The new plan builds on the one presented in March 2015, accelerating value creation across the four strategic pillars, with the addition of Group Simplification as a fifth focus area.
Upgraded efficiencies: targeting savings of 1.8 billion euros over the 2014-2019 period, with an opex reduction of 1 billion euros, and decrease in maintenance capex by 0.8 billion euros, leveraging global scale and business flexibility.
Shorter time to EBITDA and increase in growth capex by 2.7 billion euros to drive industrial growth, generating cumulative growth EBITDA from 6.7 to 7.2 billion euros over the 2015-2019 period.
Further simplification of Group’s corporate structure to enhance value creation; proposed integration of EGP and reorganisation of LatAm operations underway.
Active portfolio management: increased capital recycling target from 5 billion euros to about 6 billion euros.
Dividend policy confirmed: minimum 0.16 euro DPS in 2015 and minimum 0.18 euro DPS in 2016; payout ratio 65% by 2018.
For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”).
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.