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Hera rewards academic merit with 40 scholarships for the children of employees

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19/07/2017
Hera rewards academic merit with 40 scholarships for the children of employees

A contribution of 750 euro for every university student, for a total investment of 30 thousand euro. The initiative is part of activities envisaged by "Hextra" to support education. "Hextra" is the multi-utility company's welfare plan that, from this year, has also been extended to employees with a fixed-term contract.

Perseverence, speed and excellence in educational achievement: academic merit was duly rewarded at Hera's offices in Bologna yesterday. A ceremony was held for the Executive Chairman, Tomaso Tommasi di Vignano, to award 40 scholarships to the children of employees who, during the academic year 2015-2016, distinguished themselves for the results achieved in their university studies.

The initiative, which is one of the many activities organised by "Hextra", the Hera Group's welfare plan, to support education, was launched last April to reward commitment by adopting objective evaluation criteria, based on the principles of fairness and merit.

Indeed, the forty most deserving students were chosen considering a list that was drawn up taking into account the following parameters: whether the student was on track with the study plan for the academic year, the number of credits acquired and the mean marks of examinations passed during the year. The applications submitted to the company were more than 70. Each of the 40 students awarded was given an individual scholarship of 750 euro, amounting to a total corporate investment of 30,000 euro.

This is only the latest initiative of the corporate welfare plan that has, since 2017, also been extended to fixed-term employees who have been working at least 6 months. After initially considering the 8,500 people employed by Group companies, Hera has thus taken the final step to fully involve all its staff.

"One year after the launch, we are still investing in our welfare plan and in the progress of our employees and their families," said the Executive Chairman Tommasi di Vignano. In one year Hextra achieved remarkable results; hence, we found it natural to extend its efficacy also to fixed-term employees. This decision ranks our company alongside leading international firms. We wish to go on creating value and efficiency for all subjects involved, contributing to protect the portfolio of families in the economically challenging moment the world is experiencing today".

Easy Welfare, a company in the sector that reviewed the best practices of over 350 Italian companies, last June awarded the Hera Group at the "Welfare Awards 2017" for the "Best Communication Plan", which recorded the participation in "Hextra" of almost all its staff (97%), recording an overall sum of 1,902,456 euro used by its employees.

"Hextra": the Hera Group's welfare plan

The Hera Group launched "Hextra" in July 2016. It is an integrated corporate welfare plan that has been studied to make the most of existing initiatives, harmonising its application in all locations where the multi-utility company operates. A standard and yet highly customisable system for all its companies. As a matter of fact, the special feature is the flexible quota that can be allocated as desired by the individual worker, who will decide on the basis of personal and family needs. The sum envisaged for 2017 is 360 euro (against 200 in 2016) and for 2018 is 385 euro. In addition to this, Hera also supports employees with school-age children with an additional contribution to be solely used for schooling expenses. Requests submitted for the year 2016/2017 totalled 3,821, recording an overall amount of over 380,000 euro.

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Hera Shareholders Meeting: 2023 financial statements approved and dividend increased to 14 cents

Hera’s Ordinary and Extraordinary Shareholders Meeting, chaired by Executive Chairman Cristian Fabbri, was held in Bologna to approve the 2023 financial statements and the payment of a dividend increasing to 14 cents per share, in line with what was previously announced during the presentation of the 2027 Business Plan and based on the significant results achieved. The 2023 Sustainability Report was also presented during the Meeting. 2023 financial statements approved with record results The Shareholders Meeting approved the 2023 financial statements, which showed strong growth in the main operating and financial indicators compared to both the previous year and to pre-crisis levels (FY2021). Among the main results: adjusted Ebitda rose to 1,494.7 million euro (+15.4%) and adjusted net profit attributable to shareholders amounted to 375.2 million euro (+16.5%). Gross operating investments reached 815.8 million euro (+15.0%) and were mainly allocated to innovation and resilience of the assets managed, the circular economy and the energy transition, with concrete projects consistent with the foremost national and international policies. Net debt fell to 3,827.7 million euro, as against 4,249.8 million euro at 31 December 2022. The financial structure thus improved significantly, with the net debt to adjusted Ebitda ratio dropping to 2.56x, compared to 3.28x for the previous year, well below the Group’s prudential parameters. Dividend payment confirmed, rising to 14 cents per share The Shareholders Meeting approved the Board of Directors’ proposal to distribute a dividend coming to 14 cents per share, up 1.5 cents over the last dividend paid (+12%). The ex-dividend date was set at 24 June 2024, with payment as of 26 June 2024. The dividend will be paid to the shares recorded on 25 June 2024. Sustainability Report: shared-value Ebitda and investments rise The 2023 Sustainability Report was also presented during the Shareholders Meeting, showing that improvement in operating and financial indicators goes hand in hand with the Group’s focus on sustainability and creating value in the served areas. In 2023, shared-value Ebitda, which refers to business activities that also respond to the targets on the Global Agenda, rose to 776.0 million euro, up 16% compared to the 670.3 million euro seen in 2022 and corresponding to 52% of overall Ebitda. Two new directors appointed The Shareholders Meeting also resolved to reappoint Director Enrico Di Stasi for the remainder of the term of office of the Board of Directors. Di Stasi had in fact been appointed by co-optation by the Board of Directors on 27 September 2023, following the resignation of Director Lorenzo Minganti. Director Di Stasi confirmed that he did not meet the independence requirements of current regulations. The Shareholders Meeting also appointed Director Tommaso Rotella to replace Gabriele Giacobazzi, who passed away on March 3, 2024. Director Rotella has declared that he meets the independence requirements of current regulations and the next Board of Directors will appoint him as Vice Chairman. For further information Press release Shareholders’ Meeting 2024 Board of Directors Online Report FY2023 Online Sustainability Report 2023 img_assemblea_870.png The Group continues along its path of uninterrupted growth, closing 2023 with record performance in the main operating and financial indicators, thus constantly creating value for its stakeholders ass.azionisti-2024_110.jpg
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Hera Group approves results as at 31/12/2023

Financial highlights Revenues at 14,897.3 million euro Ebitda* at 1,494.7 million euro (+15.4%) Net profit* for shareholders at 375.2 million euro (+16.5%) Gross operating investments at 815.8 million euro (+15.0%) Net financial debt improves to 3,827.7 million euro (-10%), with Net debt / Ebitda* at 2.56x Proposed dividend rises to 14 eurocents per share (+12%) Operating highlights Strong performance from internal growth with contributions coming from acquisitions Significant contributions from the energy area, growth in the waste management sector, and network resilience pending the adjustment of the tariff return effective from 2024 Consolidation of ranking as Italy’s first operator in the waste management sector, second in water and third in energy Shared-value Ebitda rises sharply to 776.0 million euro (+16%) and shared-value investments amount to 558.4 million euro (69% of total investments) The Board of Directors of the Hera Group, chaired by Executive Chairman Cristian Fabbri, unanimously approved the consolidated financial results as at 31 December 2023 and the Report on remuneration policy and compensation paid, as well as the Sustainability report. Record year for the Group, that continues to create value for stakeholders and increase its scope of operations Thanks to effective choices made by management and the numerous development actions implemented, which also made it possible to seize market opportunities, the Hera Group closed the 2023 financial year with main operating results showing strong growth compared to the previous year. In particular, the Group leveraged its financial flexibility to successfully participate in recent last resort market tenders, and to acquire strategic assets in the waste management area. In a year characterised by an international geopolitical situation that remained unstable, with high energy market volatility in the first half of the year and prices that have not yet returned to the levels seen prior to the crisis, as well as a series of extreme weather and climate phenomena that affected the areas served, the Hera Group has continued to ensure service continuity and quality and the creation of value for all stakeholders. This concrete and transparent value was quantified through shared-value Ebitda and investments, with the data in question subjected for the fifth consecutive year to an external auditing company in order to validate these distinctive aspects of the Group’s reporting to all stakeholders. Hera pursued corporate growth and, at the same time, sustainable development, as shown by the increased investments in innovation and resilience of the assets managed, the circular economy and the energy transition, with concrete projects consistent with major national and international policies. In addition to internal growth, in 2023 Hera continued to expand its scope of operations through external development, with the aim of providing its customers with increasingly innovative and competitive solutions. Cristian Fabbri, Executive Chairman of Hera Group: “We closed 2023 with record performance in our main operating and financial indicators, achieved within a macroeconomic environment that was volatile and uncertain. Ebitda reached almost 1.5 billion, net profit attributable to shareholders grew by 16.5% and investments were up by 15%, exceeding 800 million euro. As a result, the economic value distributed to stakeholders in the areas in which we operate reached 2.3 billion euro, up 36%. We achieved these results mainly thanks to the contribution coming from the waste management and energy areas. In the energy area in particular, we achieved significant growth supported by commercial development, last resort markets and energy efficiency services. At the same time, debt fell by 10%, bringing us to a Net debt / Ebitda ratio of 2.56x, allowing the Board of Directors to propose a 12% increase in dividends, equal to 14 eurocents per share. The 2023 results thus confirm the validity of our Group’s strategic vision and constitute the solid building block of our new business plan, approved in January.” Orazio Iacono, CEO of the Hera Group: “In 2023, Ebitda exceed the targets set in the previous Plan to 2026 three years ahead of schedule. The normalisation of energy prices made it possible to reduce net working capital achieving a significant financial structure and a Net debt / Ebitda ratio of 2.56x. The Group thus regained its usual financial flexibility and can continue to seize further growth opportunities in its reference markets, still highly fragmented. Evidence of this lies in the transactions carried out in 2023, which also confirm our focus on generating sustainable growth in the local areas served. This commitment was confirmed by the increase in both shared-value Ebitda, up by 16% to 776.0 million euro, 52% of overall Ebitda, and in CSV investments, which amounted to 558.4 million euro in 2023, approximately 69% of total investments. Finally, we proved our ongoing commitment to sustainable finance, a driving force for our investment plan and confirmation of our desire to create value in the areas served, with particular attention going to objectives including decarbonisation, circular economy, innovation and resilience, consistent with our corporate purpose and the path set out by the Business Plan.”. For further information Press release Investor Relations web area 2023 Sustainability Report Highlights Interactive 2023 annual report 2023 Sustainability report img_primopiano_BE2023_870_V2.png The year closed with main financial indicators rising and the targets included in the strategic Plan to 2026 exceeded three years ahead of schedule img_BE2023_110x150V2.jpg

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Hera SpA, Viale Carlo Berti Pichat 2/4, 40127 Bologna, Tel.051287111 www.gruppohera.it