Slide 1: 1Q '18 Results
1Q ‘18 Results nN “Spe
Slide 2: Healthy results
Healthy results 1Q Ebitda of last 5Y 1Q Net profit of last 5Y (M€) (M€) +5.2% Y/Y 322,7 +9.6% Y/Y 306,8 120,5 274,3 277,2 278,4 109,9 86,6 91,2 83,2 1Q '14 1Q '15 1Q '16 1Q '17 1Q '18 1Q '14 1Q '15 1Q '16 1Q '17 1Q '18 Executing our growth strategy GRUPPOHERA 01
Slide 3: Highlights on 1Q results
Highlights on 1Q results 1Q growth rates (% incr.) 10,1% 9,7% 9,6% 1,836.6 180.1 120.5 5,2% 5,5% 322.7 197.6 Revenues Ebitda Ebit Pre-tax Net profit A good start for the year GRUPPOHERA 02
Slide 4: 1Q 2018 EBITDA drivers
1Q 2017 EBITDA drivers Ebitda growth drivers (M€) +15.2 +2.0 322,7 306,8 (1.3) 1Q '17 (Incentive) Org. Growth M&A 1Q '18 All strategic areas show a growth contribution GRUPPOHERA 03
Slide 5: WASTE: prosecuting growth
WASTE: prosecuting growth 1Q Ebitda growth Bio-methane plant construction on schedule (M€) Time schedule 2018 +3.8 2Q 3Q 4Q 66,5 64,0 Construction (1.3) Start up Full operations 2Q 3Q 4Q KPIs Annual basis Ebitda 6 m€ Capacity 135k tons Methane gas 7.5 mcm 1Q '17 Growth Incentives 1Q '18 Strengthenin
Slide 6: NETWORKS: tariffs and cost saving progressing
NETWORKS: tariffs and cost saving progressing 1Q Ebitda growth drivers 1Q Ebitda Growth breakdown (M€) (M€) +1.1 +5.5 +2,0 +0,5 131,9 126,4 +3,0 +2.1 +2.3 1Q '17 Efficiency Growth Quality 1Q '18 Water Gas distr./D.H. EE distr. 1Q Growth premium Innovation contributed to growth GRUPPOHERA 05
Slide 7: ENERGY: cold winter underpins growth
ENERGY: cold winter underpins growth 1Q Ebitda growth drivers Customer base 5Y CAGR: +6.2% (M€) +6.1 +0.2 117,2 2.407 2.294 110,9 2.190 2.124 1.960 1.781 1Q '17 Growth Acquisitions 1Q '18 1Q '13 1Q '14 1Q '15 1Q '16 1Q '17 1Q '18 Growing our intangible asset GRUPPOHERA 06 Industrial Development Deve
Slide 8: Beyond Ebitda
Beyond Ebitda Financial Inc./(Expenses) Tax rate 1Q 2018 Net profit growth (M€) (%) (%) (32,4) 35.1% 39,8% (28,6) (25,7) (23,1) 36,5% +9.6% 35.1% 33,3% (17,5) 29,8% 30,1% 1Q'13 1Q'14 1Q'15 1Q'16 1Q'17 1Q'18 1Q'13 1Q'14 1Q'15 1Q'16 1Q'17 1Q'18 1Q '18 Still progressing to improve bottom line GRUPPOHER
Slide 9: Cash flows
Cash flows Free cash flows 1Q 2018 (M€) +225.9 (69.1) (42.9) +38.4 (75.5) +20.9 (7.2) (10.3) Op. CF NWC Provisions & Capex Free CF M&A Buy Back Change in Debt Def. Tax Further reducing Financial Debts GRUPPOHERA 08
Slide 10: Closing remarks
Closing remarks DPS growth • Good performances highlight the strength (€c) of our competitiveness and positive 9,5 +5.5% impact of the cold winter season. 9,0 • AGM confirmed DPS at 9.5 eurocent (+5.5%) payment in June. • 1Q ‘18 is reassuring a full alignment with our planned growth targets. 2017 20
Slide 11: Annex 1Q 2018
Annex 1Q 2018 Investor relations team: IR@gruppohera.it Tel.+39 051 287737
Slide 12: Annex: P&L
Annex: P&L Q1 Profit & Loss (M€) Q1 ‘17 Q1 ‘18 REVENUES 1,667.6 1,836.6 +10.1% EBITDA 306.8 322.7 +5.2% Ebitda margin 18.4% 17.6% Depreciation and provisions (119.6) (125.0) EBIT 187.3 197.6 +5.5% Cost of Debt (24.6) (19.2) Figurative interests (IAS) (5.0) (4.3) Income from Associates & J.V. 6.5 6.0
Slide 13: Annex: Waste and Water
Annex: Waste and Water P&L Waste P&L Water (m€) Q1 2017 Q1 2018 Ch. % (m€) Q1 2017 Q1 2018 Ch. % Revenues 240.2 271.1 +12.9% Revenues 201.8 193.2 (4.3%) Ebitda 64.0 66.5 +3.9% Ebitda 53.3 55.6 +4.3% Waste volumes Water volumes Data Q1 2017 Q1 2018 Ch. % Data Q1 2017 Q1 2018 Ch. % Urban W. Volumes (K
Slide 14: Annex: Gas and Electricity
Annex: Gas and Electricity P&L Gas P&L Electricity (m€) Q1 2017 Q1 2018 Ch. % (m€) Q1 2017 Q1 2018 Ch. % Revenues 650.4 780.0 +19.9% Revenues 634.1 648.0 +2.2% Ebitda 135.6 148.2 +9.3% Ebitda 48.4 45.3 (6.5%) Gas volumes Electricity volumes Data Q1 2017 Q1 2018 Ch. % Data Q1 2017 Q1 2018 Ch. % Volum