RWE AG 21March 2023
FY 2022
Results
Markus Krebber, CEO
Michael Müller, CFO
Thomas Denny, Head of Investor Relations
21 Mar 2023 | FY results 2022 |
Disclaimer
This document contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management, and are based on information currently available to the management. Forward-looking statements shall not be construed as a promise for the materialisation of future results and developments and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company, and other factors. Neither the Company nor any of its affiliates assumes any obligations to update any forward-looking statements.
21 Mar 2023 | FY results 2022 | Page 2 |
Markus Krebber
Chief Executive Officer, RWE AG
1021 NovMar 20232 | 9MFY resultsresults20222022 | Page 3 |
Strong operating performance while weathering the energy crisis and delivering on green growth
Total Shareholder Return
RWE
STOXX Europe 600 utilities
FY
2020 - 2022
FY
202266%
18%12%
FY
2018 - 2022
188%
48%
- Financial targets exceeded with adj. EBITDA of €6.3bn and adj. net income of €3.2bn
- Continuous delivery of projects with commissioning of 2.4 GW of green capacity in 2022 and further 6.0 GW under construction
- Successful in offshore auctions in the US (3.9 GW) and the Netherlands (0.8 GW)
- Broadening strategic footprint with attractive acquisitions, adding 4.5 GW in operation and increasing pipeline by more than 16 GW
- Accelerated coal phaseout by 2030 creates the base for emissions reduction in line with 1.5°C compliant pathway
-8%
21 Mar 2023 | FY results 2022 | Page 4 |
Strong earnings across entire core business
Group EBITDA
in EUR m
Core business | |
Coal/Nuclear | FY 2022 |
6,310 | |
FY 2021
3,650
- Renewable earnings up on the back of green capacity additions, better wind conditions and favourable market prices
- Exceptional result from flexible generation portfolio driven by higher earnings from short-term power plant deployment and higher generation margins
5,559
2,761
889 | 751 |
- Flexible generation perfectly complemented wind and solar business, especially in Q4
- Outstanding trading result in dynamic market environment
21 Mar 2023 | FY results 2022 | Page 5 |
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RWE AG published this content on 21 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2023 06:10:05 UTC.
