Company presentation
ASTALDI COMPANY PROFILE, June 2017 A LEADING EPC CONTRACTOR…
HIGHLIGHTS FY 2016 FIGURES BREAKDOWN
° Leading global player in transport 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 Italy 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 Construction 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 Turkey U.S.A. Scandinavia Cuba Iran Italy Chile Nicaragua Romania U.A.E. Venezuela 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 BRIDGE : 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 TUNNEL 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) NAPLES-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 bridges ° 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 TUNNELS ° $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 Rome – Italy www.astaldi.com
ASTALDI COMPANY PROFILE, June 2017