ANDRITZ HYDRO Facts and Figures 2020

HYDRO FACTS AND FIGURES 2020 ANDRITZ HYDRO GMBH

ENGINEERED SUCCESS

ANDRITZ HYDRO

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CONSOL IDATED BALANCE SHEET

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CONSOL IDATED INCOME STATEMENT

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CHANGES IN INTANGIBLE AND TANGIBLE ASSETS

6

CONSOL IDATED CASH FLOW STATEMENT

7

L IST OF CONSOLIDATED SUBSIDIARIES

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COMPANY BOARDS AND DIVISIONS

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ANDRITZ HYDRO – AROUND THE WORLD

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2 ENGINEERED SUCCESS

HYDRO / Facts and figures 2020

ANDRITZ Hydro ANDRITZ Hydro is one of the globally leading suppliers of electro-mechanical equipment and services for hydropower plants. With over 180 years of experience and an installed fleet of more than 470 GW output, the business area provides complete solutions for hydropower plants of all sizes as well as services for plant diagnosis, refurbishment, modernization and upgrade of existing hydropower assets. Pumps for irrigation, water supply, and flood control are also part of the business area’s portfolio.

The global COVID-19 pandemic has had a strong impact on all investments and project activ- ities. Therefore, the demand for electro-mechanical equipment and services for hydropower plants in the year 2020 was still at a very moderate level and comparable with the year 2019. A power sector dominated by renewable resources is fundamen- tal for the global energy transition. However, this change presents a

challenge for transmission system operators (TSOs) to provide a stable, reliable, and secure network. ANDRITZ is one of the leading global suppliers of pumped storage technology. As a hybrid solution in combination with wind and/or solar, it offers a perfect opportunity to balance the grids. An additional possibility to compensate the volatile impact inside the electrical grids are the application of syn- chronous condensers.

A further new solution to reduce operational expenditures while increasing revenues is the digital Metris DiOMera platform, developed by ANDRITZ. The tailor-made hybrid solution HyBaTec (a combination of a hydropower unit and a battery storage system) offers also new opportunities to reduce costs and increase revenues.

IN MILLION EUROS (ACCORDING TO IFRS)

Order intake

1,445.8

2,667.9

Sales

1.335.4

2018

Order backlog as of December 31 st

1,517.5

2020

The key figures shown on the left refer to the Hydro business area of the ANDRITZ GROUP, and the figures provided on the following pages refer to the consoli- dated financial statements (according to IFRS) of the ANDRITZ Hydro companies owned directly by ANDRITZ HYDRO GmbH.

1,350.2

2,661.0

2,587.9

2019

1,296.0

1,470.7

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HYDRO / Facts and figures 2020

Consolidated balance sheet as of December 31 st , 2020 ANDRITZ Hydro GROUP

Dec 31 st , 2020

Dec 31 st , 2019

(in TEUR) Assets

Intangible assets

717

856

Goodwill

95,541 110,656 206,825 449,420 11,938 49,464 510,822 65,839 12,471 176,556 233,837 363,187 141,724 194,387 161,898 3,295 35,681

95,541 128,119 207,073 65,670 497,259

Property, plant and equipment Shares in affiliated companies

Other investments

Fixed and financial assets Other receivables and assets

9,433

Deferred tax assets Non-current assets

41,080 547,772

Inventories

72,754 15,755 174,127 236,701 507,094 10,369 143,743

Advance payments made Trade accounts receivable

Contract assets

Receivables from affiliated companies

Receivables for current taxes Other receivables and assets

Investments

94,791

Cash and cash equivalents

207,630

Assets held for sale

198

5,762

Current assets

1,353,391

1,468,726

1,864,214

2,016,498

Total assets

Shareholders’ equity and liabilities Share capital

1,000 78,465 202,146 281,611

1,000 78,465 233,534 312,999

Capital reserves Retained earnings

Equity attributable to shareholders of the parent

Minority interests

134,456

137,669

Total shareholders’ equity

416,068

450,667

Bank loans

3,212 12,941

4,166 9,512

Lease liabilities

Provisions

116,783 2,240 14,367 149,544 52,613 2,795 87,794 126,681 30,552 128,495

127,643 5,058 17,445 163,824

Other liabilities

Liabilities for deferred taxes

Non-current liabilities

Bank loans

78,146

Lease liabilities

7,336

Trade accounts payable

86,517

Contract liabilities recognized overtime

205,295 38,234

Contract liabilities recognized at a point in time

Provisions

119,715

Liabilities for current taxes

4,880

2,133

Liabilities to affiliated companies

662,136 202,656

650,256 214,375

Other liabilities Current liabilities

1,298,602

1,402,007

Total shareholders’ equity and liabilities

1,864,214

2,016,498

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HYDRO / Facts and figures 2020

Consolidated income statement 2020 ANDRITZ Hydro GROUP

1-12/2020

1-12/2019

(in TEUR)

Sales

840,307 -699,986 140,321

953,999 -772,701 181,298

Cost of goods sold

Gross profit

Other operating income

4,360

9,144

Marketing and sales expenses

-45,331 -23,801 -14,595 -30,125 30,829

-51,967 -35,471 -16,936 -11,708 74,360

Administration expenses

Research and development expenses

Other operating expenses

Result from operating activities (EBIT)

Investment result Interest result Financial result

6,518

15,702

-1,022 5,496

-144

15,558

Earnings before taxes (EBT)

36,325

89,918

Income taxes Net income

-9,058 27,266

-9,168 80,749

Thereof attributable to: Shareholders of the parent company

24,108

76,611 4,138

Non-controlling interest

3,158

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HYDRO / Facts and figures 2020

Changes in intangible and tangible assets 2020 ANDRITZ Hydro GROUP

COSTS

Assets in course of

Other equipment, factory and office equipment

Technical equipment and machinery*

construction and advance payments made

Property, plant and equipment

Intangible assets *

Land and buildings

Goodwill

(in TEUR)

Balance as of December 31, 2018* Change in accounting policies

9,348 103,873

106,335

147,122

52,726 1,872 4,709 -2,698

1,764

307,947 20,635 12,649 -5,605

0

0 0 0 0 0 0 0 0 0 0 0

18,149

614

0

Additions Disposals

146

1,781

4,673 -1,079

1,486

-126

-1,825

-3

Reclassification

63 -6

1,062

-517 553

1,029

-1,637

-63 840

Currency translation adjustments Reclassification as held for sale Balance as of December 31, 2019*

340

-74

21

0

-2,786 123,056

-11,369 139,997 4,284 -1,546

0

0

-14,155 322,248

9,425

103,873

57,564 2,644 -3,566

1,631 2,287

Additions Disposals

237 -89

5,392

14,607 -8,187

-3,035

-40

Reclassification

49

486

727

393

-1,655

-49

Currency translation adjustments Reclassification as held for sale Balance as of December 31, 2020

-477

-8,218 2,086 119,767

-8,310

-3,401

-77

-20,006

0

3,291

0

0

5,377

9,145

103,873

138,443

53,634

2,146

313,990

ACCUMULATED DEPRECIATION

Balance as at 31 December 2018*

8,225

8,332

38,058

106,642

40,171 5,044 -2,441

0 184,871

Additions Disposals

452 -125

0 0 0 0 0 0 0 0 0 0

6,813 -195

8,283 -736 -559

0 0 0 0 0 0 0 0 0 0

20,140 -3,372

Reclassification

23 -6

432 321

104

-23 774

Currency translation adjustments Reclassification as held for sale Balance as at 31 December 2019*

462

-9

0

0

-8,260 105,832

0

-8,260

8,569

8,332

45,429

42,869

0 194,130

Additions Disposals

383 -89

6,711 -853

9,016

4,613

20,340 -3,486

-84

-2,549

Reclassification

0

0

0

0

0

Currency translation adjustments Reclassification as held for sale Balance as of December 31, 2020

-435

-1,156

-5,918

-2,536

-9,610

0

0

1,962

0

1,962

8,428

8,332

50,131

110,808

42,397

0 203,336

NET BOOK VALUE

856

95,541 95,541

128,118 110,655

Balance as of December 31, 2019 Balance as of December 31, 2020

77,627 69,636

34,165 27,635

14,695 11,237

1,631 2,146

717

*) Prior year adjusted.

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HYDRO / Facts and figures 2020

Cash flow statement 2020 ANDRITZ Hydro GROUP

2020

2019

(in TEUR)

Earnings before taxes (EBT)

36,325 20,723 -4,212

89,918 20,592 -28,528

Depreciation, write-ups and amortization of fixed assets

Changes in non-current provisions Results from the disposal of fixed assets

156 797

147

Result from disposal and revaluation of financial assets

1,923

Taxes paid

-5,747 48,041

-14,825

Gross cash flow

69,227

Changes in inventories

6,914 3,284 16,154 8,780

2,335 -2,143 -23,164 -25,958 -40,919 -20,623

Changes in advance payments made

Changes in receivables, prepayments and deferred charges

Changes in current provisions

Changes in liabilities and deferred income Cash flow from operating activities

-125,629 -42,456

Payments received for asset disposals

4,545

2,087

Payments made for investments in fixed tangible and intangible assets Payments made/received for investments in financial assets Payments made/received from investments in loans against borrowers´ notes

-14,844

-12,795 -1,359

-560

30,000 -99,596 -80,454

0

Payments made/received for short-term financial investments

79,949 67,881

Cash flow from investing activities

Payments made to shareholders

-41,416 131,681 90,265

-52,389

Changes in interest bearing receivables/borrowings

-1,698

Cash flow from financing activities

-54,087

Change in cash and cash equivalents

-32,646

-6,828

Change in cash and cash equivalents resulting from exchange rate fluctuations

-13,086 207,630 161,898

-2,888 217,346 207,630

Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period

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HYDRO / Facts and figures 2020

List of consolidated subsidiaries ANDRITZ Hydro GROUP

ownership interest

Affiliated companies

Registered office

Country Germany Germany

direct

indirect

Andritz Deutschland Beteiligungs GmbH

Krefeld

31%

ANDRITZ HYDRO GmbH

Ravensburg Mandideep

31%

ANDRITZ HYDRO India Private Limited

India

85% 51%

5%

PT. ANDRITZ HYDRO ANDRITZ HYDRO AG ANDRITZ HYDRO AS

Jakarta

Indonesia

Kriens

Switzerland

100% 100% 100%

Jevnaker

Norway Austria Austria

ANDRITZ HYDRO Beteiligungsholding GmbH ANDRITZ HYDRO Brasilien Beteiligungsges.mbH

Graz Graz

100%

ANDRITZ HYDRO Ltda.

Barueri

Brazil Brazil

4%

96%

ANDRITZ CONSTRUÇÕES E MONTAGENS Ltda.

Santana do Parnaíba

100% 100% 100% 100% 100% 100% 100% 100%

ANDRITZ HYDRO Limitada ANDRITZ HYDRO Ltd. Sti. ANDRITZ HYDRO S.A. de C.V.

Bogotá

Colombia

Izmir

Turkey Mexico France

Morelia

ANDRITZ HYDRO S.A.S ANDRITZ HYDRO S.r.l. ANDRITZ HYDRO S.L.

Fontaine Cedex

Schio

Italy

Madrid

Spain

ANDRITZ HYDRO Hammerfest AS

Hammerfest

Norway

ANDRITZ HYDRO Hammerfest (UK) Ltd.

Glasgow New Delhi

Scotland

100%

ANDRITZ O&M Privat Ltd.

India

100%

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HYDRO / Facts and figures 2020

Company boards and divisions

SUPERVISORY BOARD • Dr. Wolfgang Leitner, Chairman • Dkfm. Heinz Norbert Nettesheim • Dipl.-Ing. Friedrich Papst, Vice-Chairman

MANAGING BOARD • Dr. Harald Heber • Mag. Gerhard Kriegler • Dipl.-Ing. Wolfgang Semper

• Mag. Martin Schöberl (since March 1, 2020) • Jörg Taucher • Ing. Manfred Werjant (since November 1, 2020) • Ing. Ole-Christian Wolff (until October 31, 2020)

ANDRITZ HYDRO DIVISIONS

LARGE HYDRO

COMPACT HYDRO

PUMPS

SERVICE & REHAB

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HYDRO / Facts and figures 2020

ANDRITZ HYDRO worldwide

12 test benches worldwide

More than 180 years’

experience in turbine design

More than 125 years’ experience in electrical engineering

More than 471,000 MW of installed and modernized power capacity from ANDRITZ Hydro

More than 31,900 turbine units delivered

65 locations around the world

Countries with ANDRITZ Hydro locations Countries with ANDRITZ Hydro presence

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HYDRO / Facts and figures 2020

4,278 TWh/year worldwide annual hydropower generation

More than 100 Compact Hydro units per year

About 7,000 employees worldwide

20 manufacturing locations

Complete design range up to 800 MW

15,800 TWh/year global hydropower potential

find your local contact

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HYDRO / Facts and figures 2020

ANDRITZ HYDRO GmbH contact-hydro@andritz.com

https://www.linkedin.com/showcase/andritz-hydro

ANDRITZ.COM/HYDRO https://www.andritz.com/hydro-en

All data, information, statements, photographs and graphic illustrations in this brochure are without any obligation and raise no liabilities to or form part of any sales contracts of ANDRITZ GROUP or any affiliates for equipment and/or systems referred to herein. All rights reserved. No part of this copyrighted work may be reproduced, modified or distributed in any form or by any means, or stored in any database or retrieval system without the prior written permission of ANDRITZ HYDRO GmbH or its affiliates. Any such unauthorized use for any purpose is a violation of the relevant copyright laws. © 2021 ANDRITZ HYDRO GmbH, Eibesbrunnergasse 20, 1120 Vienna, Austria.

AH.ZF2020.01.en.07.21