SUPPORTING LOCAL DEVELOPMENT Cruise terminal, Cagliari (Sardinia) Energy-efficient street lighting, Savigliano (Piedmont)
Botanical gardens, Padua Marina, Sulcis (Sardinia)
2 Photovoltaic plant, Agri-foodstuffs Market, Padua Anfass (Center for the Disabled), Selargius (Sardinia) Sinloc is a consulting and investment company with operations throughout Italy.
It promotes the development of local public infrastructure through its advisory services, feasibility studies and direct investments in Public-Private Partnerships (concessions, project financing etc.). Sinloc also facilitates the access to EU funds and their efficient and sustainable use.
Sinloc operates in the following sectors: Energy Efficiency and Renewable Energy Public Utilities Urban Transformation, Real Estate, and Local Development Healthcare and Welfare Education and Research Logistics and Public Transportation Art, Culture, and Tourism
Sustainability, Passion, Proximity, and Responsibility are the values that shape our identity and guide our actions.
We focus on economic, financial, social, end environmental .sustainability of the project we undertake. We provide tangible solutions to local issues and concerns.
We have a wide and diversified track record of concrete projects and we always develop an accountable responsibility to both investors and local communities involved.
3 OUR SERVICES
We serve our target markets and sectors thtough three business lines:
ADVISORY SERVICES
EQUITY INVESTMENTS
FUND MANAGEMENT
4 TARGET AREAS
ENERGY EFFICIENCY PUBLIC UTILITIES AND RENEWABLE ENERGY
ART, CULTURE, AND TOURISM
URBAN TRANSFORMATION, REAL ESTATE, AND LOCAL DEVELOPMENT
LOGISTICS HEALTHCARE AND PUBLIC AND WELFARE TRANSPORTATION
EDUCATION AND RESEARCH
5 CLIENTS AND PARTNERS FOR ADVISORY SERVICES AND INVESTMENTS
We provide advisory services to a wide range of clients,
supporting the planning and implementation of their infrastructure and local development projects. We co-invest with institutional and industrial partners in developing infrastructure projects to meet community needs.
CENTRAL MUNICIPALITIES PUBLIC OTHER GOVERNMENT AND LOCAL HEALTH UNIVERSITIES PUBLIC AUTHORITIES IC AUTHORITIES AUTHORITIES AGENCIES L B U P ENTITIES
MAIN CONTRACTORS INFRASTRUCTURE AND DEVELOPERS AND FACILITY MANAGERS PRIVATE COMPANIES T I F O R P
- FOUNDATIONS OTHER NON-PROFIT INSTITUTIONS N O N INSTITUTIONS S N O L I A T I INFRASTRUCTURE AND INTERNATIONAL FINANCIAL U C BANKS T N I PRIVATE EQUITY FUNDS INSTITUTIONS T A S N I N F I
6 CORPORATE STRUCTURE
Our shareholders are eleven Italian banking foundations. The ongoing collaboration with our shareholder allows us to focus objectives and resources to implement initiatives designed to enhance the competitiveness of target communities.
The company’s equity holding exceeds 50 million euros, mostly invested in infracstructure and local development initiatives. The company’s financial statements are audited.
EQUITY
> 50 MLN €
7 ADVISORY SERVICES
Assistance We support public entities, governments, financial institutions, to identify and foundations that seeks the best methods to execute their and structure infrastructure and local development projects. the most viable solutions We verify project feasibility, hightlighting the strengths, weaknesses, opportunities and risks, and establishing optimal procedures and to implement and finance execution strategies. In addition, we continuously monitor the project infrastructure in the planning, construction, and management phases, indentifying projects any corrective strategies and actions that may be necessary.
Typical consulting services include:
Strategic and business planning Asset valuation and optimisation support Technical assistance in the operational phase Financial structuring, arrangement, and financial/contractual closing Economic and financial due diligence Ex-ante and ex-post assessment Monitoring and budgeting
PROJE CT PHASES
IMPLEMENTATION FEASIBILITY STUDY MONITORING AND FINANCING SUPPORT
Evaluate project feasibility, Determine the optimal project Continuous project monitoring, highlighting the strengths, financial strategy and provide highlighting and identifying weaknesses, opportunities, implementation support corrective strategies and actions and risks
8 © Archimation
More than 300 feasibility studies and/or support contracts for local projects
Support for the start-up of four Regional Social Housing Funds (target assets under management ex ante of approximately 320 million euros)
Advisory services to six Italian Regions in activating EU-regulated financial instruments for urban transformation and energy efficiency projects
Support to four Italian Provinces under the European Local Energy Assistance program (ELENA), originated by the European Investment Bank (EIB), and activation of an energy efficiency project pipeline in excess of 210 million euros
Support for the financial structuring and closing of more than 12 initiatives for a total value greater than 500 million euros with non-recourse financing, project bonds, mini bonds etc.
Monitoring Agent of the Hydrobond transaction for 17 integrated water system providers with the securitization of minibonds for a total of 227 million euros
9 EQUITY INVESTMENT
We provide business partners operating in this market with financial Investments resources as well as expertise and skills. aimed at We can both invest at an early/greenfield project stage (pre-tender) supporting or at a later stage after the contract has been awarded. sustainable Our equity investments are typically structured through SPVs (Special local initiatives Purpose Vehicles) and we often support subsequent co-investments from through long-term institutional investors throughout the project lifecycle. Public-Private Partnerships We provide the SPV with arrangement services in the financial closing phase and monitoring services in the construction and management phases.
We provide comprehensive solutions for the investment process:
Economic and financial planning Risk assessment and allocation Equity and shareholder loan solutions Commercial (EPC, O&M) and financial closing Monitoring and budgeting Programme management
Way out and exit processes
INVESTMENT PHASES
MONITORING OF THE PROJECT SPV TENDER EQUITY DEPLOYMENT AND ITS MANAGEMENT
Origination and assistance to Upon tender award, financial Implementation and monitoring business partners in the structuring and deployment of the project, actively supporting competitive tendering phase, of required capital to set up its management by identifying with the investment committment and develop the SPV yield enchancing and risk subject to an adequate reducing opportunities risk/return profile
10 10 Over 400 millions euros invested in local infrastructure projects in the last seven years
Investments in excess of 180 million euros in the energy sector activated through territorial holding companies in partnership with institutional investors (regional development banks, foundations) and industrial partners
11 FUND MANAGEMENT
Our clients are public administrations and financial institutions (regional Long-term developme nt banks, ass et managers, SiCAF, etc.) interested in setting up assistance and ma naging financial instruments for investments in regional and/or to investment sector-specifics projects. platforms for project origination, We act as tec hincal advisor and partner of the fund manager in structuring structuring and the financial instrument, originating projects, supporting the valuation and monitoring investment process, and subsequent monitoring of the project portfolio.
Fund Management services include:
Strategic planning for the set-up of financial instruments and specialised instruments Technical assistance for the origination, assessment, and valuation of project pipelines in the deployment phase Economic and financial due diligence for short-listed projects Monitoring and budgeting of investments undertaken
INVESTMENT PROCESS PHASES
PROJECT CLOSING FINANCIAL INSTRUMENT SET-UP PROJECT SCOUTING AND MONITORING
Identification and structuring Origination and preliminary Support to the fund manager of the financial instrument assessment of eligible projects in the valuation, commercial given the investment policy, and financial closing processes, objectives, and evaluation and subsequent monitoring criteria
12 Investment in excess of 240 million euros activated via three Urban Development Funds managed in partnership with Italian banking groups under the JESSICA (Joint European Support for Sustainable Investment in City Areas) programme promoted by the EIB, backed by more than 120 million in EU funds
Technical assistance to three Social Housing Funds for Piedmont, Veneto, and Central Italy, with an initial budget of more than 220 million euros. Two of the three funds have ongoing scouting activities in local areas to increase the endowment, leveraging the increase from Alternative Investment Fund participation of an additional 50 million euros; for an estimated total amount of 300 million euros
Nearly 20 million euros already invested in technical assistance to a real estate fund that supports wood-waste biomass cogeneration plants; at the same time, Italian and foreign investment funds have allocated approximately 185 million euros to assess energy efficiency and renewable energy projects for a pipeline of target investments
13 ADVISORY SERVICES AND FUND MANAGEMENT OUR MAIN CLIENTS
ACEN - Associazione Costruttori Edili Napoli Diocesi di Terni Narni Amelia Acqua & Terme Fiuggi SpA Domus Assistenza Agricola Biometano SpA DSU Toscana Altair Progetti Srl Edil Veneta Srl AMAG SpA EGEA SpA APCOA PARKING Italia SpA Engie Italia SpA A.R.E.A.N. Agenzia Regionale per l’Energia-Regione Enrive SpA Abbruzzo ERVET Emilia-Romagna Valorizzazione Economica Territorio SpA Ardea Energia Srl Esclamativa Srl Associazione delle Fondazioni di origine bancaria del Ese Nurra Srl Piemonte Estra SpA Associazione tra Casse e Monti dell’Emilia Romagna E.T.A.V. Srl Assolavoro Euganea Sanità SpA ASUR Azienda Sanitaria Unica Regionale Marche FER - Ferrovia Emilia Romagna Srl Autostrada Regionale Cispadana SpA FHS Fondazione Housing Sociale Banca Europea per gli Investimenti FIEE Fondo Italiano per l’Efficienza Energetica SGR SpA Banco di Sardegna SpA Finanziaria Bologna Metropolitana SpA Bell Gest Srl Finanziaria Vittadello Srl BIM Gestione Servizi Pubblici SpA Finaosta Spa Bra Energia SpA Finpiemonte Partecipazioni SpA Camera di Commercio di Modena Fondazione Carife Camera di Commercio di Padova Fondazione Cariparma Cen.Ser. SpA - Rovigo Fiere Fondazione Cariplo Centro Servizi Anziani di Adria Fondazione Carispezia Cervet Srl Fondazione Cassa dei Risparmi di Forlì CIR Food Coperativa Italiana di Ristorazione Fondazione Cassa di Risparmio di Cuneo Clara SpA Fondazione Cassa di Risparmio di Fossano CME Consorzio Imprenditori Edili Soc.Coop. Fondazione Cassa di Risparmio di Gorizia CNP SpA Fondazione Cassa di Risparmio di Lucca Co.Ge.Fer. Srl Fondazione Cassa di Risparmio di Modena Cofel Srl Fondazione Cassa di Risparmio di Padova e Rovigo Cofim Srl Fondazione Cassa di Risparmio di Pistoia e Pescia Cogipower Srl Fondazione Cassa di Risparmio di Reggio Emilia Pietro Comat SpA Manodori Com.Ex. Energia Srl Fondazione Cassa di Risparmio in Bologna Compagnia di San Paolo Fondazione Cuoa Comune di Cortina Fondazione di Venezia Comune di Cuneo Fondazione Friuli Comune di Fano Fondazione IUAV Venezia Comune di Fiuggi Fondazione Monte dei Paschi di Siena Comune di Fornovo Fondazione Pescarabbruzzo Comune di Lucca Fondazione Santa Tecla Comune di Mantova Fondazione Sviluppo e Crescita Comune di Modena Fondazione Tercas Comune di Pescara Fondazione Varrone Comune di Pistoia Foresight Group Comune di Prato Fratelli Tosetto Sas Comune di Ravenna Gemmo SpA Comune di Rovigo General Energetic SA Comune di Tarvisio Gheller Srl Comune di Teramo Giumentone Srl Consorzio ZIP Zona Industriale Padova Gradiente SGR SpA Cooperativa Forlivese di Edificazione Grandi Lavori Fincosit SpA CPL Concordia Soc. Coop Gruppo ICM SpA Diocesi di Padova Gulliver Cooperativa Sociale 14 Hera Luce Srl Regione Autonoma Friuli Venezia Giulia IBI Iccrea Banca Impresa SpA Regione Campania Idroemilia Srl Regione Emilia-Romagna Intercantieri Vittadello SpA Regione Lazio Interporto Solare Srl Regione Marche InvestiRe SGR SpA - Abitare Veneto Regione Siciliana InvestiRe SGR SpA - Fondo Abitare Sostenibile Piemonte Regione Toscana Investire SGR SpA - Fondo Housing Sociale Italia Centrale Regione Veneto Island Global Yachting Ltd. Reti Distribuzione Srl Labo Gest Srl Riesco Srl L&Scape Salini Impregilo SpA Leroy Marlin Italia Srl Sauber Srl L’Operosa Scarl Siram SpA Mak Costruzioni Srl SiTi Istituto Superiore sui sistemi Territoriali per Manutencoop Facility Management SpA l’Innovazione Marestate Snc Smail SpA Mercafir SCPA Smart City SpA Mercato Solare SpA Società di Biotecnologie SpA Metal Team Work Srl Socioculturale Coop.Soc.Onlus MWT Srl Solco Consorzio di Solidarietà e Cooperazione - Società Nuova Co.ed.mar. Srl Cooperativa Parcheggi Italia SpA Studio di Architettura Gallina Parcheggio Immobiliare Prato della Valle Srl Studio Commerciale Associato Boldrini Park Repubblica SpA SVIM Sviluppo Marche Pergolesi Sport ssd a.r.l. Synchron Nuovo San Gerardo SpA Piacentini Costruzioni SpA Tanaro Power SpA Pizzarotti & C. SpA Tecnalia Research & Innovation Foundation Pool Engineering Srl Tiemme Costruzioni Edili SpA Portocittà Srl UIR-Unione Interporti Riuniti Progetto ISOM SpA Unindustria Treviso Progetto PP1 SpA Unione Comuni Garfagnana Provincia autonoma di Bolzano Unione dei Comuni della Bassa Romagna Provincia di Belluno Università Ca’ Foscari Venezia Provincia di Chieti Valorizzazioni Culturali Provincia di Milano Veneto Sviluppo SpA Provincia di Padova Verdenergia Esco Srl Provincia di Roma Vicenza Futura SpA REAM SGR SpA -Fondo Green Star Villaverde Srl Regione Abruzzo Viveracqua Hydrobond 1 Srl Regione Autonoma della Sardegna Zed Entertainment’s World Srl
OUR MAIN PARTNERS
AAU SBi - Aalborg University (DK) ETVA VI PE (GR) ALIMOS - Dimos Alimou – Municipality of Alimos (GR) EUDITI LTD - Energy and Environmental Design (GR) ARUP GOP Gianni, Origoni, Grippo, Gruppo Cappelli & Partners ASSISTAL - Associazione Nazionale Costruttori di impianti e dei Hydrodata SpA servizi di efficienza energetica ESCo e Facility Management Innova BIC Srl BIT Energia Srl ISR - Instituto de sistemas e robotica (PT) Camera di Commercio e dell’Industria dell’Ungheria (HCCI) NCTM Studio Legale CMC - Camara Municipal de Coimbra (PT) Pool Engineering Srl Comune di Messina Primaidea Srl Cooprogetti Soc. Cop. SAEET Impianti Srl Denish Building Research Institute-Università di Alborg STEAM Distretto di Alimos (GR) Studio Legale Guiducci ENEA TECNALIA - Fundacion Tecnalia Research & Innovation (ES) ERRENTERIA - Errenteriako udala (ES) 15 SOME OF OUR INVE STMENT PROJECTS
SINLOC has set up and SINLOC, through Ardea co-invested in Energia Srl, has set up Idroemilia Srl , a holding company, and co-invested in the SPV, Tanaro Power Srl, for the design, construction, and management of for the construction of a hydroelectric power plants hydroelectric plant in Emilia Romagna in Santa Vittoria d’Alba (CN) 5.8 MW Power 4,3 MW Power for a total investment of for a total investment of € 11,500,000 € 14,100,000 Year of investment: 2015 Year of investment: 2015 Status: in portfolio Exit: 2017
SINLOC, through the Enrive SINLOC, through ARDEA SINLOC has set up and SpA holding, has set up Energia Srl, has set up invested in the SPV, and co-invested in the SPV, and co-invested in the SPV, Euganea Sanità SpA, Tuscia Ambiente SpA, Bra Energia SpA, for the construction of a for the construction and for the construction and health care centre serving management of the Este and Monselice management of a FORSU Viterbo electric power cogeneration plant and district plant heating network serving the city for a total investment of € 155,000,000 for a total investment of of Bra (CN) 35 MW Power Year of investment: 2013 € 18,000,000 Status: in portfolio Year of investment: 2014 for a total investment of Status: in portfolio € 19,000,000 Year of investment: 2013 Status: in portfolio
SINLOC, through the holding SINLOC has set up and SINLOC, through the Enrive company Enrive SpA, has invested in the SPV, SpA, has set up and set up and co-invested in the SPV, Labo Gest Srl, co-invested in the SPV, Ese Nurra Srl, Emme 2 Energy Srl, for the construction and for the construction and management of the for theconstruction of a management of a Laboratorio Unico Metropolitano biomass pover plant wind farm (Metropolitan Laboratory) in Padua in the Province of Sassari and restructuring of the 0,6 MW Power 9 MW Power Nuclear Medicine Building of Ospedale Maggiore in Bologna for a total investment of for a total investment of € 12,000,000 for a total investment of € 3,900,000 Year of investment: 2013 € 8,400,000 Year of investment: 2012 Status: in portfolio Year of investment: 2013 Status: in portfolio Status: in portfolio
16 SINLOC has set up and SINLOC has set up and SINLOC has set up and invested in the SPV, invested in the SPV, invested in the SPV, Bell Gest Srl, Com.Ex. Energia Srl, PROGETTO ISOM SpA, for the construction of the for the construction of a for the construction of the methane trigeneration plant methane-powered cogeneration trigeneration plant and new at Ospedale Bellaria, Bologna plant and district heating system engineering at Ospedale network in Turin Sant'Orsola-Malpighi in Bologna for a total investment of Thermal power: approx. 13MWt
€ 2,700,000 1,2MWe power for a total investment of Year of investment: 2012 for a total investment of € 31,000,000 Status: in portfolio € 6,000,000 Year of investment: 2011 Year of investment: 2011 Status: in portfolio Exit: 2015
SINLOC has set up and SINLOC has set up and SINLOC has set up and co-invested in invested in the SPV, invested in the SPV, Enrive SpA , a holding company, Interporto Solare Srl, Mercato Solare SpA,
investing in for the construction and to build a photovoltaic plant new companies in the field of management of a located on the roof of the renewable energy and energy photovoltaic plant on the roofs Agri-foodstuffs Market in Padua efficiency, particularly in of Padua’s Interport 4,3 MW Power the Veneto region 12 MW Power for a total investment of for a total investment of for a total investment of € 14,500,000 € 33,000,000 € 44,000,000 Year of investment: 2010 Year of investment: 2010 Year of investment: 2010 Status: in portfolio Status: in portfolio Status: in portfolio
SINLOC has set up and SINLOC has set up and SINLOC has set up and invested in the SPV, invested in the holding invested in the SPV, Real Estate Property Prato company, Società di Biotecnologie SpA, della Valle Srl, Ardea Energia Srl, for the design, construction, for the restoration and for the design, implementation, and management of and management of the management licence for New School of Biotechnology the former Foro Boario of Padua, energy efficiency initiatives and about 3000 sq.m. and adjacent production from reneweable at the University of Turin car park with about 550 spaces energy sources in Piedmont for a total investment of for a total investment of for a total investment of € 18,000,000 € 8,500,000 € 48,100,000 Year of investment: 2003 Year of investment: 2009 Year of investment: 2008 Status: in portfolio Exit: 2017 Status: in portfolio
17 WHERE WE OPERATE
Over the past decade we have developed projects throughout Italy, many of which in collaboration with important national and European partners.
CONTENTS Developed projects: Advisory Services Equity Investment Fund Management
18 Wind farm, Ese Nurra (Sassari) Hydroelectric Plant, Santa Vittoria Alba (Cuneo)
School of Biotechnology, Turin Energy efficiency Policlinico S. Orsola Malpighi (Bologna)
19 Italian Logistic and International Platform Observatory Este and Monselice Hospital (Padua) Sinloc S.p.A. Via Gozzi 2/G Padova Tel 049 8456911 - Fax 049 8456909 [email protected] www.sinloc.com Linkedin: Sinloc - Sistema Iniziative Locali SpA Twitter: @Sinloc_spa