2018 Third Quarter Results

Italgas Top Management presents 2018 Third Quarter Results.
Conference Call for the presentation of results to the community will be on Monday, November 5th 2018 at 02:00pm CET.


Italgas announces Moody’s decision to downgrade its rating to Baa2, stable outlook

Milan, October 23, 2018 – Italgas announces that, following the downgrade announced by Moody’s Investor Services of the Government of Italy’s bond rating to Baa3 with stable outlook from Baa2, a corresponding action has also been taken on the Company’s long-term rating, downgraded to Baa2 with stable outlook from Baa1, in consideration of the connection attributed with respect to the sovereign credit rating.

The rating agency highlights Italgas’s strategic position, the leadership in the gas distribution sector in Italy and its fully regulated revenues, together with a solid liquidity position and a limited exposure to the volatility risk in the financial markets, that allow the Company’s ratings to be positioned one notch above the rating of the sovereign.

Italgas: the Italian Prime Minister visits the Milan headquarters and the Digital Factory

Milan, 14 October 2018 – The Italian Prime Minister, Giuseppe Conte, has visited today the Italgas headquarters in Milan together with the Company’s Chief Executive Officer, Paolo Gallo.

The meeting was also attended by the President of the Lombardy Region, Attilio Fontana, the State Under Secretary for Regional Affairs, Stefano Buffagni, and the Chairman of Cassa Depositi e Prestiti, Massimo Tononi. The visit was an opportunity to illustrate to the Prime Minister the characteristics of gas distribution sector, its development perspectives, the challenges of innovation and the strategies of Italgas.

Paolo Gallo has retraced the main pillars of Italgas 2018-2024 Strategic Plan, which provides for investments of 5.6 billion euros; a plan that has among its main targets the consolidation of the sector, in which today there are more than 200 operators, mostly small and very small, which will see Italgas as a leading actor

In addition, the other major challenge of the Strategic Plan is the technological innovation to which Italgas has allocated 800 million euros for the digitization of the network and processes; a project that will produce major improvements in terms of infrastructure management, efficiency and quality of service.

The Prime Minister has visited the new spaces dedicated to technological innovation (“Digital Factory”) where multifunctional teams will develop new IT solutions in Agile and Time-Boxed mode aimed at transforming business processes. This new workplace will involve Italgas staff and will give hospitality and opportunities to the ecosystem of small and medium-sized companies that want to develop, with the support of the company, highly innovative technologies and tools. Italgas confirms its position as a leading company in the European scenario of gas distributors and as a reference model also in the field of innovation.

«In the last two years – said Paolo Gallo – Italgas is going through an extraordinary change: since its return to the Stock Exchange it has been able to initiate major organizational, technological and cultural transformations. We are investing in people and innovation and today’s visit by the Prime Minister is not only an honour, but for me and the 4,000 people of Italgas it is also a significant demonstration of trust and a confirmation of the merit of the work we are carrying out».

Changes to Italgas’ calendar of corporate events

Milan, 12 October 2018 – Italgas announces a change to the 2018 calendar of corporate events communicated to the market on last 25 January. In particular, the press release relating to the 2018 Third Quarter Report, instead of 6 November 2018, will be issued on 5 November 2018, at the end of the meeting of the Board of Directors; on the same day, at 2:30 PM, the conference call will be held to present the results to investors and financial analysts.

Outdoor Investor Day – On the evening of the 5th and the morning of the following 6th November in Venice, investors and financial analysts will have the opportunity to meet the Company’s top management and visit some of the infrastructures of the Venice gas distribution network. Any informative material distributed to investors and analysts attending the event will be promptly available on www.italgas.it.

The 2nd edition of the “White Energy Week” was unveiled

Bologna, 10 October 2018 – Today saw the presentation of the second edition of “White Energy Week”, theinnovative course of Alternanza Scuola-Lavoro created by Seaside (Italgas Group company) in cooperation with the ENEA and the Regional School Office of Emilia-Romagna. The project aims to transmit to young people a culture of energy efficiency and good practices of environmental sustainability while simulating real “trades of the future” such as the Energy Manager, collecting and analyzing data on energy consumption in their homes.

For the edition linked to the 2018/2019 school year, the project will be extended to the whole Emilia-Romagna region, involving 10 schools in Bologna – the city where the first edition was held – and another 10 schools in the other provinces of the region. In addition, during the school year the project will also be extended to some schools in Sardinia and Molise, reflecting the growing national awareness of the importance of sustainability and energy efficiency.

For the 2018/2019 edition, scheduled from 4 to 8 March, a preparation kit for the “White Energy Week”will be distributed to all classes involved, consisting of an information sheet on energy efficiency, indications on the methodology to be applied for correct data collection and a questionnaire on consumption habits.

In addition, during the “White Energy Week” students will practice the collection of relevant information such as energy, economic and environmental data obtained through the installation, in the homes of some families, of a monitoring device capable of providing, through an app, the consumption data of the building and the real time effects of energy efficiency initiatives taken; data that will be analyzed by applying advanced computer systems, such as the predictive analytics software Savemixer.

At the end of the week of school-work alternation students will be further involved through the creation of a Gamification portal, an innovative way of learning that through games and skill tests on efficiency issues will allow students to practice and earn points , on the basis of which rankings between students and high schools will be created.

The first edition of the project ended with more than 300 students involved and the realization of 80 energy diagnoses of houses of as many families who had the opportunity to better understand the nature of their energy consumption and the importance of a conscious approach to building efficiency. In particular, 52% of households participating in the project have already taken both behavioural and technological measures to reduce energy consumption, while 40% said they intend to do so in the near future.

Learn more about Seaside and White Energy Week

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