Distributing energy for everyday life

Key figures

 

  FY 2022 FY 2021 2022
vs 2021
2022
vs 2019
 
EBITDA (€m) 669 532 +26% +28%
  • Excellent performance in the Caribbean and Africa
  • Adjusted for FX EBITDA +20% and EBIT +21%
EBIT (€m) 509 392 +30% +24%
NET INCOME (€m) 263 293 -10% -14%
  • Includes €40m goodwill impairment (Haïti) and €16m after tax costs related to the acquisition of Photosol
  • Double digit underlying earnings growth adjusted for non-recurring items and IFRS 2 (non-cash)
  • Steady increase in dividend per share
ADJ(1)   NET INCOME (€m) 326 293 +11% +9%(2)
ADJ(1)   EPS (€) 3.16 2.86 +10% +5%(2)
DIVIDEND (3)   PER SHARE (€) 1.92 1.86 +3% +10%
NET DEBT/EBITDA 2.0x 0.4x    
  • Net debt at €1,286m (2021: €438m)
  • Corporate net debt at €930m (2021: €438m)
  • 19% of capex - renewable energy investments and decarbonation
CORPORATE NET DEBT/EBITDA 1.5x 0.4x    
CAPEX (€m) 259 206    

 

(1) Net income adjusted for non-recurring items (goodwill impairment, Photosol acquisition, divestment of Rubis Terminal JV operations in Turkey and refinancing) and IFRS 2.
(2) Adjusted net income and adjusted EPS comparison 2022 vs 2019 excludes Rubis Terminal, on a like-for-like basis.
(3) Dividend per share to be proposed at the General Meeting on 8 June 2023.