MAIN TARGET OF THE RECOVERY AND RELAUNCH PLAN

 

INDUSTRIAL AND OPERATIONAL TURNAROUND

DISPOSALS

The divestment of photovoltaic assets is planned, as well as those relating to the former CleanTech Business Unit and, in particular:

  • the sale of photovoltaic power generation plants, held directly and indirectly (34 plants have been sold, either wholly owned or JV, for a total of 32.3 MW)
  • the sale of plants for the treatment and recovery of end-of-life tires, the sale of the biodigester in Nera Montoro (preliminary sale signed) and the biomethane production plant in Calimera (LE) under construction (closing signed);
  • the sale of a liquid waste treatment plant and 3 residual greenhouse photovoltaic plants.

ONE SMART COMPANY

It was completed the process of corporate rationalization with the birth of algoWatt, through the merger by incorporation of Softeco Sismat Srl into TerniEnergia operating from the beginning of 2020.

  • Leaner and more integrated Group structure
  • Greater market credibility
  • Organizational model with three Business Units (Green Energy & Utility, Green Enterprise & City and Green Mobility), which follow the lines of development of the Green New Deal and the EU Recovery Fund
  • Reduction of the incidence on the value of production of the most labour intensive activities

BUSINESS TURNAROUND

  • Green Tech Company
  • More added value
  • More markets, one focus: sustainability and efficient use of resources
  • Business based on the valorization of the “as a service” model
  • Sale of products, with the “turnkey solutions” formula

BACK TO INVESTMENT GRADE

  • Elimination of capital intensive activities in the utility segment
  • Cash generation oriented business model in the technology segment
  • Increased management efficiency and synergies
  • Cost rationalization
  • Total debt relief
  • New target of impact and sustainable investing (ESG strategy)

TARGETS

Through the planned operational turnaround, completed with the merger between TerniEnergia and Softeco operating from March 4, 2020, the company intends to implement the complete redefinition of its strategic operations, concluding the process of transformation into algoWatt, “One Smart Company”.

This process will produce:

RELEVANT OPPORTUNITIES EXPECTED FROM THE EFFECTS OF INNOVATIVE ACTIVITIES

algoWatt carries out numerous research projects in the digital energy, cybersecurity, smart mobility, clean environment and Industry 4.0 sectors
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resources invested in research
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projects since 1993
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international partners
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active ptojects
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new projects
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financing between 2017 and 2019
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resources invested in research
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projects since 1993
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international partners
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active projects in 2017
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new projects in 2017
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financing between 2017 and 2019

R&S Advisory S.r.l. has been appointed as financial advisor and Studio Legale Fallanca-Scicolone & Partners, in the person of Lawyer Marco Scicolone, for legal assistance advisory