Financial information by segment (Tables)

3 Months Ended

Mar. 31, 2022

a)	The following tables show Revenue and Adjusted EBITDA by operating segments and business sectors for the three-month periods ended March 31, 2022 and 2021:

	Revenue				Adjusted EBITDA
	For the three-month period ended March 31,				For the three-month period ended March 31,
	($ in thousands)
Geography	2022		2021		2022		2021
North America		74,304		60,585		58,266		40,287
South America		38,528		38,308		29,129		29,943
EMEA		134,620		169,285		86,231		101,019
Total		247,452		268,178		173,626		171,249

	Revenue				Adjusted EBITDA
	For the three-month period ended March 31,				For the three-month period ended March 31,
	($ in thousands)
Business sector	2022		2021		2022		2021
Renewable energy		182,101		199,679		122,223		117,036
Efficient natural gas & heat		25,327		28,408		21,699		23,182
Transmission lines		26,620		26,614		20,523		21,203
Water		13,404		13,477		9,181		9,828
Total		247,452		268,178		173,626		171,249

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

	For the three-month period ended March 31, ($ in thousands)
	2022			2021
Loss attributable to the Company		(12,042	)		(19,172	)
Profit attributable to non-controlling interests		2,200			8,108
Income tax		(3,906	)		15,241
Financial expense, net		80,467			81,192
Depreciation, amortization, and impairment charges		100,925			83,541
Depreciation and amortization, financial expense and income tax expense of unconsolidated affiliates (pro rata of Atlantica’s equity ownership)		5,982			2,339
Total segment Adjusted EBITDA		173,626			171,249

b)	The assets and liabilities by operating segments (and business sector) as of March 31, 2022 and December 31, 2021 are as follows:

Assets and liabilities by geography as of March 31, 2022:

	North America		South America		EMEA		Balance as of March 31, 2022
	($ in thousands)
Assets allocated
Contracted concessional assets		3,317,648		1,257,673		3,356,561		7,931,882
Investments carried under the equity method		243,043		-		41,986		285,029
Current financial investments		116,125		28,554		41,237		185,916
Cash and cash equivalents (project companies)		183,006		96,186		345,953		625,145
Subtotal allocated		3,859,822		1,382,413		3,785,737		9,027,972
Unallocated assets
Other non-current assets								277,989
Other current assets (including cash and cash equivalents at holding company level)								449,507
Subtotal unallocated								727,496
Total assets								9,755,468

	North America		South America		EMEA		Balance as of March 31, 2022
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,799,441		873,713		2,363,853		5,037,007
Grants and other liabilities		1,033,773		15,577		202,228		1,251,578
Subtotal allocated		2,833,214		889,290		2,566,081		6,288,585
Unallocated liabilities
Long-term and short-term corporate debt								1,056,145
Other non-current liabilities								453,940
Other current liabilities								154,302
Subtotal unallocated								1,664,387
Total liabilities								7,952,972
Equity unallocated								1,802,496
Total liabilities and equity unallocated								3,466,883
Total liabilities and equity								9,755,468

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

	North America		South America		EMEA		Balance as of December 31, 2021
	($ in thousands)
Assets allocated
Contracted concessional assets		3,355,669		1,231,276		3,434,623		8,021,568
Investments carried under the equity method		253,221		-		41,360		294,581
Current financial investments		135,224		28,155		44,000		207,379
Cash and cash equivalents (project companies)		171,744		74,149		287,655		533,548
Subtotal allocated		3,915,858		1,333,580		3,807,638		9,057,076
Unallocated assets
Other non-current assets								268,876
Other current assets (including cash and cash equivalents at holding company level)								425,978
Subtotal unallocated								694,854
Total assets								9,751,930

	North America		South America		EMEA		Balance as of December 31, 2021
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,792,739		887,497		2,355,957		5,036,193
Grants and other liabilities		1,051,679		14,445		197,620		1,263,744
Subtotal allocated		2,844,418		901,942		2,553,577		6,299,937
Unallocated liabilities
Long-term and short-term corporate debt								1,023,071
Other non-current liabilities								532,312
Other current liabilities								148,005
Subtotal unallocated								1,703,388
Total liabilities								8,003,325
Equity unallocated								1,748,605
Total liabilities and equity unallocated								3,451,993
Total liabilities and equity								9,751,930

Assets and liabilities by business sector as of March 31, 2022:

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of March 31, 2022
	($ in thousands)
Assets allocated
Contracted concessional assets		6,430,438		510,580		830,053		160,811		7,931,882
Investments carried under the equity method		230,737		14,692		-		39,600		285,029
Current financial investments		2,521		115,497		28,335		39,563		185,916
Cash and cash equivalents (project companies)		494,425		41,092		66,348		23,280		625,145
Subtotal allocated		7,158,121		681,861		924,736		263,254		9,027,972
Unallocated assets
Other non-current assets										277,989
Other current assets (including cash and cash equivalents at holding company level)										449,507
Subtotal unallocated										727,496
Total assets										9,755,468

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of March 31, 2022
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		3,865,853		470,890		608,062		92,202		5,037,007
Grants and other liabilities		1,232,324		11,272		5,661		2,321		1,251,578
Subtotal allocated		5,098,177		482,162		613,723		94,523		6,288,585
Unallocated liabilities
Long-term and short-term corporate debt										1,056,145
Other non-current liabilities										453,940
Other current liabilities										154,302
Subtotal unallocated										1,664,387
Total liabilities										7,952,972
Equity unallocated										1,802,496
Total liabilities and equity unallocated										3,466,883
Total liabilities and equity										9,755,468

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

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of December 31, 2021
	($ in thousands)
Assets allocated
Contracted concessional assets		6,533,408		517,247		805,987		164,926		8,021,568
Investments carried under the equity method		240,302		15,358		-		38,921		294,581
Current financial investments		10,761		128,461		27,813		40,344		207,379
Cash and cash equivalents (project companies)		442,213		25,392		44,574		21,369		533,548
Subtotal allocated		7,226,684		686,458		878,374		265,560		9,057,076
Unallocated assets
Other non-current assets										268,876
Other current assets (including cash and cash equivalents at holding company level)										425,978
Subtotal unallocated										694,854
Total assets										9,751,930

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of December 31, 2021
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		3,857,313		478,724		602,278		97,878		5,036,193
Grants and other liabilities		1,244,346		11,212		5,795		2,391		1,263,744
Subtotal allocated		5,101,659		489,936		608,073		100,269		6,299,937
Unallocated liabilities
Long-term and short-term corporate debt										1,023,071
Other non-current liabilities										532,312
Other current liabilities										148,005
Subtotal unallocated										1,703,388
Total liabilities										8,003,325
Equity unallocated										1,748,605
Total liabilities and equity unallocated										3,451,993
Total liabilities and equity										9,751,930

c)	The amount of depreciation, amortization and impairment charges recognized for the three-month periods ended March 31, 2022 and 2021 are as follows:

	For the three-month period ended March 31,
Depreciation, amortization and impairment by geography	2022			2021
	($ in thousands)
North America		(31,692	)		(12,627	)
South America		(14,205	)		(13,811	)
EMEA		(55,028	)		(57,103	)
Total		(100,925	)		(83,541	)

	For the three-month period ended March 31,
Depreciation, amortization and impairment by business sectors	2022			2021
	($ in thousands)
Renewable energy		(95,270	)		(93,571	)
Efficient natural gas & heat		2,144			17,357
Transmission lines		(7,407	)		(7,749	)
Water		(392	)		422
Total		(100,925	)		(83,541	)