Press releases pg. 53

ČEZ Group has acquired onshore wind power projects in France with a potential overall installed capacity of up to 116 MW. CEZ France SAS has acquired power plants in advanced stages of development from ABO Wind, a respected developer for renewable energies. ABO Wind has secured a guaranteed feed-in remuneration over a period of 15 years. At present, ČEZ is preparing the construction of wind power plants in France with a total installed power of over 215 MW. The first turbines should begin delivering environmentally-friendly electricity to the grid this year.

INVEN CAPITAL, CEZ Group’s investment fund that seeks opportunities in the new energy sector, is entering the Israeli start-up market. The Driivz platform, which is used by 300,000 drivers worldwide, offers an end-to-end electric vehicle (EV) charging infrastructure management solution. It is the fund’s eighth overall investment into the ‘new energy’ sector.

In December 2018 the ČEZ Group acquired wind turbine projects in Germany with a total potential installed capacity of 190 MW.

CEZ Group’s Operating Revenues for the first three quarters of 2018 reached CZK 129.3 billion, with EBITDA reaching CZK 38.7 billion and Net Income at CZK 9.1 billion. Net Income less extraordinary items that generally do not pertain to the ordinary business of the financial year reached CZK 11.3 billion. The year-on-year change of the income generated for the first three quarters was significantly influenced by nearly CZK 7 billion in one-off revenues in 2017, due in particular to the sale of MOL’s shares. In terms of its expected results for the whole year, CEZ Group has specified its expected EBITDA at CZK 50-51 billion and has increased its outlook for Net Income less extraordinary items to CZK 13-14 billion.