CAPEX UE taxonomy aligned
CAPEX UN SDGs aligned
16 €B CAPEX 2021-30
~85% aligned to UN SDGs
~65% aligned to EU Taxonomy
~2,6 B€ EBITDA
The development of marginality is well balanced in terms of timescales. The EBITDA development target foresees reaching 2.1 billion euros in 2026 with further growth of about 0.4 billion euros in the final years of the plan, arriving at 2030 EBITDA of 2.6 billion euros, in line with the first ten-year plan presented.
The ordinary net earnings growth trend is coherent with that of operational marginality, moving from 0.4 billion euros in 2021 to 0.34-0.38 billion euros in 2022, to 0.6 billion euros in 2026 and to 0.7 billion euros in 2030 (2021-2030 CAGR at 6%), corresponding to a 2030 EPS of 22 euro cents (13 euro cents per share in 2021).
2021-2022F: 1.7 | 2023-2026: ~1.4 | 2027-2030: ~1.6
The percentage shown in the arrows represent the CAGR(compound annual growth rate)
(1) Net ordinary income net of special items
|Dividend per share (€c)||8.00||8.242|
Dividend growth of 3% YoY
Notes: A2A outlook forecast an inflation rate of 2.7% in 2023, 1.7% in 2024, 1.4% from 2025
(1) Dividend per share
(2) dps excluding the non-recurring component of 0,8 €c per share
The EBITDA of the Energy Business Unit is expected to grow from 0.6 billion euros in 2021 and in 2022F to 1.1 billion euros in 2026 and finally to about 1.2 billion euros in 2030 mainly following the strong contribution of the new renewable capacity (+2.5GW vs 2022 due to organic growth), developments in plants aimed at increasing the flexibility of the electricity system and of the customer base (5 million gas and power customers to 2030) also following the end of the protected market.
The growth in the Waste Business Unit is attributable to the acquisition of treatment plants for the closure of the waste cycle as well as the strengthening of material and energy recovery. EBITDA is expected to increase from 0.3 billion euros in 2021, to 0.4 billion euros in 2022, to 0.5 billion euros in 2026 and to 0.7 billion euros in 2030.
Nella Business Unit Smart Infrastructures, l’Ebitda è in crescita da 0, 5 miliardi di euro del 2021 a 0,7 miliardi di euro del 2030. Gli importanti investimenti previsti saranno indirizzati soprattutto allo sviluppo delle Rete elettrica.
(1) includes electricity networks, gas networks and water cycle