EVN (EVN) Company Presentation summary

Integrated business model and operations

• Operates across generation (renewable 925 MW, thermal 623 MW), networks, trade, supply, and environmental services in Austria and Southeast Europe.

• Serves 3.6m electricity, 0.3m gas, 0.1m heating, and 0.6m drinking water customers.

• Foreign energy business includes Bulgaria and North Macedonia, with selected activities in Germany, Croatia, and Albania.

Financial performance and outlook

• FY 2023/24 revenue: EUR 3,256.6m; EBITDA: EUR 799.4m; group net result: EUR 426.2m.

• FY 2024/25 group net result expected between EUR 400m and EUR 440m.

• Q1 2024/25 saw declines in revenue and earnings due to lower renewable prices and higher procurement costs.

• Ambitious annual Capex of ~EUR 900m until 2030, mainly in networks, renewables, and water supply.

• Solid balance sheet with net debt at EUR 1,300.9m and equity ratio of 61.8% as of 31.12.2024.

Strategic priorities and growth drivers

• Core strategies to 2030: enable renewables, expand networks, digital offerings, circular economy, and reliable water supply.

• Targeting 770 MW wind and 300 MWp PV installed by 2030, with strong project pipeline.

• Network capacity in Lower Austria to double to 6,000 MW by 2030, supported by EUR 3bn Capex.

• Focus on smart grids, digitalisation, and sector integration (e.g., battery storage, hydrogen projects).

• International project business includes possible sale of WTE Wassertechnik to STRABAG.