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

Snam SpA Strategy Plan Call (2021-2025) Transcript

Nov 29, 2021 / 02:00PM GMT

Release Date Price: $11.26 (-0.66%)

Transcript

Marco AlverÃ

Snam S.p.A. - CEO & Director

Ladies and gentlemen, good afternoon, and welcome to our strategy presentation. Over the last 6 years, we've reshaped Snam in 4 main ways. We've made Snam simpler, leaner and faster. We've removed organizational layers up to 4 in certain areas. And we've hired or acquired 1,396 new colleagues that bring new excellent skills, particularly in green energy. Great people are going to be a key scarce resource in the race to zero. Second, we've enhanced the value of our assets and secured their role in the energy transition. Snam has taken the leadership on hydrogen readiness, designing and carrying out tests for both transport and storage and future-proofing our assets and investment plans.

Third, we have expanded our playing field, launching new ventures in hydrogen, biomethane, energy efficiency and sustainable mobility. Fourth, we've expanded our geographical footprint. The assets we've acquired have enabled us to establish partnerships with key investors and energy companies to generate superior returns and provide opportunities for additional growth

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