Company presentation

ASTALDI COMPANY PROFILE, June 2017 A LEADING EPC CONTRACTOR…

HIGHLIGHTS FY 2016 FIGURES BREAKDOWN

° Leading global player in infrastructure, operating in high-growth 2016 FY R EVENUE AT OVER €3 BN end-markets (e.g. roads and motorways, railways and undergrounds, ports Africa (Algeria) 5.1% Asia (Middle East) 0.5% and airports) America 34.8% ° Specialized EPC contractor providing fully “integrated offer” ° Strong track record on successful large and complex projects execution ° World class technical and engineering skills to create innovative solutions 15.7% ° 53 rd International Contractor worldwide (*) Rest of Europe 43.9% * 2016 ENR Global Contractor List referring to 2015 consolidated figures

KEY FIGURES EVOLUTION 2016 FY B ACKLOG IN EXECUTION AT OVER €19BN BACKLOG IN EXECUTION (€BN) Concessions International Italy 41% 23% +9% 19.5 17.8

13.3 13.8 10.0 10.2 Construction International 28%

Concessions Italy 8% 2011A 2012A 2013A 2014A 2015A 2016A

ASTALDI COMPANY PROFILE, June 2017 WITH GEOGRAPHICAL PRESENCE AND…

CONSTRUCTION PROJECTS NEW MARKETS SCOUTING MARKETS CONCESSION PROJECTS Algeria Honduras Oman Russia Argentina Bolivia Indonesia Peru Saudi Arabia Panama Balkans Georgia Chile Canada Italy Poland U.S.A. Scandinavia Cuba Iran Italy Chile Nicaragua Romania U.A.E. Singapore Czech Republic Mexico Turkey

ASTALDI COMPANY PROFILE, June 2017 … WITH A BROADLY DIVERSIFIED BUSINESS MODEL

2016 KEY CONSOLIDATED FIGURES : ò REVENUES : MORE THAN € 3 BILLION (+5.2% YOY ) ò TOTAL BACKLOG (1) : MORE THAN €27 BILLION ò APPROX . 100 PROJECTS IN OVER 20 COUNTRIES ò OVER 11,500 EMPLOYEES

CONSTRUCTION CONCESSION

TRANSPORT CIVIL & I NDUSTRIAL PLANT DESIGN & CONCESSION WATER & E NERGY O&M INFRASTRUCTURE BUILDING ENGINEERING PARTICIPATIONS

WORLDWIDE RANKINGS (2) WORLDWIDE RANKINGS (2) WORLDWIDE RANKINGS (2) TRANSPORT INFRASTRUCTURES : 3RD CONTRACTOR HYDRO PLANTS : 5 TH HEALTHCARE : 19 TH CONTRACTOR ENERGY MASS TRANSIT & RAIL : 14 TH CONTRACTOR HEALTHCARE CONTRACTOR MOTORWAY : 19 TH CONTRACTOR SUBWAY : 21 ST CONTRACTOR

MAJOR ONGOING PROJECTS: MAJOR ONGOING PROJECTS: MAJOR ONGOING PROJECTS: MAJOR ONGOING MAJOR PROJECTS IN MAJOR ONGOING PROJECTS: PROJECTS: OPERATION: I-405 MOTORWAY (US) MUSKRAT FALLS HYDRO ETLIK INTEGRATED HEALTH TUSCANY HOSPITALS (ITALY) GEBZE-ORHANGAZI-IZMIR PLANT (CANADA), CAMPUS IN ANKARA (TURKEY) NEW HOSPITALS IN ITALY ARTURO MERINO BENÌTEZ WEST METROPOLITAN HOSPITAL MOTORWAY (TURKEY) UPPER CISOKAN PUMPED E-ELT (CHILE) NEW RAILWAY INTERNATIONAL AIRPORT IN IN SANTIAGO (CHILE) BRENNER RAILWAY STORAGE POWER PLANT WEST METROPOLITAN HOSPITAL IN PROJECTS IN ITALY SANTIAGO (CHILE) ETLIK INTEGRATED HEALTH (ITALY) (INDONESIA) SANTIAGO (CHILE) THIRD BRIDGE ON CAMPUS IN ANKARA (TURKEY) -BARI HS/HC RAILWAY BOSPHORUS (TURKEY) NEW HOSPITAL IN VENICE-MESTRE (ITALY) GEBZE-ORHANGAZI-IZMIR (ITALY) MOTORWAY (TURKEY) RELAVES MINING PROJECT (CHILE)

Notes: (1) Total backlog includes €19.5 billion of backlog in execution and €7.9 billion of orders in pipeline; (2) 2016 ENR Sourcebooks – rankings on FY 2015 consolidated revenues. ASTALDI COMPANY PROFILE, June 2017 SPECIALIZED EPC CONTRACTOR PROVIDING FULLY “INTEGRATED OFFER”

Astaldi addresses the market by developing complex and integrated initiatives (design, construction, operation), with solid expertise and highly specialised human resources.

OPERATION & ORIGINATION ENGINEERING CONSTRUCTION FINANCING MAINTENANCE

ASTALDI COMPANY PROFILE, June 2017 STRONG TRACK RECORD OF SUCCESSFUL COMPLEX PROJECT EXECUTION

TRACK RECORD RECENTLY COMPLETED PROJECTS

Western High-Speed Diameter in Saint Petersburg – Russia ° €2.2bn investment 4,565 KM OF RAILWAYS ° 12km section, with 5.3km viaducts on sea and 2 cable-stayed ° Completed in December 2016 185 KM OF UNDERGROUNDS

15,000 KM OF ROADS & MOTORWAYS 3rd Bridge on Bosphorus (Northern Marmara Highway Project) – Turkey 200 KM OF ° $3bn+ investment for the entire project ° 1st longest and widest hybrid bridge at worldwide level 160 KM OF BRIDGES AND VIADUCTS ° Opened to the public on August 26 th , 2016

6,000 MW OF INSTALLED CAPACITY Izmit Bay Bridge (Gebze-Orhangazi-Izmir Motorway Project) – Turkey ° $7bn investment for the entire project 33 HYDROELECTRIC POWER PLANTS ° 4th longest suspension bridge worldwide 68 DAMS ° Completed in April 2016

80 AQUEDUCTS Warsaw Subway Line 2 (Lot 1) – Poland ° €800m investment 25.700.000 M3 OF CIVIL BUILDINGS ° New subway line of 6 km in length and 7 stations ° Completed in March 2015 20 HOSPITALS

8,900 BEDS Pulkovo International Airport in Saint Petersburg – Russia ° €710m investment 19 AIRPORTS ° The most important airport in the Baltic Region with a transport 17,200 PARKING SPACES capacity of 14,000,000 passengers/ year ° Completed in 2015

ASTALDI COMPANY PROFILE, June 2017 CONCESSIONS SECTOR

Starting from Italy, where in 2008 it successfully completed the first Hospital in PPP, Astaldi has carefully selected further PF/PPP opportunities in the healthcare, transport, energy and mining sectors in specific countries (Italy, Chile, Turkey). Astaldi strengthened its role in the greenfield concession segment by leveraging on its experience in the construction sector. Astaldi Concessioni (100% owned by Astaldi) was created in 2010. Through its Dual Integrated Construction-Concession Model – that integrates the traditional construction activities with concessions – Group supports business growth and profitability and enhance cash-flow stability.

CONCESSION INVESTMENTS

SEGMENT : T RANSPORT SEGMENT : E NERGY AND MINING SEGMENT : H EALTHCARE

COUNTRY : I TALY , T URKEY , C HILE COUNTRY : C HILE COUNTRY : I TALY , T URKEY , C HILE

MOTORWAYS ENERGY – IN OPERATION HEALTHCARE ò TOTAL OF 720 KM OF MOTORWAYS ò 1 HYDROELECTRIC PLANT ò 6,700+ HOSPITAL BEDS ò 557 GWH /YEAR OF GENERATED CAPACITY ò 17,200+ PARKING SPACES UNDERGROUNDS ò 111 MW OF INSTALLED POWER OF WHICH , IN OPERATION : ò TOTAL OF 40 ò 2,700+ HOSPITAL BEDS OF WHICH , IN OPERATION : MINING – IN OPERATION ò 5,600+ PARKING SPACES ò 13 KM ò 1 MINING PLANT ò 19 STATIONS ò 3,200 TONS /YEAR OF COPPER

AIRPORTS ò 1, WITH A MAX . CAPACITY OF 30 MILLION PAX /YEAR

ASTALDI COMPANY PROFILE, June 2017 O&M ACTIVITIES

Commercial Services Parking lot Operation and Maintenance, Hard Maintenance Catering & Vending Services, Rent of Commercial Areas Heat/Energy Plants

Hotel Services Other services Cleaning/Laudry and provision of Automated Transport Systems, workwear and other textiles/ Safety & Security, Reception & Catering/ Disposal & Recycling) Contact Center

Healthcare Services Non-medical support services Electromedical Services (healthcare sector) ICT services / Laboratory & Radiology / Sterilization services

ASTALDI COMPANY PROFILE, June 2017 SYSTEMS, RENEWABLE ENERGY, FACILITY MANAGEMENT AND MAINTENANCE

NBI Impianti ed Energia and Sartori Tecnologie Industriali are the Group’s Companies specialized in these sectors

• ENGINEERING SYSTEMS Turn-key plants of any size and type, cutting-edge solutions for complex systems, clean energy, micro-cogeneration, • FACILITY MANAGEMENT engineering and innovative control systems for air quality in confined spaces (healthcare centers, airports, fair centers) • RENEWABLE ENERGY

Specialized in the assembly of machines and equipment • INDUSTRIAL MAINTENANCE and in machinery hoisting operations performed in critical situations or in particularly narrow settings • METALWORK PRODUCTION FOR CIVIL INFRASTRUCTURES AND CONSTRUCTION

ASTALDI COMPANY PROFILE, June 2017 CONSOLIDATED ORGANIZATIONAL STRUCTURE

CEO ° Consolidated risk control BUSINESS and management DEVELOPMENT processes

° A centralized "knowledge hub" to serve all new Turkey & South Europe and Administration Astaldi Italy & Algeria Americas initiatives in all East Middle East and Finance Concessioni geographies, in order to achieve...

° ...consistent best practice Engineering & approach from bidding to Industrial delivery at a Global level Services

Engineering & Industrial Services

• Support and Monitoring throughout the PROJECT CONTROL PMO – PROJECT entire business Process MANAGEMENT OFFICE • Efficient and timely response to all business Staff PROCUREMENT HSE - HEALTH , needs through specialized staff ~ 100 SAFETY , ENVIRONMET • Allows a smooth transition in all the Project TENDER AND PREQUALIFICATIONS Phases from Tender\Planning to QA /QC - Commissioning\Handing Over DESIGN /ENGINEERING QUALITY ASSURANCE AND CONTROL

ASTALDI COMPANY PROFILE, June 2017 DISCIPLINED APPROACH TO PROJECT SELECTION AND RISK

ò Project selection based on established multi-step and multi-review process. ò Risk management function supported by internally developed models and procedures..

PROJECT SELECTION PROCESS RISK MANAGEMENT PROCESS

COUNTRY /A REA LEADERS FORM REVIEWED AND 1 2 3 COUNTRY /A REA LEADERS SIGNAL POTENTIAL PROJECTS AUTHORIZED BY ASTALDI PREPARE AN INTERNAL FORM TO BID ON MANAGEMENT IDENTIFY “TOP COUNTRY RISK BUSINESS PLAN EASIBILITY

F RISKS ” REPORTING REPORTING

STRATEGIC TECHNICAL FINANCIAL ECONOMIC COMPLIANCE

Comunicazione esterna ed Fusioni, Investor immagine Contabilità Fiscalità EVIEWS REVIEW REVIEW REVIEW REVIEW REVIEW Acquisizioni, Relations MODERATE ROJECT Disinvestimenti aziendale Assicurazioni Liquidità Corporate e crediti Governance Mercato R P Sviluppo Reportistica Iniziative / Offerte HIGH Struttura LOW Strategico Finanziario Finanziaria Pianificazione e Allocazione Risorse Astaldi

Sistemi Dinamiche di Universo Informativi Mercato dei Rischi

Forza Maggiore Contesto Compliance Operativo EBIT Risorse Legale e Umane Contrattuale VERY VERY @R ISK

Leggi e Procurement Normative LOW HIGH Regolamenti Ambiente, Interni Progettazione salute e sicurezzaInfrastrutture sicurezzaInfrastrutture Tecnico / Opere Costruzione Manageriale

ISK CORPORATE RISK MANAGEMENT DIRECTOR REVIEW R NALYSIS A 6 5 4 DEVELOP AND RISK ADJUSTED

ID RISK BACK

B MAINTAIN SOLID FINANCIAL MANAGEMENT DISCUSSIONS IN A CLOSING MEETING WITH 2/3 LAYERS OF MANAGEMENT ANALYSIS DEPENDING UPON SIZE ETC RISK MODULES FORECAST INAL F

STRENGTHS WEAKNESSES

INTERNAL CONTROL EXTERNAL QUALITY INSPECTOR OPPORTUNITIES THREATS ONITORING

M ATTENTION LEVEL

ASTALDI COMPANY PROFILE, June 2017 DISCIPLINED APPROACH TO QUALITY, SAFETY AND ENVIRONMENT

ò ASTALDI has adopted an Integrated Management System – Quality, Safety, Environment – conforming to the international Standards: ISO 9001:2008 “Quality Management Systems ”, ISO 14001:2004 “Environmental Management Systems ”, BS OHSAS 18001:2007 “Occupational Health and Safety Management Systems ” concerning the activities of Project Management, design and construction of major civil engineering works, transport infrastructures, hydraulic works, including dams and hydroelectric power plants, Project Financing and General Contracting too.

ò The integrated system has QHSE MANAGEMENT SYSTEM CERTIFICATES been certified by «DNV GL ».

ASTALDI COMPANY PROFILE, June 2017 12 ASTALDI’ S EXPERTISE IN OPERATION & MAINTENANCE

ASTALDI COMPANY PROFILE, June 2017 ASTALDI – O&M SECTOR Healthcare projects

KEY MILESTONES Four Hospitals in Tuscany ItaIy V1,500,000 SQM OF AREAS Venice-Mestre V6,700 BEDS Hospital, Italy

680 beds 140,000 sq.m of areas

Etlik Healthcare Campus in Ankara, Turkey

Western Metropolitan Hospital In Santiago, Chile

1,000,000 sq.m of areas

2,000 beds 280,000 sq.m of Areas 540 beds 130,000 sq.m of areas

ASTALDI COMPANY PROFILE, June 2017 O&M ACTIVITIES

Commercial Services Parking lot Operation and Maintenance, Hard Maintenance Catering & Vending Services, Rent of Commercial Areas Heat/Energy Plants

Hotel Services Other services Cleaning/Laudry and provision of Automated Transport Systems, workwear and other textiles/ Safety & Security, Reception & Catering/ Disposal & Recycling) Contact Center

Healthcare Services Non-medical support services Electromedical Services (healthcare sector) ICT services / Laboratory & Radiology / Sterilization services

ASTALDI COMPANY PROFILE, June 2017 O&M “SOFT” ACTIVITIES

About 80% of provided activities is due to “soft” services or non-hard maintenance activities

23,000,000 Laboratory Analysis/year

7,000,000 Kg of linen/year

4,500,000 Meals/year

2,500,000 Kg of special waste/year

ASTALDI COMPANY PROFILE, June 2017 (1of2) O&M “SOFT” ACTIVITIES

135,000 Support calls/year

45,000 Electromedical Services

17,000 mq Commercial Areas

6,000 Parking lots PP

ASTALDI COMPANY PROFILE, June 2017 (2of2) CASE STUDY : WESTERN METROPOLITAN HOSPITAL (Chile)

Client

SPV

70%

30%

EPC contract O&M activities

75% 100% 25% COMMIS- SIONING Sub Sub Hand-over risk reduced Service Service Contractors Contractors by a complete control of Providers Providers both construction and NBI operation phases NBI

ASTALDI COMPANY PROFILE, June 2017 Image Gallery

ASTALDI COMPANY PROFILE, June 2017 THIRD BRIDGE ON BOSPHORUS – Turkey

° The longest and widest hybrid bridge in the world ° The bridge with the tallest towers in the world ° Completed in only 3 years

ASTALDI COMPANY PROFILE, June 2017 WARSAW SUBWAY LINE 2 – Poland ° The stations are relevant from an architectural, as well as an engineering viewpoint. ° The soil was literally sliced using a freezing technique which involves the use of liquid nitrogen

ASTALDI COMPANY PROFILE, June 2017 BRENNERO RAILWAY TUNNEL – Italy

° The longest underground railway connection in the world is being built.

ASTALDI COMPANY PROFILE, June 2017 MILAN SUBWAY LINE 5 – Italy

° Fully automated system (driverless system), which places Line 5 at the forefront in Europe. ° The 1 st project finance in Italy and one of the first in Europe, developed in the urban transport sector. ° “European Transport (Light Rail) Deal of the Year ” international award won in 2007.

ASTALDI COMPANY PROFILE, June 2017 IZMIT BAY BRIDGE – Turkey

° The 4 th longest suspension bridge in the world ° A suspension bridge with a central span of 1,550 metres

ASTALDI COMPANY PROFILE, June 2017 CHACAYES HYDROELECTRIC POWER PLANT – Chile

° A run-of-river driver plant, generating totally renewable clean energy.

ASTALDI COMPANY PROFILE, June 2017 ETLIK INTEGRATED HEALTH CAMPUS IN ANKARA – Turkey

° Europe’s largest health care complex. ° 3,600 hospital beds divided into 8 healthcare facilities. ° Construction area of about 1,100,000 square meters.

ASTALDI COMPANY PROFILE, June 2017 EUROPEAN EXTREMELY LARGE TELESCOPE (E-ELT) – Chile

° The largest optical telescope in the world (mirror Ø: 39.3 m) ° Focus capability 100,000,000 times better than the human eye ° It is being built on the Cerro Armazones, at an altitude of 3,000

ASTALDI COMPANY PROFILE, June 2017 ARTURO MERINO BENÍTEZ INTERNATIONAL AIRPORT – Chile

° The 6 th largest airport in South America ° Potential expansion up to 45 million of passengers per year.

ASTALDI COMPANY PROFILE, June 2017 TRANSPORT INFRASTRUCTURES

Rome-Naples High-Speed Railway | Location: Italy

Gebze-Orhangazi-Izmir Motorway | Location: Turkey Northern Marmara Motorway and 3rd bosphorus bridge | Location: Turkey

Anatolian Motorway | Location: Turkey

Naples Subway Line 2 (Toledo Station) | Location: Italy Warsaw Subway Line 2 | Location: Poland Jonica National Road, Lot DG-21 | Location: Italy

ASTALDI COMPANY PROFILE, June 2017 WATER AND ENERGY

Balambano Hydroelectric Project | Location: Indonesia

Chacayes Hydroelectric Power Plant | Location: Chile | under management Huanza Hydroelectric Project | Location: Peru

Inga Hydroelectric Project – phase 1 and phase 2 | Location: DR Congo

Nacaome Valley RCC Dam | Location: Honduras Pont Ventoux Hydroelectric Power Plant | Location: Italy Cerro del Àguila Hydroelectric Project | Location: Peru

ASTALDI COMPANY PROFILE, June 2017 CIVIL AND INDUSTRIAL BUILDINGS

Rho-Pero Expo Fair Centre in Milan | Location: Italy Lia Manoliu National Stadium in Bucharest | Location: Romania Pulkovo International Airport | Location: Russia, Saint Peterburg

New Hospital in Venice-Mestre | Location: Italy | under management Four Hospitals In Tuscany | Location: Italy | under management

ASTALDI COMPANY PROFILE, June 2017 PLANT ENGINEERING AND FACILITY MANAGEMENT

New Hospital In Naples | Location: Italy Milas-Bodrum International Airport | Location: Turkey COOP Adriatica Photovoltaic plant | Location: Italy

Milan Subway Line 5 | Location: Italy Poste Italiane Data Center in Turin | Location: Italy Buddusò –Alà dei Sardi wind farm | Location: Italy

ASTALDI COMPANY PROFILE, June 2017 CONCESSION SECTOR

Chacayes Hydroelectric Power Plant | Location: Chile | under management Milan Subway Line 5 | Location: Italy | under management

New Hospital in Pistoia (Ospedale San Jacopo ) | Location: Italy | under management New Hospital in Venice-Mestre | Location: Italy | under management

ASTALDI COMPANY PROFILE, June 2017 AWARD-WINNING PROJECTS RANSPORT T NFRASTRUCTURES I NAPLES SUBWAY LINE 1, TOLEDO STATION | ITALY MILAN SUBWAY LINE 5 | I TALY ITA TUNNELING AWARD 2015 EUROMONEY PROJECT FINANCE AWARDS 2007 – LEAF AWARD 2015 AND 2013 EUROPEAN TRANSPORT (L IGHT RAIL ) D EAL OF THE YEAR NDUSTRIAL UILDINGS & & I B IVIL

C ETLIK HOSPITAL , A NKARA | T URCHIA FOUR HOSPITALS IN TUSCANY | I TALY EXPO FAIR CENTRE IN MILAN (R HO -PERO ) | I TALY NEW HOSPITAL IN VENICE -MESTRE | I TALY 2015 B ONDS & L OANS AWARD -STRUCTURED PROJECT FINANCE DEALS OF THE YEAR 2012 - 2007 I NTERNATIONAL ARCHITECTURE AWARD 2005 PFI A WARDS - EMEA PPP D EAL OF THE YEAR FINANCE DEAL OF THE YEAR EUROPEAN HEALTHCARE AWARD ATER /W NERGY & & E

ENEWABLES CHACAYES HYDROELECTRIC POWER PLANT | C HILE CONCEPCION HYDRO PROJECT | H ONDURAS INGA 1&2 H YDROELECTRIC PROJECTS | R POWER GEN I NTERNATIONALS PROJECT OF THE YEAR 1991 I NGERSOLL -RAND ITALIA DEMOCRATIC REPUBLIC OF THE CONGO 2012 - BEST HYDRO PROJECT OF THE YEAR 1975 I NGERSOLL -RAND ITALIA

ASTALDI COMPANY PROFILE, June 2017 HEADQUARTERS Astaldi S.p.A Via Giulio Vincenzo Bona n. 65 00156 – Italy www.astaldi.com

ASTALDI COMPANY PROFILE, June 2017