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Q3 2015 Earnings Results – ERG SPA

ERG SPA · Nov 12, 2015 · 24 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. Q3 2015 Earnings Results – ERG SPA – slide 1
    THIRD QUARTER 2015 RESULTS 12 NOVEMBER 2015 LUCA BETTONTE, CEO
  2. Q3 2015 Earnings Results – ERG SPA – slide 2
    AGENDA 3Q 2015 Highlights Key Figures Recent Developments Results Review Business Environment 3Q 2015 Group EBITDA Results by Segments Key Financials Profit & Loss Investments Cash Flow Statement 2015 Guidance and…
  3. Q3 2015 Earnings Results – ERG SPA – slide 3
    HIGHLIGHTS: KEY FIGURES RC Ebitda Adj ( mn) RC Net Profit ( mn) 263 264 80 78 76 POWER 54 RENEWABLES CORPORATE 202 201 80 66 33 14 19 27 52 (19) 45 (16) (5) (6) 9M 2014 9M 2014 Pro-forma 9M 2015 Pro-forma 9M 2015 3Q 2014…
  4. Q3 2015 Earnings Results – ERG SPA – slide 4
    FURTHER EXPANSION IN FRANCE AND GERMANY Deal description On October 15, 2015 ERG Renew signed an agreement to acquire 206MW: 124MW in France, and 82MW in Germany Transaction also includes 2 companies which provide operational and…
  5. Q3 2015 Earnings Results – ERG SPA – slide 5
    RESULTS REVIEW PAOLO MERLI CFO 6
  6. Q3 2015 Earnings Results – ERG SPA – slide 6
    BUSINESS ENVIRONMENT Electricity Prices (/MWh) in Italy - PUN Renewables: Electricity Prices (/MWh) 95 157 148 62 55 5755 97 97 95 96 53 91 91 50 80 45 69 62 3Q 2014 4Q 2014 1Q 2015 2Q 2015 3Q 2015 3Q 2014 4Q 2014 1Q…
  7. Q3 2015 Earnings Results – ERG SPA – slide 7
    3Q 2015 GROUP EBITDA 80 (7) (6) (1) 66 1,292 3Q 2014 Renewables Power Corporate 3Q 2015 Pro-forma 8 Results Review
  8. Q3 2015 Earnings Results – ERG SPA – slide 8
    RENEWABLES RESULTS RC Ebitda ( mn) Volumes (GWh) 202 2,011 201 1 1,948 26 10 11 204 6 8 187 8 8 90 128 102 111 1,570 178 1,542 174 542 528 52 56 18 25 25 56 3 45 29 57 1 1 1 443 23 2 361 47 9M 2014 9M 2015 36…
  9. Q3 2015 Earnings Results – ERG SPA – slide 9
    POWER RESULTS RC Ebitda ( mn) Volumes (GWh) 80 78 1,935 1,921 736 724 33 27 9M 2014 Pro-forma 9M 2015 3Q 2014 Pro-forma 3Q 2015 9M 2014 Pro-forma 9M 2015 3Q 2014 Pro-forma 3Q 2015 Lower prices partly offset by…
  10. Q3 2015 Earnings Results – ERG SPA – slide 10
    ADJUSTED INVESTMENTS 69 5 ( mn) 40 9 62 POWER 21 RENEWABLES (1) CORPORATE 17 3 29 2 16 15 2.2 1.2 1.4 0.4 9M 2014 9M 2015(2) 3Q 2014 Pro-forma 3Q 2015 (2) Pro-forma (1) Renewables adjusted for LUKERG Renew…
  11. Q3 2015 Earnings Results – ERG SPA – slide 11
    TOTALERG: KEY FIGURES(1) Industry Retail Fuels Volumes (M tons) EMC Margin (/bbl) 5.98 4.0 5.82 0.5 3Q 2015 2Q 2015 3Q 2015 4Q 2014 1Q 2015 2Q 2015 4Q 2014 1Q 2015 3Q 2014 3Q 2014 9M 2015 9M 2014 Euro millions 3Q 2015 3Q…
  12. Q3 2015 Earnings Results – ERG SPA – slide 12
    KEY FINANCIALS 13
  13. Q3 2015 Earnings Results – ERG SPA – slide 13
    PRO-FORMA REPLACEMENT COST P&L 9M 2014 3Q 2014 9M 2015 Euro millions 3Q 2015 pro-forma pro-forma 264 263 RC Adjusted EBITDA 66 80 (123) (121) Amortization and depreciation (41) (40) 141 142 RC Adjusted EBIT 25 40 (45) (43)…
  14. Q3 2015 Earnings Results – ERG SPA – slide 14
    3Q 2015 ADJUSTED CASH FLOW STATEMENT 16 (77) 70 548 14 17 (66) 477 20 471 24% 22% 21% Adj. Net Adj. Net NFP 50% Net Debt Working Financial Taxes Debt EBITDA CAPEX M&A(1) Debt LUKERG 30/09/2015 Capital Charges…
  15. Q3 2015 Earnings Results – ERG SPA – slide 15
    2015 GUIDANCE AND CONCLUSIONS LUCA BETTONTE CEO 16
  16. Q3 2015 Earnings Results – ERG SPA – slide 16
    2015 GUIDANCE AND CONCLUSIONS 350 264 EBITDA: Guidance confirmed at 350mn 9M 2015 2015 FCST POWER RENEWABLES CORPORATE 230 139 CAPEX: Guidance confirmed at 230mn on a like-for-like basis 9M 2015(1) 2015 FCST NFP: 548…
  17. Q3 2015 Earnings Results – ERG SPA – slide 17
    APPENDIX 18
  18. Q3 2015 Earnings Results – ERG SPA – slide 18
    9M 2015 GROUP EBITDA 263 1 (2) 2 264 1,292 9M 2014 Renewables Power Corporate 9M 2015 Pro-forma Growth mainly driven by Renewables 19 Appendix
  19. Q3 2015 Earnings Results – ERG SPA – slide 19
    9M 2015 ADJUSTED CASH FLOW STATEMENT 100 548 (77) 471 77 409 71 (264) 45 24% 69 40 21% 19% Adj. Net NFP 50% Net Debt Adj. Net Debt Working Financial Taxes EBITDA CAPEX Dividends M&A(1) Debt LUKERG 30/09/2015…
  20. Q3 2015 Earnings Results – ERG SPA – slide 20
    9M AND 3Q 2015 RESULTS 9M 2014 3Q 2014 9M 2015 Euro millions 3Q 2015 Pro-forma Pro-forma 713 788 Adjusted Revenues 216 258 264 263 RC EBITDA Adjusted 66 80 202 201 - Renewables 45 52 78 80 - Power 27 33 (16) (19) -…
  21. Q3 2015 Earnings Results – ERG SPA – slide 21
    RENEWABLES: KEY FIGURES (1/2) 9M 2015 9M 2014 3Q 2015 3Q 2014 1,446 1,341 Installed capacity (end-period, MW) 1,446 1,341 of which: 1,087 1,087 - Italy 1,087 1,087 86 86 - Germany 86 86 128 64 - France 128 64 27 27 - Bulgaria (1)…
  22. Q3 2015 Earnings Results – ERG SPA – slide 22
    RENEWABLES: KEY FIGURES (2/2) 9M 2015 9M 2014 Euro millions 3Q 2015 3Q 2014 RC EBITDA: 174 178 Italy 36 47 8 8 Germany 2 1 8 6 France 3 1 11 10 LUKERG (1) 3 3 of which: 4 3 - Bulgaria (1) 1 1 7 7 - Romania (1) 1 2 1 n.a.…
  23. Q3 2015 Earnings Results – ERG SPA – slide 23
    ERG POWER: KEY FIGURES 9M 2015 9M 2014 Euro millions 3Q 2015 3Q 2014 1,935 1,921 Electricity Production (GWh) 724 736 78 80 RC EBITDA 27 33 (22) (22) Depreciation (7) (7) 56 59 RC EBIT 19 26 24 Appendix
  24. Q3 2015 Earnings Results – ERG SPA – slide 24
    INVESTMENTS 9M 2014 3Q 2014 9M 2015(2) Euro millions 3Q 2015 (2) Pro-forma Pro-forma 62 29 Renewables(1) 15 16 5 9 Power 2 3 1 2 Corporate 0 1 69 40 Adjusted Total 17 21 (1) Renewables adjusted for LUKERG Renew…

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