Factsheet Enea CG

1. 58 thou. km2
of energy
distribution area
2.5 mln
Clients
15%
share
in energy
generation
installed
electrical capacity
5.2 GWe
The corporate strategy until 2030 will guarantee competitive advantage to Enea CG along
with the expected growth in value for shareholders and required development potential
Key ratios of Enea CG until 2025
Estimated capital expenditures of Enea CG during 2016-2030 [PLN mln, current prices]
CONSISTENT IMPLEMENTATION OF THE GOALS SET IN THE STRATEGY
STRENGTHENS THE GROUP’S MARKET POSITION
18%
share
in the fuel
coal market
413 mln tonnes
potential of 3 licensed areas
1.075 MWe
gross capacity
of the constructed
unit No.11
14%
share
in electricity
distribution market
13%
shares in sales
of electricity
to retail users
MISSION
Enea delivers constantly improved products and services, exceeding Customers’
expectations due to motivated teams working in a friendly,
safe and innovative organisation
VISION
Enea is a leading supplier of integrated raw materials and energy related products
and services and other innovative services for the wide range of Customers,
recognised for the quality, comprehensiveness and reliability
Return
on equity
(ROE)
10%
Installed
conventional
generation capacities
5.8 - 6.3 GW
Sales
of electricity
to end customers
20.1 TWh
SAIFI
Grid losses index
in distribution
5.9%
EBITDA growth
vs 2015
38%
Reduction
of fixed costs
PLN 700 mln
SAIDI
index
144 min
SAIFI
index
1.69
Return
on assets
(ROA)
5%
Share
of EBITDA from new,
innovative
strategic initiatives
5-10%
Area 2016-2025 2026-2030
Mining 3 712 2 080
Distribution 9 501 5 193
Generation 4 808 504
Other 403 153
CAPEX potential 1)
6 176 5 320
Increasing the investment potential 2)
3 200 2 500
Enea GK total 27 800 15 750
1)
CAPEX potential maintaining the net debt / EBITDA ratio on a safe level
2)
increasing the investment potential by PLN 5.7 billion as a result of the innovative initiatives

2. CONSISTENT IMPLEMENTATION OF THE GOALS SET IN THE STRATEGY
STRENGTHENS THE GROUP’S MARKET POSITION
Power Plants:
Kozienice, Połaniec
Białystok Heat and Power Plant,
MEC Piła, PEC Oborniki,
PEC Zachód6)
, MPEC Białystok7)
Wind Farms:
Bardy, Darżyno, Baczyna
21 Hydropower Plants
Biogas Power Plants:
Gorzesław, Liszkowo
Enea Operator
distribution network
LW Bogdanka
Lublin Coal Basin
Enea Group holds efficient and modernised generating capacity
3)
impact on EBIT: tangible assets impairment write-down in Q4 2015 PLN -1,501.6 million, in 2016 PLN -98.2 million; settlement of LTPPA in Q3 2015 PLN +293.1 million; provision in Q4 2016 related
to the estimation of the value of shares in Eco-Power sp. z o.o. PLN -129.0 million; provisions for the new Voluntary Redundancy Programme in the amount of PLN 53.6 million in Q4 2016
4)
impact on EBITDA: settlement of LTPPA in Q3 2015 PLN +293.1 million; provision in Q4 2016 related to the estimation of the value of shares in Eco-Power sp. z o.o. PLN -129.0 million;
provisions for the new Voluntary Redundancy Programme in the amount of PLN 53.6 million in Q4 2016
Generated financial results reflect the optimum use of Enea CG's resources
Capitalisation 5)
Volume of shares
Share price 5)
Rating
Ticker ENA PW
441 442 578
PLN 14.80
Fitch Ratings ”BBB”
PLN 6.5 billion
Shares
in indices 5)
WIG:
WIG30:
WIG-ENERG:
WIG-PL:
0.89%
1.30%
14.23%
0.94%
5)
as at 30 September 2017
Enea’s shares on WSE Enea SA’s shareholding structure
38.54%
9.96%
51.50%
State Treasury
Others
PZU TFI
[PLN mln]
EBIT
EBITDA
Net result
Net sales revenue
EBIT without one-offs 3)
2008
6 158
251
-
883
-
215
EBITDA without one-offs 4)
2009
7 154
506
-
1 167
-
514
2010
7 837
712
-
1 365
-
639
2011
9 709
846
-
1 529
-
794
2012
10 091
825
-
1 575
-
694
2013
9 151
906
-
1 668
-
723
2014
9 855
1 186
-
1 945
-
909
2015
9 848
-162
1 046
2 130
1 837
-399
2016
11 256
1 119
1 400
2 328
2 510
849
Q1-Q3 2016
8 304
949
-
1 829
-
721
Q1-Q3 2017
8 398
1 070
-
1 947
-
838
6)
as of 16 November 2017 Enea Ciepło Serwis sp. z o.o.
7)
as of 16 November 2017 Enea Serwis sp. z o.o.