Financial information by segment (Tables)

6 Months Ended

Jun. 30, 2024

a)	The following tables show Revenue and Adjusted EBITDA by operating segment and business sector for the six-month periods ended June 30, 2024 and 2023:

	Revenue				Adjusted EBITDA
	For the six-month period ended June 30,				For the six-month period ended June 30,
	($ in thousands)
Geography	2024		2023		2024		2023
North America		223,027		202,171		164,079		154,038
South America		92,936		91,513		71,325		74,428
EMEA		255,232		260,935		171,930		175,362
Total		571,195		554,619		407,334		403,828

	Revenue				Adjusted EBITDA
	For the six-month period ended June 30,				For the six-month period ended June 30,
	($ in thousands)
Business sectors	2024		2023		2024		2023
Renewable energy		409,682		411,210		286,492		292,570
Efficient natural gas & heat		71,580		54,810		53,767		44,006
Transmission lines		61,544		60,998		49,533		49,250
Water		28,389		27,601		17,542		18,002
Total		571,195		554,619		407,334		403,828

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

	For the six-month period ended June 30, ($ in thousands)
	2024		2023
Profit attributable to the Company		16,033		24,661
Profit attributable to non-controlling interest		6,240		6,130
Income tax		3,942		(2,168	)
Financial expense, net		166,330		159,387
Depreciation, amortization, and impairment charges		210,217		207,118
Depreciation and amortization, financial expense and income tax expense of unconsolidated affiliates (pro rata of Atlantica’s equity ownership)		4,572		8,700
Total segment Adjusted EBITDA		407,334		403,828

b)	The assets and liabilities by operating segment and business sector as of June 30, 2024, and December 31, 2023 are as follows:

Assets and liabilities by geography as of June 30, 2024:

	North America		South America		EMEA		Balance as of June 30, 2024
	($ in thousands)
Assets allocated
Contracted concessional, PP&E and other intangible assets		3,047,576		1,162,965		2,854,591		7,065,132
Investments carried under the equity method		165,479		9,134		46,945		221,558
Other current financial assets		117,646		31,168		45,413		194,227
Cash and cash equivalents (project companies)		122,934		101,022		111,045		335,001
Subtotal allocated		3,453,635		1,304,289		3,057,994		7,815,918
Unallocated assets
Other non-current assets								329,483
Other current assets (including cash and cash equivalents at holding company level)								390,854
Subtotal unallocated								720,337
Total assets								8,536,255

	North America		South America		EMEA		Balance as of June 30, 2024
	($ in thousands)
Liabilities allocated
Long-term and short-term project debt		1,599,378		792,420		1,772,126		4,163,924
Grants and other liabilities		919,387		35,515		206,938		1,161,840
Subtotal allocated		2,518,765		827,935		1,979,064		5,325,764
Unallocated liabilities
Long-term and short-term corporate debt								1,192,107
Other non-current liabilities								304,722
Other current liabilities								216,090
Subtotal unallocated								1,712,919
Total liabilities								7,038,683
Equity unallocated								1,497,572
Total liabilities and equity unallocated								3,210,491
Total liabilities and equity								8,536,255

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 June 30, 2024:

	Renewable energy		Efficient natural gas & heat		Transmission lines		Water		Balance as of June 30, 2024
	($ in thousands)
Assets allocated
Contracted concessional assets, PP&E and other intangible assets		5,693,192		441,891		764,213		165,836		7,065,132
Investments carried under the equity method		178,367		-		-		43,191		221,558
Other current financial assets		8,582		112,074		31,082		42,489		194,227
Cash and cash equivalents (project companies)		235,837		19,553		51,856		27,755		335,001
Subtotal allocated		6,115,978		573,518		847,151		279,271		7,815,918
Unallocated assets
Other non-current assets										329,483
Other current assets (including cash and cash equivalents at holding company level)										390,854
Subtotal unallocated										720,337
Total assets										8,536,255

	Renewable energy		Efficient natural gas & Heat		Transmission lines		Water		Balance as of June 30, 2024
Liabilities allocated
Long-term and short-term project debt		3,162,041		383,424		549,889		68,570		4,163,924
Grants and other liabilities		1,113,131		33,329		12,884		2,496		1,161,840
Subtotal allocated		4,275,172		416,753		562,773		71,066		5,325,764
Unallocated liabilities
Long-term and short-term corporate debt										1,192,107
Other non-current liabilities										304,722
Other current liabilities										216,090
Subtotal unallocated										1,712,919
Total liabilities										7,038,683
Equity unallocated										1,497,572
Total liabilities and equity unallocated										3,210,491
Total liabilities and equity										8,536,255

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 six-month periods ended June 30, 2024 and 2023 are as follows:

	For the six-month period ended June 30,
Depreciation, amortization and impairment by geography	2024			2023
	($ in thousands)
North America		(68,899	)		(70,634	)
South America		(32,731	)		(30,014	)
EMEA		(108,587	)		(106,470	)
Total		(210,217	)		(207,118	)

	For the six-month period ended June 30,
Depreciation, amortization and impairment by business sectors	2024			2023
	($ in thousands)
Renewable energy		(195,581	)		(189,792	)
Efficient natural gas & heat		57			(3,770	)
Transmission lines		(15,370	)		(14,079	)
Water		677			523
Total		(210,217	)		(207,118	)