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A2A as an investment

VALUE

Value from asset quality, diversification and synergies

A2A ASSET PORTFOLIO - FIRST CLASS ASSET BASE AND SIZE


Generation WASTE

1st energy producter from WTE plants

- Inhabitants served: 3.53 millions
- Waste disposed of: 3,547 Kton
- WTE and biogas electricity production: 1,807 GWh


Generation MARKET

Leader for quality and customer satisfaction

- Electricity PODs: 1,135 k
- Gas PODs: 1,511 k
- Public lighting (n.): 258,090 of which 214,499 LED


Generation  NETWORKS

NETWORKS - Incumbent in the key areas:

- Electricity distribution network: 15,571 Km
- Gas distribution network: 14,218 Km
- Water distribution network: 5,686 Km

HEAT - 1st domestic operator

- Heat volumes sales: 2,768 GWht


Generation GENERATION

~2 GW hydro installed capacity

- Total installed capacity: 8,650 MW
- Thermoelectric capacity: 6,694 MW
- Hydroelectric capacity: 4,495 MW
- Photovoltaic capacity: 98.3 MW


Generation WASTE

1st energy producter from WTE plants

- Inhabitants served: 3.53 millions
- Waste disposed of: 3,547 Kton
- WTE and biogas electricity production: 1,807 GWh


Generation MARKET

Leader for quality and customer satisfaction

- Electricity PODs: 1,135 k
- Gas PODs: 1,511 k
- Public lighting (n.): 258,090 of which 214,499 LED


Generation  NETWORKS

NETWORKS - Incumbent in the key areas:

- Electricity distribution network: 15,571 Km
- Gas distribution network: 14,218 Km
- Water distribution network: 5,686 Km

HEAT - 1st domestic operator

- Heat volumes sales: 2,768 GWht


Generation GENERATION

~2 GW hydro installed capacity

- Total installed capacity: 8,650 MW
- Thermoelectric capacity: 6,694 MW
- Hydroelectric capacity: 4,495 MW
- Photovoltaic capacity: 98.3 MW

INTEGRATED MULTI-BUSINESS PORTFOLIO BRINGING A NATURAL RISK HEDGING AND MAXIMIZING CROSS-BU SYNERGIES


Generation WASTE

- Collection and street sweeping

- Urban Waste Treatment
Meterial Recovery
Electricity and Heat production

- Industrial Waste Treatment


Generation MARKET

- Electricity and gas sales
Free market
Regulated market

- Public Lighting
- New Energy Solutons:
Energy Efficiency, E-mobility, Smart City


Generation  NETWORKS

- Electricity distribution
- Gas distribution
- Integrated Water Cycle

HEAT - 1st domestic operator

- Cogeneration, heat recovery and sales
- Heat distribution


Generation GENERATION

- Fuel sourcing
- Power generation (Thermoelectric and RES)
- Whole-sale & Trading


Generation WASTE

- Collection and street sweeping

- Urban Waste Treatment
Meterial Recovery
Electricity and Heat production

- Industrial Waste Treatment


Generation MARKET

- Electricity and gas sales
Free market
Regulated market

- Public Lighting
- New Energy Solutons:
Energy Efficiency, E-mobility, Smart City


Generation  NETWORKS

- Electricity distribution
- Gas distribution
- Integrated Water Cycle

HEAT - 1st domestic operator

- Cogeneration, heat recovery and sales
- Heat distribution


Generation GENERATION

- Fuel sourcing
- Power generation (Thermoelectric and RES)
- Whole-sale & Trading

GROWTH ORIENTED MULTI-UTILITY

To view main financial figures and ratio click here

GROWTH

Disciplined growth  open to sector dynamics

2018 VS. 2014 - DELIVERED INDUSTRIAL AND FINANCIAL VALUE

2018 vs. 2014 Track Record
EBITDA
Higher and more stable margin
DPS
Dividends growing steadily
CAPEX
Investing more with quality
NFP/EBITDA
Capital structure reinforced
+20% +93% +77% -25%
 
 

STRATEGIC VIEW ALIGNED TO MEDIUM-LONG TERM TRENDS AND UNDERPINNED BY SUSTAINABILITY

TRANSFORMATION EXCELLENCE COMMUNITY

A2A will make a significant effort to undertake, in its 4 reference businesses, the transformation actions necessary to respond to the identified market trends: 

-Circular Economy
-Energy Transition
-Smart Solutions

Starting from the positive experience of the EN&A Project, the Mistral Project has been launched: focus on operational excellence through a bottom-up redesign of processes and the transformation of the managerial culture. Moreover, strong boost in Capex for digitalization and technological innovation (>500 €M in the period). Over 350 innovation concepts evaluated will be translated into the experimentation of about 50 new initiatives
SUSTAINABILITY

For more information click here

AMBITIOUS BUT ACHIEVABLE TARGETS DELIVERING A SOLID ECONOMIC-FINANCIAL GROWTH

KEY FINANCIAL HIGHLIGHTS - 2017 TO 2022
Year Ordinary EBITDA Ordinary Net Income Net Debt NFP/EBITDA Others Targets
2018 1.2 €Bn 344 €M 3.0 €Bn 2.5 x CAPEX 2019-2023:
~3.7 €Bn
(plus ~0.3 €Bn of RES development)
 
2023 1.5 €Bn 462 €M 3.3 €Bn 2.2 x

 

SUSTAINABILITY

As a key pillar

A2A STRONG COMMITMENT TO SUSTAINABILITY

A2A SUSTAINABILITY EMBEDDED IN THE STRATEGIC PLAN

 

DIVIDENDS

Focus on dividends

DIVIDENDS ON A GROWING TREND SINCE 2014

 

BETTER DIVIDENDS VISIBILITY WITH STRONGER CAPITAL STRUCTURE