BILANCIO CONSOLIDATO | Acea Annual Report 2014

ACEA Annual Report 2014

2014

ANNUAL REPORT
ACEA GROUP

LETTER TO SHAREHOLDERS

Catia Tomasetti Chairman, Alberto Irace CEO

Dear Shareholders,
2014 was a year of change for your Company. The Board of Directors, at the forefront in Italy and indeed Europe in terms of the representation of women, has accelerated and introduced structural and concrete innovations, with the aim, by 2016, of making ACEA more efficient and technological, and closer to the changing needs of customers and citizens. The very satisfactory results achieved in this financial year are a first, fundamental step on the path towards change and the creation of shared value, along which we want to quickly move.

ACEA IN BRIEF

Founded in 1909 as the municipality of Rome’s electric company, Acea is now a listed industrial Group and one of the most important national public utility operators.

LEADING ITALIAN OPERATOR IN THE AREA OF WATER SERVICES, WITH 8.5 million inhabitants SERVED IN LAZIO, TUSCANY, UMBRIA AND CAMPANIA	ONE OF THE LEADING NATIONAL OPERATORS IN THE ENERGY MARKET WITH APPROXIMATELY 11 billion kWh OF ELECTRICITY SOLD
ITALY’S THIRD LARGEST OPERATOR IN THE AREA OF ELECTRICITY DISTRIBUTION WITH OVER 10 billion kWh DISTRIBUTED	ITALY’S FIFTH LARGEST OPERATOR IN THE AREA OF WTE, WITH 774,000 tonnes OF TREATED WASTE

THE GROUP

2014 MAIN DATA

CONSOLIDATED
REVENUE

3,038.3

MILLION EUROS

3,289.0 million euros
at 31.12.2013 Restated

EBITDA

717.7

MILLION EUROS

675.4 million euros
at 31.12.2013 Restated

PRE-TAX
PROFIT (LOSS)

289.8

MILLION EUROS

259.2 million euros
at 31.12.2013 Restated

EBIT

390.4

MILLION EUROS

363.2 million euros
at 31.12.2013 Restated

GROUP NET
PROFIT

162.5

MILLION EUROS

141.9 million euros
at 31.12.2013 Restated

GROUP
CAPEX

318.6

MILLION EUROS

268.6 million euros
at 31.12.2013 Restated

ACEA AND THE WATER AREA

The ACEA Group is Italy’s leading operator in the Water sector, with 8.5 million inhabitants served,
540 Mm³ (Group share) of drinking water sold, 214,000 tonnes of sludge disposed of.

ACEA AND THE ENERGY AREA

It is one of the leading national players in electricity sales (approximately 11 TWh),
operating in all market segments and offering innovative solutions for the supply of electricity and natural gas.

Great efforts are made to constantly improve the quality
of services offered to its customers.

ACEA AND THE NETWORKS AREA

The ACEA Group is a major operator in Italy with over 10 TWh of electricity distributed in
Rome, where the Group manages the distribution network, serving 1.6 million delivery points.

For the city of Rome a plan has been drawn up
to gradually convert all light points to LED technology

ACEA AND THE ENVIRONMENT AREA

In just a few years the ACEA Group has acquired
and consolidated a leading position in the sector, and today is Italy’s fifth largest operator,
with a volume of 774,000 tonnes/ year of treated waste.

Summary of results Financial statements Other Information Notes

Service concession arrangements Related party transactions Update on major disputes and litigation Additional disclosures on financial instruments and risk management policies Commitments and contingencies

SECTORS

We choose the future; we change together pursuing excellence and value for customers, for the company and for ourselves. We share the challenge of being the best.

The ACEA Group is the biggest Italian operator in the water sector, supplying water to 8.6 million people. The Group manages the integrated water service in Rome and Frosinone and in the respective provinces, as well as in other parts of Lazio, in Tuscany, Umbria and Campania. The Company completes the overall quality of services offered by sustainably managing water resources and protecting the environment.

The Group has developed cutting-edge know-how in the design, construction and management of integrated water systems: from water sources and aqueducts to distribution, the sewer network and purification. Laboratory services are of particular importance.

The ACEA Group is a major operator in Italy in the sale of electricity, and offers innovative and flexible solutions for the supply of electricity and natural gas to consolidate its position as a dual fuel operator. ACEA operates in all market segments, offering its services to families and major companies alike, with the objective of raising the quality of services offered, in particular in the web and social channels.

Finally, the Group operates in the power generation sector, running hydroelectric and thermoelectric plants in Lazio, Umbria and Abruzzo.

The ACEA Group is a major Italian operator in the urban management of environmental services. ACEA runs the biggest waste-to-energy plant and the biggest composting plant in the Lazio region, points of reference for regional RDF (Refuse Derived Fuel) and organic waste operators.

In particular, the Group develops investments in the waste to energy business, considered high potential, and organic waste management, in accordance with the strategic goal of the Group to produce energy from waste and protect the environment.

The ACEA Group is a leading operator in Italy, with 11 TWh of electricity distributed in Rome, where the Group manages the distribution network, providing services for 1.6 million people. The Group also manages the public and artistic lighting of the capital, with over 189,000 light points, applying solutions that seek to continually raise efficiency and reduce environmental impact. By 2020 we plan to replace 100,000 light bulbs with the same number of Led lights.

The ACEA Group is committed to energy efficiency projects and the development of new technologies, such as smart grids and electric mobility, through particularly innovative pilot projects.