Investments for 4,1 billion intended for network maintenance and development, plus others 400 million cumulative and a potential for more 900 million for non-traditional activities. strengthening ofEbitda margin from 76 to over 80% e dividends stable at 19 eurocents per share, to which the contribution of non-traditional activities will be added (60% payout on results). These are the main numbers of the Strategic Plan 2013-2017 presented today by Terna, immediately after the diffusion of the preliminary consolidated results for 2012.
“Electricity infrastructures are a priority for the country, also from a European and Mediterranean point of view, and constitute a fundamental driving force for growth, development and employment – he commented Flavio Cattaneo, CEO of the group that manages the national electricity grid -. The new Plan continues to have ambitious objectives: to complete the renewal and upgrading of the national transmission grid and to explore new business opportunities in non-traditional activities, in Italy and abroad, which are already making an important contribution. On this double strategic track we will continue to pursue efficiency, safety and lower cost of the electricity system, for the benefit of everyone, businesses and citizens, and the creation of value for our shareholders to whom, we are sure, we will still give many satisfactions".
In detail, 83% of the 4,1 billion investments will be allocated to the development of the grid and 300 million will be used to build accumulation systems. The 2013 development plan of the national transmission grid confirms investments of 7,9 billion euros.
As for non-traditional activities, Terna will invest around 400 million in engineering, O&M and optical fiber housing, to which could be added a further 900 million not currently included in the Plan forecasts.
Sul financial side, the company expects to reduce the increase in debt by 600 million compared to the previous plan (from 1,6 to 1 billion). The ratio between net debt and Rab will remain below 60% in all the years of the Plan and it is estimated that the ratio between net debt and Ebitda will improve, falling below four times in 2017.
The Terna group now has over 150 building sites open throughout the country, for a value of 3 billion euro. Overall, there are 1.200 km of new sustainable and technological network under construction, 60 new stations. Once completed, the interventions will allow the decommissioning of 850 km of old lines.
