Acea S.p.a. · MIL:ACE

Acea — FY2015 Earnings Presentation

12 slides from Acea's earnings presentation, Mar 14, 2016

  1. Slide 1: Acea Group 2015 Results

    Acea Group 2015 Results Rome, 14 March 2016

  2. Slide 2: 2015 Financial highlights

    2015 Financial highlights (€m) 2014 2015 Change % Revenue 3,038.3 2,917.3 -4.0% EBITDA 717.7 732.0 +2.0%  Increased depreciation and amortisation (capex growth: EBIT 390.4 386.5 -1.0% growth intangible assets resulting from the entry in operation of Profit/(loss) before tax 289.8 296.4 +2.3% inform

  3. Slide 3: EBITDA

    EBITDA Total number of 2014 2015 employees EBITDA 2015 Acea Spa 661 636 8% Environment 221 227 35% 23% 15% EBITDA from Energy 522 549 Regulated Environment Businesses Water ° 1,954 1,983 Energy Network 1,335 1,315 Water EBITDA from Deregulated Grids 42% 77% Total 4,693 4,710 Businesses ° Figures do

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

    EBITDA and Key quantitative data Aria’s plants: increase in volume of electricity sold +€3.8m Aquaser: +€1.7m Environment Kyklos: shutdown of plant -€2.2m EBITDA main drivers (€m) 2014 2015 % change Key quantitative data 2014 2015 Treatment and disposal EBITDA 54.5 57.4 +5.3% 774 765 (‘000s of tonne

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

    EBITDA and Key quantitative data Electricity production: +€0.4m Fall in energy prices and reduced volumes Consolidation of photovoltaic business Energy Electricity sales: -€4.1m EBITDA main drivers Recognition of non-recurring item Increased margin from enhanced protection market due to revised reta

  6. Slide 6: Water: EBITDA and Key quantitative data

    EBITDA and Key quantitative data Efficiency Acea ATO2: tariff increase +€16.7m Growth at companies consolidated using the equity method +€9.6m Water EBITDA main drivers Overseas water operations: +€0.4m Recognition, in 2014, of non-recurring items by Acea Ato2 for adjustments (€m) 2014 2015 % change

  7. Slide 7: Grids and Corporate: EBITDA and Key quantitative data

    EBITDA and Key quantitative data Operational efficiency and new technologies Grids Acea Distribuzione margin increase EBITDA main drivers Pubblic Lighting margin increase Deconsolidation of photovoltaic business (€m) 2014 2015 % change Key quantitative data 2014 2015 EBITDA 253.3 255.7 +0.9% Total E

  8. Slide 8: EBIT and Net Profit

    EBIT and Net Profit EBIT €m NET PROFIT €m TAX RATE 38.7% -€3.9m (-1.0%) +€12.5m (+7.7%) Elimination of one-off hike in IRES corporation tax (‘‘Robin Hood Tax’’) 390.4 386.5 Deductibility for the purposes of IRAP of the cost of staff hired on permanent contracts 162.5 175.0 Recalculation of deferred

  9. Slide 9: Cash flow

    Cash flow CASH FLOW ANALYSIS (€m) 2014 1Q15 1H15 9M15 2015 EBITDA 718 177 353 531 732 Change in net working capital 76 (98) (23) (32) 113 Investment (317) (72) (168) (287) (423) Change in net fixed assets (21) (5) (17) (21) (51) Free Cash Flow 1 455 2 145 191 371 Net finance income/(costs) (101) (24

  10. Slide 10: 2015 Results: financial highlights

    2015 Results: financial highlights 31 Dec 2014 30 Sept 2015 31 Dec 2015 Change Change (€m) (a) (b) (c-a) (c-b) (c) NET DEBT 2,089.1 2,130.8 2,010.1 (79.0) (120.7) Medium/Long-term 3,006.4 2,656.0 2,657.0 (349.4) 1.0 Short-term (917.3) (525.2) (646.9) 270.4 (121.7) NET DEBT/ NET DEBT/ NET DEBT /EBITD

  11. Slide 11: 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

  12. Slide 12: Slide 12

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