With the 2024-2028 Business Plan, presented on 6 March 2024, we intend to consolidate our infrastructure leadership positions in the Water, Electricity and Environmental regulated sectors, by integrating ESG criteria more and more into our business decisions and strengthening our commitment to valorise our people.
"The Plan, which we have called “Green Diligent Growth”, envisages significant growth and focus on three regulated businesses aimed at making our infrastructure more and more sustainable and resilient, with investments totalling €7.6 billion to sustain the country’s development."
Fabrizio Palermo, Chief Executive Officer and General Manager
The 2024-2028 Business Plan, which provides for a significant increase in our investments, enhances the Group’s role as infrastructure operator with good financial leverage, a leading player in the energy transition, decarbonisation and enhancement of the territory, from a circular economy perspective.
Business Plan press release
Business Plan Presentation
Business Plan Video Presentation
Our Plan’s guiding principles:
To develop and manage safe and sustainable infrastructure.
By way of our People, to ensure access and circularity as regards fundamental resources for Residents, Companies and Territory.
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Focus on regulated infrastructure businesses by strengthening positioning and expanding into adjacent segments.
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Diligent |
People at the center.
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Growth |
Capex increase (also in innovation).
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91% of Capex envisaged during the plan period will be destined for regulated businesses – water, electricity, environment – funding a number of projects and enabling an acceleration of sustainable growth to support the country.
Investments
€7.6 bn in 5 years
All-time high
~ €1.5 bn per year
EBITDA
~ €1.8 bn in 2028
(90% regulated)
CAGR 2023-2028 >5%
Net profit
~ €375 mn in 2028
CAGR 2023-2028 ~5%
RAB
€10.5 bn in 2028
CAGR 2023-2028 +7%
NFP/EBITDA
3.1x 2028 (3.5x 2023)
Dividend
2023-2028 annual growth of 4%
Distribution of over €1 bn during the Plan period
1. People centricity, with application of the principles set forth in the new People and Participation Charter, the introduction of new competences, training and development initiatives, enhancement of welfare.
2. The use of new technologies (digitalisation, AI, robotics), also to support service quality and security.
3. The redesigning of processes in order to optimise operational management, service quality, working capital.
In a global situation of constantly greater attention to environmental and social impacts, we are allocating approximately €5.5 bn of capex expected during the plan period to significant areas for sustainability, in line with the United Nations Sustainable Development Goals.
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Focal point for our strategy
Our vision is to develop our role as an international and diversified operator, with a view to becoming:
the reference operator at local level, ensuring maximum attention for the territory and the people
the "guiding" operator in terms of innovation, research and development.
We intend to consolidate and reinforce our leadership position in the Italian water business, with the opportunity to implement major strategic works at national level, such as the doubling of the Peschiera Aqueduct, aimed at securing Rome's water supply.
We will also enhance the level of service offered, by:
increasing the resilience of the water systems;
optimising and innovating network management;
developing collection and treatment processes;
streamlining the corporate structure in the water business to support greater operating efficiency (through a new sub holding).
We plan to expand in Italy, particularly through tenders, and to selectively evaluate growth opportunities overseas.
Focus on grid management and innovative services for customers
Our objective is to guarantee the grid’s resilience and enhance service quality by promoting the energy transition through the electrification of consumptions and large network services. The Plan envisages:
the upgrade of Rome’s low voltage network to increase its resilience, available power and hosting capacity by 800MW;
modernisation of the medium and low voltage network in order to enhance safety through advanced diagnostics, remote control and automation;
the smartisation of the grid for dynamic management, control of PODs via 2G smart meters and large-scale demand response through artificial intelligence and IoT platforms;
the development of “smart” Public Lighting;
the supervision of positioning in the commercial sector, improving performance and the level of service.
Operator of growing importance at national level
Our vision is to enhance complete cycle monitoring, maximising circularity, focusing on the reuse of resources, implementing and managing new end-to-end facilities.
We intend to consolidate our leadership in central Italy via:
streamlining of the corporate structure in five treatment sectors (Waste-to-energy, Composting, Landfills and MBT, Selection and Recycling of Plastic and Industrial Waste);
the expansion and upgrade of existing plants (WtE, other facilities);
closing of the treatment cycle with EoW (End-of-Waste) activities;;
consolidation of the plastics sector, with the aim of improving profitability also through partnerships to ensure the sale of products leaving the plants.
Engineering centre of excellence
The objective is to create a single hub – ACEA Infrastructure – via the integration of various companies for the management of major projects.
Focus on renewable sources
We plan to expand our renewable resource energy generation capacity to support internal consumption and reduce the company’s carbon footprint in observance of SBTi targets. The existing solar pipeline is expected to be implemented (870 MW, of which 210 MW already authorised), also through partnerships with financial operators.