Acea S.p.a. · MIL:ACE

Acea — 9M 2021 Earnings Presentation

17 slides from Acea's earnings presentation, Nov 10, 2021

  1. Slide 1: Acea Group 9M 2021 Results

    AC E A G R O U P 9 M 2 0 2 1 R E S U LT S RO M E , 1 0 N OV E M B E R 2 0 2 1

  2. Slide 2: Effectiveness of Strategy Confirmed by Strong Results

    EFFECTIVENESS OF STRATEGY CONFIRMED BY STRONG RESULTS S T RO N G C O M M I T M E N T TO O P E R AT I O N A L E F F I C I E N C Y A N D I N N O VAT I O N  EBITDA CONFIRMED  CAPEX + + + CONFIR MED +8% +14% +9% 3.26X  NET DEBT CONFIR MED 2

  3. Slide 3: A Leading Industrial Group

    A LEADING INDUSTRIAL GROUP O U R B U S I N E S S E S A R E E V O LV I N G January 2021 May 2021 July 2021 2020/9M 2021 Successful placement of first Agreement to worth €900m Acea scores 78/100 in with total capacity of (as of 30 September (€300m tranche issued with overall rating of ESG companies 20

  4. Slide 4: Results 9M 2021: Key Financial Highlights

    RESULTS 9M 2021 KEY FINANCIAL HIGHLIGHTS (€M) 9M 2021 9M 2020 % CHANGE (A) (B) (A/B) CONSOLIDATED REVENUE 2,765.8 2,471.3 +11.9% POSITIVE TREND REFLECTED IN ALL EBITDA 930.2 858.7 +8.3% FINANCIAL INDICATORS, CONFIRMING EFFECTIVENESS OF STRATEGY BASED ON: EBIT 459.7 426.0 +7.9% GROWTH, VALUE CREATION

  5. Slide 5: Results 9M 2021: EBITDA

    RESULTS 9M 2021 EBITDA 1% 6% (€M) EB I T DA 858.7 31.0* 3.8 18.5 6.2 9.5 2.5 930.2 EBITDA 29% 53% 9M 2021 9M 2020 WATER ENERGY GENERATION COMMERCIAL & ENVIRONMENT OTHER BUSINESSES** 9M 2021 INFRASTRUCTURE TRADING AND HOLDCO EBITDA 5% 6% (€M) 489.6 274.5 53.7 56.2 49.0 7.2 CHANGES IN SCOPE OF CONSOLI

  6. Slide 6: EBITDA and Quantitative Data 9M 2021: Water

    EBITDA AND QUANTITATIVE DATA 9M 2021 FINANCIAL HIGHLIGHTS (€M) 9M 2021 9M 2020 % change (A) (B) (A/B) EBITDA 489.6 458.6 +6.8% WATER Acea Ato2 324.3 304.0 +6.7% INCLUDING GAS DISTRIBUTION Acea Ato5 24.9 25.1 -0.8% Gori 60.4 59.7 +1.2% ADF 47.1 44.7 +5.4% SII Terni 10.5 0.4 n/s Equity-accounted water

  7. Slide 7: EBITDA and Quantitative Data 9M 2021: Energy Infrastructure

    EBITDA AND QUANTITATIVE DATA 9M 2021 FINANCIAL HIGHLIGHTS TOTAL NUMBER OF ELECTRICITY PODS DISTRIBUTED GWh) (‘000s) ENERGY (€M) 9M 2021 9M2020 Variaz. % 6,748* 6,831 INFRASTRUCTURE (A) (B) (A/B) EBITDA 274.5 270.7 +1.4% 1,634 1,638 - areti 277.1 271.2 +2.2% - Public lighting (2.6) (0.5) n/s EBITDA G

  8. Slide 8: EBITDA and Quantitative Data 9M 2021: Generation

    EBITDA AND QUANTITATIVE DATA 9M 2021 FINANCIAL HIGHLIGHTS TOTAL ELECTRICITY PRODUCED (GWh) GENERATION 9M 2021 * (€M) 9M 2020 %change 547 (A) 468 (B) (A/B) EBITDA 53.7 35.2 +52.6% CAPEX 30.5 18.7 +63.1% 9M20 9M21 EBITDA GROWTH PRICE AND PHOTOVOLTAIC NEW PHOTOVOLTAIC VOLUME EFFECTS PLANTS * of which p

  9. Slide 9: EBITDA and Quantitative Data 9M 2021: Commercial & Trading

    EBITDA AND QUANTITATIVE DATA 9M 2021 FINANCIAL HIGHLIGHTS (€M) 9M 2021 9M 2020 % change (A) (B) (A/B) EBITDA 56.2 50.0 +12.4% COMMERCIAL & CAPEX 33.9 27.0 +25.6% TRADING TOTAL ENERGY SOLD NUMBER OF TOTAL GAS SOLD NUMBER OF GAS (GWH) ELECTRICITY (M m c 3 ) CUSTOMERS (‘000s) CUSTOMERS (‘000s) 6,256 5,

  10. Slide 10: EBITDA and Quantitative Data 9M 2021: Environment

    EBITDA AND QUANTITATIVE DATA 9M 2021 FINANCIAL HIGHLIGHTS 9M 2021 9M 2020 % change (€M) (A) (B) (A/B) EBITDA 49.0 39.5 +24.0% ENVIRONMENT CAPEX 23.2 18.2 +27.5% TREATMENT AND DISPOSAL ELECTRICITY SOLD  Agreement to acquire 70% of Serplast and 60% of Meg, (KTONNES) (GWh) companies operating in the p

  11. Slide 11: EBIT and Net Profit 9M 2021

    EBIT AND NET PROFIT 9M 2021 426.0 459.7 248.6 218.7 (30.5% for 9M 2020) 9M20 9M21 9M20 9M21 (€M) 9M2021 9M 2020 % CHANGE Increased investment across all areas of business DEPRECIATION 395.2 364.8 +8.3% and changes in scope of consolidation. IMPAIRMENTS 66.4 58.1 +14.3% Increase in impairments due to

  12. Slide 12: Capex 9M 2021

    CAPEX 9M 2021 MAJOR INVESTMENT IN UPGRADING INFRASTRUCTURE 83% 17% 625.3 34.7 11.8 6.9 5.0 7.8 684.3 (7.2) 9M 2020 WATER ENERGY GENERATION COMMERCIAL & ENVIRONMENT OTHER 9M 2021 INFRASTRUCTURE TRADING BUSINESSES* AND HOLDCO CAPEX Investment in regulated businesses 373.1 196.9 30.5 33.9 23.2 26.7 (€M

  13. Slide 13: Cash Flow 9M 2021

    CASH FLOW 9M 2021 (€M) 9M 2021 9M 2020 EBITDA 930 859 CHANGE IN WORKING CAPITAL (275) (211) CAPEX (669) The increase in energy prices has led to: (625) FREE CASH FLOW (14) 22  a reduction in system costs collected by areti FINANCE INCOME/(COSTS) (63) (68)  an increase in turnover at Acea Energia,

  14. Slide 14: Results 9M 2021: Solid Financial Structure

    RESULTS 9M 2021 S O L I D F I N A N C I A L S T R U C T U R E 30 Sept 31 Dec 30 Sept CHANGE CHANGE 2 1 JA NUA RY 2 0 2 1 (€M) 2021 2020 2020 (A-B) (A-C) (A) (B) (C) Placement of first GREEN BOND worth €900m successfully completed in two tranches: Net debt 3,998.3 3,528.0 3,535.3 470.3 462.9 • first

  15. Slide 15: Q&A Session

    - Q&A SESSION haath ese

  16. Slide 16: Disclaimer

    DISCLAIMER THIS PRESENTATION CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS THAT REFLECT THE COMPANY’S MANAGEMENT’S CURRENT VIEWS WITH 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

  17. Slide 17: Slide 17

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