Italgas turns to Microsoft Cloud Computing for digitalizing networks and processes.

Milan, March 28, 2018Italgas, Italy’s leading company in the natural gas distribution sector and Europe’s third largest operator, officially announces its collaboration with Microsoft on a digital transformation project focused on Cloud Computing. As part of the 2017-2023 Industrial Plan, Italgas has, in fact, developed an innovation program that is unique in the gas sector and focuses on digitalizing assets and processes, on Industrial IoT and on dematerialization and automation.

At the heart of this plan is the cloud strategy and the decision to migrate the data center onto Microsoft Azure, as well as adopting the Office 365 productivity platform. The ambitious plan, now in its start-up phase, will be completed by August 2018, with the aim of managing the entire Italgas system in accordance with innovative criteria designed for achieving the highest levels of efficiency and flexibility.

Together with its subsidiaries, Italgas employs more than 4000 people, manages a network of around 66,000 Km – 7.5 million users served in 1600 municipalities – and has decided to turn to the public Cloud, preparing a new Infrastructure as a Service, migrating its previously on-premises applications and IT assets and setting up a new cloud-connected network. The reason for choosing Microsoft Azure is also because of its widespread availability – 140 countries and 17 languages – and the $14 billion investment that Microsoft dedicates to its global data center infrastructure to make it consistently reliable and state-of-the-art.

Microsoft’s public cloud platform offers massive computational and storage capacity that is suitable for managing the needs of a complex network and for supporting the company in a path of flexible growth, responding in a scalable way to the foreseeable peaks in demand associated with tendering for services assignment and optimizing IT costs. All of this comes with an assurance of security in terms of business continuity, a strategic element in a crucial sector such as that of energy, but also from the point of view of privacy, in line with the new European General Data Protection Regulation. Azure’s interoperability moreover ensures compatibility with the heterogeneous IT environment within Italgas, safeguarding previous investments in a logic of sustainable innovation. Azure was also chosen because of its capacity to support the company’s technological evolution, enabling the development of innovative solutions in the areas of Analytics, IoT and Big Data. In the long term, once the migration process is complete, Italgas could infact benefit from the functionality of remote monitoring and predictive maintenance and will, overall, be capable of further improving the quality of its service thanks to a more effective use of its data heritage.

Again, to increase efficiency and achieve operational excellence, another key element of Italgas digital transformation is the adoption of the cloud productivity platform Office 365, that will involve over 3,000 users by August. An opportunity to empower people and introduce a new way of collaborating keeping with the times. In a sector where working outside the office is common, Office 365 will make it possible to access data and applications securely, anywhere and at any time, contributing, with a greater empowerment of all the organization’s members, on the company’s journey towards growth.

Moving all our applications to the Cloudsays Francesca Vergara Caffarelli, CIO of Italgasis a key step in the digitization process that we are undertaking. In addition to the immediate benefits of increasing efficiency and reliability, it allows us to have access to all of Microsoft’s new technologies, both now and in the future, and to create the technological base required for transforming the corporate processes through the use of innovative technologies”.

We are proud to be working with a company like Italgas: innovation is an important component of the company’s strategic plan and we are certain that, thanks to the networks and processes’ digitization through the cloud, Italgas will be able to increase its efficiency and competitiveness. We hope that such an advanced digital transformation project in the world of Oil&Gas will inspire other companies, contributing to the socio-economic development of the country. Cloud computing can naturally make a difference in this way, by optimizing the processes, allowing flexible management of networks, facilitating the safe exchange of data and enabling new forms of collaboration and productivity. Opting for the Cloud means looking to the future and being ready to seize the new prospects associated with the Industrial IoT and Artificial Intelligence,says Vincenzo Esposito, Head of Enterprise Commercial Division, Microsoft Italy.

Shareholder’s Meeting: 19 April 2018

The ordinary and extraordinary session of the Shareholders’ Meeting of Italgas S.p.A. (“Italgas” or the “Company”) is called, in a single call, for 19 April 2018, at 10.00 a.m., at the offices of CDP S.p.A., in Milan, Via San Marco, 21/A, to discuss and resolve upon the agenda of which at the Notice of Shareholders’ Meeting.

The Company has designated Georgeson S.r.l. as the entity (“Designated Representative”) to which shareholders may confer proxies free of charge.

Italgas acquires ESCo Seaside and enters the energy efficiency sector

Milan, 13 March 2018 – Italgas has completed today the acquisition of 100% of Seaside, one of Italy’s main Energy Service Companies (ESCo) at the forefront in digital services offering thanks to its division specialized in Big Data, Business Intelligence and Machine Learning.
Seaside is certified according to the UNI CEI 11352 Standard, based in Bologna and serving a customer base of over 400 clients in Italy operates in different sectors: from large industry to SMEs, from service providers to public administration.
The overall valuation of the Seaside assets (enterprise value) has been set at 8.5 million euros.
Established in 2010, over the last two years Seaside has experienced a growth trend that has more than doubled its productivity indicators. The Company estimates that the financial year 2017 will close with revenues of about 13 million euro and an Ebitda of about 2.6 million euro.
The Chief Executive Officer of Italgas, Paolo Gallo, commented as follows:

 

The acquisition of Seaside, as we announced in the 2017-2023 Business Plan, responds to the strategic decision of having a specialized know-how in the field of energy efficiency. The inclusion of the company in the Italgas Group will bring important benefits. In addition to the availability of a portfolio of innovative projects capable of generating energy savings, Italgas will also be able to offer local communities efficiency initiatives at the moment of the gas tenders. After the presentation of the 2017 financial statements yesterday, with the acquisition of Seaside Italgas confirms its commitment to invest in development and technological innovation in order to offer a better service to the country’s system and to all customers”.

Italgas: Board of Directors calls the Shareholders’ Meeting on 19 April 2018

Milan, 12 March 2018 – Italgas’ Board of Directors, which met today chaired by Mr. Lorenzo Bini Smaghi, has convened the Ordinary and Extraordinary Shareholders’ Meeting on 19 April 2018, in a single call, to resolve, (i) in the ordinary session, on the approval of the 2017 financial statements, allocation of profits, the remuneration policy, the 2018-2020 co-investment Plan and the appointment of a Director; and (ii) in the extraordinary session, on a free share capital increase, for a maximum amount of 4,960,000 euros, for Italgas S.p.A and/or the Group subsidaries’ employees, as well as on the amendment to article 13 of the Company Bylaws concerning the procedures for electing the members of the Board of Directors through the slate voting system.

In particular, the Board of Directors resolved to propose to the Shareholders’ Meeting the distribution of a dividend of € 0.208 per share. The dividend will be paid on 23 May 2018, while the ex-dividend date will be 21 May 2018 (record date 22 May 2018).

The Board will submit to the Shareholders’ Meeting the proposal for free share capital increase for a maximum nominal amount of 4,960,0000 euros, through the allocation of a corresponding maximum amount taken from the retained earnings reserve on the basis of article 2349 of the Italian Civil Code, with the issuing of no more than 4,000,000 ordinary shares to be reserved exclusively for the beneficiaries of the Plan, i.e. Italgas S.p.A and/or the Group subsidaries’ employees.

The Board of Directors will submit to the Shareholders’ Meeting the confirmation of Ms Federica Lolli as Independent Director, who was co-opted by the Board of Directors on 27 July 2017 in replacement of Ms. Barbara Borra following her resignation.

The Board of Directors also selected Georgeson as the person chosen by the Company – in accordance with art. 135-undecies of the CLF – to whom shareholders may confer proxies, at no additional expense, to participate in the Meeting.

Finally, the Board of Directors carried out its own control and evaluations in accordance with application criteria no. 1.C.1 letter g) of the Corporate Governance Code and furthermore assessed the independence of its Directors, pursuant to art. 148, subsection 3, of Legislative Decree no. 58/1998.

The Board of Statutory Auditors verified that all its members met the independence requirements specifiedin application of the Corporate Governance Code.

The 2017 Annual Financial Report, the 2018 Remuneration Report, the information document on the co-investment Plan, the Corporate Governance and Share Ownership Report 2017 and the non-financial statement will be available for further reference according to law.

Conference call 2017

On Monday, March 12th, 2017 Paolo Gallo, CEO and Antonio Paccioretti, General Manager presented 2017 Full Year Results.

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