Snam S.p.a. · MIL:SRG
Snam — Investor Day (January 2024)
89 slides from Snam's investor day presentation, Jan 25, 2024
Slide 1: 2023-27 Strategic Plan: Energy infrastructure for a sustainable future
2023-27 Strategic Plan Energy infrastructure for a sustainable future January 25th, 2024
Slide 2: Agenda
Agenda Snam, a leading pan European infrastructure operator An evolving energy context Energy infrastructure for a sustainable future Business Plan projections Vision and Closing remarks
Slide 3: Snam, a leading pan European gas infrastructure operator
Snam, a leading pan European gas infrastructure operator energy to inspire the world Italian and International assets (pro-quota) ~37,400 ~20 bcm ~20 bcm/y km1 capacity2 capacity3 Transport Storage Regasification Italian assets ~33,000 ~17 bcm ~17 bcm/y km4 capacity capacity5 Transport Storage Regas
Slide 4: Key figures
Key figures energy to inspire the world € 21.4 ~ € 15.6 € 2.24 € 1.16 bn bn bn bn Tariff Market EBITDA Adj. Net Income Adj. RAB 20221 Cap2 2022 2022 Associates ownership % 5.88%3 49.90% 20.00% 35.64%3 40.50% 84.47%4 19.60%3 25.00% 13.49% 49.07% 23.68% 7.30% 21.59% 2.07% 1. Italian 3. Indirect partic
Slide 5: Agenda
Agenda Snam, a leading pan European infrastructure operator An evolving energy context Energy infrastructure for a sustainable future Business Plan projections Vision and Closing remarks
Slide 6: Complex market conditions with some key trends emerging
Complex market conditions with some key trends emerging energy to inspire the world Energy crisis eased but the system remains Security of supply and diversification remain priorities fragile and macro unsettled Increased emphasis on technological neutrality and innovation Challenging • All technolo
Slide 7: Security of supply and diversification remain priorities in a context of uncertain demand outlook
Security of supply and diversification remain priorities in a energy to inspire the world context of uncertain demand outlook EU27 gas import mix, bcm EU gas demand up-down curve, bcm xx . Short-term rebound due to industrial recovery NORWAY and UK piped and coal-to-gas in power generation MED / NOR
Slide 8: All technologies are needed to reach the climate goals
All technologies are needed to reach the climate goals energy to inspire the world Global cumulative energy sector CO2 emissions reductions by tech Enabling factors 100% 10% Bioenergy BioCH4 infrastructure 10% CCUS Pipelines, storage… Clean electrons and 80% H2 and other decarbonized 11% e-fuels mol
Slide 9: CCS is gaining momentum
CCS is gaining momentum energy to inspire the world European projects CCS cost range3, €/t Number of CCS Projects in Europe4 • Strong policy support, with 14 EU . Cost range Minimum cost • Pipeline transport is mature and PCI/PMI of cross-border CCS and 50 predominant in European CCS projects in Mtp
Slide 10: H2: infrastructure is a key enabler
H2: infrastructure is a key enabler energy to inspire the world 2040 H2 supply/demand balances in areas of Europe, Mt 2040 H2 infrastructure map 21.8 Regional supply New 19.6 Regional demand Repurposed Mix # Net export (import) potential (need) 15.1 11.3 8.6 (18.2 Mtpa) 7.7 7.7 5.1 5.4 3.4 Central S
Slide 11: EU and national regulatory framework progressing
EU and national regulatory framework progressing energy to inspire the world Repower EU ambition: Gas • 35 bcm biomethane Emergency measures List of PCI projects H2&Gas package • 10 mtons production / ISO H2 standard 10 mtons import of green H2 CCUS strategy Available funds Fitx55 regulation (RED II
Slide 12: Snam's integrated strategic framework
Snam’s integrated strategic framework energy to inspire the world Challenges/Opportunities Snam’s strategic framework… …and key distinctive factors All-round Sustainability Unique Security of supply Med-EU bridge to competitive options Energy transition platform Challenging Resilient, flexible and c
Slide 13: Agenda
Agenda Snam, a leading pan European infrastructure operator An evolving energy context Energy infrastructure for a sustainable future Business Plan projections Vision and Closing remarks
Slide 14: Our Ambition: Energy infrastructure for a sustainable future
Our Ambition: Energy infrastructure for a sustainable future energy to inspire the world All-round Sustainability Business Focus Gas infrastructure to secure energy supply Energy transition Energy transition platform to accelerate decarbonization platform CCS Gas H2 Strategic levers infrastructure A
Slide 15: How we plan to deliver our Ambition
How we plan to deliver our Ambition Snam’s strategic framework… Business focus Strategic levers Gas infrastructure to secure energy supply All-round sustainable strategic framework Energy transition platform to accelerate decarbonization Transformative Innovation € 11.5 bn Capex 2023-27 (~ € 12.4 bn
Slide 16: Investing to deliver the multi-molecule infrastructure
Investing to deliver the multi-molecule infrastructure Covered by grants Pipeline 21% Emission Reduction & Green molecules Replacements Adriatic Pipeline 44% H2-Ready Gas Infrastructures Innovation Security Facility Covered Maintenance by grants 25% Security of supply & maintenance ICT Biomethane En
Slide 17: Investing in asset resilience with flexible and repurposable solutions
Investing in asset resilience with flexible and repurposable solutions MALBORGHETTO Emission reduction & green molecules Dual-Fuel MASERA Commissioning of 4 compression stations compression stations ( € 0.7 bn) BRUGHERIO SETTALA CREMA SERGNANO SABBIONCELLO Biomethane plants Biomethane connections P
Slide 18: From H2 ready to H2 proof
From H2 ready to H2 proof energy to inspire the world • Gas Infrastructure Committee for EU technical standard EN15941 Definition of • ISO/TS 19870 H2 technical standard technical standards • 1,500 km certified H2 ready by Rina to date and > 3,000 km by 2027 • Pipes: EPRG2 tests (100% H2 new and old
Slide 19: South H2 is the most efficient corridor
South H2 is the most efficient corridor energy to inspire the world From 2023 Q2 2024 2030 Q4 Q1 Q2 Q3 Q4 Potential completion of Italian H2 Included in PCI list Engineering backbone Market test Key features of the South H2 corridor 3,300 km dedicated hydrogen pipeline corridor led by Snam, TAG, GCA
Slide 20: Ravenna hub the first and largest CCS project in the MED
Ravenna hub the first and largest CCS project in the MED From From 2023 Q2 2024 2026 2030 Q4 Q1 Q2 Q3 Q4 1st Industrial phase 2nd Industrial phase (4mtons/y) (up to 16mtons/y) Included in PCI List Start-up phase (25 ktons/y) Market test Highlights • Fit for hub model: industrial cluster located near
Slide 21: Building an attractive biomethane platform
Building an attractive biomethane platform Developing a biomethane platform Strong geographical footprint MW Legend 135 Mcm/y 3 # operating plants 1 80 3 7 8 # under development plants 1 Bioenerys Ambiente 4 8 41 Bioenerys Agri 1 Biomethane Biogas 1 Current platform 1 Upgrade Additional Target devel
Slide 22: Refocusing Energy Efficiency platform
Refocusing Energy Efficiency platform Business portfolio repositioning… …whith an integrated infrastructural approach Backlog (€ bn) & Average duration (Y) >11 Y 3 business 7Y ~3 areas 1.9 Public Residential administration Industrial Clients 2022 1 2025 2027 Public Administration Tertiary Industrial
Slide 23: Comprehensive Sustainability approach with ambitious 2027 targets
Comprehensive Sustainability approach with ambitious 2027 targets All-round Sustainability Green Transition 1 enabler Avoided third party CO2e emissions 500 ktCO2e Multi-molecule 2 infrastructure H2-ready network, certified by third parties >3,000 km -25% scope 1+2 by 2027, Carbon neutral on 3 Carbo
Slide 24: Consistent emissions reduction pathway
Consistent emissions reduction pathway All-round Sustainability Scope 1&2 targets 1 Scope 3 emissions target 1 (ktons of CO2e) (ktons of CO2e) In line with 1.5° 2 1.5° / well below 2° 2 1,451 1,434 Scope 2 -8% -25% -30% -35% -40% Scope 1 Emissions from -50% combustion Scope 1 Natural CARBON gas emis
Slide 25: Working towards a positive impact on Nature
Working towards a positive impact on Nature All-round Sustainability Nature and biodiversity commitment: from Zero Net Conversion to Net Positive Ambition First pure infrastructure player globally Net Positive impact to join SBTN Corporate Engagement by 2027 Program With focus on high biodiversity r
Slide 26: Proven technologies to drive asset transformation
Proven technologies to drive asset transformation Transformative Innovation ASSET CONTROL ROOM To enhance technology integration and adoption Asset digitalization and data optimization model across Snam assets and processes • 50 projects, >200 people involved • 100% operating processes digitalized •
Slide 27: Open innovation to accelerate technology advancement
Open innovation to accelerate technology advancement energy Transformative to inspire the world Innovation Relevance for Snam Spanning across various tech trends2 R&D and tech development projects • 35 projects of which 5 with grants by EU/Arera •IOT • Research on decarbonization and alternative Lon
Slide 28: Agenda
Agenda Snam, a leading pan European infrastructure operator An evolving energy context Energy infrastructure for a sustainable future Business Plan projections Vision and Closing remarks
Slide 29: Visible and supportive regulation underpinning the Plan
Visible and supportive regulation underpinning the Plan energy to inspire the world Visible regulatory framework transitioning to ROSS 2020 2021 2022 2023 2024 2025 2026 2027 2028 WACC 2024 TRANSPORT 5° regulatory period ROSS BASE FULL ROSS • Transport: 5.9% STORAGE 5° regulatory period ROSS BASE •
Slide 30: 2023-2027 Strategic Plan: increasing profitability
2023-2027 Strategic Plan: increasing profitability energy to inspire the world Capex Old plan New plan EBITDA adj. Net income adj. +15% € 10 bn € 11.5 bn1 2022-2026 2023-2027 Cagr Cagr >7% ~4% € bn € bn Tariff RAB Net Debt Cagr € bn € bn ~2.4 ~3.2 ~1.14 ~1.33 >6% ~ 28.6 bn ~ 22.4 bn 2023 2027E 2023
Slide 31: € 11.5 bn investments 2023-27 in a future-proof multi-molecule infrastructure
€ 11.5 bn investments 2023-27 in a future-proof multi-molecule energy to inspire the world infrastructure • Adriatic Line Transport • Replacement of > 900 km pipelines • Net zero investments: dual-fuel compression stations • Connections of FSRUs and biomethane 7.4 • Storage wells refurbishment and p
Slide 32: Sound EBITDA growth driven by visible regulated business
Sound EBITDA growth driven by visible regulated business energy to inspire the world € bn 7.4% CAGR ~ 3.2 Gas Infrastructure: • New investments • WACC uplift ~ 2.4 • Deflator Organic • Ross effect on transport Regulation1 growth Energy transition: • Ramp up of biomethane • Consolidation of Energy 20
Slide 33: Net income accelerating despite higher net interest charges
Net income accelerating despite higher net interest charges energy to inspire the world € bn ~ 4% CAGR D&A increase due to new assets entering in operation ~ 1.33 ~ 1.14 Net financial expenses impacted by cost of debt increase from 2.0% to 2.9% Associates contribution mainly driven by Italian associ
Slide 34: Keeping financial solidity and flexibility
energy Keeping financial solidity and flexibility to inspire the world Cash flow ~ 19.0 Net Debt/(Fixed Assets + BVEP2) 80% ~ 15.5 75% 70% 65% 60% 55% 50% 2023E 2024E 2025E 2026E 2027E FFO/Net Nebt3 15% 14% 13% Cost of debt evolution 2.0% 2.9% 12% Fix/Floating 3/4 11% 3/4 mix 10% % ESG financing1 ~8
Slide 35: Value creation from associates
Value creation from associates energy to inspire the world International associates: Rising overall associates contribution better visibility, diversification and energy transition upside €m ~ 300 ~ 320 Positive outcome of the regulatory reviews in Greece and France and ongoing interactions with Aus
Slide 36: Active management of our assets portfolio
Active management of our assets portfolio energy to inspire the world Value enhancers of ~ 60% of Italian infrastructure contribution1 Enablers of business ~ 20% of optionalities contribution1 Opportunistic assets ~ 20% of contribution1 1. In terms of contribution from associates in 2027 36
Slide 37: Sound and visible 2024 outlook
Sound and visible 2024 outlook energy to inspire the world Guidance FY 2023 Guidance FY 2024 Target by 2027 € 2.1 bn € 2.9 bn Investments • € 1.9 bn Gas Infrastructure • € 2.7 bn Gas Infrastructure € 11.5 bn • € 0.2 bn Energy Transition • € 0.2 bn Energy Transition Tariff RAB € 22.4 bn € 23.8 bn > 6
Slide 38: Improved dividend policy
Improved dividend policy energy to inspire the world DPS € cent +3.0% +2.5% CAGR +5% 31.74 28.20 27.51 26.20 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 3.0% DPS minimum annual growth 2023-27 (from min 2.5%) 38
Slide 39: Agenda
Agenda Snam, a leading pan European infrastructure operator An evolving energy context Energy infrastructure for a sustainable future Business Plan projections Vision and Closing remarks
Slide 40: Snam's future Pan-European multi-molecule infrastructure
Snam’s future Pan-European multi-molecule infrastructure energy to inspire the world CO2 transported Volumes transported1 through Snam infrastructure (bcm) H2 export H2 domestic demand CH4 exports CH4 domestic demand (including biomethane) 2023 2040 Rising volumes of different gases underpinning lon
Slide 41: Ambition to 2032: Deliver the multi-molecule infrastructure
Ambition to 2032: Deliver the multi-molecule infrastructure energy to inspire the world Capex 2023-27 Capex 2028-32 Capex 2023-32 Up to € 26 bn (net of grants) Green and decarb 44% investments: 37% • Maintain assets reliability and resilience, reduce 65%1 80%1 carbon footprint, replace aging assets
Slide 42: Closing remarks
Closing remarks energy to inspire the world Attractive & sustainable Solid financial shareholders’ return flexibility ENERGY Increased INFRASTRUCTURE Committed to Paris visibility FOR A Agreement and net positive SUSTAINABLE biodiversity impact FUTURE Accelerated At the forefront on growth innovatio
Slide 43: Financial Annex
Financial Annex
Slide 44: Key Business Plan assumptions
Key Business Plan assumptions energy to inspire the world WACC real pre-tax CPI and Deflator in terms of impact on Revenues 6.7% 6.4% 6.4% 6.4% 8.1% 6.1% 6.6% 5.9% 5.9% 6.3% 6.3% 6.3% 6.0% 4.2% 5.9% 5.7% 2.8% 2.8% 2.2% 5.7% 5,7% 2.2% 2.2% 2.2% 5.1% 2.2% 1.9% 2.3% 1.9% 2.1% 1 2023 2024 2025 2026 2027
Slide 45: Capex alignment
Capex alignment energy to inspire the world Overall Capex mix and Capex alignment Taxonomy alignment to SDGs 18% 19% 42% 46% €11.5 bn 17% 10% €11.5 bn 9% 6% 17% 10% 1% 3% 2% H2 Ready Energy transition SDG 7 - Affordable and clean energy SDG 11 – Sustainable cities and (including FSRUs) communities D
Slide 46: Capex breakdown
Capex breakdown energy to inspire the world Capex by year (€ bn) Capex breakdown 2023 2024 2025 2026 2027 Total Transport1 1.2 1.9 1.8 1.4 1.1 7.4 10% Storage 0.2 0.3 0.3 0.3 0.3 1.4 10% Development LNG2 40% 0.5 0.5 0.2 0.2 0.1 1.5 Replacement Energy €11.5 bn Maintenance Transition 0.2 0.2 0.3 0.3 0
Slide 47: EU Taxonomy
EU Taxonomy energy to inspire the world Eligibility Alignment • Transport of CH4 : pro-quota of yearly demand • Storage of CH4: excluded • Transport of CH4: revenues aligned pro-quota of green 21% gases on yearly demand 20% • LNG: excluded Revenues • Biomethane: 100% eligible 81% • Biomethane: 100%
Slide 48: Financial structure profile and Ratings overview
Financial structure profile and Ratings overview energy to inspire the world Maturities profile 2023E1 (€ bn) Ratings overview 3,0 2.5 2,5 1.9 1.8 1.9 Moody’s S&P Fitch 2,0 1,5 1.3 Assigned Rating Baa2 BBB+ BBB+ 1,0 Outlook stable stable stable 0,5 Rating from Grid /SACP2 A2/A3 a- n.a. 0,0 2024 2025
Slide 49: Governance Annex
Governance Annex
Slide 50: Board of Directors
Board of Directors energy to inspire the world Appointed on April 27, 2022 Roles and composition: Monica de Stefano Massimo Laura Augusta Piero Rita Qinjing Alessandro Virgiliis Venier Bergami Cavatorta Iannini Manzoni Rolli Shen Tonetti Board of Directors AVERAGE Non-Executive Non-Executive Non-Exe
Slide 51: Board Skill Matrix
Board Skill Matrix Strategy energy to inspire the world 44% Sector 56% 56% Sustainability Corporate Finance, Governance 78% 33% accounting and/or risk management Legal & Compliance 33% 56% International 56% 51 Human Capital
Slide 52: Board dynamic
Board dynamic energy to inspire the world Number of board meetings Rate of attendance ESG matters discussed in 98% 98% 98% 15 >40% of BoD meetings 13 11 2021 2022 2023 2021 2022 2023 Induction & training Proactive approach involving directors in Board induction sessions on key topics, including Snam
Slide 53: Remuneration Policy
Remuneration Policy energy to inspire the world Remuneration Policy aims at ensuring alignment with the Company's strategic objectives considering the characteristics of the business and the industry while ensuring that the variable component represents a significant portion of total remuneration Pa
Slide 54: Remuneration KPIs
Remuneration KPIs energy to inspire the world New KPIs approved at the 2023 AGM Long-Term Variable Share-Based Incentive Plan Annual Monetary Incentive – 2023 KPIs1 (2023-2025 LTIP)1 KPI Description Weight KPI Description Weight Adjusted EBITDA 30% Adjusted net profit 40% Investments gas infrastruct
Slide 55: Sustainable Finance
Sustainable Finance energy to inspire the world ESG Finance over total funding available: 85% in 2027 Sustainable finance doubled in 4 Y, Extensive toolbox of instruments available new target in 2027 Short-term ESG funding via ESG Recently updated commercial papers rated EE+ programme – up to € 3.5
Slide 56: Policies
Policies energy to inspire the world SNAM POLICIES OVERVIEW 2023 NEW POLICIES AND UPDATES E Climate Lobbying Policy1: Gender Social Transition Policy: S • Policy Diversity & Inclusion • Gender Equality Policy Enhancing transparency by disclosing It guides transgender individuals in climate-related l
Slide 57: New Enterprise Risk Management (ERM) approach
New Enterprise Risk Management (ERM) approach energy to inspire the world Objectives Outcomes • Adoption of the Group Risk Appetite • Higher risk-informed contribution to both Framework decision-making and strategic processes in • Introduction of a distinction between With the aim of continuously en
Slide 58: Climate Change Risk Management Framework
Climate Change Risk Management Framework energy to inspire the world Identification, measurement, and management of risks and opportunities associated with climate change that may impact industrial, economic, and sustainability objectives (transition risks) as well as the integrity of tangible (phys
Slide 59: Cybersecurity
Cybersecurity energy to inspire the world Cybersecurity plays a crucial role in preventing or addressing diverse events, ranging from compromising individual workstations to the degradation of entire business processes Projects covered by Security by Design cyber approach: 100% by 2027 Security inci
Slide 60: Tax Transparency Report
Tax Transparency Report energy to inspire the world The document, drafted on voluntary basis and published for the first time in 2023 (fiscal year 2022) to: • Promote a transparent and collaborative relationship with all stakeholders • Represent tax governance and how the tax strategy and tax risk m
Slide 61: Snam's Shareholders
Snam’s Shareholders energy to inspire the world Shareholders structure (%) Shareholders geographical break down (%) 0.2 8.7 4 0.2 7.5 17.8 32.8 50.8 13.1 31.4 12 16.8 1.4 3.3 Institutional Investors Bank of Italy Italy - Strategic Holders 1 Italy - Retails2 Italy - Institutional Continental Europe C
Slide 62: Sustainability Annex
Sustainability Annex
Slide 63: Snam's Sustainability journey: what we achieved
Snam’s Sustainability journey: what we achieved energy to inspire the world Net Zero: first TSO to declare a Net Zero target for Governance: ESG topics included in the corporate By- 1 emissions and for 3 years gold standard by UNEP on 4 law, with energy transition and BoD gender balance methane emis
Slide 64: Sound absolute and relative position in ESG Rating
Sound absolute and relative position in ESG Rating energy to inspire the world DJSI CDP FTSE4GOOD Sustainalytics MSCI ISS ESG Moody’s Vigeo 100 A 5 NEGLIGIBLE RISK AAA A+ ADVANCED AA B 82 LOW 3.7 BBB B- 2.7 C ROBUST 33 HIGH 0 D 0 SEVERE RISK CCC D- WEAK Snam Legend: Sector average 64
Slide 65: All-round Sustainable Strategy: a 7 pillars framework
All-round Sustainable Strategy: a 7 pillars framework energy to inspire the world Decarbonize the core business in line with Develop an energy transition our path to Net Zero, while partnering with platform to reach system's suppliers to promote the sustainability of the decarbonization and sustaina
Slide 66: Full scorecard aligned with the 7 pillars framework
Full scorecard aligned with the 7 pillars framework energy to inspire the world 2023 2024 2027 2023 2024 2027 KPIs Estimate Target Target KPIs Estimate Target Target • Avoided CO2 emissions (ktCO2e)1 702 105 500 • Employees engagement index (%) 84 >80 >80 Green transition • H2 readiness length of ne
Slide 67: Road to Carbon Neutrality
Road to Carbon Neutrality
Slide 68: Historical Scope1&2 emissions evolution
Historical Scope1&2 emissions evolution energy to inspire the world 76.37 74.48 Gas demand 72.66 71.30 (bcm) 68.69 Regulated perimeter 1,578 1,422 1,341 1,459 1,451 (ktons of CO2e) 1.600 1.200 800 400 0 2018 2019 2020 2021 2022 Scope 1 - Natural gas emissions Scope 1 - Emissions from combustion Scop
Slide 69: Scope 1+2 reduction targets and key levers
Scope 1+2 reduction targets and key levers energy to inspire the world Reduction of total natural gas emissions : 64.5% by 2027 SCOPE 1&2 TARGETS (ktons of CO2e) In line with 1.5° KEY LEVERS • ISO 50001 - Energy Management System to 1,451 improve energy performance -8% • Replacement of the gas-fuel
Slide 70: Scope 3 reduction targets and key levers
Scope 3 reduction targets and key levers energy to inspire the world SCOPE 3 EMISSIONS TARGET1 KEY LEVERS (ktons of CO2e) Supply chain emissions 1.5° / well below 2° • Inclusion of ESG criteria in tenders • Most significant suppliers (in terms of emissions) involved in the CDP Supply Chain questionn
Slide 71: Avoided emissions
Avoided emissions energy to inspire the world Activities related to the energy transition businesses (energy efficiency and biomethane) contribute to avoiding emissions that would otherwise be generated by other actors in the system Avoided CO2 emissions: 500 ktCO2e by 2027 SNAM ENERGY TRANSITION BU
Slide 72: Biodiversity & Regeneration
Biodiversity & Regeneration
Slide 73: Biodiversity at Snam today
Biodiversity at Snam today energy to inspire the world Biodiversity and Nature cover environmental topics beyond GHG emissions, such as land & sea use change and freshwater consumption, whose integrity is rapidly declining due to human-related activities that cause loss of biodiversity • Zero Net Co
Slide 74: Nature footprint analysis
Nature footprint analysis energy to inspire the world Infrastructure Transport & Off-shore On-shore Pressure Biomes Storage construction Dispatching regas. (FSRU) regassification Land and sea-use 1 No impact change Land (Km2) Based on most recent SBTN (Kg guidance (to be confirmed in Air Particulate
Slide 75: Biodiversity risk estimate
Biodiversity risk estimate energy to inspire the world Footprint Ecosystems Assessment Biodiversity risk land use change x = Baselining of projects impact Assessment of terrestrial Identification of hotspots with by Km2 of area occupied ecosystems integrity within the significant impact within high
Slide 76: Commitments & key actions
Commitments & key actions energy to inspire the world SBTN aligned SBTN aligned Scope Target formulation Key actions target actions as for SBTN Avoid • Zero Net Conversion already embedded in our operating model • Zero Net Conversion of natural with multiple initiatives in place ecosystem on all inf
Slide 77: Snam People
Snam People
Slide 78: Health & Safety
Health & Safety energy to inspire the world IpFG (Combined Frequency and Severity Index) < min. 3y by 2027 Frequency Index1 Severity Index1 IpFG2 0.58 0.58 0.67 0.65 0.48 0.60 1.06 0.49 0.94 0.47 0.86 0.32 0.30 0.59 0.38 0.05 0.05 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2017 2018 2019 2020
Slide 79: Welfare initiatives & Employees well-being
Welfare initiatives & Employees well-being energy to inspire the world • Employees engagement index: >80% in 2027 • Participation in welfare initiatives: 80% in 2027 Welfare initiatives 2023 Survey & main themes 1. Sustainable Engagement 30 welfare services organised into 5 main areas of interventio
Slide 80: Training
Training energy to inspire the world Initiatives to develop skills aligned with a constantly evolving work environment, such as the use of advanced technologies and innovative work procedures. Beyond the traditional role of skill dissemination, training aims to create awareness and empower employees
Slide 81: Diversity & Inclusion
energy Diversity & Inclusion to inspire the world Women in exec. and middle-mgmt. roles: 27.5% by 2027 Gender pay gap1 between +/- 5% by 2027 2020 • Policy Framework: spread the culture of diversity and equal opportunities, apply specific HR policies and metrics Achievement of UNI 125: to ensure fai
Slide 82: Engagement & Local Communities
Engagement & Local Communities
Slide 83: Local Communities
Local Communities energy to inspire the world Benefits for local communities over reg. revenues ca 1% Value released at local communities > € 1 bn Benefits for Local Communities (as 5 • Direct Liberalities, sponsorships and ~€3m % of regulated revenues) Value Released at Local Communities (€M) 4 com
Slide 84: Engagement with stakeholders in 2023
Engagement with stakeholders in 2023 energy to inspire the world 2023 Materiality Matrix Financial Investors engagement before and after the 2023 AGM community Roadshow and meetings with investors: 336 investors met • 3 workshops engaging specific stakeholders' categories (clients, suppliers, employ
Slide 85: Suppliers
Suppliers energy to inspire the world Involving Suppliers in the decarbonization journey, raising awareness about climate change, and supporting digital innovation contribute to promoting a shared model of sustainable development 3rd parties subject to procurement process on which reputational check
Slide 86: Snam Foundation
Snam Foundation energy to inspire the world “3P approach… Key 2023E indicators Energy Poverty A “3P” approach to fostering a Education Poverty ~ € 1.45 M Projects expenses & costs Just Transition Food Poverty 32,350 Beneficiaries …implemented through 3 levers” 93 Volunteering: donation of ~4,100 hou
Slide 87: Arbolia – A benefit company to develop new green areas in Italy
Arbolia – A benefit company to develop new green areas in Italy energy to inspire the world Benefit company established in 2020 by Snam and the Cassa Depositi e Prestiti Foundation, creates new green areas in Italy, contributing to the fight against climate change, improving air quality, enhancing l
Slide 88: Disclaimer
Disclaimer energy to inspire the world Luca Oglialoro, in his position as manager responsible for the preparation of financial reports, certifies pursuant to paragraph 2, article 154-bis of the Legislative Decree n. 58/1998, that data and accounting information disclosures herewith set forth corresp
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