energy to inspire the world
Snam 2030 vision
and
2021-2025 plan
29 November 2021
Snam has reshaped its business over the last six years
energy to inspire the world
New businesses
2016Today
BU H2
International associates | |||
Net profit: | €845m (1) | >€1,170m (+38%) | |
Capex: | €906m | €1,300m (+50%) | |
EPS: | €0.24 | €0.35 (+46%) | |
DPS: | €0.21 | €0.26 (+25%) | |
Employees: | 2,883 | 3,388 | |
Average age: | 50 | 44 | 10% H2 blending test in Contursi |
Org. levels: | 8 | 6 | Ca €70m efficiency plan target achieved |
1. Pro-forma adjusted. | €4.7bn of cash returned to shareholders through dividends and buybacks | ||
2 |
Snam is ready to deliver
Global leader in H2-ready transport network
~ 33,000Km of ~2,700Km of dedicated 100%
networkH2 network by 2030 Acquisition of TMPC/TTPC pipelines from Eni
Global leader in energy storage | |
17bcm of storage capacity (16% EU market share, | |
3.4% global market share) | |
worldthe | Tests confirm compatibility with H2 storage |
First acquisition abroad with dCarbonX signing | |
inspire | Green Energy Projects |
~200 people in H2, Biomethane and Mobility | |
to | Partnerships with industry leaders |
energy | |
Value creation through planned IPO | |
Key developments
Strong focus on ESG
Purpose included in the by-laws
Net-zero by 2040 scopes 1&2
New scope 3 target
Unparalleled execution capabilities
Consecutive year of projects delivered on time and on budget
Ability to work in partnership Successful partnerships across different countries and types of investors
Disciplined investment approach >70% TSR 2016-2021
Snam's assets and competences are essential to delivering the energy transition | 3 |
energy to inspire the world
2030 vision: | 2021 - 2025 | Closing |
Networks, Storage | Strategic | remarks |
and Integrated projects | Plan | |
The COP26 consensus: green gases are on the cusp of a revolution
energy to inspire the world
Green gas needed to
get to zero
- Net-zerocommitments from countries with ca 90% of global emissions
- Electrification to reach around 50% of final energy mix
- Green gases required to decarbonize hard-to-abatesectors; up to 1/3 of energy mix by 2050
Technology costs
falling
- Cost decline of hydrogen to accelerate to reach $0.5/kg by 2050 (BNEF)
- Supportive global policies and incentives for deployment at scale
Capex supercycle
coming
- Molecules accounting for major share of $150tn global capex needs by 2050
- $130tn capital committed by financial institutions to net zero
- $5tn avg. annual capex 2020-50,more than double vs current level
Pivotal role of infrastructure
- Green gas infrastructure as enabler of energy transition
- Integrated approach to optimize energy supply, achieve higher returns
Snam ideally positioned in the green gas supercycle | 5 |
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SNAM S.p.A. published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 14:10:07 UTC.