EQS-Information: VERBUND AG: Quarterly outcomes 1-2/2022: good improvement of outcomes due to the rise in wholesale electrical energy costs

EQS-Information: VERBUND AG / Key phrase(s): Half-year outcomes VERBUND AG: Quarterly outcomes 1-2/2022: Good revenue improvement due to larger wholesale electrical energy costs 28/07/2022 / 07:58 The issuer is answerable for the content material of this announcement. ══════════════════════════════════════════════════ ════════════════════════ The 2nd quarter of 2022 continued to be characterised by geopolitical tensions, the continuing conflict in Ukraine in addition to file inflation and better rate of interest expectations. The tough framework situations have led to severe distortions within the European vitality markets and to sharply rising and risky vitality costs. The change in gasoline supply volumes and a change within the buy construction have been significantly noticeable within the evolution of gasoline costs. Because of the sharp rise in world market costs of main vitality sources and the excessive prices of CO[2]The certificates have additionally elevated wholesale electrical energy costs in Europe. The present evolution of worldwide vitality markets reveals in a drastic approach the urgency of the enlargement of electrical energy manufacturing from renewable sources in addition to the enlargement of networks and storage. The main focus is on phasing out fossil fuels. VERBUND makes a precious contribution on this context. As a part of the 2030 technique, VERBUND will put money into the enlargement of renewable vitality manufacturing and within the improvement of the European hydrogen financial system along with vital investments within the conventional core enterprise – hydroelectricity and electrical networks. Within the hydropower sector, we’ll make investments round 363 million euros in 2022, primarily within the Limberg III, Reißeck II plus and Töging tasks. We’re investing round 354 million euros within the electrical energy community in 2022, crucial tasks being the 380 kV line in Salzburg and the Reschen Cross undertaking. VERBUND thus makes an vital contribution to making sure safety of provide in Austria. The continued conflict in Ukraine and its results on the utilities sector influenced the event of VERBUND inventory in quarters 1 and a pair of/2022. With a closing worth of €93.4 on June 30, 2022, the VERBUND share recorded a decline of 5.6% through the quarters 1–2/2022 in comparison with the tip of 2021 and subsequently developed a lot better than the primary Austrian ATX index (–25.4%) and the STOXX Europe 600 Utilities sector index (–13.2%). The VERBUND end result elevated considerably in quarters 1–2/2022. EBITDA elevated by 110.5% to 1,378.9 million euros. The consolidated end result elevated by 151.8% to 817.1 million euros in comparison with the identical interval of the earlier 12 months. At 0.90, the run-of-river era ratio was 6 proportion factors decrease than the earlier 12 months’s worth and 10 proportion factors decrease than the long-term common. Then again, the manufacturing of annual storage energy vegetation elevated by 18.7% within the quarters 1–2/2022 in comparison with the identical interval of the earlier 12 months. Hydraulic manufacturing was thus decreased by a complete of 455 GWh. The sharp rise in ahead and spot costs on the wholesale electrical energy market had a markedly optimistic impact on the evolution of the outcomes. The typical sale worth realized within the area of personal manufacturing from hydro elevated by €65.9/MWh to succeed in €112.5/MWh. Constructive results additionally resulted from the total consolidation of Fuel Join Austria GmbH, the regulated long-distance gasoline and distribution system operator in Austria, which was acquired with impact from Could 31, 2021, and the considerably larger contribution flexibility merchandise. The consolidated end result for quarters 1 and a pair of/2022 was influenced by distinctive results of 82.6 million euros. (Q1-2/2021: €9.3 million). Corrected for these non-recurring results, consolidated earnings rose by 133.0% to 734.5 million euros. Revenue outlook for 2022 Based mostly on the typical personal manufacturing of hydro, wind and photovoltaic era within the quarters 3-4/2022 and the chance and threat state of affairs, VERBUND expects an EBITDA of between roughly 3,000 and three,500 million euros for the 2022 monetary 12 months. € and printed a internet results of between roughly 1,680 million euros and a pair of,030 million euros. As well as, VERBUND expects a payout fee of between 45% and 55% for the 2022 monetary 12 months in comparison with the consolidated end result adjusted for non-recurring results of between round €1,600m and €1,950m. The earnings outlook and knowledge on the anticipated payout ratio is topic to the situation that there aren’t any opposed results of potential vitality coverage measures aimed toward partially skimming the earnings of vitality firms. Along with the common dividend, the board of administrators of VERBUND AG has determined to suggest a particular dividend of 400 million euros on the annual normal assembly 2023 as a result of good enterprise improvement. Dividends might be paid topic to the approval of the Supervisory Board at its steadiness sheet assembly and the approval of the shareholders of VERBUND AG on the Strange Common Assembly of 2023 157.9% Consolidated end result M€ 324.5 817.1 151.8% Earnings per share €0.93 2.35 151.8% EBIT margin % 26.6 25.0 – EBITDA margin % 38.0 29.1 – Working money movement €426.4m 920.3 115.8% Free money movement earlier than dividend M€ –141.5 366.9 – Free money movement after dividend M€ –473.1 –111.0 – Efficiency of the VERBUND share % 11.2 –5.6 – Web gearing % 38.7 67.0 – Additional data and the interim report for the quarters 1–2/2022 can be found at www .verbund.com > Investor Relations > Present monetary end result. Contact: Magazine. Andreas Wollein Head of Monetary Administration and Investor Relations T.: +43 (0)5 03 13 – 52604 F.: +43 (0)5 03 13 – 52694 Investor Relations@verbund.com ══════════════════════ 28/07/2022 Publication of a Company Information, transmitted by EQS Group AG. eqs.com?? 0043-1-53113-52694 E-mail: Investor Relations@verbund.com Web: www.verbund.com ISIN: AT0000746409 WKN: 877738 Indices: ATX Exchanges: Vienna Inventory Change (official market) EQS Information ID: 1407609 Finish of message EQS Information-Service 1407609 July 28, 2022

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