
Enel 2023-2025 strategy: repositioning of businesses and geographies, focus on sustainable electrification
Enel release
· In the 2023-2025 Plan period, the Group expects to:
o Concentrate on integrated value chain pursuing sustainable electrification, which is increasingly needed in global energy systems, covering approximately 90% of its fixed price sales with carbon-free electricity in 2025, bringing renewable generation to around 75% of total as well as reaching around 80% of digitalized grid customers
o Strategically reposition businesses and geographies, with a disposal plan worth around 21 billion euros in terms of positive contribution to the reduction of Group Net Debt. The bulk of this plan is expected to be rolled out by the end of 2023, resulting in a more agile company focused on six “core countries[1]”
o Secure growth and financial strength by coupling a 10-13% Compound Annual Growth Rate (“CAGR”) in Net Ordinary Income with a FFO/Net Debt ratio of 28% expected from 2023, alongside maintaining a Dividend Per Share (“DPS”) of 0.43 euros for 2023-2025, up from 0.40 euros in 2022, whereby DPS in 2024 and 2025 is to be considered as a sustainable minimum
· Towards these aims, between 2023 and 2025, the Group expects to invest a total of around 37 billion euros, of which 60% supporting the Group’s integrated commercial strategy (generation, customers and services), and 40% allocated to grids to support their role as enablers of the energy transition
· The focus will be on four strategic actions:
(i) balance customers’ demand and supply to optimize the risk/return profile
(ii) decarbonization to ensure competitiveness, sustainability and security
(iii) reinforce, grow and digitize networks to enable the transition
(iv) streamline portfolio of businesses and geographies
· In 2025:
o Group Ordinary EBITDAis expected to reach 22.2-22.8 billion euros, compared to 19.0-19.6 billion euros estimated in 2022
o Group Net Ordinary Incomeis expected to reach 7.0-7.2 billion euros, compared to 5.0-5.3 billion euros estimated in 2022
Financial Targets |
|
|
|
|
Earnings growth | 2022E | 2023 | 2024 | 2025 |
Ordinary EBITDA (€bn) | 19.0-19.6 | 20.4-21.0 | 21.4-22.0 | 22.2-22.8 |
Net Ordinary Income (€bn) | 5.0-5.3 | 6.1-6.3 | 6.7-6.9 | 7.0-7.2 |
Value creation |
|
|
|
|
DPS (€/share) | 0.40 | 0.43 | 0.43* | 0.43* |
* Minimum DPS
Francesco Starace, CEO and General Manager of Enel said: “In the next three years, we will focus on integrated business models, digital know-how as well as businesses and geographies that can add value despite the current challenging scenario, embracing a leaner structure and a more robust set of financial ratios. This will increase our resilience to potential future continued turbulence, as well as position our value creation towards further growth, benefitting all our stakeholders and accelerating energy independence in our core countries. Sustainability, which is fully embedded into our decisions, continues to be at the foundation of our Strategy, also leveraging on the acceleration of electrification across economies. These results will be achievable thanks to the highly skilled and motivated colleagues at the Enel Group and the digital platform organizational structure we have set up for the Group.”
[1] Namely: Italy, Spain, the United States, Brazil, Chile and Colombia.
The full release is available here.
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
News in: Oil & Gas (Mexico)

Pemex calls tenders for hydrocarbons commercial strategy
The tenders come just weeks after Mexican President Andrés Manuel López Obrador (AMLO) announced the eventual phasing out of Pemex’s international ...

OPEC+ cap keeps Pemex off target, while pirate attacks mount
Crude output in Mexico will be held to 1.753Mb/d through December 2023 with OPEC+'s lowered ceiling.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas (Mexico)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Elite 1 CC combined-cycle generation plant
- Current stage:
- Updated:
2 days ago
- Project: Olmeca Refinery (ex Dos Bocas)
- Current stage:
- Updated:
6 days ago
- Project: Chalabil area (AE-0155-Chalabil)
- Current stage:
- Updated:
2 weeks ago
- Project: Pemex GPC redevelopment project
- Current stage:
- Updated:
3 weeks ago
- Project: Cuitláhuac Field
- Current stage:
- Updated:
3 weeks ago
- Project: Morelos pipeline (Morelos comprehensive project)
- Current stage:
- Updated:
3 weeks ago
- Project: Energía Costa Azul Liquefaction Project
- Current stage:
- Updated:
1 month ago
- Project: Liquefaction plant in Altamira
- Current stage:
- Updated:
2 months ago
- Project: Modernization of the Quality Control laboratories of the Maritime Terminals of Salina Cruz, Tuxpan, Madero and Pajaritos
- Current stage:
- Updated:
3 years ago
- Project: Infrastructure for compliance with regulations in industrial security systems in storage and distribution terminals of the Pacific GAR
- Current stage:
- Updated:
3 years ago
Other companies in: Oil & Gas (Mexico)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Industria On-OffShore del Valle, S.A. de C.V.  (Industria On-OffShore del Valle)
-
The Mexican company Industria On-OffShore del Valle is dedicated to the supply and repair of industrial equipment for the pipelines, chemical and petrochemical sectors, refining...
- Company: Secadero Petróleo y Gas, S.A. de C.V.
-
Secadero Petróleo y Gas, S.A. de C.V. is a consortium formed by the Mexican E&P company Grupo R Exploración y Producción, S.A. and Constructora y Arrendadora México. The pair of...
- Company: BP Exploration México, S.A. de C.V.  (BP Mexico)
-
British company BP entered the Mexican market in the 1960s with the distribution of Castrol products. The Mexico City-based company provides and sells natural gas, liquefied pet...
- Company: Technip de México S. de R.L. de C.V.  (Technip México)
-
TechnipFMC TECHNIP is an engineering and construction company that operates in oil and gas projects, technologies, systems and services. With proprietary technologies and produc...
- Company: SSA México S.A. de C.V.  (SSA México)
-
SSA México S.A. de C.V., the local unit of US-based port operator SSA Marine Inc., offers cargo-handling and related services for the movement and storage of various types of ca...
- Company: Iberoamericana de Hidrocarburos, S.A. de C.V.  (IHSA)
-
Iberoamericana de Hidrocarburos S.A. (IHSA), a consortium made up of Mexican oil and gas company Monclova Pirineos Gas, S.A. de C.V. and Spanish firm Cobra Instalaciones y Servi...
- Company: Pemex Logística
-
Pemex Logística is a subsidiary of Mexico's state-run oil company. It was established in 2015 as part of Pemex's restructuring, which also created another four subsidiaries. The...
- Company: Consorcio Hokchi Energy - E&P Hidrocarburos y Servicios
-
The consortium is made up of Argentina-based Pan American Energy LLC and E&P Hidrocarburos y Servicios S.A. de C.V. It was awarded in the second phase of Mexico's Round One tend...
- Company: Petróleos Mexicanos S.A. de C.V.  (Pemex)
-
Mexico's state oil company Petróleos Mexicanos S.A. (Pemex) is engaged in the exploration, production, transportation, refining, storage and sale of hydrocarbons and derivatives...