EDP Management

Management criteria checks 4/4

EDP's CEO is Miguel de Andrade, appointed in Jul 2020, has a tenure of 4.33 years. total yearly compensation is €2.10M, comprised of 46.2% salary and 53.8% bonuses, including company stock and options. directly owns 0.006% of the company’s shares, worth €904.46K. The average tenure of the management team and the board of directors is 4.3 years and 6.6 years respectively.

Key information

Miguel de Andrade

Chief executive officer

€2.1m

Total compensation

CEO salary percentage	46.2%
CEO tenure	4.3yrs
CEO ownership	0.006%
Management average tenure	4.3yrs
Board average tenure	6.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Miguel de Andrade's remuneration changed compared to EDP's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€1b
Jun 30 2024	n/a	n/a	€1b
Mar 31 2024	n/a	n/a	€1b
Dec 31 2023	€2m	€970k	€952m
Sep 30 2023	n/a	n/a	€1b
Jun 30 2023	n/a	n/a	€809m
Mar 31 2023	n/a	n/a	€1b
Dec 31 2022	€2m	€942k	€679m
Sep 30 2022	n/a	n/a	€664m
Jun 30 2022	n/a	n/a	€620m
Mar 31 2022	n/a	n/a	€401m
Dec 31 2021	€2m	€950k	€657m
Sep 30 2021	n/a	n/a	€889m
Jun 30 2021	n/a	n/a	€829m
Mar 31 2021	n/a	n/a	€834m
Dec 31 2020	€2m	€660k	€801m
Sep 30 2020	n/a	n/a	€474m
Jun 30 2020	n/a	n/a	€421m
Mar 31 2020	n/a	n/a	€557m
Dec 31 2019	€1m	€660k	€512m
Sep 30 2019	n/a	n/a	€682m
Jun 30 2019	n/a	n/a	€544m
Mar 31 2019	n/a	n/a	€454m
Dec 31 2018	€1m	€702k	€519m
Sep 30 2018	n/a	n/a	€264m
Jun 30 2018	n/a	n/a	€1b
Mar 31 2018	n/a	n/a	€1b
Dec 31 2017	€1m	€570k	€1b

Compensation vs Market: Miguel's total compensation ($USD2.19M) is below average for companies of similar size in the German market ($USD4.77M).

Compensation vs Earnings: Miguel's compensation has been consistent with company performance over the past year.

CEO

Miguel de Andrade (48 yo)

4.3yrs

Tenure

€2,100,224

Compensation

Mr. Miguel Stilwell de Andrade serves as President of the Board at EDP Energias do Brasil S.A. He is Vice Chairman of the Board at EDP Renováveis, S.A. since April 12, 2021 and serves as its Executive Vice...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Miguel de Andrade	Chairman of the Executive Board of Directors & CEO	4.3yrs	€2.10m	0.0062% € 904.5k
Rui Manuel Rodrigues Teixeira	CFO & Member of the Executive Board of Directors	3.8yrs	€1.34m	0.0011% € 155.1k
Pedro Vasconcelos	Member of Executive Board	no data	€621.39k	no data
Jose Miguel Viana	Head of Investor Relations & Sustainability	no data	no data	no data
Ana Rita Pontífice De Almeida Côrte-Real	Company Secretary	6.6yrs	no data	no data
Paula Cristina Guerra	Treasurer	no data	no data	no data

4.3yrs

Average Tenure

51yo

Average Age

Experienced Management: EDP's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Miguel de Andrade	Chairman of the Executive Board of Directors & CEO	12.8yrs	€2.10m	0.0062% € 904.5k
Rui Manuel Rodrigues Teixeira	CFO & Member of the Executive Board of Directors	9.6yrs	€1.34m	0.0011% € 155.1k
Joao Ramalho de Carvalho Talone	Independent Chairman of General & Supervisory Board	3.6yrs	€515.00k	no data
Miguel Nuno Simões Ferreira Setas	Member of the Executive Board of Directors	9.6yrs	€1.56m	no data
Vera de Morais Pinto Carneiro	Member of Executive Board of Directors	6.6yrs	€1.53m	no data
João Carlos Carvalho Neves	Independent Member of General & Supervisory Board	9.6yrs	€143.00k	0.00038% € 55.1k
José Manuel Care Viegas	President of Environment & Sustainability Board	6.6yrs	no data	no data
Joana Balsemão	Member of Environment & Sustainability Board	6.6yrs	no data	no data
Joaquim Martins	Member of Environment & Sustainability Board	6.6yrs	no data	no data
Pedro Manuel Sousa Oliveira	Member of Environment & Sustainability Board	6.6yrs	no data	no data
Ana Paula de Pina Marques	Member of the Executive Board of Directors	3.8yrs	€1.01m	no data
Miguel Espregueira Mendes Leite	Member of General & Supervisory Board	3.6yrs	€95.00k	no data

6.6yrs

Average Tenure

54yo

Average Age

Experienced Board: EDP's board of directors are considered experienced (6.6 years average tenure).

EDP Management

Management criteria checks 4/4

Key information

Recent management updates

No independent directors

No independent directors

EDP - Energias de Portugal, S.A., Annual General Meeting, Apr 14, 2021

Recent updates

Third quarter 2024 earnings released: EPS: €0.077 (vs €0.16 in 3Q 2023)

Now 20% undervalued after recent price drop

New minor risk - Earnings quality

Second quarter 2024 earnings released: EPS: €0.12 (vs €0.05 in 2Q 2023)

EDP, S.A. to Report Q2, 2024 Results on Jul 30, 2024

New minor risk - Earnings quality

Dividend increased to €0.20

Full year 2023 earnings released: EPS: €0.23 (vs €0.17 in FY 2022)

Second quarter 2023 earnings released: EPS: €0.05 (vs €0.14 in 2Q 2022)

First quarter 2023 earnings released: EPS: €0.073 (vs €0.02 loss in 1Q 2022)

Upcoming dividend of €0.19 per share at 3.7% yield

Full year 2022 earnings released: EPS: €0.17 (vs €0.17 in FY 2021)

Third quarter 2022 earnings released: EPS: €0.053 (vs €0.06 in 3Q 2021)

No independent directors

EDP - Energias de Portugal, S.A. to Report Q3, 2022 Results on Oct 28, 2022

Second quarter 2022 earnings released: EPS: €0.097 (vs €0.06 in 2Q 2021)

China International Water and Electric Corporation agreed to acquire Hydro Global Investment Limited from EDP - Energias de Portugal, S.A. (ENXTLS:EDP) for approximately $68 million.

EDP - Energias de Portugal, S.A. (ENXTLS:EDP) entered into an agreement to acquire Zielona-energia.com Klimczyk, Fonfara Sp.j.

EDP - Energias de Portugal, S.A. to Report Q2, 2022 Results on Jul 29, 2022

First quarter 2022 earnings released: €0.02 loss per share (vs €0.05 profit in 1Q 2021)

First quarter 2022 earnings released: €0.019 loss per share (vs €0.05 profit in 1Q 2021)

No independent directors

Upcoming dividend of €0.19 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

EDP - Energias de Portugal, S.A. to Report Fiscal Year 2021 Results on Feb 17, 2022

Third quarter 2021 earnings released: EPS €0.042 (vs €0.04 in 3Q 2020)

Second quarter 2021 earnings released: EPS €0.042 (vs €0.05 in 2Q 2020)

Edp, Technipfmc and Partners Join Forces to Develop A Concept Study for Green Hydrogen Production from Offshore Wind Power

First quarter 2021 earnings released: EPS €0.05 (vs €0.04 in 1Q 2020)

First quarter 2021 earnings released

EDP - Energias de Portugal, S.A., Annual General Meeting, Apr 14, 2021

New 90-day low: €4.49

Revenue misses expectations

CIDE Servicios Comerciales acquired Cide Hcenergía, S.A. from EDP - Energias de Portugal, S.A. (ENXTLS:EDP) and employers of the small electricity distributors.

EDP - Energias de Portugal, S.A. to Report Fiscal Year 2020 Results on Feb 24, 2021

New 90-day high: €5.36

EDP - Energias de Portugal, S.A. (ENXTLS:EDP) signed an agreement to acquire an unknown minority stake in Blue Sol Participações.

ENGIE SA (ENXTPA:ENGI), Crédit Agricole Assurances S.A., and Mirova Société Anonyme completed the acquisition of Six Hydro Power Plants in Douro River Basin, Portugal from EDP - Energias de Portugal, S.A. (ENXTLS:EDP).

EDP - Energias de Portugal, S.A. (ENXTLS:EDP) completed the acquisition of 75.1% stake in Viesgo Infraestructuras Energéticas, S.L. from Macquarie Infrastructure and Real Assets (Europe) Limited.

New 90-day high: €4.75

Third quarter earnings released

New 90-day high: €4.60

EDP - Energias de Portugal, S.A. to Report Q3, 2020 Results on Oct 29, 2020

First half earnings released

First half earnings released

EDP - Energias de Portugal, S.A. to Report Q2, 2020 Results on Sep 03, 2020

EDP - Energias de Portugal, S.A. has completed a Follow-on Equity Offering in the amount of €1.020173 billion.

EDP - Energias de Portugal, S.A. (ENXTLS:EDP) entered into an agreement to acquire a 75.1% stake in Viesgo Infraestructuras Energéticas, S.L. from Macquarie Infrastructure and Real Assets (Europe) Limited.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age