Company Presentation
October 2022
Eneva at-a-Glance
An Integrated energy company delivering diversified solutions to Brazil
1
RR
2 3 3 7
1 Azulão Complex | 2 Parnaíba Complex | ||
(NaturalGas,CondensateandOil) | (NaturalGas) | ||
Power Generation | Power Generation | ||
141MW | 950MW | 1.4GW | 0.5GW |
Operating | InstalledCapacity | Operating | InstalledCapacity |
Installed Capacity | tobeConstructed | Installed Capacity | UnderConstruction |
AMAZONAS
AMMA
CE
E&P | |
14.8 bcm | 5.4 bcm |
GasReserves(2P) | Gascontingentresources |
E&P | |
29.5 bcm | 2.1 bcm |
GasReserves(2P) | Gascontingent |
SOLIMÕES | PARNAÍBA | 6 |
4
BA
5
MS
PARANÁ
Total Portfolio
5.3 GW | 5.9 GW |
Power Generation Capacity(1) | Pipeline(2) |
Notes: (1) Includes Parnaiba V and VI TPPs, Azulão I TPP and Futura 1 photovoltaic plant, currently under construction, 1.6GW TPP Sergipe I and 0.3GW TPP CGTF (Termofortaleza); (2) Considers Futura 2 and 3 solar plants, 3.2GW of Celse and 0.4GW of Termofortaleza.
4.7MMbbl | (2C) |
4.0MMbbl | |
Condensate | |
Condensatecontingentresources | |
reserves (2P) | |
(2C) | |
7.0 MM bbl
Oilcontingentresources(2C)
3 Itaqui-Pecém II
(Coal)
0.7GW Tobephased-outuntil OperatingInstalled Capacity 2040
4 Futura Solar | 5 Paraná |
Complex | Basin |
(Solar) | |
(OnshoreBasin) | |
0.7GW | |
Installed Capacity | 11,544 km² |
UnderConstruction |
2.3GW Exploratoryconcessionarea Pipeline
Público
resources(2C) |
Gas Trading
600,000 m3/day
liquefaction capacity to be built in
the Complex
Long-term LNG supply contracts
secured
6 Celse | 7 CGTF |
(LNG)(Gas-Fired)
R$10bn | R$431mm |
TransactionEV | TransactionEV |
1.6GW | 327 MW |
Operating | |
Installed Capacity | |
Installed Capacity | |
3.2GW | 0.4GW |
Pipeline | Pipeline |
3
Eneva has a track record of growth and consistent over-delivery…
Where We Came From... | And How We Nailed It | ||||||||
(2017) | (2021) | ||||||||
Market Cap. | R$4.4bn | R$17.9bn | +309% | ||||||
December2017 | December2021 | ||||||||
Installed Capacity | 2.2GW | 3.7GW(1) | |||||||
+76% | |||||||||
Gas and Condensate | 18.8bcm | 44.3bcm(2) | |||||||
+136% | |||||||||
Reserves (2P) | 4.7 MM bbl Liquids | ||||||||
Gas, Oil and Condensate | 7.5 bcm Gas | ||||||||
Resources (2C) | 11.9 MM bbl Liquids | ||||||||
Adj. EBITDA & Margin(3) | R$1.4bn(4) | R$2.2bn | |||||||
+52% | |||||||||
39.3% | 42.2% | ||||||||
Cost of Debt | IPCA + 9.0% | IPCA + 3.8% | |||||||
(518bps) | |||||||||
ROE | 1.5% | 17.3% | |||||||
+15.8 p.p. | |||||||||
Capex Invested | R$5.3bn | ||||||||
(2017-2021) | |||||||||
EPS | R$ 0.46 | R$ 0.92 | +100% | ||||||
ENEV3 - ADTV | R$ 3.7mm/day | R$ 82.0mm/day | +2,143% | ||||||
Notes: (1) Includes the Parnaiba V and VI TPPs, Azulão I TPP and Futura 1 photovoltaic plant, currently under construction.; (2) Gaffney Cline & Associates Resports as of 12/31/2021 to Parnaíba basin and Reports as of
04/30/2022 to Amazonas basin; (3) Calculated in accordance with CVM Instruction 527/12 and its accompanying Explanatory Note. (4) Considers pro forma result with PECÉM II at 100%4
Público
Successful capital allocation over the past 5 years…
Unlevered Internal Rate of Return (IRR) of Projects
(in real terms)
Celse
Investment (5)
Complexo R$ 6.1 bi Azulão
(950MW)
LeveredIRR
25%
20%
2035b-NTNto | 15% | |||
Spread | 10% | |||
5% |
Parnaíba V | |||||||||||||||||||
Capex(1) | |||||||||||||||||||
R$ 1.5 bi | Parnaíba 6 | ||||||||||||||||||
Azulão | |||||||||||||||||||
Capex(1) | |||||||||||||||||||
Jaguatirica | R$ 0.6 bi | ||||||||||||||||||
Capex(1) | |||||||||||||||||||
R$ 2.2 bi | |||||||||||||||||||
Futura(3)
Capex(1,2)
R$ 2.9 bi |
LeveredIRR |
Capex(1)
R$ 5.8 bi
Termofortaleza(3)
Investment (6)
R$ 0.5 bi
Small Scale
LNG
Capex(1)
R$ 1.0 bi
0%
Dec-17
NTN-b 2035(4)
Dec-18 | Dec-19 | Aug-21 | Aug-22 |
Notes: (1) Estimated Capex; (2) Capex of Photovoltaic Plant Futura 1; (3) Includes Futura 1 and Trading; e (4) Brazilian Treasury Bond; (5) ) Acquisition value, levered Project; (6) Acquisition Value, unlevered Project | 5 |
Público
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Eneva SA published this content on 15 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2022 01:12:02 UTC.