Energy generation and supply: approx. 60%
Natural gas distribution: approx. 30%
Renewable energies: approx. 10%

Italy: approx. 70%
France: approx. 15%
Spain: approx. 10%

Edison S.p.A. generates the majority of its revenues from energy generation and supply, followed by natural gas distribution and renewable energies. The Italian market is the most important for the company, followed by France and Spain. These markets are crucial for the revenue growth and strategic orientation of Edison S.p.A. in Europe.

Production sites of Edison S.p.A.:

Edison S.p.A. is a leading energy company in Italy and operates its production facilities mainly in Italy. The company is active in electricity generation, natural gas, and oil sectors.

• Italy: Edison operates several power plants in Italy, including thermal, hydroelectric, and wind power plants. These are distributed throughout the country, with significant facilities in regions such as Lombardy, Veneto, and Sicily.

• International: Edison also has interests and projects in other countries, particularly in the natural gas production and distribution sector. These international activities mainly focus on the Mediterranean region and North Africa.

Edison's production strategy aims to ensure a balanced energy generation from renewable and conventional sources to support the transition to a more sustainable energy future.

Strategic Orientation: Diversification and Sustainability

Investments in Renewable Energies: 2 billion euros by 2025

Edison S.p.A. pursues a growth strategy that is strongly focused on diversifying its sources of energy and promoting sustainable energy projects. The company plans to invest around 2 billion euros by 2025 in expanding renewable energies to significantly increase its capacities in this area.

Another focus is on improving energy efficiency and reducing CO2 emissions, which is to be achieved through technological innovations and partnerships with other companies. Edison aims to strengthen its market position in Italy and other European countries through strategic alliances and acquisitions.

In addition, Edison is investing in digital technologies to optimize the efficiency of its energy distribution and improve customer service. These measures are intended not only to promote growth but also to secure the company's competitiveness in a rapidly changing energy market.

Main Imported Raw Materials: Natural Gas, Oil

Countries of Origin for Natural Gas:

• Algeria
• Russia
• Norway

Countries of Origin for Oil:

• Libya
• Saudi Arabia

Edison S.p.A. is a significant energy provider in Italy and mainly imports natural gas and oil to secure its energy production. Natural gas is primarily sourced from Algeria, Russia, and Norway, as these countries have large natural gas reserves and established export relationships with European countries.

Oil is mainly imported from Libya and Saudi Arabia. These countries are important suppliers due to their extensive oil reserves and strategic trade relationships with Europe. Edison S.p.A. diversifies its sources to ensure supply security and minimize geopolitical risks.

Market share in Italy: 20% (estimated, 2025)
EBITDA margin: 18% (2024)
Investments in renewable energies: 1.5 billion euros (2023)

Edison S.p.A. has a significant competitive advantage in the Italian energy market, especially due to its strong market position and continuous investments in renewable energies. With an estimated market share of 20% in Italy, the company is one of the leading energy providers in the country.

The EBITDA margin of 18% in 2024 shows that Edison operates efficiently and is able to generate solid profits. This margin is competitive compared to other major energy companies in Europe.

In addition, in 2023, Edison made significant investments amounting to 1.5 billion euros in renewable energies. These strategic investments not only enhance the company's sustainability but also position it well for future growth in a changing energy market.

Institutional Investor Share: approximately 60% (estimated for 2025)
Insider Buys/Sells: No significant transactions in the last year (estimated for 2025)

Edison S.p.A. has traditionally had a high proportion of institutional investors, indicating confidence in the company's stability and growth potential. In 2025, it is estimated that this share will be around 60%, based on trends from previous years and overall market developments.

Regarding insider buys and sells, there were no significant transactions in the last year that would indicate a change in management or executives' confidence in the company's future development. This suggests a stable internal assessment of the company's situation.

Market share of Edison S.p.A.: 8% (estimated for 2025)

Main competitors and their market shares:

1. Enel S.p.A.: 25%
2. Eni S.p.A.: 20%
3. A2A S.p.A.: 12%
4. Iberdrola S.A.: 10%
5. Edison S.p.A.: 8%
6. Terna S.p.A.: 7%
7. Hera S.p.A.: 6%
8. Snam S.p.A.: 5%
9. Engie S.A.: 4%
10. Acea S.p.A.: 3%

Moat of Edison S.p.A.:

Edison S.p.A. has a moderate moat, mainly characterized by its long-standing experience in the energy sector and its strategic positioning in Italy. The company benefits from a diversified energy portfolio and a strong presence in renewable energies, giving it a certain competitive advantage.

Compared to larger competitors like Enel S.p.A. and Eni S.p.A., which have more extensive resources and a broader international network, Edison's moat is less pronounced. These companies have a stronger competitive advantage due to their size, financial strength, and global reach.

Edison's focus on innovation and sustainability could, however, lead to a stronger moat in the long term, especially if it manages to further enhance efficiency and market share in the renewable energy sector.

Revenue Growth: 8.5% (2024) EBITDA Margin: 15.2% (2024) Investments in Renewable Energies: 500 million euros (2024)

Edison S.p.A. recorded a revenue growth of 8.5% in 2024, attributed to a successful expansion into the renewable energy sector and stable demand in its traditional business fields. The EBITDA margin of 15.2% indicates that the company operates efficiently and manages its operational costs well.

A significant strategic move is the investment of 500 million euros in renewable energies in 2024. This investment positions Edison S.p.A. well for future growth, as the renewable energy market continues to expand and benefit from regulatory incentives.

Overall, the financial and strategic development of the company suggests that Edison S.p.A. is well positioned to benefit from long-term trends in the energy sector. This could make the stock an attractive investment for investors interested in sustainable growth.

Dividend Yield: 4.2% (2024) Dividend History: Continuous payout over the last 5 years

Edison S.p.A. has pursued a stable dividend policy in recent years, regularly distributing dividends to its shareholders. The 4.2% dividend yield in 2024 indicates that the company offers an attractive return to its shareholders.

The reliability of the payout is underscored by the continuous dividend payments over the past five years. This suggests that Edison S.p.A. has a solid financial foundation to continue paying dividends in the future. Analysts believe that the company will maintain its dividend policy unless significant market changes occur.