NEWS 2024

Atlantica reports FY 2023 financial results

March 01, 2024
  • Net profit for 2023 attributable to the Company was $43.4 million, compared with a net loss of $5.4 million in 2022.
  • Adjusted EBITDA for 2023 was $794.9 million, meeting guidance and representing a 1.7%1 increase versus 2022 on a comparable basis.
  • Cash Available for distribution (“CAFD”) was within guidance at $235.7 million.
  • Continued progress on our development and construction activity with $175 to $220 million committed or earmarked for 2024 as of March 1 and a PPA signed with an investment grade utility for Overnight, a 150 MW PV project in California.
  • 12% increase in renewable generation pipeline versus 2022.
  • 2024 guidance initiated with Adjusted EBITDA in the range of $800 to $850 million and CAFD in the range of $220 million to $270 million.
  • Strategic Review ongoing.

Atlantica Sustainable Infrastructure plc (NASDAQ: AY) (“Atlantica” or the “Company” or “we”) today reported its financial results for the year 2023. Revenue for 2023 was $1,099.9 million, a 0.2% decrease compared with 2022. Adjusted EBITDA was $794.9 million, representing a 1.7%1 increase versus 2022 on a comparable basis and a 0.3% decrease compared to 2022. CAFD was $235.7 million in 2023, a 0.9% decrease compared with $237.9 million in 2022. CAFD per share2 was $2.03, a 2.1% decrease compared to 2022.

1 Excluding the impact of FX and of the unscheduled outage at Kaxu in 2023, net of insurance income related to this event.the year.
2 CAFD per share is calculated by dividing CAFD for the year by the weighted average number of shares for the year.

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About Atlantica

Atlantica Sustainable Infrastructure Ltd. is a sustainable infrastructure company that owns a diversified portfolio of contracted renewable energy, storage, efficient natural gas, electric transmission, and water assets in North America, Europe, and South America (atlantica.com).

Chief Financial Officer
Francisco Martinez-Davis
E

Investor Relations & Communication
Leire Perez
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T +44 203 807 67 09

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