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Company targets and achievements

Snam always aims to guarantee the achievement of its financial targets; the Company is pursuing a sustainable growth model, aimed at value creation and growing asset returns, supported by economic results. Since 2001, the listing year, to March 2018 Snam has achieved significant financial goals, distributing dividends amounting to around €12.3 bn.

Over the 2017- 2021 period Snam will invest €5.2 billion across the businesses. The regulated asset base will grow at 2% thanks to the significant capex plan that will be deployed during the plan period. This combined with cost control, the contribution of additional income from Snam’s associates, the reduction in cost of debt and balance sheet management, will support an expected net income growth of 4.5% CAGR.

  •  
  • Guidance 2018
  • Targets
  • INVESTMENTS
  • € ~0.9 bn
  • € 5.2 bn 2017-2021
  • TARIFF RAB
  • € ~20.3 bn
  • ~2% CAGR 2017-2021
  • Net income
  • € ~975m
  • ~4.5% CAGR 2016-2021

 

INVESTMENTS (€ Mln)

Snam has envisaged an increase in investments to € 5.2 billion for the 2017-2021 period, up 10% compared to the plan’s € 4.7 billion presented in March 2017. In detail, € 4.6 billion are related to the transportation network, while € 0.6 billion are related to storage and regasification. The plan also provides for investments of approximately € 360 million to increase energy efficiency and reduce Snam’s emissions.

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* Investments post separation of gas distribution activity (Italgas)

** Guidance of March 2018

DIVIDEND PER SHARE (€ cent)

Snam equity story is underpinned by growth and dividend to drive a top ranking Total Shareholder Return. Results achieved in fiscal year 2017 and solid business fundamentals allow the Board of Directors to propose to the Shareholders Meeting, called for 24 April 2018, a dividend of €0.2155 per share to the Shareholders’ Meeting, of which €0.0862 per share paid in January 2018 as an interim dividend and the balance of €0.1293 per share will be paid from 20 June 2018 with coupon detachment set for 18 June 2018 (record date 19 June 2018), confirming Snam’s commitment to an attractive and sustainable remuneration of its shareholders over time.

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updated
10 September 2018 - 11:32 CEST