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Increased Investments: € 6.5 bn (+14%)

Snam has forecast an increase in investments for the period 2019-2023 bringing them up to € 6.5 billion, approximately 14% more than the € 5.7 billion of the 2018-2022 Plan. The growth is attributable both to the new energy transition businesses and to the increase in investments in replacements. In detail, € 5.3 bn of the investments in the plan concern the transportation network, € 0.8 bn refer to storage and regasification and € 0.4 bn to the new businesses linked to the energy transition.

5.3

billion euro

transport investments

0.8

billion euro

storage and LNG investments

0.4

billion euro

energy transition investments

Transport, storage and LNG: completion of the infrastructure to connect TAP to the national network, completion of connections in the North-West to serve the local market and cross-border flows, the network in Sardinia and the start of the conversion of six compressor stations and storage plants in gas-electric hybrids. There are also plans to replace 1,000 km of pipelines over the period of the plan, with additional investments of € 400 mln compared to the previous plan: almost half of these works are currently already under construction or have received the VIA authorization. The plan also includes investments of € 140 mln in grid connections linked to the energy transition (CNG and biomethane plants), up from € 90 mln forecast in the previous plan.
Energy transition and innovation: Snam has planned to double its investment in new business for the energy transition to at least € 400 mln, compared to € 200 mln in the previous plan: biomethane, sustainable mobility, energy efficiency, hydrogen. As part of the investment plan, the initiatives of the SnamTec project (Tomorrow's Energy Company) have risen by 65% to over € 1.4 bn: the goal of this project is to accelerate the innovative capacity of Snam and its assets to seize the opportunities offered by the evolution of the energy system.

 

> More about outlook

 

Capex 2019-2023
Storage & LNG

€0.8 bn

 

Capex 2019-2023
Transport

€5.3 bn

 

Capex 2019-2023
Energy transition

€0.4 bn

 

 

 

SNAM PURSUES
A SUSTAINABLE MODELS
OF GROWTH

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sustainable growth
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Growth drivers:

CORE BUSINESS

continuous improvement of results and active participation in the regulatory context

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Growth drivers:

energy transition

increasing exposure to new businesses (sustainability mobility, energy efficiency and hydrogen as the clean energy source of the future)

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Growth drivers:

International activities

solid performance. Leading position in energy infrastructure in Europe

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Growth drivers:

Financial structure

strong oversight of the optimisation

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Our Values:

We promote the security

 

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Our Values:

We support a changing world

 

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Our Values:

We shape the future

 

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Our Values:

We connect to build opportunities

 

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Strategia

SHAREHOLDERS RETURN

Snam confirms its commitment to guarantee shareholders an attractive and sustainable remuneration and the payment of an interim dividend. The dividend growth is expected to be 5% per year up to 2022, confirming the previous target. The healthy results and solid business fundamentals allow Snam to propose a dividend of €0.2376 per share to the Shareholders’ Meeting, of which €0.095 per share was paid in January 2020 as an interim dividend and the balance of €0.1426 per share will be paid from 24 June 2020 with warrant date 22 June 2020 (record date 23 June 2020).

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updated
03 September 2020 - 11:50 CEST