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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.

In the 2020-2024 period, the positioning along the entire value chain of the energy transition, the continuous improvement of the results of the core business and new activities, the greater internationalization and the strong supervision of the optimization of the financial structure will allow Snam to obtain sustainable growth in the main indicators.

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  • Guidance 2021
  • 2020-2024 Plan
  • INVESTMENTS
  • € ~1.4 bn
  • € 7.4 bn 2020-2024
  • TARIFF RAB
  • € ~21 bn
  • >2.5% CAGR 2020-2024
  • Net income
  • ~+3% vs 2020 guidance
  • 2.5% CAGR 2019-2024
  • DPS
  • € cent 24.95
  • 5% annual growth to 2022. Further minimum growth of 2.5% in 2023-24.
  • Net debt
  • € ~13.5 bn
  • Debt/RAB well below 60%

 

INVESTMENTS (€ Mln)

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* Investments post separation of gas distribution activity (Italgas)

DIVIDEND PER SHARE (€ cent)

Snam confirms its commitment to guarantee to shareholders an attractive and sustainable remuneration and the payment of an interim dividend. The growth of the dividend per share of 5% until 2022 is confirmed, with a further minimum growth of 2.5% in the period 2023-2024. Snam expects that for the 2020 financial year, a total dividend of € 0.2495 per share will be distributed in 2021 (of which 40% as an interim payment in January 2021 as resolved by the Board of Directors on November 4th, while the remaining 60% in balance with payment in June, to be submitted to the Shareholders’ Meeting which will approve the 2020 financial statements).

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updated
13 January 2021 - 11:59 CET