Financial information by segment (Tables)

3 Months Ended

Mar. 31, 2023

a)	The following tables show Revenue and Adjusted EBITDA by operating segments and business sectors for the three-month periods ended March 31, 2023 and 2022:

	Revenue				Adjusted EBITDA
	For the three-month period ended March 31,				For the three-month period ended March 31,
	($ in thousands)
Geography	2023		2022		2023		2022
North America		72,840		74,304		51,969		58,266
South America		43,720		38,528		33,788		29,129
EMEA		125,949		134,620		88,447		86,231
Total		242,509		247,452		174,204		173,626

	Revenue				Adjusted EBITDA
	For the three-month period ended March 31,				For the three-month period ended March 31,
	($ in thousands)
Business sectors	2023		2022		2023		2022
Renewable energy		172,601		182,101		119,122		122,223
Efficient natural gas & heat		27,403		25,327		22,610		21,699
Transmission lines		28,831		26,620		23,470		20,523
Water		13,674		13,404		9,002		9,181
Total		242,509		247,452		174,204		173,626

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)
	2023			2022
Loss attributable to the Company		(10,990	)		(12,042	)
Profit attributable to non-controlling interests		5,017			2,200
Income tax		(9,656	)		(3,906	)
Financial expense, net		80,434			80,467
Depreciation, amortization, and impairment charges		103,790			100,925
Depreciation and amortization, financial expense and income tax expense of unconsolidated affiliates (pro rata of Atlantica’s equity ownership)		5,609			5,982
Total segment Adjusted EBITDA		174,204			173,626

b)	The assets and liabilities by operating segments and business sector as of March 31, 2023 and December 31, 2022 are as follows:

Assets and liabilities by geography as of March 31, 2023:

	North America		South America		EMEA		Balance as of March 31, 2023
	($ in thousands)
Assets allocated
Contracted concessional, PP&E and other intangible assets		3,138,564		1,226,461		3,067,671		7,432,696
Investments carried under the equity method		202,969		8,236		47,059		258,264
Other current financial assets		106,038		31,233		49,483		186,754
Cash and cash equivalents (project companies)		159,132		96,217		237,712		493,061
Subtotal allocated		3,606,703		1,362,147		3,401,925		8,370,775
Unallocated assets
Other non-current assets								321,855
Other current assets (including cash and cash equivalents at holding company level)								413,053
Subtotal unallocated								734,908
Total assets								9,105,683

	North America		South America		EMEA		Balance as of March 31, 2023
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,714,357		843,014		2,039,252		4,596,623
Grants and other liabilities		980,663		30,272		235,498		1,246,433
Subtotal allocated		2,695,020		873,286		2,274,750		5,843,056
Unallocated liabilities
Long-term and short-term corporate debt								1,077,360
Other non-current liabilities								310,040
Other current liabilities								165,398
Subtotal unallocated								1,552,798
Total liabilities								7,395,854
Equity unallocated								1,709,829
Total liabilities and equity unallocated								3,262,627
Total liabilities and equity								9,105,683

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

	North America		South America		EMEA		Balance as of December 31, 2022
Assets allocated
Contracted concessional, PP&E and other intangible assets		3,167,490		1,241,879		3,073,889		7,483,259
Investments carried under the equity method		210,704		4,450		44,878		260,031
Other current financial assets		118,385		31,136		46,373		195,893
Cash and cash equivalents (project companies)		187,568		85,697		266,557		539,822
Subtotal allocated		3,684,147		1,363,162		3,431,697		8,479,005
Unallocated assets
Other non-current assets								325,893
Other current assets (including cash and cash equivalents at holding company level)								296,013
Subtotal unallocated								621,906
Total assets								9,100,911

	North America		South America		EMEA		Balance as of December 31, 2022
Liabilities allocated
Long-term and short-term project debt		1,713,125		841,906		1,998,021		4,553,052
Grants and other liabilities		994,874		25,031		232,608		1,252,513
Subtotal allocated		2,707,999		866,937		2,230,629		5,805,565
Unallocated liabilities
Long-term and short-term corporate debt								1,017,200
Other non-current liabilities								313,328
Other current liabilities								175,771
Subtotal unallocated								1,506,299
Total liabilities								7,311,864
Equity unallocated								1,789,047
Total liabilities and equity unallocated								3,295,346
Total liabilities and equity								9,100,911

Assets and liabilities by business sector as of March 31, 2023:

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of March 31, 2023
	($ in thousands)
Assets allocated
Contracted concessional assets, PP&E and other intangible assets		5,995,445		479,715		792,405		165,131		7,432,696
Investments carried under the equity method		199,817		9,563		4,450		44,434		258,264
Other current financial assets		5,120		104,851		30,656		46,127		186,754
Cash and cash equivalents (project companies)		361,982		40,116		67,235		23,728		493,061
Subtotal allocated		6,562,364		634,245		894,746		279,420		8,370,775
Unallocated assets
Other non-current assets										321,855
Other current assets (including cash and cash equivalents at holding company level)										413,053
Subtotal unallocated										734,908
Total assets										9,105,683

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of March 31, 2023
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		3,495,259		428,079		588,356		84,929		4,596,623
Grants and other liabilities		1,206,035		32,090		5,814		2,494		1,246,433
Subtotal allocated		4,701,294		460,169		594,170		87,423		5,843,056
Unallocated liabilities
Long-term and short-term corporate debt										1,077,360
Other non-current liabilities										310,040
Other current liabilities										165,398
Subtotal unallocated										1,552,798
Total liabilities										7,395,854
Equity unallocated										1,709,829
Total liabilities and equity unallocated										3,262,627
Total liabilities and equity										9,105,683

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

	Renewable energy		Efficient natural gas & Heat		Transmission lines		Water		Balance as of December 31, 2022
Assets allocated
Contracted concessional, PP&E and other intangible assets		6,035,091		485,431		800,067		162,670		7,483,259
Investments carried under the equity method		203,420		10,034		4,450		42,128		260,031
Other current financial assets		6,706		116,366		30,582		42,240		195,893
Cash and cash equivalents (project companies)		392,577		73,673		48,073		25,498		539,822
Subtotal allocated		6,637,794		685,504		883,172		272,536		8,479,005
Unallocated assets
Other non-current assets										325,893
Other current assets (including cash and cash equivalents at holding company level)										296,013
Subtotal unallocated										621,906
Total assets										9,100,911

	Renewable energy		Efficient natural gas & Heat		Transmission lines		Water		Balance as of December 31, 2022
Liabilities allocated
Long-term and short-term project debt		3,442,625		440,999		582,689		86,739		4,553,052
Grants and other liabilities		1,211,878		32,138		6,040		2,457		1,252,513
Subtotal allocated		4,654,503		473,137		588,729		89,196		5,805,565
Unallocated liabilities
Long-term and short-term corporate debt										1,017,200
Other non-current liabilities										313,328
Other current liabilities										175,771
Subtotal unallocated										1,506,299
Total liabilities										7,311,864
Equity unallocated										1,789,047
Total liabilities and equity unallocated										3,295,346
Total liabilities and equity										9,100,911

c)	The amount of depreciation, amortization and impairment charges recognized for the three-month periods ended March 31, 2023 and 2022 are as follows:

	For the three-month period ended March 31,
Depreciation, amortization and impairment by geography	2023			2022
	($ in thousands)
North America		(36,347	)		(31,692	)
South America		(14,203	)		(14,205	)
EMEA		(53,240	)		(55,028	)
Total		(103,790	)		(100,925	)

	For the three-month period ended March 31,
Depreciation, amortization and impairment by business sectors	2023			2022
	($ in thousands)
Renewable energy		(93,248	)		(95,270	)
Efficient natural gas & heat		(3,054	)		2,144
Transmission lines		(7,223	)		(7,407	)
Water		(265	)		(392	)
Total		(103,790	)		(100,925	)