Financial information by segment (Tables)

6 Months Ended

Jun. 30, 2022

a)	The following tables show Revenue and Adjusted EBITDA by operating segments and business sectors for the six-month periods ended June 30, 2022 and 2021:

	Revenue				Adjusted EBITDA
	For the six-month period ended June 30,				For the six-month period ended June 30,
	($ in thousands)
Geography	2022		2021		2022		2021
North America		199,271		178,801		161,180		134,861
South America		78,331		78,351		58,843		60,222
EMEA		277,682		354,023		182,282		209,151
Total		555,284		611,175		402,305		404,234

	Revenue				Adjusted EBITDA
	For the six-month period ended June 30,				For the six-month period ended June 30,
	($ in thousands)
Business sector	2022		2021		2022		2021
Renewable energy		420,335		471,624		296,830		295,030
Efficient natural gas & heat		53,419		58,505		44,014		47,221
Transmission lines		54,853		53,589		43,178		42,521
Water		26,677		27,457		18,283		19,462
Total		555,284		611,175		402,305		404,234

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

	For the six-month period ended June 30, ($ in thousands)
	2022		2021
Profit/(loss) attributable to the Company		4,070		(6,829	)
Profit attributable to non-controlling interests		6,728		11,315
Income tax		6,050		33,128
Financial expense, net		155,779		172,807
Depreciation, amortization, and impairment charges		217,809		188,876
Depreciation and amortization, financial expense and income tax expense of unconsolidated affiliates (pro rata of Atlantica’s equity ownership)		11,869		4,937
Total segment Adjusted EBITDA		402,305		404,234

b)	The assets and liabilities by operating segments (and business sector) as of June 30, 2022 and December 31, 2021 are as follows:

Assets and liabilities by geography as of June 30, 2022:

	North America		South America		EMEA		Balance as of June 30, 2022
	($ in thousands)
Assets allocated
Contracted concessional assets		3,287,156		1,258,308		3,099,488		7,644,952
Investments carried under the equity method		233,452		-		42,120		275,572
Current financial investments		119,396		28,682		40,726		188,804
Cash and cash equivalents (project companies)		182,998		86,282		274,169		543,449
Subtotal allocated		3,823,002		1,373,272		3,456,503		8,652,777
Unallocated assets
Other non-current assets								271,634
Other current assets (including cash and cash equivalents at holding company level)								446,653
Subtotal unallocated								718,287
Total assets								9,371,064

	North America		South America		EMEA		Balance as of June 30, 2022
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,767,480		856,228		2,111,792		4,735,500
Grants and other liabilities		1,032,994		16,077		203,278		1,252,349
Subtotal allocated		2,800,474		872,305		2,315,070		5,987,849
Unallocated liabilities
Long-term and short-term corporate debt								1,000,091
Other non-current liabilities								390,143
Other current liabilities								196,150
Subtotal unallocated								1,586,384
Total liabilities								7,574,233
Equity unallocated								1,796,831
Total liabilities and equity unallocated								3,383,215
Total liabilities and equity								9,371,064

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 June 30, 2022:

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of June 30, 2022
	($ in thousands)
Assets allocated
Contracted concessional assets		6,163,513		507,776		818,768		154,895		7,644,952
Investments carried under the equity method		221,332		14,395		-		39,845		275,572
Current financial investments		8,622		112,886		28,506		38,790		188,804
Cash and cash equivalents (project companies)		416,482		47,858		54,249		24,860		543,449
Subtotal allocated		6,809,949		682,915		901,523		258,390		8,652,777
Unallocated assets
Other non-current assets										271,634
Other current assets (including cash and cash equivalents at holding company level)										446,653
Subtotal unallocated										718,287
Total assets										9,371,064

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of June 30, 2022
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		3,593,887		462,228		592,657		86,728		4,735,500
Grants and other liabilities		1,211,134		32,762		6,200		2,253		1,252,349
Subtotal allocated		4,805,021		494,990		598,857		88,981		5,987,849
Unallocated liabilities
Long-term and short-term corporate debt										1,000,091
Other non-current liabilities										390,143
Other current liabilities										196,150
Subtotal unallocated										1,586,384
Total liabilities										7,574,233
Equity unallocated										1,796,831
Total liabilities and equity unallocated										3,383,215
Total liabilities and equity										9,371,064

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 six-month periods ended June 30, 2022 and 2021 are as follows:

	For the six-month period ended June 30,
Depreciation, amortization and impairment by geography	2022			2021
	($ in thousands)
North America		(79,207	)		(45,285	)
South America		(30,150	)		(28,190	)
EMEA		(108,452	)		(115,401	)
Total		(217,809	)		(188,876	)

	For the six-month period ended June 30,
Depreciation, amortization and impairment by business sectors	2022			2021
	($ in thousands)
Renewable energy		(188,524	)		(193,407	)
Efficient natural gas & heat		(11,257	)		19,113
Transmission lines		(16,794	)		(15,565	)
Water		(1,234	)		983
Total		(217,809	)		(188,876	)