1 FS Italian Railways USA – A company of the FS Group Including about 100 companies in 5 continents, in more than 60 Countries Ministry of Economy and Finance Ministry of Infrastructure and Transport

100% Ferrovie dello Stato Italiane

100% 100% 100% 100% 100% 100% 55,7 % 100% RFI Italferr FS International FSFS IR USAUSA Mercitalia Group Italcertifer ANAS

Rail infrastructure Rail Operator for Civil and rail Multi-disciplinary Integrated solutions Integrated logistic Certification of rail Roads & Highways manager passenger in Italy engineering & Integrated solutions operator in USA Operator components and Operator worldwide (rail&road) systems

36,7% 100 % 100% 100% 100% 100% 100% 100% M5 Group Trenitalia UK100% Trainose Busitalia Group TX Logistik GS Rail FS Technology

Concessionaire Regional passenger Rail Operator for Rail Operator for Bus Operator Rail Operator Requalification and IT & Digital solutions Lilla line (line 5) of transport operator passenger in the UK passenger & freight in for public transport for freight in development of provider the Milan Metro (rail&road) in Germany Greece Europe stations

100% Rail and Bus Operator for public transport in the Netherlands

2 FS Italian Railways – High Speed excellence in Italy

1st in the World for...

Implementation of the highest level of Operation on a High Speed national Biosafety Trust Certification for best practices technology and safety up to 300 km/h network in open competition (2012) in infections prevention and control, including (ERTMS/ETCS* level 2 system, 2005) the Covid-19 pandemic (2021)

Most technologically-advanced Environmental Impact Certification for High Speed rail service dedicated to freight diagnostic for High Speed line at Frecciarossa 1000 High Speed train (Mercitalia Fast, 2018) 300 km/h 1st in Europefor... Launch of a High Speed line service Fully interoperable High Speed train, New High Speed trains, almost 100% at 250 km/h (Direttissima line able to travel on all European high- recyclable, financed by Green Bonds (2017) Florence-Rome, 1977) speed networks (Frecciarossa 1000)

3 FS Italian Railways International business approach

PASSENGER TRANSPORT INFRASTRUCTURE AND FREIGHT AND ENGINEERING

ILSA

STRETTAMENTE CONFIDENZIALE 4 FS USA – Global Mobility Solutions A multi-disciplinary products & services portfolio

Very High Speed, HS rail Regional, Suburbanrail Fast Freight Conventional Freight Bus

Stations Logistic centres & Hubs

Urban Systems/Asset Mgt Mass Transit (Metro & LRT)

Roads & highwaysinfra ICT

Innovative Technologies Operation & Maintenance

Rail infrastructure Roads & Highways Engineering Certification Diagnostic, homologation

5 Passenger Transport Global Mobility Solutions

FS USA applies the FS Group capabilities in various areas of mass mobility, also through proven partners: High-Speed Rail (HSR), conventional rail, Bus Rapid Transit (BRT), metro and Light Rail Transit (LRT). We can rely on a wide range of innovative solutions in terms of service attractiveness, capacity & frequency, system transport and network integration, friendly access to transport and ancillary services, comfort on board and smart stations. We are fully committed towards Health Safety Quality and Environment (HSQE) aspects and local partners’ selection with recognized experience, strong reputation and sound financials.

We care from design and planning to execution: • schedules; • marketing & loyalty programs; • fare strategy & collection system; • customer service on board and at the stations; • operation of the service, inspection & maintenance of fleet and facilities; • operation, inspection & maintenance of infrastructures and sub-systems.

6 Integrated logistics & freights Global Mobility Solutions

FS USA offers a wide know-how on logistics and rail services integration in a context of safety, clear procedures, up to date technical rules, international best practices and dynamic time frames. We are specialized in enhancing the real estate value of logistics facilities and in providing integrated logistics services for the consumer goods sector, retails and derivatives.

In order to boost logistic performances, we support the management of freight flows, depots, terminals, ports, customs procedures, while taking care of related matters such as legal framework, finance, insurance, IT and security. We put at your service the FS Group’s consolidated experience to design, build, revise and operate rail terminals, also in partnership with local operators.

Our team realizes solutions to optimize rail sidings and connections between ports and rail terminals, as well as between rail infrastructures and factories/quarries plants, in order to guarantee the speeding up of the logistic chain and the growth of customers loyalty. Furthermore, we bring innovative technologies applied to freight services: track and trace, sensors for productivity and safety enhancement, advanced customer care, smart planning, and paperless procedures.

7 Infrastructure Global Mobility Solutions

FS USA provides services and expertise throughout the rail infrastructure sector, focusing on maximization of the availability and reliability of the network and assets through a whole life cycle approach (capital + operating costs), aiming at strengthening safety and efficiency according to RAMS (Reliability, Availability, Maintainability, Safety) philosophy and procedures. An area of particular excellence regards traffic management of various operators on the same network, guaranteeing fair and not discriminatory access to the railway undertakings: the Italian high speed network has been the first in the world to be managed in open competition (2012).

FS USA offers the following innovative solutions: • Project and design preparation, based on BIM (Building Information Modeling); • Analysis of infrastructure resilience; • Assessment of railway projects sustainability; • Safety analysis and diagnosis of railway structures; • Drafting of design standards and carrying out of approval processes; • Socio-economic analysis and regional studies.

8 Digital Technology Global Mobility Solutions

FS USA benefits of the FS Group experience to implement and enhance the digital innovation of the industrial processes of the mobility activities, ensuring better quality, efficiency and time-to-market services for people.

All FS processes are managed through integrated scalable software solutions: • Utilization of customized software components and applications; • Integrated systems contributing to a high level of reliability and efficiency; • Availability of skilled and qualified Partners team.

We offer also experience and solutions, in connection with our partners, aimed at adopting new technologies, such as Blockchain, Artificial Intelligence, Robotics, Big Data management and Internet of Things (IoT), based on modern cloud infrastructure and innovative 5G networks. We dedicate special attention to the optimization of predictive diagnostics, so as to reduce the unavailability of the railway infrastructure in case of failures or anomalies, and we target the improvement of the standards of punctuality and regularity of rail traffic.

9 Asset Management Global Mobility Solutions

FS USA can rely on FS Group's certified asset management system, compliant with the international ISO 55001 standards, which is the first and only certification obtained in Italy for this segment of rail activities. We are among the first operators of the railway infrastructure to boast a similar recognition, considering the vast extension of the managed railway network.

The key benefits of our integrated and optimized asset management system are: • satisfactory Return on Investments (ROI) and stable growth; • long-range planning ability and performance sustainability; • improved risk management and corporate governance; • possibility to prove cost-benefit choices within a regulated funding system; • overall improvement in customer satisfaction.

10 Safety & Security Global Mobility Solutions

Safety Management System (SMS), involves the entire FS Group organization and sub-contractors in ensuring legal and regulatory compliance, adequate protection of people and of assets. The SMS is closely interconnected with the Quality Assurance System and therefore its structure is aligned with the guidelines of the International Standards of ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018. SMS obtained all the certifications from an independent company to the accreditation to the international standards (ISO 9001, 14001 and OHSAS 18001).

The FS Group was the first developer of the innovative European Rail Traffic Management System (ERTMS) Level 2 that has been applied to the Italian High-Speed railway lines, so contributing to optimize railway traffic and to reduce the number of accidents. Furthermore, the ATC and ATP (Automatic Train Control/Protection) systems have been installed over the entire network and on board the trains. The effectiveness of this approach has led to a continuous reduction of accidents within the FS Group infrastructure network, as classified by the International Union of Railways (UIC).

11 Advisory & Consultancy Global Mobility Solutions

FS USA proposes several types of tailor-made packages related to the entire lifecycle of a railway project.

1. STUDY PACKAGES: • Feasibility Studies; • Commercial Railway Planning; • Operational Railway Planning; • Sustainability Project Appraisal; • Benefit Cost Analysis.

2. DESIGN & CONSTRUCTION PACKAGES: • Railway Design; • Procurement assistance services; • Design Audit and Assessment; • Works Supervision and Project Management Consultancy (PMC).

3. INSTITUTIONAL FRAMEWORK, STRATEGY & TRAINING PACKAGES: • Management and Strategy; • Training and Study tours (on-line modules and classroom trainings).

12 FS USA and US High Speed Rail Association A powerful partnership

The US High-Speed Rail Association is the premier membership advocacy organization and trade association advancing fast rail in America. The US HSR Association was founded in 2009 as an independent non-profit organization with the mission to build widespread public, business, and political support for a major federal investment in America's national rail network.

FS USA has decided to partner the US High-Speed Rail Association as a VIP member and work together in developing high-speed rail in the US.

Check out more on: http://www.ushsr.com/vipmembers/

STRETTAMENTE CONFIDENZIALE 13 FS Italian Railways USA 350 Fifth Avenue – 41st Floor New York, NY 10118 (Principal Executive Office)

United States of America [email protected] 14