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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.

Over the 2019- 2023 period Snam will invest € 6.5 bn across the businesses. The tariff RAB 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 to 2023 of 4% CAGR.

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  • Guidance 2020
  • Targets
  • INVESTMENTS
  • € ~1.1 bn
  • € 6.5 bn 2019-2023
  • TARIFF RAB
  • € ~20.6 bn
  • >2% CAGR 2019-2023
  • Net income
  • ~1,100 mln
  • 4% CAGR 2018-2023
  • EPS
  •  
  • 5.5% CAGR 2017-2023
  • DPS
  • € cent 24.95
  • 5% growth 2017-2022
  • Net debt
  • € ~12.4 bn
  • Debt/RAB broadly stable

 

INVESTMENTS (€ Mln)

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* Investments post separation of gas distribution activity (Italgas)

DIVIDEND PER SHARE (€ cent)

Snam confirms its commitment to guarantee shareholders an attractive and sustainable remuneration. 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
24 March 2020 - 12:25 CET