Acea S.p.a. · MIL:ACE

Acea — H1 2015 Earnings Presentation

11 slides from Acea's earnings presentation, Jul 29, 2015

  1. Slide 1: Acea Group 1H2015 Results

    Acea Group 1H2015 Results Rome 29 July 2015

  2. Slide 2: Financial highlights

    Financial highlights (€m) 1H14 1H15 Change % Consolidated revenues 1,511.2 1,441.1 -4.6% EBITDA 331.0 353.3 +6.7% EBIT 188.4 202.7 +7.6% Group net profit/(loss) 80.5 99.3 +23.4% Capex 142.3 167.5 +17.7% 30 June 2014 31 Dec. 2014 30 June 2015 Change Change (€m) (a) (b) % (c/a) % (c/b) (c) NET DEBT 2,

  3. Slide 3: EBITDA

    EBITDA Total number of 1H2014 1H2015 employees EBITDA 1H2015 Acea Spa 671 652 EBITDA from 8% Deregulated Business Environment 216 220 24% 35% 16% Energy 533 541 Environment Water ° 2,004 1,967 Energy Network 1,380 1,344 Water 76% Grids EBITDA from Regulated Total 4,804 4,724 41% Business ° Figures d

  4. Slide 4: EBITDA and Key quantitative data: Environment and Energy

    EBITDA and Key quantitative data Environment Increase of volume of electricity sold by ARIA’s plants +1.3€m EBITDA main drivers Shutdown of the Kyklos plant -1.9€m (€m) 1H14 1H15 Change % Key quantitative data 1H14 1H15 Treatment and disposal EBITDA 27.8 27.1 -2.5% 399 380 (/000s of tonnes) Capex 4.

  5. Slide 5: EBITDA and Key quantitative data: Water

    EBITDA and Key quantitative data Growth at companies consolidated using the equity method +4.8€m Water EBITDA main drivers Extraordinary items -11.6€m (including Aguazul Bogotà non-recurring income 2.5€m) (€m) 1H14 1H15 Change % Key quantitative data 1H14 1H15 Profit/(Loss) on investments 8.3 13.1 +

  6. Slide 6: EBITDA and Key quantitative data: Grids and Corporate

    EBITDA and Key quantitative data Acea Distribuzione margin increase +4.3€m Grids EBITDA main drivers Photovoltaic activity margin increase +0.2€m Public Lighting margin decrease -0.3€m 1H14 1H15 Change Key quantitative data 1H14 1H15 (€m) % Total Electricity distributed EBITDA 119.1 123.3 +3.5% 5,06

  7. Slide 7: EBIT and Net Profit

    EBIT and Net Profit EBIT €m NET PROFIT €m TAX RATE 33.9% 14.3€m (+7.6%) 18.8€m (+23.4%) 202.7  Elimination of one-off hike in 188.4 corporation tax IRES (‘‘Robin Hood Tax’’) 99.3 80.5  Deductibility for the purposes of IRAP of the cost of staff hired on permanent contracts (2015 Stability Law) 1H1

  8. Slide 8: Cash flow

    Cash flow CASH FLOW ANALYSIS (€m) 1H14 2014 1H15 EBITDA 331 718 353 Change in net working capital (121) 76 (23) Investment (66) (317) (168) Change in net fixed assets (104) (21) (17) Free Cash Flow 1 40 455 145 Net finance income/(costs) (51) (101) (45) Income tax expense (55) (121) (53) Free Cash F

  9. Slide 9: Net Debt

    Net Debt 30 June 2014 31 Dec. 2014 30 June 2015 Change Change (€m) (a) (b) (c-a) (c-b) (c) NET DEBT 2,376.7 2,089.1 2,128.9 (247.8) 39.8 Medium/Long-term 2,317.3 3,006.4 2,671.2 353.9 (335.2) Short-term 59.4 (917.3) (542.3) (601.7) 375.0 NET DEBT/ SHAREHOLDER’S NET DEBT/ SHAREHOLDER’S (€m) NET DEBT

  10. Slide 10: Disclaimer

    Disclaimer THIS PRESENTATION CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS THAT REFLECT THE COMPANY’S MANAGEMENT’S CURRENT VIEWS WHIT RESPECT TO FUTURE EVENTS AND FINANCIAL AND OPERATIONAL PERFORMANCE OF THE COMPANY AND ITS SUBSIDIARIES. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON ACEA S.P.A.’S CURR

  11. Slide 11: Slide 11

Acea — H1 2015 Earnings Presentation on 6ix