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Key performance indicators

The segment disclosure Natural gas transmission includes the values of the companies Snam Gas Network and Infrastrutture Trasporto.

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(€ million)

2016

2017

2018

Change

% change

(a)

Before consolidation adjustments.

(b)

More information concerning the adjusted result measures and related special items that are recognised at the consolidated level are provided in the chapter "Comment on the financial results - Non-GAAP measures".

(c)

At an actual basic pre-tax WACC of 5.4%, both for 2017 and 2018.

(d)

The data for 2018 were updated on 11 January 2019. The update of 2017 figures has been finalised, and figures are consistent with those published by the Ministry of Economic Development. With reference to 2018, gas volumes are expressed in standard cubic metres (SCM) with an average traditional higher heating value (HHV) conventionally of 38.1 MJ/SCM (10,572 Kwh/SCM).

(e)

For 2017 and 2018, the figure includes 84 km of network referring to the company Infrastrutture Trasporto Gas.

(f)

For 2017, the figure excludes the units “being conserved” in relation to the Gallese plant.

Total revenue (a)

2,035

2,039

2,118

79

3.9

- of which regulated revenue (a)

1,999

1,981

2,041

60

3.0

Total revenue net of pass-through items (a)

1,815

1,874

1,984

110

5.9

Operating costs (a)

469

452

479

27

6.0

Adjusted operating costs (a) (b)

469

441

462

21

4.8

Adjusted operating costs net of pass-through items (a)

249

276

328

52

18.8

EBIT

1,021

1,037

1,064

27

2.6

Adjusted EBIT (b)

1,021

1,048

1,081

33

3.1

Technical investments

776

917

764

(153)

(16.7)

- of which with a greater return

345

383

280

(103)

(26.9)

- of which with a basic return (c)

431

534

485

(49)

(9.2)

Net invested capital at 31 December

12,263

12,542

12,551

9

0.1

 

 

 

 

 

 

Natural gas injected in the National Gas Transportation Network (billions of cubic metres) (d)

70.64

74.59

72.82

(1.77)

(2.4)

Transportation network (kilometres in use) (e)

32,508

32,584

32,625

41

0.1

- of which national network (e)

9,590

9,704

9,697

(7)

(0.1)

- of which regional network

22,918

22,880

22,928

48

0.2

Installed capacity in the compression stations (MW) (f)

922

902

961

59

6.5

Employees in service at year end (number)

1,726

1,972

1,915

(57)

(2.9)
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