Corporate Presentation

Public Power Corporation (PPC) Corporate Presentation summary

Event summary combining transcript, slides, and related documents.

Corporate Presentation summary

6 Jun, 2025

Achieved #1 market position in Greece and Romania for generation, supply, and distribution, with 8.8 million customers and 12.4GW installed capacity, 50% from renewables.
Overdelivered on profitability: 2024 Adj. EBITDA reached €1.8bn, €0.5bn above target, with significant investments in RES and distribution.
Phased out 1.2GW of lignite, added 2.8GW of RES, and increased RES share in capacity mix from 33% to 50%.
Distribution EBITDA doubled, RAB grew by €2bn to €4.9bn, and customer mix improved with focus on high-value segments.
Achieved a 32% reduction in CO₂ emission intensity (2024 vs 2020) and set SBTi-verified net-zero targets for 2040.

Focus on expanding renewables, modernizing grids, and building flexible generation assets to support energy transition in SEE.
Integrated model provides a natural hedge against market volatility, leveraging a large customer base and diversified generation.
On track to secure ~65% of 2027 RES target capacity, with a robust pipeline and minimized execution risk.
Lignite to be fully phased out by 2026, with an 80% reduction in Scope 1 CO₂ emissions by 2027 vs 2019.
Retail strategy centers on customer centricity, value-added services, and leveraging Kotsovolos synergies to increase VAS penetration from 19% (2024E) to 40% (2027E).

Adj. EBITDA targeted to exceed €2.7bn by 2027 (14% CAGR 2024E-2027E), mainly driven by renewables and distribution growth.
Net income expected to surpass €0.8bn by 2027, with EPS and DPS CAGRs of 35% and 41% (2023-2027E), respectively.
Capex plan of €10.1bn (2025-2027), with 51% allocated to RES and 27% to distribution; 94% of investments growth-focused.
Dividend per share commitment of €1 by 2027, supported by strong earnings and cash flow generation.
Net leverage to remain below 3.5x, targeting investment grade metrics by 2027-2030, with ample liquidity and stable credit ratings.

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