Strategy and Objectives

We aim to maximise the value created resulting from the backlog, which consists of projects awarded yet not completed, through impeccable execution, focused on the integration of our expertise and the optimisation of our assets.

30 B€ - Record high backlog

We want to leverage our unique capabilities in E&C Offshore and Onshore and drilling to continue to win larger integrated projects. This approach allows us to offer comprehensive and customized solutions to clients and consolidate our reputation and position as leaders in the sector.

≈ 20% - Expected contribution of One Saipem projects to 2024-2027 revenues

Operational and financial flexibility means maintaining a capital light approach on vessels management, rationalizing our global footprint, maintaining a sound capital structure and strong financial discipline, with the objectives of being more resilient to potential market downturns.

≈ 270 M€ - Run rate cost reduction target

We aim at strengthening our commercial focus on Offshore Wind but also CCUS, blue and green hydrogen, ammonia, and subsea robotics and at further developing a portfolio of other innovative, sustainable and low-carbon emitting technologies.

16 B€ - Expected order intake in “low & zero carbon” projects

Our objective is to distribute 30% to 40% of our cash flow, sharing with our shareholders a tangible portion of the value we create, whilst, at the same time, maintaining flexibility to further invest in the energy transition.

30% - 40% of free cash flow (post leases) to be paid in dividends.