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Table of contents 1 Toto Group Structure 2 Toto S.p.a. Costruzioni Generali: Overview 3 Business Interests 4 5 6 7 8 Toto s Strength: Know How Toto s Technological Assets The Construction Business Internationalization Key Financials 9 Project Details 10 Disclaimer 2
Toto Group Structure The Group has a diversified portfolio of activities 3
TOTO S.p.a. Costruzioni Generali Overview Toto S.p.a. Costruzioni Generali TOTO S.p.a. is a general and EPC contractor. Its core business lies in the infrastructure sector, with key competencies in tunnel and bridge construction. Mission Focus on large-scale projects. Customers & Markets Key Financials 2014 ANAS Italian national road network Authority Autostrade per l'italia S.p.A. Italian Main Private Toll rways Concessionaire Ferrovie dello Stato S.p.A., Italferr S.p.A. Italian State Railways company Strada dei Parchi S.p.A. Italian Toll Motorways Concessionaire GDDKiA Polish national road network Authority State Authorities Shareholder s equity Toto Costruzioni: 82 Mln Annual Turnover: 178 Mln EBITDA / EBITDA margin: 22 Mln / 12,5% Net Invested Capital: 88 Mln Organizzazione Employees: 398 Subsidiary Companies : 5 4
Business Interests Three main strategic business areas EPC Renewables Photovoltaic plants, wind farms, etc, Public Tender Roads, Railways, Viaducts, etc, EPC Concessions Toll Roads, Logistics, Health Care Facilities, etc 5
Core Competencies Toto s Strenght: Know-How Highways and Roads Tunnel s Traditional Method Settori di Interesse Railways and Mass Transit Network TBM Building Construction Agorà Others Viaducts EPC Renewables Steel Deck Structure Pre-stressed Deck Dywidag Photovoltaic Plants Precast Crossbeam TBM Concrete Segments Windfarms 6
Toto s Strenght: Know-How 63 km of Tunnels 39 km by ADECO-RS 24 km bytbm 546.000 m 2 of Deck Structure > 41 km of Viaducts > 414.000 m of Foundation Piles > 1,4 mln m 3 of Concrete > 120.000 Segments > 455.000 m 3 of Segments > 25.000 Beams 7
TOTO s Technological Assets TBM-Martignano Cutterhead Diameter 12,11m TBM-Martina Cutterhead Diameter 15,62m TBM 1-2 Cefalù Cutterhead Diameter 9,96m Total Length 130m Total Length 130m Total Length 110m Excavated section 115mq Excavated section 192mq Excavated section 78mq Total Weigth 3.700t Total Weigth 4.500t Total Weigth 1.500t Total Installed power 5MW Total Installed power 18MW Total Installed power 5,6MW Martina, the biggest TBM in the world Today, over 200 mln of investments in technology, allows TOTO S.p.a Costruzioni Generali to keep a competitive advantage in tunnel construction. 8
The Construction Business Main Projects in Progress (updated 31/12/2014) La Spezia Client: ANAS Contract value: 125 euro mln % Toto: 100% Status: on-going Extraordinary Maintenance La Quercia Client: ASPI S.p.a. Contract value: 545 euro mln % Toto: 100% Status: on-going (79 %) Roma Est Client: Strada dei Parchi Contract value: 203 euro mln % Toto: 100% Status: 100% Cefalù Category: Railway Client: Italferr S.p.a. Contract value: 258 euro mln % Toto: 75% Status: on-going Maintenance Client: Strada dei Parchi Contract value: 16 euro mln Current: 10 euro mln On-going: 6 euro mln % Toto: 100% Status: on-going (41 %) Messina Client: CAS Contract value: 44 euro mln % Toto: 100% Status: on-going 9
Internationalization Main areas of interest Toto Costruzioni Generali office in Warsaw Upcoming construction of a 500 MW windfarm offshore Maryland Toto Costruzioni Generali Overseas Branch in Dubai 10
Toto S.p.a. Costruzioni Generali: Key Financials Turnover ( Mln) 247 242 248 35 EBITDA ( Mln) 35 178 24 22 435 545 2011 2012 2013 2014 2011 2012 2013 2014 EBIT ( Mln) 2014 Order Backlog ( Mln) 15 14 13 15 16 In house Construction 574 2011 2012 2013 2014 11
Project Details 12
Project Details La Quercia 6/7 Lots Contract: Construction of A1 Highway Milano- Napoli Section Sasso Marconi- Barberino del Mugello Lots 6 and 7 Client: ASPI S.p.a. Contract value: 545 euro mln %Toto: 100% Status: 79% Completed End: 2016 Description of Works: Construction of a new 3 lanes Highway (7,5 km), 2 twin tunnels (total length 9212 m) and 2 steel bridges (total length 2042 m), overpasses, underpasses reinforced earth walls, reinforced concrete walls, culverts and interchanges. 13
Project Details A24 Side Motorway Contract: Doubling (through side motorways) of the A24 Highway capacity from Palmiro Togliatti to East Rome toll gate Station Description of Works: Client: Strada dei Parchi Contract value: 198 euro mln % Toto: 100% Status: 100 % Completato End: 2014 Construction of 2 new carriageways along the urban stretch of the A24 Highway; total length Km 11,0 including 12 steel-concrete and prestressed concrete bridge structures (total length 3808 m), Rome Ring Road Interchange and minor works: overpasses, underpasses, culverts, reinforced earth walls, reinforced concrete walls and service roads 14
Project Details Cefalù Contract: Design and Construction of the doubling of the Palermo-Messina railway - section Cefalù - Ogliastrillo - Castelbuono Description of Works: Doubling of the Palermo-Messina railways- section Cefalù - Ogliastrillo Category: Railway Client: Italferr S.p.a. Contract value: 257 euro mln % Toto: 75% Status: in corso - Castelbuono L=Km 12,3 including Cefalù, S. Ambrogio and Maltertugio tunnels (total lenght Km 18,8) and 3 viaducts (total lenght 150 m). End: 2020 15
Project Details Maintenance Contract: A24 Motorway Rome - L'Aquila and A25 Motorway Torano - Pescara Client: Strada dei Parchi Contract value: 26 euro mln Current: 10 euro mln On-going: 6 euro mln % Toto :100% Status: 41% Completed Description of Works: Maintenance and retrofit works along the entire section of A24-A25 Motorways. 16
Project Details La Spezia Contract: Access road to La Spezia Harbour SS1 Aurelia Bypass 3 lot between Felettino and the Motorway Junction. Client: ANAS Contract value: 125 euro mln % Toto: 100% Status: on-going Description of Works: The third lot connects the SS1 bypass to the Motorway Junction La Spezia Santo Stefano di Magra, linking the Vara Valley to the Magra Valley. The 4,5 km lot includes six tunnels, three cut and cover tunnels and four main viaducts in the main interchanges. 17
Project Details Messina Contract Rehabilitation works on the Ritiro viaduct and construction of the Giostra motorway junction. Cliente: CAS Contract value: 44 euro mln % Toto: 100% Status: on-going Description of Works: Rehabilitation and seismic reinforcement of the Ritiro viaduct, located in a densely populated area of Messina. Completion of the Giostra motorway junction, connecting Messina with the A20 Motorway. 18
Project Details Poland Contract: Construction of the S5 Expressway Poznań-Wrocław Section Poznań (Gluchowo Hub) Wronczyn (Mosina Hub) Cliente: GDDKiA Contract value: 123 euro mln % Toto: 99.9% Status: on-going Description of Works: Construction of the 16 km section between Poznań and Wronczyn on S5 Expressway. Major works include 3 viaducts, 12 overpasses and 2 pedestrian underpasses, 3 major interchanges (Konarzewo, Steszew e Wronczyn) and 2 rest areas. 19
Disclaimer Toto S.p.a. Costruzioni Generali ( TOTO ) makes no representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document, and nothing contained herein is, or shall be relied upon, as a promise or a representation, whether as to the past, the present, or the future. Additionally, this document does not represent legal advice of any kind. Future results or values could be materially different from any forecast or estimate contained in these analyses. This report is solely for internal use. No part of it may be circulated, quoted, or reproduced for distribution outside the organization, without prior written approval from TOTO. It is not intended to, and may not be, relied upon by any person or entity and, therefore, any person or entity who receives this document or the information contained herein, with TOTO s permission or otherwise, is hereby put on notice that (i) they are responsible for their own analyses and may not rely on any information contained herein, and (ii) TOTO makes no representations or warranties, including with respect to the accuracy or completeness of the information contained herein or any other written or oral communication transmitted or made available to the third party, and expressly disclaims any and all liabilities based on such information or on omissions therefore. 20
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