Skip to main content Q1 2015 Earnings Call – Tauron Polska Energia Investor Presentation | Shale Experts
Loading...
Pm

Q1 2015 Earnings Call – Tauron Polska Energia

Tauron Polska Energia · May 14, 2015 · 25 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q1 2015 Earnings Call – Tauron Polska Energia – slide 1
    TAURON Groups Q1 2015 financial results May 14, 2015
  2. Q1 2015 Earnings Call – Tauron Polska Energia – slide 2
    Q1 2015 key financial parameters TAURON Groups Q1 2015 results [PLN m] Q1 2015 Sales revenue 4 754 (-2.7% yoy) EBITDA 1 021 (-6.2% yoy) Net profit 503 (26.1% yoy) CAPEX 792 (40.0% yoy) Net debt/EBITDA 1.91x (up 0.06) Key…
  3. Q1 2015 Earnings Call – Tauron Polska Energia – slide 3
    Highlights TAURON Expression of initial interest in the purchase of all or a part of Brzeszcze Coal Mine assets. January 16 Transaction will be possible only on the condition the analyses underway prove it is possible to extract coal…
  4. Q1 2015 Earnings Call – Tauron Polska Energia – slide 4
    Macroeconomic and market situation Polands GDP growth rate* and manufacturing PMI Increase of manufacturing production sold and (quarterly average) electricity consumption (change yoy)* 5% 56 7% 6.0% 55 6% 5.0% 5.3% 5.3% 5.6% 5%…
  5. Q1 2015 Earnings Call – Tauron Polska Energia – slide 5
    Q1 2015 key operating data Mg m Hard coal production and sales [tons m] Electricity [TWh] and heat [PJ] generation TWh PJ 1,4 5 7 1.14 1,2 1.01 3.69 3.93 6 4 1,0 0.31 0.53 5 0.47 12.8% 0.29 6.9% 0,8 3 4 0,6 1.25 3 2 5.92 0.97…
  6. Q1 2015 Earnings Call – Tauron Polska Energia – slide 6
    Q1 2014 key financial data Sales revenue [PLN m] Net profit attributed to the holding companys shareholders PLN m PLN m [PLN m] 6 000 600 4 887 4 754 502 5 000 500 594 0.2% 595 396 4 000 400 1 520 5.3% 1 600 3 000 300 2 000…
  7. Q1 2015 Earnings Call – Tauron Polska Energia – slide 7
    Q1 2015 EBITDA PLN m -6.2% 1 400 22.3% -16.4% 18.6% 33.3% 4.6% 16.4% - 21.5% 1 200 1 088 32 1 021 21 1 000 456 -11 -64 -45 -1 435 800 600 632 586 400 200 0 Mining Generation Distribution Supply Other Unassigned items…
  8. Q1 2015 Earnings Call – Tauron Polska Energia – slide 8
    Q1 2015 prime costs structure -0.5% 2 455 PLN m 2 442 Declining costs in Q1 2015 are mainly due to: 100% 1% 1% consumption of materials (mainly lower fuel costs) Variable costs 38% Variable costs 37% 90% 632 629 depreciation…
  9. Q1 2015 Earnings Call – Tauron Polska Energia – slide 9
    Debt and financing Maturity of TAURON Groups debt 3 500 3 153 3 500 3 077 3 000 Net debt/EBITDA=1.91x 3 000 2 500 1 990 2 500 2 000 2 000 1 500 1 500 1 000 687 1 000 500 427 377 158 240 240 189 182 161 500 150 100 100 100 - 25 25…
  10. Q1 2015 Earnings Call – Tauron Polska Energia – slide 10
    CAPEX projects work progress Planned Capacity Capacity Investment project Work progress (percent) completion (MWe) (MWt) data Construction of the hard coal-fired unit at Jaworzno 910 - 10 2019 III Power Plant Construction of…
  11. Q1 2015 Earnings Call – Tauron Polska Energia – slide 11
    CAPEX by segment Main investment projects completed in Q1 CAPEX by segment [PLN m] 2015: Mining: 40.0% 792 construction of the 800 m level in Janina coal mine (PLN 25m) 24 purchase of an additional longwall roof support and…
  12. Q1 2015 Earnings Call – Tauron Polska Energia – slide 12
    Efficiency improvement program Savings realized Savings planned Segment Progress % Main initiatives in 2013-Q1 2015 in 2013-2015 Implementation of the ultimate business model, elimination of the redundant functions Change of the…
  13. Q1 2015 Earnings Call – Tauron Polska Energia – slide 13
    Thank you Q & A : Investor Relations Marcin Lauer marcin.lauertauron.pl tel. + 48 32 774 27 06 Pawe Gaworzyski pawel.gaworzynskitauron.pl tel. + 48 32 774 25 34 Magdalena Wilczek magdalena.wilczektauron.pl tel. + 48 32 774 25 38…
  14. Q1 2015 Earnings Call – Tauron Polska Energia – slide 14
    Mining Financial data [PLN m] EBIT bridge [PLN m] 269 248 30 -7 -7 20 -7 -44 -72 0,2 Q1 2014 Q1 2015 -72 -89 Q1 2014 EBIT Hard coal sales Hard coal sales Own cost of hard Other factors Q1 2015 EBIT Sales revenue…
  15. Q1 2015 Earnings Call – Tauron Polska Energia – slide 15
    Generation Financial data [PLN m] EBIT bridge [PLN m] +79,6% 1 527 60 1 252 0.2 138 50 -47 77 17 252 284 16 77 138 -35 Q1 2014 Q1 2015 Sales revenue EBITDA EBIT Q1 2014 EBIT TAMEH (ZW Nowa Electricity volume -…
  16. Q1 2015 Earnings Call – Tauron Polska Energia – slide 16
    Distribution Financial data [PLN m] EBIT bridge [PLN m] 1 643 -5,8 % 1 558 18 53 324 -37 305 -35 -5 -8 -4 558 547 324 305 Price Volume Grid losses DSO/TSO Grid assets tax Depreciation Other factors Q1 2015 EBIT Q1…
  17. Q1 2015 Earnings Call – Tauron Polska Energia – slide 17
    Distribution volumes Q1 2014 electricity distribution [TWh] Q1 2015 electricity distribution [TWh] 2.6 2.6 3.4 3.4 Group A Group A Group B Group B 11.7 Group C2 1.2 11.9 Group C2 1.2 Group C1+R+D Group C1+R+D Group G Group G…
  18. Q1 2015 Earnings Call – Tauron Polska Energia – slide 18
    Supply Financial data [PLN m] EBIT bridge [PLN m] 4 178 -16.6% 4 096 64 229 -10 10 191 -24 -26 -52 238 229 194 191 Q1 2014 Q1 2015 EBIT Q1 2014 wolumen retail supply ceny energii electricity ceny PMOZE, PMOZE, PMMET…
  19. Q1 2015 Earnings Call – Tauron Polska Energia – slide 19
    Supply volumes Q1 2014 electricity supply to customers [TWh] Q1 2015 electricity supply to customers [TWh] 1.4 1.3 1.7 2,1 Group A* Grupa A* Group A* Grupa A* Group B Grupa B Group BB Grupa Grupa Group C2+C1+R+D C2 + C1…
  20. Q1 2015 Earnings Call – Tauron Polska Energia – slide 20
    Electricity market price trends Electricity 2014 2015 (until April 16, 2015) 2015/2014 (until April 16, 2015) Platforms: TGE, TFS, GFI, GPW-POEE Price PLN/MWh Volume GWh Price PLN/MWh Volume GWh Price % Volume % Forward BASE (Y+Q+M)…
  21. Q1 2015 Earnings Call – Tauron Polska Energia – slide 21
    2015 BASE contracts PLN/MWh Volume Price Average Average price Volume [GWh] [PLN/MWh] Total 168.11 146 932 TGE 168.16 109 877 Including non TGE 167.96 37 055 Average electricity price that takes into account 2015 one…
  22. Q1 2015 Earnings Call – Tauron Polska Energia – slide 22
    2016 BASE contracts PLN/MWh Volume Price Average Average price Volume [GWh] [PLN/MWh] Total 173.69 61 110 TGE 173.61 43 709 Including non TGE 173.91 17 401 Average electricity price that takes into account 2016 one…
  23. Q1 2015 Earnings Call – Tauron Polska Energia – slide 23
    2017 BASE contracts PLN/MWh Volume Price Average Average price Volume [GWh] [PLN/MWh] Total 176.59 3 416 TGE 175.03 1 148 including non TGE 177.38 2 269 Average electricity price that takes into account 2017 one year…
  24. Q1 2015 Earnings Call – Tauron Polska Energia – slide 24
    TAURONs coverage by analysts Institution Analyst Institution Analyst DB Securities Tomasz Krukowski BAML Denis Deruskhin Dom Maklerski mBanku Kamil Kliszcz Raiffeisen Centrobank Teresa Schinwald Dom Maklerski Banku Handlowego Piotr…
  25. Q1 2015 Earnings Call – Tauron Polska Energia – slide 25
    Thank you for your attention 26 26

From the store

Browse maps, data & reports in the Shale Experts store