Performance Indicators at a Glance
Financial and Non-Financial Indicators for the Uniper Group
January 1-June 30 | Unit | 2021 | 2020 | 2019 | 2018 | 2017 |
Power purchases and owned | ||||||
generation | Billion kWh | 233.4 | 268.8 | 318.7 | 359.4 | 376.7 |
Electricity sales | Billion kWh | 231.8 | 266.6 | 316.5 | 358.3 | 375.6 |
Gas volume sold | Billion kWh | 1,158.8 | 1,137.6 | 1,105.2 | 1,027.8 | 994.8 |
Direct fuel-derived carbon | ||||||
emissions | Million t CO2 | 24.5 | 20.6 | N/A | N/A | N/A |
Sales | € in millions | 41,447 | 19,977 | 33,736 | 35,968 | 37,305 |
Adjusted EBIT¹ | € in millions | 580 | 691 | 308 | 601 | 930 |
For informational purposes: | ||||||
Adjusted EBITDA¹ | € in millions | 900 | 1,012 | 657 | 940 | 1,253 |
Net income/loss | € in millions | -20 | 677 | 921 | -522 | 1,057 |
Earnings per share² ³ | € | -0.18 | 1.75 | 2.40 | -1.49 | 2.64 |
Cash provided by operating activities | ||||||
(operating cash flow) | € in millions | 346 | 288 | -322 | 465 | 1,407 |
Adjusted net income4 | € in millions | 485 | 527 | 189 | N/A | N/A |
Investments | € in millions | 341 | 279 | 240 | 244 | 294 |
Growth | € in millions | 186 | 175 | 145 | 154 | 192 |
Maintenance and replacement | € in millions | 154 | 104 | 94 | 90 | 102 |
Economic net debt5 6 | € in millions | 3,164 | 3,050 | 2,650 | 2,509 | 2,445 |
Employees as of the reporting date5 | 11,773 | 11,751 | 11,532 | 11,780 | 12,180 |
¹Adjusted for non-operating effects.
²Basis: outstanding shares as of reporting date. ³For the respective fiscal year.
4Adjusted net income is used as a management indicator for the entire Group for the first time beginning in 2020. The figure for 2019 is disclosed solely for informational purposes to provide year-over-year comparability. 5Figures as of June 30, 2021; comparative figures as of December 31 of each year.
6The line item "Margining receivables" contains additional securities beginning on 30 June 2021. Economic net debt as of December 31, 2020, has been adjusted for consistency. Additional information on this topic can be found in the Financial Condition section of the Interim Report.
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External Sales Revenues
European Generation | Global Commodities | Russian Power Generation | Administration/Consolidation | Total |
€45,473 million
45,47341,447 €41,447 million
€7,266 million
7,266
€470 million | -€11,761 million | ||||||||
470 | -11,761 | ||||||||
Adjusted EBIT
European Generation | Global Commodities | Russian Power Generation | Administration/Consolidation | Total |
€580 million |
580 |
€501 million |
501 |
€272 million |
272 |
€111 million |
111 |
-€304 million |
-304 |
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Contents
Interim Management Report | 5 |
Business Model of the Group | 5 |
Business Report | 5 |
Industry Environment | 5 |
Business Performance | 8 |
Earnings | 13 |
Financial Condition | 21 |
Assets | 24 |
Human Resources | 25 |
Risk and Chances Report | 26 |
Forecast Report | 29 |
Non-Financial Information | 31 |
Review Report | 33 |
Condensed Consolidated Interim Financial Statements | 34 |
Consolidated Statement of Income | 34 |
Consolidated Statement of Recognized Income and Expenses | 35 |
Consolidated Balance Sheet | 36 |
Consolidated Statement of Cash Flows | 37 |
Statement of Changes in Equity | 38 |
Notes to the Condensed Consolidated Interim Financial Statements | 39 |
Declaration of the Management Board | 60 |
Additional Indicators | 61 |
Financial Calendar | 63 |
Only the German version of this Interim Report is legally binding.
Uniper applies commercial rounding. Any rounding differences existing between individual amounts and totals are accepted.
This Interim Report, and especially the Forecast Report section, contains certain forward-looking statements that are based on current assumptions and forecasts made by Uniper SE management and on other information currently available to Uniper SE management. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial condition, development or performance of the Company to differ materially from that anticipated in the estimates given here. Risks and chances of this nature include, but are not limited to, the risks specifically described in the Risk and Chances Report.
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Interim Management Report
Adjusted EBIT lower year over year; carbon hedging transactions cause earnings to be shifted towards the end of the fiscal year
Adjusted net income below prior-year period
Higher economic net debt as result of dividend payment with offsetting development of pensions and asset retirement obligations
Confirmation of full-year earnings forecast for 2021, which was raised in the first quarter of 2021
Business Model of the Group
Uniper is an international energy company with operations in more than 40 countries and with 11,773 em- ployees. Its business is the secure provision of energy and related services in an increasingly decarbonizing environment. The parent company of the Uniper Group is Uniper SE; the corporate headquarters are in Düs- seldorf, Germany. The majority shareholder of Uniper SE, with an indirect interest of more than 75 %, is For- tum Oyj, Espoo, Finland ("Fortum"). As a separate listed group, Uniper publishes its quarterly statements, its half-year interim financial statements, and its consolidated annual financial statements, all of which are also included in Fortum's respective consolidated financial statements. The majority shareholder of Fortum is the Republic of Finland.
The shares of Uniper SE are traded on the Frankfurt Stock Exchange's regulated market in its subsegment with additional post-admission obligations (the "Prime Standard") and are included in the MDAX and various MSCI equity indices.
The Uniper Group is composed of three operating business segments: European Generation, Global Com- modities, and Russian Power Generation. Combined separately under Administration/Consolidation are administrative functions that are performed centrally across segments, as well as the consolidations required to be carried out at Group level.
Business Report
Industry Environment
Energy Policy and Regulatory Environment
In April 2021, the European Parliament and the Council of the European Union reached agreement on the European Climate Law. The overriding objective of this law is to achieve climate neutrality at European level by 2050. A new target has been set for 2030 to reduce net emissions by at least 55 % compared with levels in 1990. On July 14, 2021, the European Commission published several legislative proposals to implement the EU's climate protection targets for 2030. They included, among other things, proposals on the EU Emissions Trading System and the Renewable Energy Directive, as well as in the areas of energy efficiency and energy taxation. The proposals are currently undergoing the legislative process between the European Par- liament, the European Commission and the EU member states, and are likely to be adopted in the coming years.
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Uniper SE published this content on 11 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2021 05:35:02 UTC.