Presentazione Piano Strategico di Italgas 2018-2024. Graphic Design: www.gosmarty.it

10. 31 31 26 29 29 30
75
70
62
68
71
75
Distribution Industrial Power gen
Transport (CNG+LNG) Other sectors High scenario
Low scenario Residential outlook

11.  ↓
 ↓

 ↑
 ↑







12. Res&Comm Industry&Power Gen
Transportation Other








13. 34.4%
Other
EROGASMET
CENTRIA
AP RETI GAS-ASCOPIAVE
IRETI-IREN
UNARETI-A2A
INRETE DISTR. ENERGIA-HERA
2I RETE GAS
ITALGAS 3.9%
Other
EROGASMET
CENTRIA
AP RETI GAS-ASCOPIAVE
IRETI-IREN
UNARETI-A2A
INRETE DISTR. ENERGIA-HERA
2I RETE GAS
ITALGAS
Other
EROGASMET
CENTRIA
AP RETI GAS-ASCOPIAVE
IRETI-IREN
UNARETI-A2A
INRETE DISTR. ENERGIA-HERA
2I RETE GAS
ITALGAS 27.2%

14. 730
430
220
2000 2005 2016 >2020E

22. 2017E Capex Grants,
disposal, etc
Allowed
depreciations
Inflation M&A 2024E

23. 










24. 





26. Portopalo
~ ~

28. ~

29. 







30. 








31. Italgas is
outperforming
ARERA target by
year end 2018
58%
(1)



33. 





36. 











38. 
















39. 



42. 







43.   

45. 

46. 
~ ~30

47. 2017E Capex Grants,
disposal, etc
Allowed
depreciations
Inflation M&A 2024E Tenders 2024E



48. 






49. 




50. 


 Robust and resilient cash flow generation
 Sound credit profile well positioned in a solid
investment grade area
0%
5%
10%
15%
20%
2018 2019 2020 2021 2022 2023 2024
40%
45%
50%
55%
60%
65%
70%
75%
80%
85%
90%
2018 2019 2020 2021 2022 2023 2024

51. 4.8 € bn
Total Committed
Credit Facilities and Bonds
Italgas Net Debt Structure
As of March 31st, 2018
 



52. 



2024 OUTLOOK
with tenders

55. 
