Snam Spa (SNMRF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the College School Conference Operator. Welcome and thank you for joining the SNAM First Health 2025 Consolidated Results Conference Call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Did anyone need assistance during the conference call? Then make a signal and Operator will press install and zero on the telephone. At this time, I would like to turn the conference over to Francesca Pezzoli, Head of Investor Relations at SNAM. Please go ahead, Madam. Good afternoon, ladies and gentlemen, and welcome to the presentation of SNAM H1 2025 consolidated results, which were approved by the Board earlier today. Our presentation will be divided into three parts. First, SNAM's CEO, Agostino Scornaienchi, will share his opening remarks offering an overview of recent market developments, regulatory updates, and the main industrial and financial milestones achieved during the period. Luca Passa, NAMCFO, will then provide a detailed review of our financial performance. After that, Agostino will return for some closing remarks, followed by our Q&A session. With that, I'm pleased to hand over to Agostino. Thank you very much, Francesca. Good afternoon, everyone, and thank you for joining us today. This is my first call since my appointment as SNAM CEO in May. I'm honored to lead such a solid organization, which is a pillar of the energy system and plays a central role in ensuring energy security for our country and for Europe. I found a company with strong fundamentals and with people. Let me begin by highlighting a few key facts that underscore the central role of Italy's gas infrastructure. Here, we transport around 600 terabyte power of energy, twice the amount carried by the...