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Operating and financial highlights 2026 Ebitda: approximately 1.5 billion (+246 million compared to 2021) Total investments amount to over 4.1 billion (+53% compared to the last 5 years) Net debt/Ebitda at 2.8x in 2026 Dividends further increase to 15 cents per share in 2026 (+25% compared to last dividend paid) More than 130 million in NRRP (National Recovery and Resilience Plan) grants obtained to accelerate the Group’s investments in the areas served Industrial highlights Development driven by both internal and external (M&A) growth and balanced between regulated and free market activities Target of 4 million energy customers by 2026 2026 Shared-value Ebitda: 62% of total Ebitda, or roughly 910 million, in line with 2030 target of 70% Key goals for 2030 include a 150% increase in recycled plastics and a 37% reduction in emissions Solid point of reference to help local areas move towards the ecological and digital transition and social cohesion The Hera Group’s Board of Directors approved the Business Plan to 2026, which confirms the Group’s commitment to maintain a significant volume of investments over the next five years. Accelerating the evolution of all business areas in which it operates and the strategic guidelines defined one year ago, the Plan is in line with EU policies and responds to the particularly challenging external context, with the aim of continuing to create value for all stakeholders and confirming itself as a solid reference point for the areas served. Over 20 years at the side of the areas served, with preliminary Ebitda for 2022 rising to almost 1.3 billion As confirmation of the achievements made over the twenty years since its establishment, the Hera Group expects to close the 2022 financial year with growth in results exceeding expectations: preliminary Ebitda stands at approximately 1,285 million euro, roughly 60 million euro higher than 2021 Ebitda, while the Net debt/Ebitda ratio is expected to come to approximately 3.3x, improving compared to previous quarters, which is all the more appreciable considering the extraordinary market situation, the increase in the cost of energy commodities and the higher investments sustained in 2022, totalling roughly 780 million. An effective strategy to respond to the challenging context In a challenging external context – marked by high uncertainty caused by geopolitical instability, market volatility, rising inflation, higher energy prices and supply chain problems – the Group has turned challenges into opportunities and drawn up a Plan that follows up on the path previously undertaken. Its concrete projects are consistent with the main national and international policies on the energy transition, circular economy and innovation. Within this framework, cities will play a key role in mitigating climate change: Bologna and Padua are among the 100 selected by the EU Commission to become “smart zero-impact cities” by 2030, and the Hera Group has already launched investments and key projects to support municipalities in achieving carbon neutrality. Investments amounting to over 4.1 billion euro, supported by NRRP contributions The Plan to 2026 foresees total investments coming to over 4.1 billion euro, with an average of roughly 825 million euro per year, an increase over the previous Plan. Of these investments, 60% will go to regulated businesses and the remaining 40% to free market businesses. These figures include concrete initiatives in the areas served, to which more than 130 million euros in NRRP funding have already been allocated. Additional funds have been earmarked for urban waste collection and street sweeping projects, for which a decision is expected in the coming months. For further information Press release Investors web area Hera Overview 870x320_EN.png Based on positive preliminary results for 2022, the new five-year Plan builds on the solid foundations of the previous one and is enriched with important projects aimed at promoting the circular economy, the energy transition and network resilience, with more than 4.1 billion in investments furthering the creation of value benefitting all stakeholders 110x150_EN.jpg

With the publication of the 2023 Sustainability Yearbook – the report containing the analyses carried out to gain access the Dow Jones Sustainability Index (DJSI) – we have been awarded S&P Global’s Gold Class for the third consecutive year. This is the highest recognition for companies listed in the Dow Jones Sustainability Index, in which we confirmed our position as sector leader for the 3rd year in a row. In the most recent edition of the authoritative DJSI international stock market index, which evaluates listed companies on the basis of ESG factors, Hera ranked first internationally in its sector (Multi-utility & Water), with a score of 90/100 compared to a sector average of 34/100, calculated based on the three areas analysed: Environment, Social and Governance. A focus on sustainable development and creating value for the areas and communities served is a commitment and a responsibility that we have taken on since it was established in 2002, with the aim of guaranteeing quality and continuity in essential services for citizens and return value to all stakeholders. Our approach to sustainability, our mission and our purpose – which in 2021 became an integral part of its Articles of Association – indicate the direction in which we intend to continue, in line with the objectives of the United Nations 2030 agenda and with the creation of shared value in three main areas: energy, environment, local areas (and enterprises). For further information Press release Investors web area Sustainability web area S&P Global_870_primopiano.png This year, once again, we have received the Gold Class from the rating agency responsible for the Sustainability Awards S&P Global_110.jpg

Always concerned with implementing policies concerning gender equality and enhancing diversity in the workplace, in 2023 as well we have been counted among the most inclusive companies worldwide. Today, we were confirmed – for the fourth consecutive year – as part of the Bloomberg Gender-Equality Index, which analyses the performance of companies engaged in supporting gender equality by developing dedicated active policies and transparency in communicating information. In the 2023 edition, which includes 484 listed companies, based in over 45 countries, selected out of more than 11,700 businesses, we confirmed our results in all areas under analysis with an overall score of 80.1%, above the Italian average (78.27%). The Group stood out in particular for equal pay, an inclusive culture and harassment prevention. This important result confirms our desire to keep valorising the uniqueness of people in a working context highly exposed to change, constantly committing ourselves to promoting and creating fair and inclusive workplaces, thanks to the development of dedicated policies and projects. This path stretches quite far into the past and has been enriched over time, starting with the signing of the Charter for equal opportunities and equality in the workplace in 2009 and the introduction – as early as 2011 – of the figure of the Diversity Manager who undertakes to promote the enhancement of diversity inside and outside the company, with dedicated awareness-raising initiatives. For further information Press release Hera Diversity and Inclusion Bloomberg Gender-Equality Index primo_piano.png We have been included for the fourth year in a row in the international index that assesses outstanding companies for their policies relating to gender equality, diversity and inclusion centrata GEI-Member 2023_110.png

We have been certified as a Top Employer for the 14th consecutive time, standing out for its job policies and ranking among the top 3 in Italy out of 1,600 companies analysed. The well-being of people, training, professional growth and transformation of skills are the main strengths that have allowed us to receive this prestigious award. It was conferred by the Institute based in Holland, a global body certifying corporate excellence in the HR field, after a close analysis that becomes increasingly selective every year and concerns specific parameters such as adequate salaries, working conditions, career opportunities, corporate culture, training and people development. With our pioneering vision, concrete decisions and increasing investments in human resources and training, we continue to take on the challenges of change, aiming at developing new skills and competencies. In this sense, a central role is played by HerAcademy, the corporate University founded precisely with the desire to generate new knowledge in response to the trends seen in the context, including an ongoing debate on current issues and collaborations with major national and international institutions. All training activities for Hera’s over 9,000 employees fall within this scope, so that continuous learning and people development are at the heart of the strategy, in line with the growing demand for profiles capable of overcoming the challenges of the transitions currently underway (digital, energy and environmental). In 2022 alone, 97% of the corporate population, including the most operational ones, attended training courses, totalling approximately 270 thousand hours, or roughly 30 hours of training per capita, well above the sector average. In line with this same vision, and above all as a response to the challenge of the energy transition, we have also launched a major talent acquisition campaign throughout Italy in recent months. The goal is to select and train, in collaboration with ManpowerGroup, 300 new resources with technical and operational profiles and include them, within 2023, in the Group’s various companies and in supplier companies. For further information Press release Working in Hera Group HerAcademy primo_piano_Hera Top Employer 2023_870.jpg Early 2023 sees us confirmed among the best companies in human resource management, thanks in particular to substantial investments in welfare, training and skills development Hera Top Employer 2023_110.jpg