The update of the 2021-2030 Strategic Plan foresees an EBITDA rising from 1.4 billion euros in 2021 to 1.45-1.50 billion euros in 2022, to 2.1 billion euros in 2026 and to 2.6 billion euros in 2030, in line with the first strategic plan announced to markets in January 2021. Over 40% of 2030 EBITDA is regulated and contractualised, thus characterized by low volatility.
The update of the Business Plan, characterised by flexibility, by caution and the management of risk, as well as by an optimisation of financial resources, sees us focusing on the core businesses of the domestic market by means of organic growth.
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
A2A S.p.A. - P.I. 11957540153