Press releases pg. 3

Operating profit before depreciation and amortization (EBITDA) reached CZK 69.2 bn in the first half of the year, an increase of CZK 6.8 bn year-on-year. Net Profit reached CZK 21.1 bn, down CZK 1.2 bn year-on-year. The increase in EBITDA is mainly due to the end of the obligation to pay levies on excess revenues from generation in the Czech Republic, which burdened the costs of the first half of last year by CZK 11.1 bn. On the other hand, the main negative factors include lower profits from commodity trading and the impact of different nuclear unit outage schedules. CEZ Group raised its 2024 full-year EBITDA outlook to CZK 118 to 122 bn and confirmed its expected Net Profit, adjusted, of CZK 25 to 30 bn.

The energy-saving measures that CEZ adopted in its offices in 2022, in response to the energy crisis, have worked: in more than a hundred administrative buildings that CEZ owns throughout the Czech Republic, heat consumption was reduced by 7% year on year. That accounts for nearly one-half of all the savings achieved in the last six years. Electricity consumption in the energy company’s offices has dropped by a full 23% since 2018. Thanks to the savings, the company is saving more than CZK 26 million per year in energy costs. CEZ Group will continue with energy-saving measures: for example, selected office buildings will be fitted with photovoltaic power plants over the course of the next few years.

Operating earnings before depreciation and amortisation (EBITDA) in Q1 reached CZK 40.3 bn., which means year-on-year growth of CZK 7.8 bn. Net profit amounted to CZK 13.6 bn, CZK 2.7 bn. more year on year.
ČEZ Group confirmed its full-year outlook for 2024: EBITDA between CZK 115 and 120 bn. and an adjusted net profit between CZK 25 and 30 bn.

CEZ has negotiated another sustainability-linked loan – its third already – connected to ESG rating. The credit line provided by the CaixaBank branch operating in the Polish market amounts to CZK 2.5 billion. As in the case of the two previous credit agreements, if CEZ meets its decarbonisation commitments in the coming years, it will obtain a more favourable interest rate at draw-down, whereas if its ESG parameters deteriorate, its interest rate will jump up. In total, CEZ can draw up to CZK 13.5 bn from all three loans linked to ESG. In terms of sustainability, CEZ Group is currently among the top 13% best-rated publicly traded companies in the world.