Terna S p A : 1Q2021 consolidated results presentation

1Q21 CONSOLIDATED RESULTS

MAY 12th2021

1Q2021Consolidated Results

May 12th2021

1

1Q21 CONSOLIDATED RESULTS

MAY 12th2021

Agenda

Highlights	3

1Q21 Results	6

Annexes

15

2

1Q21 CONSOLIDATED RESULTS

MAY 12th2021

Highlights

3

1Q21 CONSOLIDATED RESULTS

MAY 12th2021

Highlights (1/2)

Demand Evolution - Last 12 months

DEMAND AS REPORTED (TWh)

1Q21	1Q20	%
78.6	77.0	2.2%

32
30	Monthly energy demand						1Q 2021
28	Previous Year		26.5	26.2		25.9	26.7
	28.9
26			26.0				27.1
24				25.5
					24.8
	24.1
22
22.6

20
18	20.0
	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar
YoY Chg%	-17.5%	-11.9%	-13.4%	-6.6%	-0.3%	0.0%	-0.8%	-1.5%	1.1%	-1.0%	-3.4%	11.8%

1Q 2021 data:

• National Demand at 79 TWh, o/w ~34% covered by RES
• Net Total Production at 67 TWh,o/w 40% covered by RES

March 2021 demand returned at pre-Covid levels

Note: 2019 final figures, 2020 and 2021 preliminary figures		4

1Q21 CONSOLIDATED RESULTS

Highlights (2/2)

1Q 2021 Key Numbers

Revenues

EBITDA

Group Net

Income1

Capex

MAY 12th2021

1Q 2021	1Q 2020		∆ vs 1Q2020
622	567		+10%
454	434		+5%
190	187		+2%
242	218		+11%

		1Q 2021		FY 2020
Net Debt		9,321	9,173

P&L growth and robust capex acceleration

1. Attributable to Terna	5

Note: 2020 figures exclude Brugg Cables contribution