“I consider today’s business environment a continuous challenge. To win this challenge, one company has to fear obsolescence and must always try to be ahead of its time, through innovation and development. The moment this is stopped the obsolescence era begins” Lucio Iacobucci President &CEO Iacobucci HF Aerospace 2 HISTORY CreaIMPRESA Fund, Venture Capitalist of BNL-BNP Paribas Group, Company’s history started 40 years ago when Mr. Emilio has taken over 49% of the company, giving birth to the Iacobucci Iacobucci acquired 20% of MK Italiana S.p.A. a company HF Electronics S.p.A. While in 2009 FILACapital S.r.l., Lucio manufacturing trolleys for both aviation and trains. Iacobucci´s holding, has come to an agreement for the acquisition 2008 1972 of MGS - Modular Galley Systems AG. Iacobucci HF Electronics S.p.A. completed the acquisition of the After the acquisition of 100% of the company in 1985, Mr. Emilio aviation division of Iacobucci S.p.A. transformed into Iacobucci Iacobucci merged the company with Aviotech S.r.l. forming ATS Srl. Reacquisition of the 49% of the company from Iacobucci S.p.A. in order to consolidate its leadership in the CreaIMPRESA fund. Introduction of two new business units: the 2010 1987 trolley business. Iacobucci HF YACHT and Iacobucci HF SEAT. Idea Capital Funds SGR S.p.A., finalizes the agreements for the Lucio Iacobucci joins the family company with the development investment of the Idea Opportunity Fund I in the corporate stock of the first espresso maker for airplanes, the Hi-Fly Espresso. of Iacobucci HF Electronics S.p.A. 1994 2012 The company completes the seat certification process and delivers The HF division developed Hi-Fly Americana, a new pod machine the first shipset to client. Idea Capital Fund SGR Spa takes a stake for making American-style coffee and tea (Mercury Award IFCA around 12% through a dedicated capital increase. Company 2000) and in 2000 begins of the collaboration with Nestlé for the issues a Bond for a value slightly under 5 MLN EURO, listed at 2013 1999 development of Nescafé Espresso & Cappuccino maker Milan Stock Exchange (Extra Mot Pro Market). Completed the merger of Iacobucci ATS S.rl. And Iacobucci HF Electronics S.p.A. into new entity Iacobucci HF Aerospace S.p.A. Iacobucci HF Electronics S.r.l. is born from a spin-off of Iacobucci Launch of the new commercial seats line for first and business S.p.A. to develop espresso and coffee maker business. class. 2003 2014 Partnership between Iacobucci HF Electronics S.p.A. and Nestlè Nespresso S.A. to develop a unique system to offer an ultimate coffee experience on board. The Hi-Fly Espresso by Iacobucci- 2005 Nespresso was born. Iacobucci HF launches the Hi-Fly Trash Compactor (winning the Italian concurrence “Award Innovalazio” and the Confindustria “Award for Excellence”). 2006 Iacobucci HF Aerospace 3 COMPANY Iacobucci HF Aerospace is a worldwide leading manufacturer and supplier of galley inserts and seating products for both commercial and business aviation markets. The Company represents excellence in engineering, manufacturing, design and innovation of a wide range of products (Espresso and Coffee Makers, Water Heaters, Trash compactors, Trolleys, Ovens and seats for commercial and business aviation). Iacobucci HF Aerospace 4 FACILITIES HQ Site, Ferentino | Italy Production area: 7.250 m2 Office area: 900 m2 Employees: 192 Industrial Site in Patrica | Italy | in development Iacobucci HF Aerospace 5 STRATEGIC BUSINESS UNITS Iacobucci HF Aerospace is organized in three strategic business units: GAIN - Galley Inserts includes espresso and coffee makers, water heaters, induction ovens, trash compactors and accessories; NELI - Non Electrical Inserts which includes Food & Beverage trolleys, Duty free trolleys, Waste bin trolleys, products available in Half-size and Full-size dimensions, and Folding trolleys; SEATS - The Seating products division for business jets and commercial aircrafts: single and double seats, super lounge seats, seats with integrated shell, both mechanically and electrically operated, in different configurations and options. Iacobucci HF Aerospace 6 ENGINEERING & DESIGN Innovation is the fundamental driver for the company’s business, strategically supported by continuous investment in Research & Development. The engineering division develops and studies new materials and solutions together with Universities and Research Organizations, in order to find economically feasible and face application for new product development. Iacobucci HF Aerospace boasts professional Catìa designers, highly skilled engineers and qualified craftsmen who conceive and create state-of-the-art products. All efforts in research, design and testing aim to a continuous product quality improvement and respect of the environment. Ideas and solution to improve the service on board aircrafts in compliance with the highest aeronautical standards. Iacobucci HF Aerospace 7 CERTIFICATION Iacobucci HF Aerospace products are designed and qualified to be in compliance with FAR/CS 25 airworthiness standards and main OEMs (Airbus, Boeing, Bombardier, Embraer, Gulfstream etc.) RTCA DO160 installation requirement. The company is certified according to: EASA Part 21 sub G EASA Part 145 AS9100 comprehensive of ISO 9001 APtoDOA under EASA part 21 Sub O Future Certification: DOA under EASA Part 21 Sub J Iacobucci HF Aerospace 8 RESEARCH & DEVELOPMENT The Company invests in research & development around 20% of its annual turnover. Research and Innovation have been and still are key drivers for success and competitive advantage in the aeronautical marketplace. New seat strategic business unit investments accounts for over 2 millions between 2009-2012 such as the exclusive collaboration with Designworks USA, BMW Group, for the launch of the new VIP seat product line in 2010. Iacobucci HF Aerospace 9 ORGANIZATION CHART C.E.O. L. IACOBUCCI Assistant Legal Information Technology Human Resouces Finance Marketing Sales and Programme Customer Support T. De Santis L. Maura L. Paolone R. Palmeri Lolli P. Jallier A. Falovo R&D (Galley Insert) Operations Design Organization Quality System M. Marcoccia R. Russo W. Santilli R. Tarallo Production Engineering Purchasing F. Sarandrea L. Gomiero Design Office Production Electrical Galley Insert M. Spaccarotella Office of Airworthiness F. Negri Production Seats A. Brusca Technical Publications D. Rossilli Production Non Electrical Galley Insert Technical Service A. Vaccaro Assistance F. Lattavo Quality Control G. Persini Iacobucci HF Aerospace 10 NUMBERS 30 25 28,1 20 22,6 21,4 20,7 Revenues 15 10 10,9 10,5 11,6 5 2,4 7 5 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 -increase between 2010 and 2011 also consider consolidation of ATS revenues in the company’s balance sheet (5,5 M€). 250 200 210 216 212 150 194 163 100 Employees 104 50 73 87 23 33 52 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Iacobucci HF Aerospace 11 CUSTOMERS Acquest Corporation AWAS Etihad Airways Knight Aerospace Saudi Arabian Airlines ADAT (x Ethiad) AZIMUT EVA Air Korean Air Scandinavian Airlines Aegean Air BaySys Technologies, LLC Evergreen Aviation Techn. Kuwait Airways Sell GmBH Aero Mexico Biz Jets ExecuJet L 3 Communication SERVAIR Aero Nexus Blue Sky Falcon Aviation Service LAN Airlines Servizi Aerei Aeroflotte BOC Aviation Field Aviation Lear Jet Sete Aviation Aerotec (EADS) Boeing Finnair LSG SKY CHEFS FINLAND Shandong Airlines Afriqiyah Boeing Business Jets Fly Baboo Lufthansa SIA ENGINEERING COMPANY Air Asia BOFFI SPA Flying Colors Lufthansa Technik Sichuan Airlines Air Austral Bombardier Inc Fokker Services BV LUFTHANSA TECHNIK COMP. Singapore Airlines - SIA Air Baltic British Airways GAMECO Mac Interiors Ltd, Soundair Air Berlin Bulgaria Air Garuda indonesia Malaysia Airlines South African Airlines Air Calin C&D LA PALMA C&D zodiac GATE V MAX AEROSPACE & AVIATION Spiriant Air China CALC Leasing company GE Capital Aviation Services Mecaer Sr Technics Air Comet CASC Leasing company GECC OF DELAWARE,GCAIE MICHAEL LEWIS SriLankan Airlines Air Europa Cathay Pacific - CX Global Jet Mjet ST Aerospace Air France Cessna Gore Design Completions MONDOMARINE Swiss International Air Lines Air India - AIN CHEP Aerospace Greenpoint Technology National Air Services Taeco Air Lease Corporation China Airlines - CAL Gulfstream Nayak Aircraft Service Tag Aviation AIR SUPPORT China Eastern Airlines - CEA Hainan Airlines HNA Netjets TAM Air Tahiti Nui CHINA NATIONAL AVIATION Hawker Beechcraft New United Goderich Tap Air Portugal Air Tanker China Southern Airlines HONG KONG AIRCRAFT ENG. NFF AVIONICS Thai Airways Air Taxi Services Com Air Hong Kong Dragon Air NOVAIR Trade Air AIRBUS Comac Hong Kong Liberty Aviation Ocean Sky Transaero Airbus Corporate Jet Center Comlux Iberia Ogma Transasia AIRE - AIRCRAFT INTERIOR Condor ICBC Leasing company Oman Air TunisAir AIRINMAR Corporate Eagle ICELANDAIR Pakistan Airlines Turkish Airlines AIRLINE SERVICES LTD Corsair International ILFC Pats Aircraft Turkish Do & CO AJ Walter Aviation Croatia Airlines IME Petra Airlines Turkish VIP Al Jaber Aviation Czeck Airlines IndiGo Philippines Airlines Turkmenistan Airlines Alitalia Dassault Aviation International Aero Polish Airlines LOT U Tair All Nippon Airways - ANA Dassault Falcon Jet INTERTURBINE LOGISTIK Prime Air Unical Altitude DASSAULT Proc.service inc. JALUX Qantas United Airlines AMAC Aerospace DC AVIATION Jamco Qatar Airways United Technologies Corp. - UTC American Airlines Delta Interiors Japan Airlines Corporation Qatar Executive