ACEA GROUP 1Q2012 Results Rome, 14 May 2012

Size: px

Start display at page:

Download "ACEA GROUP 1Q2012 Results Rome, 14 May 2012"

Darrell Knight
5 years ago
Views:

1 ACEA GROUP Results Rome, 14 May

2 Acea Group: financial highlights (b/a) Consolidated revenues Operating costs Personnel costs External costs Net profit/(loss) on management of commodity risk (1.7) (3.2) EBITDA Amortisation, depreciation and provisions EBIT Total financial income/(expense) (23.2) (28.9) Profit/Loss from equity investments Profit/(loss) before tax Taxes Net profit/(loss) from continuing operations Net profit/(loss) from discontinued operations* n.s. Net profit/(loss) Minority interest Group net profit/(loss) Capex ** March Dec March 2012 (b-a) Net Debt 2, , , Shareholders equity 1, , , Invested Capital 3, , , * Gain realised following the unwinding of the Joint Venture with GdF Suez Energia Italia ** Figure includes the cost of purchasing the headquarters premises (120 m) 2

3 Acea Group: Revenues and EBITDA TOTAL REVENUES Total number of employees (average number) Acea Spa Environment Energy Water 3,231 3,201 Network 1,544 1,451 Total 5,976 6,027 Figures do not include : - 1Q11 Overseas water operations: 1,373-1Q12 Overseas water operations: 1,335 EBITDA +17 m (5) Distribution +7 m San Vittore plant: entry into service of the second and third lines (April and July 2011) +9 m 1Q11 Corporate Environnement Energy Water Networks 1Q12 3

Acea Group: EBITDA and Key quantitative data ENVIRONMENT S. Vittore plant (+9 m): - second line start up on April 14 - third line start up on July 6 Key quantitative data EBITDA (b/a) 0.8 10.

4 Acea Group: EBITDA and Key quantitative data ENVIRONMENT S. Vittore plant (+9 m): - second line start up on April 14 - third line start up on July 6 Key quantitative data EBITDA (b/a) n/s Treatment and disposal (/000s of tonnes) WTE electricity sold (GWh) ENERGY Unwinding of the JV (closing 31 March 2011): -0.4 m Less electricity produced and sold Key quantitative data Electricity production (GWh) Hydroelectric Thermoelectric 3,699 5 EBITDA (like-for-like ) (c) (c/a) (c/b) Wind 24 - Total 3, Production Sales Trading n/s - Total Figure includes 2,392 GWh of Tirreno Power production in the 1Q11 Electricity sold (GWh) Enhanced Protection Market 1, Free market 3,120 2,805 Total 4,244 3,757 Gas sold (Mmc) Total

Acea Group: EBITDA and Key quantitative data WATER EBITDA Key quantitative data (b/a) Volumes of water sold (Mmc) 78.4 80.3 +2.4 Total 191 191 NETWORKS ARSE: margin increase (+1.

5 Acea Group: EBITDA and Key quantitative data WATER EBITDA Key quantitative data (b/a) Volumes of water sold (Mmc) Total NETWORKS ARSE: margin increase (+1.5 m) ACEA Distribuzione: margin increase (+6.8 m) Key quantitative data EBITDA (b/a) Electricity distributed (GWh) 2,784 2,818 Electricity production (GWh) Photovoltaic

6 Acea Group: EBIT and net profit EBIT Amortisation Depreciation Provisions Total NET PROFIT Net profit from discontinued operations* * Gain realised following the unwinding of the Joint Venture with GdF Suez Energia Italia 6

Acea Group: net debt and capex NET DEBT 31 March 2011 31 Dec. 2011 31 March 2012 (b-a) Medium/Long-term 2,290. 6 2,279.0 2,380.1 101.1 Short-term (165.0) 46.8 258.7 211.

7 Acea Group: net debt and capex NET DEBT 31 March Dec March 2012 (b-a) Medium/Long-term 2, , , Short-term (165.0) NET DEBT/ SHAREHOLDER S EQUITY 31 Dec NET DEBT/ SHAREHOLDER S EQUITY 31 March x 2.0x Net debt 2, , , CAPEX All debt consolidated as long term 54 is fixed rate, at an average overall cost of 3.55 Average term to maturity 10 years 114.1* Rating Debt structure (maturity and interest rates at 31 March 2012) BBB+ A Baa After 2016 No debt maturing in 2012 F ixed rate F lo ating rate Acea Spa Energy Environment Networks Water * Figure includes the cost of purchasing the headquarters premises 7

8 Disclaimer THIS PRESENTATION MAY CONTAIN CERTAIN STATEMENTS THAT ARE NEITHER REPORTED FINANCIAL RESULTS NOR OTHER HISTORICAL INFORMATION ( FORWARD-LOOKING STATEMENTS ). THESE FORWARD-LOOKING STATEMENTS ARE BASED ON ACEA S.P.A. S CURRENT EXPECTATIONS AND PROJECTIONS ABOUT FUTURE EVENTS. BECAUSE THESE FORWARD-LOOKING STATEMENTS ARE SUBJECT TO RISKS AND UNCERTAINTIES, ACTUAL FUTURE RESULTS MAY DIFFER MATERIALLY FROM THOSE EXPRESSED IN OR IMPLIED BY THESE STATEMENTS DUE TO ANY NUMBER OF DIFFERENT FACTORS, MANY OF WHICH ARE BEYOND THE ABILITY OF ACEA S.P.A. TO CONTROL OR ESTIMATE PRECISELY, INCLUDING CHANGES IN THE REGULATORY ENVIRONMENT, FUTURE MARKET DEVELOPMENTS, FLUCTUATIONS IN THE PRICE AND AVAILABILITY OF FUEL AND OTHER RISKS. YOU ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN, WHICH ARE MADE ONLY AS OF THE DATE OF THIS PRESENTATION. ACEA S.P.A. DOES NOT UNDERTAKE ANY OBLIGATION TO PUBLICLY RELEASE ANY REVISIONS TO ANY FORWARD- LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THE DATE OF THIS PRESENTATION. *** PURSUANT TO ART. 154-BIS, PAR. 2, OF THE UNIFIED FINANCIAL ACT OF FEBRUARY 24, 1998, THE EXECUTIVE IN CHARGE OF PREPARING THE CORPORATE ACCOUNTING DOCUMENTS AT ACEA, GIOVANNI BARBERIS, DECLARES THAT THE ACCOUNTING INFORMATION CONTAINED HEREIN CORRESPOND TO DOCUMENT RESULTS, BOOKS AND ACCOUNTING RECORDS. 8

9 9

ACEA GROUP 1Q11 RESULTS. Rome, 11 May Acea Group 1Q11 Results

ACEA GROUP 1Q11 RESULTS. Rome, 11 May Acea Group 1Q11 Results ACEA GROUP RESULTS Rome, 11 May 2011 1 Acea Group Results Acea Group: financial highlights Restated * (a) (b) % Change (b/a) Consolidated revenues 845.4 827.9-2.1% Operating costs 695.7 684.9-1.6% - Personnel