MAIRE TECNIMONT OUR ESG COMMITMENT

Borsa Italiana – Sustainability Week July 2020 DISCLAIMER

This document has been prepared by Maire Tecnimont S.p.A. (the “Company”) solely for use in the presentation of the Maire Tecnimont Group (the “Group”).

This document does not constitute or form part of any offer or invitation to sell, or any solicitation to purchase any security issued by the Company.

The information contained and the opinions expressed in this document have not been independently verified. In particular, this document may contain forward-looking statements that are based on current estimates and assumptions made by the management of the Company to the best of its knowledge. Such forward-looking statements are subject to risks and uncertainties, the non-occurrence or occurrence of which could cause the actual results – including the financial condition and profitability of the Group – to differ materially from or be more negative than those expressed or implied by such forward- looking statements. This also applies to the forward-looking estimates and forecasts derived from third-party studies. Consequently, neither the Company nor its management can give any assurance regarding the future accuracy of the estimates of future performance set forth in this document or the actual occurrence of the predicted developments.

The data and information contained in this document are subject to variations and integrations. Although the Company reserves the right to make such variations and integrations when it deems necessary or appropriate, the Company assumes no affirmative disclosure obligation to make such variations and integrations.

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 2 SUMMARY

1. Group Overview 2. Our Sustainability Strategy 3. Our Commitment to ESG MAIRE TECNIMONT GROUP

• Leading worldwide technology and engineering Key Indicators (FY2019) contractor focusing on oil & gas onshore €3.3 bn Revenues downstream: – €235.6 m EBITDA – Oil & Gas Refining €78.9 m* Net Cash – Fertilizers €6.3 bn Backlog

• Growing Presence in Green Chemistry and ~9,300 Employees and E&I professionals Renewable Energy €0.6 bn Current Market Cap

• Flexible Business Model spanning the entire value chain: Revenues by Business Unit (FY2019) – From Technology-to Execution–Driven 4% Business

• Strong Technology DNA - Portfolio of approx. 1,300 Patents

• Two Business Units: – Hydrocarbons – Green Energy 96% Hydrocarbons Green Energy

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 4 * Excluding €59.4 million in Non-Recourse Project Financing for the Alba Bra Hospital project, including €16.6 million to be recovered in India, excluding trade receivables equivalent to a financial credit for €38.3m and Financial Leasing liabilities - IFRS 16 for €150.1m. KEY MILESTONES

Our Evolution

1899 GROUP 1937 1971 1972 Listing on the Dutch State Mines – DSM Kinetic Technology Int. - KTI Incorporation of Italian Stock More than 40 years of FIAT ENGINEERING research centre for services Exchange work to coal mines experience in process engineering 2001 1947 1988 Acquisition of FIAT Avio’s Electric Incorporation of Mannesmann acquired KTI Design & Construction Business STAMICARBON 1999 Technip acquired KTI 2004 Chemical and Fertilizer licensing Acquisition of Acquisition of KT Revenues and Fiat Engineering Acquisition of Kinetics Technology Backlog (later MAIRE ENGINEERING) Stamicarbon (formerly Technip KTI) Doubled

2005 2007 2009 2010 2011 2013 2015-17 Today

Incorporation of 100% Acquisition of the Indian Reorganization Launch of the Expansion into subsidiary Tecnimont Pvt. Ltd. of New Green Chemistry MAIRE TECNIMONT (formerly TICB) Italian HQs Business 1990s Strategy Tecnimont acquires 50% of the Indian company renamed as Tecnimont ICB Pvt 2005 Ltd (TICB) Maire Group acquires Tecnimont 1977 Creation of the first JV 1973 between ICB and Tecnimont Incorporation of New Offices TECNIMONT 1958 1963 Incorporation of ICB Pvt Ltd as Giulio Natta 1966 consulting firm in the plant sector in Incorporation of Nobel Prize for Mumbai chemistry MONTEDISON

1884 1888

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE MONTECATINI 5 Power Supply Mines and Chemicals GROUP STRUCTURE – MAIN COMPANIES

KT Met Neosia NextChem Tecnimont Kinetics Technology Stamicarbon Development Renewables

Large-scale • Refining • Fertilizers • Project • Green • Renewable contracting in: • Hydrogen and Technology Development Chemistry Energy • Oil & Gas Syngas • Urea Licensing Refining Production • Petchem • Sulphur • Fertilizers Recovery

Business Hydrocarbons Green Energy Unit

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 6 HYDROCARBONS BUSINESS UNIT: AREAS OF EXPERTISE

PETROCHEMICALS OIL & GAS REFINING FERTILIZERS

• Polyethylene (LDPE, • Hydrogen and Syngas • Urea HDPE) Production • Ammonia • Polypropylene • Sulphur Recovery • Nitric Acid • Propane • Tail Gas Treatment Dehydrogenation Process (PDH) • Fire Heaters

A Market Leader in Downstream

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 7 BUSINESS MODEL IN HYDROCARBONS

Maire Tecnimont Group’s Presence Across the EPC Value Chain

TECHNOLOGY-DRIVEN EXECUTION- DRIVEN

PROJECT LIFE-CYCLE LICENSING ENGINEERING PROCUREMENT CONSTRUCTION DEVELOPMENT SUPPORT

• Startup PETROCHEMICALS • Operation Advice OIL&GAS REFINING • Maintenance

FERTILIZERS • Inspections

• Revamping

Subsidiary:

Full Involvement: From Project Development to Life-Cycle Support

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 8 GREEN ENERGY BUSINESS UNIT: AREAS OF EXPERTISE

GREEN GREEN The innovative area aimed at identifying oil substitutes to produce chemical intermediates, fuels and plastics from renewable sources.

CIRCULAR ECONOMY Focused on plastic waste recycling to produce Upcycled polymers, fuels and other chemicals.

GREENING THE BROWN Aimed at mitigating the environmental effects of the technologies used for the transformation of oil and natural gas.

Already a Profitable Business

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 9 GREEN ENERGY BUSINESS MODEL

BUSINESS MODEL NOT VIABLE DUE TO SIGNIFCANT INVESTMENT SCALE OPERATOR Production plant player

JOINT DEVELOPER OPTION MAY NOT JOINT DEVELOPER BE FEASABLE DUE Equity and tech partnership GREEN BUSINESS MODEL TO INVESTMENT with industrial player SCALE

EPC EPC service provider

EPC AND LICENSOR BUSINESS MODELS TO BE PURSUED ONLY IF JOINT DEVELOPER OPTION IS LICENSOR POSSIBLE IP and Feed sale to industrial players

SMALLMEDIUM SIGNIFICANT

INVESTMENT SCALE

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE Business Model Depending On The Business Scale 10 GLOBAL & TECHNOLOGICAL LEADERSHIP PETROCHEMICALS FERTILIZERS OIL & GAS REFINING Well rooted technology orientation: market leader (#1) 54% WELL RECOGNIZED for installed capacity Market share in LEADERSHIP licensing urea plants in Licensing hydrogen technology technology and in licensing 30% (#1 worldwide)* Sulphur Recovery and Tail Market share in Gas Treatment Technology polyolefin plants

34% WORLD CLASS Market share TRACK RECORD 50% in licensing urea in Large Gas Market share in granulation technology Treatment Plants and LDPE plants (#2 worldwide)* Refinery Process Units

Since 1924 Since 1970 Since 1971

Polyethylene and >250 >200 172 Hydrogen and Sulphur Recovery Polypropylene Plants Ammonia and Urea Plants** Unit Projects**

Strong commitment ~ 1,500 to technology development Cumulated Patents

INVESTED IN R&D Since 2015 €56MLN INNOVATION 70 PROJECTS

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 11

* Data are based on corporate analysis ** Completed EXTENSIVE INTERNATIONAL PRESENCE

ROMESITTARD MILAN MOSCOW BRAUNSCHWEIG MUMBAI

ITALY AND THE REST OF 2,939 EUROPE

INDIA AND THE 2,057 REST OF ASIA

RUSSIA AND THE CASPIAN 566 REGION

AMERICAS 43

MIDDLE EAST 537 Headquarters AFRICA 109 Main offices and engineering centres TOTAL 6,251* EMPLOYEES Subsidiaries, branches and representative offices E&I division ~3,000 GRAND TOTAL ~ 9,251

*Average age: ～ 41.7 years Approx. 68% graduates A Real Multicultural and Multinational Group

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE Data as of: 31.3.2020 12 MAIRE TECNIMONT GROUP’S SHAREHOLDERS

Major Shareholders % of ordinary shares % of voting rights*

GLV Capital S.p.A. 51.018% 67.565%

Arab Development 4.733% 3.134% Establishment (ARDECO)

Other institutional and retail 44.249% 29.301% investors

NOTE: Based on the latest official information communicated to Maire Tecnimont (e.g. shareholders’ register, official filings)

(*) Pursuant to Article 120, Paragraph 1 of the Legislative Decree no. 58 of 24 February 1998 and to Article 6 bis of the By-Laws ("Voting right increase"), share capital of Maire Tecnimont S.p.A. refers to the total number of voting rights equal to 496,305,566

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 13 SUMMARY

1. Group Overview 2. Our Sustainability Strategy 3. Our Commitment to ESG SUSTAINABILITY STRATEGY: FIVE PILLARS

OUR GOAL Maire Tecnimont has implemented a systemic approach to pursue efficiency, resilience and growth, integrating sustainability in every aspect of its operations, with the long-term goal of driving the energy transition and contributing to the sustainable and inclusive development of the communities where we operate.

ENERGY TRANSITION • Contribute to a sustainable economy 1. • Develop new products and processes from non-fossil raw materials

DIGITAL INNOVATION • Digital transformation to optimize internal processes and create digital services 2. for customers

INNOVATIVE AND • Improve productivity 3. MORE EFFICIENT • Providing more energy efficient solutions to improve the Group’s value SOLUTIONS FOR proposition CLIENTS

THE ROLE OF LOCAL • Maximize local content and local stakeholders’ engagement 4. CONTENT FOR • Contribute to the social and economical development of local communities SUSTAINABLE DEVELOPMENT

OPEN INNOVATION LAB • Development of an innovation center and a partnership with Milano Innovation 5. District (MIND) • Act as enabler and accelerator of green initiatives AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 15 SUMMARY

1. Group Overview 2. Our Sustainability Strategy 3. Our Commitment to ESGs OUR COMMITMENT TO THE UNITED NATIONS SDGs

A sound sustainability vision is not only a powerful risk management trigger for our Group but also helps us to be increasingly resilient to the ever-changing energy scenario in which we operate. From a grounded vision inspired by the Sustainable Development Goals (SDGs) and the UN Global Compact Ten Principles

derives a set of equally concrete goals and the need for a faster energy transition:

Develop new products and Minimize the carbon processes for non-fossil Strengthen the circular footprint for oil & gas raw materials, always economy processing encouraging waste-to- energy

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 17 MAIN RESULTS ACHIEVED IN 2019

ENVIRONMENTAL SOCIAL • Launch of NextChem • Multi-year HSE awareness program (SAFETHINK) • 56 ongoing innovation projects • MET Academy, a new multi-channel training platform available • Launch of a multi-year digital transformation to all employees program: Beyond Digital • In Country Value (ICV): 52% of goods and services purchased • Implemented one of the most advanced plastic locally (20 main Projects) recycling plant in EU (Bedizzole) • Women’s middle management positions up by 14% (vs. 2018) • Issued the first ESG-Linked Loan • 100% new suppliers screened on social and environmental • CDP rating reconfirmed: “B” criteria

GOVERNANCE • Solid governance of Sustainability (Internal Committee and Advisory Board) • Implementation of Sustainability Policies • 15% of the MBO Plan of the CEO and Top Management linked to Environmental Targets

HIGHLY RANKED IN ALL THE MAIN SUSTAINABILITY INDEXES

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 18 OUR FOCUS AREAS

• CLIMATE CHANGE & GHG EMISSION • WASTE MANAGEMENT

ENVIRONMENTAL • ENERGY EFFICIENCY • R&D AND INNOVATION

• HEALTH AND SAFETY • HUMAN CAPITAL DEVELOPMENT

• DIVERSITY • RESPONSIBLE SUPPLY CHAIN • EMPLOYMENT • LOCAL ECONOMIC DEVELOPMENT SOCIAL • CUSTOMER RELATION • LOCAL COMMUNITIES • HUMAN RIGHTS

GOVERNANCE • DIVERSITY • ETHICS AND COMPLIANCE

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 19 OUR FOCUS AREAS: ENVIRONMENTAL

AREAS SDGs COMMITMENT OBJECTIVES

• Implementation of air emission estimate methodology accounting for Scope 3 • Reduce the carbon footprint of Emissions the Group and its Clients CLIMATE CHANGE • Target of 20% CO reduction/avoided • Minimize GHG impact of logistic 2 emission (Scope1+Scope2+Scope3) by 2023 & GHG EMISSION activities • Carbon Disclosure Project rating improved • Compensation initiative from B to A by 2021 • Launch of Green Logistic Plan

• Implementation of several energy saving ENERGY • Optimize energy consumption at and GHG reduction initiatives in the EFFICIENCY office level and construction sites Group’s main offices (LED Lights) and at a Pilot Site

• Cooperation with Saola Energy to license a technology for the production of WASTE • Reduce the environmental impacts Renewable Diesel MANAGEMENT of plans’ production • Pursuing 10+ new projects related to Circular Economy, Green Green and Greening the Brown

• 70+ ongoing innovation projects R&D AND • Research activities to promote technological development and • Continue to invest in R&D to reinforce our INNOVATION innovation IP Portfolio

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 20 OUR FOCUS AREAS: SOCIAL (1/2)

AREAS SDGs COMMITMENT OBJECTIVES

• Continue to promote and reinforce the HEALTH AND • Protection of workers' health and Health and Safety culture by strengthening safety SAFETY the HSE Awareness Program

• Social Audit Programs on Suppliers RESPONSIBLE • Promote a sustainable supply chain SUPPLY CHAIN • Launch of Maire4PMI, a specific program targeted to Italian SMEs

LOCAL ECONOMIC • Contribute to the development and • Launch of multi-year strategic program of economic growth of the countries In Country Value with active involvement DEVELOPMENT where the company is present of Regional Offices

• Support Local Communities • Inclusion of Employees and Business LOCAL • Strengthen the Stakeholder Associations in the Stakeholder Engagement COMMUNITIES Engagement • Promote cooperation agreements with • 20+ Agreements with Universities Universities

• Continuous implementation of programs and events to reinforce HUMAN CAPITAL • Strengthen the knowledge and skills of Cyber Security and Fraud Prevention the entire workforce DEVELOPMENT • Leadership Program implementation • Diversity and Inclusion Committee

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 21 OUR FOCUS AREAS: SOCIAL (2/2)

AREAS SDGs COMMITMENT OBJECTIVES

• Promote Equal Employment DIVERSITY Opportunities (Gender. Age, • Diversity and Inclusion Committee Nationality)

• Diversity and Inclusion Committee • Commitment of at least 10% targets linked • Promote sustainable development to ESG in the future LTI plans through sustainability targets • Continue to pursue work-life balance EMPLOYMENT • Ensure work-life balance and initiatives (launch of Smart Working for KT promotion of Smart Working Employees in Rome) • MBOs linked to ESG targets extended to all management worldwide by 2024

• Cooperation with Clients in CUSTOMER • Implementation of Integrated Customer sustainability programs targeted at Satisfaction Monitoring System RELATIONS local communities

• Pursue Human Rights Awareness among • Promote the protection of Human and employees, leveraging on multi-channel HUMAN RIGHTS Workers Rights educational MET Academy platform

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 22 OUR FOCUS AREAS: GOVERNANCE

AREAS SDGs COMMITMENT OBJECTIVES

• Promote Equal Employment DIVERSITY Opportunities (Gender. Age, • Lunch of Diversity & Inclusion Committee Nationality)

• Launch of training courses on Group ETHICS AND • Constant alignment with international Anticorruption Code recommendations and best practices COMPLIANCE on governance • Adoption and implementation of Group Anticorruption Code by 2021

AR ENMN RU’ S OMTET–JULY 2020 – COMMITMENT ESG GROUP’S TECNIMONT MAIRE 23 Maire Tecnimont Group’s Headquarters

Via Gaetano De Castillia, 6A 20124 Milan [email protected]

Investor Relations T +39 02 6313-7823 F +39 02 6313-733702 6313-7823 [email protected]

www.mairetecnimont.com