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A2A (A2A) investor relations material
A2A Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Business model and strategic positioning
Focuses on energy transition and circular economy, supporting decarbonization and Italy’s competitiveness.
Operates a diversified asset portfolio: 2.7 GW RES capacity, 2.3 Mton waste disposed for energy recovery, and 3.6M mass market customers.
Integrated business mix spans generation, trading, smart infrastructures, waste, heat, and water services.
Second largest Italian operator in RES production and electricity sales, with strong market positions across energy and waste sectors.
Nearly 70% of capex is EU Taxonomy eligible, emphasizing sustainability.
Financial performance and targets
2025 adjusted revenues: €14.0B; adjusted EBITDA: €2.24B; adjusted group net profit: €0.69B.
2024–2035 investment plan totals €23B, with 81% allocated to development and 74% to low-volatility segments.
Dividend per share set to grow at least 4% annually through 2035, with a 2025 DPS of €0.104.
ROI and ROE targets for 2025–2035 average 12% and 10% respectively.
Maintains a strong liquidity position and commitment to investment grade ratings.
Operational and sustainability initiatives
Plans to reach 5.7 GW RES capacity and 16,000 EV charging points by 2035.
Targets 6.6 Mt waste treated and 2.3 TWh renewable heat by 2035.
Data center business leverages energy assets and heat recovery for district heating.
Net Zero by 2050, with 2030 target of 228 gCO2/kWh for Scope 1 & 2 emissions.
100% of executives have sustainability-linked incentives; 90% of employees have cascaded objectives by 2028.
- Revenue up 15% YoY, EBITDA and net profit down; renewables and grid investments continue.A2A
Q1 202620 May 2026 - Revenue up 9% to €14.0bn, EBITDA down 4%, capex up 11%, leverage at 2.4x, dividend up 4%.A2A
Q4 202517 Mar 2026 - EBITDA up 45%, net income up 75–86%, guidance raised, and sustainable finance expanded.A2A
H1 20242 Feb 2026 - EBITDA up 33% and net income up 68% year-over-year; 2024 guidance raised on strong results.A2A
Q3 202415 Jan 2026 - EBITDA and net income surged with record capex and robust green, network, and profit growth.A2A
Q4 20242 Dec 2025 - Revenue up 16% YoY, EBITDA down 4%, capex up 37%, 2025 guidance confirmed.A2A
Q1 202518 Nov 2025 - Revenue up 12%, EBITDA down 4%, net profit down 19%, capex up 15%, guidance strong.A2A
Q3 202512 Nov 2025 - Revenue up 13%, EBITDA down 4%, capex and leverage improved, guidance at upper end.A2A
Q2 20258 Aug 2025 - EBITDA up 18% to €2.33bn, with record renewables and major grid expansion.A2A
Q4 2024 TU5 Jun 2025
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