Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Portugal
  4. Euronext Lisbonne
  5. EDP - Energias de Portugal, S.A.
  6. News
  7. Summary
    EDP   PTEDP0AM0009

EDP - ENERGIAS DE PORTUGAL, S.A.

(EDP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

EDP Energias de Portugal S A : Results Presentation 1H21

07/30/2021 | 05:39am EDT

1H21 Results Presentation

Lisbon, 30 July 2021

Disclaimer

This document has been prepared by EDP - Energias de Portugal, S.A. (the "Company") solely for use at the presentation to be made on this date and its purpose is merely of informative nature and, as such, it may be amended and supplemented and it should be read as a summary of the matters addressed or contained herein. By attending the meeting where this presentation is made, or by reading the presentation slides, you acknowledge and agree to be bound by the following limitations and restrictions.

This presentation may not be distributed to the press or to any other person in any jurisdiction, and may not be reproduced in any form, in whole or in part for any other purpose without the express and prior consent in writing of the Company.

This presentation and all materials, documents and information used therein or distributed to investors in the context of this presentation do not constitute or form part of and should not be construed as, an offer (public or private) to sell or issue or the solicitation of an offer (public or private) to buy or acquire securities of the Company or any of its affiliates or subsidiaries in any jurisdiction or an inducement to enter into investment activity in any jurisdiction.

Neither this presentation nor any materials, documents and information used therein or distributed to investors in the context of this presentation or any part thereof, nor the fact of its distribution, shall form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever and may not be used in the future in connection with any offer (public or private) in relation to securities issued by the Company. Any decision to invest in any securities of the Company or any of its affiliates or subsidiaries in any offering (public or private) should be made solely on the basis of the information to be contained in the relevant prospectus, key investor information or final offering memorandum provided to the investors and to be published in due course in relation to any such offering and/or public information on the Company or any of its affiliates or subsidiaries available in the market.

Matters discussed in this presentation may constitute forward-looking statements. Forward-looking statements are statements other than in respect of historical facts. The words "believe," "expect," "anticipate," "intends," "estimate," "will," "may", "continue," "should" and similar expressions usually identify forward-looking statements.

Forward-looking statements include statements regarding: objectives, goals, strategies, outlook and growth prospects; future plans, events or performance and potential for future growth; liquidity, capital resources and capital expenditures; economic outlook and industry trends; energy demand and supply; developments of the Company's markets; the impact of legal and regulatory initiatives; and the strength of the Company's competitors. The forward-looking statements in this presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Important factors that may lead to significant differences between the actual results and the statements of expectations about future events or results include the company's business strategy, financial strategy, national and international economic conditions, technology, legal and regulatory conditions, public service industry developments, hydrological conditions, cost of raw materials, financial market conditions, uncertainty of the results of future operations, plans, objectives, expectations and intentions, among others. Such risks, uncertainties, contingencies and other important factors could cause the actual results, performance or achievements of the Company or industry results to differ materially from those results expressed or implied in this presentation by such forward-looking statements.

The information, opinions and forward-looking statements contained in this presentation speak only as at the date of this presentation, and are subject to change without notice unless required by applicable law. The Company and its respective directors, representatives, employees and/or advisors do not intend to, and expressly disclaim any duty, undertaking or obligation to, make or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this presentation to reflect any change in events, conditions or circumstances.

1H21 Results 2

1H21 Highlights: Delivery of Value Accretive Growth in the Energy Transition

1H21 Key Figures(1)

Highlights

Gross Investments(2)

Recurring

EBITDA

Recurring

Net Profit

€1.6 Bn

(+29% YoY)

€1,678m

(ex-forex-1% YoY)

€326m(3)

(Reported €343m)

3.6 GW(4) renewables added in 1H21 + Capacity U/C

Renewables Asset Rotation deals at attractive valuations (new deals announced, €1.9 Bn proceeds)

Electricity networks growth Spain (Viesgo) & Brazil Strong Hydro Resources (+11% vs. LT avg.)

Energy Management penalised by high prices in 2Q21

Below avg. wind resources (-5%vs. LT avg GCF)

(1) 1H20 recurring EBITDA & Net Profit, adjusted for the two disposals closed in December 2020, 6 hydro plants in Portugal and 2 CCGTs and B2C portfolio in Spain, for comparison going forward | (2) Includes

1H21 Results

3

Financial Investments | (3) Recurring Net Profit includes extraordinary energy tax/CESE | (4) Equity + EBITDA MW.

We have accelerated growth and expanded to new geographies across different technologies

Continued accelerated growth in

renewables…

+2.1 GW(1) of Wind & Solar Gross

Strong execution

capacity added over the last 12 months

on capacity

deployment

+2.9 GW Capacity U/C as of June-21

+6.7 GW Secured for 2021-2025

LT contracts

+3.7 GW PPAs under neg. & shortlisted

secured:

2.5 GW

1.1 GW

0.1 GW

+0.4 GW 25Y CfD Secured in Offshore(2)

Accelerated &

sustainable

…entrance into new markets with regulatory growth stability & high growth prospects

On track to deliver 20GW Gross Additions by 2025

(1) EBITDA MW + Equity MW | (2) COD post 2025 (Poland).

1H21 Results 4

We have 6.7 GW capacity additions secured for 21-25 while maintaining a disciplined investment criteria

64% of Capacity Secured for 2021-23

…while maintaining a selective and

additions…

disciplined investment approach

Accelerated &

sustainable

growth

GW

0.3

6.7

3.9

2.5

3.6

Installed YTD

& U/C

Wind

Solar PV

Offshore

Secured

Onshore

Net MW

Capacity

Target

IRR/WACC >1.4x

IRR - WACC >200bps

NPV/ Capex

>25%

% NPV>60% contracted

Actual

~1.5x

~320bps

~30%

>60%

1H21 Results 5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

EDP - Energias de Portugal SA published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 09:38:07 UTC.


© Publicnow 2021
All news about EDP - ENERGIAS DE PORTUGAL, S.A.
09/16EDP ENERGIAS DE PORTUGAL S A : among energy and innovation leaders to launch the..
PU
09/16EDP ENERGIAS DE PORTUGAL S A : ​​Renováveis ​​signs 127...
PU
09/16EDP ENERGIAS DE PORTUGAL S A : secures a PPA for 127.5 MW of solar and wind capa..
PU
09/14Tackling soaring energy bills, Spain to cap gas price, utilities' profits
RE
09/13EDP ENERGIAS DE PORTUGAL S A : Renováveis signs over 50 solar energy projects wi..
PU
09/13EDP RENOVÁVEIS S A : Renewables Announces Completion of 39 New Distributed Gener..
AQ
09/08EDP ENERGIAS DE PORTUGAL S A : announces upsize to 80% stake of the 405 MW Asset..
PU
09/07EDP ENERGIAS DE PORTUGAL S A : is awarded with PPA for 120 MW wind project at th..
PU
09/06EDP ENERGIAS DE PORTUGAL S A : prices EUR 1,250 million subordinated green notes
PU
09/02EDP ENERGIAS DE PORTUGAL S A : João Nascimento takes over the EDP Group's Digita..
PU
More news
Analyst Recommendations on EDP - ENERGIAS DE PORTUGAL, S.A.
More recommendations
Financials
Sales 2021 12 789 M 14 996 M 14 996 M
Net income 2021 850 M 996 M 996 M
Net Debt 2021 12 342 M 14 471 M 14 471 M
P/E ratio 2021 21,1x
Yield 2021 4,22%
Capitalization 18 028 M 21 163 M 21 138 M
EV / Sales 2021 2,37x
EV / Sales 2022 2,28x
Nbr of Employees 12 124
Free-Float 67,6%
Chart EDP - ENERGIAS DE PORTUGAL, S.A.
Duration : Period :
EDP - Energias de Portugal, S.A. Technical Analysis Chart | EDP | PTEDP0AM0009 | MarketScreener
Technical analysis trends EDP - ENERGIAS DE PORTUGAL, S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Last Close Price 4,57 €
Average target price 5,71 €
Spread / Average Target 25,0%
EPS Revisions
Managers and Directors
Miguel Stilwell de Andrade Chief Executive Officer, CFO & Executive Director
Luís Filipe Marques Amado Chairman-Supervisory Board
Rita Sousa Head-Compliance
Maria Celeste Ferreira Lopes Cardona Member-Supervisory Board
Fernando Maria Masaveu Herrero Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
EDP - ENERGIAS DE PORTUGAL, S.A.-11.40%21 163
NEXTERA ENERGY5.82%160 158
ENEL S.P.A.-15.91%83 010
DUKE ENERGY CORPORATION8.86%76 680
SOUTHERN COMPANY6.43%67 913
IBERDROLA, S.A.-20.05%67 806