Financial information by segment (Tables)

3 Months Ended

Mar. 31, 2024

a)	The following tables show Revenue and Adjusted EBITDA by operating segment and business sector for the three-month periods ended March 31, 2024 and 2023:

	Revenue				Adjusted EBITDA
	For the three-month period ended March 31,				For the three-month period ended March 31,
	($ in thousands)
Geography	2024		2023		2024		2023
North America		86,232		72,840		55,026		51,969
South America		44,678		43,720		34,568		33,788
EMEA		112,023		125,949		74,625		88,447
Total		242,933		242,509		164,219		174,204

	Revenue				Adjusted EBITDA
	For the three-month period ended March 31,				For the three-month period ended March 31,
	($ in thousands)
Business sectors	2024		2023		2024		2023
Renewable energy		162,211		172,601		107,250		119,122
Efficient natural gas & heat		35,970		27,403		23,287		22,610
Transmission lines		30,486		28,831		24,827		23,470
Water		14,266		13,674		8,855		9,002
Total		242,933		242,509		164,219		174,204

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)
	2024			2023
Loss attributable to the Company		(5,392	)		(10,990	)
Profit attributable to non-controlling interest		6			5,017
Income tax		(22,620	)		(9,656	)
Financial expense, net		79,626			80,434
Depreciation, amortization, and impairment charges		107,036			103,790
Depreciation and amortization, financial expense and income tax expense of unconsolidated affiliates (pro rata of Atlantica’s equity ownership)		5,563			5,609
Total segment Adjusted EBITDA		164,219			174,204

b)	The assets and liabilities by operating segment and business sector as of March 31, 2024, and December 31, 2023 are as follows:

Assets and liabilities by geography as of March 31, 2024:

	North America		South America		EMEA		Balance as of March 31, 2024
	($ in thousands)
Assets allocated
Contracted concessional, PP&E and other intangible assets		3,027,765		1,175,129		2,910,483		7,113,377
Investments carried under the equity method		171,879		8,569		45,284		225,732
Other current financial assets		112,351		31,001		47,134		190,486
Cash and cash equivalents (project companies)		123,539		125,443		155,361		404,343
Assets held for sale		29,136		-		-		29,136
Subtotal allocated		3,464,670		1,340,142		3,158,262		7,963,074
Unallocated assets
Other non-current assets								333,300
Other current assets (including cash and cash equivalents at holding company level)								412,668
Subtotal unallocated								745,968
Total assets								8,709,042

	North America		South America		EMEA		Balance as of March 31, 2024
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,635,455		808,991		1,856,682		4,301,128
Grants and other liabilities		932,301		36,108		241,781		1,210,190
Subtotal allocated		2,567,756		845,099		2,098,463		5,511,318
Unallocated liabilities
Long-term and short-term corporate debt								1,173,680
Other non-current liabilities								293,098
Other current liabilities								192,124
Subtotal unallocated								1,658,902
Total liabilities								7,170,220
Equity unallocated								1,538,822
Total liabilities and equity unallocated								3,197,724
Total liabilities and equity								8,709,042

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

	North America		South America		EMEA		Balance as of December 31, 2023
Assets allocated
Contracted concessional, PP&E and other intangible assets		3,063,019		1,184,599		2,956,649		7,204,267
Investments carried under the equity method		177,260		9,178		43,869		230,307
Other current financial assets		110,016		30,803		48,067		188,886
Cash and cash equivalents (project companies)		137,480		121,945		155,551		414,976
Assets held for sale		28,642		-		-		28,642
Subtotal allocated		3,516,417		1,346,525		3,204,136		8,067,078
Unallocated assets
Other non-current assets								297,577
Other current assets (including cash and cash equivalents at holding company level)								349,678
Subtotal unallocated								647,255
Total assets								8,714,333

	North America		South America		EMEA		Balance as of December 31, 2023
Liabilities allocated
Long-term and short-term project debt		1,629,278		808,481		1,881,501		4,319,260
Grants and other liabilities		945,888		36,307		251,613		1,233,808
Subtotal allocated		2,575,166		844,788		2,133,114		5,553,068
Unallocated liabilities
Long-term and short-term corporate debt								1,084,838
Other non-current liabilities								301,245
Other current liabilities								186,373
Subtotal unallocated								1,572,456
Total liabilities								7,125,524
Equity unallocated								1,588,809
Total liabilities and equity unallocated								3,161,265
Total liabilities and equity								8,714,333

Assets and liabilities by business sector as of March 31, 2024:

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of March 31, 2024
	($ in thousands)
Assets allocated
Contracted concessional assets, PP&E and other intangible assets		5,729,867		446,626		771,363		165,521		7,113,377
Investments carried under the equity method		183,870		-		-		41,862		225,732
Other current financial assets		9,209		108,167		30,950		42,160		190,486
Cash and cash equivalents (project companies)		286,002		25,617		67,893		24,831		404,343
Assets held for sale		-		29,136		-		-		29,136
Subtotal allocated		6,208,948		609,546		870,206		274,374		7,963,074
Unallocated assets
Other non-current assets										333,300
Other current assets (including cash and cash equivalents at holding company level)										412,668
Subtotal unallocated										745,968
Total assets										8,709,042

	Renewable energy		Efficient natural gas & Heat		Transmission lines		Water		Balance as of March 31, 2024
Liabilities allocated
Long-term and short-term project debt		3,270,473		392,364		566,387		71,904		4,301,128
Grants and other liabilities		1,161,838		32,630		13,226		2,497		1,210,190
Subtotal allocated		4,432,311		424,994		579,613		74,401		5,511,318
Unallocated liabilities
Long-term and short-term corporate debt										1,173,680
Other non-current liabilities										293,098
Other current liabilities										192,124
Subtotal unallocated										1,658,902
Total liabilities										7,170,220
Equity unallocated										1,538,822
Total liabilities and equity unallocated										3,197,724
Total liabilities and equity										8,709,042

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

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of December 31, 2023
Assets allocated
Contracted concessional, PP&E and other intangible assets		5,798,818		460,766		777,360		167,323		7,204,267
Investments carried under the equity method		189,672		-		-		40,635		230,307
Other current financial assets		10,866		103,907		30,746		43,367		188,886
Cash and cash equivalents (project companies)		299,987		35,098		58,004		21,887		414,976
Assets held for sale		-		28,642		-		-		28,642
Subtotal allocated		6,299,343		628,413		866,110		273,212		8,067,078
Unallocated assets
Other non-current assets										297,577
Other current assets (including cash and cash equivalents at holding company level)										349,678
Subtotal unallocated										647,255
Total assets										8,714,333

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of December 31, 2023
Liabilities allocated
Long-term and short-term project debt		3,280,618		401,460		560,906		76,276		4,319,260
Grants and other liabilities		1,185,487		32,916		12,884		2,521		1,233,808
Subtotal allocated		4,466,105		434,376		573,790		78,797		5,553,068
Unallocated liabilities
Long-term and short-term corporate debt										1,084,838
Other non-current liabilities										301,245
Other current liabilities										186,373
Subtotal unallocated										1,572,456
Total liabilities										7,125,524
Equity unallocated										1,588,809
Total liabilities and equity unallocated										3,161,265
Total liabilities and equity										8,714,333

c)	The amount of depreciation, amortization and impairment charges recognized for the three-month periods ended March 31, 2024 and 2023 are as follows:

	For the three-month period ended March 31,
Depreciation, amortization and impairment by geography	2024			2023
	($ in thousands)
North America		(38,209	)		(36,347	)
South America		(15,819	)		(14,203	)
EMEA		(53,008	)		(53,240	)
Total		(107,036	)		(103,790	)

	For the three-month period ended March 31,
Depreciation, amortization and impairment by business sectors	2024			2023
	($ in thousands)
Renewable energy		(96,476	)		(93,248	)
Efficient natural gas & heat		(3,696	)		(3,054	)
Transmission lines		(7,517	)		(7,223	)
Water		653			(265	)
Total		(107,036	)		(103,790	)