A leading Italian business Group with 3.4 billion aggregate revenues and employees

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2 HIGHLIGHTS A leading Italian business Group with 3.4 billion aggregate revenues and employees The fourth-largest toll road operator in the world One of the leading players in major infrastructure works with strategic focus on developing the greenfield concessions business The Group started a growth process with focus on its core business (construction and concession) on the international markets 2

3 PROFILE 3

4 KEY NUMBERS billion 2015 aggregate revenues Employees Direct employees Indirect employees 1,460~ km 3,320 km Fourth-largest toll road operator in the world The main toll road operator in north-west Italy 1,860~ km Through the joint-controlled Ecorodovias, Gavio Group is the third motorway operator in Brazil 4

5 GROUP STRUCTURE GAVIO FAMILY Other fields of activity Transportation and Logistics Shipbuilding Power Generation and Distribution Insurance Brokerage Aurelia Argo Finanziaria ASTM Listed on the italian stock exchange Engineering Construction SIAS Listed on the italian stock exchange IGLI Large-scale infrastructure and civil construction works Maintenance Information Technology Motorway companies Car Parks Ecorodovias Concessões & Serviços S.A. Construction and maintenance of roads Electronic plant and equipment for motorway concessionaries IT outsourcing ~1,460 km of network In Italy (and 84 km in UK) Car Park management under concession 5

6 TOLL ROAD CONCESSIONS 6

7 TOLL ROAD CONCESSIONS The Gavio Group consolidated a solid track record in road and toll road concession Today Gavio Group is the fourth-largest toll road operator in the world with a network of approximately 3,320 km. Gavio Group is the main toll road operator in north-west Italy, with approximately 1,460 km of roads under concession In Brazil the Group, through the co-control of Ecorodovias manages approximately 1,860 km of roads in Brazil 7

8 TOP MOTORWAY NETWORKS UNDER CONCESSION After the acquisition of co-control in Ecorodovias 1 Vinci Autoroutes include: ASF, Cofiroute, Escota, Arcour; as at February 2014 Source: Bloomberg; Company presentation; McKinsey Research 8

9 TOLL ROADS IN ITALY The Gavio Group is the leading toll road operator in north-west Italy with approximately 1,460 km of network under concession, in an area with among the highest per-capita income in Europe. All toll roads managed by the Gavio Group are located along major European infrastructure corridors and strategic routes identified by the EU to improve the mobility of people and road/railway freight. 9

10 OUR NETWORK IN ITALY NEW AWARD: AUTOSTRADE CENTROPADANE TE Total: ~1,460 km SAV SITRASB SATAP A4 BreBeMi SATAP A21 The main toll road operator in north-west Italy SITAF ATS ATIVA ASTI-CUNEO CISA Subsidiaries consolidated line-by-line Equity investment ADF SALT Concessionaire Route Km SATAP A4 Turin - Milan A21 Turin - Piacenza SALT Sestri Levante - Livorno, Viareggio - Lucca and Fornola - La Spezia Subsidiaries Equity investments ADF Savona - Ventimiglia CISA La Spezia - Parma (and junction to Brenner motorway) 182 SAV Quincinetto - Aosta 59.5 ATS Turin - Savona ASTI-CUNEO Asti-Cuneo (partly under construction) 78 ATIVA Turin ringroad, Turin - Quincinetto, Ivrea - Santhià and Turin - Pinerolo SITAF Frejus tunnel, Turin - Bardonecchia 94.0 SITRASB Gran San Bernardo tunnel 12.8 TE Milan external ringroad 32 BreBeMi Brescia - Bergamo - Milan

11 NETWORK IN BRAZIL: ECORODOVIAS In May 2016 the Gavio Group finalized the acquistion of co-control in Ecorodovias, one of the largest player in the infrastructure sector in Brazil focused on toll road concessions and logistic assets. The transaction represents a significant step on the development process and geographical diversification fostered by Gavio Group, projecting on a more international scale and implementing the strategy of the Group in the construction works and concessions market. The brazilian market shows significant growth increase in on a long term basis and represents a platform to implement our business in Latin America. 11

12 TOLL ROADS IN BRAZIL: ECORODOVIAS Ecorodovias s portfolio comprises 1,858 km of toll road concessions, one logistics platform (Elog) and one port asset (Ecoporto) in seven different Brazilian states, located along the main trade corridors in the south and south-east regions Geographic Footprint Goias Minas Gerais Belo Horizonte Beltway Espirito Santo Sao Paulo Rio De Janeiro Parana Rio Grande Do Sul Highlights 1,858 km of roads under concession All assets are operational (except BH Beltway) million equivalent paying vehicles (2014) Ecoporto located in Port of Santos, the largest in LatAm Elog is the main player in the customs segment Geographic footprint covers 2/3 of Brazilian GDP, 1/2 of the country s population, and 1/2 of all Brazilian cargo imported and exported 67,9% GDP 1 Population 1 56,1% 44.0% Cargo Transported using Ecorodovias network 2 (1) Considers the GDP and population of the states within the geographic footprint (2) Share of volume of Brazilian cargo imported and exported through Ecorodovias toll roads influence zone in 2013 (i.e. does not include Ecoponte) SOURCE: IBGE 2014 and Brazilian Ministry of Development, Industry and Foreign Trade 12

13 OUR NETWORK IN BRAZIL Belo Horizonte Beltway Concessionarie Route Km Ecovias dos Imigrantes Sao Paolo Port of Santos 177 Ecopistas Sao Paolo Vale do Rio Paraiba 135 Ecovia Comiho do Mar Curitiba Port of Paranagua 137 Ecocataratas Paranà Triple border (Brazil, Argentine, Paraguay) 387 Ecosul Pelotas Porto Alegre Port of Rio Grande 457 ECO101 Macuri / BA Rio de Janeiro 476 Ecoponte Rio de Janeiro - Niteroi 23 Belo Horizonte Beltway Belo Horizonte (1) 66 Totale 1,858 (1) In costruzione 13

14 CONSTRUCTION 14

15 CONSTRUCTION: ITINERA The Gavio Group is active in the construction industry through Itinera, one of the leading Italian construction companies by size, revenues and backlog. Itinera is one of the main players in the construction of large infrastructures and civil engineering projects with strategic focus on developing the greenfield concessions business. Itinera operates worldwide, especially in the following areas: Eastern Europe, Southern Africa, North Africa, the Middle East and Latin America. 15

16 CONSTRUCTION: KEY NUMBERS million (2015) Revenues 3.8 billion Backlog (as at December 31, 2015) 2,900 direct and indirect employees 100+ km tunnels built 1,000+ km roads and railways built 16

17 CONSTRUCTION: BUSINESS AREAS Motorways and Railways Tunnels and Underground Works Dams and Maritime Works Civil and Industrial Buildings, Airports, Ports and Hospitals Toll Road Maintenance Pre-cast Buildings 17

18 ENGINEERING 18

19 ENGINEERING Design is a key issue for operators in the transport and mobility sector. The Gavio Group entrusts these activities to its own specialist technical companies SINA and SINECO which have an excellent track record domestically and internationally. SINA develops, studies, designs and directs new projects or major modernization programs for existing works. SINA has also specific skills in tunnel safety and surveillance systems. SINECO has specific expertise in infrastructure inspection and environmental monitoring systems. 19

20 FREIGHT TRANSPORT, PORTS AND LOGISTICS 20

21 FREIGHT TRANSPORT, PORTS AND LOGISTICS The Gavio Group is a leading player in the freight transport, ports and logistic sectors thanks to a widespread presence in Italy. The Group s network includes companies operating in the following areas of expertise: Road Transport International Transport Rail Transport Ports Inland Ports Logistics Centres 21

22 ROAD TRANSPORT The Gavio Group has successfully been operating in road transport for over 60 years and is now among the Italian leading players in the industry. Notably, the Group is the leading carrier of oil products in north-west Italy, working for all major oil companies. Employees Tractors and trailers Operations bases ~1,400 3,

23 PORTS AND LOGISTICS The Gavio Group has several intermodal and logistics centers for freight handling and integrated services. The Group manages warehouse space and structures in major Italian ports such as Genoa, Trieste, Civitavecchia and Taranto, as well as inland ports and logistics centers. The Group also builds handling and exchange centers where goods can be transported using different means of transportation. Our locations now represent one of the best logistics networks in Italy, located along the TEN-T European infrastructure corridors. 450,000 m ,000 m km Warehouses Logistics areas Harbour docks 23

24 PORTS AND LOGISTICS Novara Logistics center CIM Mortara (PV) Logistics center Trieste General Cargo Terminal Lungavilla (PV) Logistics center Bio Tortona-Rivalta (AL) Inland port Rivalta Terminal Europa Logistics center Appia Savona Inland port VIO Lacchiarella (MI) Logistics center Milano Logistica Taranto Logistics platform Taranto Logistica Genova Terminal San Giorgio La Spezia Inland port Logistica tirrenica Civitavecchia Port terminal and logistics area 24

25 INFORMATION TECHNOLOGY 25

26 INFORMATION TECHNOLOGY The Gavio Group is active in the Telecommunications and Traffic Management Systems businesses through Sinelec, a company specialized in integrated systems management and online services for toll collection and traffic data (info-mobility). Sinelec is a leader in the conception, design and engineering, installation and maintenance of advanced systems for transport and mobility data management. The main activities of the company relate to ITS (Intelligence Transport System) technologies, as well as to advanced systems for toll collection and online systems for traffic monitoring and improving safety. Sinelec owns a wide area network and manages the acquisition and implementation all along motorways of fiber-optic cables and all kinds of equipment linked to technological systems. 26

27 SHIPBUILDING

28 SHIPBUILDING The Gavio Group owns three prestigious yacht brands in the marine industry: Baglietto, based in La Spezia with a 160-year history; Bertram, the true icon of USA Yachting; and Cerri Cantieri Navali. 28

29 INSURANCE BROKERAGE 29

30 INSURANCE BROKERAGE The Gavio Group is active in the insurance and re-insurance brokerage sector through PCA. PCA is seen as a leader on the domestic and foreign market in specific products, notably in the Construction and Large Infrastructure sector, where PCA is a clear leader in the Italian market and also heads an international dedicated team of specialists called Global Construction Team within the Brokerslink network of companies. PCA s commercial strategy is based on precise customer targeting and selection, exclusively in the Corporate and Large Corporate segment, with particular expertise in consultancy, brokerage and management of global clients. PCA s main strengths are its outstanding consultancy work, in which it takes a highly proactive approach to problem solving and has an innate ability to find the best solutions in complex situations. PCA offers its clients innovation, service, advice and insurance management, using the latestavailable solutions, state-of-the-art IT and global 24/7 assistance. 30

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