Slide 1: A2A Life Company
A2A Life Company 1 2024 ESG Conference May 2024
Slide 2: Our responsibility as a Life Company
Our responsibility as a Life Company: a long-term Plan that focuses on future generations We are a Life Company: we put life at the heart of everything that we do, for us and future generations. Our technology and our infrastructures are at the service of people and of the protection of nature, so w
Slide 3: Our Sustainability Journey
Our Sustainability Journey 15 years of expertise • First NFD pursuant to L.D. • Human Rights Policy (2022) 254/2016 (2018) • Biodiversity Policy (2022) • Induction in the FTSE 4GOOD • Part of Nasdaq Sustainable bond network (2023) Index (2018) • CDP Water A- (2022-2023) • Green Financing Framework a
Slide 4: Our Business Model
Our Business Model Sustainability is at the heart of the strategy, which focuses on a fair, ecological and shared transition, and is divided into the two pillars of circular economy and energy transition. 4
Slide 5: Governance of Sustainability
Governance of Sustainability How Sustainability is structured BOARD OF DIRECTORS ESG AND TERRITORY SUSTAINABILITY FOCAL POINT RELATIONS COMMITTEE DEVELOPMENT In charge of It supports and assists It oversees the Strengthens the approving the ESG the Board of Directors, development of coverage of 5 Pl
Slide 6: A2A and Sustainability Planning
A2A and Sustainability Planning Our Sustainability Policy and Sustainability Plan A2A was, back in 2016, among the first organizations in Italy to design its sustainability strategy based on the priorities dictated by the 2030 Agenda. Internal reflection led to the definition of two documents approv
Slide 7: Towards Green Autonomy – Strategic Plan 2024-2035
Towards Green Autonomy – Strategic Plan 2024 - 2035 In March 2024, A2A launched its new its Strategic Plan 2024-2035 • Circular Economy and Energy Transition still the main pillars of our strategy. • Businesses aligned with long-term trends to create sustainable value, ensuring financial soundness a
Slide 8: We invest in future-fit businesses, aligning our strategy with future trends
We invest in future-fit businesses, aligning our strategy with future trends Future-fit strategy MACROTRENDS INVESTMENTS FUTURE-FIT1 SHARE Decarbonisation RES development 90% 90% Contribution to national and European decarbonisation targets CCUS Energy security Capacity market CAPEX EBITDA Growing n
Slide 9: BP 2024-2035 - Sustainability Leads our Strategy
BP 2024-2035 - Sustainability Leads our Strategy Energy Transition Circular Economy G ial For p reen aterbusines ses eop e le a ner m nd nd nd bu gy sin Wa ste rgy a eople a e rp es se s En red fo ve co Re 16 €B 6 €B Capex Capex in ’24-’35 in ’24-’35 y co no m For circular e 9 Enabling transition We
Slide 10: We aim at generating balanced and sustainable growth in the long term
We aim at generating balanced and sustainable growth in the long term Energy transition Circular economy A2A Group EBITDA | €B EBITDA | €B EBITDA | €B +9% +6% CAGR CAGR >2.2 ‘23-261 ‘23-351 >3.2 1.0 2.6 1.8 1.6 1.9 2.2 1.4 0.8 10 0.6 0.5 1.7 2023 2026 2030 2035 2023 2026 2030 2035 2023 2026 2030 203
Slide 11: Financial solidity supports shareholder remuneration
Financial solidity supports shareholder remuneration Net Debt / EBITDA | x Net income | €B Dividend per Share | €c <2.8x over the Plan period >1 B€ @2035 ≥3% YoY DPS growth from 2023 +10% +7% ≥3% CAGR CAGR <2.8 <2.8 ‘23-261 ‘23-351 >1 +6% 2.4 9.04 9.58 <2.4 0.7 0.6 0.6 11 0.5 2023 2026 2030 2035 202
Slide 12: The 24-35 Plan
The 24-35 Plan ESG targets guide our actions and strategy 12
Slide 13: Commitment to decarbonisation through tangible and measurable actions
Commitment to decarbonisation through tangible and measurable actions Scope 1 + 2 emissions | gCO2/kWh Goals achieved in 2021-23 Stop to coal production plant Brescia district heating 85% renewable 1.8 TWh produced from wind and solar 226 gCO2/kWh Target confirmed 13 -30% Action Plan 2024-35 emissio
Slide 14: Climate-related Risk and Opportunities
Climate-related Risk and Opportunities Fighting climate change is not only about measuring the Group’s performance and setting proper decarbonization targets: in 2020, A2A adopted the TCFD framework and put in place a comprehensive system to identify and manage climate-related issues, by assessing r
Slide 15: Social & Governance Dimensions Of The Strategic Plan
Social & Governance Dimensions Of The Strategic Plan Commitment @2035 2023 2026 2030 2035 Women in managerial positions (%) 26.4% 28% 35% 40% Gender balance BoD (%) 60% 63% 90% 96% Employees engaged in Performance Management with assigned objectives (%) 50% 60% 100% 100% 15 Disabled employees involv
Slide 16: EU Taxonomy: Our Reporting Process
EU Taxonomy: Our Reporting Process Starting from FY22, as requested by the EU Taxonomy Regulation, A2A started to disclose the share of Turnover, CapEx and OpEx related to eligible and aligned activities. The process involved the whole Group and a proper software has been used. A COMPREHENSIVE INVOL
Slide 17: EU Taxonomy: Our Reporting Process
EU Taxonomy: Our Reporting Process To standardize and automate the calculation methodology, starting from the 2022 fiscal year, A2A has adopted a dedicated application capable of structurally managing all financial and non-financial information useful for evaluating assets/businesses that fall under
Slide 18: EU Taxonomy: 2023 results
EU Taxonomy: 2023 results Within the 2023 Integrated Report, the percentages of Turnover, CapEx and OpEx related to Taxonomy-eligible and aligned activities have been published. Turnover CapEx OpEx 18 Eligibility share Alignment share
Slide 19: Our transition
Our transition Ecological • -60% total emissions @2035 (vs 2022) • 55% of heat recovered fed into the district heating grid @2035 Shared • 0% waste to landfill out of the total waste collected and treated by the • 78% average of EU Group 19 Taxonomy eligible CapEx @2035 • 90% ordered assigned to sup
Slide 20: Annexes
Annexes on Sas! a2za
Slide 21: Sustainable Finance Highlights
Sustainable Finance Highlights Conventional vs ESG Debt as of 31 March 2024 | % ESG Debt evolution and Targets 120% +11% 100% Effective Target 17% vs Q123 80% 75% 60% 25% 23% >90% 100% 40% 75% >80% 70% 60% 58% 20% 44% 28% 0% FY 2020 FY 2021 FY 2022 FY 2023 Q1 2024 2026 2030 2035 Conventional Debt ES
Slide 22: Bonds and Sustainable Finance
Bonds and Sustainable Finance Outstanding Bonds Outstanding Amount Annual Coupon Issue Date(1) Maturity Date(2) Issue Price Re-offer Yield Rating (S&P/Moody’s)(3) (€M) Euro Green Bond 2034 500 4.375% 03/02/2023 03/02/2034 98.824% 4.513% BBB/Baa2 Euro Green Bond 2030 650 4.500% 19/09/2022 19/09/2030
Slide 23: Effective governance model, diversified Board of Directors
Effective governance model, diversified Board of Directors BOD Independence(1) BOD Diversity Board of Directors Current Board in charge until 2026 AGM Committees (1) • Independence of BoD members: 83% according to Age the art. 148 TUF, 67% according to the Corporate Compensation ESG and Position Mem
Slide 24: Contacts
Contacts A2A Investor Relations Team 24 E-mail: ir@a2a.it Phone: +39 02 7720 3974 https://www.gruppoa2a.it/en/investors