Funding needs: 7.3 €B between 2023 and 2030
Use of the capital markets to refinance existing and incremental debt, exploiting the most suitable instruments to provide diversification of sources and investors
Le sinergie industriali tra i nostri business permettono la creazione di modelli di transizione ecologica.
La qualità e il rinnovamento dei nostri asset rende concreta la generazione di valore per gli stakeholder e i territori.
Portafoglio delle attività, ottimo posizionamento per massa critica e qualità degli asset.
2021 Beyond the expectations
| A2A Group Highlights (million euros) |
2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| Revenues | 11,549 | 6,848 | 7,324 | 6,494 |
| Reported EBITDA | 1,428 | 1,200 | 1,234 | 1,231 |
| Ordinary EBITDA | 1,397 | 1,187 | 1,192 | 1,192 |
| EBIT | 660 | 554 | 687 | 588 |
| EBT | 590 | 473 | 581 | 490 |
| Group net income | 504 | 364 | 389 | 344 |
| Ordinary Group Net income | 400 | 335 | 378 | 438 |
| DPS (€) | 0.0904 | 0.080 | 0.0775 | 0.07 |
| Dividend Yield (%) | 5.4% | 6.1% | 4.8% | 4.6% |
| Net Financial Position | -4,113 | -3,472 | -3,154 | -3,022 |
| Consolidated Capex | 1,074 | 738 | 627 | 500 |
| Net Free cash flow - Change in NFP | -641 | -318 | -132 | 204 |
| Manpower (units) | 13,176 | 12,907 | 12,186 | 12,080 |
Dynamic M&A track record
To view the current and historical track record of A2A acquisitions and disposals
Our focus on ESG issues and, in particular, on the ecological transition, embraces all our activities and provides the Business Units with solid, clear guidelines to help in their decision-making and investment plans.
A2A will achieve carbon neutrality on direct and indirect emissions by 2040
Group Emission Factor @2030
RES Installed Capacity @2030
Net waste treated @2030
2021-30 CAPEX 21 related to UN SDGs
10-years cumulative Capex
EBITDA @ 2030
Ordinary Net Income @2030
FFO / Net Debt @2030
Robust growth over the entire plan period ensuring high returns and great financial soundness
| 2021 | 2022F | 2026 | 2030 | |
|---|---|---|---|---|
| Reported EBITDA (€B) (CAGR ‘21 – ’30: 7%) |
1.43 | 1.45-1.50 | 2.1 | 2.6 |
| Ordinary Net Income (€B) (CAGR ‘21 – ’30: 6%) |
0.4 | 0.34-0.38 | 0.6 | 0.7 |
| Dividend per share (€c) | 8.24* | CAGR 3% | ||
* Dividend per share excluding the non-recurring component of 0.8 €c per share
We have drawn up an investment plan for our transformation, maintaining solid credit indicators with a commitment to maintain current rating
Use of the capital markets to refinance existing and incremental debt, exploiting the most suitable instruments to provide diversification of sources and investors
Expected increase in the average cost of debt in the next years, due to the interest rate scenario, mitigated by our proactive funding management
Stability in the average maturity of the debt thanks to our prudent liability management
Investments aligned with the UN SDGs and EU taxonomy allow for new issues of green / sustainability-linked bonds, as occurred in 2022
2021-30
Dialogue and engagement with the financial community are of vital importance to our growth. .
Useful resources
Services
A2A S.p.A. - P.I. 11957540153