Maire Tecnimont Group and Tecnimont Civil Construction October 2013 Group Overview Tecnimont Civil Construction overview Focus on TCC Capabilities: Design & Management Main projects October 2013 2 GROUP OVERVIEW: Facts & Figures Focus on Oil&Gas Petrochemicals Fertilizers Technology & Licensing Engineering & Construction Flexible Business Model offering advanced skills in Licensing , Engineering Services , EP (Engineering & Procurement), EPC (Engineering, Procurement & Construction) Energy & Ventures The largest gas treatment plant ever US$ 4.7bn* awarded in Abu Dhabi (UAE) on a Lump Sum Zero Incident Target Turn Key (LSTK) basis Ø Safety Culture Total Recordable Incident Rate: 0.05** vs 0.38 industry benchmark *overall value of the Habshan 5 project, MT share is 50% **referred to Tecnimont Group October 2013 3 GROUP OVERVIEW: Global & Technological Leadership Awards in 2012 Market share in polyolefins * Long standing (#1 worldwide as per capacity installed in the last 6 ys), €2.6bn client relationships 30% including a 40% in LDPE (Low Density PolyEthylene) Market share in licensing urea plants technology 50% (#1 worldwide)* ~800 Individual Patents Market share in licensing urea granulation 35% technology (#2 worldwide)* in Licensing hydrogen technology World ranking Well (with single train capacity up to in EPC onshore Revenues ** recognized 180,000 Nm 3/h) and in licensing #13 position Sulphur Recovery and Tail Gas Treatment Technology (with design capacity of single train up to 1,500 t/d) *management estimate**Research by Primary Consulting Company October 2013 4 GROUP OVERVIEW: Key Milestones (1/2) 1899 1958 FIAT GROUP Incorporation of ICB Pvt Ltd as 1972 consulting firm in the plant Incorporation of sector in Mumbai FIAT ENGINEERING 1977 2002 Creation of the first JV Acquisition of FIAT Avio’s Electric between ICB and Tecnimont Design & Construction Business 2004 1990s Acquisition of Tecnimont acquires 50% of the Fiat Engineering Indian company renamed as (later MAIRE ENGINEERING) Tecnimont ICB Pvt Ltd (TICB) Oct 2005 Nov 2007 Dec 2007 Sept 2008 Incorporation of MAIRE TECNIMONT Listing on the Acquisition of 100% of TICB Maire Engineering Italian Stock India, now fully owned and 2005 merged into Tecnimont, Maire Group acquires Exchange integrated in the Group forming a unique E&C Tecnimont operating company 1973 Tecnimont ICB: Incorporation of Over 5 decades of excellence TECNIMONT Among the largest E&C companies in India 1966 Incorporation of Centre of Excellence for the Group - MONTEDISON engineering centre/EPC contractor for selected projects 1963 Giulio Natta Nobel Prize for chemistry Benchmark quality & cost efficiency Highly skilled personnel Electrical & Instrumentation (E&I) 1884 1888 installation excellence EDISON MONTECATINI Power Supply Mines and Chemicals then focused on Fertilizers (G.Fauser) Polypropylene (G.Natta) October 2013 5 GROUP OVERVIEW: Key Milestones (2/2) Reorganization of Italian HQs New Milan Offices: 1971 2 Towers +1 Service Kinetic Technology Int. - KTI Building (tot 69,000 sqm) More than 40 years of international About 2,000 employees experience in process engineering when fully operational 1988 Effective competences Mannesmann acquired KTI integration and cross 1999 fertilization among BUs Technip Italy acquired KTI Oct 2009 Jun 2010 Mar 2011 2011 - 2012 From 2012 on Acquisition of Acquisition of Incorporation of LAUNCH OF THE NEW Stamicarbon Technip KTI Tecnimont BUSINESS STRATEGY (later KT) Civil Construction 1947 (TCC) Incorporation of STAMICARBON Chemical and Fertilizer Enhance and develop Technology driven business licensing Lower EPC risk positioning 1937 Dutch State Mines – DSM Develop Engineering research centre for services Services revenues work to coal mines Evolve business model and explore new geographies Align organization and pursue Group synergies October 2013 6 EXTENSIVE INTERNATIONAL PRESENCE: Our Employees About 4,200 employees, half of whom are employed outside Italy Presence in about 30 countries with 45 operating companies EMPLOYEES BY COUNTRY Salzgitter Italy 1,963 Sittard Milan 1410 Rome 455 Others 98 Milan Rest of Europe 424 France 106 Paris Rome The Netherlands 101 Germany 43 Others 174 Asia 1,809 S ã o Paulo Mumbai India 1601 Rest of Asia 208 South America 36 Africa 2 Subsidiaries, branches Headquarters Main Offices and representative offices Total 4,234 Average age: ~ 41 years Approximately 60% graduates Figures as of 30 June 2013 7 COMMITMENT FOR HEALTH AND SAFETY Maire Tecnimont safety performances: zero incident targets Maire Tecnimont Group Safety 2012 International Reference Benchmarks (based on approx. 63.3 million hours worked on-site) Oil&Gas Producers 2011 Construction Industries KPI* Maire Tecnimont Contractor data (1) Institute - CII (2) LTIF (OSHA – Lost 0.003 0.09 0.11 Time InJury Frequency ) TRIR (OSHA - Total 0.05 0.38 0.58 Recordable InJury Rate) Environment, Health and Safety Management System as core value and personal commitment Integrated HSE Management System constantly reinforced, diffused, checked and upgraded with results considerably higher than international standards *Key Performance Indicator. October 2013 (1) Source: International Association of Oil & Gas Producers. Report No 2011s, May 2012. Safety Performance indicators - 2011 data. Contractor aggregated data. (2) Source: CII – Benchmarking & Metrics. Safety Report 2007. Aggregated data 2006 (BMM 2007 02 December 2007). 8 Group Overview Tecnimont Civil Construction overview Focus on TCC Capabilities: Design & Management Main projects October 2013 9 TECNIMONT CIVIL CONSTRUCTION (TCC) OVERVIEW An international E&C player in the Infrastructure and Civil Engineering sectors Integrated design and construction services for infrastructure and civil engineering projects EPC contractor applying a multidisciplinary approach for the projects successful completion World-class patrimony of engineering and project management expertise with high competences in complex and sustainable projects Strong capabilities in ProJect and Risk Management for successful project completion; Value Engineering ; Construction related technical services. October 2013 10 MAIN ACHIEVEMENTS Designed more than 1/3 of the high-speed railways network currently in operation in Italy The only EPC Contractor in Italy with capabilities in both Systems and Civil works for complex Infrastructure and Civil Engineering Projects Designed and built the first Driverless Metro System in Italy Design & Built of the new Copenhagen Cityringen Metro (Largest Metro Project in Europe) October 2013 11 COMPETENCES AND CLIENTS Design & Built of complex infrastructures with the ability to combine specialized competences Providing partial or global services for: • railways including high speed/high capacity • metro systems • highways and motorways • tunnels Highly specialized services in re-qualification of industrial sites, design and build of complex works, such as hospitals, universities, offices, facilities Main Clients October 2013 12 Group Overview Tecnimont Civil Construction overview Focus on TCC Capabilities: Design & Management Main projects October 2013 13 DESIGN & MANAGEMENT: A Complete Range of Services Feasibility study, cost and ROI analysis Permitting procedures Environmental impact assessment and monitoring Project Financing support Procurement Project economic evaluation Project Management Basic Design Detailed Design Construction Commissioning, Start up Planning and cost control Operation & Maintenance Building Facility Management Technical training 14 DESIGN & MANAGEMENT: How we Approach the Project MAIN ITEMS CONSIDERED DURING THE PROJECT EXECUTION PHASE 1. FUNCTIONALITY 3. SAFETY a. multidisciplinary approach a. safety risks assesment b. interface with other infrastructures b. construction site logistics planning c. local authorities management and c. environmental monitoring during approval construction d. constructability d. technical monitoring during construction e. operational safety measures (e.g. 2. INTEGRATION WITH OTHER antidazzling barriers , anticlimbing INFRASTRUCTURES barriers, high tecnology safety systems) a. interfered viability 4. ARCHITECTURE AND ENVIRONMENT b. motorway junctions c. Rivers a. landscaping d. irrigation systems b. antropic impact minimization e. multimodal transportation hubs c. mitigation integrated projects (p.i.m.) d. project sustainability analysis DESIGN & MANAGEMENT: Integrated Multidisciplinary Capabilities 1. Business Development and Tendering 3. Procurement a. complex partnerships a. Commercial management tailored for b. flexible contractual frameworks specific industries (civil works, systems, MEP) c. interface capability with different for optimized operations industries b. Up to date industry awareness d. international partnerships c. Effective suppliers selection &management 2. Engineering 4. Construction a. Internal integrated engineering team a. Early involvement in design and b. From feasibility to as built procurement process c. Capability to assess and manage b. Optimized planning & contract management international consultants for optimized c. Multidisciplinary project execution and solutions commissioning capability d. Valuable internal know how d. Early resolution on interfaces October 2013 16 Group Overview Tecnimont Civil Construction overview Focus on TCC Capabilities: Design & Management Main proJects October 2013 17 INFRASTRUCTURES PROJECTS UNDER CONSTRUCTION ETIHAD RALWAYS (ABU DHABI) Client: Ethiad Rail Contract type: