Atlantica reports third quarter 2021 financial results

November 10, 2021

• Revenue for the first nine months of 2021 increased by 22.3% year-over-year up to $940.4 million, and an increase of 8.4% year-over-year on a comparable basis¹.
• Adjusted EBITDA including unconsolidated affiliates was $634.1 million for the first nine months of 2021, a 2.1% year-over-year increase.
• Net loss for the first nine months of 2021 attributable to the Company was $18.2 million, compared with a net profit of $61.2 million for the first nine months of 2020.
• Operating cash flow for the first nine months of 2021 was $441.9 million, compared with an operating cash flow of $303.2 million for the first nine months of 2020.
• Cash available for distribution (“CAFD”) increased by 12.9% year-over-year up to $168.5 million for the first nine months of 2021.
• Quarterly dividend of $0.435 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 2021. Revenue was $940.4 million, a 22.3% increase compared with the first nine months of 2020. On a comparable basis1, the increase in revenue was 8.4%. Adjusted EBITDA including unconsolidated affiliates increased by 2.1% up to $634.1 million. Growth in revenue and Adjusted EBITDA including unconsolidated affiliates, resulted mainly from the recent investments in new assets, higher production in our renewable energy business and foreign exchange differences, and was partially offset by an accounting adjustment with no cash impact in the current period caused by higher electricity market prices in Spain. Cash Available for Distribution was $168.5 million, a 12.9% increase compared with $149.2 million in the first nine months of 2020. CAFD per share² was $1.52, a 3.6% increase compared to the same period of the previous year.

¹ Revenue for the first nine months of 2021 on a constant currency basis and adjusted for the consolidation of a non-recurrent Rioglass solar project was $833.2 million.
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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