Snam’s Board of Directors, chaired by Carlo Malacarne, yesterday approved the consolidated half-year report at 30 June 2016 (subjected to a limited audit) and the consolidated results for the second quarter of 2016 (unaudited).
Operating highlights
New regulatory period with adjustments to WACC from 1 st January 2016
Gas injected into the transportation network: 34.07 billion cubic metres (+4.0%)
Number of active meters: 6.525 million (6.518 million at 30 June 2015)
Available storage capacity: 11.8 billion cubic metres (+0.4 billion cubic metres compared with 30 June 2015)
Financial highlights
Regulated revenue: €1,644 million 1 (-€78 million; -4.5%); reduction due to WACC adjustment
EBIT: €867 million (-14.3%)
Net profit: €526 million (-14.1%)
Technical investments: €526 million
Free cash flow: €508 million
Significant events
Separation of Italgas from Snam approved on 28 June 2016 by Snam Board of Directors. The closing of the entire transaction, which is subject to certain conditions precedent being met, will likely take effect by 31 December 2016
The Snam Board of Directors proposed a share buyback programme to the shareholders’ meeting called for 1 August 2016 for up to 3.5% of Snam’s share capital for a maximum amount of up to €500 million over 18 months
San Donato Milanese, 29 July 2015 – The Snam Board of Directors, chaired by Lorenzo Bini Smaghi, yesterday approved the consolidated half-year report to 30 June 2015 (subjected to a limited audit) and the consolidated results for the second quarter of 2015 (unaudited).
Financial highlights
Total revenue: €1,837 million (+3.1%)
EBITDA: €1,434 million (+0.4%)
Net profit: €612 million (+9.1%)
Technical investments: €487 million
Free cash flow: €587 million
Operating highlights
Gas injected into the transportation network: 32.77 billion cubic metres, in line with the figure for the first half of 2014
Number of active meters: 6.518 million (5.911 million at 30 June 2014)
Available storage capacity: 11.4 billion cubic metres (unchanged compared with 30 June 2014)
Significant events
Completed on 9 July 2015 the activities relating to the revocation of the judicial administration order imposed on the subsidiary Italgas by the Court of Palermo on 11 July 2014
Approved on 22 June 2015 by the Snam Board of Directors the renewal of the Euro Medium Term Notes (EMTN) programme for the issuance of bonds worth a total of €12 billion, unchanged from the previous renewal of the programme
San Donato Milanese, 29 July 2015 – The Snam Board of Directors, chaired by Lorenzo Bini Smaghi, yesterday approved the consolidated half-year report to 30 June 2015 (subjected to a limited audit) and the consolidated results for the second quarter of 2015 (unaudited).
Financial highlights
Total revenue: €1,837 million (+3.1%)
EBITDA: €1,434 million (+0.4%)
Net profit: €612 million (+9.1%)
Technical investments: €487 million
Free cash flow: €587 million
Operating highlights
Gas injected into the transportation network: 32.77 billion cubic metres, in line with the figure for the first half of 2014
Number of active meters: 6.518 million (5.911 million at 30 June 2014)
Available storage capacity: 11.4 billion cubic metres (unchanged compared with 30 June 2014)
Significant events
Completed on 9 July 2015 the activities relating to the revocation of the judicial administration order imposed on the subsidiary Italgas by the Court of Palermo on 11 July 2014
Approved on 22 June 2015 by the Snam Board of Directors the renewal of the Euro Medium Term Notes (EMTN) programme for the issuance of bonds worth a total of €12 billion, unchanged from the previous renewal of the programme
San Donato Milanese, 30 July 2014 – The Snam Board of Directors, at yesterday’s meeting chaired by Lorenzo Bini Smaghi, approved the consolidated half-year report to 30 June 2014 (subjected to a limited audit) and examined the consolidated results for the second quarter of 2014 (unaudited).
Financial highlights
Total revenue: €1,782 million (+0.4%)
EBIT: €1,044 million (+2.4%)
Net profit: €561 million (+21.4%)
Technical investments: €526 million (+7.3%)
Operating highlights
Gas injected into the transportation network: 32.78 billion cubic metres (-5.0%)
Number of active meters: 5.911 million (5.915 million at 30 June 2013)
Available storage capacity: 11.4 billion cubic metres (unchanged compared with 30 June 2013)
Carlo Malacarne, Snam CEO, made the following comments on the results:
“In the first half of 2014 the EBIT growth of 2.4%, as well as the remarkable increase in net income of more than 21%, is the result of our continued focus on operating efficiency as well as the increasing contribution of associates and the on-going optimization measures in the cost of debt.
We remain committed to investing for profitable growth and value creation for our shareholders, confirming our selective capex plan”.
San Donato Milanese, 30 July 2014 – The Snam Board of Directors, at yesterday’s meeting chaired by Lorenzo Bini Smaghi, approved the consolidated half-year report to 30 June 2014 (subjected to a limited audit) and examined the consolidated results for the second quarter of 2014 (unaudited).
Financial highlights
Total revenue: €1,782 million (+0.4%)
EBIT: €1,044 million (+2.4%)
Net profit: €561 million (+21.4%)
Technical investments: €526 million (+7.3%)
Operating highlights
Gas injected into the transportation network: 32.78 billion cubic metres (-5.0%)
Number of active meters: 5.911 million (5.915 million at 30 June 2013)
Available storage capacity: 11.4 billion cubic metres (unchanged compared with 30 June 2013)
Carlo Malacarne, Snam CEO, made the following comments on the results:
“In the first half of 2014 the EBIT growth of 2.4%, as well as the remarkable increase in net income of more than 21%, is the result of our continued focus on operating efficiency as well as the increasing contribution of associates and the on-going optimization measures in the cost of debt.
We remain committed to investing for profitable growth and value creation for our shareholders, confirming our selective capex plan”.
Immediato, sostenibile, efficiente. Il gas naturale per la decarbonizzazioneSnam
Audizione su Atto n. 932 - Affare sui profili ambientali della Strategia energetica nazionale (SEN)
13° Commissione Territorio, Ambiente e Beni ambientali
Senato della Repubblica
L’evoluzione dei servizi commerciali nell’offerta di Snam Rete Gas @Forum UNI...Snam
Intervento di Daniele Gamba, Direttore Sviluppo, Commerciale e Rapporti con l’Autorità di Snam Rete Gas, in occasione della partecipazione al Forum UNI-CIG di Milano del 10 giugno 2014.
Presentazione illustrata nel corso dell'incontro con le Associazioni di Categoria sulle modalità e sulle tempistiche di pubblicazione e aggiornamento del Catalogo degli apparecchi domestici.
Klöckner & Co SE - Analysts' and Investors' ConferenceKlöckner & Co SE
Analysts' and Investors' Presentation for the 3rd quarter results on November 3, 2016
More at http://www.kloeckner.com/en/kloeckner-co-se-substantially-boosts-earnings-in-first-nine-months-of-2016.html
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
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6. 1H 2016 Highlights
6
REVENUES
€ 1,724 mn
-6.2% vs 1H 2015
EBIT
€ 867 mn
-14.3% vs 1H 2015
NET PROFIT
€ 526 mn
-14.1% vs 1H 2015
CAPEX
€ 526 mn
+8% vs 1H 2015
OP. CASH FLOW
€ 1.2 bn
+4.7% vs 1H 2015
NET DEBT
€ 14.2 bn
7. 7
Progress in the Demerger process
• Credit rating assigned to ITG Holding
• Financing commitments granted to Italgas
• Snam Lenders waiver obtained
• Snam Board of Directors approval of the demerger
• Snam Capital Market Day and roadshow
• Demerger Information Document published
• Snam Shareholder meeting to approve the demerger
• ITG Holding Board of Directors appointment
• Filing of listing documentation to Borsa Italiana and Consob
• Snam Bond Holders meeting for demerger consent
• ITG Holding CMD and Roadshow
• ITG Holding Listing
1 August
3rd quarter
By year end
3rd quarter
3rd quarter
4th quarter
ACCOMPLISHEDNEXTSTEPS
18. Operational Data
1H 2015 1H 2016 ∆ %
Transport Gas injected into the network (bcm) 32.8 34.1 +4.0
Gas pipeline network (km in operation) 32,354 32,444 +0.3
Storage Storage capacity (bcm)
•Modulation (*)
•Strategic
15.9
11.4
4.5
16.3
11.8
4.5
+2.5
+3.5
- -
Gas moved through storage system (bcm)
•Injection
•Withdrawal
11.96
4.76
7.20
11.42
4.88
6.54
-4.5
+2.5
-9.2
Distribution Gas distributed (bcm) 4.43 4.27 -3.7
Active Gas Metering at redelivery points (# million) 6.52 6.53 +0.1
18
(*) Available capacity.
19. 19
Snam’s Chief Financial Officer, Antonio Paccioretti, in his position as manager responsible for the preparation of financial reports, certifies
pursuant to paragraph 2, article 154-bis of the Legislative Decree n. 58/1998, that data and information disclosures herewith set forth
correspond to the company’s evidence and accounting books and entries.
This presentation contains forward-looking statements regarding future events and the future results of Snam that are based on current
expectations, estimates, forecasts, and projections about the industries in which Snam perates and the beliefs and assumptions of the
management of Snam.
In particular, among other statements, certain statements with regard to management objectives, trends in results of operations, margins, costs,
return on equity, risk management are forward-looking in nature.
Words such as ‘expects’, ‘anticipates’, ‘targets’, ‘goals’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, ‘seeks’, ‘estimates’, variations of such words, and
similar expressions are intended to identify such forward-looking statements.
These forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict
because they relate to events and depend on circumstances that will occur in the future.
Therefore, Snam’s actual results may differ materially and adversely from those expressed or implied in any forward-looking statements.
Factors that might cause or contribute to such differences include, but are not limited to, economic conditions globally, political, economic and
regulatory developments in Italy and internationally.
Any forward-looking statements made by or on behalf of Snam speak only as of the date they are made. Snam does not undertake to update
forward-looking statements to reflect any changes in Snam’s expectations with regard thereto or any changes in events, conditions or
circumstances on which any such statement is based.
The reader should, however, consult any further disclosures Snam may make in documents it files with the Italian Securities and Exchange
Commission and with the Italian Stock Exchange.
Disclaimer