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EV CHARGING INFRASTRUCTURES» Field Trip January 12, 2021 Acea Is a Leading Multi-Utility Player in the Italian Market

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EV CHARGING INFRASTRUCTURES» Field Trip January 12, 2021 Acea Is a Leading Multi-Utility Player in the Italian Market «EV CHARGING INFRASTRUCTURES» Field Trip January 12, 2021 Acea is a leading multi-utility player in the Italian market Commercial & 2019 EBITDA Water Trading Power generation Green With more than Leader With more One of With 6.5 player 250 MW than in the water 9 M the main TWh in power of installed 1.042 M€ supply sector in customers players in the of electricity sold generation in Italy capacity1 EBITDA Italy in Lazio, Italian energy 2019 Toscana, market Engineering and Umbria, Molise e services Campania 81% regulated Energy Business line With more offering than 100 M€ Ownership structure Infrastructure Environment technical of services (Source: CONSOB December 2020) to every year Caltagirone services the Group 5.5% Leading With 10 TWh 4th player With more Italian player in of distributed in the Italian than 1.3 Market the electricity electricity waste treatment M tons 20.2% Roma Gas distribution Capitale distribution sector of treated / 51% market disposed waste Entry in the gas distribution Suez business with ~100k 23.3% redelivery points2 Note: (1) ~120 from hydroelectric plants and ~97 from thermoelectric plants; (2) Pescara gas acquired in 2019 and Alto Sangro Gas acquired in 2020 2 MIL Presentazione Acea_EV Ch ... deo_v6 G R I D S Growth Renewables Innovation Delivery Sustainability Growth driven by …also supported by …together with …proving a …with increasing regulated investments in investments for new consistent track focus on businesses, with RES, both industrial innovative services record of environmental significant scale and consumer (VAS) outperforming impact and circular investment related business plan economy to RAB… targets 6.7% 747 MW 0.6 B€ >5% -11 pp EBITDA CAGR Installed PV capacity Innovation capex Avg. EBITDA outperformance Water losses in 2024 2019-24 in 2024 2020-24 vs. plan (last 3 years) 5.9 B€ ~1000 2200+ 4.7 B€ 150+ Domestic PV plants in EV charging stations «Smart Comp» 2024 RAB Capex and M&A 2020-24 2024 in 2024 composters in 2024 Acea as a leading player in infrastructure and sustainability 3 MIL Presentazione Acea_EV Ch ... deo_v6 Strategy and targets Key financials EBITDA | M€ Cumulative CAPEX | B€ RAB | B€ CAGR +6.7% Regulated CAPEX Other CAPEX CAGR +6.0% Infr. Old Old Plan Plan Water1 Net Income | M€ DPS | € Increasing dividends vs. previous plan 860M€ dividends distributed 0.80 €/share minimum throughout the plan dividend in 2021 Note: (1) Water RAB value does not consider RAB of sub-consolidated companies; (2) The value does not consider the PV portfolio deconsolidation in 2022 included in the New Business Plan (38M€ EBITDA reduction because of PV deconsolidation in 2022) 4 MIL Presentazione Acea_EV Ch ... deo_v6 More than 2B€ related to specific sustainability targets with highest relevance and priority to the Group SUSTAINABILITY Sustainable Development Goals (SDGs) CAPEX related to sustainability targets | M€, 2020-2024 Related to investments in 2.1B€ of investments related to sustainability targets over the plan sustainability (+400M€1 vs. previous Business Plan): 263 water losses reduction 220 resiliency of Rome aqueduct system 127 efficiency of purification system 234 installation of smart meters for water and electricity 492 resiliency and efficiency of electric grids 58 infrastructure modernization and remote mgmt. Acea sustainability rating 4452 circular economy treatment of waste 29 e-mobility infrastructure A- EE- Leadership Positive 212 increase of green energy generation Note: (1) +180M€ related to the installation of smart water and electric meters, +120M€ related to efficiency and resiliency of electric grids, +100M€ to improve the efficiency of the purification system; (2) Includes 206M€ of M&A capex 5 MIL Presentazione Acea_EV Ch ... deo_v6 New and more challenging targets vs previous business plan SUSTAINABILITY Acea targets at 2024 (vs. 2019) DECENT WORK GDP and employment increase 8 AND ECONOMIC +5.8 B€ +21k GROWTH Preliminary and partial estimate only for the selected period GDP stable FTEs 1 -11 pp +36 CLEAN WATER Water resource protection losses reduction 6 AND SANITATION rationalized Losses reduction, IoT grids’ management, rationalization of purification system (440+ Mm3 of purification plants resource saved) AFFORDABLE Quality of electricity service -40% ~2,600 7 AND CLEAN Intervention Risk cabins involved ENERGY Improved resiliency of electric grids Index (IRI) INDUSTRY, 9 INNOVATION AND 2 INFRASTRUCTURE Smart city +2,200 ~1.8M 2G and water SUSTAINABLE Installation of EV charging stations and water / electric smart meters charging stations 11 CITIES AND smart meter COMMUNITIES RESPONSIBLE Circular economy CONSUMPTION +1.6 Mton -45% 12 AND Waste treated with circular economy logics and reduction of sludge coming out of (+120%) sludge coming out of PRODUCTION purification plants waste treated purification thanks to process innovation (drying) CLIMATE Green energy -43% >140 kton/y 13 ACTION gCO /KWh produced CO avoided for Increase in production and consumption of green energy 2 2 by Acea produzione internal consumption Note: (1) Weighted average for the area; (2) 1.3M of meters related to the Energy Infrastructure business (Areti) and 0.5M meters related to the Water business 6 MIL Presentazione Acea_EV Ch ... deo_v6 Strategy and targets Solid financial structure Highlights Net Financial Position | B€ Working Average working capital absorption Capital over the plan (~40 M€/year1) Old Plan Rating BBB+ Baa2 NFP / EBITDA Outlook stable Outlook stable NFP / RAB Financial maturities | M€ Debt As of September 30, 2020 ~1,400 M€ • ~5.6 years average debt duration Maturing debt over the Plan • ~1.8% average cost of debt • 82% fixed rate debt • 600 M€ of committed lines (500 M€ undrawn and available until 2023) ~2,600 M€ Financial requirements need Note: (1) Without 2020 Covid-19 impact 7 MIL Presentazione Acea_EV Ch ... deo_v6 Commercial & trading Commodity Smart Services 8 MIL Presentazione Acea_EV Ch ... deo_v6 Commercial & trading Overview – Business Plan 2020-24 targets Focus on energy commodity: main initiatives and targets 2 0 2 0 - 2024 BUSINESS PLAN TARGETS Commercial Focus on core territories with growth in the +240k Center and South of Italy customers (net growth vs 2019) expansion in the Center and South of Cross-selling and up-selling opportunities ~700k thanks to regulated market phase-out in 2022 customers switching to free market Italy, supported by Boost of dual fuel penetration (i.e. gas) on the +80k regulated market existing customer base gas customers vs 2019 phase-out and Digital Attack through a new platform for +100k «digital» offerings customer journey management digital customer vs 2019 9 MIL Presentazione Acea_EV Ch ... deo_v6 Commercial & trading Overview – Business Plan 2020-24 targets Focus on Smart services: main initiatives and targets 2 0 2 0 - 2024 BUSINESS PLAN TARGETS Development of a Organic development of e-mobility segment with 2,200+ charging stations increase and value-added services charging stations Services-Based at 2024 Company to Push on energy efficiency services leveraging on 100+ opportunities from fiscal incentives condominiums strengthen the at 2024 relationship with Installation of «Smart Comp» composters, 150+ managed remotely through an IoT platform composters installed developed by Acea at 2024 customers and increase Acea Group Installation of residential PV and solar thermal ~1,000 plants plants installed brands franchise at 2024 10 MIL Presentazione Acea_EV Ch ... deo_v6 Commercial & trading Overview E-mobility market overview Context Acea positioning on the different business models • E-mobility services can be divided into 2 main areas: Digitalization Advanced energy service – Charging Point Operator (CPO) which refers to the provider (AESP) management of the E-mobility service • «Virtual MSP» - infrastructure (charging provider (MSP) Mobility as a service stations) allowing the vehicle Charging Point • Vehicle to grid recharge Operator (CPO) • Client acquisition • Marketing – E-mobility Service Provider • CRM/ Front Office (MSP), regarding the Charging Point • Data management provision of the charging Asset Owner Platform & • Car sharing service to the end customer Services • Mobility as a service • Charging stations • Platform O&M and • Other services (e.g. • Acea operates both as a property and O&M development long term rental) CPO and MSP, but through • EPC for charging different legal entities, that stations installation are Acea Innovation and Acea Energia, respectively Complexity 11 MIL Presentazione Acea_EV Ch ... deo_v6 Commercial & trading Overview E-mobility market overview F O C U S O N E - MOBILITY VALUE CHAIN ILLUSTRATIVE NUMBERS – V A T E X C L . E-mobility value chain CPO / MSP revenues breakdown on a «Quick» charging station (€/MWh – VAT excl.)1 • The CPO buys and installs Index at 100% for Energy Cost the charging stations (Capex) • CPO manages and monitor the charging stations through a Extra services (e.g. dedicated platform stations booking) and other products • MSP players provide end sales (e.g. wallbox) not included users the opportunity to recharge their e-vehicles, generally through a Mobile App or RFID cards • The MSP pays the energy consumed by its clients to the CPO, which gets the energy from the DSO3 CPO MSP 1Revenues and costs breakdown considering a Quick (22kW) charging point at 2024 2Includes marketing costs and call-center costs 12 3DSO: Distribution System Operator, meaning the entity managing energy distribution networks operating at low and medium voltage MIL Presentazione
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