Integrated Annual Report 2021
1,370.8 ML
Adjusted total revenue
+2.8% compared to 2020
1,008.9 ML
Adjusted EBITDA
+4.1% compared to the 2020 result
583.2 ML
Adjusted EBIT
+6.2% compared to the 2020 result
367.7 ML
Adjusted net profit2
+6.0% compared to the 2020 restated
result (+6.5% before restatement)
865.1 ML
Investments
€775.7 million in 2020
831.9 ML
Cash flow from operating activities3
€746.6 million in 2020
4,980.0 ML
Net financial debt4
€4,736.5 million on 20203
4,910.0 ML
Net financial debt4 (excluding the effects of IFRS 16)
€4,660.2 million on 2020
Proposed dividend of
0.295 €
per share
an increase of 6.5% compared to
the dividend paid in 2021
1 For the economic and financial analyses for the financial year 2021, 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 2020.
2 Adjusted net profit refers to the adjusted amount attributable to the Italgas Group, net of the portion attributable to minority interests.
3 Net of the effects deriving from IFRS 15.
4 At 31 December 2021, net financial debt reported in the Directors’ Report did not consider liabilities for € 5.6 million due to Conscoop, consisting of shareholder loans disbursed by it to Isgastrentatrè, later incorporated into Medea, insofar as they were considered part of the deferred purchase price settlement.
Installed
868.6 thousand
new smart meters
installed to replace traditional meters
+1,339 km
Distribution network in operation
for an overall length of approximately 74,400 km
1,898
Municipalities with gas distribution service concessions
1,887 as at 31 December 2020,
of which 1,822 operating
1,804 as at 31 December 2020
5 Considering the affiliates over which Italgas does not exercise control.
160.7
103 t CO2e Scope 1 e 2
-7.3% on 2020
8,886.68 ML
volumes of gas distributed (cubic metres)
+4.8% on 2020
0.067
energy intensity6
-4.3% on 2020
0.087%
Gas leakage rate7
-13.0% on 2020
106.7
Fugitive emissions/km network
-10.3% on 2020
0.081 gNOX
Grams of pollutants per km
travelled by the car fleet
same as 2020
0.0003
Grams particulate
-18.3% on 2020
1.07
Employee and contractor
accident frequency index8:
with 1.41 in 2020
22%
women in po sitions of responsibility
with 16.7% in 2020
16.4%
women in the company
with 15.1% in 2020
112,379
total hours of training provided
+48.0% on 2020
of which 24,832 for topics
relating to digitisation
2,247.2 ML
economic value directly
generated by the Group
+6.7% on 2020
of which 1,681.1 ML
distributed to stakeholders
+8.0% on 2020
163
new suppliers assessed using
environmental criteria
+13.9% on 2020
6 Calculated as the ratio of total Group energy consumption and gas distributed.
7 Volume of fugitive emissions of natural gas/volume of gas distributed.
8 Frequency index: number of injuries recorded / million hours worked.
