Half Year 2025 Snam SpA Earnings Call Transcript

Jul 30, 2025 / 02:00 PM GMT

Release Date Price: €5.05 (-0.55%)

Transcript

Key Points

Positve

Snam SpA (SNMRF) reported a 5.3% increase in adjusted EBITDA, driven by growing regulated revenues.
The company successfully issued its first US dollar multi-tranche sustainability bond, totaling $2 billion, completing its refinancing for the year.
Snam SpA (SNMRF) has made significant progress on its Adriatic line project, with 42% of the pipeline installation completed.
The company has increased its liquefied natural gas (LNG) imports, which now account for over 30% of Italy's gas imports, enhancing energy security.
Snam SpA (SNMRF) has a strong commitment to sustainability, with 32% of CapEx aligning with the EU taxonomy and 61% with SDGs.

Negative

Net debt reached €17.6 billion, reflecting the investments carried out and dividend payments.
The company faces a volatile geopolitical context, which could impact future operations and financial performance.
Snam SpA (SNMRF) has not yet revised its guidance despite positive results, indicating potential caution or uncertainty.
The company is conducting a thorough review of its portfolio, which may indicate potential divestitures or strategic shifts.
There are concerns about the stability of electricity systems and long-term perspectives in the energy sector.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SRG.MI - Snam SpA
Half Year 2025 Snam SpA Earnings Call
Jul 30, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. This is the school conference operator. Welcome and thank you for joining the first half 2025 Consolidated results conference call. As a reminder, all participants are in this mode. After the presentation, there will be an opportunity to ask questions.

Should anyone need assistance during the conference call, they might signal an operator present star and 0 on the telephone.

At this time, I would like to turn the conference over to Francesca Pezzali, head of investor relations at SAam. Please go ahead, madam.

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Unidentified_2 [2]
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