P3 Concessionaire NORTH AMERICA

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P3 Concessionaire NORTH AMERICA ITINERA INFRASTRUCTURE & CONCESSIONS P3 Concessionaire NORTH AMERICA ITINERA Infrastructure & Concessions P3 CONCESSIONAIRE ARDIAN 60% 40% 100 + 2nd $25 B 24 2,858 60 YEARS OF LARGEST TOLL ASSETS UNDER CONCESSIONS ROAD MILES TUNNEL MILES ASTM INFRASTRUCTURE ROAD OPERATOR MANAGEMENT GLOBALLY (4,600 KM) EXPERIENCE BY ROAD MILES WORLD WIDE Itinera Infrastructure & Concessions (IIC), affiliated with Gavio Group, is a global developer providing CONCESSIONS EPC ASSET TECHNOLOGY MANAGEMENT all aspects of design, construction, finance, operation and maintenance, and technological innovation for large complex transportation P3 projects in North America. The Group is currently the second ITINERA Infrastructure & Concessions SINELEC largest tolling concessionaire in the world, with over 100 years of related experience, almost 3,000 SIAS road miles under concession, and $25 billion in assets under management. The Group has 24 concessions worldwide, predominantly in Italy, Brazil, and the United Kingdom. Gavio Group is ITINERA controlled by the Gavio Family holding company Aurelia (60% stake) and owned with Ardian (40% Infrastructure & Concessions stake), a world-leading private investment house. * Itinera SpA has projects in 21 countries and is currently active in 10 countries. 1,423 km SIAS is the main motorway operator in the 13 CONCESSIONS North-West of Italy, one of the wealthiest areas in Europe, representing 23% of the national grid. Gavio Group is one of the largest 3,087 km EcoRodovias, jointly controlled with CR Almeida, is the largest motorway and most mature P3 developers of 10 CONCESSIONS transportation infrastructure in the world. operator in Brazil. 1900s 1930s 1950s 1960s 1990s 2000s 2010s 2016 2017 2018 2019 Newcastle-Carlisle (A69), jointly managed Gavio Group Itinera SpA Marcello Itinera SpA is Gavio Group Benimino and Gavio Group Gavio Group Gavio Group Aridan fund Gavio Group 84 km began by began and Pietro acquired by acquires Satap Marcello Gavio acquires 100% acquires enters the invests in launches new Marcello (Marcello’s Gavio Group and ASTM take over the of IGLI controlling North American Aurelia – a concessions with RoadLink Holding, is a major Northern Gavio grandson) (as well as: concessions. Gavio Group interest in market – Gavio Group company in 1 CONCESSIONS join the Gavio Edilvie, Codelfa, Gavio Group EcoRodovias acquiring 50% holding North America Group and Marcora) Sinelec – smart Gavio Group divests of stake in Halmar company – Itinera trunk road in the UK. technologies – acquires Impregilio – International Infrastructure began within controlling sells to Salini & Concessions the Group. interest in OUR Impregilio via The Gavio Group started withIGLI horse-drawn carts 100 years ago and has evolved to New SPV established in 2018 with the HISTORY be one of the largest road developers and concessionaires in the world today. ITINERA Infrastructure & Concessions purpose of investing in transportation P3s Gavio Group acquires Gavio Group launches Gavio Group acquires Satap 100% of IGLI across North America. and ASTM concessions. Gavio Group enters the new concessions company Marcellino and Piertro Gavio Group divests of Impregilo North American market in North America – Gavio Group began (Marcello’s grandson) Sinelec – smart technologies – acquiring 50% stake in Itinera Infrastructure by Marcello Gavio join the Gavio Group – began within the Group. Itinera SpA goes global Halmar International & Concessions 1900s 1950s 1990s 2010s 2017 2019 1930s 1960s 2000s 2016 2018 Itinera SpA began Itinera SpA is acquired by Benimino and Marcello Gavio Gavio Group acquires Aridan fund invests in Gavio Group (as well as: take over the Gavio Group controlling interest Aurelia – a Gavio Group Beniamino, son of Edilvie, Codelfa, and Marcora) in EcoRodovias holding company Marcello Gavio, Gavio Group acquires AVIATION MASS TRANSIT RAILROADS HIGHWAYS BRIDGES joins the Group controlling interest in Impregilo via IGLI P3 CONCESSIONAIRE 3 Gavio Group acquires Satap Gavio Group acquires and ASTM concessions. 100% of IGLI Gavio Group enters the Gavio Group launches new Marcello and Pietro North American market concessions company in Gavio Group began by (Marcello’s grandson) Sinelec – smart technologies – Gavio Group divests of – acquiring 50% stake in North America – Itinera Marcello Gavio join the Gavio Group began within the Group. Impregilio – sells to Salini Halmar International Infrastructure & Concessions 1900s 1950s 1990s 2010s 2017 2019 1930s 1960s 2000s 2016 2018 Itinera SpA began Itinera SpA is acquired by Benimino and Marcello Gavio Gavio Group acquires Aridan fund invests in Aurelia Gavio Group (as well as: take over the Gavio Group controlling interest in – a Gavio Group holding Edilvie, Codelfa, and Marcora) EcoRodovias company Gavio Group acquires controlling interest in Impregilio via IGLI Global Ranking Global Leader ND LARGEST TOLL ROAD OPERATOR WORLDWIDE2 WITH 24 CONCESSIONS AND 2,858 ROAD MILES. ABERTIS – ATLANTIA 14,095 SIAS – ECORODOVIAS 4,600 KM ASTM VINCI 4,443 CCR 3,738 Participating in the P3 ARTERIS 3,417 industry for over 40 years, EIFFAGE 2,571 including three 35-year CINTRA 2,072 concessions projects ROADIS 1,882 successfully completed. BRISA 1,628 We continue to manage and operate these assets IDEAL 1,165 on behalf of our clients. GRANA Y MONTERO 1,120 TRANSURBAN 319 *Figures in kilometers ASTM is a vertically integrated global developer with 12,000 employees, 30* concessions, with projects in 21 countries. *Six concessions were solid off in Chile to a Canadian Pension Fund. 4 ITINERA INFRASTRUCTURE & CONCESSIONS P3 CONCESSIONAIRE 5 One Integrated Company Relevant Road Network Experience READYITINERA SpATO FACE ALL TOLL ROADS IN ITALY ITINERA NEWEPC CONSTRUCTION CHALLENGES 1,423 km: SIAS motorways READYSINA TO FACE ALL READYITINERA TO FACE ALL READYEUROIMPIANTI TO FACE ALL ITINERA NEW CHALLENGESENGINEERING ITINERA NEWCONSTRUÇÕES CHALLENGES ITINERA NEWEPC MES CHALLENGES The main interface with other toll road concessionaires operator in in Northern Italy and operate north-west approx. 23% of the national ASSET network (13 highways), CONSTRUCTION Italy MANAGEMENT across main trans-European corridors. ASTM Motorway Concessions greenfield & yellowfield TOLL ROADS IN BRAZIL 3,087 km EcoRodovias is along the the largest road main trade concession group Concessions corridors in in Brazil with a network of 10 TECHNOLOGY MANAGEMENT the south highways and one port across and south- 8 different states on major east of trade corridors in the South. Brazil READYSINELEC TO FACE ALL READYSIAS TO FACE ALL ITINERA NEWTECHNOLOGY CHALLENGES ITINERA NEWTOLL ROAD CHALLENGES ITINERA Infrastructure & Concessions 6 ITINERA INFRASTRUCTURE & CONCESSIONS P3 CONCESSIONAIRE 7 A58 MILAN OUTER RING ROAD ECO VIAS The A58 Milano Outer Ring Road is part The Eco Vias toll concession in Sao Paulo is of the external ring outside of Milan and part of IGLI concessions and operated under serves 4.3 million people across four Ecorodovias. This DBFOM P3 concession counties; connecting with three other carries 66,000 vehicles per day across road systems: A4, A35, and A1. This road six lanes and seven toll plazas, from Sao system carries 70,000 vehicles per day Paulo through to the Port of Santos passing across three lanes, a carriageway, and an Sao Vicente, Praia Grande, and Guaruja emergency lane in both directions. This respectively. This road system is the main DBFOM was delivered in two phases. The connection for freight transport coming in first phase was the design and construction from Santos Port to the Capital—Sao Paulo. of the TEEM tunnel by Itinera; completed in This project has a 27-year concession period LOCATION: SAO PAULO, BRAZIL July 2014. This project also utilizes recycled which concludes in 2025. LENGTH: 110 MILES materials to extend the life of the project as well as utilizing PV panels, LED lamps with remote control, automatic speed and fog ECO PONTE sensors, closed circuit cameras, and SOS Eco Ponte is the largest toll bridge in the safety units, among others. The concession southern hemisphere, connecting Rio de began in May 2015 and runs for 50 years, Janeiro with the rest of the countryside. It concluding in 2065. services a population of 16.6 million people and carries 75,000 vehicles per day with two LOCATION: MILAN, ITALY lanes in each direction and one toll plaza. LENGTH: 20 MILES Recycled materials were used to minimize future maintenance work and extend the life of the project. The concession period began in 2015 and concludes in 30 years. LOCATION: RIO DE JANEIRO, BRAZIL Featured Concessions LENGTH: 9 MILES A4 TURIN TO MILAN The A4 Turin to Milano concession connects A55 TURIN RING ROAD three counties in Northern Italy; Turin, The A55 Turin Ring Road is part of ATIVA concessions, Novara, and Milan and serves 5.5 million also managing A5 Turin to Quincinetto and A4 Ivrea people in the region. The project scope to Santhia. This is a design-build-finance-operate- included widening to include a third maintain (DBFOM) P3 concession with approximately lane and carriageway in each direction, 430,000 vehicles per day with a three lanes-two revision of tolls, and adaptation of highway carriageway- and emergency lane configuration. configuration to accommodate high Recycled durable materials were used to minimize speed railway lines parallel to the highway. interruption from maintenance and optimize project Recycled materials were used to extend life cycle. Tolls are collected via highway pass the life and reduce
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