Slide 1: 3Q2005 Hera Group presentation
3Q2005 Hera Group presentation 1
Slide 2: Maintaining growth through internal and external development
Maintaining growth through internal and external development Value of Prod. +25.1% mln euro 30 Sept 2004* % 30 Sept 2005 % Inc. % Mainly driven by oil prices increase Value of Prod 1,065.7 100% 1,333.7 100% 25.1% Operating cost (741.9) (69.6%) (948.2) (71.1%) 27.8% Ebitda +18.3% Personnel cost (143.
Slide 3: Net Working Capital better management funds 3rd Q investments
Net Working Capital better management funds 3rd Q investments Investments +71.4 mln € Capex & Investments in 3rd Q Mln € Investments realised 71.4 mln € in 3rd quarter 2005. 71.4 60.4 Financial investments of 10 mln € mainly related to energy businesses 3Q 2004 3Q 2005 NFP + 31.6 mln € Net Financial
Slide 4: Hera Business portfolio guarantee significant growth rates
Hera Business portfolio guarantee significant growth rates Breakdown by business Ebitda Growth: Breakdown by business Mln € • In Gas and Electricity business 9.1 1.7 213.0 distribution tariff reduction were partially 26.7 off set by Group expansion with Ferrara 180.1 merger. (3.2) (1.4) • Step up in
Slide 5: Hera portfolio business is well balanced
Hera portfolio business is well balanced Sales breakdown Sales breakdown by business Gas and Electricity sales were up Waste 23,0% mainly thanks to Oil prices Other 6,1% ATO tariff increase partially compensate Water Ferrara 7,4% energy tariff reduction E.E. 19,0% 15,9% Ferrara merger contributed to
Slide 6: Waste business is the best performer with +32% cagr in 2 years
Waste business is the best performer with +32% cagr. in 2 years Value of prod. + 26.6 % WASTE 3Q2004* % 3Q 2005 % Inc. % The expansion of plant capacity and the Value of Prod 241.1 100% 305.3 100% 26.6% reorganisation of Special Waste Operating cost (129.5) (53.7%) (153.3) (50.2%) 18.4% activities a
Slide 7: Well performing despite the raining summer
Well performing despite the raining summer Value of prod. +19.7 % WATER 3Q 2004* % 3Q 2005 % Inc. % Value of Prod 247.1 100% 295.8 100% 19.7% Ferrara contributed for about 24.4 mln€ Operating cost (151.9) (61.5%) (182.1) (61.6%) 19.9% Organic Growth reached despite the Personnel cost (42.6) (17.2%)
Slide 8: External Growth reduces impact of distribution tariff reduction
External Growth reduces impact of distribution tariff reduction Value of prod. +33.6% GAS 3Q 2004* % 3Q 2005 % Inc. % The increase is mainly related to trading Value of Prod 362.9 100% 485.0 100% 33.6% activities, Oil prices and Ferrara merger Operating cost (282.9) (78.0%) (400.9) (82.7%) 41.7% (wh
Slide 9: Defending Gas customers maintaining positive results
Defending Gas customers maintaining positive results Value of prod. +34.0% ELECTRICITY 3Q 2004* % 3Q 2005 % Inc. % Value of Prod 157.3 100% 210.8 100% 34.0% The increase is mainly related to Oil prices and “pass through” costs included Operating cost (148.7) (94.5%) (204.2) (96.9%) 37.3% in tariff.
Slide 10: Lower revenues and higher margins following rationalisation
Lower revenues and higher margins following rationalisation Value of prod. (3.2%) OTHER 3Q 2004* % 3Q 2005 % Inc. % Value of Prod 96.7 100% 93.6 100% (3.2%) Ferrara contribution was 11.8 mln€ Operating cost (68.4) (70.7%) (64.5) (68.9%) (5.7%) Sales reduced following the exit from low value added ac
Slide 11: Closing remarks
Closing remarks • Hera confirms “double digit” growth in first 9 month of 2005 thanks to the contribution of external and internal growth. • Internal growth (Synergies and Organic Growth) achieved in first 9 month of 2005 was able to guarantee growing results despite the significant reduction in ene
Slide 12: Q&A session
Q&A session — 120 SHER