BAKU, Azerbaijan, Nov.29
By Leman Zeynalova – Trend:
In the period 2021-2025, Italian Snam expects to achieve sustainable growth of the main indicators, Trend reports with reference to the company.
This growth is set to accelerate further in 2030 thanks to the contribution of new investments, the company said.
The guidance on net profit for 2022 is substantially in line with that of 2021 with the same WACC. The plan assumes an impact on net profit for 2022 from the revision of the WACC of approximately € 85 million and on EBITDA of € 120 million.
The expected level of net financial debt at the end of 2022 is approximately € 14.8 billion, taking into account the investments planned for the year of € 1.5 billion, the absorption of working capital of € 0.3 billion, disbursement for the acquisition of TTPC / TMPC for € 0.4 billion and the positive contribution deriving from the optimization of the capital structure of an investee and the conversion of a convertible bond maturing next year for a total of € 0.6 billion.
The tariff RAB will reach 21.4 billion euros in 2022.
Snam has further strengthened its position as a leader in energy infrastructure at an international level over the past six years, with a diversified business portfolio and an established history of partnerships in various countries with industrial and financial operators.
As regards the current international subsidiaries (therefore excluding TTPC / TMPC), the average annual cash return on the initial investment from the acquisition to 2025 is expected to be approximately 10% for operating assets. About 2/3 of the invested capital will be repaid by 2025.
The company's investment strategy will be consistent with current criteria (maintaining the rating metrics and risk adjusted returns at least in line with those of the regulated activity in Italy) and with its positioning on ESG issues, enabling industrial opportunities on a contractual basis (without exposing yourself to commodity risk) or regulated.
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