Iren : Investor Presentation | September 2022

Investor Presentation

September 2022

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Presenting Team

Giulio Domma		Carlotta Scarrone		Selina Xerra		Giulia Mancini
Head of IR		IR - ESG Analyst		Head of CSR	CSR - Head of
			planning & reporting

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Iren Key Credit Highlights

1	Solid position in Italy as one of the largest multi-		utilitiesconcentrated in some of Italy's wealthiest
	regions in the northwest
	2	Strong business risk profilewhich benefits from the significant contribution of fully regulated
		water, gas, and power distribution and waste collection activities
	3	Largest district heating network in Italy, characterized by long-		term contracted nature of the
		service
	4	Above average resilienceshowed during pandemic emergency, with FY2021 results higher
		than pre-		pandemic (FY2019) results

Healthy cash generation and conservative financial structure will allow the Company to maintain

5 investment-grade metrics despite the expectation to have a leverage peak in 2024 due to accelerated investments

Stronger sustainable commitment as declared under the 2021-2030business plan:the Company

6 plans to reduce its carbon intensity substantially by increasing its share of renewables in the generation mix and decommissioning its thermal generation

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Company Overview

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1. Iren at a Glance

II. Business Plan@2030

Agenda

Overview	2
	I.	H1 2022 Key
		Figures
Results		II.	Debt Structure
	III.	Financing
		Sustainable
1H			Framework at a
		Glance

3 3
Plan@2030	I.	Sustainability
	at Iren Group
	II.	Sustainability
Sustainability Strategy in Business		Targets

4 4

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Company Overview