energy to inspire the world

Approach to Sustainability and Governance

July 2023

energy to inspire the world

Agenda

Snam at a glance

Stakeholders engagement

Governance

Remuneration

Energy transition

2

Opening remarks

energy to inspire the world

Sustainability is an integral part of Snam's business model:

assets key to ensure energy security and to enable energy transition

Key stakeholders mapped, engaged, and expectations understood to contribute to strategic decision-making

Governance structured to meet best practice overseen by a refreshed, experienced, diverse, and dynamic Board of Directors

Remuneration sensitive to stakeholders, while structured to incentivize meeting key strategic goals

Clear commitment to carbon neutrality and Just

Transition

3

Strictly Confidential

Europe's leading midstream operator in the natural gas value chain

Upstream

Midstream

Downstream

Largest European Natural Gas

Transportation network

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H2 transport: ≈ 99% of the network ready to transport H2, 750km certified by RINA

Largest European gas storage player

Tests confirm the possibility to store H2 in depleted gas fields

One of the largest European player in LNG

Central Role

in Energy Transition

H2/ CCS, Biomethane &

Energy Efficiency

4

Strictly Confidential

Key figures

31.4%68.6%

Free float and long-term investors1

Largest European natural

Largest European

One of the largest LNG

Central Role in

Leading construction &

gas transportation network

gas storage player

operators in Europe

Energy Transition

management operator

(>€17bn RAB)

(~€4bn RAB )

in energy infrastructure

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Key figuresDomestic Gas infrastructure International associates portfolio

€22.4bn

Ca €16bn

Tariff RAB (2023E)

Market cap2

~33,000

~17

~17

Ca €1.1bn

Ca €2.4bn

km of

bcm

bcm/y

network

capacity

capacity3

Net Profit Adjusted

Ebitda

(2023 Guidance)

(2023 Guidance)

Transport

Storage

Regasification

TTPC/TMPC

Strictly Confidential

1. Institutional investors 50.1%, retail investors 9.4%, Minozzi 7.5%, Banca d'Italia 1.4% and Treasury shares 0.2%

2. Market capitalization at July 5, 2023. 3. Including 5 bcm of capacity of new FSRUs acquired but not yet in operation.

5

Attachments

Disclaimer

SNAM S.p.A. published this content on 10 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 July 2023 12:34:02 UTC.