Terna Rete Elettrica Adr (TEZNY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to TERNA's consolidated results first half 2025 conference call. At this time, our participants are in listen-only mode. Please be advised that today's conference is being recorded. I'd like to hand the conference over to your host speaker today, Mr. Stefano Gamberini, head of Mr. Relations to begin. Please go ahead, sir. Thanks a lot. Good afternoon, everyone, and welcome to TERNA's first half results presentation. The call will be hosted by our CEO and General Manager, Giuseppina Di Foggia, and our CFO, Francesco Beccali. Following the presentation, we will have the Q&A session, so we kindly ask you to send any questions you might have to our email, investor.relations at terna.it. Please, Giuseppe. Thank you Stefano and good afternoon everyone. Before looking at the figures, I'd like to take a moment to highlight some of our most recent achievements. In March, we presented the new 10-year National Development Plan. This plan outlines the main grid development projects requiring investments of over 23 billion euros by 2034. Shortly after, we published the updated 2024-2028 industrial plan, which sets out investments totaling 17.7 billion euros. These investments are aimed at improving the efficiency, resilience, sustainability and security of our grid while also supporting the integration of renewable energy sources. In doing so, Terna continues to reinforce its role as a key enabler of the energy transition, helping the system move towards decarbonization and reducing reliance The 7% increase in capex compared to the previous plan is mainly driven by the security plan, which focuses on enhancing grid resilience and renewing assets. It also includes new projects that promote digitalization, the use of advanced techno...