Cumulative CAPEX | €B, 2021-30 |
EBITDA |
Cumulative CAPEX and M&A | €B |
EBITDA | €B |
EBITDA (€B) | 1.2 | ~1.4 | 1.40-1.45 | ~1.60 | ~2.08 | ~2.90 |
Group’s Net Income1 (€M) | 335 | ~400 | 330-370 | >400 | ~500 | ~780 |
2020 | 2021 | 2022 | 2023 | 2026 | 2030 | |
---|---|---|---|---|---|---|
Dividend per share (€c) | 8 | ≥8.2 | ≥8.5 | ≥8.7 | CAGR ≥3% |
Notes: (1) excluding non-recurring items
The EBITDA of the Energy Business Unit is expected to double from 0.6 billion euros in 2021 to 1.2 billion euros in 2030, mainly thanks to the contribution of new RES capacity (+3.9 GW compared to 2020) and to the growth of the customer base (with a Group customer increase from around 2.9 million in 2021 to over 5.4 million in 2030), also following the end of the protected market. Furthermore, investment is foreseen in flexibility and in the starting up of a new high-efficiency CCGT plant, functional to guaranteeing security and flexibility for the national network in the important phase of transition to renewables.
Cumulative CAPEX | €B, 2021-30 |
Notes: (*) developments include 1.4 €B of M&A
EBITDA | €B |
The growth of the Waste Business Unit is driven by both the construction and the acquisition of treatment facilities aimed at completing the waste cycle and at the boosting of the recovery of material and energy. The operational marginality (EBITDA) is expected to grow from 0.3 billion euros in 2021 to 0.85 billion euros in 2030.
Cumulative CAPEX | €B, 2021-30 |
Notes: (*) developments include 1.4 €B of M&A
EBITDA | €B |
In the Smart Infrastructures Business Unit, EBITDA will see growth from the 0.5 billion euros of 2021 to 0.89 billion euros in 2030. The important investments planned will serve mainly for the development of the electricity network (2030 EBITDA at 235 million euros), for water cycle operations (2030 EBITDA at around 140 million euros) and for the further development of district heating (2030 EBITDA of over 220 million euros). The e-mobility sector will be strengthened too, with the ambition to become one of Italy’s top three charging point operators: in 2030, in fact, the A2A Group will hold an overall market share in Italy of between 15% and 20%, with more than 24,000 charging points as a result of investments amounting to more than 0.3 billion euros. The 2030 EBITDA associated with this business will be 80 million euros.
Cumulative CAPEX | €B, 2021-30 |
Notes: (*) developments include 0.03 €B of M&A
EBITDA | €B |