Earnings release
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Terna Driving Energy Media Relations PRESS RELEASE Ph . +39 06 83139081 Fax +39 06 83138372 e - mail : ufficio.stampa@terna.it Investor Relations Ph . +39 06 83139081 Fax +39 06 83138372 e - mail : ufficio.stampa@terna.it RESULTS AS OF 31 MARCH 2021 APPROVED FURTHER BOOST TO CAPEX IN FIRST QUARTER , TO THE BENEFIT OF THE ELECTRICITY SYSTEM AND ITALY'S RECOVERY ALL ECONOMIC INDICATORS IMPROVED • Revenues at € 621.8 million ( € 567.5 million in Q1 2020 , + 9.6 % ) • EBITDA at € 453.6 million ( € 434.2 million in Q1 2020 , + 4.5 % ) Group net profit for the period at € 190.4 million ( € 186.6 million in Q1 2020 , + 2.0 % ) • • Capex at € 241.5 million ( € 217.5 million in Q1 2020 , + 11.0 % ) Net debt at € 9,321.0 million ( € 9 , 172.6 million at 31 December 2020 ) Rome , 12 May 2021 - Today's meeting of the Board of Directors of Terna S.p.A. ( " Terna ” ) , chaired by Valentina Bosetti , has examined and approved the results for the three months ended 31 March 2021 ( " Q1 2021 " ) . During the first three months of the year , marked by continual changes in the operating environment , Terna recorded an improvement in its results and further accelerated investment , to the benefit of the electricity system , Italy's economic recovery and the Group's growth . Terna's total capital expenditure in the first three months of 2021 amounted to € 241.5 million , an 11.0 % increase compared with the first quarter of 2020 . " Our first quarter results confirm Terna's role in leading the energy transition and driving the economic recovery : the significant increase in investment was accompanied by a robust performance across all our financial indicators . The period saw us register progress on all our key projects , in line with the 2021-2025 Industrial Plan , “ Driving Energy " . Furthermore , the NexTerna programme , which aims to transform the way we work and enable us to take advantage of the opportunities offered by the new scenario , officially kicked off , " said Stefano Donnarumma , Terna's CEO and General Manager . Terna SpA Registered Office Viale Egidio Galbani , 70 - 00156 Rome - Italy - Ph . +39 06 83138111 | terna.it Rome Register of Companies , Tax Code and VAT No. 05779661007 R.E.A. 922416 Share Capital Euro 442,198,240 full paid - in CERTIFICATIONS ACCREDITATIONS SOA CERTIFICATES