Atlantica reports Q3 2022 financial results

November 09, 2022

• Revenue for the first nine months of 2022 reached $858.4 million, a 4.9% increase yearover-year on a comparable basis1 and an 8.7% decrease year-over-year.
• Adjusted EBITDA was $630.6 million for the first nine months of 2022, a 4.3% increase year-over-year on a comparable basis1 and a 0.6% decrease year-over-year.
• Net loss for the first nine months of 2022 attributable to the Company was $9.5 million, compared with a net loss of $18.2 million in the first nine months of 2021.
• Net cash provided by operating activities for the first nine months of 2022 was $515.7 million, a 16.7% increase compared with $441.9 million in the first nine months of 2021.
• Cash available for distribution (“CAFD”) increased by 6.2% year-over-year up to $179.0 million in the first nine months of 2022.
• Quarterly dividend of $0.445 per share approved by the Board of Directors.
• Close to $150 million in new equity investments committed, including the Company’s first standalone battery storage project.

Atlantica Sustainable Infrastructure plc (NASDAQ: AY) (“Atlantica” or the “Company”) today reported its financial results for the first nine months of 2022. Revenue for the first nine months of 2022 was $858.4 million, an 8.7% decrease compared with the first nine months of 2021 and a 4.9% increase on a comparable basis1. Adjusted EBITDA was $630.6 million, a 0.6% decrease compared to the first nine months of 2021 and a 4.3% increase on a comparable basis¹. Net cash provided by operating activities reached $515.7 million in the first nine months of 2022, a 16.7% increase compared to the first nine months of 2021. CAFD was $179.0 million, a 6.2% increase compared with $168.5 million in the first nine months of 2021. CAFD per share² was $1.57, a 3.0% increase compared to the same period of the previous year.

¹ Compared to the nine-month period ended September 30, 2021, on a constant currency basis and adjusted for the consolidation of a non-recurrent Rioglass solar project in the nine-month period ended September 30, 2021.
² CAFD per share is calculated by dividing CAFD for the period by the weighted average number of shares for the period.

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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
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Investor Relations & Communication
Leire Perez
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