The year 2018 was one in which many investors demonstrated active interest for the first time in ENAV’s Corporate Social Responsibility (CSR), based on the principle of the long-term sustainability of the Company’s business, with a specific focus on social, environmental and governance matters.

ENAV has consistently placed great deal of attention on its relations with shareholders, the financial analysts and the financial community in general, establishing shortly before its listing on the Mercato Telematico Azionario operated and managed by Borsa Italiana on 26 July 2016, the Investor Relations department in order to manage, in a continuous and effective way, these relations.

The opportunities for dialogue are many: conference calls, meetings, financial conferences and roadshows. In these events, the management team (typically the Chief Executive Officer and the Finance and Procurement Officer, together with the Head of Investor Relations) present to the financial community the main results for the period (quarterly, half-yearly, annual), business trends and strategy guidelines and is available to answer the questions received from the individual participants.

A dedicated mailing list is also available to the financial community through which the company periodically communicates its relevant financial news, as well as a dedicated e-mail address, through which it answers questions asked by investors or financial analysts in the event of new business activities or particular market trends. All the economic and financial information related to the Group, as well as the main share performance indicators and the analysts’ opinions, are published in a dedicated Investor Relations section of the site www.enav.it.

In the period January – December 2018, ENAV had over 300 interactions with institutional investors, mostly during roadshows organised both at the ENAV premises (headquarters, ACC and Control Towers), and at the locations of individual investors in Italy, in Europe, in Australia and in the United States. The remaining contacts were held through the company’s participation in financial conferences and through conference calls with investors. In addition to investor relations, ENAV maintains frequent contacts with financial analysts covering the stock (so-called “sell-side”). The 10 analysts who covered ENAV stock in 2018 come from major Italian and foreign brokerage firms, some of whom specialise in infrastructure firms, and periodically publish reports and updated analysis of ENAV’s activities, performance and financial position.

Finally, the year 2018 was one in which many investors demonstrated active interest for the first time in ENAV’s Corporate Social Responsibility (CSR), based on the principle of the long-term sustainability of the Company’s business, with a specific focus on social, environmental and governance matters. ENAV has been proactive in this area, involving investors in its stakeholder engagement initiatives and participating in Environmental, Social & Governance (ESG) conferences and financial events. For 2019, ENAV aims to further expand opportunities for interaction and meeting with the financial community using various occasions such as roadshows, participation in financial conferences and conference calls, in line with the best market practices. During 2019, the company also aims to broaden its investor base by focusing on investors based in geographical areas not reached during the IPO and on investors with a medium-long term investment perspective, including in terms of ESG sustainability or focused on the infrastructure sector.