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Herambiente S.p.A., a Hera Group company, acquired from minority shareholder Rogroup S.r.l. its entire stake in Aliplast S.p.A., equivalent to 20% of the share capital, thus coming to hold 100% of the company based in Ospedaletto d’Istrana, near Treviso, a European leader in plastic regeneration. This transaction concludes the process of integrating the company founded by Roberto Alibardi into the Hera Group, which began in January 2017 with the purchase of an initial 40% tranche followed by a second 40% in December of the same year. Today, therefore, the purchase of the remaining 20% was finalised, according to the economic conditions set out in the initial agreement. Since its entry into the Hera Group eight years ago, Aliplast has achieved significant growth, especially in the higher end of the recycled plastic market (for example, in the food and health & beauty sectors), bringing it to a turnover of 150 million euro in 2024, with a total production of recycled products coming to 100 thousand tonnes, including PET and LDPE flakes and granules, PET sheets, LDPE films, PP flakes and HDPE. For further information Press release sedebo_870.png The Hera Group company concludes its integration of this European leader in recycled plastic, which began in 2017, by purchasing the remaining 20% of the company from Rogroup S.r.l sedebo_110.jpg

The Board of Directors of the Hera Group approved its new Code of Conduct for suppliers. This is an innovative “supplier sustainability agreement” that reinforces the Group’s commitment to promoting a supply chain that is increasingly responsible and in line with ESG (Environmental, Social, Governance) principles. This Code was conceived through a participatory process, which actively involved a representative group of suppliers with whom principles and rules on sustainability and business ethics were shared and a true sustainability deal was co-designed, to stimulate the sustainable growth of the entire value chain. With the Code of Conduct, the Hera Group renews its commitment to recognising and valuing companies that adopt high ethical, social and environmental standards, including through the introduction of bonuses in tenders or in the supplier qualification process. Collaboration with suppliers: a strategic element for creating value The Hera Group has always focused on communication and collaboration with its stakeholders, first and foremost suppliers, as key elements for generating value. Hera, indeed, plays a strategic role in promoting sustainable development, enhancing its supply chain as an essential lever for sustaining the economy. The Hera Group adopts a rigorous approach in selecting its suppliers, which goes far beyond mere economic considerations: it deeply assesses their sustainability profile, actively favouring those who comply with the most stringent environmental and social standards. Code of Conduct for suppliers: a further element of empowerment for creating shared value in line with the Hera Group’s purpose The Code of Conduct for suppliers is part of the Group’s broader path towards creating shared value and implementing a business model guided by its Code of Ethics, which was updated in 2023 on the basis of the company’s purpose. Hera also stands out for its collaborative and non-imposing approach to its suppliers, focusing on empowerment and joint growth. For further information Press release   sede_hera_870_rounded.png The Code reinforces Hera’s commitment to promote a more responsible supply chain, aligning it with the company’s sustainability principles and ethics sede_bo_110_news primo piano.jpg

At the ESG Business Conference 2025, the Hera Group ranked second among Italian companies for its integration of sustainability policies into its business strategies and corporate governance. This year as well, and for the fifth consecutive time, Hera is among the leaders of the ESG Identity Corporate Index (formerly the Integrated Governance Index) managed by ETicaNews. Hera thus celebrates ten years in the Top 10 of the Index, launched in 2016. And precisely one decade after the ESG Identity Corporate Index project was created, the Group was also awarded three multi-year performance and continuity awards, aimed at companies that participated in all of the last six editions (2020-2025) of ESG.ICI. More specifically, in the Large Cap category, Hera won the awards: Strongest Performer, Best Finance Identity and Best Transition Identity. Sustainable growth and communication with local areas at the centre of strategies The integration of ESG targets into business strategies and strong local roots are distinctive features of the Hera Group. Today, more than 7.5 million citizens have at least one service provided by the Group in the waste management, energy and water sectors, contributing to the Group doubling its operational size over the last decade. Its business model bases growth and value creation on sustainability, promoting innovation and an inclusive dialogue with all stakeholders. This ongoing dialogue enables Hera to face the challenges raised by the ecological transition, energy security and climate change. The ESG Identity Corporate Index The ESG.ICI is Italy’s only quantitative index that measures the integration of ESG principles into corporate strategies, assessing companies’ commitment to sustainability, social responsibility, the environment and governance. It is unique for its scientific and quantitative approach and aims at measuring the degree of integration of ESG factors in corporate processes, outlining trends, identifying best cases and stimulating debate. The 2025 survey involved 98 companies, 72 of which were listed. For further information Press release   ESG_ICI_2025_870_rounded.jpg On the tenth anniversary of the ESG Identity Corporate Index, Hera also received recognition for performance and continuity as Strongest Performer, Best Finance Identity and Best Transition Identity among Large Cap companies. ESG_ICI_2025_110.jpg

Revenues at 4,321.3 million euro (+28.3%) Ebitda at 418.0 million euro (+0.2%) Net profit for shareholders at 153.7 million euro (+7.4%) Gross operating investments at 191.6 million euro (+22.2%) Net financial debt improves to 3,896.9 million euro, with net debt/Ebitda at 2.45x Today, the Hera Group’s Board of Directors, chaired by Executive Chairman Cristian Fabbri, unanimously approved the consolidated results at 31 March 2025. The first quarter of 2025 closed with growth in operating results and investments, and a degree of financial solidity showing further improvement compared to the end of 2024. This good performance was driven by the Group’s multi-business strategy, balanced between regulated and free-market activities, and its usual focus on sustainability.   Cristian Fabbri, Executive Chairman of Hera Group: “In the first quarter we achieved solid growth in our financial results, further strengthening of our capital position. Ebitda rose to 418 million euro, with a structural increase in margins in all business areas, which offset the end of the non-recurring items. Gross operating investments were fully self-funded, thanks to the increase in cash flows, and exceeded 190 million euro, up by more than 22%: capital expenditures to further improve the resilience of assets in the integrated water cycle grew by 57%, while those going to upgrade plant equipment in waste treatment increased by 40%. The value creation at the basis of our industrial strategy was also confirmed by the increase in return on invested capital, which rose to 10.3%.”   Orazio Iacono, CEO of the Hera Group: “The results achieved by the Hera Group in the first quarter of 2025 confirm our ability to pursue our path of growth, even in a complex macroeconomic scenario, keeping our focus on resilience, sustainability and innovation and confirming the solidity of our business model. The good operating and financial performances led to an increase of 7.4% in net profit attributable to shareholders, which rose to 153.7 million euro at 31 March 2025. Our positive cash generation, was able to fully cover the increase in both working capital and capital expenditures and also contributed to further improving financial flexibility, bringing the net debt/Ebitda ratio to 2.45x, lower than the leverage at the end of 2024, representing a strength for pursuing future external growth opportunities." Revenues at over 4.3 billion In the first quarter of 2025, revenues amounted to 4,321.3 million euro, up 28.3% compared to 3,368.6 million euro in the same period of 2024, mainly due to higher energy commodity prices and an increased energy customer base (adding almost 1 million customers equal to +20%). Ebitda rises slightly to 418.0 million Ebitda at 31 March 2025 came up at 418.0 million euro, up slightly (+0.2%) from 417.1 million euro in the first quarter of 2024, confirming strong resilience against macro scenario turbulence. Ebit and pre-tax result increase Ebit at 31 March 2025 rose to 247.2 million euro, up slightly (+0.5%) from 245.9 million euro in the first quarter of 2024. Lower provisions in last resort markets offset higher depreciation related to development capital expenditures, which increased the value of the Group’s assets particularly in regulated sectors and waste treatment, and the new customer acquisition activities in the energy sector. Net profit for shareholders rises to 153.7 million The solid operating and financial performances allowed net profit to rise to 163.8 million euro (+6.8%), compared to 153.3 million euro at 31 March 2024. Net profit attributable to the Group’s shareholders also rose to 153.7 million euro (+7.4%), compared to 143.1 million euro at 31 March 2024. Gross operating capital expenditures increase, and Group financial solidity maintained The Group’s operating capital expenditures, including capital grants, reached 191.6 million euro (+22.2%), compared to 156.8 million euro at 31 March 2024. This increase was mainly due to the water cycle and waste management areas. For further information Press release Visit Investors web area Img_Primo_Piano_1Q_2025_eNG.png Improvement in the main operating and financial indicators. Growth in investments and the reduction of financial debt also continued img_110x150_PrimoPiano_1Q2025.jpg

The Hera Extraordinary and Ordinary Shareholders Meeting, chaired by Executive Chairman Cristian Fabbri, approved the 2024 financial statements and payment of a dividend increasing to 15 eurocents per share, in line with what had been previously announced when the 2028 Business Plan was presented, due to the significant results achieved. Also presented to Shareholders Meeting was the Sustainability reporting which, as of this year, is an integral part of the consolidated and separate financial statements at 31 December 2024, as required by the Corporate Sustainability Reporting Directive (CSRD) 2022/2464/EU. Among the various resolutions passed, the Shareholders Meeting also approved an amendment to the Articles of Association, in compliance with Legislative Decree 125/2024 implementing the CSRD. Amendment of Article 29 of the Articles of Association: new position of Manager responsible for Sustainability reporting As part of the European Green Deal, in order to strengthen companies’ reporting obligations, Legislative Decree 125/2024 introduced the possibility of establishing the position of the Sustainability reporting manager. The Shareholders Meeting therefore approved the amendments of the Articles of Association aimed at regulating the procedures for appointment and the requirements concerning experience and professionalism for this new figure, in compliance with current legislation. 2024 financial statements approved with further growth in key indicators The Shareholders Meeting approved the 2024 financial statements, which indicate increases in the main operating and financial indicators and investments. The creation of value for all stakeholders and the Group’s solid equity once again prove the validity of its multi-business model and its ability to combine corporate growth and sustainable development. Among the main results: adjusted Ebitda rose to 1,587.6 million euro (+6.2%), mainly showing internal and structural growth, and the adjusted net profit attributable to shareholders increased sharply, reaching 494.5 million euro (+31.8%). Total operating investments grew to 860.3 million euro (+5.5%), an increase that demonstrates the ongoing focus on developing, enhancing and strengthening the resilience of assets under management, whose resistance was confirmed even during the extreme weather and climate phenomena that hit Emilia-Romagna last autumn. Payment of a dividend increasing to 15 euro cents per share approved The Ordinary Shareholders Meeting approved the Board of Directors’ proposal to pay a dividend coming to 15 eurocents per share, up 7.1% compared to the last dividend paid. The ex-dividend date was set at 23 June 2025, with payment as of 25 June 2025. Sustainability reporting: growth in shared value Ebitda and investments During the presentation of the 2024 financial statements, the Hera Group’s Sustainability reporting was also put to the attention of the Shareholders Meeting. In accordance with the CSRD and the European Sustainability Reporting Standards (ESRS), as of this year it is an integral part of the Directors’ report and contains all information needed to understand the company’s impact on sustainability issues and how they affect its performance and results. For further information Press release Visit Shareholders’ Meeting web area 2024 Financial Statements Creating Shared Value 2024   Assemblea-azionisti-2025_870_ROUNDED.png The Group’s process of industrial growth continues, closing 2024 with key operating-financial indicators and investments rising, continuing to successfully seize market opportunities and generate value for the local areas served and all stakeholders assemblea-azionisti-2025_110.jpg

In the Modena area, Inrete Distribuzione Energia, a Hera Group company, has launched Italy’s first injection of a mixture of natural gas and 5% hydrogen into a gas distribution network serving a residential area. These trials are possible thanks to the protocol, unique in Italy, recently signed by Inrete, the Ministry for the Environment and Energy Security (MASE) and the Italian Gas Committee (CIG), which allows for testing, in compliance with the most demanding safety requirements, methane gas mixtures with blending of up to 10% hydrogen in distribution networks. The goal is to create favourable conditions for the progressive enabling of mixtures with increasing percentages of gas with a low fossil carbon content to be used in networks, thus making a concrete contribution to the energy transition. The initiative was presented today in Castelfranco Emilia (Modena) near the construction site of the residential area chosen for the trial, in an event attended by the President of the Emilia-Romagna region, Michele de Pascale; the mayor of Castelfranco Emilia, Giovanni Gargano; the CEO of the Hera Group, Orazio Iacono; the CEO of Inrete Distribuzione Energia, Federico Bronzini and representatives of the CIG. Trials, now in the third phase, to conclude with the last step at the end of the year Since 2021, Inrete has been at the head of a project that has already successfully experimented, twice, with injecting a mixture of natural gas and 2% hydrogen into the gas networks serving the same residential area that is now the focus of the new initiative. Having received full confirmation of the necessary measures, both in terms of technology and safety, the Hera Group company, after signing the protocol with the MASE and the CIG, has launched the third phase of the trials with the aim of exploring the various operational aspects that enable the infrastructure to receive, in its current layout, mixtures of natural gas and 5% hydrogen. The project will come to a conclusion towards the end of the year when, based on the results obtained, the feasibility of testing mixtures with an even higher quantity of hydrogen, up to 10%, will be evaluated. For futher information Press release Fabbri-Iacono-dePascale-Braglia-Lanzi-Gargano-Bronzini_870 1 (1).png The tests in the province of Modena were made possible by the protocol, unique in Italy, recently signed by Inrete Distribuzione Energia (Hera Group), the Ministry for the Environment and Energy Security and the Italian Gas Committee pp_pionieri_110x150.jpg

Financial highlights Revenues at 12,889.7 million euro Ebitda* a 1,587.6 million euro (+6.2%) Net profit* for shareholders at 494.5 million euro (+31.8%) Gross operating investments at 860.3 million euro (+5.5%) Net financial debt settles at 3,963.7 million euro, with net debt/Ebitda* at 2.50x Return on invested capital increases, with ROI rising to 10.4% Proposed dividend rises to 15 euro cents per share (+7.1%) Operating and sustainability highlights Growth in operating results supported by all business areas Energy customers rise to 4.6 million (+20%), while over 7.5 million citizens have at least one service provided by the Group Innovative initiatives continue to help the communities served pursue the ecological transition and strengthen the resilience of assets under management, in line with the industrial strategy to 2028 and the Net Zero by 2050 target Shared-value Ebitda rises to 856.6 million euro (+10%) and shared-value investments amount to 655.1 million euro (76% of total investments) Economic value distributed in the areas served over 2.1 billion euro   The Board of Directors of the Hera Group, chaired by Executive Chairman Cristian Fabbri, unanimously approved the consolidated financial results at 31 December 2024, along with the Sustainability reporting, which as of this year is an integral part of the annual report, as foreseen by Directive 2022/2464/EU (CSRD), and the Report on remuneration policy and compensation paid. In 2024, the Hera Group continued along its path of growth in both free-market and regulated businesses; the 5.5% increase in gross operating investments demonstrates the Group’s ongoing focus on developing, enhancing and strengthening the resilience of the assets managed, whose solidity was confirmed even during the extreme weather and climate phenomena that hit Emilia-Romagna last autumn. In particular, the commitment to combine corporate growth and sustainable development with concrete initiatives capable of helping the country move towards the green transition was confirmed, fully consistent with the Group’s 2024-2028 Business plan and its Climate Transition Plan with a Net Zero by 2050 target. The operating and financial results thus highlight the ability to create value that orients the Group’s growth.   Cristian Fabbri, Executive Chairman of Hera Group: “The results achieved confirm the Hera Group’s ability to continue along its path of creating sustainable value. The increase in the main economic-financial indicators and continuous improvement in return on invested capital, with ROI rising to 10.4% and Total shareholders return exceeding 35%, are clear signs of the solidity of our industrial model. We obtained significant growth in both our free market and regulated businesses, with Ebitda reaching close to 1.6 billion euro in 2024, while gross operating investments stood at 860.3 million euro, 35% higher than the average of the previous five years, 76% of which was aimed at pursuing decarbonisation, resilience and the circular economy. The growth in shared-value Ebitda as well, in absolute and percentage terms, testifies to our constant focus on creating not only economic, but also social and environmental value. Evidence of this lies in the economic value distributed in the local areas in which we operate, which in 2024 reached 2.1 billion euro. In addition to our infrastructural growth, we have also achieved commercial growth in all free market businesses and, in particular, in energy supplies, where we have reached 4.6 million customers, up 20%. Thanks to this further development, more than 13% of Italy’s population now receives at least one service from the Hera Group. In light of the results achieved and the Group’s financial solidity, we will propose to the Shareholders Meeting the payment of a dividend set at 15 euro cents per share, up 7.1% compared to the last dividend paid. The effects of this increase will extend to our entire dividend policy for the upcoming years. The results for 2024 therefore confirm once again the validity of our Group’s strategic vision and constitute the first building block of our Business plan.”   Orazio Iacono, CEO of the Hera Group: “In 2024, the Hera Group confirmed its solidity and capacity for growth, recording an increase of over 30% in net profit for Shareholders, which rose to almost 500 million euro. All business areas contributed to this result, which proves the Hera Group’s ability to continue growing in a complex macroeconomic context. The positive operating performances were supported by effective financial operations, since 2024 benefited from the liability management and debt rationalisation initiatives undertaken since the beginning of the energy market crisis, which have helped maintain a net debt to Ebitda ratio of 2.5x, ensuring that the Group has significant financial solidity and flexibility among the lowest reached in last two decades. This operating-financial solidity allows us to continue along our path of external growth, fully consistent with the perspectives defined in the Business plan. Moreover, we continued to accelerate our commitment to the green transition, with a focus on decarbonisation, circular economy and resource protection, also thanks to the contribution coming from of the EIB financing line. In 2024, gross operating investments reached 860 million euro, continuing the trend in infrastructure development that has lasted for years, aimed at improving the quality of services and the efficiency of assets, thus making the local areas served increasingly liveable, competitive and resilient. The Hera Group has therefore once again demonstrated its ability to combine economic development and sustainability, making a significant contribution to the creation of value in the areas it serves and to the achievement of its sustainability objectives, using the lever of innovation to ensure efficiency and new opportunities for growth. Lastly, we must mention that this year we have drafted a Sustainability reporting that covers all the core standards defined by the ESRS (European Sustainability Reporting Standards).” For further information Press release Investor Relations web area banner_be_csv_2024_ENG.png The year closed with growth in the main operating and financial indicators and in investments. The value created for all stakeholders and the Group’s financial solidity once again prove the validity of its multi-business model and ability to combine corporate growth with sustainable development. The proposed dividend was raised to 15 cents per share img_fy2024_110x150.jpg

The Hera Group is moving swiftly towards the circular economy of the future and has inaugurated, in Imola (Bologna), the first plant of its kind in Europe, capable of regenerating carbon fibre on an industrial scale. It is called FIB3R, a name that reflects the 3 R's that stand at the basis of the project: recover, reduce, reuse. Carbon fibre is thus recovered and reused, reducing the use of virgin fibre and therefore the environmental impact that would be required to produce it. There is one important competitive advantage: the fibre regenerated from FIB3R retains the virgin fibre’s characteristic lightness and high strength, guaranteeing - through a state-of-the-art pyrogasification process - that the regenerated product is ready to be reused, rewoven and/or impregnated, for the high-performance purposes for which this type of material is intended. The number of industrial sectors interested in these outstanding features is increasing, ranging from automotive to aerospace, nautical, furniture, textiles and fashion in the broadest sense, only to give a few examples.   The Hera Group’s commitment to advancing the ecological transition, as well as the expected increase in demand for carbon fibre over the next few years, have led it to anticipate this megatrend, accepting the challenge of applying it to this material as well, on an industrial scale. This will reinforce the virtuous path towards the circular economy that has been the basis of its strategy for years, combining economic growth with environmental sustainability. This path is the right one, as confirmed by the interest of the European Union, which has allocated FIB3R financing coming to more than 2.2 million euro as part of NextGenerationEU for its innovative technology and the strategic importance of the materials processed. The total investment planned by the Hera Group to build the Imola plant amounts to 8 million euro. At present, the plant is expected to produce 160 tonnes of recycled carbon fibre each year, with energy savings coming to 75% compared to virgin fibre. “FIB3R is the first plant of its kind in Europe able to recycle carbon fibre. It is aimed at promoting short and circular supply chains, in line with the strategy of making our served areas more competitive and resilient,” states Orazio Iacono, CEO of the Hera Group. “FIB3R is also a concrete example of how the Hera Group is able to combine technological innovation and sustainability, by exploiting the cross fertilisation between the advanced skills of the Group’s various sectors. Recovering carbon fibre not only reduces the environmental impact of this waste, but also creates new market opportunities in strategic industrial sectors. Investing in this kind of circular infrastructure increases the resilience of production chains, reduces dependence on imports of critical raw materials and, at the same time, creates value through sustainable business models. With over 100 advanced plants and 5 new facilities under construction, we have consolidated our country’s largest and most modern set of plants for material treatment and recovery, strengthening our role as a reference operator in the sector and a driving force for the circular economy in Italy. Our Business Plan confirms this strategy, with 2 billion euro in investments for 2024-2028 destined for regenerating resources, a commitment intended to generate value for all our stakeholders.” The inauguration of the FIB3R plant within the Group’s main facility in Imola, near Bologna, offered a chance to engage in a debate on the future of carbon fibre, combining innovation and sustainability. After the institutional welcome given by Marco Panieri, Mayor of Imola, and Irene Priolo, Councillor for the Environment, Local Planning, Mobility and Transport and Infrastructures of the Emilia-Romagna Region, Herambiente CEO Andrea Ramonda opened the event. This event saw the participation of important representatives of the industrial and academic communities: Davide Abate, Ferrari’s Chief Technologies and Infrastructures Officer; Roberto Frassine, Chairman of Assocompositi; Loris Giorgini, Director of the Department of Industrial Chemistry at the University of Bologna; Raffaella Luglini, Chief Sustainability Officer Leonardo; Horacio Pagani, Founder of Pagani Automobili; Andrea Rangone, Full Professor of Entrepreneurship and Digital Business Innovation at the Milan Politecnico; Ferruccio Resta, Chairman of the Fondazione Bruno Kessler FBK. The meeting came to a conclusion with a contribution by Orazio Iacono, CEO of the Hera Group. For further information Find out more on FIB3R webpage Press release https://eng.gruppohera.it/group_eng/innovation/carbon-fiber-recycling-fib3r fib3r Innovation and performance define the first plant of this kind in Europe to operate on an industrial scale, built in Imola to recycle carbon fibre composites while reducing environmental impact M_fiber-PP_CS (1).png

Binding agreement for 100%. Closing within 1H 2025 The Hera Group continues to grow in the Northeast with the acquisition, from the Marzotto Group, of Ambiente Energia Srl, a company involved in industrial liquid waste treatment at its Schio (Vicenza) plant. In Bologna, a binding agreement was signed for the acquisition of 100% of Ambiente Energia Srl, between Herambiente Servizi Industriali Srl (a subsidiary of Herambiente, which in turn is part of the Hera Group) and Manifattura Lane Gaetano Marzotto & Figli Spa. The acquisition will be closed within the first half of this year, following the usual conditions precedent for transactions of this kind. Transaction in line with the Business Plan to 2028 This transaction is part of the Hera Group’s growth strategy in the Waste management area, as defined by the recently approved Business Plan to 2028. More specifically, Ambiente Energia will extend Herambiente Servizi Industriali’s global waste management offer in one of the most productive and dynamic areas of Italy, where the Group is already well established with its subsidiaries Vallortigara in Torrebelvicino and Marano Vicentino (Vicenza), Aliplast in Ospedaletto d’Istrana (Treviso) and Recycla in Resana (Treviso) and Maniago (Pordenone). A multipurpose plant with an annual capacity of over 120,000 tonnes The Ambiente Energia plant, with an annual capacity of over 120,000 tonnes, thanks to its advanced technology, is able to treat numerous types of liquid waste and sludge, both hazardous and non-hazardous, such as paint and washing water, acids and bases, and water from chemical-physical treatments. The industrial added value of the agreement This capacity will give Herambiente Servizi Industriali greater flexibility and capacity in putting together its waste management and recovery projects proposed to companies in the area. Existing Ambiente Energia customers will have access to the know-how of Herambiente and its subsidiaries to develop resource valorisation and circular economy projects, above and beyond the treatment of liquid waste and sludge. For further information Press release acquisizione-Ambiente-Energia_870 1.png A binding agreement has been signed for the acquisition of Ambiente Energia, based in Schio near Vicenza and part of the Marzotto Group, through subsidiary Herambiente Servizi Industriali acquisizione Ambiente Energia_110.jpg

According to Standard & Poor’s, the Hera Group is the world’s best company in the Multi & Water Utility sector and has been included, for the fifth consecutive year, in S&P Global’s Sustainability Yearbook, for its best performances in three areas: Governance&Economics, Environment and Social. This result comes after Hera was included in S&P Global’s Dow Jones Europe & World Indices, two authoritative international stock market indices that include outstanding listed companies based on their performance in the areas of environmental, social and governance sustainability. More specifically, Hera is in the “Top 1%” of the best performing companies in its sector, with a score of 80/100, compared to a sector average of 35/100. This leadership is based on its exemplary ability to seize “market opportunities” and to carefully control and manage “risks and crisis” and “cybersecurity”. This analysis by S&P’s Global portrays a company at the forefront that, for the fifth year in a row, leads a benchmark made up of outstanding companies in the industry worldwide. Morningstar Sustainalytics has also included the Hera Group in its 2025 list of the best companies in terms of performance in the quality of risk management. In particular, the Group also stood out as “Industry Top Rated”, obtaining a score that places it at the top of its reference sector, alongside companies with one of the highest risk/return profiles, having fully regulated businesses and being highly protected from risks arising from the macro environment. These positive assessments confirm the Hera Group’s ability to pursue a sustainability strategy along a path that includes a constant commitment to developing the entire value chain, with a careful eye to global best practices. These recognitions come shortly after the presentation of the new Business Plan to 2028, in which the aspects highlighted by analysts are confirmed: a company that continues to sustain a significant creation of shared value, which translates into an average annual Total Shareholders Return expected at a double-digit percentage rate. For further information Press release HERA---SPGlobal_Yearbook_Emblem_2025_870 1.png For the fifth consecutive year, Hera has been included in S&P Global’s Yearbook, published today, in the “Top 1%” category among the world's best performing companies in the Multi & Water Utility sector HERA - SPGlobal_Yearbook_Emblem_2025_110.jpg

Acantho, the Hera Group’s digital company, which since October 2023 has also included the telecommunications company Asco TLC, now introduces its new HERABIT logo. Thanks to its fibre optic infrastructure network and four data centres located in Imola, Siziano (Pavia), Santa Lucia di Piave and San Vendemiano (both in the province of Treviso), the HERABIT brand will be used to offer Data Centre, Hybrid Multicloud, Data & Voice Communications, Cyber Security e Smart Solutions services to household customers and private and public companies, with a particularly strong presence in Emilia-Romagna and Northeastern Italy. The new HERABIT logo, which expresses the values of the Hera Group, of which the digital company is part, effectively conveys the key words that sum up its activities: digital innovation through Data Centre services and broadband network connections for businesses. The acronym BIT (Business Innovation Technology), in fact, perfectly encapsulates not only the company's skills, but also its daily commitment to turning technology into a value for the people, communities and companies that live and operate in the areas served, given that a “BIT”, as is well-known, is also the unit of measurement of digital space. This new brand expresses the dynamic evolutionary direction in which the digital company is now headed, in order to make the most of market challenges, with distinctive commercial offers, consistent with the values of the Hera Group, and competitive, sustainable and highly innovative solutions. In particular, this path includes expanding the Data Centre services offered, which are essential to guarantee the security, reliability and operational continuity of customers’ business, enhancing the skills acquired and strengthening synergies with the Hera Group. For further information Press release   Cookies disabled - content not available   HERABIT_Logo_870 1.png Acantho, the Hera Group's digital company, has been renewed to offer increasingly advanced services HERABIT_Logo_110.jpg

BUSINESS PLAN TO 2028, OPERATING AND FINANCIAL HIGHLIGHTS Five-year gross investments at 5.1 billion euro Return on net invested capital at 9.5% Structural growth in Ebitda reaching 1.7 billion euro EPS to rise by approximately 6% CAGR Dividends up 21% (rising to 17 cents per share) and average annual yield at roughly 5% Average annual total shareholder return (TSR) at 11%. Net debt/Ebitda stably below 3x over the period covered by the plan and projected at 2.8x in 2028 BUSINESS AND SUSTAINABILITY HIGHLIGHTS A portfolio balanced between regulated and free-market activities maintained, generating resilient results and capable of grasping emerging opportunities 2.6 billion euro in investments aligned with the European Taxonomy for Sustainable Investments (96% of eligible investments) Shared-value investments amounting to 77% over the entire five-year Plan 45% increase in shared-value (CSV) Ebitda over the period covered by the Plan, reaching 66% of total Ebitda in 2028 Commitment to reduce total CO2 emissions by 37% within 2030 and Net Zero by 2050 confirmed 25% of total investments will contribute to digitisation and innovation, 47% to increasing the resilience of infrastructures to climate change and 60% to the ecological transition 10.8 billion euro in economic value distributed over the 2024-2028 five-year period to stakeholders in the areas in which the Group operates 2024 PRELIMINARY RESULTS, HIGHLIGHTS Ebitda exceeds 1.55 billion euro (+4% vs 2023) Net debt/Ebitda ratio below 2.6x (stable compared to 2023) Dividends forecast at 15 eurocents (+7.1% vs 2023), higher than expected in the previous Plan The Hera Group’s Board of Directors, chaired by Executive Chairman Cristian Fabbri, reviewed the preliminary results for 2024 results and approved the Business Plan to 2028.   Cristian Fabbri, Executive Chairman of Hera Group: “A 5.1-billion-euro investment plan, rising by 46% compared to the previous five-year period and supporting sustainable industrial development that increases the resilience of our infrastructures, will allow us to target a 2028 Ebitda coming to 1.7 billion euro, supported by visible growth, both internal and external. This growth fully meets the objective of creating shared value for all stakeholders: profits will indeed increase by 30% (from 2023 to 2028), as will the contribution coming from sustainable activities to Group Ebitda, reaching 66%. The improvement in the objectives of the new Business Plan, along with the positive forecasted for 2024, allow us to revise our dividend policy upwards, proposing a 7% increase, compared to 2024, as early as 2025, reaching 21% by 2028. The economic value distributed over the 5 years covered by the Plan to stakeholders in the areas in which we operate also grows, to almost 11 billion euro.”   Orazio Iacono, CEO of the Hera Group: "For 2024, we expect to close with Ebitda over 1.55 billion euro, a result supported by all businesses in our portfolio, especially structural activities. This is even more significant when compared to the already outstanding 2023, which was affected by several non-recurring revenue opportunities, above all in the energy sector. This performance allowed us to fund an increase in investments and to further improve our financial solidity, with a net debt/Ebitda ratio below 2.6x, stable compared to the previous year. These good results are perfectly consistent with the new Business Plan, which forecasts 5.1 billion euro in gross investments, of which roughly 3 billion euro will be dedicated to the green transition in the areas served. The significant financial commitment required to support the investment plan, benefitting industrial development, will in any case be financed by a strong cash generation, which will also make it possible to keep financial leverage below the prudential level of 3x through to 2028, confirming our financial solidity and creating further flexibility to seize future opportunities". 2024 PRELIMINARY RESULTS The year that just ended saw a positive performance of the industrial margins of all businesses in the portfolio, with Ebitda expected to exceed 1,550 million euro, as against 1,495 million euro in 2023. The “structural” growth observed in the preliminary results, mainly supported by factors involved in organic growth, is even more significant when compared to 2023 Ebitda adjusted for non-recurring contributions, totalling roughly 100 million euro, at 1,395 million euro. A robust cash generation, also supported by efficient working capital management, allowed the net debt/Ebitda ratio to remain below 2.6x, in line with the 2023 result. Considering these figures, the dividend policy was revised upwards: the Board of Directors is expected to propose a dividend payment of 15 eurocents per share, up 7.1% with respect to the 2023 coupon paid in 2024, to be compared with the 3.5% growth forecast in the previous Business Plan (14.5 eurocents). BUSINESS PLAN TO 2028 The new Plan’s strategic framework confirms creating sustainable value benefiting all stakeholders thanks to a balanced business portfolio as the Hera Group’s goal, developing resilient industrial assets even in a scenario marked by continuous volatility and an increasing frequency of extreme weather events linked to climate change. Creating value: a target of 1.7 billion euro for 2028 Ebitda, with a 30% rise in profits The Group’s strategy focuses on creating value through four main growth levers: an efficient allocation of capital to investment projects with the best sustainability-risk-return profiles, expansion of market shares, an enlarged scope of operations thanks to M&A transactions and efficiency gains in both operating and financial costs. The plan aims to generate value benefiting all stakeholders, through financial, environmental and social sustainability objectives. The plan envisages a structural growth of Ebitda by 475 million Euro to 2028 with a CAGR of +7% exactly reflecting the targets set out in the previous Business Plan. This structural growth will more than compensates the eventual shortfall during the period covered by the Plan of some temporary business opportunities of the amount of 170 million euro and drive in any case Group Ebitda to 1,700 million euro in 2028, up from the previous target of the Plan to 2027. Focus on the sustainable development of the entire regional ecosystem, with steady growth in shared-value Ebitda, at over 1.1 billion euro in 2028 (66% of total Ebitda) The Hera Group has included initiatives in its Plan that have adequate profitability and are consistent with operating-financial balance, which at the same time guarantee that sustainable value creation is enhanced. By maintaining a focus on decarbonisation, circular economy, resilience and innovation, “shared-value Ebitda” is expected to increase significantly, exceeding 1,100 million euro in 2028, as against 776 million euro in 2023, reaching 66% of the Group’s total Ebitda and respecting the target of 70% in 2030. In the 2024-2028 five-year period, shared-value Ebitda will increase by 45%, reflecting the growing weight of initiatives that not only generate margins for the company, but are also in line with the goals on the UN Agenda. Gross investments at over 5 billion euro, with financial leverage remaining below 3x Over the 2024-2028 period, the Business Plan calls for total investments amounting to 5.1 billion euro. This financial commitment is 6% higher than the one included in the previous strategic document and 46% higher than the investments made over the last five years. Indeed, in addition to the 4.6 billion euro of investments directly financed by the Hera Group, almost 500 million in resources will come from the PNRR and other institutions. Of these investments, 61% will be earmarked for regulated businesses, while the remaining 39% will go towards fuelling the growth of free-market businesses. More than half of the investments (2.5 billion euro, or 54%) will be dedicated to networks. Furthermore, approximately 8% of the resources will be used to seize external growth opportunities. In line with the content of the European framework, the Group estimates that operating investments coming to 2.6 billion euro (or 96% of eligible investments) will be aligned with the European Taxonomy for sustainable projects, thus fully accessing subsidised sustainable finance instruments, with benefits also in terms of financial costs. 77% of the investment plan (or 4 billion euro) will go towards initiatives capable of creating “shared-value Ebitda”. For further information Press release Visit Investors web area PrimoPiano_Piano-Industriale_ENG_rev.png Development, resilience and creating value shared with all stakeholders confirmed as the strategic pillars of the new business plan, which allocates more than 5 billion euro in investments to accelerate the achievement of ecological transition targets and further increase the resilience of networks and plants PrimoPiano_BP2024-2028_110x150_eng.jpg

The Boards of Directors of AIMAG S.p.A. and Hera S.p.A. agreed to sign a framework agreement that will introduce a new phase in the project for an industrial partnership between the two parties. The transaction will be subject to the usual conditions foreseen for this type of operation and to all communications and approvals by the competent authorities and bodies. The parties expect to complete the transaction within June 2025. The path includes, among other things, a capital increase in kind consisting of a conferral by Hera to AIMAG of an approximately 45% stake in a Newco to which the activities pertaining to the integrated water service in the province of Modena, currently owned by Hera S.p.A., will be transferred, concerning the management of 7,300 km of networks serving approximately 470,000 thousand citizens. As of now, a single hub for Modena’s water cycle will thus be formed, making possible synergies and integrated developments of the current systems and enabling greater investments and significant improvements in the resilience of the water network. This reinforcement of AIMAG’s capital structure, along with the industrial and financial synergies obtained through Hera’s industrial governance, implying its consolidation line by line in the accounts, will enable an investment plan in the 2025-2028 period amounting to a total of over 250 million euro, for AIMAG and the Newco, to enhance the infrastructures of all portfolio activities, with consequent positive effects for all stakeholders. For further information Press release Gruppo Hera sede di Bologna_870 1.png The agreement calls for a capital increase in kind in the coming months through the conferral to AIMAG by Hera of an approximately 45% stake in a Newco managing the integrated water service in the province of Modena, currently managed by Hera Gruppo Hera sede di Bologna_110 (1).jpg

For the sixteenth consecutive year, we have been been certified as a Top Employer for our labour policies. This is a remarkable achievement, since this certification is among the most significant recognitions internationally given to companies that meet high standards in human resource management by the Top Employers Institute, a global certifier of corporate excellence in HR (Human Resource), based in the Netherlands. Top Employers Certification is awarded to companies that meet the high standards required by the HR Best Practices Survey. The analysis, which is highly attentive and increasingly selective from year to year, covers 6 macro-areas related to human resource management and examines in depth 20 different topics and the respective best practices, including: recognition of people and their professionalism, work environment, career opportunities, training and development, valuing diversity, fairness and inclusion, and well-being. This year the Top Employers programme recognised and certified 2,429 Top Employers in 125 countries worldwide, including the Hera Group. The main strengths that enabled us to achieve this important result are: safety, procurement, sustainability, inclusion, wellbeing and people development. In these areas, investments coming to 60 million euro have been planned for the 2024-2027 four-year period in staff training, a third of which will be dedicated to safety. 2,600 new hires are also foreseen along with many initiatives for the development of new skills, to support parents, frail people, caregivers and to valorise different abilities. The Group’s investment in and commitment to the growth and wellbeing of its people includes combating gender-based violence and promoting inclusion. The good quality of life of the Group’s over 10,000 employees is also supported by its extensive welfare plan, offering them a wide range of services, in which the company invests 18 million euro every year. The most significant initiatives include free psychological support sessions, personalised diet plans and sessions with physiotherapists and posturologists, health promotion and prevention programmes with free check-ups and screenings, initiatives to support parenting and childhood education, and sustainable mobility. For further information Press release Primo_Piano_Top_Employer_Italy_2025 (3).png We have been confirmed as one of the best companies in Italy and worldwide in human resource management, thanks to its commitment to combining corporate growth, collective wellbeing and sustainable development primo_Piano_Top_110x150 (2).png

The Hera Group has started the year with a new milestone in sustainable finance. The first Italian company to issue a green bond in 2014, today Hera successfully launched its fourth green bond, covered by its "Euro Medium Term Note Programme" (EMTN) bond issue plan, recently updated and increased in its maximum amount. This bond respects the Group’s Green Financing Framework (GFF), prepared on the basis of ICMA principles, aligned with the criteria of the European Taxonomy and certified by an independent firm. The issue attracted significant interest from international investors, receiving orders for approximately 2.75 billion euro, almost 5.5 times the amount offered. With this issue, Hera has once again given the market an opportunity to finance the Group’s strategic projects aimed at the green transition and aligned with the Taxonomy, once again confirming itself internationally as a reference company for sustainable finance. The characteristics of the Group’s fourth green bond and the areas financed The fourth green bond of Hera Group amounts to a total of 500 million euro, repayable in 6.5 years with a 3.250 % coupon and a 3.396% yield. The settlement date of the new issue has been scheduled for 15 January 2025. This green bond consists of senior, non-convertible, unsecured notes, intended for circulation among qualified investors. The new green bond is also expected to be assigned a rating in line with Hera’s. The transaction saw significant participation coming from international investors (in particular, Great Britain, France and Germany), mainly green and sustainable, confirming the interest towards the Group coming from abroad. The bond is expected to be listed, as of the issue date, on the regulated market of Euronext Dublin and, at the same time or at a later date, on the regulated market of the Luxembourg Stock Exchange and on the ExtraMOT PRO multilateral trading system managed by Borsa Italiana. The funds raised will be used to finance or refinance numerous projects, already ongoing or included in the Group’s Business Plan, selected on the basis of the Green Financing Framework (GFF), which work towards one or more of the goals on the UN’s 2030 Agenda for Sustainable Development (SDGs), subdivided into 3 areas: 1. integrated water cycle (aligned to SDGs 6, 13 and 14): construction and extension of infrastructures for water collection, treatment and supply, with projects for wastewater collection and treatment; 2. circular economy, pollution prevention and control (meeting SDGs 11, 12 and 13): advanced projects in plastics regeneration, anaerobic digestion of organic waste for the production of compost and biomethane, and waste collection and transport systems; 3. energy efficiency and infrastructures (consistent with SDGs 7, 11 and 13): production of renewable electricity through photovoltaics and geothermal energy, development of district heating networks, installation, maintenance and repair of energy efficiency equipment and renewable energy technologies, including electricity transmission and distribution grids. For further information Press release   sede_bo_870 margini arrotondati.png Maturing in 6.5 years, it will fund the Group’s strategic capex plan focused on sustainable and resilient management of the integrated water cycle, in the circular economy for regenerating resources and in the energy transition for developing renewables and energy efficiency sede_bo_110 (2).jpg

The Hera Group, acting through its subsidiary Hera Comm, and Ascopiave signed the deed by which the latter transfers 25% of the share capital of EstEnergy, a commercial joint venture established in 2019 which is the largest energy operator in the Northeastern Italy. The Hera Group’s holding in EstEnergy thus rises to 100%, while Ascopiave concludes its withdrawal from the company, after selling an initial 8% in 2022 and a further 15% in 2023. The possibility of dilating the withdrawal over time was a value for both companies, since it allowed Ascopiave’s local roots to be enhanced alongside Hera’s industrial approach to managing sales activities. The customer base’s economic fundamentals thus significantly improved, expressing synergies and opportunities for the supply of value-added services and laying solid foundations for further growth in margins. In five years, by rationalising the number of companies and renewing IT systems, it has been possible to improve the quality of customer relations by combining the local nature of this relationship with a commercial approach in line with the best standards. This has led to increased and reinforced contact channels and types of energy solutions for customers, with the aim of supporting them along the road to decarbonisation. The transaction formalised today, whose value came to approximately 232 million euro, results from Ascopiave exercising the put option for its shareholding in the company, as defined in the agreements signed between the parties when the partnership was established. This amount will be paid within July 2025, at the same time as the transfer of the shares. This transaction, in fact, follows up in full on the agreements made in 2019, which were therefore already fully reflected in the Hera Group’s net financial position. The early exercise of the put option, with respect to its natural maturity, entails a potential prospective benefit in the income statement, deriving from the Hera Group’s lower financing costs compared to the notional accounting rate applied to the value of the put option. The Hera Group thus further strengthens its position as Italy's third operator in the energy sector, reaching 4.7 million electricity and gas customers. This transaction will enable the Ascopiave Group, whose partnership with the Hera Group continues through its shareholdings in Hera Comm and Acantho, to improve the sustainability of its capital structure, in line with the goals set out in its strategic plan and contributing to the financial coverage of investments in core and diversification activities. For further information Press release   Cristian-Fabbri---Isabella-Malagoli---Nicola-Cecconato_870 1.png Following Ascopiave’s decision to exercise its option to sell its 25% stake in EstEnergy, Hera Comm becomes the sole shareholder of the largest energy operator in the Northeastern Italy Cristian Fabbri - Isabella Malagoli - Nicola Cecconato verticale_110.jpg

We have been confirmed for the fifth consecutive time in the Dow Jones Sustainability Index. Following up on the previous editions, we were included in both the European and global indexes. The DJSI, an authoritative international stock market index, includes the highest performing listed companies in the Environmental, Social and Governance & Economics dimensions. More specifically, we have reconfirmed ourselves among the world leaders in its sector for the fourth time in the last five years. A recognition that confirms both the results achieved and the complete and transparent sustainability reporting, along with its strategic approach in pursuing the creation of shared value for all stakeholders. This strategy has also brought further elements perfectly consistent with this approach during 2024: the Good Work Deal to define strategies and commitments on safety, inclusion, training and environmental sustainability the Climate Transition Plan to achieve carbon neutrality by 2050 Hera_Pro for the sustainable development of the entire supply chain We have also been present for some years in a row in the top ten of Refinitiv’s international Diversity & Inclusion Index ranking, for our commitment to promoting diversity, inclusion and people development. We are the first Italian company in the ESG Identity Corporate Index 2024 (third time in the last four years), for the full and conscious integration of sustainability policies in our business strategies. For further information Press release sede_bo_870 1.png This comes as further recognition of the company’s approach to creating shared value for all stakeholders sede_bo_110.jpg

The Hera Group has been awarded 9.4 million euro to finance two pioneering projects in the development of advanced agrivoltaic systems. This funding falls within the measures of the National Recovery and Resilience Plan (NRRP), as Investment 1.1 “Agrivoltaic Development”, under Mission 2 “Green Revolution and Ecological Transition”, Component 2, “Renewable Energy, Hydrogen, Grid and Sustainable Mobility”. The plants will make an important contribution to the energy transition in Emilia-Romagna thanks to their total peak power coming to over 19 MW, equivalent to the consumption of approximately 11,000 Italian households, with savings amounting to 7,700 tonnes of CO³ per year, equal to the absorption capacity of 830 hectares of forest, corresponding to about 1,200 football pitches. More specifically, 6.6 million euro have been allocated to the Hera Group’s project for developing an Energy Park in Faenza, while 2.8 million euros will go to the Cesena project of Horowatt, a newco established by Hera and Orogel, an agricultural cooperative company. These NRRP grants will reinforce the Hera Group’s investments in the renewable energy sector and the installation of agrivoltaic plants, and give further recognition to Hera’s commitment in the field of energy transition and decarbonisation in favour of the areas served. Agrivoltaic development projects are part of the strategy outlined in the Group’s Business Plan, which includes numerous initiatives and investments to achieve carbon neutrality, reduce emissions and increase the production of green energy. These initiatives also fall under the Group’s Climate Transition Plan, which aims to achieve Net Zero emissions by 2050. Horowatt: Orogel’s green agriculture 4.0 revolution Horowatt will construct an innovative agrivoltaic plant at the Cesena facility of the Orogel Group, capable of producing roughly 8 GWh each year, more than 80% of which will be self-consumed energy used by the agricultural cooperative’s own plants. The agrivoltaic plant will be built and managed by Horowatt and will integrate with the existing cogeneration plant built and managed by Hera Servizi Energia, the Hera Group’s ESCo. This is a highly important work, both for reducing Orogel’s energy costs and for its environmental benefits. In fact, it is estimated that the plant will lead to an annual saving of about 2,000 tonnes of carbon dioxide emitted. Faenza Energy Park: an urban forest with renewable energy production The Faenza Energy Park will be built on a vast area, covering about 70 hectares to the west of the city. This new plant will consist of over 22,000 double-sided panels with a total power of about 14 MW and is estimated to produce 21.5 GWh of electricity per year, equivalent to the consumption of about 7,500 families, with an annual carbon dioxide saving of over 5,700 tonnes. The electricity produced will be directly fed into the grid, significantly reducing Faenza’s carbon footprint and increasing the city’s energy self-sufficiency. For further information Press release EnergyPark_Faenza_870 1.png This funding will make it possible to accelerate the Group’s strategic investments for developing innovative initiatives aimed at producing renewable energy without further land consumption, thus promoting the energy transition and decarbonisation in Emilia-Romagna EnergyPark_Faenza_110.jpg

The Global Commitment Annual Progress Report 2024, which provides a detailed overview of the progress made by the more than 500 signatories of the Global Commitment in the fight against plastic waste pollution, was presented today. Launched in 2018 by the Ellen MacArthur Foundation in partnership with the United Nations Environment Programme (UNEP), the Global Commitment brings together companies, governments, and NGOs in a concrete effort to promote the transition to a circular economy and innovation in materials and business models, while addressing plastic waste pollution. The signatories to the initiative, including the Hera Group, the only Italian utility company to sign up to it, commit to setting ambitious targets to report on and to publicly report progress annually. The 2024 Annual Report highlights, among others, the following progress: The signatories' efforts have prevented the use of 9.6 million tonnes of virgin plastic since 2018, equivalent to 1 trillion single-use plastic bags. For the sixth consecutive year, signatories continued to increase the use of post-consumer recycled plastic (PCR) containers. By increasing the use of recycled plastic, the signatories are avoiding the extraction of one barrel of oil every two seconds, eliminating the equivalent of the carbon emissions of a city of almost 750,000 people. In particular, the Hera Group has committed to increase the following by 2025 (compared to 2017): plastic collected in the municipalities served by 30%; plastic sorted and sent for recycling in its plants by 50%; plastic recycled by Aliplast by 70%.   The Hera Group’s figures at the end of 2023 indicate that the path taken is the right one. With regard to the plastics collected in the municipalities served, the multi-utility reached its 2025 target three years ahead of schedule, also thanks to the contribution of citizens who, in recent years, have improved sorting with a view to recycling. The Ellen MacArthur Foundation The Ellen MacArthur Foundation is an international charity whose mission is to accelerate the transition to a circular economy to address some of the greatest challenges of our time, such as climate change, biodiversity loss and pollution from plastic sources. Founded in 2010, the Foundation works with a network of public and private sector actors, as well as academia, to design and build circular economy initiatives and solutions. Since 2017, the Hera Group has taken part in the Foundation's programme.   For further information Consult the Global Commitment Annual Report 2024 img_primo_piano_commitment.png The annual report highlights the progress achieved by signatories in combating plastic pollution. Hera is the only Italian company in the sector to sign up to the initiative. It plans to increase the amount of plastic collected and sent for recycling by 2025 Global Commitment 2024_110.png

Financial highlights Revenues at 8,187.4 million euro (-25.3%) Ebitda at 1,037.6 million euro (+3.1%) Net profit for Shareholders at 282.9 million euro (+20.1%) Gross operating capex at 561.1 million euro (+9.2%) Net financial debt at 4.175,0 million euro and Net debt/Ebitda ratio at 2.74x Business highlights Growth in operating results sustained by increased volumes in energy sales and volumes treated in the waste management area, which confirmed its resilience within a less expansive macroeconomic context Positive contribution to operating growth also coming from all regulated activities, following the Authority’s revisions of tariff systems and ongoing cost-efficiency projects Continuous growth in the customer base: over 7.5 million citizens with at least one service provided by the Group Innovative initiatives maintained to accompany the ecological transition in the local areas served and strengthen the resilience of assets, in line with the strategy to achieve Net Zero by 2050 Today, the Hera Group’s Board of Directors, chaired by Executive Chairman Cristian Fabbri, unanimously approved the consolidated quarterly report at 30 September 2024. The first nine months of 2024 showed a decrease in turnover, caused by lower energy prices, and a confirmation of growth in operating results and capex, even compared to the significant growth achieved in 2023, sustained by non-recurring components as well. More specifically, the 9.2% increase in operating capex demonstrates the Group’s ongoing focus on developing, enhancing and strengthening the resilience of the assets under management, whose reliability was confirmed once again during the extreme weather and climate phenomena recently recorded in Emilia-Romagna region. Moreover, Hera’s commitment to projects capable of accelerating the path towards the green transition of the communities served remained constant, fully in line with its five-year Business Plan to 2027. Excellent results were achieved in business operations, with growth in both free market and regulated activities, which sustained the increase in Ebitda and operating income and ensured solid value creation for all stakeholders.   Cristian Fabbri, Executive Chairman of Hera Group: “Fully in line with the first half of 2024, the results for the nine months of the year point towards significant growth in all main indicators of our income statement and steady progress in the value created for all stakeholders. In particular, the rise in net profit attributable to Shareholders, which increased by more than 20%, and the increase in return on invested capital, now at 9.5%, confirm that we are fully implementing our Business Plan. The positive financial results were accompanied by an ongoing focus on sustainable growth in the areas in which we operate, and this commitment was confirmed by shared-value Ebitda, which came to roughly 54% of overall Ebitda. These results leverage the Group’s ability to grow in both its free market and regulated activities, continuing along the path of ‘structural’ sustainable development in favour of the communities served. With the beginning of the Gradual Protection Service “STG” provided to customers, and our continuous commercial development, we now supply at least one service to over 7.5 million citizens.”   Orazio Iacono, CEO of the Hera Group: "The report as at 30 September shows an increase coming to over 20% in net profit attributable to Shareholders, which rose to approximately 283 million euro. The Group achieved particularly solid growth, with an important contribution coming from regulated businesses, which benefited from changes in the regulatory framework, and from the waste management business, which showed a continuously increasing Ebitda, especially in the free market, consolidating its leadership in this sector despite a complex macroeconomic context. The operational performance, already positive, was accompanied by a significant contribution from financial management, which are progressively benefitting in 2024 from the liability management and debt rationalisation initiated in the second half of 2023. Moreover, partially thanks to the contribution coming from the EIB financing line, the Group continued to accelerate along its path of green transition, decarbonisation, circular economy and protection of water resources in the territories served. Gross operating investments were up by approximately 10%, and have been rising for many years precisely to work towards a major infrastructure development, with the aim of improving the quality of services and the resilience of all assets. The net debt to Ebitda ratio, which remained steadily at around 2.74x, provides the Group with significant financial solidity and flexibility, allowing it to successfully grasp opportunities for external growth, in line with the targets of the Business Plan".   Revenues at over 8 billion euro At 30 September 2024, revenues amounted to 8,187.4 million euro, down from 10,955.0 million euro in the same period of 2023 (-25.3%), mainly due to the drop in energy commodity prices and a reduction in incentivised activities on energy-saving services. The decrease in turnover due to lower volumes of gas was more than offset by the higher volumes of electricity sold, thanks to significant commercial development, and by higher tariff revenues in network services for regulated businesses, based on the Authority’s new return benchmarks. Ebitda rises to 1,037.6 million euro Ebitda for the first nine months of 2024 increased to 1,037.6 million euro (+3.1%), as against 1,006.8 million euro at 30 September 2023. This growth was entirely organic and structural, driven by the water cycle and the good performances of the waste management and electricity areas, which allowed the Group to fully offset the loss of margins linked to the super-ecobonus, included in the gas area, and confirming once again the solidity of its multi-business portfolio. Ebit increases to 522.5 million euro Ebit for the first nine months of 2024 rose to 522.5 million euro, up 3.5% from 504.6 million euro in the same period of 2023. This increase was supported by a normalisation of provisions, due to a standardisation in the prices of commodities in energy markets; this partly offset the increase in amortisation related to the trend in investments over the last few years, mainly linked to the development of plants in the waste management sector and in water and energy distribution networks. Financial operations: excellent results in the first 9 months Financial operations for the first nine months of 2024 amounted to 89 million euro, improving by 50.7 million compared to the same period of the previous year, mainly due to the rationalisation of the financial structure. Net profit pertaining to Shareholders up by over 20% At 30 September 2024, net profit amounted to 312.1 million euro (+16.8%), compared to 267.1 million in the same period of 2023, with a tax rate coming to 28%, up slightly mainly due to lower tax benefits. Net profit attributable to Shareholders rose to 282.9 million euro, up 20.1% compared to the 235.5 million euro seen at 30 September 2023. Strong growth in operating investments and the Group’s financial solidity confirmed In the first nine months of 2024, operating investments, including capital grants, amounted to 561.1 million euro, up 47.1 million euro compared to the previous year (+9.2%) and mainly related to development work on plants, networks and infrastructures, as well as regulatory upgrading, particularly in energy and water networks. The Group’s financial solidity was fully confirmed, with a net debt/Ebitda ratio of 2.74x. This figure remained constant throughout the year, leaving ample financial flexibility for potential new opportunities in the future. The total amount of net financial debt in the first nine months of 2024 came to 4,175 million euro, in line with the 4,148.9 million euro seen at 30 September 2023. Financial returns improved both on invested capital, which stood at almost 8 billion euro, and on equity: ROI rose to 9.5% (from 9% at 30 September 2023) and ROE to 11.7% (from 10.6% in the first nine months of the previous year).   For further information Press release Visit Investors web area   primo_piano_risultati9M_eng.png The first nine months of the year closed with growth in the main financial indicators and in capital expenditures, in line with the first two quarters and the Business Plan targets img_9M2024_110x150.jpg

From 5 to 8 November 2024, the Fiera di Rimini will host Ecomondo, the leading European fair on ecological transition, technological and industrial innovation in environmental services and the green economy, focusing on waste and resources, the circular bio-economy and water. We are at Pavilion C1, Stand 500, with a two-story exhibition space covering 550 square metres, where Hera Group is present along with Herambiente and its subsidiaries (Aliplast, Recycla, Herambiente Servizi Industriali, TRS Ecology, Vallortigara, A.c.r. Reggiani). The stand is decorated with works of art made from recycled materials by SCART, the Hera Group project devoted to the artistic regeneration of industrial waste, in full compliance with the circular economy. This year, SCART presents a new version of the "Gli Animali" project, proposed at Ecomondo in 2015. It is one of the projects that have achieved great success in many traveling exhibitions in recent years, and in 2024 it’s be proposed again with more new works. In addition to the students of the Academies of Fine Arts of Florence and Ravenna, the artists of the SCART community Alberto Salvetti and Fabrizio Giorgi worked on this new exhibition. In the external area of the main entrance dedicated to Hera Group, the “Capodoglio Giovanni” returns, created by Edoardo Malagigi by reusing over 3000 food containers. The Capodoglio is 13 meters long and is a faithful reproduction of a sperm whale that lives between Sardinia, the Island of Elba and Toulon, it’s called Giovanni and was registered in 1993.   For further information Visit Ecomondo website   null null null null null null null null null null null null gallery ecomondo 01.jpg gallery ecomondo 02.jpg gallery ecomondo 03.jpg gallery ecomondo 04.jpg gallery ecomondo 05.jpg gallery ecomondo 06.jpg gallery ecomondo 07.jpg gallery ecomondo 08.jpeg gallery ecomondo 09.jpeg gallery-ecomondo-10.jpg gallery-ecomondo-11.jpg gallery-ecomondo-12.jpg null null null null null null null null null null null null null null null null null null null null null null null null eco-870x320 eco-110x150

At ENLIT Europe 2024, one of the most important fairs for energy transition focusing on innovations in smart grid technologies for decarbonization, Hera Group and Panasonic Industry Europe strengthen their collaboration by extending the commercial agreement for the distribution of the innovative NexMeter gas meter to the European gas distribution market, with potential future partnerships with global operators. The collaboration between Gruppo Hera and Panasonic dates back to 2019, when the multi-utility launched its 4.0 smart gas meter, equipped with advanced safety and leakage reduction functions, which later evolved in terms of hardware and software. Conceived by an industrial group with a strong focus on sustainability, NexMeter is mainly built with recyclable components. Since 2021, Hera has also introduced recycled plastic components and obtained the “compatibility” label for green gas mixtures such as hydrogen and biomethane. NexMeter is now a consolidated device. The Hera Group’s development plan has led to the installation of about 300,000 meters mainly in Friuli-Venezia Giulia and Emilia-Romagna, areas classified as of high seismic risk. Thanks to its advanced features and shut off valve, the meter can detect gas leaks in the users’ homes, stop the supply in case of dangerous leaks, and alert emergency centers autonomously. To date, 70 alert cases have been recorded, 18 of which avoided serious incidents. Additionally, NexMeter’s extreme sensitivity allows the detection of even small, often hidden leaks, effectively contributing to the reduction of methane emissions into the atmosphere in homes and companies. For the Hera Group, the NexMeter is a strategic lever for reducing Scope 3 emissions as outlined in its Climate Transition Plan with a net zero target by 2050. This document, in line with the scientific community guidelines, quantifies the Group’s current and future emission impacts and illustrates both the contribution of external scenario evolution and the internal decarbonization levers the company will implement with an active stakeholder involvement. One of the most innovative aspects of Hera Group’s net zero plan is the aim to reduce emissions not only within its activities but also along the entire value chain, investing in solutions that promote energy efficiency and electrification at consumption centers. For further information Press release nexmeter_870_new.png Thanks to its advanced features in measurement and safety in case of dangerous leaks, proven performances in emission reduction and energy efficiency, the device plays an essential role in the decarbonization of consumption centers nexmeter_110.jpg

Capturing carbon dioxide emitted from the waste-to-energy plant’s chimneys and storing it in depleted natural gas fields, thereby significantly reducing plant emissions while contributing to the decarbonization of local areas. This is the goal of the pioneering project for the Ferrara plant - proposed by Hera Group, as the lead partner, in collaboration with Saipem - that has been selected to receive funding under the fourth call for mid-scale projects from the EU Innovation Fund. Once the allocation is finalized, the funding for the CO₂ emission capture project will amount to nearly €24 million. This industrial CO₂ capture project is the first of its kind in Italy designed for waste-to-energy plants and among the first in Europe. It involves the application of Bluenzyme™️, Saipem's proprietary and modular solution based on “CO₂ Solutions”, an innovative enzymatic technology for capturing carbon dioxide in industrial processes of small and medium emitters. The initiative was selected by European authorities for its high level of innovation, and its potential replicability in other waste-to-energy plants and other hard-to-abate industrial sectors in Italy, and more generally across Europe. The European Funds will cover a significant portion of the €53 million planned for the construction of the CO₂ capture plant. Depending on opportunities arising from changes in the regulatory framework, the plant is expected to be operational by 2028. The project will fully abate CO₂ emissions from the Ferrara waste-to-energy plant CO₂ capture is a crucial decarbonization tool for waste-to-energy plants, and for now, the Herambiente plant in Ferrara has been identified as the most suitable. The project will enable, in fact, the capture of approximately 90% of the emissions from one of the plant's two lines, amounting to 64 thousand tons of CO₂ per year (equivalent to the annual emissions of around 37 thousand cars), which represent the entirety of the CO₂ emitted, making the entire energy production from the waste-to-energy process sustainable. The remaining share of the CO₂ emitted by the plant is biogenic in nature and therefore environmentally neutral. The captured CO₂ will be transported via pipeline and stored in the depleted gas fields of the Northern Adriatic. The new CO₂ capture plant will ensure high standards of safety and innovation, while maximizing energy efficiency. It will be entirely green, as it will exploit renewable energy, both generated from the waste-to-energy plant itself and from geothermal heat delivered through the multiutility’s district heating network. The enzymatic capture process, with a low environmental impact, can be powered by low-temperature heat, such as geothermal heat. Further CO₂ emissions will therefore be avoided. For further information Press release sede_hera_870_rev 1 (1).png It will be the first industrial-scale example of CCS applied to a plant of this type in Italy. The project is one of the main decarbonization levers in the multi-utility's Climate Transition Plan to reduce internal emissions sede_hera_110 (2).jpg

For the 9th consecutive year, we have been confirmed as one of the world’s Top 100 companies most attentive to diversity and inclusion, according to the recognition given by the FTSE Diversity and Inclusion Index, the international index designed by FTSE Russell (formerly Refinitiv). We ranked top multi-utility overall, 3rd among Italian companies and 19th globally in the ranking compiled on the basis of data collected by FTSE Russell at 30 June 2024. This international benchmarking company analysed more than 15,500 listed companies worldwide, which were assessed according to 24 parameters divided into four pillars: gender diversity, inclusion, people development and controversies. Fairness and inclusion are also among the main pillars of the Good Work Deal signed in July with the trade unions. This broad, innovative and programmatic document represents a historic deal with the trade unions and provides an unprecedented instrument to companies in the sector. The new elements contained in the Agreement include a commitment to support parenting, frail persons, and caregivers, the valorisation of diverse abilities, investment in the growth and wellbeing of the people who work in the Group, the fight against gender-based violence and the promotion of inclusion. These results are achieved through concrete actions and by building a culture of fairness and inclusion. For further information Our commitment in D&I   D&I_870 1.png The Hera Group ranked 3rd in Italy and 19th globally among the 100 most inclusive and diversity-conscious companies D&I_110.jpg

Financial highlights Revenues at 5,536.8 million euro (-33.3%) Ebitda at 732.7 million euro (+2%*) Net profit for shareholders at 218.4 million euro (+16.4%*) Gross operating investments at 344.4 million euro (+8.2%) Net financial debt at 4,063.5 million euro (-2%), with Net debt/Ebitda ratio at 2.69x (-10%) Business highlights Contribution to structural growth coming from all business areas Significant increase in the energy customer base, further consolidating the Group’s position as Italy’s third largest operator in this sector Ongoing innovative initiatives to support sustainable growth benefitting all stakeholders, with a clear improvement in shared-value Ebitda, at 53% (+1%), and further projects favouring employees, suppliers and the reduction of climate-changing emissions Today, the Board of Directors of the Hera Group, chaired by Executive Chairman Cristian Fabbri, unanimously approved the consolidated results for the first half of 2024. The half-year ended with increased operating results and investments compared to the same period of the previous year, within a more stable market scenario due to the reduced volatility of energy commodity prices. The Group’s good operating and financial performance is the result of its consolidated multi-business model, balanced between regulated and free-market activities. The consolidated half-year report at 30 June demonstrates, once again, Hera’s considerable financial solidity and confirms its focus on the resilient and sustainable growth of the company and the local areas served, creating value for all stakeholders.   Cristian Fabbri, Executive Chairman of Hera Group: “The results for the first half of 2024, with main economic and financial indicators increasing, also testify to the constant generation of value for all our stakeholders. Ebitda rises to 732.7 million euro, thanks to the contribution of core business areas, and a strong improvement in ROI is recorded, which stands at 9.6% - 10% higher than in the same period last year - fully confirming a profitability strongly underpinned by the growth of ‘structural’ activities. This further progress, following up on the extraordinary results of 2023, shows our Group’s ability to achieve the goals included in our Business Plan, creating the conditions for further development, supported by an 8% increase in investments. The creation of value for shareholders, to whom dividends were distributed with a 12% increase, in the first half of the year, was accompanied by significant results in ESG factors, including an increase in shared-value Ebitda, now reaching 53% of total Ebitda, the definition of a strategy to reach the Net Zero target by 2050, the signing of the Good Work Deal and the supplier development programme, which further confirm the centrality of the environment, workers and suppliers as protagonists and beneficiaries of the path for sustainable development defined in our Business Plan, in favour of the communities in which we operate. Moreover, in July we further expanded our Electricity business adding one million customers, following the recent award of the tender for the Gradual Protection Service for non-vulnerable household customers”.   Orazio Iacono, CEO of the Hera Group: "Our half-year report shows a significant increase of over 16% in net profit attributable to shareholders, which rose to over 218 million euro. Industrial growth was reinforced by a relevant contribution coming from the financial structure. Financial solidity was guaranteed by the net debt/Ebitda ratio, which stands at 2.69x, confirming a full financial flexibility. Growth in operating margins was due, in particular, to the excellent performance of networks, which in total contributed almost 270 million euro to the Group's EBITDA, equal to 11%, thanks in particular to energy distribution services and the water cycle, and to the acceleration of growth in the waste area, which rose to 172 million euro (+5.3%). An infrastructure platform and an integrated multi-business strategy that makes the most of industrial synergies among the Group’s subsidiaries confirm our role as enabler of the green transition and the resilience of the activities carried out in the served areas. The achievement of the Net Zero target to 2050 will also be supported by technological innovation, such as, for example, the installation of carbon capture and storage technologies on several of the Group's waste-to-energy plants”.   Revenues at over 5.5 billion euro Revenues amounted to 5,536.8 million euro, as against 8,297.5 million at June 30, 2023 (-33.3%), mainly due to lower energy prices and lower values in trading activities. More generally, the greater stability seen in commodity prices positively influenced the performance of the entire operating and financial management during the period.   Ebitda rises to 732.7 million euro Ebitda for the first half of 2024 rose to 732.7 million euro (+2%*), compared to 718.3 million euro at June 30, 2023. This growth was driven by all core activities in the portfolio, from the integrated water cycle to both regulated and free-market activities in waste management and traditional energy sales and distribution activities, allowing the Group to compensate for the loss of margins related to the super-bonus.   EBIT and pre-tax result increase Ebit at June 30, 2024 grew to 385.1 million euro, up 2.8%* from 374.7 million euro seen in the first half of 2023. This positive performance was linked to lower provisions for bad debts, mainly involving energy customers due to lower commodity prices. This decrease almost completely offset the rise in amortisation related to development investments, in line with the Business Plan. Significant improvement was also seen in financial operations, thanks to the gradual easing of the financial absorption caused by the energy crisis and the ensuing financial rationalisation, which led to savings in expenses related to debt, and income from tax credits for incentivised work in 2023. The positive results of operational and financial management led the pre-tax result to stand at 329.6 million euro (+16%*), as against 284.2 million at June 30, 2023.   Net profit for shareholders increases significantly, reaching 218.4 million euro The net income rose to 237.3 million euro (+14.1%*), compared to 208 million in the first half of 2023, after a tax rate at 28%, as against 26.8% at June 30, 2023, the latter underpinned by non-recurrent tax benefits. A significant increase also occurred in net profit for Group Shareholders, coming to 218.4 million euro (+16.4%*), as against 187.7 million at June 30, 2023. These results confirm the creation of value for all stakeholders, perfectly in line with the expectations of the Plan.   Operating investments rise and Group solidity further strengthened The amount of investments made confirms Hera’s strategic plans and involved significant work on plants, networks and infrastructures. Operating investments in the first half of the year, including capital grants, amounted to 344.4 million euro, up 8.2% from 318.4 million euro at June 30, 2023. The total amount of net financial debt came to 4,063.5 million euro, compared to 3,827.7 million at 31 December 2023 and improving by 2% compared to the first half of 2023. The net debt/Ebitda ratio stood at 2.69x, well below the Group’s historically conservative policy, confirming the Group’s financial solidity. Maintaining low financial leverage gives Hera flexibility to further expand operations. In addition, to secure any additional extraordinary liquidity needs, the Group still has a 450 million euro sustainable revolving line, maturing in 2028, and a 460 million euro EIB financing line, usable within September 2026 with a sixteen-year term.   For further information Press release Visit Investors web area   img_1H2024_banner_en.png The consolidated half-year report at 30 June indicates growth in the Group’s main operating-financial indicators and shows its considerable financial solidity, fully in line with the targets set out in the Business Plan. img_1H2024_110x150_en.jpg

Today, the Board of Directors of the Hera Group, one of Italy’s largest multi-utility companies operating in the waste management, energy and water sectors, approved the Climate Transition Plan, a document that presents the Group’s strategy and commitment to achieve Net Zero by 2050. This goal will be pursued as regards both direct and indirect greenhouse gas emissions, reducing them by 90% overall within 2050 (compared to 2019) and removing all residual emissions at the end of the path to decarbonisation. The Climate Transition Plan sets out the key aspects of the Group’s strategy over the short, medium and long term, consistently with the indications and trajectories outlined by the scientific community, starting with the 2015 Paris Agreement, to limit global warming to within 1.5°C at the end of the century, compared to pre-industrial figures. This document therefore presents the Hera Group’s vision and commitments for a sustainable future, quantifying its current and future impact in terms of emissions and illustrating both the internal decarbonisation levers that the company will activate to achieve Net Zero with the full involvement of all stakeholders, and the contribution coming from the evolution of the external scenario. Well integrated within the Group’s more general strategy, the definition of a long-term Net Zero objective contributes to the concrete form taken by its corporate purpose – which explicitly mentions the achievement of carbon neutrality – and is consistent with the decarbonisation commitments already undertaken by the Group with an outlook to 2030. For further information Press release bannerino_netzero_rev (2).png The Hera Group’s climate change mitigation strategy is now enriched with the definition of the Climate Transition Plan and the goal of reaching Net Zero by 2050 as regards direct and indirect emissions Immagine_110_150 (1).jpg

Fincantieri and the Hera Group have signed a memorandum of understanding to launch a partnership aimed at optimising waste cycle management and creating value in Fincantieri’s shipyards throughout Italy, in accordance with the principles and objectives of the circular economy. The agreement calls for the establishment of a newco – owned by Fincantieri and the Hera Group, through its subsidiaries Herambiente Servizi Industriali (HASI) and ACR di Reggiani Albertino S.p.A. (ACR), part of the Herambiente Group, charged with implementing an integrated and efficient waste management system at Fincantieri’s shipyards, starting with the Monfalcone site, identified as the first area for intervention in the implementation of the project. The new company will also be responsible for the operational administration of the plant, the management of waste disposal and the valorisation of residues and recoverable waste. With this partnership, Fincantieri aims to reduce its waste production, maximise waste recovery by applying advanced technologies for industrial waste treatment and valorisation, create sorted waste collections for the reuse of materials in production cycles and optimise logistics and waste handling to increase safety on construction sites. The agreement also represents an important opportunity to create value, both economically and in terms of sustainability. The Hera Group’s extensive experience in industrial waste management and in implementing sustainable solutions, shared with its subsidiaries HASI and ACR, who will be responsible for managing operations, will thus enable Fincantieri to accelerate the achievement of ESG goals in its shipyards. This will involve concrete circular economy initiatives in all areas: from reducing waste production to increasing the amount of solid waste sent for recycling, valorising residues, recovering water and reducing CO2 emissions. For further information Press release Fincantieri Monfalcone_870.png A newco will be born aimed at managing almost 100,000 tonnes per year of industrial waste produced in its shipyards, and creating a new integrated waste management system, intended to reduce waste and enhance recovery with a view to the circular economy Fincantieri Monfalcone_110.jpg

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

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

The Company will take steps to integrate the Board and appoint a new Vice Chairman in accordance with the provisions of current legislation and the Articles of Association, based on the decision to be made by the public shareholders participating in majority list, in accordance with the provisions of the current Public Shareholders agreement to which they adhere. Also note that Mr. Giacobazzi held the positions of Vice Chairman of the Executive Committee, Chairman of the Control and Risks Committee (which also corresponds to the Committee for Transactions with Related Parties) and Chairman of the Remuneration Committee. img_primo_piano_top_employer.png We hereby inform you that on March 3, 2024, the Vice Chaiman of the Board of Directors, Mr. Gabriele Giacobazzi, passed away. giacobazzi_110.jpg

With Panasonic Industry Europe, the operating company of the Japanese multinational world leader in the production of electronic products and components, we renew the long-standing collaboration with the signing of a commercial agreement aimed at expanding the diffusion of the innovative NexMeter meter in the Italian gas distribution market. There are several utilities that have already demonstrated their interest in our device and further future prospects for partnerships with European operators cannot be ruled out. The collaboration with Panasonic dates back to 2019, when we launched our smart gas meter 4.0, equipped with advanced safety and leakage reduction functions, which subsequently evolved over time: since 2021 it has been made with recycled plastic components and has obtained the compatibility "stamp" for green gas mixtures such as hydrogen and biomethane. NexMeter has now been a consolidated reality for several years and has already made it possible to provide an important technical contribution within our activities. Its anti-seismic vocation has now led to over 250 thousand meters already installed mainly in Friuli-Venezia Giulia and Emilia-Romagna, areas classified as high seismic risk, and the additional functions of NexMeter in leak detection have also made it possible to intervene successfully in potentially critical situations, avoiding even serious risks to people and things. Furthermore, we have already activated the first Italian trial of introducing a mixture of methane and hydrogen into the city's gas distribution network two years ago in the province of Modena. Today the collaboration with Panasonic is further consolidated to make this innovative device available to all operators in the sector, which represents an excellent ally for decarbonisation. Starting from our know-how and consolidated experience in the field, Panasonic's technological excellence will, in fact, enrich the NexMeter device with further functions and will make available to all Italian operators a meter that exceeds national standards, with additional performances aimed not only at improving the safety and sustainability of the service, to the benefit of the end consumer, but also at making gas distribution more efficient and reducing costs, for the benefit of the distributors themselves. For further information Find out NexMeter img_primo piano - panasonic.png The Japanese electronics leader collaborates with the multi-utility to distribute the NexMeter 4.0 gas meter, with advanced features in the field of measurement GH-Panasonic_110.jpg

Today, the Hera Group, through its subsidiary Hera Comm, was definitively awarded 7 lots (the maximum number allowed, out of the 26 into which the country is divided) in the national tender called by the Single Purchaser for the Gradual Protection Service for non-vulnerable household customers. This achievement will lead to the acquisition of more than 1 million new electricity customers, spread over 37 provinces of Italy, who will become part of the Group’s portfolio as of 1 July 2024. It also marks a significant step towards the target set out in the Business Plan to 2027. More specifically, Hera will strengthen its presence in several regions: Emilia-Romagna, Veneto, Friuli Venezia Giulia, Marche, Tuscany, Abruzzo, Lazio, Umbria, Liguria, Piedmont, Lombardy and Campania. The result of considerable experience in the sector and significant industrial synergies The Hera Group won 7 lots in the Gradual Protection Service by leveraging the experience previously gained in managing these services and its substantial industrial synergies. The new customers in the Gradual Protection Service will be able to rely on the Hera Group’s consolidated expertise in offering cutting-edge solutions in the energy sector and numerous contact channels, starting from over 200 customer helpdesks located throughout the country, which represent a point of reference to which they can turn for any request, concerning both supplies (gas and electricity) and value-added services (energy saving, sustainable mobility, solutions for businesses). For Hera, focussing on customer and local roots is fundamental: relations with local communities are, in fact, one of the company’s strengths. For further information Press release primo_piano_Gruppo Hera sede di Bologna.png With the 7 lots awarded in the tender for the Gradual Protection Service for non-vulnerable household customers, the Hera Group consolidates its position as the sector’s third largest operator in Italy Gruppo Hera sede di Bologna_110.jpg

The Hera Group has further strengthened its Italian leadership in the waste management sector, particularly in industrial waste treatment, thanks to the binding agreement signed today by its subsidiary, Herambiente Servizi Industriali, concerning the acquisition of 70% of TRS Ecology based in Piacenza, Emilia Romagna region. TRS Ecology has thus transferred to Herambiente its corporate branch responsible for the multifunctional waste treatment platform located in Caorso in Piacenza. With this new facility, when fully operational, Herambiente will process over 64,000 additional tons of industrial waste annually, contributing with approximately 6 million euro to the Hera Group’s consolidated Ebitda, in addition to synergies expected from the integration. The acquisition of TRS Ecology, which employs over 70 workers and serves approximately 2,700 clients, will allow Hera to expand its presence in the Northwestern Italy and create important synergies with its existing industrial hubs in Pisa, Ravenna and Vicenza provinces. The current ownership, represented by the company’s Sole Director Claudio Dodici, will remain within the new corporate structure, retaining a significant operational role. The details of the partnership The TRS facility in Caorso is authorized to treat more than 100,000 tons of waste annually and is organized into four process lines: solid and liquid waste storage; solid and liquid waste reconditioning, sorting, screening and recovery; solid waste volumetric reduction and grinding; solid and liquid waste mixing. In addition to its treatment activities, TRS Ecology can engage in storage, aimed at managing waste from environmental remediation. The Caorso facility currently processes approximately 50,000 tons of waste each year, and with the investments planned by Herambiente, it will be able to increase and streamline its activities, respecting the Group’s circular economy objectives. For further information Press release img_Primo_piano_TSR.png With the acquisition of 70% of the Piacenza-based company, the Group reinforces its leadership in the waste management sector HA - TRS_110.jpg

Business Plan to 2027, operating and financial highlights 2027 Ebitda: 1.650 billion euro (+27% compared to 2022) Five-year investments at 4.4 billion euro Increased return on net invested capital, from 7.9% to 9.5% in 2027 Net debt/Ebitda below 3x over the period covered by the Plan: 2.7x in 2027 7% average annual increase in Earnings per Share Dividends to rise by 28% (up to 16 €cents per share in 2027) Average annual Total Shareholder Return (TSR) at 12%. Business highlights: sustainable growth 2.5 billion euro in investments aligned with the European Taxonomy for Sustainable Investments (98% of eligible investments) Shared-value investments coming to over 70% during the entire five-year plan Increase in shared-value Ebitda, up to over 55% in 2027, reaching 64% of total Ebitda Commitment to reduce total CO2 emissions by 29% within 2027 and by 37% within 2030 confirmed 30% of the investment plan goes towards digitisation and infrastructure innovation 40% of the investment plan contributes to increasing the climate-change resilience of the Group’s infrastructures 10 billion euro distributed over the five-year period 2023-2027 to stakeholders in the areas served by the Group Highlights from 2023 preliminary results Ebitda expected to rise over 1,480 million euro (+14%) Net debt/Ebitda ratio expected to settle below 2.6x (from 3.3x in 2022) Dividend expected at 14 euro cents (+12% over 2022), higher than forecast by the Plan The Hera Group’s Board of Directors, chaired by Cristian Fabbri, reviewed the preliminary results for 2023 and approved the Business Plan to 2027. Growth in all main key operating and financial indicators, from Ebitda to ROI, earnings per share and dividends, accompanies a focus on financial balance, with net debt/Ebitda ratio stably below 3x. The significant investment plan allocated for the 2023-2027 five-year period will support numerous projects and accelerate activities geared towards strengthening resilience and generating shared value and sustainable development. Hera thus confirms itself as a solid point of reference in its reference markets responding to the challenges of the external context and enabling the ecological, energy and digital transition, the circular economy and resource protection. Cristian Fabbri, Executive Chairman of the Hera Group: “4.4 billion in investments aimed at industrial development, sustainable growth and resilience underpin our projections of the Ebitda coming to 1.65 billion euro in 2027, up 28% compared to 2022, along with a dividend increase of 5% CAGR. 40% of capex plan will contribute to making our infrastructures even more resilient. A 29% reduction in carbon emissions and our commitment to resource regeneration are concrete examples of our contribution to the ecological transition, and the Ebitda generated by activities that also meet the targets set out in the UN Agenda will rise to 64%. Furthermore, over the five years covered by the Plan we will distribute 10 billion euro to the stakeholders. This Plan fully responds to our Group’s purpose: to generate sustainable value by promoting a ‘just’ transition. The record growth in Ebitda seen in 2023, which we expect to come to over 1.48 billion euro, and the considerable decrease in debt, with the net debt/Ebitda ratio expected below 2.6x, are promising indications and fundamental building blocks of this Business Plan. They are matched by the provisional awarding of more than one million customers in the Italian electricity market liberalization process, allowing us to more rapidly reach 4.3 million energy customers and to consolidate our position as Italy’s third largest operator in this sector.” Orazio Iacono, CEO of the Hera Group: “With Ebitda expected to reach almost 1.5 billion euro in 2023, and financial leverage strongly improving to less than 2.6x, we will meet and exceed the targets set out in the previous Business Plan to 2026 three years ahead of schedule. These results prove the validity of our Group’s strategic vision in seizing market opportunities and our commitment towards sustainable growth in the areas served. This commitment has been confirmed once again by our new Business Plan, with shared-value Ebitda expected to exceed 1 billion euro in 2027, showing a 55% increase in absolute terms over 2022-2027, higher than the growth rate of overall Ebitda, testifying to the growing importance of initiatives that not only generate margins for our company, but are also in line with the objectives found in the UN Agenda. More than 70% of the investments made over the time covered by the Plan will indeed be allocated to sustainability projects that benefit all our stakeholders. Regarding our various businesses, the next five years will see an important contribution to growth in the Group’s results coming from all activities, in particular the waste management sector, thanks to our strategy that leverages a portfolio of global waste services that will further strengthen our leadership in this market, and the networks sector, which will see a significant investment plan, accompanying the areas served towards the green transition.” Business Plan to 2027 The strategic objective underlying the Hera Group’s new Business Plan is to create value benefitting all stakeholders, thanks to financial, environmental and social sustainability objectives, along with a business model and an industrial structure that are resilient to the negative effects of climate change and external market crises. Creating value: 2027 Ebitda up to 1.650 billion and dividend up to 16 €cents (+28%) The projects planned will bring overall Ebitda to more than 1,650 million euro in 2027, with a 355 million euro improvement compared to the 2022 result. Taking into account a number of business opportunities that will no longer be present during the time covered by the Plan and that contributed with roughly 120 million euro to the 2022 result, the growth will reach 475 million euro with an average annual rate coming to 7%. Sustainable growth to support the ecological transition: shared-value Ebitda at 64% in 2027 and economic contribution to local areas at 10 billion euro The Hera Group has confirmed its focus on the circular economy and decarbonisation, in order to encourage and support the ecological transition of the areas served with initiatives aimed at citizens, public administrations and industrial customers, offering its extensive set of plants and the know-how it has accumulated in various business sectors. The initiatives set out in the Business Plan to 2027 make it possible to project a path that is perfectly consistent with achieving the industrial objectives to 2030 in terms of circular economy and decarbonisation. As regards the circular economy, for example, the route to be followed confirms 2030 targets such as an increase in recycled plastics (+150% compared to 2017) and the reuse of wastewater (reaching 18% of total wastewater by 2030). Balanced growth in the multi-business portfolio and increased resilience The Business Plan expects growth to be equally distributed among the three main lines of business (networks, energy and waste management), maintaining their current balance. Continuity is also expected in the Group’s development model, which has ensured a high degree of resilience in results within all scenarios witnessed over the last twenty years, allowing for uninterrupted growth in both sustainability targets and operating-financial and service performances. Total investments at 4.4 billion euro, with additional projects funded by 400 million in grants coming from the NRRP and other institutions The investment plan amounts to 4.4 billion euro, 48% of which will go to development initiatives and M&As. 55% of investments will be earmarked for regulated businesses, while the remaining 45% will support growth in free-market businesses. The over 870 million euro invested each year on average will accelerate the Group’s commitment to the ecological transition (with roughly 60% of the entire investment plan going to decarbonisation and the circular economy) and to generate sustainable development in the areas served. In this sense, more than 70% of the investment plan will be allocated to initiatives capable of creating shared-value Ebitda. In light of the introduction of the new aspects related to the European Taxonomy, the Group estimates that operational investments coming to 2.5 billion euro (or 98% of eligible investments) will be aligned with the requirements of the European framework, and will therefore be able to gain full access to subsidised sustainable finance instruments, with benefits in terms of financial costs as well. For further information Press release Investors web area Hera Overview img_banner_piano_industriale_2027_primo_piano_eng.png Development, resilience and creating shared value for stakeholders are at the heart of the Group’s new strategic document, which foresees investments totalling 4.4 billion to speed up the ecological transition and enhance asset resilience to climate change 110x150_Business_Plan_2023-2027_EN.jpg

We are certified Top Employer for the 15th year in a row, ranking among the top three Italian companies, standing out for employment policies. Awarded by the Dutch Top Employers Institute, a global certifying body for HR excellence, this is among the most prestigious international recognitions for companies meeting high standards in human resources management. The certification is granted after a meticulous and increasingly selective annual analysis, focusing on specific parameters such as remuneration policies, working conditions, career opportunities, corporate culture, training and people development. Well-being of individuals, training, professional growth, and enhancement of individual skills with a focus on people and their talents: these are the key assets that have earned us the recognition. The role of HerAcademy, our corporate university founded in 2011 and the first of its kind in Italy in the multiutility sector, has proved vital. Through competence development, the academy guides individuals and the organization in addressing changes in view of the ongoing energy, environmental, digital, and technological transition. An example is the training center in Ferrara. This multifunctional facility - among the first in the country - is equipped with innovative tools and provides hands-on learning for safe operations on water, gas, and electric networks. A real training ground that offers an ideal space for experimenting and developing specific technical skills. On the welfare front, involving 99% of the company's population, we invest over 6 million euros annually. Each worker can allocate his per capita shares for health benefits, insurance, social security, personal services, well-being and income support. The plan is highly flexible, as workers may even convert part of their performance bonuses into services. It is an inclusive plan that leaves no one behind and makes no distinction between contractual levels. For further information Press release img_primo_piano_top_employer (1).png Once again in 2024, we confirm our position among the best performers in human resources management, thanks to substantial investments in welfare, training, and skill development Heracademy_110.jpg

for the fourth year in a row, we were included in the Dow Jones Sustainability Index, in both the global and European indices. The composition of the DJSI, the authoritative international stock market index, includes the best performing listed companies in the Environmental, Social and Governance & Economics dimensions. We achieved the highest score in the Environmental and Social areas among the companies in the Multi-Utility & Water sector included in the indices. This inclusion provides further recognition of the company’s achievements in creating shared value benefitting all stakeholders in line with our purpose. For further information Press release Visit Sustainability web area primo_piano_GH_sede-centrale.png Once again recognizing decades-long strategy for long-term value creation for shareholders and for all stakeholders new_sede_hera_110.jpg

The Hera Group, acting through its subsidiary Hera Comm, and Ascopiave signed a deed of transfer from the latter of a 15% shareholding in EstEnergy, for a counter value of 137.5 million euro. EstEnergy is the commercial joint venture established in 2019 that with over one million customers is North-Eastern Italy’s largest energy operator. As a result of today’s transaction, the Hera Group’s holding in EstEnergy rises to 75%, while Ascopiave’s falls to 25% of the share capital. The right to sell this shareholding remains unchanged, at the previously defined conditions, and the current governance rights are maintained. This transaction will allow the Ascopiave Group to improve the sustainability of its asset structure, consistently with the goals in its strategic plan, contributing to the financial coverage of medium-term investments in core and diversification activities. For further information Press relase sede-hera_870.png Following Ascopiave’s partial exercise of the put option, the Hera Group, through its subsidiary Hera Comm, now holds 75% of EstEnergy, the largest energy operator in North-Eastern Italy new_sede_hera_110.jpg

Financial highlights Ebitda* at 1,006.8 million euro (+15.1%) Net profit attributable to shareholders* at 235.5 million euro (+10.0%) Net investments and corporate acquisitions at 593 million euro (+18.7%) Net financial debt and net debt/Ebitda* ratio show considerable improvement, coming to 4,148.9 million euro and 2.91x respectively ROI also improves, rising to 9% Operating highlights Significant contribution to growth coming from the energy sectors and the waste management area Ongoing growth in the energy customer base, now at 3.8 million, up 8.9% over 12 months Further initiatives for the green transition and increased investments in innovation, reinforcing the resilience of the assets managed Today, the Board of Directors of the Hera Group, chaired by Cristian Fabbri, unanimously approved the consolidated results at 30 September 2023. The first nine months of the year saw rising investments and record results compared to previous years, showing remarkable resilience when faced with extreme weather events in the area served and a global context that remains uncertain and continues to show widespread increases in inflation and in the cost of money. In particular, the significant investments reflect the Group’s commitment to boosting the resilience of the assets managed and its ongoing focus on projects designed to accelerate the green transition, fully respecting its corporate purpose. Cristian Fabbri, Executive Chairman of the Hera Group: “This period’s results show a relevant creation of value for all stakeholders. In the first nine months we reached over 1 billion of Ebitda, which shows a double-digit growth of 15%. We furthermore increased capex and investments by 19% and achieved a 9% return on invested capital, while continuing to reduce financial debt. All of our businesses contributed to this growth, more than 80% underpinned by Energy supply business due to a 9% increase in customer base, which reached 3.8 million, and further expansion of decarbonisation services. Another significant factor was the contribution coming from last resort markets, which we consolidated in September by winning 17 of the 18 available gas lots. Internal growth and the 5 corporate transactions carried out during these nine months were driven by innovation, resilience, decarbonisation and the circular economy. All of this contributed to an increase in shared-value Ebitda, now over 54% of total Ebitda, which continues to generate incremental benefits for all areas served. We are rapidly following the path for development set out in the business plan, by keeping our business portfolio balanced and seizing opportunities for creating value that allow us to accelerate its implementation.” Orazio Iacono, CEO of the Hera Group: “The effectiveness of our management decisions and our solid multi-business industrial strategy enabled us to achieve positive economic and financial results and, in particular, to further strengthen our leadership in the waste management sector, posting a raising Ebitda and on the back of larger volumes of waste treatments. In a partnership with ACR, which recently joined the Group, we won important concessions in the private oil&gas sector and are participating in tenders to access PNRR funds to reclaim public sites. Thanks to our positive cashflow and strong financial position, we achieved a net debt/Ebitda ratio coming to 2.91x, similar to the one seen before the sharp rise in energy prices. This financial soundness gives us all the flexibility we need to take advantage of new opportunities for development in our target markets. Finally, we are particularly proud of the recognition we received from Arera for the technical quality of our services, particularly in the water business, where we achieved the best performance nationwide.” Revenues at approximately 11 billion At 30 September 2023, revenues amounted to 10,955.0 million euro, slightly down from 14,320.1 million euro at the same date in 2022, mainly due to the decrease of energy commodity prices and lower volumes of gas sold on account of the mild weather in the first half of the year. An increase was seen, instead, in revenues thanks to the higher volumes of electricity sold, commercial development actions, Consip tenders, the safeguarded tenders awarded in electricity, “gradual protection service” lots awarded, higher revenues from “energy efficiency services” linked to incentives in residential buildings and increased activities in value-added services for customers, as well as revenues from the waste treatment business and, above all, to the M&A activity. Ebitda* up sharply to 1,006.8 million Ebitda* for the first nine months of 2023 rose to 1,006.8 million euro (+15.1%), as against 874.8 million euro at 30 September 2022. Of this increase, the contribution coming from the energy areas amounted to 111.8 million euro and the good performance of the waste management area accounted for 11.8 million euro, while 3.5 million euro came from the integrated water cycle and 4.8 million euro from the other services area. Net operating result* rises to 504.6 million euro The net operating result* for the nine months ended 30 September 2023 rose to 504.6 million euro, up 15.5% from 437.0 million euro in the first nine months of 2022, at same growth path signed by Ebitda. Net profit post minorities* up by 10% In September 2023, net profit* rose to 267.1 million euro (+7.5%), up from 248.4 million euro in the same period of 2022, and the tax rate improved to 26.8%. Net profit post minorities* rose to 235.5 million euro, up 10% from 214.1 million euro at 30 September 2022. Strong increase in capital expenditure and M&A In the first nine months of 2023, the Hera Group made net investments including M&A coming to 593.0 million euro (+18.7% compared to the same period in 2022). Operating investments, including capital grants, amounted to 514.0 million euro, up 50.7 million euro year-on-year (+10.9%), and mainly for the development of plants, networks and infrastructures including the large-scale meter replacement in gas distribution and on the purification and sewerage infrastructures. Income statement (mn€) Sep 23 % inc. Sep 22 % inc. Abs. change % change Revenues 10,955.0 0.0% 14,320.1 0.0% (3,365.1) (23.5)% Other operating revenues 441.4 4.0% 345.3 2.4% 96.1 27.8% Raw and other materials (7,480.9) (68.3)% (11,642.5) (81.3)% (4,161.6) (35.7)% Service costs (2,421.9) (22.1)% (1,693.9) (11.8)% 728.0 43.0% Other operating expenses (58.2) (0.5)% (56.6) (0.4)% 1.6 2.8% Personnel costs (477.6) (4.4)% (449.8) (3.1)% 27.8 6.2% Capitalised costs 49.0 0.4% 52.2 0.4% (3.2) +(6.1)% Ebitda * 1,006.8 9.2% 874.8 6.1% +132.0 +15.1% Amortization, depreciation and provisions (502.2) (4.6)% (437.8) (3.1)% 64.4 14.7% Ebit * 504.6 4.6% 437.0 3.1% 67.6 15.5% Financial operations (139.7) (1.3)% (89.5) (0.6)% 50.2 56.1% Pre-tax result * 364.9 3.3% 347.5 2.4% 17.4 5.0% Taxes (97.8) (0.9)% (99.1) (0.7)% (1.3) (1.3)% Net result * 267.1 2.4% 248.4 1.7% 18.7 7.5% Attributable to: Shareholders of the Parent Company * 235.5 2.2% 214.1 1.5% 21.4 10.0% Minority shareholders 31.6 0.3% 34.3 0.2% (2.7) (7.9)% Invested capital and sources of financing (mn€) sep-23 Inc.% Dec-22 Inc.% Abs. change % change Net non-current assets* 7,887.8 +102.1% 7,522.3 +94.5% 365.5 +4.9% Net working capital* 517.1 +6.7% 1,096.0 +6.7% (578.9) (52.8)% (Provisions) (677.8) (8.8)% (657.6) (8.3)% (20.2) (3.1)% Net invested capital* 7,727.1 100.0% 7,960.7 100.0% (233.6) (2.9)% Equity* (3,578.2) +46.3% (3,710.9) +46.6% 132.7 +3.6% Long-term borrowings (4,492.1) +58.1% (5,598.5) +70.3% 1,106.4 +19.8% Net current financial debt 343.2 (4.4)% 1,348.7 (16.9)% (1,005.5) (74.6)% Net debt (4,148.9) +53.7% (4,249.8) +53.4% 100.9 +2.4% Total sources of financing* (7,727.1) (100.0)% (7,960.7) +100.0% 233.6 +2.9% * Adjusted results For further information Press release Investors web area img_primo_piano_9m23_en.png The first nine months of the year ended with strong growth in all economic and financial indicators, confirming the Group’s solidity and the effectiveness of its multi-business strategy 110x150_risultati_9M_23.jpg

From 7 to 10 November 2023, “Ecomondo” (the European fair that acts as a reference point on ecological transition, technological and industrial innovation of environmental services and green economy, particularly waste and resources, circular bio-economy, and water) is at the Fiera di Rimini. We are there again this year, in Hall C1 at Stand 500, with a two-storey exhibition space covering 550 square metres: the entire Hera Group is present with Hera S.p.A., Herambiente, Aliplast, Hera Comm, HERAtech and Hera Luce. During the fair, the business offers of the Group's trading companies are also presented. As every year, the stand is decorated with works of art made from recycled materials by SCART, the Hera Group project devoted to the artistic regeneration of industrial waste, in full compliance with the circular economy. Once again this year, SCART presents a new project in collaboration with the Fine Arts Academies of Florence, Ravenna and Rimini and the young people from the San Patrignano rehab centre. These are 30 new works made up of waste from sports activities. Even outside the expo, it is possible to admire a Formula 1 car created with the waste collected by the Group following the floods of May 2023. For further information Visit the Ecomondo website null null null null null null null null null null null null null null null null null null null null null null null null null Ecomondo_2023_1.jpg Ecomondo_2023_2.jpg Ecomondo_2023_3.jpg Ecomondo_2023_4.jpg Ecomondo_2023_5.jpg Ecomondo_2023_6.jpg Ecomondo_2023_7.jpg Ecomondo_2023_8.jpg Ecomondo_2023_9.jpg Ecomondo_2023_10.jpg Ecomondo_2023_11.jpg Ecomondo_2023_12.jpg Ecomondo_2023_13.jpg Ecomondo_2023_14.jpg Ecomondo_2023_15.jpg Ecomondo_2023_16.jpg Ecomondo_2023_17.jpg Ecomondo_2023_18.jpg Ecomondo_2023_19.jpg Ecomondo_2023_20.jpg Ecomondo_2023_21.jpg Ecomondo_2023_22.jpg Ecomondo_2023_23.jpg Ecomondo_2023_24.jpg Ecomondo_2023_25.jpg null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null null ecomondo_2023_870x320.png 110x150_Ecomondo_2023.jpg

Financial highlights Ebitda at 718.3 million euro (+13.8%) Net profit attributable to shareholders at 187.7 million euro (+2.4%) Overall investments rise to 403.4 million euro (+22.4%) Net debt at 4,145.7 million euro, down by 104.1 million euro compared to the 31/12/22 figure, with net debt/Ebitda ratio at 3x Business highlights Significant contribution to growth from the energy sectors, the waste management area and the water business Ongoing growth in the energy customer base, which rose to over 3.7 million, up 7.9% in 12 months Further development of initiatives for the energy transition and the circular economy, thanks to state-of-the-art plants and increasingly green services The Board of Directors of the Hera Group, chaired by Cristian Fabbri, unanimously approved the consolidated results for the first half of 2023. The first half of the year ended with operating results and investments up compared to the previous year, although in the first months of 2023 some of the served areas were affected by extreme weather phenomena and the uncertain global context continues to generate volatility in commodity prices, a generalised rise in inflation and an increase in the interest rates. The consolidated half-year report at 30 June, indeed, shows positive operating and financial performances, demonstrating once again the Group’s financial solidity and strength of its business model, balanced between internal and external growth and between regulated and free market activities. Cristian Fabbri, Executive Chairman of the Hera Group: “The first half of 2023 closed with substantial growth in results, with Ebitda reaching 718.3 million euro, up 13.8%, mainly due to the overall contribution coming from the energy area, which also saw an increase in services for decarbonisation, while growth in the waste management area confirms our commitment to the circular economy. The results for this half-year see us moving rapidly towards achieving the goals set out in our Business Plan and are the fruit of our consolidated multi-business strategy, which has always been geared towards combining corporate growth with the sustainable development of the local ecosystem. This is additionally confirmed by the 22% rise in investments, both for developing the Group’s industrial assets and for M&As that focus on growth towards the ecological transition, innovation and resilience. Our business model is capable of continuously innovating while maintaining strong local roots, and has allowed us to once again respect the commitments made to our shareholders, to whom a dividend up by 4.2% was paid last month, consistent with what was announced during the presentation of the Business Plan to 2026.” Orazio Iacono, CEO of the Hera Group: “The consolidated half-year financial report at 30 June shows significant growth in Ebitda, with a contribution coming from all business areas, in particular the energy sector with 239 million euro (+30%) and the waste management area with 162.9 million euro (+8%), and increased investments and M&A transactions, amounting to over 400 million euro. All of this was made possible by a significant cash generation and a solid financial position. The financial structure was further reinforced during the first half of the year by sustainable sources of financing on favourable terms, including the issue of a sustainability-linked bond, a new revolving credit line and a recent EIB loan. These initiatives allowed us to maintain our net debt/Ebitda ratio at roughly 3x, in line with the previous half-year and the targets defined.” Revenues at 8.3 billion In the first half of 2023, revenues amounted to 8,297.5 million euro, as against 8,896.0 million euro at 30 June 2022, mainly due to the drop in energy commodity prices and lower volumes of gas sold, as a result of the mild weather in the first half of the year. Revenues related to the higher volumes of electricity sold, instead, were up, thanks to commercial development actions, Consip tenders and the lots awarded in the protected and gradual protection services, as well as higher revenues from energy services, in which opportunities related to energy efficiency incentives in residential buildings and increased activities in value-added services for customers remained. A positive contribution also came from revenues in the waste management sector, due to increased treatment activities and acquisitions in the industry market. Ebitda rises to 718.3 million euro Ebitda for the first half of 2023 rose to 718.3 million euro (+13.8%), compared to 631.2 million euro at 30 June 2022. This increase is mainly due to the overall contribution coming from the energy areas, amounting to 68.1 million euro, and the positive performance of the waste management area, up by 12.2 million euro. Net operating result grows The net operating result at 30 June 2023 rose to 374.7 million euro, up 11.9% compared to the 334.9 million euro seen one year earlier. This performance remained positive even after higher depreciation and amortisation, due to the significant increase in investments, and conservative provisions for bad debts, due to the increased turnover in last resort markets. Financial charges increased, mainly due to the medium- and long-term credit lines stipulated in 2022 and the significant change in the interest rate scenario, which saw a significant increase in the cost of money. Net profit attributable to shareholders up to 187.7 million euro Net profit rose to 208.0 million euro (+3.1%), compared to 201.7 million euro in the first half of 2022, with a tax rate coming to 26.8%. Net profit attributable to Group shareholders* totalled 187.7 million euro, up (+2.4%) from 183.3 million euro at 30 June 2022. Strong growth in operating investments and Group solidity reinforced In the first half of 2023, the Hera Group made investments and corporate acquisitions totalling 403.4 million euro (+22.4% compared to the same period in 2022). Operating investments, including capital grants, amounted to 318.4 million euro, up by 31.3 million euro compared to the previous year (+10.9%), and were mainly related to the development of plants, networks and infrastructures. In addition, regulatory upgrading mainly concerned gas distribution, with a large-scale meter replacement, and the purification and sewerage area. Income statement (mn€) Jun-23 % inc. Jun-22 % inc. Abs. change % change Revenues 8.297,5 8.896,03 -598,5 -6,7% Other operating revenues 299,3 3,6% 219,4 2,5% +79,9 +36,4% Raw and other materials (5.961,0) -71,8% (7.062,2) -79,4% -1.101,2 -15,6% Service costs (1.576,2) -19,0% (1.105,2) -12,4% +471,0 +42,6% Other operating expenses (41,5) -0,5% (39,3) -0,4% +2,2 +5,6% Personnel costs (330,4) -4,0% (308,7) -3,5% +21,7 +7,0% Capitalised costs 30,6 0,4% 31,2 0,4% -0,6 +1,9% Ebitda * 718,3 8,7% 631,2 7,1% +87,1 +13,8% Amortization, depreciation and provisions (343,6) -4,1% (296,3) -3,3% +47,3 +16,0% Ebit * 374,7 4,5% 334,9 3,8% +39,8 +11,9% Financial operations (90,5) -1,1% (50,9) -0,6% +39,6 +77,7% Pre-tax result * 284,2 3,4% 284,0 3,2% +0,2 +0,1% Taxes (76,2) -0,9% (82,3) -0,9% -6,1 -7,4% Net result * 208,0 2,5% 201,7 2,3% +6,3 +3,1% Attributable to: - - + Shareholders of the Parent Company * 187,7 2,3% 193,3 2,1% +4,4 +2,4% Minority shareholders 20,3 0,2% 18,4 0,2% +1,9 +10,3% Invested capital and sources of financing (mn€) 30-giu-23 Inc.% 31-dic-22 Inc.% Var. Ass. Var.% Net non-current assets* 7791,2 100,7% 7522,3 94,5% 268,9 3,6% Net working capital* 612,2 7,9% 1096,0 13,8% (483,8) (44,1)% (Provisions) (668,1) (8,6)% (657,6) (8,3)% (10,5) 1,6% Net invested capital* 7.773,6 100,0% 7960,7 100,0% (225,4) (2,8)% Equity* 3589,6 46,4% 3710,9 46,6% (121,3) (3,3)% Long-term borrowings 5067,5 65,5% 5598,5 70,3% (531,0) (9,5)% Net current financial debt (921,8) (11,9)% (1348,7) (16,9)% 426,9 (31,7)% Net debt 4145,7 53,6% 4249,8 53,4% (104,1) (2,4)% Total sources of financing* 7735,3 100,0% 7960,7 100,0% 225,4 (2,8)% * Adjusted results For further information Press release Investors web area img_1H_primo_piano_eng.png The consolidated half-year report at 30 June shows growth in all main operating-financial indicators, confirming Hera’s financial solidity and once again demonstrating the effectiveness of the choices made by management 110x150_risultati_Q1_23_primo_piano.jpg

The European Investment Bank (EIB) has granted a €460 million loan to Hera Group. The main goals of the financing are to strengthen the resilience of integrated water services, increase the production of renewable energy, foster energy efficiency, decarbonisation and the circular economy, and bolster waste processing and collection, all in order to support Hera Group’s areas of operation on their path to a sustainable environmental transition and help combat climate change. This EU bank loan will finance over 60 Hera Group projects aligned with the EU taxonomy and in line with the objectives of the UN 2030 Agenda, helping the communities served by the Italian multi-utility on their path to a green transition closely connected to local society and industry. The EIB financing will therefore cover almost 60% of the total value of these investments (over €800 million) already planned by the company in its 2022-2026 industrial plan. Operations will mainly take place in Emilia-Romagna, but also in other areas served such as Veneto and Friuli-Venezia Giulia. In concrete terms, the EU bank resources will contribute to improving integrated water services via operations to further cut losses and renew rainwater collection and wastewater treatment facilities. Hera Group will increase its capacity for processing, recycling, and recovering waste by renovating existing collection centres and building new, cutting-edge plants for recycling plastic and carbon fibre and for the pre-treatment and storage of industrial waste. The EIB financing will also enable Hera Group to install over 370 000 second-generation smart meters in the regions concerned, as well as develop district heating and combined heat and power systems and build photovoltaic plants — even small-scale ones — to increase renewable energy production. Almost 40% of the EIB-financed investments will be made in the parts of Emilia-Romagna that were hit the hardest by the recent floods. The financed operations will improve the resilience of water services to future extreme weather events, including via the construction of underground rainwater collection tanks in areas of the Romagna coast subject to high hydrogeological risk. Elsewhere, a number of measures will be taken to make the sewerage network more resilient to flooding. The financing announced today is part of the REPowerEU initiative supported by the EIB, which will invest an additional €30 billion over the next five years to unlock €115 billion, promoting the green transition and gradually reducing Europe's dependence on fossil fuels. For further information Press release primo_piano (1).png The EIB loan will help improve the resilience of the integrated water cycle, energy efficiency and the management of environmental services in the areas served by Hera new_sede_hera_110.jpg

Only two months after the establishment of Horowatt, a NewCo between Hera Group and Orogel that within 2024 will create an innovative and sustainable agrivoltaic plant in the agricultural cooperative’s Cesena facilities, Hera’s programme for developing cutting-edge integrated solutions in the field of clean energy is making rapid progress. Hera Group finalised the acquisition of Tiepolo Srl, owned by Combigas and Greenfield Renewables (each one holding 50% of the shares), which has developed a project for constructing a solar park in Bondeno (Ferrara) capable of meeting the needs of over 5,000 households. The plant, which will have a capacity of 8.9 megawatts and will generate approximately 13 GWh/year when fully operational, is one of the Hera Group’s numerous projects aimed at producing renewable energy and already included in the Business Plan to 2026, to support citizens, businesses and public administrations in the decarbonisation and electrification of their consumption. In order to make a significant contribution to reducing climate-changing gas emissions in all localities served and accompany them towards carbon neutrality, the Group has not only allocated significant investments for the energy transition in its Business Plan but has also set up a new business unit entirely dedicated to renewable energy production and energy management. For further information Press release acquisizionetiepolo_870.png This transaction represents a major new commitment made by the Group to promote the energy transition and decarbonisation in the areas it serves sede-hera-110.jpg

Acting through our subsidiary Hera Comm, we finalised the acquisition of 60% of Fratelli Franchini. Based in Rimini, this company has a consolidated experience in the area of designing, installing and providing maintenance of all types of technological systems for companies, public administrations and hospitality facilities. It has been active for over 17 years in producing high-yield renewable energy sources for public and private industrial customers throughout Italy. The remaining 40% of the company stays in the hands of Franchini Group Srl, owned by brothers Pierpaolo and Marco Franchini, who retain the position of CEOs. This partnership with a long-standing operator, active both locally and nationally, will enable us to acquire new technical skills, particularly in the photovoltaic market, expand its portfolio of solutions for business customers, and respond to the growing demand for systems based on renewable sources, further strengthening its position in the Italian energy market. The details of the partnership Fratelli Franchini boasts over half a century of activity in the system engineering sector: since 1959 it has been building technological systems and since 2006 it has also been working in the renewable energy sector, developing projects for business clients in the hotel, port, hospital, industrial, retail and museum sectors. This company is the partner of choice for clients in the industrial sector, both public and private, to whom it is able to offer integrated solutions in all phases necessary for installing and maintaining of electrical, mechanical, large-scale photovoltaic and energy efficiency systems. It has installed more than 300 systems over the years. This operation boosts our ability to support our customers along the path to decarbonisation, including through the installation of photovoltaic generation systems, from traditional photovoltaic panel systems to new distributed power generation models such as Renewable Energy Communities. For further information Press release Partnership Hera-Franchini_870.JPG We acquired 60% of the long-standing Rimini-based company, a reference point for technological systems and renewable energy throughout Italy Partnership Hera-Franchini_110.jpg

Among Italy’s top companies for the last three years, we rank second in 2023 thanks to our full and deliberate integration of sustainability policies into its business strategies and governance structure. This has been confirmed by the Integrated Governance Index, the main quantitative index measuring the integration of ESG factors in the governance of the top 100 Italian listed companies, managed by ETicaNews. Local roots and focus on ESG objectives are one of our hallmarks, showing that we have always been committed to giving full value to people, thus generating a tangible impact and helping the communities served move towards a more equitable future in environmental, economic and social terms. The Group’s sustainable growth is, in fact, the result of a business model that always considers the generation of value as the cornerstone of our relations with all stakeholders, from the local ecosystem and future generations to customers, shareholders, workers and suppliers. Sustainability at the heart of our strategies Ever since the Group was founded, the full and deliberate integration of sustainability in our business strategies has been one of the key elements enabling us to meet all its challenges, because for Hera growth and sustainable development necessarily go hand in hand. This path has been built over time, starting from the Group’s corporate culture: in 2016 we were among the first companies to report shared-value Ebitda, which was later explicitly included in the Business plan and in the management incentive system. This commitment is also shown by the launch, in April 2023, of the second Sustainability-Linked Bond and the activation of a new credit line, the Sustainability-Linked Revolving Credit Facility, thanks to which we will allocate more than 1 billion in financing for projects moving towards the green transition. For further information Press release primo_piano_IGI_2023_870.png We achieve second place in the overall ranking published by the index measuring the degree to which ESG factors are integrated within the governance of Italy’s top 100 listed companies centrata IGI_2023_110.jpg

Financial highlights Revenues at 5,628.9 million euro (+6.0%) Ebitda* at 410.2 million euro (+9.4%) Net profit attributable to shareholders* at 128.2 million euro (+0.7%) Net debt at 3,777.6 million euro, down 11% compared to 31 December 2022, with net debt/Ebitda* at 2.84x Business highlights Good contribution to growth coming from all main businesses, the energy and environment sectors in particular Further development of initiatives for the ecological transition and the circular economy through state-of-the-art plants and increasingly green services Ongoing growth in the energy customer base, reaching almost 3.6 million Today, the Board of Directors of the Hera Group, chaired by Cristian Fabbri, unanimously approved the consolidated results for the first quarter of 2023. For the Hera Group, the first quarter closed with improved operating results and investments compared to one year earlier, even though the scenario still shows a considerable amount of uncertainty, with effects on the commodity prices and a slowdown in production and international trade. Both internal and external growth drivers in Hera’s multi-business portfolio enabled it to achieve an excellent operating and financial performance while pursuing the creation of value for all stakeholders. Cristian Fabbri, Hera Group Executive Chairman: “The first quarter of 2023 closed with increased operating results, supported by the positive performance of the free-market energy and waste management businesses. We have thus confirmed our ability to gain new market shares, to provide services that are favoured by customers, and effectively leverage upon our competitive advantages in all our activities. The significant positive cash flow over the first quarter allowed us to reduce our debt and significantly improve the net debt/Ebitda ratio, which now stands at 2.84x.” Orazio Iacono, Hera Group CEO: “The positive operating cash flow of Q1 was able to fully cover a significant increase both in capital expenditures and investments which mainly concerned strengthening the infrastructures and plants managed, to the benefit of the quality of services provided to the customers as well as the resilience of our infrastructures and plants. We also strengthened and optimised our debt structure, thanks to the recent issue of a sustainability-linked bond worth 600 million euro and the simultaneous subscription of a 450 million euro sustainable revolving credit line. These are two additional milestones in sustainable finance and will lead us to allocate more than 1 billion euro in financing to green transition projects, to achieve the goals on the 2030 Agenda with concrete initiatives and respond to the challenges of a sustainable transition rooted in the social and industrial fabric. This operation, particularly appreciated by the market, guarantees additional financial flexibility.” Revenues amounting to over 5.6 billion In the first quarter of 2023, revenues amounted to 5,628.9 million euro, up 6% from the 5,312.0 million euro seen in the same period of 2022. The energy segments above all contributed to this result – mainly due to the higher volumes of electricity sold as a result of reinforced commercial initiatives and the safeguarded lots awarded last autumn – and the waste management area, partially due to acquisitions in the remediation and industrial waste treatment market. Ebitda* rises to 410.2 million Ebitda at 31 March 2023 rose to 410.2 million euro, +9.4% compared to 375.1 million euro in the first three months of 2022. This positive growth was mainly due to the overall contribution coming from the energy areas and the good performance of the waste management area. Increased net operating result* and stable pre-tax result* Ebit* at 31 March 2023 increased to 236.1 million euro, up 6.7% from 221.2 million euro in the first quarter of 2022. This performance was positive even after higher depreciation and amortisation due to the significant increase in investments and provisions for bad debts resulting from the increase in turnover, including last resort markets. Net profit* rises to 140.3 million euro Thanks to a tax rate coming to 26.8%, down from the previous year, net profit* rose to 140.3 million euro (+1.2%), as against 138.6 million euro in the first quarter of 2022. Net profit attributable to Group shareholders* settled at 128.2 million euro, up +0.7% from 127.3 million euro at 31 March 2022. Sharp increase in operating investments and Group solidity reinforced The Group’s capital expenditures, including capital grants, amounted to 155.7 million euro, up sharply (+20.5%) compared to 129.2 million euro at 31 March 2022, and mainly involved work on plants, networks and infrastructures. Regulatory upgrading, instead, mainly concerned gas distribution, with a large-scale meter replacement, and the purification and sewerage area. For further information Press release Investors web area primo_piano_result_Q1_23_EN.png The consolidated quarterly report at 31 March shows growth in the main operating-financial indicators, once again proving the financial solidity and strength of the Group’s multi-business model 110x150_risultati_Q1_23_primo_piano.jpg

Reporting with clarity and transparency on the results achieved, sharing the challenging objectives on which corporate choices are based with stakeholders and, above all, striving to make people, needs and the enhancement of territories our focus: these criteria once again form the basis underpinning our 2022 Sustainability Report. As in 2021, the document also includes a report on all activities in accordance with the EU taxonomy of environmentally sustainable activities, with particular reference to climate change mitigation and adaptation objectives. In total compliance with Brussels and the primary international policies, the multi-utility thus continues its path towards change, combining climate action and social inclusion, in the belief that no step forward can be sustainable unless it is fully endorsed by everyone. Creating value together with communities: over € 2.3 billion distributed in the serviced territories Our sustainable growth is the result of a business model that continues to enhance people and support the communities it services towards a more just future in environmental, economic and social terms. Compared to 2021, total economic value for stakeholders rose to more than € 3 billion: this includes employees (601.1 million), shareholders (236.3 million), the public administration (151.8 million) and suppliers (approximately 1.4 billion). Over € 2.3 billion of this amount, or 76%, is distributed in the territories serviced, where the multi-utility guarantees service continuity and efficiency, with significant investments to innovate its infrastructure assets, which will be decisive in meeting climate challenges in coming years. Shared-value EBITDA also increased: € 670.6 million (+17%) Among the most significant achievements, the shared-value Gross Operating Margin (EBITDA) - i.e., referring to business activities generating environmental and social benefits in the three areas of carbon neutrality, the circular economy, resilience and innovation - rose to € 670.6 million (+17% compared to 2021) or 52% of total EBITDA, with an improvement across all target parameters. In other words, it means making what has been done even more sustainable and continuing to grow, evolving the business in the right direction. For further information Press release 2022 Sustainability Report Watch the video img_primo_piano_bs_eng.png The 2022 Sustainability Report confirms its commitment to a just transition. Pursuing carbon neutrality, regenerating resources, enabling resilience and innovating remain the main levers for shared value img_110x150BS_eng.jpg

Hera’s Ordinary Shareholders Meeting, chaired by Tomaso Tommasi di Vignano, was held this morning in Bologna to approve the 2022 financial statements and the payment of a dividend rising to 12.5 cents per share, in line with what was previously announced during the presentation of the Business Plan to 2026. 2022 financial statements approved with results showing growth The Assembly approved the 2022 financial statements, which confirmed growth in key operating and financial indicators and in investments. These figures demonstrate, once again, the validity of the management policies implemented by the Group, which, together with its solid and resilient multi-business industrial model, have proved effective in responding to the complex external scenario, enabling it to guarantee continuity and quality of services and to create value for the company and all stakeholders, while pursuing sustainable development. Dividends paid rise to 12.5 cents per share The Shareholders Meeting then approved the Board of Directors’ proposal to distribute a dividend coming to 12.5 cents per share, up 4.2% compared to the last dividend paid. The ex-dividend date was set at 19 June 2023, with payment as of 21 June 2023. The dividend will be paid to shares recorded on 20 June 2023. The dividend paid, based on the Hera share price at 31/12/2022, corresponds to an annual return of 4.94%. Sustainability Report: Shared-value Ebitda up sharply to 670.3 million euro The 2022 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 its attention towards all stakeholders. More specifically, in 2022, shared-value Ebitda, which refers to business activities that also respond to the drivers for sustainable growth and therefore involve operations that help meet the targets on the Global Agenda, rose to 670.3 million euro, up significantly compared to 2021 (+17.5%) and corresponding to 51.8% of overall Ebitda. Board of Directors and the Board of Statutory Auditors renewed The Board of Directors and the Board of Statutory Auditors were renewed for the next three years (their mandate expiring on the date of the Shareholders Meeting held to approve the 2025 financial statements). As an outcome of the vote, the following directors were appointed: majority list (representing Hera’s public shareholders agreement): Cristian Fabbri, Orazio Iacono, Gabriele Giacobazzi, Fabio Bacchilega, Gianni Bessi, Grazia Ghermandi, Alessandro Melcarne, Lorenzo Minganti, Milvia Mingozzi, Marina Monassi and Monica Mondardini minority lists: Francesco Perrini, Paola Gina Maria Schwizer, Alice Vatta, Bruno Tani. The CVs of the new directors can be consulted at: https://eng.gruppohera.it/group_eng/corporate-governance/board-of-directors As regards the Board of Statutory Auditors, the following auditors were appointed: majority list (representing Hera’s public shareholders agreement): Marianna Girolomini, Antonio Gaiani (standing auditors), Susanna Giuriatti (alternate auditor) minority list: Myriam Amato (Chairman), Stefano Gnocchi (alternate auditor). The CVs of the new auditors can be consulted at: https://eng.gruppohera.it/group_eng/corporate-governance/board-of-statutory-auditors Executive Chairman, Vice Chairman and CEO appointed The inaugural meeting of Hera’s Board of Directors, appointed in the morning by the Shareholders Meeting, was held this afternoon in Bologna. The Board appointed the Chairman, Vice Chairman and CEO. Cristian Fabbri, who has been with the company since 2006, was appointed Executive Chairman. Within the Group, he held positions involving increasing responsibilities before becoming Hera’s Central Market Director, CEO of Group subsidiaries Hera Comm and EstEnergy, and a member of the Boards of Directors of other Group companies. Gabriele Giacobazzi was confirmed as (non-executive) Vice-Chairman, the role he has covered since 2020. President of the Association of Engineers, he has been a professor at the Faculty of Engineering of the University of Modena and Reggio Emilia. Orazio Iacono was confirmed as CEO, the position he has held at Hera since May 2022. He previously worked at RFI and later Trenitalia, eventually acting as CEO and General Manager, a position he held until 2020. In 2021 he was Senior Advisor Oaktree Capital Management/PwC Italy and later became Chief Operating Officer Sustainable Infrastructures at Saipem. Lastly, the Board of Directors thanked Tomaso Tommasi di Vignano, whose term of office came to an end after more than 20 years at the helm of the Hera Group, for his fundamental contribution to the company’s growth. “I am honored to have been appointed Executive Chairman of Hera and I thank the Shareholders and the Board of Directors for their trust - declared the new Executive Chairman of the Hera Group, Cristian Fabbri -. I have been working in this Group since its constitutive phases in 2002. In 21 years we have achieved ambitious growth and value creation goals by working to eliminate the carbon neutrality of our activities and those of our customers, the regeneration of resources and the resilience of the system of services in the area. Together with the CEO Orazio Iacono, all the management and employees, we will continue in this direction for the benefit of the local ecosystem, future generations, our customers and our shareholders. I take the baton from Dr. Tomaso Tommasi di Vignano who led the Hera group for 21 years in an uninterrupted growth path and who leaves a solid company ready to face new challenges and hit ambitious goals. Special thanks to him." For further information Press release Shareholders’ Meeting 2023 Online Report FY2022 Online Sustainability Report 2022 primo_piano_assemblea_azionisti_2023_870.png The Group continues along its path of growth, creating value shareholders and the local areas served. Cristian Fabbri appointed Executive Chairman of the Board of Directors and Orazio Iacono confirmed as CEO assemblea_azionisti_2023_110.jpg

With the second “sustainability-linked bond” and the activation of a new “Sustainability-Linked Revolving Credit Facility”, we will allocate more than 1 billion Euro in financing to projects in favour of the green transition. In particular, the Euro 600 million of the new non-convertible bond is part of the sustainability strategy aimed at decarbonising and recycling plastics, while the new Euro 450 million “Sustainability-Linked Revolving Credit Facility” further expands the innovative financial products and instruments adopted, contributing to maintain its financial soundness. The characteristics of the second “sustainability-linked bond” The aggregate amount of the second “sustainability-linked bond”, reserved to qualified investors, to be issued under the company’s Euro Medium-Term Notes Programme, is equal to Euro 600 million, repayable after 10 years. Also this second “sustainability-linked bond”, like the one launched in 2021, met a great interest from international investors. In fact, the transaction saw significant participation from international investors (France, Germany, the Netherlands and the United Kingdom), most of them specialised in sustainable finance products. The strong demand, with subscription requests of approximately 2.7 billion euro, equal to 4.5 times the offer, and the quality of the orders received have therefore allowed the price to be set at excellent levels. The bond provides for an annual fixed-rate coupon of 4.250%, while the yield at the time of issue is 4.310%. Starting from the interest payment date of 2032, a possible step-up (interest rate increase) is foreseen in case the company does not reach the targets of (1) reduction of Green House Gas emissions expressed in CO₂ tonnes (rate increase of 0.30%) and (2) increase in the amount of recycled plastic, expressed in thousands of tonnes (rate increase of 0.20%). The sustainability-linked bond is part of our strategy aimed at reducing greenhouse gas emissions and increasing the amount of recycled plastic. In particular, we intend to reduce greenhouse gas emissions by 37% by 2030 (compared to 2019), thanks to concrete internal actions and to the involvement of suppliers and customers, in relation to the sale of electricity and gas: one of the most ambitious goals for a company in Italy, validated by the highly respected international network Science Based Target initiative (SBTi). For further information Press release primo_piano_hera_870.png Strong interest of international investors for the second sustainability-linked bond of the multiutility, for an amount equal to Euro 600 million and a maturity of 10 years, which received subscription requests for about Euro 2.7 billion, 4.5 times higher than the amount offered centrata 009__DSC8293-LOWRES.jpg

Today, the Board of Directors of the Hera Group, chaired by Tomaso Tommasi di Vignano, unanimously approved the consolidated operating results at 31 December 2022 and the Report on remuneration policies and compensation paid, as well as the Sustainability report. Uninterrupted growth in business and value created for stakeholders Thanks to its consolidated multi-business model, balanced between regulated and free-market activities, and its good operational, financial and fiscal management, the Hera Group closed 2022 with operating results and investments up on the previous year. It therefore dealt positively with a particularly complicated external scenario, marked by ongoing volatility on the energy market and a highly unstable international geopolitical situation. The management policies implemented by the Group, together with its solid and resilient industrial model, once again proved effective in responding to these external complexities, making it possible to guarantee continuity and quality in services and creation of value for all stakeholders, while at the same time pursuing sustainable development. In addition to the flexibility shown towards suppliers, who were allowed to revise their supply conditions based on inflation, numerous initiatives were introduced to support customers, with particular attention to those facing hardship, including reinforcing instalment plans for bills, extending protocols with municipalities and social bonuses for district heating, and supporting digital tools and qualified operators for consumption analysis and efficiency. The Group thus proved able to turn challenges into opportunities and confirmed its significant volume of investments in the energy transition, the circular economy and innovation, with concrete projects coherent with the main national and international policies. More specifically, in 2022 an increase coming to over 20% was seen in investments compared to 2021, demonstrating the Group’s ongoing focus on valorising and strengthening the resilience of assets under management, with the ultimate goal of continuing to create value for stakeholders. “The 2022 financial year closed positively – Executive President, Tomaso Tommasi di Vignano, emphasized – with results exceeding expectations and fully consistent with previous quarters. After 2021, this is one of the best growth rates recorded in more than twenty years by the Hera Group, all the more appreciable in light of the external context in which it was achieved. Relying on the strength of our consolidated business model and our risk-averse policies, we have once again confirmed our commitment to creating value for the company and for all our stakeholders. The proposed increase in dividends, coming to 12.5 cents per share and in line with the communications made when presenting the Business Plan to 2026, also goes in this direction. On the one hand, we have continued to make investments, in order to face the energy crisis and ensure that all our assets remain resilient and performing, thus ensuring that our strategic plans are carried out and the quality of the services managed stays high. On the other, we have pursued the company’s development along external lines, with M&A transactions in the energy and waste management sectors, with the goal of consolidating our position in the reference markets and further improving the competitiveness and efficiency of the solutions we offer to our customers.” "The positive results – Chief Executive Officer, Orazio Iacono, added – achieved allow us to face the future with confidence, continuing to invest to grow and increase the resilience and digitisation of our infrastructure. Our efficient financial management, along with cash flow generation, allowed us to close the financial year 2022 with a net debt/Ebitda ratio coming to 3.28x, which, excluding the gas storage investments now falling back into line, drops to below 3x, in line with the Group’s historically prudential policy. Shared-value Ebitda rose to 670 million, 51.8% of total Ebitda, and showed growth outpacing that of overall Ebitda, which proves that we are progressively making our operations more and more sustainable. 2022 was also a record year for investments, which came to over 700 million euro, 62% of which were put in place to pursue carbon neutrality, promote the circular economy, enable resilience and innovate. A number of innovative initiatives in the area of renewables also moved in this direction: for example, in 2022 we expanded our biomethane production capacity by around 50% with the construction of a second plant, and we were the first in Italy to introduce a hydrogen-natural gas blend into a city’s network intended for households. Partially thanks also to this latter operation, our gas distribution networks have become fully aligned to the European Taxonomy.” For further information Press release Interactive 2022 annual report Visit Investors area 2022 sustainability report 2022 Sustainability Report Highlights primo_piano_BE2022.png The year ended positively, with growth in the main operating and financial indicators. The dividends proposed rise to 12.5 cents per share 110x150_BE2022_primo-piano.jpg

The Hera Group, through its subsidiary Acantho, and the Ascopiave Group finalised the acquisition of 92% of the shares of Asco TLC, with stakes of 36.8% and 55.2% respectively. The closing follows the award, at the end of November 2022, of the public tender procedure called by Asco Holding for the sale of 92% of the shares of Asco TLC, held by Asco Holding itself and by the Treviso-Belluno Chamber of Commerce, and the subsequent signing on 29 December 2022 of the related contract documentation between the Hera Group and the Ascopiave Group. The cash-settled acquisition price is EUR 37.2 million. For the two groups, the transaction represents a strategic step in the evolution of the business portfolio in the IT-TLC sectors, in line with their respective industrial plans. Moreover, it is the first step of a broader operation that would lead, through the merger of Asco TLC into Acantho, to the birth of a multi-regional operator with significant operational synergies compared to the stand-alone companies, and benefits for customers as well. For further information Press release perfezionamento_acquisizione_Asco_TLC_870.png The transaction represents a strategic step in the business portfolio evolution of both the groups in the IT-TLC sector centrata sede-hera-110.jpg

We have always focused on developing our personnel and considered training as a key element. This commitment has now earned us first place in the “Training” category of the eleventh edition of the Top Utility award, which each year analyses and valorises the evolution and performance of the 100 largest utilities operating in Italy in the electricity, gas, water and waste management sectors. We received the prize “for the completeness of its training programmes in terms of topics covered and duration, as well as for the attention given to employees’ needs for in-depth training, based on their different characteristics and tasks”. Training and developing skills, to rise to future challenges We continue to show our extensive and concrete commitment to corporate training and people development policies, which are one of the Group’s cornerstones. In 2022 alone, 97% of Hera’s workforce, including the most operational part, was involved in courses totalling over 270 thousand hours, equivalent to roughly 30 hours of training per capita, well above the sector average. We guide our choices with an eye to the future, not only in terms of professional growth and skills development, but also with a view to acquiring talented people who can make a contribution to meeting tomorrow’s challenges, first and foremost the energy and environmental transition. One key element in this area continues to be our corporate university, HerAcademy, founded in 2011 with the purpose of generating new knowledge and responding to trends seen in the context, including debate on current issues and collaborations with leading national and international institutions. For further information Press release Visit our Training web area primo_piano_top-utility_2023_870.png The recognition came during the eleventh edition of the Prize that analyses and valorises the performance of the most important Italian companies in the utility sector centrata top-utility_2023_110.jpg

The Executive Chairman of the Hera Group, Tomaso Tommasi di Vignano, after more than twenty years at the head of the company, believes that he has fulfilled his mandate, which expires on 27 April 2023, the date on which the Shareholders Meeting has been called. “I am proud to have contributed to the history of the Hera Group”, states Chairman Tomaso Tommasi di Vignano, “and, working with a top-class management team, to have combined corporate growth with sustainable development. We have created an innovative model that remains ahead of its time, aimed at creating ever more value for our stakeholders and making the areas served increasingly competitive. I therefore wish Cristian Fabbri the best of luck with the important position he will soon cover, after the Shareholders Meeting held on 27 April. It provides recognition for the excellent work he has been doing within the Hera Group since 2006, and I am certain that he will continue to contribute to the company’s development and will also be able to turn future challenges into opportunities.” Tomaso Tommasi di Vignano has been Chairman of the Group since November 2002, and oversaw its initial public offering in June 2003. His guidance has been fundamental in realising the far-sighted vision of the Hera Group’s founding public shareholders, and with his know-how and undisputable management skills, he has helped to guide the company along a path of development and success that has made it one of the most important multi-utility companies nationwide, consolidating its leadership in the sectors in which it operates. This path of uninterrupted growth was crowned in 2019, when Hera was included in the FTSE MIB among the 40 largest companies on the Italian stock exchange, and in 2020, when it was included in the prestigious international Dow Jones Sustainability Index. For more than twenty years, the Group has been committed to creating value for all stakeholders and, thanks to its solid corporate governance, it has confirmed itself over time as a reference point for the areas served and a highly reliable systemic operator. For further information Press release Press release about Shareholders Syndicate Committee Tomaso Tommasi di Vignano_870_primopiano.png Tomaso Tommasi di Vignano_110.jpg

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