Public Power S A : Q1 2024 Financial Results presentation

Financial Results Q1 2024

20th May 2024

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Q1 2024 results | May 2024

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Today's Presenters

Georgios		Konstantinos
Stassis		Alexandridis
Chairman & CEO		CFO

Q1 2024 results | May 2024

Agenda

Georgios Stassis

1

Highlights of the period & Outlook

Konstantinos Alexandridis

2

Financial performance

Georgios Stassis

3

Final Remarks and Conclusions

1. Appendix

Q1 2024 results | May 2024

Georgios Stassis

Chairman & CEO

1 Highlights of the period & Outlook

Q1 2024 results | May 2024

Key highlights of Q1 2024 performance

Operational	Investments	Renewables	Energy mix
Profitability

€0.46bn Recuring EBITDA	€0.5bn	4.7GW1 capacity	Lignite output
+ €0.18bn vs Q1 2023	as per planned investments	~70% of the residual capacity	down by 27% vs Q1 2023
	acceleration	needed for 2026 target secured
EBITDA uplift driven by	Increased investments in	2.8 GW Under Construction or	Gradual de-risking of our
higher distribution business	Distribution and RES &	RTB with a total 18GW RES	generation portfolio
contribution & acquisition	Romania contribution	portfolio gross pipeline
in Romania

1.. Including Large Hydro

Q1 2024 results | May 2024

6

Making PPC greener and de-risking operations

RES capacity (GW)1

+1.2

4.7

0.7

3.5

4.0

Q1 2023

Q1 2024

1. Including Large Hydro. 2. Scope 1 emissions divided by total electricity generation

Q1 2024 results | May 2024

RES & Distribution investments (€bn)

+123%

0.4

0.1

0.2

0.3

Q1 2023

Q1 2024

CO2 emission intensity (tons CO2/MWh) 2

-24%

0.65

0.50

Q1 2023

Q1 2024

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Digitalization of Distribution activities and performance improvement is a key priority

Reliability indices			Network
0.5	0.6				Customers (m)
		SAIFI
0.3	0.3
	(times)	10.9	10.9
24	26		SAIDI	7.8	7.7
20	18	(minutes)	3.1	3.2
Q1 2023	Q1 2024			Q1 2023	Q1 2024

Smart Meters penetration1	Energy share measured
via Smart Meters - AMI
				11%
		8%
42%	48%		44%	46%
	Q1 2023	Q1 2024	2023	Q1 20241
1. Latest estimate

Q1 2024 results | May 2024

Network Length (k km)

378	383
245	249
133	134
Q1 2023	Q1 2024

RES additions (MW)

267	185
70	60
Q1 2023	Q1 2024

• Consumed Energy which is telemetered through smart meters in Greece, is increasing as smart meters AMI progress.
• High penetration of Smart meters in Romania - Greece is expected to pick up pace soon with the wider roll out
• Normalization of RES stations integration especially in Greece following major growth in previous years
• More than 380,000 km of network length in both countries

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Market share reduction driven by rationalization of customer base in Greece and Romania

Electricity Sales evolution (TWh)

Customer base (m)

61%

51%

Q1 2024 Domestic Demand (TWh)

Greece (Country2)

Greece (Mainland3)

21%
16%	Market Share1
+11%
7.7	8.8	Gas
6.9	0.3	customers
1.9	2.9

	+2.2%
13.2	13.5

	+0.7%
12.4	12.4

				5.6
6.9		5.8					0.0
					5.6				5.6
Q1 2023	Q1 2024		Q1 2023	Q1 2024

1. Average retail market share for Q1 2024. Excluding Universal Service Supplier Customers. 2. For Greece: Mainland and Non Interconnected Islands based on

PPC estimation 3. For Greece: Mainland Based on IPTO's data for Greece. 4. For Romania: Based on Transelectrica data

Q1 2024 results | May 2024

Q1 2023	Q1 2024	Q1 2023	Q1 2024
Romania4	+1.9%
14.0	14.3
		Q1 2023	Q1 2024

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Focusing on customer experience enhancing our offering

Governing Principles

1	Target	• Focus on retention of high
	Segments	priority segments

2	Positioning	• Reposition and modernize
	Branding	PPC's brand

3	Channels and	•	Great omnichannel
	experience with improved
	Partnerships		digital & physical touch points

4	Customer	• Delight customers with unique
and tailored support
	Care	capabilities

Product		• Tailored solutions with
5 Offering/		increased customer lifetime
Pricing		value
	Q1 2024 results | May 2024

Market Share

• Churn
  Launches

Channels &

Loyalty

Transactional

NPS

VAS penetration & Base Health

Key Metrics Q1 2024

51%		Market Share		11.8%	Churn per segment
	6%	16%	4%		4.4%	3.8%	4.9%	5.2%
		Electricity		Gas		Low Value	Medium	High Value		Total
							Value

BrandSMEDigital

4 High Value	15	New
Renovated

Stores	Partners

	Transactional NPS		52	49	60	52	52	69			Call Center
		46	40	45
6	19					Stores
											E-contract
	2021	2022			2023			Q1 2024

Gas & VAS penetration			Penetration of bad debt customers
	5.5%	11.9%	13.3%	26%	20%	19%	18%	17%
2.4%
2021	2022	2023	Q1 2024		Mar-20Mar-21	Mar-22	Mar-23	Mar-24

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