Press releases pg. 3

Operating profit before depreciation and amortization (EBITDA) reached CZK 69.2 bn in the first half of the year, an increase of CZK 6.8 bn year-on-year. Net Profit reached CZK 21.1 bn, down CZK 1.2 bn year-on-year. The increase in EBITDA is mainly due to the end of the obligation to pay levies on excess revenues from generation in the Czech Republic, which burdened the costs of the first half of last year by CZK 11.1 bn. On the other hand, the main negative factors include lower profits from commodity trading and the impact of different nuclear unit outage schedules. CEZ Group raised its 2024 full-year EBITDA outlook to CZK 118 to 122 bn and confirmed its expected Net Profit, adjusted, of CZK 25 to 30 bn.

Evaluate and protect better are the principal goals of the voluntary cooperation agreement signed by CEZ Group with the Czech Union of Nature Conservationists (CUNC). In addition to conserving biodiversity, the agreement focuses on rescuing endangered wild animals in need, and raising public awareness of these topics. Within the framework of that cooperation, CEZ Group will make selected sites accessible for a detailed evaluation of biodiversity, and then incorporate recommendations from the NGO into the site care programme. The energy company will also incorporate the latest biodiversity insights into other on-going programmes, such as Tree Grant of the CEZ Foundation, which supports planting greenery in towns and cities.

The Czech Republic continues to bolster its energy self-sufficiency, by reducing the country’s energy-dependence on Russia. Today, a ceremony was held to commence construction on Germany’s first onshore LNG terminal for the processing and further transport of natural gas, situated near Hamburg, at the mouth of the River Elbe on the North Sea. Led by the Hanseatic Energy Hub consortium, the terminal will be commissioned in 2027. In cooperation with the government, ČEZ Group entered into contracts last year to secure a long-term annual capacity of 2 billion cubic metres at Stade.

The energy-saving measures that CEZ adopted in its offices in 2022, in response to the energy crisis, have worked: in more than a hundred administrative buildings that CEZ owns throughout the Czech Republic, heat consumption was reduced by 7% year on year. That accounts for nearly one-half of all the savings achieved in the last six years. Electricity consumption in the energy company’s offices has dropped by a full 23% since 2018. Thanks to the savings, the company is saving more than CZK 26 million per year in energy costs. CEZ Group will continue with energy-saving measures: for example, selected office buildings will be fitted with photovoltaic power plants over the course of the next few years.