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Strategy

New Strategic framework

 

Transformation

Business strengthening & change

Generation  A2A key actions

 

Greener portfolio
  • Further expansion of RES platform
  • Conventional plants reconversion

 

Leadership in gas-fired generation
  • Leadership consolidation in flexible CCGT plants,optimizing risk/return ratio thanks to Capacity market
  • Improvement of gas sourcing

 

Adequacy & flexibility provider
  • Match of growing need for peak capacity
  • Exploration of innovative flexibility services
Market  A2A key actions 

 

Customer focus
  • Outstanding client service, with new multi-channel customer experience
  • Preservation of excellent operations
  • VAS in safety, comfort, energy-saving
  • Energy advisor for SMEs and large enterprise
  • Digitalization to enhance service/acquisition

 

Boost in new services
  • New services: flexibility, DERs and storage
  • New EPCs in energy efficiency services
  • Organic growth in Public Lighting
  • Expansion of electric mobility business

 

Mediuml-long term challenges
  • Innovation & Digital to develop new services
  • Unlocking IoT opportunities
Waste  A2A key actions 

 

From waste to commodity
  • Become Italian leader in recycling, selling high-quality secondary raw materials
  • New WTE capacity to maintain safety of the Italian waste treatment system

 

End-to-end partner for urban services
  • Enlarging geographic presence, leveraging on value chain integration
  • Smart and innovative solutions for our territories

 

Continuos technical innovation
  • Maintain plants at best available technology for environmental sustainability
  • Improve circularity with innovation

 

Networks  A2A key actions 

 

Cross business synergies
  • Multi-business operation synergies (e.g. smart meters deployment, gas/ee integration in Unareti)
  • Adoption of automated and digital solutions for asset and workforce management

 

Smart grid and quality improvement
  • Achieve smart and resilient networks
  • Improve energy efficiency of DH networks
  • Develop water cycle performances

 

Gas Tenders
  • Selective growth in high-priority ATEMs
  • Focus on geographical consolidation

 

Excellence

Agile organization
Leader in operational excellence

 

Community

Attract and empower people
Engage external ecosystem

 

A2A uniqueness

Integrated Multi-Business Portfolio

Integrated Multi Business

 

 

 

A2A unique business portfolio with a well balanced volatility/growth mix

Maximizazion of cross-BU synergies

 

 

 

 

Execution capabilities

Active Generation Capacity

 

 

 

Proven ability in CAPEX execution and in reacting to scenario changes

Possibility to replicate successful models (LGH, plants flexibilization, PV, …)

 

 

 

 

Urban system integrator

Urban System Integrator

 

A2A positioned to lead urban circular economy and energy transformation

Deep multi-level infrastructural presence

Proven capability to attract and involve local players in key territories

Highlights

  • After the brilliant results of the 3R&3D Plan that guided the Group in the three-year period 2015-2017, the new Strategic Plan, "TEC" has been announced
  • Growth in investments with a focus on digital and innovation
    • 2.8 billion euros over five years, of which approximately 20% dedicated to digital investments and technological innovation;
    • strong growth in renewables
  • Further strengthening of the economic-financial results
    • EBITDA at 1.39 billion euros and Net Profit at 0.48 billion euros in 2022
    • NPF at 3.03 billion euros, NFP/EBITDA ratio down to 2.2x
  • Dividend growth confirmed
    Dividend targets:
    • 2018: euro 6.7 cents per share;
    • 2019: 7.5 euro cents per share;
    • in the following years minimum DPS growth equal to 5% per annum
  • Additional projects not in the Plan
    • The Plan does not prudently incorporate various growth initiatives, including territorial aggregations
  • • Integration of the Strategic Plan and Sustainability Plan
    • 2018-2022 Sustainability Plan approved and its 4 Pillars (Circular Economy, Decarbonization, Smartness in the Networks and Services and People Innovation) with the inclusion of the respective objectives directly in the new Strategic Plan

 

A2A targets

Further details

2014-2017 achievements

Industrial targets achieved and financial targets overdelivered

Where we start from:

Relaunch  Relaunch

Consistent industrial growth
Selective external growth

  • +560 K customers (EE and Gas free market customer base)
    +800 Kt waste treated
    +200 €M of RAB
  • ~130 €M of operating efficiency
  • 14 M&A deals +105 €M EBITDA
  • Largest territory aggregations (+1 in pipeline)

 

Regeneration  Regeneration

Active role in the energy market transformation

  • CCGT fleet active management: 4x production vs. 2014
  • Stable profitability (volatility <10%)
  • Created PV platform (+35 MW)
  • Pilot projects on innovative solutions (UVAP, drones…)

 

Reshape  Reshape

Public lighting, smart city, energy efficiency

  • First-mover in consolidating energy efficiency sector
  • +60% A2A Smart City EBITDA
  • 120 K LED installed (+135%)
EBTDA (€M) 2014 2017
Regulated 420 437
Quasi regulated 236 343
Merchant low volatility 82 158
Merchant high volatility 287 273
Total 1,024 1,211
+18% Higher and more stable margin

 

  2014 2017
NFP/EBTDA (€M) 3.3 2.7
-18% Capital structure reinforced

A2A Business Plan News

Periodic update service for investors and analysts on the significant steps of A2A Business Plan – such as relevant investments, new projects, achievements, contracts, agreements.

Concise, non-price sensitive news related to the Strategic Plan Guidelines and the Business Units concerned.