Press Release

Focus on sustainability for value creation

EBITDA in 2024 at 1.4 billion Euro, increasing by 38% compared to 2019
Total capex of 4.7 billion Euro, including 4.3 billion industrial capex and 0.4 billion related to M&A transactions
Over 2 billion Euro of investments related to specific sustainability targets, 400 million Euro higher than 2019-2022 Plan
RAB to reach 5.9 billion Euro in 2024 with a growth of 34% compared to 2019
Minimum dividend of 0.80 Euro per share in 2021

Plan Targets

• Average annual EBITDA growth of 7% reaching 1.3 billion Euro in 2022 and 1.4 billion Euro in 2024, with an overall increase of 38% by the end of the Plan period.
• Total capex of 4.7 billion Euro during the period 2020-2024, with a growth of approximately 700 million Euro compared to the previous Plan.
• Balanced evolution during Plan period of NFP/EBITDA ratio, at 3x, and the NFP/RAB ratio, at 0.7x, in 2024.
• Total dividends of 860 million Euro during the period 2020-2024, higher than the
  previous Plan.

To read more download the attached pdf.