SNAM Natural gas for decarbonisation – 2016 Sustainability Report

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KEY OPERATING FIGURES
	2014	2015	2016
Natural gas transportation
Gas injected into the network (10⁹ m³)	62.25	67.25	70.63
Transportation network (km)	32,339	32,534	32,508
Average journey of gas in Italian transportation network (km)	404	419	582
Gas compression stations (no.)	11	11	11
Installed power in the gas compression stations (MW)	894	877	922
Liquefied Natural Gas regasification
Liquefied natural gas injected into the network (10⁹ m³)	0.01	0.03	0.21
LNG tanker loads (no.)	1	1	1
Natural gas storage
Gas injected into storage (10⁹ m³)	8.13	9.84	9.97
Gas delivered from storage (10⁹ m³)	7.57	9.74	10.03
Operational concessions (no.)	8	9	9

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KEY FINANCIAL FIGURES (*)

2014

2015

2016

(*)	For comments on the economic-financial results, see the annual report.

Financial and economic data

Total revenue (€ millions)

2,578

2,627

2,560

Adjusted EBIT (€ millions)

1,496

1,481

1,336

Adjusted net profit - continuing operations (€ millions)

723

863

826

Adjusted net profit (€ millions)

2,219

2,344

1,016

Net profit - continuing operations (€ millions)

692

796

591

Net profit (€ millions)

2,911

3,140

861

Technical investments (€ millions)

1,313

1,272

1,272

- Continuing operations (€ millions)

954

879

879

- Discontinued operations (€ millions)

359

393

393

Net capital invested at 31^st December (€ millions)

20,824

21,365

17,553

Shareholders’ equity at 31^st December (€ millions)

7,171

7,585

6,497

Net financial debt at 31^st December (€ millions)

13,652

13,779

11,056

Free Cash Flow (€ millions)

297

771

1,707

Added value produced (€ millions)

2,445

2,429

2,518

Added value distributed (€ millions)

1,907

1,831

1,917

Snam stock

Number of shares in share capital (millions)

3,500.6

3,500.60

Number of shares outstanding on 31^st December (millions)

3,499.5

3,470.70

Average number of shares outstanding during the year (millions)

3,384.7

3,499.5

3,496.80

Year-end official share price (€)

4.11

4.85

3.922

Average official share price during the period (€)

4.23

4.51

4.101

Market capitalisation (€ millions)

14,383

16,973

13,612

Dividends paid in the period (€ millions)

507

875

875

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MAIN DATA AND INDICATORS ON EMPLOYEES

2014

2015

2016

36 people were employed on staff leasing contracts in 2016

Total employees (no.)

2,948

3,005

2,883

Average headcount (no.)

3,019

2,984

3,026

Average age of employees (years)

46.8

46.6

46.1

Average length of service (years)

21.5

21.7

21.1

Employees by business segment

Corporate (no.)

706

715

785

Transportation (no.)

1,874

1,918

1,726

Storage (no.)

291

299

301

Regasification (no.)

77

73

71

Employees by grade

Executives (no.)

99

87

Managers (no.)

447

449

421

Administrative staff (no.)

1,689

1,736

1,651

Manual workers (no.)

713

721

724

Employees by type of contract

Permanent contract (no.)

2,713

2,779

2,631

Apprenticeship or internship contract (no.)

178

171

206

Fixed-term contract (no.)

0

1

Part-time contract (no.)

57

54

45

Employees by geographical area

North (no.)

2,194

2,242

2,169

Central (no.)

226

216

204

South and Sicily (no.)

527

544

506

Abroad (no.)

1

3

4

Employees by gender

Men (no.)

2,537

2,578

2,514

Women (no.)

411

427

369

Remuneration differential - women/men (executive grade)

0.90

0.93

1.02

Remuneration differential - women/men (management grade)

0.95

0.96

0.96

Remuneration differential - women/men (administrative staff grade)

0.88

0.89

Entries and Departures

Hired from the market (no.)

152

162

141

of which university graduates (no.)

74

75

73

of which high school graduates (no.)

78

86

66

of which women (no.)

31

32

35

of which men (no.)

121

130

106

Other new employees (non-consolidated companies, acquisitions, etc.) (no.)

6

4

36

Percentage of university graduates hired (%)

49

46

52

Departures in the year (no.)

223

68

53

Turnover (%)

12.6

7.7

6.4

Absenteeism rate (%)

4.2

4.3

4.6

Training

Training hours (no.)

82,458

87,620

82,184

Participants (no.)

8,738

10,203

10,396

Average training hours per employee (no.)

28.0

29.2

28.5

Executive training hours (no.)

4,442

2,744

2,940

Management training hours (no.)

11,141

11,143

10,021

Administrative staff training hours (no.)

41,441

41,763

31,072

Manual workers training hours (no.)

25,434

31,970

38,151

Average training hours delivered to men (no.)

29.1

30.9

30.2

Average training hours delivered to women (no.)

20.9

18.4

17.0

Training hours for health, safety and environment (no.)

20,064

24,305

19,288

Participation for health, safety and environment (no.)

3,184

4,117

3,484

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MAIN HSE DATA AND INDICATORS
	2014	2015	2016
Health and safety
Employee accidents (no.)	9	3	4
Employee accident frequency index	1.84	0.62	0.81
Employee accident severity index	0.11	0.03	0.04
Contractor accidents (no.)	15	8	5
Contractor accident frequency index	2.13	1.07	0.71
Contractor accident severity index	0.10	0.07	0.05
Employee and contractor accident frequency index	2.01	0.89	0.75
Employee and contractor accident severity index	0.10	0.06	0.05
Energy
Energy consumption (TJ)	8,331	9,087	10,957
Emissions
Natural gas emissions (10⁶ m³)	50.8	49.7	48.2
GHG scope 1-2-3 emissions (10³ t CO_2eq)	1,646	1,701	1,801
GHG scope 1 emissions (10³ t CO_2eq)	1,350	1,373	1,439
GHG scope 2 emissions (10³ t CO_2eq) - Location based	26	27	28
GHG scope 3 emissions (10³ t CO_2eq)	270	301	334
NO_x emissions (t)	465	400	434
CO emissions (t)	231	257	281
CO₂ emissions/energy used (kg/GJ)	54.1	54.3	55.0
NO_x emissions/energy used (kg/GJ)	0.056	0.044	0.040
Waste
Total waste production (t)	42,140	29,649	52,513
Non-hazardous waste production (t)	38,491	26,567	48,954
Hazardous waste production (t)	3,649	3,082	3,558
Waste recovered from production operations (%)	45	54	77
Water withdrawals and disposals
Freshwater withdrawals (10³ m³)	178	182	177
Freshwater disposals (10³ m³)	114	132	139
Seawater withdrawals (10³ m³)	4,000	4,000	4,000
Seawater disposals (10³ m³)	4,000	4,000	4,000
HSE Management
Environmental expenses (€ millions)	159.9	154.8	139.8
Health and safety expenses (€ millions)	41.0	37.5	47.9
Medical visits (no.)	1,210	1,270	1,561
Periodic medical visits (no.)	1,061	991	1,337
Diagnostic examinations (no.)	1,231	1,828	2,252
Total HSEQ audits conducted (no.)	217	203	212
Environmental surveys (no.)	386	203	172

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MAIN HSE DATA AND INDICATORS – BUSINESS SEGMENTS
	2014	2015	2016
Natural gas transportation
Health and safety
Employee accidents (no.)	7	3	1
Contractor accidents (no.)	11	7	4
Employee accident frequency index	2.23	0.97	0.32
Employee accident severity index	0.17	0.05	0.00
Contractor accident frequency index	1.84	1.13	0.65
Contractor accident severity index	0.08	0.05	0.05
Energy and Environment
Energy consumption (TJ)	4,153	4,278	5,824
CO_2eq scope 1 emissions (t)	810,408	883,826	921,954
Natural gas emissions (10⁶ m³)	37.2	37	34.6
Natural gas recovered (10⁶ m³)	3.0	3.6	4.5
NO_x emissions (t)	237	225	228
Energy consumption/compressed energy (%)	0.23	0.23	0.25
CO₂ emissions/compressed gas (kg/10⁶ m³)	5,941	5,805	6,023
Natural gas emissions/km of network (m³/km)	1,151	1,138	1,066
NO_x emissions /compressed gas (kg/10⁶ m³)	6.3	5.7	4.4
Average emissions of NO_x per turbine/total installed capacity ([mg/Nm³]/MW)	5.4	4.6	4.4
DLE turbine operating hours/Total turbine operating hours (%)	87	88	94
Liquefied Natural Gas regasification
Health and safety
Employee accidents (no.)	0	0	1
Contractor accidents (no.)	1	0	0
Employee accident frequency index	0	0	8.65
Employee accident severity index	0	0	0.66
Contractor accident frequency index	32.72	0	0
Contractor accident severity index	0.43	0	0
Energy and Environment
Energy consumption (TJ)	31	52	128
CO_2eq scope 1 emissions (t)	32,169	38,659	54,298
Natural gas emissions (10⁶ m³)	1.9	2.0	2.9
NO_x emissions (t)	0.3	1.1	5.5
Natural gas storage
Health and safety
Employee accidents (no.)	1	0	1
Contractor accidents (no.)	2	1	1
Employee accident frequency index	2.02	0	2.00
Employee accident severity index	0.01	0	0.11
Contractor accident frequency index	1.98	0.89	1.27
Contractor accident severity index	0.17	0.18	0.07
Energy and Environment
Energy consumption (TJ)	4,117	4,740	4,985
CO_2eq scope 1 emissions (t)	410,728	450,162	461,976
Natural gas emissions (10⁶ m³)	11.7	10.7	10.7
NO_x emissions (t)	227	175	201
Emissions of natural gas for storage/gas stored (%)	0.067	0.051	0.047
Emissions of NO_x/gas stored (kg/10⁶ m³)	28.0	17.8	20.1
Average emissions of NO_x per turbine/total installed capacity ([mg/Nm³]/MW)	6.2	5.6	5.4

Data and Performance Indicators