The business sectors in which the A2A Group operates are as follows:

• Energy Sector
  This sector’s activity is selling electricity and natural gas on wholesale and retail energy markets. The sales and marketing areas have the support of other activities involved in fuel procurement, power plant planning and dispatching, portfolio optimization and trading on domestic and foreign markets.
• Heat and Services Sector
  This sector’s activity is mainly selling the heat and electricity produced by the cogeneration plants (mostly) owned by the Group. Cogenerated heat is sold through district heating networks. The sector also provides services, such as managing district heating plants owned by third parties (heat management services) and facility management.
• Environment Sector
  This sector’s activity relates to the whole waste management cycle, from collection and street sweeping, to treatment, disposal and recovery of materials and energy. In fact, this sector’s activity includes the recovery of the energy content in waste by means of refuse WTE (Waste-To-Energy) or biogas plants.
• Networks Sector
  This sector’s activity includes managing networks for the transmission and distribution of electricity and for the transport and distribution of natural gas, as well as running the entire Integrated Water Cycle (water captation, aqueduct management, water distribution, sewer network management, water purification).
  • View A2A Group structure
  • View A2A Group plants and networks 

The name “A2A” is a symbolic synthesis of the name Adda, the river from which derives the industrial wealth of AEM Milano and ASM Brescia. “A” is also the first letter of the name of the two companies. A2A’s logo symbolizes an energy explosion from two suns.
For further details, go to page: Brand and Identity

A2A is listed on the Italian Stock Exchange (Borsa Italiana) and is a member of the FTSE Mib (Blue Chips) and in the FTSE Italia All-Share Utilities super-sector index.

The code is an ISIN (International Securities Identification Number).

For A2A shares the ISIN code is IT0001233417.

The updated price of A2A stocks on the financial market is available on the homepage of our website and (with further details) at the following page QUOTATION

The two main shareholders are the Municipality of Milan and the Municipality of Brescia. For further details about other relevant shareholders, go to page SHAREHOLDING

At the moment there are 4 bonds, 3 placed on the market, 1 purchased by an institutional investor. For further details please go to the page BONDS

A2A peers are the main listed utilities that operate in the energy sector on a national or on a local basis: the former are Enel and Edison, the latter Acea, Hera, Iren, Acegas, Ascopiave and Acsm-Agam.

The release date of results (quarterly and annual) is shown in the FINANCIAL CALENDAR

The financial and industrial objectives are publicly disclosed when the BUSINESS PLAN is approved

The main information about the debt breakdown and maturity can be found on our website at the following page: DEBT

The rating of A2A is available at the following page: RATING

PricewaterhouseCoopers S.p.A. carries out the full audit of A2A Financial Statements on basis of a nine-year appointment (2007-2015) by the Shareholders Meeting.

A2A quarterly and annual reports are compliant with the IAS/IFRS reporting rules. The "International Financial Reporting Standards" (IFRS) are a set of international reporting rules, ratified by the European Commission, that Companies with securities listed on regulated markets of Member States of the European Union are required to adopt for their consolidated financial statements starting in 2005.

Given the number of shares currently in circulation (3,105,987,668 shares, taking account of 26,917,609 treasury shares in portfolio), the distribution of the ordinary dividend 2010 of Euro 0.060 amounts in total to Euro 186,359,260.08 entirely taken from net income 2010. The distribution of the non-recurring additional dividend of Euro 0.036 amounts in total to Euro 111,815,556.05, (Euro 97,499,928,62 from net income 2010 and Euro 14,315,627.43. from other reserves)

  For any other information about the 2010 dividend: Press release 16 june 2011 A2A Spa: Shareholder's meeting

For 2010 the dividend per share is equal to 0.096 € (pay-out ratio equal to 97%).

To view the historical series of dividends, go to page DIVIDENDS

The Management Board formulated the proposal to distribute a dividend for ordinary shares equal to 0.06 euros, corresponding to a pay out around 60%. The company is oriented to adopt the same percentage also in the next years. 

In consideration of the extraordinary positive results connected to the disposal of non-strategic shareholdings, this year the Management Board will also submit to the Shareholders' meeting the proposal for an additional not recurrent dividend equal to 0.036 euros per ordinary share.

Dividends no longer attract any tax credit and, depending on who the recipient is, they may be subject to withholding tax at source or, in part, contribute towards taxable income.

A2A adopted the two – tier system, a newly model in the domestic market.

The main characteristic of this model is a clear distinction of roles and responsibilities between shareholders, Supervisory Board and Management Board. In detail:

• Supervisory Board
  appointed by shareholders
  appoints and supervises management
  authorizes strategic decisions

• Management Board
  appointed by Supervisory Board
  manages A2A Group
  For further information go to the section CORPORATE GOVERNANCE

The Supervisory Board and the Management Board are appointed for three years. The current mandate will last up to the AGM planned for 2012.

For further details:

• Press Releases: A2A Spa: Shareholder's meeting
• Press Releases: The Supervisory Board appointed the members of the Management Board

Pursuant to article 25 of the company’s By-Laws, the Supervisory Board has set up the following three Committees, determining its powers and the rules for its functioning:

• Internal Control Committee
• Appointments Committee
• Remuneration Committee.

Moreover, pursuant to Supervisory Board Regulation, the Supervisory Board has deliberated the establishment of the Corporate Donations Committee.
For further details press release: The Supervisory Board appointed the members of the Management Board

As laid down in A2A By-Laws, the company holds one compulsory Shareholders’ General Meeting per year. The Annual General Meeting is called by the Management Board, after consulting
the Chairman of the Supervisory Board, within 120 days (or 180 days under certain circumstances) after the end of the fiscal year.

You can find information on when the AGM is held in the Financial Calendar.

The Notice of Annual General Meeting, is published, 30 days before the Meeting, both in the Italian Republic Gazette and in “Il Sole 24 Ore” newspaper.

It is also sent to Consob (the market regulator) and to the Italian Stock Exchange. The Notice of AGM is available at the page : INFORMATIVE REPORT

Only the shareholders whose holding has been certified to A2A by the depositary broker at least 2 days before the AGM are legitimate to participate. When the AGM takes place the shareholder has to show a copy of that certification. The shareholder can also give someone else a proxy, as allowed by the article 2372 of the Italian Civil Code: in the latter case the person has to show a copy of the certification, the proxy and the identity card.

Morever, financial analysts, journalists and guests can participate in AGM, under authorization, as listeners with no voting rights.

A2A key competitive advantages are described below.

• BALANCED BUSINESS MIX
  
  • High diversification between deregulated and regulated businesses
  • Capital employed spread among different business areas with a sound risk/return model
  • Balanced exposure to external factors (GDP, weather conditions, etc.)
     
• FLEXIBLE AND ENVIRONMENT-FRIENDLY POWER PRODUCTION  
  
  • Primary role in “environmentally sustainable” energy production and services
  • Cost-based competitive advantage vs. market peers
  •  Power plants characterized by low emission rates
      
• MULTI-UTILITY IN NORTHERN ITALY
  
  • Long-lasting presence in Northern Italy, richest area of the country, with a multi-business approach
  • Strong customer loyalty
  • Primary player in all “local” businesses managed
     

The key strenghts of A2A business units are described below.

ENERGY

• Generation/Fuel procurement:
  1) diversified and flexible fuel mix
  2) consolidated experience in plant operations
  3) large scale renewable productions
  4) efficient and low environmental impact portfolio assets
  5) industrial partnership with upstream player (i.e. Gazprom)
   
• Energy management
  1) consolidated activities on main power and environmental markets
  2) growing presence in Europe
  3) effective risk management presidium
   
• Sales & Marketing
  1) strong presence in Northern Italy with long-lasting relationships with customers/citizens
  2) flexible offer
   

DISTRICT HEATING

• Clean and cutting-edge technology (e.g. heat pump)
• Diversified technology/fuel mix (cogeneration, biomass, etc.)
• Tariff customisation
• District cooling option
   

WASTE

• Higher value/technology for waste treatment and disposal (e.g. Waste to Energy, Mechanical Biological Treatment)
• Expansion abroad by leveraging on innovative A2A systems and international partners
• Full integration along the value chain
   

NETWORKS

• High service quality
• Good continuity of electricity and gas distribution services
• Efficient customer care
• E-billing system
• Focus on costs
• Focus on new technologies

The main instruments of Sustainability adopted by A2A are: the Chart of Values, the Code of Ethics, the Quality, Safety and Environment Policy and the Sustainability Report.

For further information please go to the section: SUSTAINABILITY 

A2A IR team has created a mailbox for the contacts with investors ir@a2a.eu.

In order to receive the price sensitive press releases of A2A, a press alert system has been set up. To subscribe, please go to the page: Press Alert

The main financial documents are available on our website. They may also be obtained, on request, through e-mail (ir@a2a.eu).