UNIPER SE Empower Energy Evolution
9M 2021 Interim Results
Tiina Tuomela - CFO
05 November 2021
Highlights - Interim results above plan and raising the outlook for the full year
Performance
- Adj. EBIT 9M 2021 €614m (€405m in 9M 2020)
- Adj. Net Income 9M 2021 €487m (€308m in 9M 2020)
- Solid financial performance in Q3, with gas business contributing above plan
- Full-year2021 outlook markedly revised upwards
- New 2021 Adj. EBIT guidance range raised by €250m to between €1,050m and €1,300m
Portfolio & Strategy
- Reliable portfolio: Uniper contributes to security of supply in volatile European energy markets
- Carbon zero related projects pushed ahead: the chapter of European lignite is closed; engineering entity repositioning for growth priorities of decarbonization
- Growth strategy on track: Uniper with several key initiatives in the hydrogen space
-
'One Team' initiatives for Renewables Development,
Hydrogen and Nordic Hydro and Physical Trading
Optimization take shape; nuclear decommissioning and dismantling services cooperation launched
Uniper SE, Presentation 9M 2021, 05 Nov 2021 | 2 |
Gas markets - Europe under stress with lower supply and higher demand
Northwest EU gas supply1
bcm
200
150
100
50
0
-50
Gas prices Germany2 | Gas storage filling3 | ||
€/MWh | % | ||
120 | 100 | 97% | 98% |
100 | 80 | 75% | |
68%
80
60
60
40
40 | |
20 | 20 |
Production Imports Imports
(Pipeline) (LNG)
Q1 - Q3 | Q1 - Q3 | 2019 |
2019 | 2021 | vs 2021 |
0 | 0 | |||
Nov 20 | Apr 21 | Sep 21 | ||
TTF 2022 | TTF Spot |
Europe | Germany |
9M 2019 | 9M 2021 |
- Northwest EU includes GER, Benelux, FR, AT, SK, CZ, GB, IT; gross imports from Norway, Libya, Algeria, TAP, Russia and LNG; based on Uniper Market Analytics data.
- Gas forwards Germany 2022 and spot prices, based on Bloomberg data, prices shown until 31 October 2021.
3. Physical filling levels as of 30 September 2021 and 2019, based on AGSI+ data. | Uniper SE, Presentation 9M 2021, 05 Nov 2021 | 3 |
Operating indicators - Healthy gas inventories and higher generation volumes
Global Commodities
Gas storage filling1
TWh
100
80
60
40 99% 95%
20
0
9M 2020 | 9M 2021 |
European Generation
Production volume2
TWh
50+16%
4013.3
10.0 Coal
30
10.6 Gas 14.3
20
8.7 Nuclear 9.2
10
10.3 Hydro 9.2
0
9M 2020 | 9M 2021 |
Russian Power Gen.
Production volume2
TWh
50+6%
40
30
20
29.4 31.3
10
0
9M 2020 | 9M 2021 |
Carbon emissions
Scope-13
m tons
50+21%
40435
gCO2/
444 kWh4
30 gCO2/ kWh4
20
30.1 36.3
10
0
9M 2020 | 9M 2021 |
- Physical filling levels as of 30 September 2021 and 2020.
- Pro-rataview; 9M 2021 coal volumes incl. 0.8 TWh co-feed biomass.
- Direct carbon emissions fuel combustion.
- Carbon intensity in gCO2/kWh.
Uniper SE, Presentation 9M 2021, 05 Nov 2021 | 4 |
Key financials 9M 2021 - Reflecting exceptional commodity market development
Adjusted EBIT | Adjusted EBITDA | Operating Cash Flow (OCF) | |||||
€m | €m | 1,100 | €m | 2,244 | |||
614 | 891 | ||||||
405 | |||||||
833 | |||||||
9M 2020 | 9M 2021 | 9M 2020 | 9M 2021 | 9M 2020 | 9M 2021 | ||
Adjusted Net Income (ANI) | Net Income1 | ||||
€m | €m | 387 | |||
308 | 487 | ||||
-4,829 | |||||
9M 2020 | 9M 2021 | 9M 2020 | 9M 2021 | ||
- Net income attributable to Uniper shareholders.
- Updated definition includes additional securities within "Margining Receivables" beginning on 30 June 2021. Prior year's value has been adjusted accordingly.
Economic Net Debt (END)2
€m
3,050
END / 1,390
1.8x Adj. EBITDA
YE 2020 | 9M 2021 |
Uniper SE, Presentation 9M 2021, 05 Nov 2021 | 5 |
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Uniper SE published this content on 05 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2021 06:42:07 UTC.
