Italgas numbers

Annual Results

Reclassified financial statements for 2015 and 2016
(€ million) 2015 "Consolidated Gas Distribution" 2016 "Consolidated Gas Distribution" 2016 "Consolidated Pro-forma"
Total revenue 1,098 1,080 1,079
Operating costs (356) (407) (417)
- of which special items 40 15 23
Adjusted Gross Operating Margin (adjusted EBITDA) 782 688 685
Amortisation, depreciation and impairment losses (273) (326) (326)
Adjusted EBIT 509 362 359
Net financial expenses (48) (165) (167)
Net financial costs net of special items (48) (46) (48)
Net income from equity investments 29 20 20
Adjusted pre-tax profit 490 336 331
Income tax (110) (73) (70)
Net income tax net of special items (145) (110) (110)
Adjusted net profit 345 226 221
Reclassified statement of financial position as at 7 November 2016 and 31 December 2015
(€ million) Consolidated 07.11.2016 Consolidated 31.12.2016 Change
Fixed capital 4,810 4,793 (17)
Net working capital (60) (9) 51
Provisions for employee benefits (125) (121) 4
Assets held for sale and directly related liabilities 18 19 1
NET INVESTED CAPITAL 4,643 4,682 39
Shareholders’ equity (including minority interests) 0
- attributable to the Group 1,131 1,063 (68)
- attributable to minority interests 1 1 0
1,132 1,064 (68)
Net financial debt (cash) 3,511 3,618 107
COVERAGE 4,643 4,682 39

Interim Results

Reclassified financial statements
(€ million) I H 2016 I H 2017
Total revenues 516 565
Operating costs (196) (175)
EBITDA 320 390
Amortisation, depreciation and impairment (142) (186)
EBIT 178 204
Net financial expenses (29) (18)
Net income from equity investments 10 11
Pre-tax profit 159 197
Income tax (45) (57)
Net profit 114 140
Reclassified statement of financial position
(€ million) 31.12.2016 30.06.2017
Fixed capital 4,793 4,832
Net working capital (9) (11)
Provisions for employee benefits (121) (120)
Assets held for sale and directly related liabilities 19 19
NET INVESTED CAPITAL 4,682 4,720
Net equity (including third-party shareholder interests)
- attributable to the Group 1,063 1,038
- pertaining to third-party shareholders 1
1,064 1,038
Net financial debt (cash) 3,618 3,682
COVERAGE 4,682 4,720