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

14th

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.