Atlantica reports Q1 2023 financial results

May 05, 2023

• Revenue for the first quarter of 2023 reached $242.5 million, a 1.5% increase year-overyear on a comparable basis1 and a 2.0% decrease year-over-year.
• Adjusted EBITDA was $174.2 million for the first quarter of 2023, a 4.0% increase yearover-year on a comparable basis1 and a 0.3% increase year-over-year.
• Net loss for the first quarter of 2023 attributable to the Company was $11.0 million, compared with a net loss of $12.0 million in the first quarter of 2022.
• Cash available for distribution (“CAFD”) increased by 12.1% year-over-year up to $61.0 million in the first quarter of 2023 and by 4.6% on a comparable basis².
• Quarterly dividend of $0.445 per share approved by the Board of Directors.

Atlantica Sustainable Infrastructure plc (NASDAQ: AY) (“Atlantica” or the “Company”) today reported its financial results for the first quarter of 2023. Revenue for the first quarter of 2023 was $242.5 million, a 2.0% decrease compared with the first quarter of 2022. On a comparable basis¹, revenue increased by 1.5%. Adjusted EBITDA was $174.2 million, a 0.3% increase compared to the first quarter of 2022 and a 4.0% increase on a comparable basis¹. CAFD was $61.0 million, a 12.1% rise compared with $54.4 million in the first quarter of 2022 and includes $4.1 million from the sale of part of our equity interest in our development company in Colombia to a partner. Without this impact, CAFD increased by 4.6% in the first quarter of 2023 compared to the same quarter of the previous year. CAFD per share³ was $0.53, an 8.9% increase compared to the same period of the previous year and a 1.5% increase without the effect of the sale previously described.

¹ Compared with the first quarter of 2022 on a constant currency basis.
² Compared to Q1 2022, excluding $4.1 million from the sale of part of our equity interest in our development company in Colombia to a partner in Q1 2023.
³ Compared to Q1 2022, excluding $4.1 million from the sale of part of our equity interest in our development company in Colombia to a partner in Q1 2023.

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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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