SNAM S.P.A. energy to inspire the world
Approach to Sustainability and Governance
October 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
Europe's leading midstream operator in the natural gas value chain
Upstream | Midstream | Downstream |
Largest European Natural Gas
Transportation network
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
energy to inspire the world
H2/ CCS, Biomethane & | |
Energy Efficiency | 4 |
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 |
energy to inspire the world
Key figuresDomestic Gas infrastructureInternational 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 |
1. | Institutional investors 50.1%, retail investors 9.4%, Minozzi 7.5%, Banca d'Italia 1.4% and Treasury shares | 0.2% | 5 | |
2. | Market capitalization at July 5, 2023. | 3. Including 5 bcm of capacity of new FSRUs acquired but not yet in operation. |
Asset footprint
energy to inspire the world
~16 bcm
reverse flow
capacity
TTPC/TMPC
Critical infrastructure for the security of supply
Assets located along key gas/H2 corridors
Strategy Plan 2022-26: key figures
New Strategy Plan
presented on
January 19, 2023
Source
energy to inspire the world
Investments
€ 10 bn
36% Taxonomy aligned
EBITDA
Ca 7%
CAGR
ca €2.2bn
2022 2026E Guidance (1)
(1) €2,237 EBITDA FY 2022°
Tariff RAB
>5%
CAGR
€21.4 bn
RAB 2022 | RAB 2026E | |
Transport | Storage | LNG |
Net income
Ca 3%
CAGR
ca €1.13bn
2022 2026E Guidance (2)
(2) €1,163m Net Profit FY 2022A
Solid financial structure and compelling shareholders return
- <70% Net debt/Fixed Assets and FFO/Net debt at ca 12% over the plan horizon
- Dividend policy of min 2.5% DPS annual growth 2022-26
7
energy to inspire the world | Agenda |
Snam at a glance
Stakeholders engagement
Governance
Remuneration
Energy transition
8
Active participation in forums and platforms supported directly by the European Union
Stakeholders engagement
the world
Engagement with the financial community
Engagement with Italian Regulator
Snam believes that maintaining constant, constructive relations with investors and the entire financial community is of strategic importance for its reputation.
Roadshow and meetings with investors (2022): >300 investors met in 2022 and >295 ytd in accordance with our engagement policy (Link)
Snam constantly engages with the Italian authority - Arera. Main public consultations carried out in 2022:
- 10-yearsPlan
- Adriatic project
- Asset Health Methodology
- Sardinia demand scenario and Virtual Pipeline Configuration
- Procedure for the first delivery of LNG Piombino
- Incremental Capacity Procedure in Melendugno (TAP enlargement)
energy to inspire
Engagement with other stakeholders and Institutions (2022 figures)
Customers/suppliers
- 4 commercial workshop
- 1 workshop on 10-years plans
- 1 workshop on impacts evaluation as part of the 2022 materiality analysis
Trade Unions
- 143 virtual meetings
Local institutions
- 100+ national and local meetings, with regions affected by Snam's activities and infrastructure
- 20 mayors met to illustrate key projects
- 8 meetings with local farmers' associations
- 4 meetings with territorial associations
European institutions
- Participation in 7 key European public consultations
- Registration with the EU Transparency Register
- Cycle of hearings of the European Parliament, bringing our experience in decarbonisation
- Strengthening Snam's presence at Think Tanks and other associations 9
energy to inspire the world | Agenda |
Snam at a glance
Stakeholders engagement
Governance
Remuneration
Energy transition
10
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
SNAM S.p.A. published this content on 26 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2023 13:11:37 UTC.
