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We are Italian leaders in integrated water service management and one of the foremost domestic operators in electricity distribution and the environment. We are also present in the electricity generation and sale and gas distribution sectors. We are working to improve residents' lives by offering quality essential services, in line with our Group mission.
A predominantly regulated business. Of the Italian multi-utilities, we are the industrial company with the highest percentage of regulated business: 86% of our 2022 EBITDA came from regulated sectors (Water, Electricity Distribution and Environment).
Ample growth prospects. We are the benchmark industrial player in the centre-south of Italy. Our territorial location allows us to rely on a unique pool of growth opportunities, in terms of both number of residents and local development needs.
An industrial Group that focuses on infrastructural investments. The strategy places considerable emphasis on our industrial and sustainable core, paying great attention to infrastructures, technological innovation and responsible development, also with a view to enhancing the growth of the territories where we operate.
We expect to invest 4.7 billion Euro during the 2020-2024 plan timeframe, including industry-related capex amounting to 4.3 billion Euro, of which more than 80% in regulated businesses. A major drive comes from innovation, where investments totalling 615 million Euro are anticipated during the plan period in projects concerning digitalisation and the creation of network and service intelligent management systems.
Constant focus on sustainability.In the 2020-2024 business plan, sustainability constitutes a structural element that guides the Group’s business decisions and operations management. Investments totalling 2.1 billion Euro are related to specific sustainability targets, including the protection and management of water resources and the reduction of leaks, the development of electric mobility, the circular economy and the fight against climate change. Recognition of our commitment came in December 2022 with ACEA’s inclusion in the MIB ESG Index, the first ESG index dedicated to Italian blue-chips, conceived to identify the major listed companies offering best ESG practices.
Dividend policy. Our 2020-2024 business plan envisages the distribution of dividends totalling 860 million Euro over the plan period. The dividend proposed for 2023, in reference to FY2022, amounts to 0.85 Euro per share, in line with 2021, within a scenario characterised by uncertainty and volatility.
Cost-of-debt. As at 31 December 2022, 84% of debt carries a fixed rate, with an average duration of 4.4 years and average cost of 1.44% (compared to 1.42% in 2021).
Data as at 31 December 2022
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