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Snapshot of 2022

We continued to grow in 2022. Our results were achieved with the contribution of all our people, who combined change with innovation and improvement.  

 

2022 Highlights

Consolidated economic and financial highlights¹

1,537.3 Ml €
Adjusted total revenues
+12.1% compared to 2021
1,082.7 Ml €
Adjusted EBITDA
+7.3% compared to the 2021 result
622.8 Ml €
Adjusted EBIT
+6.8% compared to the 2021 result
395.7 Ml €
Adjusted net profit attributable to the Group
+7.6% compared to the 2021 result
814.3 Ml €
Investments
€ 865.1 million in 2021
571.7 Ml €
Cash flow from operating activities²
€ 831.9 million in 2021
6,000.1 Ml €
Net financial debt³
€ 4,985.9 million on 2021
5,928.1 Ml €
Net financial debt (excluding the effects of IFRS 16)⁴
€ 4,915.9 million on 2021
€ 0.317 per share
Proposed dividend
+7.5% compared to the dividend paid in 2022

Operating highlights⁵

413 K
New smart meters installed
to replace traditional meters
+537 km
Distribution network in operation
for an overall length of approximately 81,309 km
2,044 municipalities
Municipalities with gas distribution service concessions
(1,898 as at 31 December 2021)

Sustainability highlights⁶

Italgas for the future of the planet

141.2 10³ tCO₂eq
Scope 1 and 2
-12.1% on 2021
90.5 sm3/km network
Fugitive emissions
-15.2% on 2021
137.5 10³ tCO₂eq
Scope 3 supply chain
-6.6% on 2021
472 TJ
Net energy consumption
-21% on 2021
7,961.3 Ml sm3
Volumes of gas distributed
-10.4% on 2021
97.6%
Sending of waste produced by the Group
0.06
Energy intensity⁷
in line with 2021
94.5%
Sending of waste produced by contractors for recovery
0.087%
Gas leakage rate⁸
in line with 2021

Italgas for the future of people

24.7%
Women in positions of responsibility
as compared with 22% in 2021
17.8%
Women in the company
as compared with 16.4% in 2021
129,700 hours
Training delivered
+15.4% on 2021, of which 33,155 for topics relating to digitisation

Italgas for a sustainable future together

SMEs and start-ups
Innovative companies considered for possible collaborations related to digitisation, technological innovation, energy efficiency, security and sustainability of Group processes
40% about
Strategic suppliers for sustainability involved and trained on ESG issues
Notes

1 For the economic and financial analyses for the financial year 2022, the company considered it more representative to comment on the adjusted results, i.e. the recurring results, comparing them with the adjusted recurring results for the financial year 2021.

2 Net of the effects deriving from IFRS 15.

3 The item does not include liabilities for € 34.8 million consisting of the pro-rata share of the shareholder loan to Italgas Newco S.p.A, subordinated and convertible into shares, subscribed by the shareholder Phaeton Holding SA, deemed not to be financial debt. In accordance with CONSOB Communication no. DEM/6064293 of 28 July 2006, the net financial debt including the effects of this shareholders' loan as well as the effects of IFRS 16 payables is presented in the Notes to the Consolidated Financial Statements and amounts to € 6,034.9 million. See paragraph 5.2.4 Reclassified Statement of Financial Position.

4 The item expresses net financial debt excluding the effects of IFRS 16 payables and the Italgas Newco shareholder loan. See paragraph 5.2.4 Reclassified Statement of Financial Position.

5 Considering the Affiliates over which Italgas does not exercise control.

6 Highlights in reference to the Italian scope.

7 Calculated as the ratio of total Group energy consumption and gas distributed.

8 Volume of fugitive emissions of natural gas/volume of gas distributed