Atlantica reports Q3 2024 financial results

November 14, 2024

• Revenue for the first nine months of 2024 reached $918.7 million, a 7.0% increase yearover-year compared with $858.6 million in the first nine months of 2023.
• Adjusted EBITDA was $657.5 million, a 4.8% increase compared with $627.3 million in the first nine months of 2023.
• Net profit for the first nine months of 2024 attributable to the Company was $32.7 million, compared with a net profit of $46.1 million in the first nine months of 2023.
• Acquisition by Energy Capital Partners and co-investors remains on track to close December 12, 2024.
• Quarterly dividend of $0.2225 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 nine months of 2024. Revenue for the first nine months of 2024 was $918.7 million, representing a 7.0% increase compared with the first nine months of 2023. Adjusted EBITDA was $657.5 million, a 4.8% increase compared with $627.3 million in the first nine months of 2023. In the nine-month period ended on September 30, 2024, operating expenses include $5.7 million costs related to the Transaction. Without these costs, our Adjusted EBITDA for the nine-month period ended on September 30, 2024 would have been $663.2 million, a 5.7% increase compared with the same period of the previous year.

Operating Cash Flow was $311.8 million, a 6.6% decrease compared with $333.8 million in the first nine months of 2023. CAFD was $176.9 million, a 4.0% decrease compared with $184.2 million in the first nine months of 2023. CAFD per share1 was $1.52, a 3.9% decrease compared with $1.59 in the same period of the previous year.

CAFD per share is calculated by dividing CAFD for the period by the weighted average number of shares for the period.

As announced by the Company on November 4, 2024, the pending acquisition of the Company by Energy Capital Partners and a group of co-investors (the “Transaction”) is expected to close on December 12, 2024.

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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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