Strategic plan to 2023 unveiled by Enel

  •   25/11/2020 - 08h44
  •   HARMANT Adeline

Yesterday morning, the Enel Group published a note giving details of its strategic plan for 2021 to 2023, which includes an investment of around €40 billion. 90% of this investment will be in line with the United Nations sustainable development objectives.

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A net increase in investment for the Enel Group :

The first thing we notice about this new strategic plan concerns the group's investments, which show an increase of almost 36% compared to the previous plan.

We also note that renewable energies are at the heart of the group's new strategy with no less than 17 billion euros of investment planned in this field, which is even more important than the previous plan.will lead to a global consolidated installed renewable capacity of around 60 GW by 2023, an increase of more than 33% compared to the year 2020.

The remainder of the investments that will be deployed by Enel will this time concern customers. Indeed, the plan indicates that the value of Business to Customer or B2C customers is expected to increase by nearly 30% while the value of Business to Business or B2B customers will increase by nearly 45%. This will be achieved through the elimination of regulated tariffs as indicated by the supplier.

 

Enel's objectives under this strategic plan:

Of course, the objectives of these investments were also disclosed in Enel's press release. It can be seen that the results of the latter should enable double-digit growth over the next three years for all the group's activities. In particular, Enel aims to achieve managed renewable capacity of more than 8 GW by 2023, which is more than double its managed capacity in 2020 in this segment.

Also noteworthy are the forecasts for ordinary EBITDA, which should be in the range of 20.7 to 21.3 billion euros by 2023, which represents a growth rate of 5 to 6% per year. The net ordinary result will be between 6.5 and 6.7 billion euros in 2023, representing an annual growth rate of around 8 to 10%.

As far as Enel Group shareholders are concerned, they will receive a guaranteed fixed dividend per share or DPS increasing over the next three years with a target of 0.43 euros per share in 2023, representing an annual growth rate of almost 7%.

Finally, it should also be noted that the Enel Group has planned to mobilise investments to the tune of 190 billion euros over the period 2021-2030 by stimulating decarbonisation, at the electrification of consumption and platforms with the aim of creating sustainable shared value for all stakeholders and profitability in the medium to long term.