2Q22
Earnings
August 12, 2022
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This presentation may contain certain forward-looking statements and information relating to ENEVA that reflect the current views and/or expectations of the Company and its management with respect to its business plan. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like "may", "plan", "believe", "anticipate", "expect", "envisages", "will likely result", or any other words or phrases of similar meaning.
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2
2Q22 Highlights
R$503 million
Adjusted EBITDA¹ 2Q22 +33% vs. 2Q21
R$4.2 billion
Follow-on: 300MM new shares, allocated to the
acquisition of CELSE
R$5.0 billion
Cash and Cash Equivalents (June/22)
Leverage (Net Debt/LTM EBITDA): 2.2x
- Signing of agreement for the acquisition of CELSE
LNG-fired thermal power plant (Porto de Sergipe I TPP) with an installed capacity of 1.6 GW + Pipeline of greenfield projects totaling 3.2 GW
- Signing of agreement for the acquisition of Termofortaleza TPP
Natural gas-fired thermal power plant with an installed capacity of
327 MW
-
First two agreements signed to supply LNG to industrial clients
Suzano and Vale - Reserves and Contingent Resources Certification Report
14.8 bcm of gas reserves (2P) and 4.7MM bbl of condensate reserves (2P) in the Azulão Field
- Publication of the 2021 Sustainability Report, audited by a third party and Publication of HSE and Sustainability Policies
Note: 1- Adjusted EBITDA does not include dry well expenses and provisions for doubtful accounts. | 3 |
Energy Market: 2Q22 Highlights
Recovery of reservoirs and spot prices (PLD) at the structural regulatory floor, indicating a decline in the need for centralized thermal dispatch to SIN. Beginning of energy exports to Argentina and increase in inflexible dispatch boost thermal generation
110%
60%
10%
Historical Stored Energy (EARM) by Subsystem
(%)¹
96%
95%
91%
66%
Northeast North Southeast/Midwest South
Average PLD in the Quarter2
Southeast/Midwest Submarket
229 | 58 | 56 | -76% |
R$/MWh | |||
R$/MWh | R$/MWh | ||
2Q21 | |||
1Q22 | 2Q22 vs. 2Q21 | ||
2Q22 |
Brazil-Argentina Energy Export
(Average GW/month)
1,3
1,0 | 0,9 | |||||||||||
0 | 0 | 0 | 0 | |||||||||
Jan-22 | Feb-22 | Mar-22 | Apr-22 | May-22 | Jun-22 | Jul-22 |
Thermal Generation
(Average GW/month)
17 | 19 | 19 | 19 | 19 | 17 | |||||||||||||||||||||||||||||||||||||
13 | ||||||||||||||||||||||||||||||||||||||||||
10 | 9 | 11 | 13 | 12 | 10 | 7 | 6 | 5 | 7 | 9 | ||||||||||||||||||||||||||||||||
Notes: 1 - Source: ONS website; 2 - Source: CCEE. | 4 |
Despite low dispatch, net revenues grew 40% y.o.y.
Exports to Argentina, commercial startup of the Jaguatirica II TPP, contractual adjustment of fixed revenues and non-cash impact of the MtM position of futures contracts of the Trading segment
Gross Energy Generation (GWh) | Gas Production (Bn m3) | Consolidated Net Revenues (R$ million) | ||||
58% | Gas | Coal | 40% | |||
2,450 | Average TPP | |||||
684 | Dispatch¹ | |||||
19% | ||||||
1,349 | ||||||
0.43 | 0.04 | |||||
928 | ||||||
6 | ||||||
1,766 | 0.20 | 962 | ||||
922 | ||||||
2Q21 | 2Q22 | 2Q21 | 2Q22 | 2Q21 | 2Q22 | |
Parnaíba Basin | Amazonas Basin |
2Q22 Gas-fired Plants' Gross Generation
- 433 GWh²: Parnaíba I, Parnaíba III and Parnaíba IV TPPs directed to exports to Argentina
- 353 GWh: Parnaíba II TPP in compliance with its contractual inflexibility beginning in June
- 103 GWh: Jaguatirica II TPP for the Roraima Isolated System, which began commercial operation in 1H22
Notes: 1- Weighted average dispatch by unit installed capacity; 2- Equivalent to 415 GWh net generation sold to Argentina. | 5 |
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Eneva SA published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 14:14:08 UTC.