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Forecast management evolution as of 12 May 2022

Considering the results for the first three months , the trend in electricity prices to date and the ir expected evolution for the rest of the year (based on the current level of futures contracts), the Company confirms its targets for 2022. In particular, Rai Way is forecasting:

  • mid-single-digit revenue growth driven by indexation to inflation and the impacts of refarming for both RAI and third-party customers
  • growth of Adjusted EBITDA, assuming a progressive normalization of electricity prices
  • maintenance investments in line with the level provided in the 2020-23 Industrial Plan; development investments up on 2021 driven by completion of refarming activities and deployment of new services




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