VERBUND : Investoren-Präsentation pdf 1,2 MB

November 05, 2020 at 04:57 am EST

VERBUND

Results for quarters 1-3/2020

Vienna, 5/11/2020

At a glance

Influencing factors

Higher average achieved contract prices for own generation from hydro production due to higher futures prices - but lower spot market prices because of lower electricity demand from COVID 19
Hydro coefficient 2 percentage points below the long term average and 4 percentage points below Q1-3/2019 but higher production from storage power plants
Slightly lower contribution from the high voltage grid
Lower contribution from flexibility products (especially congestion management)
Positive contribution from financial result because of further debt reduction and lower interest rates

Development of results, cash flows and debt

EBITDA €989.5m (+4.6%), adjusted EBITDA €989.5 (+4.6%)
Group result €477.7m (+6.0%), adjusted Group result €468.3 (+3.3%)
EBITDA Margin 39,2 % (Q1-3/2019: 33,5 %)
Operating cash flow €852.3m (-4.6%); Free cash flow after dividends €135.8m (-70.0%)
Net Debt €2,016.5m (-10.6%)

Outlook range 2020 improved

EBITDA between approx. €1,240m and €1,300m, Group result between approx. €570m and €610m
Pay-outratio between 40% and 50% on adjusted Group result between approx. €560m and €600m

Page 3

Stable own generation

Hydro coefficient (run-of-river)					Hedging volumes 20201/ TWh				FY2019: €39.0/MWh
1.21
1.09	1.05		1.05			49.6	49.5				MtM (27/10/20):
				46.2
	0.86	0.85		long-term			45.4	44.9	44.7 €
					average


								5.6	3.0	0.9
					Q1-3/2019 (1.02)	11.0	8.8


					Q1-3/2020 (0.98)

Electricity supply 50,603 GWh (+147 GWh, +0.3%)

Hydropower: 24,268 GWh (+3 GWh, +0.0%)
- Storage power: 4,073 GWh (+589 GWh)
Thermal Power: 808 GWh (-261 GWh, -24.4%)
- CCGT Mellach: 472 GWh (-274 GWh)
Wind: 680 GWh (+17 GWh, +2.6%)
Purchase from third parties: 24,847 (+386 GWh)

		20.2	22.1	24.3
	16.7

14.3

30/9/19 31/12/19 31/3/20 30/6/20 30/9/20

Achieved contract price

Open volumes

Hedged volumes

Hydro production excluding volumes for holders of interests (at cost) and volumes resulting from pumping.

Page 4

Flexibility products slightly decreased

Increasing system volatility in the European grid system due

to rapid development of new renewables

Demand for flexibility products depending on the following influencing factors:

• Temperatures/weather in winter/summer

- Revision of nuclear power plants
- Hydro production
- Installation of phase shifters
- Congestion management within Austria (in addition to DE/AT)
Flexibility products include control energy, congestion management, grid system services, intraday trading, capacity/cold reserve and pumping/reverse operations

Flexibility products/ €m	approx.

	-3%	110
90
87
Q1-3/2019	Q1-3/2020	2020E
Actuals	Actuals	(Guidance
© VERBUND AG, www.verbund.com	Flex. products)	Page 5

Slightly lower result contribution from high voltage grid

Grid EBITDA/ €m

RAB 2019: €1,458m

RAB 2020: €1,692m

Local GAAP: stable earnings and cash flows

		approx.
		240
170	168	180

	141
110
			Local GAAP

			IFRS


Q1-3/2019	Q1-3/2020	2020E
		(Guidance Grid)

Grid FY 2019/ km

Differences between revenues and planned revenues compensated by a regulatory account

IFRS: volatile earnings

Revenue surpluses or shortfalls are not utilised/compensated via the regulatory account

Volatility in IFRS from: control energy, auctioning off of cross- border grid capacities, congestion management services

Voltage Level	Route length	System length

380-kV	1,156	2,583

220-kV	1,613	3,206

110-kV	656	1,170

110-kV (cable)	3	6

Total	3,428	6,965

Grid EBITDA in Q1-3/2020 (IFRS) almost unchanged

Strong increase in grid guidance from €200m to €240m (IFRS)

Lower expenses for congestion management due to better weather situation

WACC for regulatory period (2018-2022)

Approximately 5% (4.88% pre tax for existing assets, 5.20% pre tax incl. investment-markup for new assets)

Page 6

Non-recurring effects

€m	Detail	Q1-3/2020



EBITDA		0
Impairments	CCGT Mellach, HPP Graz & Gries, others	-15

Operating result	Total	-15
Other financial result	Measurement of an obligation to return an interest (DKJ)	26
Imapirments	HPP Ashta	-1
Financial result		25
Taxes	Effects due to the non-recurring effects above	-3
Minorities		1

Group result	Total	9

Q1-3/2019

-1

-2

Page 7

Key financial figures (1)

EBITDA/ €m			Group result/ €m
	+5%				+6%
946	946	990	990	451	453	478	468

				Reported	Reported
				Adjusted	Adjusted


	Q1-3/2019	Q1-3/2020	Q1-3/2019	Q1-3/2020
Margins/ %				Additions/ €m
			to tangible assets

33.5	39.2
	EBITDA margin

		EBIT margin
23.9	27.5


Q1-3/2019	Q1-3/2020

	+57%	362

231
Q1-3/2019		Q1-3/2020

Page 8

Key financial figures (2)

Operating cash flow/ €m

	-5%
894	852
Q1-3/2019	Q1-3/2020
Net debt/ €m

	-11%
2,256	2,017

31.12.2019	30.9.2020

Free cash flow after dividends/ €m

452	-70%
	136
Q1-3/2019	Q1-3/2020
Gearing/ %

34.4	29.7

31.12.2019

30.9.2020

Page 9

Financial liabilities

Debt maturity profile/ €m

525

							162
11	30	25	25		20	12	10

2020	2021	2022	2023	2024	2025	2026	2027 >2027

Financial liabilities/ €mn

1,242	-18%

	1,016
Q1-3/2019	Q1-3/2020

Financial liabilities	Interest mix	Rating
•	Book value Financial liabilities: €1,016m	•	79% fixed interest rate
		•	21% floating interest	A/stable outlook
Financial ratios		rate

•	Duration: 4.1 years	Currency
•	Effective interest rate: 2.30% p.a.	A3/stable outlook
		• 100% EUR

Uncommitted lines of credit: approx. €610m*
Syndicated loan: €500m

Page 10

CAPEX plan 2020-2022(total of €2,077m)

Growth CAPEX/ €m (total of €1,287m)

					517
					73		427
343		184			51
86	10		119

239	243		237


8			18	20

2020		2021		2022
Maintenance CAPEX/ €m (total of €790m)
271						282
	238

133						159
					153
	0
								0
104
		0		62	92

33			23	31

2020		2021		2022

Hydro segment

New renewables segment

Grid segment Others

Hydro segment

New renewables segment

Grid segment Others

Page 11

Outlook

Sensitivities 2020

A change of 1% (generation from hydropower/windpower) or €1/MWh (wholesale price) either way would be reflected as follows in the group result for 2020, other things being equal:

Greater or less generation from hydropower: +/- €1.5m
Greater or less generation from windpower: +/- €0.2m
Wholesale prices (renewable generation): +/- €0.7m

Earnings outlook 2020 improved

EBITDA between approx. €1,240m and approx. €1,300m and Group result between approx. €570m and approx. €610m based on an average generation from hydropower and windpower in Q4/2020 as well as the opportunities and risk situation of the Group.

For financial year 2020, VERBUND plans to pay out between 40 and 50% of the Group result after adjustment for non-recurring effects amounting to between €560m and €600m.

Hedging volumes 20211/ TWh

			48.6	49.0			MtM (27/10/20):
44.3	46.2	44.8	44.3	43.0 €

23.2	22.3	21.3	16.8	14.4	11.9

								8.5	10.9	13.4
				3.0		3.9
	2.0


30/6/19	30/9/19 31/12/19 31/3/20	30/6/20	30/9/20

Hedging volumes 20221 / TWh

43.2 42.7 44.4

MtM (27/10/20): 44.1 €

24.0 23.5 22.5

1.3 1.9 2.8

31/3/20 30/6/20 30/9/20

Achieved contract price

Open volumes

Hedged volumes

1 Hydro production excluding volumes for holders of interests (at cost) and volumes resulting from pumping.

Page 12

Equity story - Gas Connect Austria

Positive effect on all relevant Group KPIs

1	Encouraging trend in KPIs EPS and cash flow are increasing

Greater dividend potential

Improvement in the business profile

Optimum positioning of sector coupling

Optionality for the hydrogen economy

Significant improvement in the share of regulated business in Group EBITDA
In a stronger position to cushion volatility in electricity prices
- Expansion of value chain in the gas sector
- Optimum positioning for the energy system integration being pushed by the European Commission
Opening up of investment opportunities arising in the hydrogen economy
Concentration on infrastructure components enables the element of risk in future investment decisions to be minimised

5	Operator of critical		After APG, GCA is Austria's most important infrastructure company in the energy industry
infrastructure		GCA plays a crucial role in supplying gas to Austria and other European countries

Page 13

Gas Connect Austria - Overview

GCA holds 100% of the internally managed assets and 15.5%(1) of the TAG pipeline

Ownership structure

49%

51%

15.5%(1)

Trans Austria

Gasleitung GmbH

Gas pipeline operated: TAG
Owner: SNAM (84.5%)

	KPIs
(€m)	2019
Revenue	211.7
EBITDA	127.6
% margin	60%
TSO RAB	c.700
DSO RAB	c.150
Employees (#)	c.280

Gas transmission system

WAG

Oberkappel

MAB

Linz

Vienna

Baumgarten

Burghausen

KIP

PDS

HAG

Salzburg

TAG I + II

Innsbruck

TAG II

SOL

TAG I

Spielfeld

Arnoldstein

Bi-

Gas pipeline

(mm)

directional Operator

Trans-Austria (TAG)

16%

1,140

900-1,200



TAG

West-Austria (WAG)

100%

385

800, 1,200



GCA

Süd-Ost (SOL)

100%

500

GCA

Hungaria-Austria (HAG)

100%

700

GCA

Penta-West (PW)

100%

700



GCA

Kittsee-Petrzalka pipeline (KIP)

100%

500

GCA

March-Baumgarten pipeline (MAB)

100%

500

GCA

Primary distribution system (PDS)

100%

330

100-1,200

GCA

GCA's main gas pipelines

Trans-Austria pipeline (TAG)

Bidirectional pipeline
Annual capacity: 44.3 bcm m3
Supplies Austria as well as Croatia, Italy and Slovenia
Start of operation: 1974

West-Austria pipeline (WAG)

Bidirectional pipeline
Annual capacity: 13.1 bcm m3
Supplies Austria and connected to Germany, France and Central Europe
Start of operation: 1980

Süd-Ost pipeline (SOL)

Sections of the TAG near Weitendorf and continuation to Slovenia and Croatia
Annual capacity: 3.6 bcm m3
Supplies Slovenia and Croatia
Start of operation: 1978

Penta-West pipeline (PW)

Bidirectional pipeline
Annual capacity: 3.7 bcm m3 (DE - AT) and 5.7 bcm m3 (AT - DE)
Supplies Germany and France (east-west) and Central Europe (west-east)
Start of operation: 1999

Hungaria-Austria pipeline (HAG)

•	Gas transmission from Austria to Hungary
•	Annual capacity: 4.9 bcm m3

Source: Company information 1) Economic interest of 10.78%.

• Start of operation: 1996

Page 14

Appendix

Sustainability@VERBUND

Sustainability is the core element of VERBUND's vision

Our focus is on customised, sustainable electricity products and energy-related services that enable our

environmentally aware customers to make efficient use of energy. We are also working to shape the future of energy

by offering innovative solutions - from electromobility to developing new technologies for flexible storage.

Since January 2019 VERBUND supports the UN Global Compact - the world's largest corporate sustainability

initiative of the United Nations. VERBUND is committed to support the 17 Sustainable Development Goals (SDGs)

and the ten universal principles deriving from Labour/Human Rights/Environment/Anti-Corruption.

On the way to decarbonization/

g CO2e/kWh

	2015	2016	2017	2018	2019
	Specific THG emissions Scope 1 referred to the total
	electricity generation incl. warrants without consideration
	of generated district heat; provisional data before
© VERBUND AG, www.verbund.com	verification.				Page 16

Sustainability rating & rankings

20.2/100 points

Gold Status

Top 10% out of 50,000 rated companies

ISS-oekom "B" rating

rating, leader category among 144 utility companies

all data as at 31/12/2019

being part of

Page 17

VERBUND - market leader in green finance

2014	2015	2018	2018
Sustainable investment of
First Green Bond in	First digital, green	First 100% ESG-linked
funds for social capital
German speaking area	"Schuldschein"	syndicated loan

€500m
10 years
1.5 % p.a.
Use of proceeds:
- Wind parks in Germany
- Wind park in Lower Austria
- Reisseck II
- Efficiency improvement R-o-R power plant Ybbs

Investments of funds for social	•	€100m	•	€500m
capital according to	•	10 years	•	5 years
sustainable criteria:	•	1.566 % p.a.	•	Company-related premium
•	Application of UN	• Platform of VC Trade		on the base rate over the
	Principles of Responsible	•	Use of proceeds:		entire term is purely
	Investments		Revitalisation of 220-kV-high		determined according to the
•	Investments into securities		voltage power line in Upper		sustainability rating
	rated as sustainable		Austria (110 km long)
	investments according to
	social, ecological and
	ethical criteria

Definition of exclusion criteria (nuclear power, energy, arms, child labor etc.)

Page 18

Overview of Austria's gas transmission network

Due to its geographic location, Austria's gas network serves as a hub and a transit route for the transmission of natural gas imported from countries in Western and Southern Europe

	Oberkappel	GWh/d
GCA	GRT-		373.1
	D/OGE
GCA	GRT-		200.6					WAG
				OberkappelRainbach		MAB/WAG
	D/OGE
					Vienna	Baumgarten
						PW			KIP
							Lower Austria
Überackern(2)	GWh/d					HAG
							Upper Austria	Burgenlan
GCA	Bayernets	154.4						d
GCA	Bayernets	114.0	Vorarlberg	Market AreasTyrol	Salzburg	Market Area East
					Styria
Arnoldstein		GWh/d	Vorarlberg and Tyrol	East

						Tyrol	Carinthia
TAG	Snam		1,040.9						SOL
							TAG
TAG	Snam		0

GCA (TSO)	GCA (DSO)	TAG (TSO)	Exit capacity				Murfeld	GWh/
				d

Entry/exit point	Compressor station	Entry capacity			GCA	Plinovodi	80.2

Baumgarten	GWh/d

GCA		Eustream	206.3

GCA	Eustream	425.5
TAG	Eustream	1,011.9

Petržalka GWh/d

GCA			Eustream	0



	Moson-Mag.	GWh/d

GCA			FGSZ	149.9

Highlights

• Two main actors in the gas transmission

market:

• The main TSO, GCA, which connects

Austria with Slovakia (through

Baumgarten, KIP and MAB), Germany

(through WAG and PW), Slovenia

(through SOL) and Hungary (through

HAG)

• TAG, which connects Austria with Italy

through the TAG pipeline

• The Baumgarten interconnection point

with Slovakia is Austria's main entry point

for natural gas and also a hub between

the two main long-distance pipelines,

WAG and TAG, as well as HAG and MAB

• Main transit routes through Austria:

• Baumgarten -

Oberkappel/Ueberackern,

Gas flows through the Austrian transmission network	Gas demand in Austria
Entry volume (bcm)	Exit volume (bcm)	Volume (bcm)

47	43	46	43	46	38					36		35		35
8	6	4	4	4	2	34
					2
							3	2	4	2	4	3		1	4	1
								2
39	38	42	40	42					3	1					3		2
28		27		28		28		28		8	9	10	9	10


2015 2016 2017 2018 2019	2015 2016 2017 2018 2019		2015 2016 2017 2018 2019
		NW European gas	Total				Italy			Germany				Hungary				Demand

Sources: ENTSOG, company information, Aurora Energy Research Gas Model, Eurostat.

Note: Booked (company-specific) entry/exit capacity in GWh/d in March 2020; Überackern ABG/Überackern SUDAL entry/exit point is reflected as mutually exclusive set-up points with competing physical capacity.

transmission of Russian gas to

Germany and more recently also gas

from Northwest Europe to Ukraine via

Slovakia using bidirectional pipelines

• Baumgarten - Arnoldstein,

transmission of Russian gas to Italy

• The GCA infrastructure acts as a hub in

the Austrian gas infrastructure by

providing flexibility and maximising

opportunities to respond to the range of

flow scenarios required by the market

dynamics

Page 19

VERBUND & GCA: sector coupling

The transaction will allow the sector coupling being pushed by the EU to be accelerated in Austria

Overview		Existing projects and partners

The transaction will facilitate closer cooperation between the sectors of electricity generation (VERBUND), electricity transmission (APG) and gas transmission/distribution/storage (GCA)
The potential value chain could allow volatile electricity generated by VERBUND to be converted into H2 or "green methane" through power to gas (P2G) and subsequently stored and delivered to the industry (e.g. steal industry, refineries) and the mobility sector (e.g. heavy transporters, trains/buses) using the GCA network
Likewise, gas could be used for electricity generation ("re-electrification") and its subsequent transmission to the APG grid.

As part of the H2FUTURE project, VERBUND and APG have already delivered a concrete example for sector coupling through the electrolysis operation supporting the grid.
The project involves construction of the first Siemens electrolyser of its kind to produce H2 for voestalpine's steel plants and provide balancing services for the grid
Under the umbrella of the "UpHy" joint project by VERBUND and OMV, GCA's majority shareholder, research is being conducted into H2 production for use in the mobility sector and refineries

Illustrative energy system with a high degree of sector coupling

Electricity grid

							Electricity to gas


								Electrolysis
Wind power	Hydro	Solar PV	Non-RESCO2	Methanation	Pure hydrogen	Mixture
						Biogas
				H	H

				Carbon
Natural gas	LNG CCS	H	H
SMR/PYR

Gas network

Gas network	Electricity grid
Sources: ENTSOG, company information

Gas to electricity

Gas turbines

Fuel cells

CHP

Hydrogen

	Electric vehicles	Processes Low temperature	Heat pumps
Transport	Industry	Heating
CNG/LNG	H2 mobility	Processes and chemical raw materials	High temperature	Pumps, fuel cells	Boilers, hybrid heating

Renewable energy (RES)

Page 20

Gas Connect Austria - operator of critical infrastructure

GCA operates highly flexible natural gas transmission and distribution infrastructures that are vital for the Austrian and European gas supply network

Overview

Largest natural gas transmission company in Austria operating an approximately 900 km-longhigh-pressure pipeline grid with sold entry and exit capacity of approx. 143 bcm per year
The cross-border interconnection hub in Baumgarten is Austria's biggest entry point, also serving as one of Europe's most important hubs for receiving gas being imported from Russia
GCA's large share of physical interconnection points allows for flexible gas flows, including reverse flows, to accommodate changes in demand or changes in European gas flow patterns

Critical infrastructure at the centre of European gas flows

							WAG
						Oberkappel	Kirchberg
								PDS
						Rainbanch Lower Austria	MAB/WAG
				PW
				Upper Austria	Heimisch	Vienna	Baumgarten


						Fields			KIP
						EggendorfBurgenland

Vorarlberg						Grafendorf		HAG
Tyrol		Salzburg		TAG
			Market Area East
	Market Areas
	Vorarlberg				Styria
	and Tyrol		East Tyrol Carinthia		Weitendorf

						Ruden	SOL
						TAG
GCA TSO	GCA DSO(4)		TAG TSO	Entry/exit points	GCA compressor station

TAG compressor station				GCA physical nomination point		GCA virtual(4) entry/
TAG physical nomination point			TAG virtual(4) exit nomination point	physical exit nomination point

Baumgarten	100bcm of cumulative
put into operation	Russian gas deliveries
by OMV	reach Baumgarten

	Austria's high-pressure transmission network consists of
		14 bookable entry and 15 bookable exit points
Evolution
	GCA becomes an active	Decoupling of
GCA is established as a	TAG and	Rapid reconstruction after
founding member
standalone entity of OMV		integration	incident in Baumgarten
of ENTSOG
		of BOG into GCA

1959	1968	1998	2001	2009	2012	2013	2014	2015	2016	2018
		GCA to be certified by	GCA sells 45% of its		GCA becomes an active	OMV acquires remainder
Austria receives the first	E-Control	interest in AGGM to Netz	founding member of
of shares in BOG from	E-Control reaffirms GCA as	OMV sells 49% of its stake
delivery of gas from	in 2015 as ITO	NÖ,		PRISMA (European online
	GRTgaz (34%) and	market area manager	in GCA to Allianz and Snam
Russia		and market area	Netz OÖ and Energienetze	auction platform for gas
		E.ON (15%)
		manager	Steiermark(2)		shipments)

Sources: Company information.

Participation in TAG through a 15.53% equity interest - in addition to the statutory dividends (which represent economic rights of 10.78%), GCA benefits from a participation right.
In 2013, GCA sold a further 4% in AGGM to TIGAS and Vorarlberger Energienetze.
A total of 322 km of the primary distribution system are classified as distribution pipelines as per the Austrian Gas Act (GWG); 7 km of the primary distribution systems are classified as transmission pipelines, ranging from Marchdüker on the border with Slovakia to Baumgarten.
No physical gas flow to/from Austria. Virtual entry/exit possible up to the number of physical entry/exit nominations.
Information exclusively for GCA Group, excluding TAG (presented using the equity method of accounting)

Page 21

Hydrogen imports are indispensable for decarbonisation of Austria by 2040

Reasons why Austria should import

"An international hydrogen market allows hydrogen and synthetic fuels to be imported on a large scale. The objective should be to ensure that these energy sources are produced abroad from renewable energy sources."

2050 LTS, Federal Ministry of Sustainability and Tourism

Virtually impossible to produce all required hydrogen locally in Austria (resource requirements)
Establishment of adequate power infrastructure expensive and hampered by bureaucratic obstacles
Early import ambitions may accelerate rapid

connection to international H2 infrastructure

• A worldwide import/export market for green H2 is

generally regarded as a natural final stage

Hydrogen production costs outside the EU are

Outside-in assessment

725 kt	740 kt
Potential
import gap1
15 kt

Green H2	Delta	Total green H2
production in		required in
Austria in		Austria in 2040
20202

Costs per
MW/h H2	€ 44	€ 62
Difference in
cost
€ 18

Cost of	Delta Cost of producing
producing	H2 in Austria
H2 in
Morocco

•
	substantially lower than in Austria
•	Import & distribution only possible with pipelines, no
	guarantee of "timely" connection to the international

grid

Higher risk of dependence on third countries could cause political problems

1. Outside-in assessment 2. Based on the IEA hydrogen project database: Total no. of active projects with 100% annual capacity utilisation, 2020. Sources: Austria's 2050 long-term strategy; discussions with experts; public reports; BCG analysis.

Page 22

Income statement

€m	Q1-3/2019		Q1-3/2020
			Total		Total

Revenue		2,826.8		2,522.7
Electricity revenue	2,316.6	2,064.3
Grid revenue	412.7	357.7
Other revenue	97.5	100.7
Other operating income	46.8	54.4
Expenses for electricity purchases & use of fuels	-1,531.9	1,159.0
Other operating & personnel expenses			-395.6		-428.6
EBITDA			946.1		989.5
Depreciation & amortisation			-269.5		-282.0
Effects from impairment tests			-0.7		-14.6
EBIT			675.9	692.9
Result from equity interests & oth. interests	38.8	34.6
Interest income/expense	-62.2	-38.0
Other financial result	10.4	21.1
Effects from impairment tests			0.0		-0.8
Financial result			-13.0	16.8
Taxes			-145.5		-162.1
Group result			450.9		477.7
Minorities			66.5		69.9
Earnings per share (€)			1.30		1.38

Page 23

Balance sheet (short version)

€m	31.12.2019	30.9.2020		Change

Non-current assets	11.062	11.149	1%
Current assets	777	640	-18%
Total assets	11.839	11.789	0%

Equity	6.568	6.788	3%
Non-current liabilities	4.107	3.982	-3%
Current liabilities	1.163	1.019	-12%

Total liabilities	11.839	11.789	0%

Page 24

Cash flow statement (short version)

€m	Q1-3/2019		Q1-3/2020		Change

Cash flow from operating activities	894	852	-5%
Cash flow from investing activities	-172	-423		-
Cash flow from financing activities	-743	-422		-

Change in cash and cash equivalents	-21	7		-

Cash and cash equivalents at the end of	18	52		-
the period

Page 25

Capital market calendar 2021

17/3/2021	Annual result and publication of annual report 2020

10/4/2021	Record date for Annual General Meeting

20/4/2021	Annual General Meeting

27/4/2021	Ex-dividend date

28/4/2021	Record date for dividends

10/5/2021	Dividend payment date

12/5/2021	Result and interim report quarter 1/2021

29/7/2021	Result and interim report quarters 1-2/2021

4/11/2020	Result and interim report quarters 1-3/2021

Page 26

Management

Wolfgang Anzengruber	Michael Strugl
CEO, Chairman of the Managing Board	Deputy Chairman of the Managing Board

Peter Kollmann	Achim Kaspar
CFO, Member of the Managing Board	Member of the Managing Board

Page 27

Investor relations team

Andreas Wollein
Head of Group Finance, M&A	Martin Weikl
and Investor Relations	Senior Investor Relations Manager
T +43(0)503 13-52614	T +43(0)503 13-52616
andreas.wollein@verbund.com	martin.weikl@verbund.com

Stefan Wallner

Investor Relations Manager

+43(0)503 13-52617 stefan.wallner@verbund.com

Page 28

Attachments

Original document
Permalink

Disclaimer

Verbund AG published this content on 30 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2020 09:56:04 UTC

Market Closed - Wiener Boerse Other stock markets 11:35:26 2024-05-03 am EDT			5-day change	1st Jan Change
73.8 ^EUR	-0.07%		+5.65%	-12.20%

Apr. 04	ERBUND AG acquired 10.15 MW wind farm in Burgenland, Austria.	CI
Mar. 29	VERBUND : Model update

Verbund AG

Equities

VER

AT0000746409

Electric Utilities

VERBUND : Investoren-Präsentation pdf 1,2 MB

Latest news about Verbund AG

Chart Verbund AG

Company Profile

Income Statement Evolution

Analysis / Opinion

Ratings for Verbund AG

Analysts' Consensus

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Electric Utilities

ERBUND AG acquired 10.15 MW wind farm in Burgenland, Austria.	Apr. 03	CI
VERBUND : Model update	Mar. 29
Global markets live: Robinhood, Dollar General, KKR, Boeing, Oracle...	Mar. 14
VERBUND : FY23: After an exceptional year, the clouds loom over FY24	Mar. 14
Transcript : VERBUND AG, 2023 Earnings Call, Mar 14, 2024	Mar. 14
Verbund Posts Higher FY23 Attributable Profit, Revenue	Mar. 14	MT
VERBUND AG Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 13	CI
Verbund Board to Propose Special Dividend	Feb. 14	MT
VERBUND AG Proposes Regular Dividend for Financial Year 2023	Feb. 13	CI
VERBUND AG Proposes Special Dividend for Financial Year 2023	Feb. 13	CI
VERBUND : Target cut by -10.2%	Feb. 09
Renewables, after FY23 the bottom of the wave is certainly past	Feb. 05
VERBUND : EPS cut (2023: +0.0%, 2024: -8.3%)	Jan. 16
EU Green-lights Verbund, Burgenland Energie JV	Jan. 10	MT
VERBUND : 9M23: Strong earnings, FY23 guidance raised.	Nov. 03
VERBUND : EPS upgrade (2023: +2.8%, 2024: -0.4%)	Nov. 02
Transcript : VERBUND AG, Nine Months 2023 Earnings Call, Nov 02, 2023	Nov. 02
Austria's Verbund Logs Improved Q3 Profit, Revenue	Nov. 02	MT
Wind Power Package Overview	23-10-25
Austria's Verbund Buys 56-MW German Wind Portfolio	23-10-25	MT
VERBUND AG acquired 38.4 MW Wind Portfolio in Germany's federal states of Hesse, North Rhine-Westphalia and Lower Saxony from a fund owned by investor Impax Asset Management Group Plc.	23-10-24	CI
VERBUND AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-23	CI
VERBUND : EPS cut (2023: -3.4%, 2024: +0.0%)	23-10-20
Verbund CEO says volatility is the 'new normal' on power and gas markets	23-10-12	RE
UTILITIES : Time for a come back?	23-10-11

	1st Jan change	Capi.
VERBUND AG	-12.20%	27.45B
NEXTERA ENERGY	+15.48%	141B
SOUTHERN COMPANY	+8.17%	82.38B
IBERDROLA, S.A.	-2.49%	77.91B
DUKE ENERGY CORPORATION	+3.32%	76.61B
ENEL S.P.A.	-7.13%	67.83B
CONSTELLATION ENERGY CORPORATION	+66.70%	58.67B
AMERICAN ELECTRIC POWER COMPANY, INC.	+9.09%	46.52B
DOMINION ENERGY, INC.	+9.36%	42.85B
GE VERNOVA INC.	0.00%	42.16B