Relaunch
- Growth in environment, smart networks and energy services
- Focus on low-risk business
Asset development
| REGULATED BUSINESS | WASTE TREATMENT DEVELOPMENT |
|---|---|
| Additional investments (+600 €M vs. previous plan) in core, growing, low-risk businesses | |
Market growth
| ORGANIC DEVELOPMENT | M&A AND SYNERGIES |
|---|---|
| Consistent growth in retail, waste collection and DH | Prudent M&A targets Conservative targeted synergies |
Cost reduction
| EFFICIENCY AND OPTIMIZATION |
|---|
| En&A project on track and launch of a new operational excellence program |
Reshape
Public lighting
- Buying options in smart city and green economy
- From pilot projects to market solutions
Smart city
|
A2A SMART CITY |
MOBILITY SOLUTIONS |
|---|---|
|
Strong pipeline of business development agreements |
Catching the key trends in the mobility evolution: green, shared and connected |
Energy efficiency
|
PUBLIC LIGHTING |
ESCo PROJECTS |
|---|---|
|
Higher targets also thanks to selective M&A deals already ongoing |
New M&A deals in pipeline |
Regeneration - NEW
- Active role in the energy market transformation
- Flexible fleet to serve shortening EU markets
- Re-alignment with EU Winter Package
- Development by adjacencies
| MEDIUM TERM STABILITY | ACTIVE MANAGEMENT OF CCGT GROWING OPTIONS | RES/DERS NEW SOURCES OF GROWTH |
|---|---|---|
|
|
|
Discipline
- Operational excellence project adoption
- Further deleveraging, with higher Capex and DPS
- Sustainable Dividend policy
Dialogue
- Extension of multi-stakeholder forum and territorial sustainability reports
- Sustainability targetin management MBO
- People: ageing policy, welfare, managerial development, talent management, employer branding
Digital
- Further Business Unitsprocess digitalization
- New HR ERP
- Strong fiber development
- New IT and digital services to municipality
- Strong investments in automation
Highlights
- Readjustment of the strategic priorities - After the brilliant results of the two-year period 2015-2016, acceleration in networks, environment and customers; conventional generation towards transformation
- Significant increase in investments - 2.75 billion euros in five years (+500 million euros compared to the 2016-2020 plan). Almost 80% in networks and environment
- Further improvement in economic-financial results - EBITDA at 1.38 billion euros and Net Profit at 0.47 billion euros in 2021 NFP down by over 0.6 billion euros to 2.5 billion euros
- Increase in dividends confirmed 2019 - Target: 7.5 euro cents per share
- Potential upside from External growth and new efficiencies not in the plan - In line with previous Plans, the Plan, cautiously, does not incorporate various external growth and further cost efficiency initiatives
- 4 pillars of sustainability confirmed - Renewal of the commitment to Circular Economy, Decarbonization, Smart Grid and Services and People Innovation – with the breakdown of the 2030 Sustainability objectives, together with actions and results that can be achieved in the Plan period.
A2A targets
Restructure - Completed
Generation & Trading
- 20 €M cost savings in CCGT plants in 2 years
- Market/seasonal opportunities
- Leadership in ancillary services
- Chivasso already best in class, other plants under way
- A2A Energiefuture, thermal plant re-conversion
- A2A gencogas, single vehicle for A2A CCGTs
Relaunch
Environment
- +8% waste treated (2,800 ktons in 2016)
- +26% inhabitants served (3.4 M in 2016)
Energy retail
- +117% free market customers (694,000 POD in 2016)
Networks & Heat
- +13% District Heating network expansion in Milan (299 km in 2016)
Selective external growth
- 9 deals completed in 2 years
Reshape
Public lighting
- +125% LED relamping (196k lighting points in 2016)
Energy efficiency
- 1st Italian independent ESCo acquired (Consul System)
Smart City
- A2A Smart City company: set-up completed and first pilot projects administration
E-Mobility
- 1st Italian Fast Charge public network (90k recharges in 2016)
Discipline
- +50% of DPS increase in three years
- FFO/Debt, key rating indicator, improved up to 24%
- Implementation of Enterprise Risk Management structure
- 15 Lean Thinking pilot projects
Dialogue
- A2A's first sustainability plan & integrated report
- 4 multi-stakeholder forum and territorial sustainability reports
- People and organization:
- Smart working, Organizational Compass Project, Futura2a, ABC Project, Melograno, ...
Digital
- New digital platform for customer base
- Digitalization of networks processes (WFM, IDMS, …)
- Digitalization of CCGT Chivasso plant
- New solar thermodynamic plant at San Filippo del Mela site
Archives
A2A 2020 - Presente nel futuro. FY 2014 Results - Strategic Plan
For further details: Press Release
The A2A S.p.A. Board of Directors has approved the 2014 results
The Board of Directors has examined and approved the 2015-2019 Strategic Plan of the A2A Group