Financial information by segment (Tables)

3 Months Ended

Mar. 31, 2021

a)	The following tables show Revenue and Adjusted EBITDA by operating segments and business sectors for the three-month periods ended March 31, 2021 and 2020:

	Revenue				Adjusted EBITDA
	For the three-month period ended March 31,				For the three-month period ended March 31,
	($ in thousands)
Geography	2021		2020		2021		2020
North America		60,585		59,283		39,244		51,176
South America		38,308		35,654		29,943		28,422
EMEA		136,297		115,466		97,585		82,811
Total		235,190		210,403		166,772		162,409

	Revenue				Adjusted EBITDA
	For the three-month period ended March 31,				For the three-month period ended March 31,
	($ in thousands)
Business sector	2021		2020		2021		2020
Renewable energy		166,691		150,793		115,678		113,491
Efficient natural gas		28,408		26,403		22,318		23,540
Electric transmission lines		26,614		26,608		21,203		21,538
Water		13,477		6,599		7,573		3,840
Total		235,190		210,403		166,772		162,409

The reconciliation of segment Adjusted EBITDA with the profit/(loss) attributable to the Company is as follows:

	For the three-month period ended March 31, ($ in thousands)
	2021			2020
Profit/(Loss) attributable to the Company		(19,172	)		(40,511	)
Profit attributable to non-controlling interests		8,108			2,246
Profit from discontinued operations		(480	)		-
Income tax		14,487			(10,147	)
Share of (profits)/losses of associates		(960	)		668
Financial expense, net		81,247			100,534
Depreciation, amortization, and impairment charges		83,541			109,619
Total segment Adjusted EBITDA		166,772			162,409

b)	The assets and liabilities by operating segments (and business sector) as of March 31, 2021 and December 31, 2020 are as follows:

Assets and liabilities by geography as of March 31, 2021:

	North America		South America		EMEA		Balance as of March 31, 2021
	($ in thousands)
Assets allocated
Contracted concessional assets		3,060,267		1,239,466		3,687,446		7,987,180
Investments carried under the equity method		68,781		-		43,016		111,798
Current financial investments		125,719		27,734		43,300		196,753
Cash and cash equivalents (project companies)		224,960		88,615		310,368		623,943
Subtotal allocated		3,479,727		1,355,815		4,084,130		8,919,674
Unallocated assets
Other non-current assets								231,088
Assets held for sale								92,089
Other current assets (including cash and cash equivalents at holding company level)								735,798
Subtotal unallocated								1,058,975
Total assets								9,978,649

	North America		South America		EMEA		Balance as of March 31, 2021
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,634,887		922,444		2,642,886		5,200,217
Grants and other liabilities		1,059,358		11,233		129,094		1,199,685
Subtotal allocated		2,694,245		933,678		2,771,979		6,399,902
Unallocated liabilities
Long-term and short-term corporate debt								965,320
Other non-current liabilities								553,512
Liabilities directly associated with the assets held for sale								72,172
Other current liabilities								129,869
Subtotal unallocated								1,720,873
Total liabilities								8,120,775
Equity unallocated								1,857,874
Total liabilities and equity unallocated								3,578,747
Total liabilities and equity								9,978,649

Assets and liabilities by geography as of December 31, 2020:

	North America		South America		EMEA		Balance as of December 31, 2020
	($ in thousands)
Assets allocated
Contracted concessional assets		3,073,785		1,211,952		3,869,681		8,155,418
Investments carried under the equity method		74,660		-		41,954		116,614
Current financial investments		129,264		27,836		42,984		200,084
Cash and cash equivalents (project companies)		206,344		70,861		255,530		532,735
Subtotal allocated		3,484,053		1,310,649		4,210,149		9,004,851
Unallocated assets
Other non-current assets								242,044
Other current assets (including cash and cash equivalents at holding company level)								691,459
Subtotal unallocated								933,503
Total assets								9,938,354

	North America		South America		EMEA		Balance as of December 31, 2020
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,623,284		902,500		2,711,830		5,237,614
Grants and other liabilities		1,078,974		11,355		139,438		1,229,767
Subtotal allocated		2,702,258		913,855		2,851,268		6,467,381
Unallocated liabilities
Long-term and short-term corporate debt								993,725
Other non-current liabilities								589,107
Other current liabilities								147,260
Subtotal unallocated								1,730,092
Total liabilities								8,197,473
Equity unallocated								1,740,881
Total liabilities and equity unallocated								3,470,973
Total liabilities and equity								9,938,354

Assets and liabilities by business sector as of March 31, 2021:

	Renewable energy		Efficient natural gas		Electric transmission lines		Water		Balance as of March 31, 2021
	($ in thousands)
Assets allocated
Contracted concessional assets		6,467,135		510,325		833,527		176,193		7,987,180
Investments carried under the equity method		57,970		13,502		-		40,325		111,798
Current financial investments		2,709		125,550		27,672		40,822		196,753
Cash and cash equivalents (project companies)		446,747		92,661		61,076		23,459		623,943
Subtotal allocated		6,974,561		742,038		922,275		280,799		8,919,674
Unallocated assets
Other non-current assets										231,088
Assets held for sale										92,089
Other current assets (including cash and cash equivalents at holding company level)										735,798
Subtotal unallocated										1,058,975
Total assets										9,978,649

	Renewable energy		Efficient natural gas		Electric transmission lines		Water		Balance as of March 31, 2021
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		3,960,327		497,904		630,960		111,026		5,200,217
Grants and other liabilities		1,191,307		100		5,882		2,396		1,199,685
Subtotal allocated		5,151,635		498,005		636,842		113,422		6,399,902
Unallocated liabilities
Long-term and short-term corporate debt										965,320
Other non-current liabilities										553,512
Liabilities directly associated with the assets held for sale										72,172
Other current liabilities										129,869
Subtotal unallocated										1,720,873
Total liabilities										8,120,775
Equity unallocated										1,857,874
Total liabilities and equity unallocated										3,578,747
Total liabilities and equity										9,978,649

Assets and liabilities by business sector as of December 31, 2020:

	Renewable energy		Efficient natural gas		Electric transmission lines		Water		Balance as of December 31, 2020
	($ in thousands)
Assets allocated
Contracted concessional assets		6,632,611		502,285		842,595		177,927		8,155,418
Investments carried under the equity method		61,866		15,514		30		39,204		116,614
Current financial investments		6,530		124,872		27,796		40,886		200,084
Cash and cash equivalents (project companies)		397,465		67,955		46,045		21,270		532,735
Subtotal allocated		7,098,472		710,626		916,466		279,287		9,004,851
Unallocated assets
Other non-current assets										242,044
Other current assets (including cash and cash equivalents at holding company level)										691,459
Subtotal unallocated										933,503
Total assets										9,938,354

	Renewable energy		Efficient natural gas		Electric transmission lines		Water		Balance as of December 31, 2020
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		3,992,512		504,293		625,203		115,606		5,237,614
Grants and other liabilities		1,221,176		108		6,040		2,443		1,229,767
Subtotal allocated		5,213,688		504,401		631,243		118,049		6,467,381
Unallocated liabilities
Long-term and short-term corporate debt										993,725
Other non-current liabilities										589,107
Other current liabilities										147,260
Subtotal unallocated										1,730,092
Total liabilities										8,197,473
Equity unallocated										1,740,881
Total liabilities and equity unallocated										3,470,973
Total liabilities and equity										9,938,354

c)	The amount of depreciation, amortization and impairment charges recognized for the three-month periods ended March 31, 2021 and 2020 are as follows:

	For the three-month period ended March 31,
Depreciation, amortization and impairment by geography	2021			2020
	($ in thousands)
North America		(12,627	)		(57,121	)
South America		(13,811	)		(15,572	)
EMEA		(57,103	)		(36,927	)
Total		(83,541	)		(109,619	)

	For the three-month period ended March 31,
Depreciation, amortization and impairment by business sectors	2021			2020
	($ in thousands)
Renewable energy		(93,571	)		(71,613	)
Efficient natural gas		17,357			(26,202	)
Electric transmission lines		(7,749	)		(10,457	)
Water		422			(1,348	)
Total		(83,541	)		(109,619	)