Terna S.p.A. (OTCPK:TERRF) Q4 2024 Earnings Conference Call March 25, 2025 1:00 PM ET
Company Participants
Stefano Gamberini – Head, Investor Relations
Giuseppina Di Foggia – Chief Executive Officer and General Manager
Francesco Beccali – Chief Financial Officer
Conference Call Participants
Javier Suarez – Mediobanca
Roberto Ranieri – Stifel
Gonzalo Sanchez-Bordona – UBS
Roberto Ranieri – Stifel
Stefano Gamberini
Good evening, everyone, and welcome to Terna’s 2024-2028 Industrial Plan Update presentation. First of all, I would like to thank the people who are here with us today in Milan, as well as those who have joined us remotely. I’m here with Terna CEO and General Manager, Giuseppina Di Foggia; and our CFO, Francesco Beccali.
Today’s agenda includes, an overview of the key achievements reached in 2024, the update of the energy scenario, a brief description of the new 10 year National Development Plan 2025-2034, the presentation of our strategy and our 2024 results, and finally, the upgrade of our 2024-2028 financial targets. At the end of the presentation, there will be a Q&A session.
So let me immediately hand over to our CEO. Please, Giuse.
Giuseppina Di Foggia
Thank you, Stefano, and welcome, everyone. A year ago I presented to you a plan that went further in investment and ambition than anything Terna has done before. We made a serious commitment to the future of energy. Over EUR16.5 billion of investment, an increase of 65% on the previous plan. I’m delighted to be able to tell you today as we present an update of that plan that, across all parameters, we have not only maintained that commitment, but delivered beyond our expectations. This result is due to the diligence, expertise, and professionalism of all those internal, and thanks to our ever stronger relationships with all our major stakeholders, the government, the regulator ARERA, and our partners.
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