Sisma 2016 – 140 computers donated by Italgas to Abruzzo schools

Civitella del Tronto (Teramo), 23 September 2019 – Just a few days after returning to the desks, the program for schools in the areas affected by the 2016 earthquake, promoted by the Extraordinary Commissioner of the Government with the collaboration of Italgas, which donated 1,500 computers for the creation of new computer classrooms to implement the school training offer, is back on track.

Symbolic the choice of the Istituto Comprensivo Civitella-Torricella as the venue for the delivery ceremony of the 140 computers intended for schools in Abruzzo: Civitella del Tronto is in fact among the historic villages most affected by the earthquake of 2016.

The initiative, which is part of the protocol signed last December, was illustrated by the Government’s Extraordinary Commissioner, Piero Farabollini, and Italgas’ Head of Institutional Relations and Regulatory Affairs, Nunzio Ferrulli, in the presence of many local mayors and administrators, representatives of the Abruzzo Regional School Office and the school heads of the target schools.

For the Italgas group the project, now in its penultimate stage, is part of a wider program of activities dedicated to the communities and territories where the company is present and operates, with the intention of creating value by offering concrete support to the new generations and more generally to families.

“The objective of reconstruction is also to allow the re-establishment of communities and to do this we must necessarily focus on the young people who must bear witness to it – recalls Commissioner Farabollini – With the Italgas donation, thousands of young people and their families can see the synthesis between memory and future through the medium that connects them par excellence. These computers ideally represent the cultural and social relay needed to look forward with renewed hope. They are a symbol of that network made up of technicians, administrators, politicians and companies that embody the will to do well so that the children connected to the world with these tools remain deeply connected to their mother earth.

“A few days before the start of the new school year – commented Italgas CEO Paolo Gallo – we are pleased to be able to reaffirm our commitment to the territory and the communities served. Even today we want to offer concrete support to young people, school leaders and teachers for the development of curricula that can integrate and deepen issues such as digitization and technological innovation, which are now central to the world of work. Alongside our constant commitment to the continuous improvement of the quality and safety of our services, we want to support the reconstruction of the areas affected by the earthquake by focusing on the new generations and the development of skills and knowledge”.

To date Italgas has distributed 1,160 of the 1,500 computers for the areas affected by the 2016 earthquake. After Lazio, Marche and Abruzzo, the last stage will be in October in Umbria.

1.500 PCs donated to the areas affected by the earthquake: Italgas completes the delivery program

With the Norcia stopover, all the computers for the institutes in the areas affected by the 2016 earthquake were distributed.

Donate 1,500 PCs to schools in the areas affected by the 2016 earthquake in Lazio, Umbria, Marche and Abruzzo. This is the objective of the agreement signed by Italgas with the Government’s Extraordinary Commissioner for the Central Italy Earthquake, which today comes to an end with the delivery of the last personal computers to Norcia, after those already entrusted to schools in Lazio, Marche and Abruzzo.

 

How the project of PC donation in schools was born

 

The initiative, which concerns secondary education schools, was presented to the Chamber of Deputies in December 2018 by the extraordinary commissioner for the earthquake Piero Farabollini and Italgas CEO Paolo Gallo, who on the occasion had stressed that in the municipalities affected by the earthquake the company has worked “from the outset to contain the difficulties resulting from the earthquake. The work done in Ussita, Camerino and many other municipalities – he recalled – has allowed citizens to get gas back into their homes in a short time, reducing inconvenience as much as possible. By donating these computers we will contribute to the creation of computer classrooms, offering a concrete tool to boys and girls”. The project thus comes to a conclusion in less than a year, testifying to the commitment to the territory that has always distinguished the work of Italgas, which has in its DNA, as well as one of the objectives of its Corporate Social Responsibility strategy, that of contributing to the growth and social and cultural development of the communities in which it operates.  

 

Interventions for areas affected by the earthquake

 

After identifying the areas and institutes to which computers should be donated in collaboration with the commissarial structure and the mayors of the area, Italgas began with the distribution of the PCs. This initiative is part of a wider context of activities planned to support the territory, with the intention of creating value by offering concrete support to the new generations and families in general. The company has in fact planned investments of 120 million euros for the maintenance and security of its distribution networks in the earthquake-stricken areas of Lazio, Abruzzo, Marche and Umbria, especially with a view to preventing the consequences of earthquakes.

 

Previous steps

 

Before the stage of Norcia 140 PC for the creation of computer classrooms had been delivered by Italgas to the institute including Civitella-Torricella on behalf of the Abruzzo schools in September 2019, just days before the start of the new school year. The ceremony was attended by many of the mayors and administrators of the area, as well as representatives of the regional school office and the school heads of the schools receiving the donations. The choice of the school in which to symbolically deliver the PCs to the schools in the area was not accidental, since Civitella del Tronto was one of the areas most severely affected by the earthquake in Central Italy in 2016.

Previously, in May, it had happened the delivery to schools in the Marches during a ceremony at the Municipal Theater of Treia, while the first PCs had been delivered in December 2018 to schools in Rietiin Lazio.

Digital and sustainability drive Italgas accounts

The Board of Directors approves the results for the first nine months of 2019. All indicators are growing. CEO Paolo Gallo: “We combine 180 years of history with a start-up approach.”

The third quarter 2019 closed for Italgas with all financial indicators in positive. A particularly important result considering that the period July-September is the eleventh consecutive period in which the company led by Paolo Gallo manages to make progress in all the main items, starting from revenues and profits. All this is guided by two “cardinal points” that, among others, the company has set itself with the 2019-2025 strategic plan: digitization and sustainability. This is certified by the company’s Board of Directors, which met under the chairmanship of Alberto Dell’Acqua, and which together with the Italgas quarterly report approved the consolidated results for the first nine months of the year.   “11 consecutive quarters of growth, double-digit increases in EBIT and net profit demonstrate Italgas’ ability to combine the solidity of a company with over 180 years of experience, a start-up approach to promote innovation and a great attention to costs”, says Paolo Gallo, CEO of Italgas.

Focus on smart meters and digitization

The program to replace meters with “smart meters”continues: from January to September, 1.5 million meters were installed, for a total installed fleet of 6.2 million new generation meters, which now represent 73.1% of the total installed meters, considering the companies in which the Group has an interest. The Roadmap foresees that the replacement will be completed in 2020.

“The digital transformation – explained Gallo – remains our main objective: the Digital Factory, one year after its start-up, has already produced several digital solutions that are changing the way we manage our network with a significant improvement in the quality of service”.

Methanization in Sardinia

Work is continuing on the island to install the distribution networks, an activity that has so far generated around 600 new jobs. At the end of September the worksites were started in all the basins under concession to the Group, for more than 18 thousand requests for new connections.  “The Sardinia project has obtained institutional recognition with the forthcoming entry into the shareholding structure of the Sardinian company of the Marguerite Fund, a high-profile European investor – stresses CEO Paolo Gallo -. On the island we have already laid over 300 kilometres of ‘native digital’ networks, the most modern in the country, with considerable interest from residents and businesses, a sign of the great expectation on the part of the territory: in the coming months we will begin to supply the first users with natural gas”.

Attention to sustainability

The results are linked to a double thread for Italgas with an ever-increasing commitment and a renewed awareness of sustainability issues. It is precisely this strategy that has allowed the stock to be confirmed in the FTSE4Good Index Series and to enter the Dow Jones Sustainability Index Worldfor the first time, which indicates on a global scale the ability of companies to measure themselves against sustainability in all its aspects. Italgas is the only Italian utility in the gas distribution sector included in DJSI World, as well as the third in the world together with the Spanish Naturgy and the Japanese Osaka Gas.

Data at a glance

Looking quickly at the figures on consolidated results, total revenues amounted to 916.9 million euro, up 3.7%, with Ebitda (gross operating margin) up 5% to 660.7 million euro. As for technical investments, they amounted to 495.3 million euros, up 41.9%: “They continue to increase with growth that will take us to over 700 million at the end of the year – adds Gallo – Maintenance, development and digitization of the network are our 3 pillars”.

Considering the distribution network, the data including the investee companies show that there were 1,822 municipalities under concession for the gas distribution service in September 2019, with 7.617 million active meters and an infrastructure of 71 thousand kilometres.

Forecasts for the end of the year

Before the end of the year Italgas will be engaged in some international events to present its activity to investors all over the world. Starting from the sixteenth edition of the “London Conference” organized by Kempen in the capital of the United Kingdom, which has in its mission to “bring together capital with ideas” through a series of one-to-one talks between investors and senior management of the participating companies. Then, at the beginning of December, it is finally planned to participate in another event of the same kind in Australia, in Sydney.

At the operational level, Italgas plans to continue its investment plan for the digitization of the grid, the installation of “smart” meters and the methanization of Sardiniain the coming months. The company also plans, as already indicated in the Strategic Plan 2019-2025, to participate in the tenders for the award of the natural gas distribution service. Moreover, after the acquisitions in 2018, development initiatives by external lines will continue throughout 2019, which will make it possible to strengthen the territorial presence and the growth of the business perimeter.

Italgas: consolidated results of the first nine months and of the third quarter 2019 approved

Milan, 7 November 2019 – The Board of Directors of Italgas has met today under the chairmanship of Alberto Dell’Acqua and approved the consolidated results for the first nine months and the third quarter of 2019.

 

Key figures

Consolidated economic and financial highlights:

  • Total revenues: € 916.9 million (+3.7%)
  • EBITDA: € 660.7 million (+5.0%)
  • EBIT: € 376.9 million (+12.9%)
  • Net profit: € 262.6 million (+16.0%)
  • Technical investments: € 495.3 million (+41.9%)
  • Cash flow from operating activities: € 528.8 million
  • Net financial debt: € 3,978.2 million

Operating highlights including affiliates:

  • Municipalities in gas distribution concessions: 1,822
  • Number of active meters: 7.617 million
  • Gas distribution network: around 71,000 Km

For the 11th consecutive quarter, Italgas has improved all the main indicators, with double-digit growth for EBIT and Net Profit, showing its ability for continuous improvement.

With organic investments of € 495.3 million made in the period (+41.9%), Italgas continues to develop and modernise its networks and to implement their digital transformation. Around half of this sum was devoted to maintain and extend the network (258 km of new pipelines against 136 km in the corresponding period of 2018).

With 1.5 million smart meters installed, the replacement of all traditional meters continues, bringing the number of operational smart meters as at 30 September 2019 to around 6.2 million (corresponding to 73.1% of total meters, also considering affiliates).

The installation of the smart meters, which will be concluded in 2020, is part of a wider transformation project, whose objective is to digitalise the entire network. With regard to said project, in 2019, the technological upgrade of around 400 networks will be completed, in addition to the 50 upgraded in 2018.

In Sardinia, the construction of distribution networks continues well on track, and has generated around 600 new jobs. As at 30 September, with worksites operational in all of the Areas under concession to the Group, over 300 kilometres of network has been laid, and more than 18,000 applications for new connections have already been requested.

The requirements related to net investments for the first nine months of 2019 were fully covered by the net positive cash flow from operating activities, equal to € 528.8 million, with a Free Cash Flow – before M&A activities – of € 135.8 million.

The net financial position as at 30 September 2019 was € 3,978.2 million (€ 3,814.3 million as at 31 December 2018) net of financial payables pursuant to IFRS 16 of € 68.6 million (€ 49.9 million as at 31 December 2018).

The operating profit (EBIT) for the first nine months of 2019 amounted to € 376.9 million (+12.9% compared to 30 September 2018) and net profit was € 262.6 million (+16.0% compared to the same period of the previous year).

The development and growth confirmed by the economic and financial results are also due to the commitment and the increasing awareness of the issues of sustainability. The company’s stock was reconfirmed in the FTSE4Good Index Series and, for the first time in its history, the company was included in the Dow Jones Sustainability Index World, which evaluates the ability of enterprises to tackle the most important issues of sustainability on a global level. Italgas is the only Italian utility company in the gas distribution industry included in the DJSI World, the third in the world with the Spanish Naturgy and the Japanese Osaka Gas.

Paolo Gallo, CEO of Italgas, commented:

«11 consecutive quarters of growth, double-digit increases for EBIT, +12.9% and Net Profit, +16% in the first nine months of 2019 demonstrate Italgas’ ability to combine the solidity of a company with over 180 years of experience with a start-up approach to promote innovation, while keeping costs under control. A company model based on environmental, social and economic sustainability criteria, which enabled us to be included, for the first time in our history, in the Dow Jones Sustainability Index World. Investments continue to rise, +40% against last year, an increase that will see us exceeding € 700 million at year end: maintainance, development and digitization of the network are our 3 pillars. The Sardinia project obtained institutional recognition as the Marguerite Fund, a high profile European investor, is close to enter in the shareholder capital of the Sardinian company. We have already laid over 300 kilometres of “native digital” pipeline on the island, the most modern in the country, receiving considerable interest from residents and businesses, a sign of the great expectations of the local community: in the next few months we will start to supply natural gas to the first customers. The acquisition of a majority shareholding in Toscana Energia will enable us to provide even more support to our affiliate in facing the challenges of tenders and digital transformation. Digital transformation continues to be our primary objective: just 1 year from its start-up, the Digital Factory has already produced a wide number of digital solutions that are changing the way we manage our network, with a significant improvement in service quality».

Changes to Italgas’ calendar of corporate events

Press Release of Financial statement at September 30, 2019

Milan, 6 November 2019 – Italgas announces that the issue of the press release concerning the approval of the interim report as at 30 September 2019 has been rescheduled from 8 to 7 November 2019, following its approval by the Board of Director. As a result, the conference call to present the results to institutional investors and financial analysts will be held at 5:30 p.m. tomorrow.

2019 Third Quarter Results

Italgas Top Management presents 2019 Third Quarter Results.

Conference Call for the presentation of results to the community will be on Thursday, November 7th 2019 at 05:30 pm CET.

FOLLOW THE PRESENTATION LIVE >>

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