Hera S p A : Financial report as at 30 September 2022

TABLE OF CONTENTS

INTRODUCTION

DIRECTORS' REPORT

CONSOLIDATEDFINANCIAL STATEMENTS

MISSION AND STRATEGY	4
GOVERNANCE SYSTEM	5
1.01	TRENDS AND CONTEXTS	7
1.02	OVERVIEW OF OPERATING AND FINANCIAL TRENDS AND DEFINITION OF ALTERNATIVE	11
	PERFORMANCE MEASURES
1.02.01	Operating results and investments
1.02.02	Financial structure and adjusted net debt
1.03	ANALYSIS BY BUSINESS AREA	24
1.03.01	Gas
1.03.02	Electricity
1.03.03	Integrated water cycle
1.03.04	Waste management
1.03.05	Other services
1.04	SHARE PERFORMANCE AND INVESTOR RELATIONS	50
2.01	FINANCIAL STATEMENT FORMATS	53
2.01.01	Income statement
2.01.02	Statement of financial position
2.01.03	Cash flow statement
2.01.04	Statement of changes in net equity
2.02	ACCOUNTING POLICIES	58
2.03	LIST OF CONSOLIDATED COMPANIES	61

| Introduction

| Directors' report

| Hera Group Consolidated financial statements

Hera Group - Consolidated quarterly report at 30 September 2022

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