Gavio Group Activity of Direction and Coordination: Registered office: Administrative and operational headquarters:

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1 Gavio Group Activity of Direction and Coordination: Finanziaria di Costruzioni S.p.A. - Registered office: Via Balustra, Tortona (AL) Italy Administrative and operational headquarters: S.S. 10 per Alessandria, 6/A Tortona (AL) Italy Tel. (+39) Fax (+39) itinera@itineraspa.it - PEC itineraspa@legalmail.it -

2 ITINERA Itinera is one of the leading Italian construction companies by size, revenues and backlog. Itinera was established in 1938, and has belonged to the Gavio Group since the 1960s. The Gavio Group is one of Italy s top industrial groups, active in fields ranging from motorway concessions and infrastructure construction to transportation, ports, logistics, car parks concessions, technology, energy and shipbuilding. 2

3 Gavio Group Business ss Sector 3

4 Gavio Group Structure 4 (1) Net of treasury shares: 4.26% (2) Mainly captive business

5 ITINERA expertise Itinera stand among the main players in the construction of large-scale infrastructure and civil construction works as General Contractor as well as Promoter of new initiatives under concession. 5

6 ITINERA at a glance REVENUES 994 million (2014) BACKLOG 2.6 billion (as at December 31 st, 2014) EMPLOYEES 2,900 (direct+indirect) TUNNELS 100+ km built ROAD AND RAILWAY 1,000+ km built 6

7 ITINERA key figures DESCRIPTION 2014 (1) (1) TOTAL REVENUES (2) EBITDA (2) PROFIT (2) NET FINANCIAL POSITION SHAREHOLDERS EQUITY DEBT/EQUITY 0,11 0,61 1,11 Amounts in thousands of Euros ( /000 ) NOTES (1) Data 2014 and 2012 from consolidated financial statement of ITINERA (2) Data 2013: economic data result from the aggregate values of the consolidated financial statement of ITINERA and of the financial statement of CODELFA. Financial and equity data refer to the consolidated financial statement of ITINERA. 7

8 ITINERA standard SAFETY ENVIRONMENTAL QUALITY 8

9 References

10 Transportation infrastructures

11 ITALY ROAD _ Asti Cuneo Motorway 11

12 ITALY A4 Motorway - Turin to Novara Est 12

13 ITALY AIRPORT _ Runway of Fiumicino International Airport 13

14 HUNGARY ROAD _ VAC 2 Ring Road Project 14

15 ITALY ROAD _ A4 Motorway Rho-Pero Interchange (MI) 15

16 MOROCCO ROAD _ Fez Meknes Motorway 16

17 ITALY ROAD _ A4 Motorway Bernate by-pass 17

18 ITALY RAIL _ Turin Milan High Speed Rail 18

19 ITALY ROAD _ A32 Savoulx-Bardonecchia 19

20 ITALY RAIL _ Milan International Airport Rail Link 20

21 Tunnels and underground works

22 ITALY METRO _ Naples Line 1 22

23 ITALY TUNNEL _ Avigliana Tunnel 23

24 ITALY TUNNEL _ Frejus Safety Tunnel 24

25 ITALY METRO _ Turin Collegno-Porta Nuova Section 25

26 SLOVENIA TUNNEL _ Le Trojane-Celje-Ljublijana Motorway 26

27 ITALY TUNNEL _ Aurelia Motorway - Albissola by-pass 27

28 Dams & Marine Works

29 ITALY DAM _ Oristano DAM over the Tirso River 29

30 ITALY DAM _ Cedrino River 30

31 ITALY MARINE _ Cristoforo Colombo Port Extension 31

32 ITALY MARINE _ the MOSE Project (Venice Fload Protection System) 32

33 ITALY MARINE _ Dolphine Acquarium of Genoa 33

34 Building construction

35 ITALY AIRPORT _ Milan Malpensa International Airport Terminal 1 35

36 ITALY HOSPITAL _ San Donato General Hospital 36

37 ITALY HOSPITAL _ A. Meyer Pedriatric Specialized Center 37

38 ITALY CAMPUS _ Einaudi Campus 38

39 ITALY PUBLIC _ Main Courthouse of Vicenza 39

40 Pre-cast elements

41 PRE-CAST Solutions for tunnels 41

42 PRE-CAST Solutions for bridges 42

43 PRE-CAST Solutions for tunnels 43

44 ITINERA S.p.A. Activity of Direction and Coordination: Finanziaria di Costruzioni S.p.A. Registered office: Via Balustra, Tortona (AL) Italy Administrative and operational headquarters: S.S. 10 per Alessandria, 6/A Tortona (AL) Italy Tel Fax itinera@itineraspa.it - PEC itineraspa@legalmail.it Cap. Soc ,00 Int. Vers.- Iscr. Reg. Imp. AL R.E.A. N C.F./P.I

TERRITORY AS A VALUE

TERRITORY AS A VALUE GAVIO GROUP 2 GAVIO GROUP Business Areas CONSTRUCTION MOTORWAY CONCESSIONS ENERGY TRANSPORTS, PORTS AND LOGISTICS 3 GAVIO GROUP Business Areas ENGINEERING SHIPBUILDING TECHNOLOGY SERVICES