Presentation

H1 2021 Results

30.09.2021

H1 2021 update

Overview

    • Group revenues in 1H21 increased by 19.6% y-o-y to 139.6m. Revenues of RES Energy sales were up by 6.6% in 1H21, driven by gradual commissioning of new capacity in Greece (Taratsa project)
  • • EBITDA at EUR 68.3m up by 0.8% y-o-y and net income at EUR 29.1m up by 2.5% y-o-y(ex-discontinued operations)
    • Group net debt at EUR 436m, with leverage at 3.2x(1)
  • • 400WM under construction/ready to build in Greece
  • • Fully divestment from US (now treated as discontinued operations)
  • • Long term target of 3,000MW of installed capacity over the next 5 years

1. Based on annualised EBITDA

2

Key Performance Indicators

Revenue

EBITDA

EBITDA Margin

(vs H1 2020)

(vs H1 2020)

(vs H1 2020)

€139.6m

€68.3m

48.9%

+19.6%

+0.7%

(15.8%)

Net Profit1

Net Debt

Net Oper. Cashflow1

(vs Η1 2020)

(vs FY 2020)

(vs H1 2020)

€29.1m

€436.5m

€92.9m

+2.5%

(€176.5m)

4.6%

Installed Capacity2

Under Construction

Load Factor H1 2021

/ready to be built

(vs. H1 2020)

895 MW

c400 MW

27.5%

(4.5%)

1.

Excluding discontinued operations and minorities

3

2.

Includes wind, hydro, solar and biomass capacity. US operations have been removed

Installed Capacity

Decrease in capacity is attributable to the discontinued US operations

640664

Installed Capacity (MW)

1,390 1,373

986 1,032

895*

738

2014

2015

2016

2017

2018

2019

2020

H1 2021

* Post discontinued operations in US

4

EBITDA & CapEx

EBITDA (€m)

68

68

H1 2020

H1 2021

CAPEX Evolution (Debt & Equity) (€m)

89

69

H1 2020

H1 2021

5

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Disclaimer

Terna Energy SA published this content on 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2021 18:51:03 UTC.