	13.33%	29.04%	-100%	-	-
Net income ¹	364	554	344	281	290	-1,840	19	-	134	273	119	174	190	285	-	-	113	307	190	214	254.1	-	-	-
Change	-	52.2%	-37.91%	-18.31%	3.2%	-	-	-100%	-	103.73%	-56.41%	46.22%	9.2%	50%	-100%	-	-	171.68%	-38.11%	12.63%	18.73%	-100%	-	-
Announcement Date	2/14/20	5/8/20	8/10/20	11/5/20	2/18/21	5/6/21	8/5/21	11/4/21	2/18/22	5/5/22	8/3/22	11/4/22	2/17/23	5/4/23	8/4/23	11/2/23	2/16/24	5/1/24	8/2/24	11/1/24	-	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	22,229	24,081	7,638	13,872	15,273	15,793	17,593	19,062
Change	-	8.33%	-68.28%	81.62%	10.1%	3.4%	11.4%	8.35%
Announcement Date	2/14/20	2/18/21	2/18/22	2/17/23	2/16/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	3,083	3,249	1,973	2,155	2,390	3,058	3,821	3,783
Change	-	5.38%	-39.27%	9.22%	10.9%	27.97%	24.94%	-1.01%
Free Cash Flow (FCF) ¹	-656	-503	297	-425	-632	-941	-1,193	-486.6
Change	-	-23.32%	-159.05%	-243.1%	48.71%	48.89%	26.78%	-59.22%
Announcement Date	2/14/20	2/18/21	2/18/22	2/17/23	2/16/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	51.99%	54.71%	44.01%	32.99%	35.67%	41.5%	44.89%	45.89%
EBIT Margin (%)	36.56%	36.85%	24.62%	17.39%	19.61%	25.66%	28.13%	28.63%
EBT Margin (%)	27.74%	25.91%	9.01%	11.58%	11.12%	15.98%	18.99%	19.41%
Net margin (%)	22.47%	19.31%	-25.59%	9.57%	8.9%	13.19%	16.06%	16.21%
FCF margin (%)	-8.44%	-6.61%	5.14%	-5.38%	-7.6%	-11.21%	-14.29%	-5.49%
FCF / Net Income (%)	-37.57%	-34.24%	-20.07%	-56.22%	-85.41%	-85.02%	-88.96%	-33.88%
Profitability
ROA	4.05%	3.13%	1.98%	2.93%	3.07%	6.1%	6.3%	6.45%
ROE	14.3%	11.1%	5.95%	7.53%	8.5%	8.9%	9.21%	9.46%
Financial Health
Leverage (Debt/EBITDA)	5.5x	5.79x	3x	5.32x	5.15x	4.53x	4.7x	4.69x
Debt / Free cash flow	-33.89x	-47.87x	25.72x	-32.64x	-24.17x	-16.78x	-14.75x	-39.18x
Capital Intensity
CAPEX / Current Assets (%)	39.68%	42.71%	34.12%	27.27%	28.75%	36.44%	45.78%	42.69%
CAPEX / EBITDA (%)	76.33%	78.06%	77.52%	82.66%	80.61%	87.82%	101.98%	93.01%
CAPEX / FCF (%)	-469.97%	-645.92%	664.31%	-507.06%	-378.16%	-325.03%	-320.3%	-777.39%
Items per share
Cash flow per share ¹	3.294	3.569	2.968	2.348	-	4.025	4.145	-
Change	-	8.35%	-16.84%	-20.9%	-	-	2.98%	-
Dividend per Share ¹	1.65	1.66	1.66	0.875	0.96	1.028	1.095	1.174
Change	-	0.61%	0%	-47.29%	9.71%	7.03%	6.54%	7.26%
Book Value Per Share ¹	16.93	17.39	18.67	18.07	18.9	19.28	20.08	21.05
Change	-	2.72%	7.35%	-3.18%	4.58%	1.97%	4.19%	4.83%
EPS ¹	2.37	1.91	-1.93	1.02	1	1.405	1.826	1.957
Change	-	-19.41%	-201.05%	-152.85%	-1.96%	40.49%	29.95%	7.2%
Nbr of stocks (in thousands)	723,033	768,827	750,716	736,318	737,124	737,970	737,970	737,970
Announcement Date	2/14/20	2/18/21	2/18/22	2/17/23	2/16/24	-	-	-