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Atlantica Sustainable Infrastructure plc(AY) - 2020 Q4 - Earnings Call Transcript
2021-03-01 16:42
Financial Data and Key Metrics Changes - Revenue for 2020 reached $1,013 million, stable compared to the previous year, while adjusted EBITDA decreased by 3.1% to $796 million [6] - Cash Available for Distribution (CAFD) increased by close to 6% year-over-year to $201 million, with an additional $216 million generated from one-off cash through project refinancings [6][7] - Operating cash flow for 2020 was $438 million, showing a 21% increase compared to 2019 [9] Performance by Business Line - In North America, revenue remained stable at $331 million, with EBITDA decreasing due to higher operating expenses at solar assets [7] - South America saw revenue and EBITDA increase by 7% and 4% respectively, driven by higher production from wind assets and contributions from recently acquired assets [7] - The water sector experienced revenue and EBITDA growth due to the consolidation of a new desalination plant [8] Market Data and Key Metrics Changes - Electricity produced by renewable assets reached 3,244 gigawatt hours in 2020, a slight increase from 2019 [8] - High availability levels were maintained in transmission lines and water sectors, around 100% [8] Company Strategy and Development Direction - The company plans to initiate 2021 CAFD target guidance in the range of $220 million to $240 million, with mid-term CAFD per share growth targets set at 5% to 8% [5][16] - Significant investments are planned for 2021, including $280 million in new equity investments and acquisitions of renewable energy assets [5][13] - The company aims to invest approximately $300 million annually in the mid-term, focusing on organic growth, partnerships, and third-party acquisitions [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding growth prospects for 2021, with a strong visibility on organic growth opportunities [22][24] - The company has received top ESG ratings, indicating a commitment to sustainability and corporate governance [12] Other Important Information - The company closed 2020 with net corporate debt of $659 million, maintaining a net corporate debt to CAFD pre-corporate debt service ratio of 3x [10] - Total liquidity available for new investments exceeds $750 million, including cash on hand and revolving credit facilities [11] Q&A Session Summary Question: Visibility on targets for 2022 and 2023 - Management indicated high visibility on organic growth opportunities for 2021 and expressed optimism for 2022 and 2023, although third-party acquisitions remain less defined at this stage [22][24] Question: Clarity on organic growth and development with partners - Management confirmed that organic growth and partnerships represent a significant portion of their growth strategy, with expectations to provide more details in upcoming quarters [24][25]
Atlantica Sustainable Infrastructure plc(AY) - 2020 Q3 - Earnings Call Transcript
2020-11-06 18:55
Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Q3 2020 Earnings Conference Call November 6, 2020 8:30 AM ET Company Participants Santiago Seage - Chief Executive Officer Francisco Martinez-Davis - Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith - Bank of America David Quezada - Raymond James Angie Storozynski - Seaport Global Operator Welcome to the Atlantica's Third Quarter 2020 Financial Results Conference Call. Atlantica is a sustainable infrastructure company that owns ...
Atlantica Sustainable Infrastructure plc(AY) - 2020 Q2 - Earnings Call Transcript
2020-08-03 16:50
Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Q2 2020 Earnings Conference Call August 3, 2020 8:15 AM ET Company Participants Santiago Seage - Chief Executive Officer Francisco Martinez-Davis - Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith - Bank of America Merrill Lynch David Quezada - Raymond James Ltd. Operator Welcome to Atlantica’s Second Quarter 2020 Financial Results Conference Call. Atlantica is a sustainable infrastructure company that owns a diversified portfoli ...
Atlantica Sustainable Infrastructure plc(AY) - 2019 Q4 - Earnings Call Transcript
2020-02-28 04:08
Atlantica Yield PLC (NASDAQ:AY) Q4 2019 Earnings Conference Call February 27, 2020 4:30 PM ET Company Participants Santiago Seage - CEO & Director Francisco Davis - CFO Conference Call Participants Praful Mehta - Citi David Quezada - Raymond James Stephen Byrd - Morgan Stanley Operator Welcome to Atlantica's Fourth Quarter 2019 Financial Results Conference Call. Atlantica is a sustainable infrastructure company that owns a diversified portfolio of contracted renewable energy, power generation, electric tra ...
Atlantica Sustainable Infrastructure plc(AY) - 2019 Q4 - Annual Report
2020-02-27 22:39
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20509 Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...