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HYDRO
FACTS AND FIGURES 2019
ANDRITZ HYDRO GmbH
HYDRO / Facts and figures 20192
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ANDRITZ HYDRO 3
CONSOLIDATED BALANCE SHEET 4
CONSOLIDATED INCOME STATEMENT 5
CHANGES IN INTANGIBLE AND TANGIBLE ASSETS
6
CONSOLIDATED CASH FLOW STATEMENT
7
LIST OF CONSOLIDATED SUBSIDIARIES 8
COMPANY BOARDS AND DIVISIONS 9
ANDRITZ HYDRO – AROUND THE WORLD
10
Bhumibol, Thailand
HYDRO / Facts and figures 2019 3
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.
Today, geological, technical or legal restrictions can limit the eco-nomical operation of a hydropower plant. The digital Metris DiOMera platform, developed by ANDRITZ, offers a possible solution to reduce expenditures in parallel with the improvement of operation and increasing of results. A different approach is provided by HyBaTec, also developed by ANDRITZ. As a tailor-made hybrid solution, it is combining a battery storage system with generating unit sets. HyBaTec can reduce the mechan-ical stress of the units, extend the lifetime of the components and of-fers new possibilities to participate in the short-term energy market by providing higher flexibility.
The growing demand for “base load renewables”, the shut-down of conventional fossil-based generating units, and the increasing aging of the existing hydropower fleet are posing new challenges for the entire energy market. In parallel, the amount of volatile wind and solar plants is also increasing. New strategies for successful hydro asset management and operation for existing as well as new hydropower plants are needed.
Global investment and project activity for electro-mechanical equipment for hydropower plants continued at a moderate level during the first quarter of the year 2020. Many modernization and rehabilitation projects for hydropower stations have been postponed or stopped for the time being. Orders to supply equipment for new hydropower plants were selectively awarded. Solid project activity could be observed in the pumps sector.
ANDRITZ HydroANDRITZ Hydro is one of the globally leading suppliers of electro-mechanical equipment and services for hydropower plants. With over 175 years of experience and an installed fleet of more than 430 Gigawatt 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 as well as turbo generators are also part of this business area’s portfolio.
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 consolidated financial statements (according to IFRS) of the ANDRITZ Hydro companies owned directly by ANDRITZ HYDRO GmbH.
IN MILLION EUROS (ACCORDING TO IFRS)
Order intake
Sales
Order backlogas of December 31st
2018
1,445.8
2,667.9
1,517.5
2,661.0
1,350.2
1,470.7
2019
2017
1,583.1
2,921.8
1,317.2
HYDRO / Facts and figures 20194
Consolidated balance sheetas of December 31st, 2019ANDRITZ Hydro GROUP
(in TEUR) Dec 31st, 2019 Dec 31st, 2018Assets
Intangible assets 856 1,124
Goodwill 95,541 95,541
Property, plant and equipment 128,119 123,076
Shares in affiliated companies 207,073 207,630
Other Investments 65,670 95,677
Fixed and financial assets 497,259 523,048Other long-term receivables 9,433 11,539
Deferred tax assets 41,080 49,900
Non-current assets 547,772 584,487
Inventories 72,754 75,089
Advance payments made 15,755 13,612
Trade accounts receivable 174,127 177,627
Contract assets 236,701 233,522
Receivables from affiliated companies 507,094 383,926
Receivables for current taxes 10,369 9,570
Other receivables 143,743 119,373
Investments 94,791 174,740
Cash and cash equivalents 207,630 217,346
Assets held for sale 5,762 0
Current assets 1,468,726 1,404,805
Total assets 2,016,498 1,989,291
Shareholders’ equity and liabilitiesShare capital 1,000 1,000
Capital reserves 78,465 78,465
Retained earnings 233,534 200,964
Equity attributable to shareholders of the parent 312,999 280,429
Minority interests 137,669 142,320
Total shareholders’ equity 450,667 422,749
Bank loans 4,166 4,922
Lease liabilities 9,512 0
Provisions 127,643 157,939
Other liabilities 5,058 7,224
Liabilities for deferred taxes 17,445 10,535
Non-current liabilities 163,824 180,620
Bank loans 78,146 78,996
Lease liabilities 7,336 0
Trade accounts payable 86,517 94,050
Contract liabilities recognized overtime 205,295 247,993
Contract liabilities recognized at a point in time 38,234 41,590
Provisions 119,715 145,673
Liabilities for current taxes 2,133 16,655
Liabilities to affiliated companies 650,256 549,837
Other liabilities 214,375 211,128
Current liabilities 1,402,007 1,385,922
Total Shareholders’ equity and liabilities 2,016,498 1,989,291
HYDRO / Facts and figures 2019 5
(in TEUR) 1-12/2019 1-12/2018Sales 953,999 1,017,069Cost of goods sold -772,701 -817,961
Gross profit 181,298 199,108
Other operating income 9,144 35,728
Marketing and sales expenses -51,967 -55,368
Administration expenses -35,471 -39,326
Research and development expenses -16,936 -16,964
Other operating expenses -11,708 -14,405
Result from operating activities (EBIT) 74,360 108,773
Investment result 15,702 22,215
Interest result -144 2,045
Financial result 15,558 24,260
Earnings before taxes (EBT) 89,918 133,033
Income taxes -9,168 -29,355
Net income 80,749 103,678
Thereof attributable to:
Shareholders of the parent company 76,611 91,688
Non-controlling interest 4,138 11,990
Consolidated income statement 2019ANDRITZ Hydro GROUP
HYDRO / Facts and figures 20196
(in TEUR)Intangible
assets GoodwillLand and buildings
Technical equipment
and machinery
Other equipment,
factory and office
equipment
Assets in course of
construction and advance
payments made
Property, plant and
equipmentBalance as of December 31, 2017 9,602 103,873 83,077 120,819 52,410 2,268 258,574Additions 381 0 23,107 9,542 3,236 1,422 37,307
Disposals -1,027 0 627 1,118 -2,145 0 -400
Reclassification 0 0 291 1,142 493 -1,926 0
Currency translation adjustments -133 0 -767 -2,715 -1,268 0 -4,750
Balance as of December 31, 2018 8,823 103,873 106,335 129,906 52,726 1,764 290,731
Change in accounting policies 0 0 18,149 614 1,872 0 20,635
Additions 146 0 1,781 4,673 4,709 1,486 12,649
Disposals -126 0 -1,825 -1,079 -2,698 -3 -5,605
Reclassification 63 0 1,062 -517 1,029 -1,637 -63
Currency translation adjustments -6 0 340 553 -74 21 840Reclassification as held for sale 0 0 -2,786 -11,369 0 0 -14,155
Balance as of December 31, 2019 8,900 103,873 123,056 122,781 57,564 1,631 305,032
Changes in intangible and tangible assets 2019ANDRITZ Hydro GROUP
COSTS
Balance as of December 31, 2017 8,312 8,332 34,320 79,897 39,080 0 153,297Additions 521 0 2,910 9,952 3,842 0 16,704
Disposals -1,027 0 709 1,186 -1,866 0 29
Reclassification 0 0 0 0 0 0 0
Currency translation adjustments -106 0 119 -1,609 -885 0 -2,375
Balance as of December 31, 2018 7,700 8,332 38,058 89,426 40,171 0 167,655
Additions 452 0 6,813 8,283 5,044 0 20,140
Disposals -125 0 -195 -736 -2,441 0 -3,372
Reclassification 23 0 432 -559 104 0 -23
Currency translation adjustments -6 0 321 462 -9 0 774
Reclassification as held for sale 0 0 0 -8,260 0 0 -8,260
Balance as of December 31, 2019 8,044 8,332 45,429 88,616 42,869 0 176,914
ACCUMULATED DEPRECIATION
Balance as of December 31, 2018 1,123 95,541 68,277 40,480 12,555 1,764 123,076Balance as of December 31, 2019 856 95,541 77,627 34,165 14,695 1,631 128,119
NET BOOK VALUE
HYDRO / Facts and figures 2019 7
Consolidated cash flow statement 2019ANDRITZ Hydro GROUP
(in TEUR) 2019 2018Earnings before taxes (EBT) 89,918 133,032Depreciation, write-ups and amortization of fixed assets 20,592 17,225
Changes in non-current provisions -28,528 -69,377
Results from the disposal of fixed assets 147 -94
Result from disposal and revaluation of financial assets 1,923 -1,440
Taxes paid -14,825 -28,762
Gross cash flow 69,227 50,583
Changes in inventories 2,335 528
Changes in advance payments made -2,143 4,451
Changes in receivables, prepayments and deferred charges -23,164 -15,739
Changes in current provisions -25,958 -17,304
Changes in liabilities and deferred income -40,919 -115,510
Cash flow from operating activities -20,623 -92,991
Payments received for asset disposals 2,087 523
Payments made for investments in fixed tangible and intangible assets -12,795 -37,688
Payments made/received for investments in financial assets -1,359 19,415
Payments made/received from investments in loans against borrowers´ notes 0 20,000
Payments made/received for short-term financial investments 79,949 63,689
Cash flow from investing activities 67,881 65,939
Payments made to shareholders -52,389 -76,974
Changes in interest bearing receivables/borrowings -1,698 72,757
Cash flow from financing activities -54,087 -4,217
Change in cash and cash equivalents -6,828 -31,269
Change in cash and cash equivalents resulting from exchange rate fluctuations -2,888 -2,106
Cash and cash equivalents at the beginning of the period 217,346 250,721
Cash and cash equivalents at the end of the period 207,630 217,346
HYDRO / Facts and figures 20198
Ownership interestAffiliated companies Registered office Country direct indirect
Andritz Deutschland Beteiligungs GmbH Krefeld Germany 31%
ANDRITZ HYDRO GmbH Ravensburg Germany 31%
ANDRITZ HYDRO India Private Limited Mandideep India 85% 5%
PT. ANDRITZ HYDRO Jakarta Indonesia 51%
ANDRITZ HYDRO AG Kriens Switzerland 100%
ANDRITZ HYDRO AS Jevnaker Norway 100%
ANDRITZ HYDRO Beteiligungsholding GmbH Graz Austria 100%
ANDRITZ HYDRO Brasilien Beteiligungsges.mbH Graz Austria 100%
ANDRITZ HYDRO Ltda. Barueri Brazil 4% 96%
ANDRITZ CONSTRUÇÕES E MONTAGENS Ltda. Santana do Parnaíba Brazil 100%
ANDRITZ HYDRO Limitada Bogotá Colombia 100%
ANDRITZ HYDRO Ltd. Sti. Izmir Turkey 100%
ANDRITZ HYDRO S.A. de C.V. Morelia Mexico 100%
ANDRITZ HYDRO S.A.S Fontaine Cedex France 100%
ANDRITZ HYDRO S.r.l. Schio Italy 100%
ANDRIZT HYDRO S.L. Madrid Spain 100%
ANDRITZ HYDRO Hammerfest AS Hammerfest Norway 100%
ANDRITZ HYDRO Hammerfest (UK) Ltd. Glasgow Scotland 100%
ANDRITZ O&M Privat Ltd. New Delhi India 100%
List of consolidated subsidiariesANDRITZ Hydro GROUP
HYDRO / Facts and figures 2019 9
MANAGING BOARD• Dr. Harald Heber• Mag. Gerhard Kriegler
(since 01.01.2020)• Dipl.-Ing. Wolfgang Semper
SUPERVISORY BOARD• Dr. Wolfgang Leitner, Chairman• Heinz Norbert Nettesheim
(since 01.12.2019)• Dipl.-Ing. Friedrich Papst, Vice-Chairman
• Dipl.-Ing. Dr. Franz Strohmer (until 28.02.2019)
• Dipl.-Ing. Mark von Laer (until 30.11.2019)
• Jörg Taucher• Ing. Ole-Christian Wolff
Company boards and divisions
LARGE HYDRO COMPACT HYDRO
SERVICE & REHAB PUMPS
ANDRITZ HYDRO DIVISIONS
HYDRO / Facts and figures 201910
ANDRITZ HYDRO worldwide
More than
175 years’ experience in turbine design
More than
120 years’experience in electrical engineering
12 test benchesworldwide
More than
32,000 turbine units delivered
More than
430,000 MW of installed and modernized power capacity from ANDRITZ Hydro
65 locationsaround the world
Countries with ANDRITZ Hydro locations
Countries with ANDRITZ Hydro presence
HYDRO / Facts and figures 2019 11
12 test benchesworldwide
More than
32,000 turbine units delivered
4,278 TWh/year worldwide annual hydropower generation
15,800 TWh/year global hydropower potential
About
7,200 employees worldwide
20 manufacturing locations
Complete design range up to
800 MW
More than
100 Compact Hydro units per year
FIND YOUR LOCAL CONTACT
ANDRITZ HYDRO [email protected]
ANDRITZ.COM/HYDRO
AH.ZF2019.01.en.07.20
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. © 2019 ANDRITZ HYDRO GmbH, Eibesbrunnergasse 20, 1120 Vienna, Austria.