Snam SpA (OTCPK:SNMRY)

$ 9.29 0.115 (1.25%) Market Cap: 15.58 Bil Enterprise Value: 32.76 Bil PE Ratio: 13.50 PB Ratio: 1.93 GF Score: 75/100

Q3 2019 Snam SpA Earnings Call Transcript

Nov 14, 2019 / 11:00AM GMT

Release Date Price: $10.03 (-1.86%)

Transcript

Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Snam 9 Months 2019 Results Conference Call. (Operator Instructions) At this time, I would like to turn the conference over to Ms. Alessandra Pasini, CFO of Snam. Please go ahead, Madame.

Alessandra Pasini

Snam S.p.A. - CFO, Chief International & Business Development Officer

Thank you. Ladies and gentlemen, good afternoon, and welcome to Snam's 2019 9 months results presentation.

In the third quarter of the year, we have continued to make good progress on our plan. Investments in our core business are in line with our full year budget in a regulatory environment, [whole] stability has been confirmed by the final resolution on the fifth regulatory period for storage business. The duration has been increased to 6 years and EBITDA has been confirmed.

Meanwhile, we further consolidated our Italian footprint with the agreement of our 49% of OLT, a company which has been built and manages the offshore regasification terminal located circa 22

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