Good start to the year for Grupo EPM, its revenues in the first quarter were $7.3 billion

This Grupo EPM release was published using machine translation.

Medellín, Tuesday, April 26, 2022 | Grupo EPM's revenues amounted to 7.3 trillion pesos in the first quarter of 2022, which represents a growth of 31% compared to the same period of 2021, thanks to higher energy sales and higher consumption of electricity services. electricity, gas and water, product of the economic reactivation.

“The good figures we achieved at the start of the year are the result of better market conditions, after the most challenging days of the pandemic. Although we had a 35% growth in energy distribution, with better prices than the previous year, the responsible management of costs and expenses of the Organization were fundamental in closing the financial year of the first quarter of 2022”, he highlighted. Jorge Andrés Carrillo Cardoso, general manager of EPM.

Between January and March of this year, Grupo EPM's EBITDA was 2.3 trillion pesos, with a growth of 33% compared to the same period in 2021. In the first quarter, Grupo EPM's net income was 1, 2 billion pesos with a growth of 46% compared to the same period in 2021.

The Ebitda margin was 32% and the net profit margin was 17%, these profit margins were higher by 1 and 2 percentage points, respectively, compared to the first quarter of 2021. These good results also included the growth of 13% in energy generation, benefited by the high water contributions of the prolonged rainy season, which made it possible to increase sales of energy on the stock market at a better price and higher long-term sales and in the non-regulated market. In addition, a 27% increase in gas consumption in the regulated market and in sales to thermal plants.

Of the companies that are part of the EPM Group, with a presence in Colombia, Chile, El Salvador, Guatemala, Mexico and Panama, parent EPM contributed 41% of the 7.3 trillion pesos in revenue for the first quarter of 2022. It was followed the national subsidiaries of energy and water with 32% and the international subsidiaries with 27%.

Matrix EPM results

Parent EPM, headquartered in Medellin, had revenues of 3.1 billion pesos, with a growth of 21%. For the period of the financial year, the EBITDA of EPM parent company was 1.4 trillion pesos, growing 20% compared to the same period of the previous year, and with a margin of 45%.

The net income of EPM parent company amounted to 1.1 trillion pesos, with a growth of 81% in relation to the same period of the previous year, and with a margin of 35%.

This net income contains the result of the subsidiary companies, through the equity participation method, for 325 thousand million pesos, that is, the subsidiaries contributed 30% of the result of the parent EPM.

EPM caused surpluses to the municipality of Medellín for about 1.9 billion pesos, equivalent to 55% of the net profit of 2021. Of this figure, 323 billion pesos have already been paid. These resources are an important contribution of EPM to the quality of life of the people of Medellin and the development of the capital of Antioquia.

The EPM Group is the engine of development in the regions where it has a presence, being an important actor in the revitalization of the economy, the quality of life for the community and the creation of value for the different interest groups. "Between January and March, our business group generated Distributed Added Value of 3.5 trillion pesos, with a growth of 8%, contributing to the transformation of millions of lives," said Jorge Andrés Carrillo Cardoso, general manager of EPM.

In figures

Financial situation of the EPM Group

Total assets: 68 billion pesos, with a growth of 0.3%.

Liabilities: 40.5 billion pesos, with a growth of 4%.

Equity: 27.5 billion pesos, with a decrease of 4%.

Investments in infrastructure: 853 billion pesos.

Financial situation of parent company EPM

Total assets: 56.4 billion pesos, with a growth of 1%.

Liabilities: 29.5 billion pesos, with a 6% growth.

Equity: 27 billion pesos, with a decrease of 4%.

Investments in infrastructure: 625 billion pesos, of which 374 billion pesos correspond to Hidroituango.

Financial indicators of Grupo EPM

Financial indebtedness: for Grupo EPM it was 41% and for EPM parent company it was 40%.

Debt/Ebitda indicator: in the EPM Group this indicator closed at 3.14, compared to 4.36 for 2021. In EPM Headquarters it stood at 4.25, compared to 5.7 for the same cut of the previous year.