Terna Rete Elettrica Adr (TEZNY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen. Welcome to TELA's first quarter 2025 Consolidated Results presentation. At this time, all participants are in listen-only mode. Please be advised that this conference is being recorded. I'd like to hand the conference over to your host speaker today, Mr. Stefano Gamberini, having reservations. Please go ahead, sir. Thank you. Good afternoon, everyone, and welcome. to Terna's first quarter 2025 results presentation. The call will be hosted by our CFO, Francesco Beccali. Following the presentation, we will have the Q&A session. So we kindly ask you to send any question you might have to our email address, investor.relations and at terna.it. Thank you. Please, Francesco. Thank you Stefano and good afternoon everybody. Before starting to analyze the figures, I would like to take a moment to highlight the main achievements of the first quarter of 2025. First of all, on March 25th, we presented the update of the 2024-28 industrial plan, which outlines investments totaling 17.7 billion euros, an increase of 1.2 billion compared to the previous plan. This update strengthens even more Terna's role as a key enabler of the energy transition, driving Italy toward decarbonization and reducing dependency on foreign energy supply. For what concerns regulated activities, Terna planned to invest a total of 16.6 billion euros in the five-year period of 2024-2028 to develop and modernize the national electricity transmission grid, marking an historical record level of regulated investment. In this regard, let me remind you that on March 14th, CERNA presented the 2025 National Development Plan with over 23 billion euros of investment plan over a 10-year time horizon for a safer and more resilient grid. On this point, I would like to highlight that d...