Lima, July 26th, 2022.– Today, Enel Generación Perú S.A.A. published its financial and operating results for the first half of 2022.
“We maintain our line of growth at the end of the first semester. The demand recovery in the free and regulated markets has been a key factor throughout this period. We continue to focus on performing efficiently to accompany the country's economic activity and promote the development of the electricity sector”, emphasized Marco Fragale, Country Manager of Enel Perú.
MAIN FINANCIAL RESULTS
(Millions of Peruvian Soles)
|
H1 2022 |
H1 2021 |
% Variation |
REVENUE |
929 |
745 |
+24.8 % |
EBITDA |
512 |
438 |
+17.0 % |
NET INCOME |
365 |
282 |
+29.4 % |
DEBT WITH THIRD PARTIES |
249 |
112 |
+122.5 % |
CAPEX |
37 |
51 |
-27.9 % |
- REVENUE: increased due to a higher volume of energy sales (+3.8%), associated with higher demand from distributors in this period and a higher average sales price (+24.4%), due to the indexation of the prices of contracts with free and regulated customers.
- EBITDA: increased mainly due to higher income from energy sales and insurance compensation associated with a loss at the Santa Rosa thermal power plant (12 million soles). This increase offset the higher cost (+105%) of the purchase of energy, derived from the increase in the price in the spot market (+165%) and the increase in gas purchases given the greater thermal generation in this period, considering the increased demand for energy.
- NET INCOME: increased due to better operating and financial results. The latter includes higher dividends declared by the subsidiary Chinango, compared to the previous period and a tax refund associated with income tax for the year 2000. These results were partially mitigated by the increase in taxes due to a higher tax base.
- DEBT WITH THIRD PARTIES: increased by 137 million soles to cover an obligation arising from an arbitration with a third party in mid-2021. It is worth highlighting the company's low level of leverage at 0.1 times (debt/equity) as evidence of its financial strength.
- CAPEX: decreased by 14 million soles compared to the first half of 2021, in line with the maintenance activities of the investment plan.
MAIN OPERATING RESULTS
|
H1 2022 |
H1 2021 |
% Variation |
NET POWER GENERATION (GWh) |
3,190 |
3,234 |
-1.4 % |
ENERGY SALES (GWh) |
3,932 |
3,790 |
+3.8 % |
- NET POWER GENERATION (GWh): decreased by -7.4% mainly due to lower hydroelectric generation, which went from 1,877 GWh to 1,738 GWh in 2022. On the other hand, thermal generation increased by 7.0% compared to 2021, going from 1,356 GWh to 1,452 GWh in 2022, driven by a higher demand together with a lower availability of water resources in the country compared to the same period of the previous year.
- ENERGY SALES (GWh): increased by 3.8%, mainly due to higher demand from electricity distribution companies.
Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. From May 19th 2014 to June 30th 2015 Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by CONSOB with resolution No. 18852 of April 9th, 2014