Company Presentation

Exane BNP Paribas SRI Conference

Paris - November 27th, 2013

Company Presentation – November 2013 1 AGENDA

 Group Overview & 2013 Outlook

 Corporate Social Responsibility

 Draka integration

 Financial Results

 Appendix

Company Presentation – November 2013 2 Prysmian Group at a glance 9M 2013 Results

Sales breakdown by geography Sales breakdown by business

APAC 14% Telecom 17% Utilities Latin 30% America Other 9% 2%

€ 5.5 bn € 5.5 bn

N. America 14% Industrial EMEA 24% 63% T&I 27%

Adj. EBITDA by business Adj. EBITDA margin by business

Telecom 20% 11.7%

Utilities 9.7% Other 43% 8.1% 7.2% 1% € 444 mln 4.1%

Industrial 22% T&I 14% Utilities T&I Industrial Telecom Total

Company Presentation – November 2013 3 Long Cycle Businesses Vs. Short Cycle Businesses Adj. EBITDA breakdown

Long Cycle Businesses Short Cycle Businesses Short Cycle Businesses Adj. EBITDA 66% 34% (Combined Prysmian + Draka)

• Profitability: stable at bottom level (excl. synergies contribution) Utilities Utilities • Over 50% profitability decrease from the peak (Submarine, HV, (Power Net. Components) Distribution) 37% 8% € mln 500 T&I ~(€ 250mln) 12%

LTM 9M’13 400 ADJ. EBITDA € 623 mln 300

Industrial 200 (Specialties & OEM, Industrial Automotive, Other) (OGP & SURF, 13% Renewables, Elevator) 100 9% Telecom Telecom (Copper) (Optical and Fiber, JVs, 1% Multimedia & Specials) 0 20% 2007 2008 2009 2010 2011 2012 LTM Long Cycle 9M'13 Short Cycle PD T&I Industrial* * Industrial includes Specialties & OEM, Automotive and Other segments

Company Presentation – November 2013 4 9M 2013 Key Financials Euro Millions, % on Sales

Sales Adjusted EBITDA (3) Adjusted EBIT (4)

-1.8%* 647 7,973 7,848 586 483 -3.9%* 435 468 5,930 444 349 5,488 329

2011(1) 2012 9M'12 9M'13 2011(1) 2012 9M'12 9M'13 2011(1) 2012 9M'12 9M'13 * Org. Growth 7.3% 8.2% 7.9% 8.1% 5.5% 6.2% 5.9% 6.0%

Adjusted Net Income (5) Operative Net Working Capital (6) Net Financial Position

280 1,021 1,446 231 868 1,246 193 1,064 180 918 579 486

(2) (7) (7) 2011 2012 9M'12 9M'13 2011 2012 9M'12 9M'13 2011 2012 9M'12 9M'13 3.0% 3.6% 3.3% 3.3% 7.3% 6.3% 12.7% 11.6% (1) Includes Draka Group’s results for the period 1 January – 31 December; (2) Includes Draka Group’s results for the period 1 March – 31 December (3) Adjusted excluding non-recurring income/expenses; (4) Adjusted excluding non-recurring income/(expenses) and the fair value change in metal derivatives and in other fair value items; (5) Adjusted excluding non-recurring income/(expenses), the fair value change in metal derivatives and in other fair value items, exchange rate differences and the related tax effects; (6) Operative NWC defined as NWC excluding the effect of derivatives; % of sales is defined as Operative NWC on annualized last quarter sales; (7) Restated to include effects of IAS 19 rev.(negative effect of €2mln in FY’12, € 1mln in 9M’12)

Company Presentation – November 2013 5 Organic Growth and adj. EBITDA evolution Sales stabilizing at bottom level in Europe. Profitability sustained by synergies and Transmission

Organic Growth evolution Adj. EBITDA evolution % change on previous year period Euro million 468 Utilities T&I Industrial Telecom Total 2012 2013 444

7.8%

178 167 160 162 1.8% 130 0.7% 0.6% 115

-1.1%

-3.4% -5.3%

-8.5%

-11.4% ∆Q1 Q1 ∆Q2 Q2 ∆Q3 Q3 9M∆ 9M Utilities +3 +1 +3 +7

-16.2% T&I (4) (1) +4 (1) Industrial (4) (3) +3 (4) Tot.Energy* (4) - +9 +5

Telecom (11) (11) (7) (29)

H1'13 H1'13 H1'13 H1'13 H1'13

Q3'13 Q3'13 Q3'13 Q3'13 Q3'13 Total (15) (11) +2 (24) * Total Energy include Other Energy business: ∆Q1 +€1m, ∆Q2 +€3m, ∆Q3 -€1m, ∆9M +€3m

Company Presentation – November 2013 6 Utilities Euro Millions, % on Sales

Sales to Third Parties Highlights DISTRIBUTION +1.1%* • As expected no signs of recovery in H2’13. Further deterioration in demand 2,318 due to lower power consumption and weak European construction. Limited 2,287 * -0.8% margin decrease thanks to on-going cost rationalization 1,678 1,650 • Europe: further decrease in central/south Europe (particularly in Italy); stable eastern Europe; signs of recovery in UK/Nordics • North America: continuous positive volume trend sustaining profitability improvement • South America: selective volume strategy to preserve profitability. Utilities reviewing capex plan • APAC: lower sales due to weak Australian market. Expanding 2011 2012 9M'12 9M'13 business in other Asean regions * Organic Growth Note: FY2011 combined including Draka for 12 months

Adjusted EBITDA TRANSMISSION – HV TRANSMISSION – Submarine • Stable profitability in 9M’13 (Vs • Strong increase in profitability in 9M’12) with higher contribution 9M expected to continue in next 264 270 expected in Q4 quarters • Stable order book with approx. 12 192 • Growing tendering activity mainly 185 months sales visibility driven by Europe; still limited • Increasing leadership in high demand in US and Asia margin projects and growing • First positive contribution from contribution from land portion Global Marine acquisition. New submarine projects Cable Enterprise vessel to be • Increasing activity in Asean (e.g. refurbish in 2014 to achieve Indonesia, Singapore, Australia) Prysmian standards 2011 2012 9M'12 9M'13 through Chinese production • Production capacity increase in 11.4% 11.8% 11.0% 11.7% capacity Arco Felice (Italy) to be completed by Q1’14 Note: FY2011 combined including Draka for 12 months

Company Presentation – November 2013 7 Utilities – Submarine as key driver of profitability increase Record Order-book despite European outlook confirms commitment on renewables and interconnections

Sales breakdown Orders Backlog evolution 9M 2013 € million Submarine Netw. components HV ~500 6% ~550 Submarine ~650 32%

~650 ~650 € 1.7 bn ~650 ~2,300 PD ~300 ~1,700 ~1,900 41% ~250 ~900 ~1,000 ~1,050 ~650 ~800 High Voltage 21% Dec'09 Jun'10 Dec'10 Jun'11 Dec'11 Jun'12 Dec'12 Jun'13

Strengthening leadership in the submarine business Over € 650m projects awarded in 9M’13 increasing visibility to about 3 years

Torre Channel Annunziata Deutsche Bucht Mallorca Islands Normandy USA

DolWin3 Brittany Ibiza Capri

ExxonMobil’s oil Normandie 3 DolWin3 €350m & Mallorca - Ibiza offshore platforms Capri - Torre Annunziata €45m Deutsche Bucht €50m €85m $100m €70m

Company Presentation – November 2013 8 Utilities – Transmission Best-in-class technology and reliability as key asset to enhance leadership in high margin projects

Adj. EBITDA evolution Sales and Orders Backlog Euro million Euro billion 250

• Over 3y sales visibility

200 • Sound order intake expected

in the next 12/18 months 2.2 150 ~ 20% • Stable margins in the Adj.EBITDA current orders backlog margin 0.7

Submarine • In medium term higher 100 LTM 9M’13 Sept ‘13 margins expected in

Sales installation activities thanks 50 ~ 10% Orders backlog to Global Marine acquisition Adj.EBITDA margin 0 • Keeping high sales visibility FY 2011 FY 2012 FY 2013E

• Focus on high technology

High Voltage Submarine projects (over 220kV) to 0.5 0.5 sustain margins

• Submarine: steady growth in profitability driven by sales • Growing production capacity organic growth and margin stability in low cost countries (Russia

High Voltage LTM 9M’13 Sept ‘13 • High Voltage: stable profitability in a challenging and China) Sales environment thanks to better projects mix and industrial Orders backlog efficiencies

Company Presentation – November 2013 9 Trade & Installers Euro Millions, % on Sales

Sales to Third Parties Highlights

-2.6%* • Q3 organic growth and profitability substantially in line with previous year level. Demand and pricing stabilizing at H2’12 level. Slight improvement in 2,233 2,159 -5.1%* profitability thanks to cost reduction • Europe: no signs of volume improvement across all major markets 1,653 1,471 except Turkey. Price recovery from current bottom level as key driver for profitability increase • North America: growing contribution in profitability thanks to positive construction demand in Canada and renewed wind incentives in US • South America: strengthening leadership position in the key Brazilian market and significant increase in profitability 2011 2012 9M'12 9M'13 • APAC: negative organic growth due to lower construction activity and * Organic Growth Note: FY2011 combined including Draka for 12 months higher import competition in Australia

Adjusted EBITDA Organic Growth 73 77 % change on previous year period 62 61 4%

0%

-4%

-8% 2011 2012 9M'12 9M'13 3.3% 3.6% 3.7% 4.1% -12%

Note: FY2011 combined including Draka for 12 months Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Q2'13 Q3'13

Company Presentation – November 2013 10 Trade & Installers Sales breakdown

Sales breakdown by geographical area Total Construction Investments

9M 2013 2012 = 100 140 North America 130 C.&S. America 120 Asia Pacific APAC* 10% 110 Central & Europe Latin America Southern Europe 100 9% 42% 90

North 80 America A08 A09 A10 A11 E12 E13 E14 E15 E16 7% € 1.5 bn * Excl. China Nordics Focus on Europe 9% 2012 = 100 140

130 Eastern Europe Eastern Europe 23% 120 Nordics 110

Other Europe 100 Italy & Spain 90 A08 A09 A10 A11 E12 E13 E14 E15 E16 Nordics: Norway, Sweden, Finland, Denmark, Estonia Eastern Europe: Austria, Czech Rep, Slovakia, Hungary, Romania, Turkey, Russia Source: Cresme Ricerche - Euroconstruct, December 2012

Company Presentation – November 2013 11 Industrial Euro Millions, % on Sales

Sales to Third Parties Highlights OGP -1.5%* • Positive trend in offshore expected to continue next quarters thanks to North 1,824 1,801 +3.0%* Sea, Asean and South America. Declining demand in onshore limiting Oil&gas profitability improvement in 2013 1,371 1,340 SURF

• Strong Q3 in Umbilicals thanks to new commercial initiatives out of Brazil; first deliveries in Indonesia and Angola. Flexible pipes development limited by Petrobras focus on pre-salt explorations

• DHT: sound increase driven by successful business development in Europe and Apac. Ongoing capacity increase in North America 2011 2012 9M'12 9M'13 * Organic Growth Elevator Note: FY2011 combined including Draka for 12 months • Positive organic growth mainly supported by China. Higher volumes also in Adjusted EBITDA the domestic US market and Europe

Renewable 139 116 • Still very weak demand in China and North America. Gradual improvement in H2’13 Vs bottom level achieved in H1 thanks to Europe and S.America 101 97 Automotive

• Continuous increase driven by North and South America

Specialties & OEM

• Keeping a positive trend in a tough economic environment thanks to new commercial initiatives mainly in Railway/Rolling Stock (Europe, North and 2011 2012 9M'12 9M'13 South America); Crane (Apac) and Marine (Russia) 6.4% 7.7% 7.3% 7.2%

Note: FY2011 combined including Draka for 12 months

Company Presentation – November 2013 12 Industrial Sales breakdown

Sales breakdown by geographical area Sales breakdown by business segment 9M 2013 9M 2013

Other Asia Pacific Elevator 4% 18% 8%

Specialties & Renewables OEM 8% 34% Latin America 10% € 1.3 bn € 1.3 bn

EMEA 46% OGP & SURF 23% North America Automotive 26% 23%

Company Presentation – November 2013 13 SURF – First steps to build up a global business South America remains a key priority. Large off-shore explorations in West Africa and Apac 2012 Global oil & gas new discovery volumes by terrain Onshore 10% Shallow Water 10% Deep Water 80%

Source: IHS, 2013

Umbilical projects out of Brazil Proven reserves

Unproven reserves

Source: New frame agreement with Petrobras International business development Baker Hughes

• New frame agreement signed with Petrobras in Oct’13: • First umbilicals orders delivered in 2012-13: • Umbilicals: 360km worth approx. $260m (50% • Egypt: hydraulic umbilical & accessories (Saipem) minimum purchasing commitment, orders to be • Nigeria: electro-optical umbilical (Shell) received within 2 years for deliveries within 3/4 y) • Indonesia: electro-hydraulic umbilical & accessories • Flexible: extension to 2016 of the existing frame (ConocoPhillips) agreement worth $95m (no minimum purchasing commitment) • Angola: dynamic optical umbilical (Total)

Proven reserves are those reserves claimed to have a reasonable certainty (normally at least 90% confidence) of being recoverable under existing economic and political conditions, with existing technology Unproven reserves are based on geological and/or engineering data similar to that used in estimates of proven reserves, Company Presentation – November 2013 but technical, contractual, or regulatory uncertainties preclude such reserves being classified as proven 14 Telecom Euro Millions, % on Sales

Sales to Third Parties Highlights

-3.5%* • Double digit sales decrease due to strong volume downturn in North and South America for optical and continuous decrease in Europe for MMS and * 1,431 1,466 -14.6% Copper. Profitability strongly penalized by lower volumes despite cost 1,129 rationalization during 2012 945 Optical / Fiber

• Europe: increasing exposure to Eastern Europe and Russia to benefit from high growing demand. Still low volumes in the rest of Europe; France and Spain expected to increase investments in next quarters

• North America: 50% lower demand in H1 expected to gradually recover 2011 2012 9M'12 9M'13 pre-stimulus level in the next quarters (excluding incentives renewal) * Organic Growth Note: FY2011 combined including Draka for 12 months • South America: large number of projects submitted for stimulus packages approval in Brazil expected to drive demand recovery during Adjusted EBITDA 2014

• APAC: China and Australia maintaining high growth rate. Developing 160 presence in other fast growing Asean countries (e.g. Singapore, Malaysia, 128 Indonesia) 120 91 Multimedia & Specials • Decreasing demand in data centers in Europe (e.g. France, UK, Germany). Successful commercial initiatives in South America and APAC (Indonesia, China and Singapore) expected to support profitability in next quarters

Copper 2011 2012 9M'12 9M'13 • Lower profitability due to volume reduction in Europe and South America 8.8% 10.9% 10.6% 9.7%

Note: FY2011 combined including Draka for 12 months

Company Presentation – November 2013 15 Telecom Sales breakdown

Sales breakdown by geographical area Sales breakdown by business segment 9M 2013 9M 2013

JVs and other Optical, Asia Pacific 24% 30% Connectivity and Fiber EMEA 46% 46% € 0.9 bn € 0.9 bn

Multimedia & Specials Latin America 18% 13%

North America Copper 11% 12%

Company Presentation – November 2013 16 Telecom – Tough 2013 due to demand contraction in Optical N.&S. America and Copper/Multimedia in Europe

Adj. EBITDA evolution

Euro million

(15) (5)

(2) (10) +4

(1) 44 41 35 33 34

24

Company Presentation – November 2013 17 Outlook – FY Target confirmed despite new bottom in cyclicals and weak Telecom Underlying business trend in line with initial expectations. Material negative currency effect in H2

FY 2013 Adj.EBITDA Target (€ mln)

600 650

• FY negative currency effect (mainly BRL, USD, AUD) of approx. €20mln

• Transmission projects phasing increasing contribution in Q4

• Growing cost synergies

• Higher SURF deliveries in H2

Company Presentation – November 2013 18 AGENDA

 Group Overview & 2013 Outlook

 Corporate Social Responsibility

 Draka integration

 Financial Results

 Appendix

Company Presentation – November 2013 19 Corporate Social Responsibility Sustainable development based on three dimensions: Economic, Environmental, Social Economic Responsibility - Reliability, accuracy and transparency of information. Focus on shareholders’ return - Corporate Governance (competences and independency of BoD and internal committees; gender balance; transparency of remuneration policy) - Risk Management (ERM process) - Code of Ethics, Compliance, Corruption & Bribery, Whistleblowing - Customer Satisfaction - Emerging markets strategy - Innovation and R&D activities (17 R&D centers, over 600 qualified professionals) Environmental Responsibility - Wider range of reporting indicators thanks to a unique HSE reporting system - 2012 Sust. Report achieved C+ level based on GRI/G3.1 - 82% sites certified ISO14001; 42% sites certified OHSAS 18001 - Continuous improvement in energy consumptions, waste generation, water consumptions - First participation to CDP assessment - LCA approach used for P-Laser cable (-30% CO2 equivalent, -40% consumptions of fossil resources, - 70% water utilization Vs. traditional XLPE cable used for the same purpose) Social Responsibility - Increased number of social indicators reported in the SR (unique HR Evolution reporting system) - Performance management system launched at the end of 2012: coverage of approx. 50% of white collars in 2013, up to 100% in 2014E - New Training programs for managers and employees: Prysmian Group Academy launched in 2012 (in partnership with SDA Bocconi), 150 participants in 2012, 500 in 2013 , approx. 700 in 2014E - Talent attraction: Graduate Program (international program for recruitment and induction of new graduates) launched in 2012: 50 graduates hired in 2012-13, 50 in 2014E - Retention plans: LTI plan launched in 2011 for approx. 300 managers - Launch of the Employee Share Ownership Plan in 2013 - Launch of several initiatives to support local communities (e.g. donation of power cables to local social entities, Milan Niguarda Hospital; donations and other initiatives to assist local community in Vila Velha Brazil)

Company Presentation – November 2013 20 Corporate Social Responsibility Developing a CSR strategy to increase involvement of Social Responsible Investors

Dow Jones Sustainability Assessment – Electrical Components & Equipment

80 70 Prysmian score 60 50 Sector Average score* 40 30 Lowest Score in the DJ World 20 index* 10 0 2012 Assessment 2013 Assessment * Electrical Components & Equipment sector

SRI investors in Prysmian

16% 60 14% 50 % of share capital owned by SRI 12% on Total Institutional (L axis) 10% 40 8% 30 6% 20 4% N° of SRI Investors (R axis) 2% 10 0% 0 2010 2011 2012

Source: Thomson Reuters

Company Presentation – November 2013 21 Main Environmental KPIs Improving trend from Draka acquisition

Energy Consumptions Energy Consumptions Wooden Drums re-used Power Cables – GJ/T Optical Fiber – GJ/km % on total drums

3.6 0.03 30%

3.23 0.0246 25% 3.2 3.09 0.0237 25% 23% 2.8 0.02 20% 2.4

2.0 0.01 15% 2011 2012 2011 2012 2011 2012 Energy consumed per tonne of product Energy consumed per km of product % of wooden drums reused

Hazardous Waste Non-Hazardous Waste Water Power Cables – kg/T Power Cables – kg/T Power Cables – m3/T

4.0 3.78 60 51.4 7.0 3.60 6.09 3.6 45.6 50 6.0 5.25 3.2 40 5.0 2.8 2.4 30 4.0 2.0 20 3.0 2011 2012 2011 2012 2011 2012 Hazardous waste disposed per tonne of Non-Hazardous waste disposed per tonne Water consumption per tonne of product product of product

Company Presentation – November 2013 22 AGENDA

 Group Overview & 2013 Outlook

 Corporate Social Responsibility

 Draka integration

 Financial Results

 Appendix

Company Presentation – November 2013 23 The new organization model To strengthen leadership in all business segments leveraging on a global platform

New organization: a matrix linking country and group functions Utilities T&I Industrial Telecom Group Functions

Local Intermediate Global

Business

Automotive

Telecom Telecom (Optical+Copper)

Multimedia & Multimedia Specials

Optical Fiber Optical

T&I / PD Renewable

Elevator

Submarine

HV SURF

Network Network components

Oil & Gas & Oil

Specialties Specialties OEM&

Country X

Country Y

Country Z

...

Company Presentation – November 2013 24 Integration process update In 2011-12 executed over 50% of actions planned in the full integration process Q2 2011 H2 2011 FY 2012 FY 2013

Design Execution

• New Group • Start deployment • Consolidate “One- • Actions completed to achieve the Organization of new  company” identity with €100m cumulated synergies target and Key  organization and done common targets: by 2013 People done processes o Key management • Enhance Public company model: all Appointment aligned with Group employees (including • Base Business shareholders’ value  blue/white collar) involved in a new  • Synergies plan done Protection through the 2011-13 Employee Stock Purchasing and done completed, start incentive plan Ownership Plan • Corporate  delivering first Brand done costs reduction in: • Synergies Plan: • Synergies Plan: • Mission & o Procurement  o Fixed costs reduction o Additional 4% management and Vision  done as major contributor to staff rationalization completed done o Overheads FY’12 Target. Approx. by Q1’13 (cumulated 12%) • Kick-off of rationalization   done 8% management and main done o Procurement synergies run-rate  staff rationalization integration done from 2013 (suppliers completed by Q1’2012 workstreams agreements review completed) o Finalizing detailed o Cost reduction from operations review of suppliers  as major contributor to FY’13 agreements during the done Target. 7 plants closed since the year acquisition to Dec ’12. o First production Additional plants rationalization facilities rationalization  to be executed in 2013-14; total from H2’12. Closing done number depending on demand down 6 plants by evolution Q1’13

Company Presentation – November 2013 25 First step of production footprint optimization completed 7 plants closed and 1 plant restructured since Draka acquisition

Wuppertal (GER) Industrial cables - partial closure Eschweiler (GER) T&I/Industrial cables Hickory (US) Angel (CHI) Semi-finished products/wires Derby (UK) Industrial/control cables T&I cables

Livorno Ferraris (ITA) Sant Vicenç (SPA) Telecom cables Industrial cables

Singapore T&I cables

7 Plants closed since Draka acquisition

Company Presentation – November 2013 26 Synergies target increased – Increasing efforts on production rationalization New upgrade in synergies plan with additional actions to face the continuous downturn

Update on Synergies Plan 2011-15

Overheads (Fixed costs) Euro million

Procurement ~175

• Strong Operations ~150 decrease in 125-150 cyclical demand 60-70 require new actions to limit 60-70 overcapacity in 100 Europe • Selective 30-40 production 65 rationalization 30-40 to improve 45 30 ROCE in cyclical segments 70-80 • Additional 40-60 13 30 synergies 10 mainly 6 7 5 generated in Operations FY11 FY11 FY12 FY12 FY13 FY14 FY15 Old FY15 New Target Achieved Target Achieved Target Target Target Target

Restructuring costs

46 120 200 ~250

Note: Cumulated synergies figures are not audited. Calculation is based on internal reporting

Company Presentation – November 2013 27 Key commercial initiatives in Industrial and Telecom Leverage on global product portfolio to increase sales and profitability

Industrial: ~ +€240m sales by 2015 Telecom: ~ +€190m sales by 2015 CAGR ’12-’15 driven by new initiatives: ~ +4%* CAGR ’12-’15 driven by new initiatives: ~ +4%*

OEMs OEMs

•Crane •Mining •Rolling stock •Railway •Mining •Marine OEMs OGP OGP •Crane

•Drilling •Mining •Downstream Iraq and ME •Refinery •Nuclear

Telecom Elevator OGP EMEA

North America •Hybrid 4G cables •Market penetration •Upstream offshore •Access networks •LNG (Liquefied Natural •OPGW Gas) Telecom

•Hybrid 4G cables Elevator

OEMs APAC

•Access networks/ •Business expansion •Rolling stock connectivity •Mining •MMS Telecom •Marine •Hybrid 4G cables OGP •Access networks/ connectivity •Upstream offshore •MMS

Telecom

Latin America •Optical cables •Multimedia datacom

* CAGR calculated on FY2012 Sales considering only additional contribution from new initiatives and assuming stable sales for the rest of the business Company Presentation – November 2013 28 AGENDA

 Group Overview & 2013 Outlook

 Corporate Social Responsibility

 Draka integration

 Financial Results

 Appendix

Company Presentation – November 2013 29 Profit and Loss Statement Euro Millions

9M 2013 9M 2012 FY 2012

Sales 5,488 5,930 7,848 YoY total growth (7.5%) YoY organic growth (3.9%) Adj.EBITDA 444 468 647 % on sales 8.1% 7.9% 8.2% Non recurring items (34) (66) (101) EBITDA 410 402 546 % on sales 7.5% 6.8% 7.0% Adj.EBIT 329 349 483 % on sales 6.0% 5.9% 6.2% Non recurring items (34) (66) (101) Special items (30) 12 (20) EBIT 265 295 362 % on sales 4.8% 5.0% 4.6% Financial charges (106) (86) a) (120) a) EBT 159 209 242 % on sales 2.9% 3.5% 3.1% Taxes (49) (61) (73) % on EBT 30.7% 29.2% 30.2% Net income 110 148 169 Extraordinary items (after tax) (70) (45) (111) Adj.Net income 180 193 280

a) Restated to include effects of IAS 19 revised; negative effect of €2mln in FY 2012, €1mln in 9M 2012

Company Presentation – November 2013 30 Extraordinary Effects Euro Millions

9M 2013 9M 2012 FY 2012

Antitrust investigation 3 (3) (1) Restructuring (32) (51) (74) Draka integration costs - (5) (9) Other (5) (7) (17) EBITDA adjustments (34) (66) (101) Special items (30) 12 (20) Gain/(loss) on metal derivatives (12) 30 14 Assets impairment (9) (4) (24) Other (9) (14) (10) EBIT adjustments (64) (54) (121) Gain/(Loss) on ex.rates/derivat.(1 ) (26) (7) (11) Other extr. financial Income/exp. (9) (2) (5) EBT adjustments (99) (63) (137) Notes Tax 29 18 26 Net Income adjustments (70) (45) (111) (1) Includes currency and interest rate derivatives

Company Presentation – November 2013 31 Financial Charges Euro Millions

9M 2013 9M 2012 FY 2012

Net interest expenses (77) (82) a) (111) a)

of which non cash Conv.Bond interest exp. (4) - -

Bank fees amortization (6) (7) (10) Gain/(loss) on exchange rates (12) (25) (29) Gain/(loss) on derivatives (1 ) (14) 18 18 Non recurring effects (5) (2) (5)

Net financial charges (114) (98) (137)

Share in net income of associates 8 12 17 Notes

Total financial charges (106) (86) (120) (1) Includes currency and interest rate derivatives

a) Restated to include effects of IAS 19 revised; negative effect of €2mln in FY 2012, €1mln in 9M 2012

Company Presentation – November 2013 32 Statement of financial position (Balance Sheet) Euro Millions

30 Sept 2013 30 Sept 2012 31 Dec 2012

Net fixed assets 2,215 2,248 2,311 of which: intangible assets 639 615 655 of which: property, plants & equipment 1,464 1,533 1,543 Net working capital 855 1,033 479 of which: derivatives assets/(liabilities) (13) 12 (7) of which: Operative Net working capital 868 1,021 486

Provisions & deferred taxes (300) (351) (369)

Net Capital Employed 2,770 2,930 2,421

Employee provisions 335 310 344 Shareholders' equity 1,189 1,174 1,159 of which: attributable to minority interest 44 55 47 Net financial position 1,246 1,446 918

Total Financing and Equity 2,770 2,930 2,421

Company Presentation – November 2013 33 Cash Flow Euro Millions

9M 2013 9M 2012 FY 2012

Adj.EBITDA 444 468 647 Non recurring items (34) (66) (101) EBITDA 410 402 546 Net Change in provisions & others (51) 4 (1) Cash flow from operations (before WC changes) 359 406 545 Working Capital changes (435) (460) 75 Paid Income Taxes (48) (57) (74) Cash flow from operations (124) (111) 546 Acquisitions - (35) (86) Net Operative CAPEX (73) (89) (141) Net Financial CAPEX 8 5 8 Free Cash Flow (unlevered) (189) (230) 327 Financial charges (91) (97) (129) Free Cash Flow (levered) (280) (327) 198 Free Cash Flow (levered) excl. acquisitions (280) (292) 284 Dividends (92) (45) (45) Other Equity movements - 1 1 Net Cash Flow (372) (371) 154 NFP beginning of the period (918) (1,064) (1,064) Net cash flow (372) (371) 154 Other variations 44 (11) (2) (8) NFP end of the period (1,246) (1,446) (918)

Company Presentation – November 2013 34 AGENDA

 Group Overview & 2013 Outlook

 Corporate Social Responsibility

 Draka integration

 Financial Results

 Appendix – Prysmian at a Glance

Company Presentation – November 2013 35 Key Milestones

1879 1902 1998 2001 2005 2008 2011

Organic Growth by Restructuring Managing the Growth by Establishment Profitable growth growth acquisition process downturn acquisition

Public #1 Cable Company Listing July 28, ‘05: Company Product Strategic Maker founded as Closure of 11 GS “Pirelli Cavi” range Acquisitions May 3, ‘07: investments March ‘10: plants acquisition February enlargement (Siemens, Listing preparing Prysmian Disposal of and birth ‘11: Establishment NKF, on the for the became non core of Prysmian Draka of first International MM, BICC) Milan Stock economic a full activities Group acquisition operations -ization Exchange recovery Public

in Italy (IPO) Company

9 Energy 25% Telecom 8 7.8 Adj.EBIT % 7.6 20% 7

6 15%

bn

€ 5.1 5.1 5 5.0 - 4.7 4.6 9.0% 4.6 10% 4 3.9

9.2% 3.7 9.1% 9.3% 3.7 Sales Sales 3.5 3.4 6.8% 3 6.3% 3.1 6.6% 6.2% 5% 2.8 5.6% 4.7% 4.6% 3.8% 2 3.2% 1.4% 0% 1 -0.8%

0 -5% 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Source: 1998-2003 Pirelli Group Annual Reports, data reported under Italian GAAP; 2004-2012 Prysmian accounts, data reported under IFRS. Draka consolidated since 1 March 2011

Company Presentation – November 2013 36 The World’s Leading Cables & Systems Company N°1 in cable solutions for the energy and telecommunication business

7.8

6.3

5.5

Sales 4.5 4.1

3.9 3.8 2012 2012

, , 3.0

2.8

bn €

1.1

Prysmian Nexans LS Cable & General Cable Southwire Furukawa Leoni Fujikura Hitachi Cable NKT Cables Group System

Source: Companies' public documents. Note: Nexans excluding Other segment (mainly Electrical Wire); General Cable excluding Rod Mill Products; Furukawa considering only Telecommunications and Energy & Industrial Products segments, LTM figures as of 31-Dec-2012; Southwire FY2011; Furjikura considering only Telecom and Metal Cable & Systems segments, LTM figures as of 31-Dec-2012; Hitachi Cable considering Sales to Customers only for Industrial Infrastructure Products, Electronic & Automotive Products and Information Systems Devices & Materials segments, LTM figures as of 31-Dec-2012. All figures are expressed in € based on the average exchange rate of the reference period

Company Presentation – November 2013 37 Prysmian Group business portfolio Focus on high value added segments

PROFITABILITY

Extended SURF business (Flexible Pipes + perimeter Umbilicals)

Network Components Submarine Look for High Profitable Optical Cables & Fibre Extra HV Growth High Voltage • Focus on products and service Industrial Medium Power Distribution ~ 75% of • Limited FY’12 • Focus on product Adj.EBITDA diversification solutions within regions Trade & • Diversification Installers and innovation • Regional Copper Low ~ 25% of competition Telecom • Competition on a Cables FY’12 global basis Adj.EBITDA • Take selective M&A Manage for opportunities Cash Low Medium High

LONG TERM GROWTH

Company Presentation – November 2013 38 Cash Flow generation as key priority to create value for shareholders Growing capabilities to invest organically/acquisitions and remunerate shareholders

Cash Flow generation

2012 benefited from approx. €100m cash-in (submarine business) expected in 2013 € mln 320 2.4x

240 2.0x

160 1.6x

80 1.2x Approx. €170m cumulated restructuring costs related to Draka integration in ‘11-13E 0 0.8x 2006 2007 2008 2009 2010 2011 comb. 2012 2013E

Dividends paid* 75 74 75 35 44 89

Free Cash Flow (levered) excl. Acquisitions (L axis) NFP / Adj. EBITDA (R axis)

Over € 200m average free cash flow per year Almost €400m distributed to shareholders generated in 2006-13E since IPO * By Prysmian SpA

Company Presentation – November 2013 39 Improving operating leverage during the downturn Approx. €240m adj.EBITDA reduction from 2007 despite cost rationalization

Power Distribution + T&I Adj. EBITDA and Fixed Costs – Euro million

400 Over €35m fixed costs reduction from overheads and operations in FY13E vs. FY11

300

200

100

0 2007 2008 2009 2010 2011 2012 2013E

PD - Adj.EBITDA T&I - Adj.EBITDA PD + T&I Fixed Costs

2007-11: Combined data Prysmian + Draka

Company Presentation – November 2013 40 Sales evolution by geographical area Improving geographical diversification with a limited exposure to weaker southern European countries

€ million Italy & Spain accounting for approx. 7% of Group 7,973 7,848 Adj.EBITDA

6,990 15% 15% EMEA Sales breakdown

14% 9% 9% FY 2012 – Total = 62%

8% 12% Power Link Italy 14% Transmission 11% 8% 5% Spain Other 4% 4%

8% 64% Eastern 67% 62% Europe 10%

9% Germany 6% France Nordics 8%

UK

FY 2010 FY 2011 FY 2012 Nordics: Norway, Sweden, Finland, Denmark, Estonia Eastern Europe: Austria, Czech Rep, Slovakia, Hungary, Romania, Turkey, Russia Power Link includes part of transmission project business

Note: FY2010 and FY2011 Sales Combined Prysmian + Draka

Company Presentation – November 2013 41 CAPEX evolution Investments focused on high value added businesses

Capacity Increase & Product mix (€m) 2012 Capex by destination

Maintenance, Efficiency, IT and R&D Maintenance, Efficiency, IT and R&D Capacity Increase & Product mix Capacity Increase & Product Mix

159 152

116 IT and R&D 107 102 85 89 12% Utilities 28% Efficiency 90 88 16% 57 63 54 37 49 € 152 mln

2006 2007 2008 2009 2010 2011 2012 6% 14% Industrial Maintenance 7% Utilities 35% 73% 72% 43% 22% 60% 49% 16% SURF Industrial 3% 14% 9% 6% 2% 7% 10% Telecom Surf 57% - 4% 43% 65% 21% 12% T&I T&I - 10% 2% - - 1% 1% (1%) Telecom 5% 3% 13% 8% 11% 11% 28%

Total (1) 100% 100% 100% 100% 100% 100% 100%

(1) % of Capacity Increase & Product mix Note: Draka consolidated since 1 March 2011

Company Presentation – November 2013 42 Metal Price Impact on Profitability

Supply Main Metal Influence on Cable Price Metal Fluctuation Management Contract Application

Impact Impact

• Projects (Energy • Technology and design • Pricing locked-in at order intake transmission) content are the main • Profitability protection through Predetermined • Cables for elements of the “solution” systematic hedging (long order- delivery date industrial offered to-delivery cycle) applications (eg. • Pricing little affected by OGP) metals

• Price adjusted through • Cables for energy • Pricing defined as hollow, formulas linked to metal publicly Frame utilities (e.g. thus mechanical price available quotation (average last contracts power distribution adjustment through month, …) cables) formulas linked to metal • Profitability protection through publicly available quotation systematic hedging (short order-to-delivery cycle)

• Pricing managed through price lists, thus leading to some delay • Cables for • Standard products, high • Competitive pressure may Spot orders construction and copper content, limited impact on delay of price civil engineering value added adjustment • Hedging based on forecasted volumes rather than orders

High Low • Metal price fluctuations are normally passed through to customers under supply contracts • Hedging strategy is performed in order to systematically minimize profitability risks

Company Presentation – November 2013 43 AGENDA

 Group Overview & 2013 Outlook

 Corporate Social Responsibility

 Draka integration

 Financial Results

 Appendix – Energy

Company Presentation – November 2013 44 Clusters of Cable Manufacturers in the Industry Competitive scenario – Energy Cables

Company Presentation – November 2013 45 Full package of solutions for Energy Business

Utilities Trade & Installers Industrial

• Power Transmission • LV cables for construction • Specialties & OEM (rolling stock, nuclear, defence, crane, – Underground EHV, HV-DC/AC – Fire performing mining, marine, electro medical, – Submarine (turn-key) EHV- – Environmental friendly railway, other infrastructure) DC/AC (extruded, mass – Low smoke-zero halogen • Automotive impregnated and SCFF) and (LSOH) MV • OGP & SURF – Application specific • Power Distribution • Renewables products – LV, MV (P-Laser) • Elevator • Network components • Other industrial (aviation, branchment, other) – joints, connectors and terminations from LV to EHV

Company Presentation – November 2013 46 Utilities – Power Transmission

Business description Key customers

High/extra high voltage power transmission Customer base drawn from all major national solutions for the utilities sector transmission networks operators

• Underground High Voltage Cabling solutions for power plant sites and primary distribution networks

• Submarine High Voltage Turnkey cabling solutions for submarine power transmission systems at depths of up to 2,000 meters

• Network components Joints, connectors and terminations for low to extreme high voltage cables suitable for industrial, building or infrastructure applications and for power transmission and distribution

Company Presentation – November 2013 47 Utilities – Investing in submarine to increase ROCE Strengthening production and installation (GME acquisition) capabilities

Arco Felice (Italy) Drammen (Norway) Pikkala (Finland)

Main projects in execution/order backlog: 1. Western Link 2. HelWin 1-2/ SylWin 1/ BorWin 2/ DolWin 3 1 2 / Deutsche Bucht 8 3. Hudson 10 7 5 3 9 4. Messina 4 5. Dardanelles 6. Phu Quoc 7. Mon.Ita 6 8. Normandie 3 9. Balearic Islands 10. Capri US Offshore platforms

- Length overall: 133.2m - Length overall: 115m - Depth moulded: 7.6m - Depth moulded: 6.8m Giulio Verne - Gross tonnage: 10,617 t Cable Enterprise - Gross tonnage: 8,328t

Company Presentation – November 2013 48 Utilities – Off-shore wind development in Europe still at early stage High visibility on new projects to be awarded next quarters

Europe Offshore Wind capacity (GW) Europe 2012 Cumulated Capacity by Country

Cumulated Offshore Wind capacity (L axis) Others 0.2 GW Annual Additional capacity (R axis) Netherlands 0.3 GW

2820 1.4 Germany 0.3 GW 2618 5.0 GW UK 1.2 Belgium 0.4 GW 2.9 GW

2416 18.4

14 1 Thousands 12 0.8 Denmark 0.9 GW 10 0.6 8 4.5 6 0.4 Consented Offshore Capacity by Country 4 0.2 2 5.0 Others* 3.0 3.8 1.5 2.1 18% 0 0 Sweden Germany 5% 38% Estonia 18.4 GW 5%

• Capacity Increase: 1.2 GW in 2012 Ireland • Total capacity: 5.0 GW at end 2012 (+30% vs. 2011) 9%

• Under construction: 4.5 GW at end 2012 UK Netherlands 10% • Consented: 18.4 GW 15% * Include Finland, Belgium, Greece, Italy, Latvia, France Source: EWEA (January 2013)

Company Presentation – November 2013 49 Utilities – Transmission Changing Energy generation mix implies a re-engineering of transmission grids

Main primary drivers for grid development in Europe toward 2020 Evolution of the generation mix Scenario EU2020

2012 a)

320 458 963 GW

53 126

2020 a)

456 536 1,214 GW

132 82

Renewable Energy Sources Hydro (non RES) Nuclear Fossil fuels  250GW total capacity increase in 2012-20  Over 200GW come from wind and solar development

a) Total 2012-2020 include Other sources for Source: ENTSO-E TYNDP 2012 (July 2012). RES stands for Renewable Energy Sources respectively 6 and 8GW. Source: ENTSO-E

Company Presentation – November 2013 50 Utilities – Transmission Update on transmission projects of pan-European significance

Main subsea and underground projects of pan-European significance List of main projects

Main power flow trends 2. Italy – France

Main subsea & underground projects in design & permitting 3. Germany (Borwin III & IV, Sylwin II) Main planned subsea & underground projects 4. Germany (Baltic Sea East & West) 7 5. Cobra (NL-DK) 8 10 6. France – UK (Eurotunnel) 16 15 18 7. UK Caithness 4 8. Western Isles Link 3 5 9. Schwanden-Limmern (CH) 10. Västervik – Gotland 17 14 11. Tunisia – Italy 6 12. Marseille – Languedoc 13. Calan – Plaine-Haute 13 9 14. Belgium – Germany 15. Norway – Germany

2 16. Norway – UK 12 17. Nemo (UK-BE) 1 18. Denmark – Germany

Already awarded: 1. Italy – Montenegro 3. Germany (Dolwin III) 11 Source: ENTSO-E Update of TYNDP 2012 (July 2013)

Company Presentation – November 2013 51 Utilities – Submarine Systems

Key success factors Latest Key projects Customers Period €m (1)

Capri Terna 2014-15 70 • Track record and reliability US Offshore platforms ExxonMobil's 2014-15 $100m • Ability to design/execute turnkey Balearic Islands Red Eléctrica de España 2014-15 85 solution • Quality of network services Deutsche Bucht TenneT 2014-15 50 • Product innovation DolWin3 TenneT 2014-16 350 • State-of-the-art cable laying ship Normandie 3 Jersey Electricity plc 2013-14 45 Mon.Ita Terna 2013-16 400 Dardanelles TEIAS 2012-14 67 Phu Quoc EVNSPC 2012-14 67 Action plan Western Link NGET/SPT Upgrades 2012-15 800 HelWin2 TenneT 2012-15 200 Increased installation capacity thanks to Hudson Project Hudson Transm. Partners LLC 2012-13 $175m GME acquisition. SylWin1 TenneT 2012-14 280 Capacity expansion completed in Pikkala. Ongoing capacity increase in HelWin1 TenneT 2011-13 150 Arco Felice and Drammen to BorWin2 TenneT 2010-13 250 support growth next years through: Messina Terna 2010-13 300 Kahramaa Qatar General Elect. 2009-10 140 • Leverage on strong off-shore wind- Greater Gabbard Fluor Ltd 2009-10 93 farms trend • Secure orders to protect long-term Cometa Red Eléctrica de España 2008-11 119 growth Trans Bay Trans Bay Cable LLC 2008-10 $125m • Focus on flawless execution Sa.Pe.I Terna 2006-10 418 Neptune Neptune RTS 2005-07 159 GCC Saudi - Bahrain Gulf Coop. Council Inter. Aut. 2006-10 132 Angel development Woodside Rathlin Island N.Ireland Electricity Ras Gas WH10-11 J. Ray Mc Dermott (1) Prysmian portion of the project

Company Presentation – November 2013 52 Utilities – Western Link a milestone in the submarine sector Confirmed leadership in terms of know-how and innovation capabilities

Western Link route Large Off-shore Wind investments planned in Scotland

Western Link milestones

• The highest value cable project ever awarded, worth €800 mln • The highest voltage level (600kV) ever reached by an insulated cable • Currently unmatched transmission capacity for long-haul systems of 2,200MW • Over 400km of HVDC cable, bi-directional allowing electricity to flow north or south according to future supply and demand • First time HVDC technology has been used as an integral part of the GB Transmission System • Commissioning scheduled by late 2015

Source: www.offshorewindscotland.org, www.westernhvdclink.co.uk

Company Presentation – November 2013 53 Utilities – Power Distribution

Market drivers Key customers

Key customers are all major national distribution network operators • Long term growth in electricity consumption

• Mandated improvements in service quality

• Investment incentives to utilities

• Urbanization

Key success factors Action plan

• Time to market • Improve service level and time to market

• Quality of service • Reduce product cost • Cable design optimization • Technical support • Alternative materials / compounds introduction • Cost leadership • Process technologies improvement

• Customer relationship • Innovate • New insulation materials • P-LASER launch in Europe

Company Presentation – November 2013 54 Trade & Installers

Business description Key customers

• Key customers include major: • Low voltage cables for residential and non • Specialized distributors residential construction

• Channel differentiation with both: • Direct sales to end customers (Installers) • General distributors • Indirect sales through • Specialized distributors • General distributors • Wholesalers • Do-it-yourself/modern distribution

• Wide range of products including • Wholesalers • Value added fire retardant • Environmental friendly • Specialized products • Installers

Company Presentation – November 2013 55 Trade & Installers

Key success factors Product overview

• Product range • On-time delivery / Product availability • Inventory/WC management

• Cost leadership +

• Channel management Fire Performance/

• Customers’ relationship Accessories

Specials High-End

Low Smoke Action plan Zero Halogen

Technology content Technology Medium • Continuously redefine product portfolio Voltage Middle- • Focus on high-end products (e.g. Fire Range Performance) Building Wires flex • Exploit channel/market specificity Low • Focus on wholesalers and installers Voltage • Protect positioning in high margin Low-End countries Building • Grow global accounts Wires rigid - • Continuously improve service level

• Benefit from changes in regulatory regime

Company Presentation – November 2013 56 Industrial

Business description Key customers

Integrated cable solutions highly customized to our Large and differentiated customer base industrial customers worldwide generally served through direct sales

Oil & Gas Addressing the cable needs of research and refining, exploration and production. Products range from low & medium voltage power and control cables to dynamic multi-purpose umbilicals for transporting energy, telecommunications, fluids and chemical products

Renewable Advanced cabling solutions for wind and solar energy generation contribute to our clients increased efficiency, reliability and safely

Surf (Subsea umbilical, riser and flowline) SURF provides the flexible pipes and umbilicals required by the petro-chemicals industry for the transfer of fluids from the seabed to the surface and vice versa

Elevator Meeting the global demand for high-performing, durable and safe elevator cable and components we design manufacture and distribute packaged solutions for the elevator industry

Auto & Transport Products for trains, automobiles, ships and planes including the Royal Caribbean’s Genesis fleet (world’s biggest ship) & Alstom designed TGV (world’s fastest train)

Specialties & OEM Products for mining, crane , marine, rolling stock, nuclear and other niches

Company Presentation – November 2013 57 Industrial – Off-shore oil exploration Oilfield structure

Flexible Pipes

Fixed Floating Platform Floating Platform (SEMI-SUBMERSIBLE) Platform (FPSO)

Umbilical Injection control

Umbilical (Power)

Flexible Pipes Umbilical For control

Christmas Manifold Tree

Petrol Well

Company Presentation – November 2013 58 Industrial – Off-shore oil exploration Cross selling opportunities driven by the new Downhole technology business contributed by Draka

Downhole Technology (DHT)

HYBRID ELECTRO-OPTIC

FIBER OPTIC

ELECTRICAL

GAS & FLUID TUBING

PACKAGED GAS & FLUID TUBING

Company Presentation – November 2013 59 Macro-structure of Energy Cables

Product macro structure Production process

Conductor Final production Insulation Screening Lay up Armouring Sheathing quality Outer jacket (drawing, inspection (Polyolefine, PVC, Insulation (XLPE, EPDM) stranding) …) WB yarns

Conductor (Cu, Al) Building Wire (T&I)

Low Voltage (T&I+PD)

Medium Internal Voltage Semiconductive High voltage Cu tape (PD+HV) External Semiconductive Industrial Cables (Industrial)

Company Presentation – November 2013 60 AGENDA

 Group Overview & 2013 Outlook

 Corporate Social Responsibility

 Draka integration

 Financial Results

 Appendix – Telecom

Company Presentation – November 2013 61 Major Players within the Telecom Industry

Competitive scenario

Global

Continental MarketPresence

YOFC Local

Niche Focused Wide

Product Portfolio Range

Company Presentation – November 2013 62 Our Telecom Business

Business description Key customers

Integrated cable solutions focused on high -end Telecom Key customers include key operators in the telecom sector Telecom solutions Optical cables: tailored for all today’s challenging environments from underground ducts to overhead lines, rail tunnels and sewerage pipes Copper cables: broad portfolio for underground and overhead solutions, residential and commercial buildings Connectivity: FTTH systems based upon existing technologies and specially developed proprietary optical fibres

MMS Multimedia specials: solutions for radio, TV and film, harsh industrial environments, radio frequency, central office switching and datacom Mobile networks: Antenna line products for mobile operators Railway infrastructure: Buried distribution & railfoot cables for long distance telecommunication and advanced signalling cables for such applications as light signalling and track switching

Optical Fiber Optical fiber products: single-mode optical fiber, multimode optical fibers and specialty fibers (DrakaElite) Manufacturing: our proprietary manufacturing process for Plasma-activated Chemical Vapor Deposition and Licensed OVD Technology (600 unique inventions corresponding to > 1.4K patents) positions us at the forefront of today’s technology

Company Presentation – November 2013 63 Optical cables Global overview

Market trends Key success factors

• Demand function of level of capital expenditures • Continuous innovation and development of new budgeted by large telecom companies cable & fibre products (PTT/incumbents as well as alternative • Cable design innovation with special focus on operators) for network infrastructures, mainly installation cost reduction as a consequence of: • Relentless activity to maintain the highest quality • Growing number of internet users data and service level traffic • Focus on costs to remain competitive in a highly • Diffusion of broadband services / other high- price sensitive environment tech services (i.e. IPTV)

Strategic value of fibre Action plan

• Fibre optic represents the major single • Maintain & reinforce position with key component cost of optical cables established clients • Fibre optic production has high entry barriers: • Further penetration of large incumbents in • Proprietary technology or licenses difficult emerging regions to obtain • Optimize utilization of low cost manufacturing • Long time to develop know-how units • Capital intensity • Expand distribution model in Domestic & Export • When fibre optic is short, vertically integrated • Streamline the inter-company process cable manufacturers leverage on a strong • Fully integrated products sales competitive advantage • Refocus on export activities • Increase level and effectiveness of agents

Company Presentation – November 2013 64 Telecom Cables Main Applications

BACKBONE METROPOLITAN RING ACCESS NETWORK

Company Presentation – November 2013 65 Telecom – Solid drivers in optical confirmed despite weak 2013 Growing investments expected in South America, EMEA and APAC

Global optical cables demand

17%

-12%

+18% Prysmian 2015 vs. 2012 Sales* Market Growth 33% North America Prysmian 2015 vs. 2012 +25% Sales* Market Growth 42% EMEA

+37% Prysmian 2015 vs. 2012 Sales* Market Growth 8% APAC

Prysmian 2015 vs. 2012 Sales* Market Growth South America

* % calculated on LTM 9M’13 Sales of Optical, Connectivity & Fiber + JVs (LTM 9M’13 total sales approx. € 0.8bn) Source: CRU, October 2013

Company Presentation – November 2013 66 Telecom – FTTA as key driver of optical demand 4G and Long Term Evolution (LTE) deployments require Fiber-to-the-Antenna (FTTA)

Number of Global LTE Subscribers Forecast Millions of users Roof top antenna towers for urban applications

Antenna towers used by 4G and LTE networks Source: IHS iSuppli Research, January 2013

Distributed antenna systems for dense mobile populations areas

Company Presentation – November 2013 67 Consolidated leadership in Australia to benefit from new NBN project Start-up of National broadband network in 2011

Rollout plan for National Broadband Network

• Government initiative to provide direct fibre connection to 93% of Australian subscribers (residential and business) • AUD 43 bn capex planned during the period (2011-2019); construction started in 2011 • Telstra and NBN agreed to jointly develop the new network • Prysmian signed a 5-year agreement with NBN as major supplier of optical cables for the network (AUD 300m) • Prysmian signed new 4-year frame agreement with Telstra to supply optical and copper cables • Large part of existing and new Telstra cable infrastructure being used within the NBN network • Prysmian doubling optical cable capacity in Priority locations Australian Dee Why site

First release sites

Second release sites

Cities/Towns

Company Presentation – November 2013 68 Macro-structure of Telecom Cables

Product macro structure Production process

Fibre Primary Coating (250 Micron) optic Cladding (125 Micron) Final quality Core (10 Micron) Pre form deposition Consolidation Drawing inspection Main Technologies: OVD - VAD - MCVD

Aramid Yarns Loose tubes Optical Optical fibres cables Armouring Final Colouring Buffering Lay up (yarn or Sheathing quality metal) Central inspection Fillers strength (Tracking resistant) Sheath member Sheathing Compound Ripcords

Screen/Armour Copper Stranded pairs core

cables Final Conductor Insulation Twinning Lay up Armouring Sheathing quality production inspection

Outer sheath Insulated Conductors

Company Presentation – November 2013 69 AGENDA

 Group Overview & 2013 Outlook

 Corporate Social Responsibility

 Draka integration

 Financial Results

 Appendix – Financials

Company Presentation – November 2013 70 Bridge Consolidated Sales Euro Millions Total Consolidated (3.9%) ( 228 ) (99 ) (163 ) 48

5,930 5,440 5,488

9M 2012 Org.Growth Metal Effect Exchange Rate 9M 2013 L-f-L Perimeter effect 9M 2013

Energy Cables & Systems Division (1.3%) (64 ) (92 ) ( 135 ) 33

4,801 4,510 4,543

9M 2012 Org.Growth Metal Effect Exchange Rate 9M 2013 L-f-L Perimeter effect 9M 2013

Telecom Cables & Systems Division (14.6%) ( 164 ) ( ) 7 ( 28 ) 15

1,129 930 945

9M2012 Org.Growth Metal Effect Exchange Rate 9M 2013 L-f-L Perimeter effect 9M 2013

Company Presentation – November 2013 71 Energy Segment – Profit and Loss Statement Euro Millions

9M 2013 9M 2012 FY 2012

Sales to Third Parties 4,543 4,801 6,382 YoY total growth (5.4%) YoY organic growth (1.3%)

Adj. EBITDA 353 348 487 % on sales 7.8% 7.3% 7.6%

Adj. EBIT 275 268 379 % on sales 6.0% 5.6% 5.9%

Company Presentation – November 2013 72 Energy Segment – Sales and Profitability by business area Euro Millions, % on Sales

Total Organic 9M 2013 9M 2012

growth growth

Utilities 1,650 1,678 (1.7%) (0.8%)

Trade & Installers 1,471 1,653 (11.0%) (5.1%)

Industrial 1,340 1,371 (2.3%) 3.0%

Others 82 99 n.m. n.m.

Total Energy 4,543 4,801 (5.4%) (1.3%) Sales to Third Parties Third to Sales

9M’13 % 9M’12 %

on Sales on Sales

Utilities 192 185 11.7% 11.0% Trade & Installers 61 62 4.1% 3.7% Industrial 97 101 7.2% 7.3%

. EBITDA . Others 3 - n.m. n.m.

Total Energy 353 348 7.8% 7.3% Adj

Utilities 162 159 9.8% 9.3% Trade & Installers 41 41 2.8% 2.5% Industrial 71 70 5.3% 5.1% . EBIT . Others 1 (2) n.m. n.m.

Adj Total Energy 275 268 6.0% 5.6%

Company Presentation – November 2013 73 Telecom Segment – Profit and Loss Statement Euro Millions

9M 2013 9M 2012 FY 2012

Sales to Third Parties 945 1,129 1,466 YoY total growth (16.3%) YoY organic growth (14.6%)

Adj. EBITDA 91 120 160 % on sales 9.7% 10.6% 10.9%

Adj. EBIT 54 81 104 % on sales 5.7% 7.3% 7.1%

Company Presentation – November 2013 74 Financial Structure Euro Millions

Debt structure (€m) 30.09.2013 (€m)

30.09.13 30.06.13 31.12.12 Used Available Funds (2) Maturity

Term Loan 184 184 670 184 - 12/2014 Revolving Credit Facility 75 - - 75 321 12/2014 Eurobond 5.25% 408 403 413 408 - 04/2015 Convertible bond 1.25% 261 260 - 261 - 03/2018 Securitization - 116 75 - - - Term Loan 2011 400 400 400 400 - 03/2016 Revolving 2011 75 - - 75 325 03/2016 Other Debt 279 382 290 279 - - Total Gross Debt 1,682 1,745 1,848 1,682 646 2.2 y (1) Cash & Cash equivalents (321) (386) (812) (321) 321 Other Financial Assets (104) (99) (97) (104) 80 NFP Vs third parties 1,257 1,260 939 1,257 1,047 Bank Fees (11) (12) (21) NFP 1,246 1,248 918

(1) Average maturity as of 30 September 2013 excluding other debt (2) Defined as Cash and Unused committed credit lines Note: Compound average spread on used committed credit lines equal to 2.1%

Company Presentation – November 2013 75 Prysmian Historical Key Financials Euro Millions, % of Sales – Pre Draka acquisition

SalesSales Adjusted EBITDA (1) AdjustedAdjusted EBIT EBIT1 (2)

529 542 5,007 5,118 5,144 4,571 464 477 407 403 3,742 3,731 387

330 334

309

265

171

+4.2% * +4.2%

+8.2% * +8.2%

+9.3% * +9.3%

+3.2% * +3.2%

17.4% * 17.4% -

2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 * Organic Growth 7.1% 8.1% 10.3% 10.5% 10.8% 8.5% 4.6% 6.6% 9.1% 9.3% 9.0% 6.8%

AdjustedAdjusted Net EBIT Income1 (3) Operative NWC (4) Net Financial Position

332 525 299 892 879 716 206 577 175 173 465 451 457 474 459 440

2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 3.5% 5.8% 6.5% 5.5% 3.8% 8.6% 10.6% 9.5% 12.2% 9.2%

(1) Adjusted excluding non-recurring income/expenses; (2) Adjusted excluding non-recurring income/(expenses) and the fair value change in metal derivatives and in other fair value items; (3) Adjusted excluding non-recurring income/(expenses), the fair value change in metal derivatives and in other fair value items, exchange rate differences and the related tax effects; (4) Operative Net Working capital defined as Net Working Capital excluding the effect of derivatives; % of sales is defined as Operative Net Working Capital on annualized last quarter sales. Note: 2005 Adj. Net Income and 2005 Operative NWC figures are not available

Company Presentation – November 2013 76 Historical Key Financials by Business Area – Utilities and T&I Euro Millions, % of Sales – Pre Draka acquisition

Sales Vs Third Parties Adjusted EBITDA (1) Adjusted EBIT (2)

256 2,028 287 237 1,853 1,894 266 1,790 250 208 215 1,598 237 1,445 197

157

143

107

Utilities

+12.1% * +12.1%

+3.3% * +3.3%

+1.5% * +1.5%

13.9% * 13.9% -

2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010

* Organic Growth 9.9% 10.6% 12.5% 14.2% 16.7% 14.0% 7.4% 8.4% 11.0% 12.6% 14.7% 12.0%

Sales Vs Third Parties Adjusted EBITDA (1) Adjusted EBIT (2)

1,802 155 1,645 1,629 137 1,465 119

1,189 113 101 100

1,020

62 T&I

41 38 5.0% * 5.0%

+7.1% * +7.1% 36 - 26

+6.6% * +6.6% 20

21.5% * 21.5% -

2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010

* Organic Growth 5.2% 7.2% 8.6% 6.9% 4.0% 2.4% 3.2% 6.1% 7.6% 6.1% 2.5% 1.4%

(1) Adjusted excluding non-recurring income/expenses; (2) Adjusted excluding non-recurring income/expenses, the fair value change in metal derivatives and in other fair-value items

Company Presentation – November 2013 77 Historical Key Financials by Business Area – Industrial and Telecom Euro Millions, % of Sales – Pre Draka acquisition

Sales Vs Third Parties Adjusted EBITDA (1) Adjusted EBIT (2)

850 93 795 80 84 742 71 629 628

62 61

489 46 42 46 39 34

25

+5.0% * +5.0%

1.1% * 1.1%

+21.1% * +21.1%

-

Industrial

16.1% * 16.1% -

2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010

* Organic Growth 8.0% 7.2% 10.6% 10.9% 9.8% 8.3% 5.1% 5.3% 9.0% 9.4% 7.3% 5.7%

Sales Vs Third Parties Adjusted EBITDA (1) Adjusted EBIT (2)

535 536 45 506 44 48 49 450 424 35 403 39 36 29

31

25

19

Telecom

+6.3% * +6.3%

+5.2% * +5.2%

+1.2% * +1.2% 20.7% * 20.7% - 1

2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010

* Organic Growth 4.4% 7.2% 8.6% 9.0% 7.6% 7.9% 0.3% 6.6% 7.9% 8.4% 6.1% 6.3%

(1) Adjusted excluding non-recurring income/expenses; (2) Adjusted excluding non-recurring income/expenses, the fair value change in metal derivatives and in other fair-value items

Company Presentation – November 2013 78 AGENDA

 Group Overview & 2013 Outlook

 Corporate Social Responsibility

 Draka integration

 Financial Results

 Appendix – Cable Industry Reference Market

Company Presentation – November 2013 79 The Global Cables Reference Market World-Wide Cable Reference Market Size, 2012

2012 Global Cables Reference Market Energy Cables Reference Market (~€94bn)

Latin North Latin America € 118 bn America America North 4% 13% 4% America 16%

EMEA APAC 30% 53%

EMEA APAC 30% 50% Telecom Cables Reference Market (~€24bn )

Latin America North 5% America 26%

Energy Cables Telecom Cables Reference Market Reference Market APAC ~€94bn ~€24bn 39% • Trade and • Optical cables and Installers fiber • Utilities • Copper Cables EMEA • Industrial • MMS 30%

Source: Company analysis based on CRU data – October 2013. Prysmian reference markets are obtained by excluding from the global cable market the segments where the company does not compete (winding wire for energy business). Energy = Low Voltage and Power Cable; TLC = External Copper Tlc Cable, Fibre Optic, Internal Telecom/Data

Company Presentation – November 2013 80 Market Volumes Trend

Energy Cables Reference Market

Million Tons • Long term growth driven by: Conductor • Energy consumption 13.1 13.7 11.9 12.5 11.2 11.6 10.3 10.7 10.7 9.5 10.0 • Investments in power grid 8.5 9.0 interconnections 7.4 7.8 6.5 6.7 6.9 7.1 CAGR: 4.2% • Investments in power transmission and distribution CAGR: 4.2%

• Infrastructure investments

'98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 12 '13E '14E '15E 16E • Renewable energy

Telecom Cables Reference Market

Optical Fiber Cables Copper Cables Million Km Fibre Million Km Pair 282287 284 253 259 275 268 257 242 211 215 205 207 196 187 172 172 157 CAGR: -7.7% 142 136 116 106 102 91 95 92 CAGR: 4.1% 93 85 70 76 71 66 66 55 54 57 62 45 CAGR: 12.8% CAGR: -7.5%

'98 '00 '02 '04 '06 '08 '10 12 '14E 16E '98 '00 '02 '04 '06 '08 '10 12 '14E 16E

Market growth driven by increased investment in fibre access Steady decline of copper cables expected to continue networks (FTTx) and LTE

Source: Company analysis based on October 2013 CRU data. Energy = Low Voltage and Power Cable; TLC = External Copper Tlc Cable, Fibre Optic, Internal Telecom/Data

Company Presentation – November 2013 81 Reference Scenario Commodities & Forex

Brent Copper Aluminium

Brent $/bbl Copper $/ton Aluminium $/ton Brent €/bbl Copper €/ton Aluminium €/ton 150 12,000 3,500

125 10,000 3,000 2,500 100 8,000 2,000 75 6,000 1,500

50 4,000 1,000

25 2,000 500 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-08Jan-09Jan-10Jan-11Jan-12Jan-13 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13

EUR / USD EUR / GBP EUR / BRL

1.60 0.95 3.60

0.90 1.50 3.20

0.85 1.40 2.80 0.80

1.30 2.40 0.75

1.20 0.70 2.00 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13

Based on monthly average data Source: Thomson Reuters

Company Presentation – November 2013 82 Disclaimer

• The managers responsible for preparing the company's financial reports, A.Bott and C.Soprano, declare, pursuant to paragraph 2 of Article 154-bis of the Consolidated Financial Act, that the accounting information contained in this presentation corresponds to the results documented in the books, accounting and other records of the company.

• Certain information included in this document is forward looking and is subject to important risks and uncertainties that could cause actual results to differ materially. The Company's businesses include its Energy and Telecom cables and systems sectors, and its outlook is predominantly based on its interpretation of what it considers to be the key economic factors affecting these businesses.

• Any estimates or forward-looking statements contained in this document are referred to the current date and, therefore, any of the assumptions underlying this document or any of the circumstances or data mentioned in this document may change. Prysmian S.p.A. expressly disclaims and does not assume any liability in connection with any inaccuracies in any of these estimates or forward-looking statements or in connection with any use by any third party of such estimates or forward-looking statements. This document does not represent investment advice or a recommendation for the purchase or sale of financial products and/or of any kind of financial services. Finally, this document does not represent an investment solicitation in Italy, pursuant to Section 1, letter (t) of Legislative Decree no. 58 of February 24, 1998, or in any other country or state.

• In addition to the standard financial reporting formats and indicators required under IFRS, this document contains a number of reclassified tables and alternative performance indicators. The purpose is to help users better evaluate the Group's economic and financial performance. However, these tables and indicators should not be treated as a substitute for the standard ones required by IFRS.

Company Presentation – November 2013 83