Grupo EPM's revenues in the first quarter of 2021 were 5.6 trillion, with a growth of 18%

This Grupo EPM release was published using machine translation.

Medellín, April 27, 2021 | Grupo EPM had a positive performance in the first quarter of 2021, despite the challenges imposed by the coronavirus (COVID-19) and the global economic situation, obtaining revenues of $ 5.6 trillion, representing a growth of 18% with respect to the same period of the previous year.

As of March 2021, the EPM Group had a net profit of $ 856 billion, thanks to a better result of the commercial operation, as a result of the increase in power generation, given the high water inputs and the reserves in the reservoirs. For this period, the Group's Ebitda was $ 1.7 trillion, the Ebitda margin was 31% and the net profit margin was 15%.

Grupo EPM is an important engine in the development of the territories in which it is present, with the higher purpose of contributing to the harmony of life for a better world. In the first quarter of 2021, a year still marked by the impacts of the pandemic, the business group generated Distributed Added Value for $ 3.2 trillion, which means a contribution to the recovery and revitalization of the economy and the generation of employment.

EPM Matrix remains solid

The results obtained by EPM Parent Company in the first quarter of 2021 are also very positive. In this period, the Company achieved revenues of $ 2.5 billion, with a growth of 7% compared to the previous year. Its Ebitda was $ 1.5 trillion and its net profit of $ 598 billion.

In its contribution to the development of the Antioquia capital and the well-being of its inhabitants, which is reflected in social, educational, cultural, environmental and sports programs, surpluses were caused to the Municipality of Medellín for $ 1.4 billion, equivalent to 55% of the 2020 net profit. Of these resources, $ 300 billion has already been paid.

Financial situation of Grupo EPM

Total assets: $ 64.7 trillion, with a growth of 1%.

Liabilities: $ 38.4 billion, with a growth of 5%.

Equity: $ 26.3 billion, with a decrease of 3%.

Investments in infrastructure: $ 701 billion.

Financial situation of EPM Parent Company

Total assets: $ 53.3 billion, with a growth of 0%.

Liabilities: $ 28.4 trillion, with a growth of 5%.

Equity: $ 24.9 billion, with a decrease of 5%.

Investments in infrastructure: $ 511 billion, of these $ 257 billion correspond to the Ituango Hydroelectric Project.

Grupo EPM financial indicators

Financial indebtedness: both for Grupo and EPM Parent Company was 42%.

Debt / Ebitda Indicator: in Grupo EPM this indicator closed at 4.4 as of March 31, 2021, compared to 3.80 in March 2020. In EPM Parent Company it was 5.7, compared to 4.90 in March 2020. Discounting the available cash reserve, the Net Debt / Ebitda indicator was 3.5 for the EPM Group and 5.1 for the EPM Parent Company.