Economic results
Operating segments
Acea’s macro structure is organised in corporate functions and seven operating segments: Water, Energy Infrastructure, Generation, Commercial and Trading, Environment, Overseas and Engineering and Services.
Acea adopts an operational model based on an organisational lay- out in line with the Strategic Business Plan consolidating its role to govern, guide and control the Holding not only with the current business portfolio focused on areas of greater value, but also on the strategic development of the Group in new business segments and territories. Acea’s macrostructure is based around the corporate functions and seven industrial areas – Environment, Commercial and Trading, Water, Energy Infrastructure, Engineering and Servic- es and Overseas.
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Water
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Energy Infrastructure
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Generation
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Commercial and trading
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Overseas
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Environment
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Engineering and Services
The Acea Group is the top Italian operator in the water sector serving 9 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, Campania and Molise. The Group is also present in Abruzzo, Molise and Campania in the natural gas distribution market, nel Comune di Pescara, in the Municipality of Pescara and in the provinces of L’Aquila, Chieti, Campobasso, Isernia and Salerno.
The Acea Group is a major operator in Italy with about 9.4 TWh of electricity distributed in Rome. The Group also manages the public and artistic lighting of the capital for a total of more than 204,676 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.
The Acea Group is one of the main national operators in the field of generation from renewable sources and is involved in energy efficiency projects and energy solutions in the business segment. It is particularly focused on finding innovative approaches to managing production assets and implementing new production capacity that reduces the Group's carbon footprint.
The Acea Group is one of the leading Italian players in the sale of electricity and offers innovative and flexible solutions for the supply of electricity and natural gas with the objective of consolidating its positioning as a dual fuel operator. It operates on the market segments of medium-sized enterprises and households with the objective of improving the quality of the services offered with particular regard to web and social channels. It supervises the Group's energy management policies. The Segment also has the objective of developing and searching for innovations and start–ups to launch testing projects in the technological field.
The Acea Group manages water activities in Latin America and its objective is to make the most of development opportunities in other businesses related to those already held in Italy.
It is present in Honduras, Dominican Republic and Peru, serving approximately 10 million people. The activities are carried out in partnership with local and international partners, including through staff training and the transfer of know-how to local entrepreneurs.
The Acea Group is one of the main national operators with about 1,715 million tons of waste managed per year. Among the various treatment and disposal plants operated in 8 regions, there is a main waste-to-energy plant and the largest anaerobic digestion and composting plant in Lazio region. It is particularly focused on the development of investments in the waste-to-energy and in the waste recycling businesses, which is considered to have high potential, in line with the strategic objective of environmental and energy enhancement of waste, as well as its recovery and recycling in the plastics, paper and metals sectors and in the production of high-quality compost.
The Acea Group has developed know-how at the forefront in the design, construction and management of integrated water systems: from the source to the pipelines, from distribution to the sewer network, and treatment. It develops applied research projects aimed at technolog- ical innovation in the water, environmental and energy sectors. Laboratory and engineering consultancy services are of particular importance. The Acea Group is also engaged in the design and creation of plants for the environment and for the treatment of water and waste.
The results by segment are shown on the basis of the approach used by the management to monitor Group performance in the financial years compared in observance of IFRS 8 accounting standards. Note that the results of the “Other” segment include those deriving from Acea corporate activities as well as inter-sectoral adjustments.
31/12/2022 | Energy Infrastructure | Other | |||||||||||
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€ MILLION | Environment | Commercial and Trading | Overseas | Water | Generation | areti | IP | Adjustments | Total | Engineering and Services | Corporate | Consolidation adjustments | Consolidated Total |
Revenues | 342 | 3,160 | 95 | 1,374 | 175 | 551 | 55 | 0 | 606 | 118 | 152 | (857) | 5,166 |
Costs | 241 | 3,070 | 62 | 705 | 85 | 200 | 54 | 0 | 254 | 104 | 196 | (857) | 3,861 |
EBITDA | 102 | 90 | 33 | 669 | 90 | 351 | 1 | 0 | 352 | 13 | (44) | 0 | 1,305 |
Depreciation/amortisation and impairment losses | 43 | 68 | 14 | 400 | 15 | 148 | 2 | 0 | 150 | 9 | 40 | 0 | 739 |
Operating profit/(loss) | 59 | 22 | 19 | 269 | 75 | 203 | (1) | 0 | 202 | 4 | (84) | 0 | 566 |
Capex | 46 | 50 | 6 | 611 | 30 | 267 | 2 | 0 | 269 | 6 | 33 | 0 | 1,050 |
The revenue in the above table includes the condensed result of equity investments (of a non-financial nature) consolidated using the equity method. The Water Segment also includes the financial statements of companies in the gas distribution segment in Abruzzo and the newly consolidated ASM Terni.
31/12/2021 | Energy Infrastructure | OTHER | |||||||||||
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€milioni | Environment | Commercial and Trading | Overseas | Water | Generation | areti | IP | Adjustments | Total | Engineering and Services | Corporate | Consolidation adjustments | Consolidated Total |
Revenues | 235 | 2.078 | 77 | 1.238 | 126 | 585 | 41 | 0 | 626 | 112 | 140 | (639) | 3.993 |
Costs | 171 | 1.998 | 50 | 583 | 47 | 210 | 44 | 0 | 254 | 95 | 180 | (639) | 2.737 |
EBITDA | 64 | 81 | 27 | 655 | 80 | 375 | (3) | 0 | 372 | 17 | (39) | 0 | 1.256 |
Depreciation/amortisation and impairment losses | 31 | 66 | 11 | 348 | 30 | 152 | 2 | 0 | 154 | 7 | 28 | 0 | 675 |
Operating profit/(loss) | 33 | 15 | 16 | 308 | 49 | 222 | (5) | 0 | 217 | 11 | (67) | 0 | 581 |
Capex | 36 | 49 | 5 | 522 | 39 | 271 | 4 | 0 | 275 | 10 | 34 | 0 | 970 |