Transcript About Axpo

About Axpo
For Swiss Chamber of Commerce in Romania
Axpo Energy Romania S.A
Axpo at a glance
Local roots and a European profile
• Swiss energy company owned by the
cantons of north-eastern Switzerland
• Operates in over 20 countries
everywhere in Europe
• Active along the entire value chain
 Electricity production
 Electricity distribution
 Energy trading/natural gas business
 Electricity sales and services
• In 2014, Axpo celebrates its 100th-year
anniversary
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For the sixth time in a row Axpo achieved top
ranks in the «Energy & Commodity Rankings».
About Axpo | Axpo Energy Romania S.A
Power plant fleet in Switzerland
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About Axpo | Axpo Energy Romania S.A
Selection of current projects
Separate emergency power supply at Beznau
nuclear plant
Linthal 2015 pumped-storage plant
Global Tech 1
Trans Adriatic Pipeline
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About Axpo | Axpo Energy Romania S.A
Owned by the cantons
14%
3%
EKZ
18%
18%
14%
83%
AEW
SAK Holding
EKT Holding
14%
13%
12%
75%
8%
EKS
25%
2%
1%
Axpo Holding AG: wholly owned by the public sector
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About Axpo | Axpo Energy Romania S.A
Key figures for the Axpo Group
12/13 business year (1.10.2012 – 30.9.2013)
Revenues
CHF 7,020 million
EBI
CHF 312 million
Net profit
CHF 213 million
Free cash flow
CHF 335 million
Equity ratio
44.3%
Employees
4,355 persons
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About Axpo | Axpo Energy Romania S.A
European profile
Energy trading and electricity production abroad
Locations
Trading regions
Central Europe
Italy
Iberia
Northern Europe and the Balkans
United Kingdom and Ireland
South-eastern Europe
Electricity assets*
Hydropower
Nuclear power
Gas-fired combined cycle power plants
Wind power
New energies
Supply contracts
Transport infrastructure
Natural gas assets
Supply contracts
*) including indirect holding
Status in 2012
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About Axpo | Axpo Energy Romania S.A
Proprietary Trading | Traded products
Electricity
Green Certificates
CO2
Coal
Oil
Gas
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About Axpo | Axpo Energy Romania S.A
Natural Gas Business
Ensuring infrastructure, transport and trading
• Axpo is active in the areas of
procurement, cross-border transport and
storage, wholesaling, as well as sales to
large customers.
• Axpo ensures the competitive fuel supply
of its gas-fired combined-cycle power
plants in Italy and is further expanding its
customer base in various markets.
• Axpo is also investing in transport and
infrastructure projects for natural gas,
namely planning of the Trans Adriatic
Pipeline (TAP).
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About Axpo | Axpo Energy Romania S.A
Natural Gas Business
Trans Adriatic Pipeline (TAP)
• New corridor to supply Western
Europe with natural gas from
the Caspian region and the
Middle East.
Italy
• Axpo joint venture project with
Statoil (NO) and E.ON Ruhrgas
(DE)
Albania
Greece
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• Yearly capacity: 10 billion m3;
potential can be doubled
About Axpo | Axpo Energy Romania S.A
Natural Gas Business
Integration in value chain
Natural gas
Erdgas
Natural
gas
Erdgas
Natural
gas
Natural gas
Upstream &
production
Import, investment
in infrastructure
Wholesale,
portfolio management
Distribution &
sales
Strom
Power
Strom
Power
Strom
Power
Production & long-term
procurement
Transport &
trading
Distribution &
sales
Natural gas
for
power
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Origination at Axpo
• Development of individually structured products and services
tailored to client needs
• For large consumers as well as producers
• Commodities: electricity, CO2, green certificates and natural gas
• Numerous origination offices in all of Europe
• Portfolio management & services for local, regional, national and
pan-European companies
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Market Trading Activities Axpo Group
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About Axpo | Axpo Energy Romania S.A
About Axpo Energy Romania S.A. and
the South Eastern Europe Region (SEE)
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About Axpo | Axpo Energy Romania S.A
Business and offering
• professional risk management tools for customers
• customized products and win-win solutions
• management of 7 000 MW wind park portfolio in
Spain
• management of a wind park portfolio of 350 MW in
Romania
• Axpo is offering 15 years Power Purchase
Agreements (PPAs) in Northern Europe
• Axpo is taking price risks and is hedging these
price risks to the benefit of the customer
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About Axpo | Axpo Energy Romania S.A
SEE Region
Interests of Axpo in the SEE region
= Axpo
with local
presence
• Region with mid and long-term growth potential
(e.g. Turkey real GDP growth +2.2% in 2012; Bulgaria +1.7%)
• Axpo with strong presence in SEE key countries
• Cross-border trading increased (i.e. CBT of electricity) but
decreasing spreads due to the fact that Europe becomes a
“copper plate”
• Further focus on domestic sales & origination activities to mitigate
exposure to CBT
Vienna
• Still illiquid market region for trading electricity and gas due to lack
of connectivity (further initiatives like ENTSO-E required)
Hungary
Austria
Budapest
Romania
Slovenia
Ljubljana
• On the electricity side the market is already connected via subsea
cable GR-IT
Zagreb
Croatia
BosniaHerzegovina
Belgrade
Bucharest
Sarajevo
Italy
• Additional initiatives required to create an integrated SEE gas
market
Sofia
Bulgaria
Serbia
Ploce
Montenegro
Podgorica
Skopje
Rome
Tirana
FYROM
Turkey
Fier
Komotini
Thessaloniki
Brindisi
Albania
Greece
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• The Southern Gas Corridor and TAP create new gas opportunities
for the whole SEE region
SEE Region
Activities of Axpo in the SEE region
Country
Local
Presence
Power Power
Gas
Power
RES &
CBT & Originati
incl.
Carbon
retail
Green
Trade
on
LNG
Serbia
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Croatia
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Bosnia &
Herzegovina
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Montenegro
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Albania
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Kosovo
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Macedonia
(FYRO)
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Romania
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Bulgaria
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Greece
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Turkey
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 = legal entity, external service providers
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Thank you for your attention.
Axpo Energy Romania S.A.
79-81 Popa Savu Street | RO - 011432, Bucharest, Sector 1
T +40 21 230 33 23 | F +40 21 230 33 35 | www.axpo.com