v.2019-10-04/DS COMPANY PROFILE FRI-EL GROUP HISTORIC HIGHLIGHTS HISTORY 1994 FRI-EL GROUP founded by Thomas, Josef and Ernst 2011 One new wind farm (16 MW in JV with RWE Innogy Italia) Gostner, operates in the production and sale of electricity and two biogas facilities start operation. from renewable sources. First acquisitions of hydro electric plants. 2012 With the commissioning of a wind farm and nine biogas 2001 The Group established an important partnership with EDF facilities, FRI-EL GROUP confirms its leadership position in the Energies Nouvelles, building and operating in a 50/50 partner- market. ship 13 wind farms with a total installed capacity of 274 MW. 2013 FRI-EL GROUP extended its partnership with GAR; two wind farms 2002 The first wind farm was built in Gorgoglione with a total with a total capacity of ca.100 MW were installed. installed capacity of 3.3 MW using 5 Vestas V47 turbines. 2014 Through the purchase of RWE Innogy’s 80% stakes, 2007 Ready to undertake new challenges, FRI-EL GROUP FRI-EL acquires full ownership of SPER S.p.A. and ist solid biomass established FRI-EL Biogas Holding, for the development, power plant of 18.7 MW in Dittaino. construction and operation of power plants fuelled with agricultural products. 2016 FRI-EL GROUP has been awarded with the subsidized tariff for a 2008 FRI-EL GROUP entered into a strategic partnership with period of 20 years for 4 wind energy projects with an installed Innogy Italia (formally RWE Innogy Italia) for the development and capacity of approximately 130 MW. operation of wind farms and biomass plants. 2017 Due to a public tender offer, FRI-EL owns today 86% of the shares 2009 The 74.8 MW thermoelectric power plant in Acerra (Naples), fuelled of Alerion Clean Power S.p.A, which is listed on the Milan Stock by vegetable oil, entered in full production. The first biogas power Exchange. With a total installed wind capacity of 901 MW, the plant located in Codroipo is fully up and running. Group is now the second largest wind power producing company in Italy (todays total Group gross capacity of 1,023 MW). 2010 Two wind farms with an installed capacity of 50.7 MW have been 2018 FRI-EL acquires two new biogas plants. One of the two is completed with the JV Partner RWE Innogy Italia and further nine the first plant fuelled with organic waste run by the company. FRI- biogas plants enter in full production. EL GROUP also connected the Medio Campidano wind farm with a total gross installed capacity of 30.8 MW 1 FRI-EL GROUP HISTORIC HIGHLIGHTS HISTORY 2019 The windfarms of Morcone-Pontelandolfo, Albareto and Colle Sannita with a total gross installed capacity of 100.1 MW have been connected to the national grid and entered into operation. 2019 Alerion Clean Power, now part of the FRI-EL Group acquired the first, already running, wind farm in Spain with a total gross installed capacity of 36 MW. 2019 FGP Group executed an asset swap with EDF EN Italia S.p.A., resulting in the consolidation of FRI-EL Ichnusa and it‘s subsidiary FRI-EL Campidano (which runs a windfarm of 70 MW). 2 PLANNING TODAY TO LIVE WELL TOMORROW OUR MISSION Further consolidate our leading position as producer of green energy in the business units Wind, Biomass, Hydro and Biogas and strengthen our activities in energy farming Focus on sustainable, eco-friendly development and long-term investments Create value for our partners and stakeholders through sustainable investments, consistent risk management and innovative thinking 3 A DIVERSIFIED BUSINESS PORTFOLIO BUSINESS UNITS OVERVIEW FRI -EL WIND FRI -EL BIOGAS FRI -EL LIQUID BIOMASS 34 operating wind farms – 901 MW gross capacity (1 in 25 operating biogas plants of 1 MW capacity (2 out Fri-El 1 operating crude palm oil – fuelled power plant of 74.8 MW Bulgaria and 1 in Spain) Green Power perimeter). 23 plants are fuelled by agricultural Annual Energy Gross Production: approx. 600 GWh Annual Energy Gross Production of 1,500 GWh products and 2 by organic waste Consolidated experience of more than 20 years in the wind Participation and integration links with farmers energy business, from research, development, Short supply chain construction, O&M, production and sale of electricity Annual Energy Gross Production of 180 GWh FRI -EL SOLID BIOMASS FRI -EL HYDRO FRI -EL AGRICULTURE 1 operating eucalyptus wood-powered plant of 18.7 MW 15 operating hydroelectric power plants (12 out of Fri-El Romania: 13,200 ha in operation Annual Energy Gross Production: approx. 126 GWh Green Power perimeter) - installed capacity 24 MW Logistics and irrigation advantages thanks to Secured supply chain Located in 7 regions of Central and Northern Italy Danube delta Cultivation of maize, wheat, barley, sunflower, rape and soya 4 EXPERTISE AND YOUNG TALENTS HAND IN HAND TOWARDS SUCCESS THE MANAGEMENT TEAM THOMAS GOSTNER JOSEF GOSTNER ERNST GOSTNER GEORG VAJA PATRICK PIRCHER CHAIRMAN CEO (VICE-CHAIRMAN) COO CFO HEAD OF FINANCE PIETRO MAURIELLO DAVIDE IMAZIO LUIGI SPAGNA ENRICO SIMONETTO MAURIZIO DE BIASI WIND DEVEL.& HEAD of WIND DIVISION BIOGAS & WASTE to BIOGAS DIVISION O&M DIVISION BIOMASS DIVISION ENERGY DIVISION 5 GROUP STRUCTURE ADMINISTRATION 6 STRONG PARTNERS ENSURE FUTURE GROWTH STRATEGIC PARTNERSHIPS Innogy Italia has been partner of The strategic partnership with GAR choice of FRI-EL GREEN POWER was established in 2010. The joint since 2008 for the operation of venture in the liquid biomass three wind farms in Italy, with a division assures an optimal supply total gross installed capacity of 67 chain. In 2012 the partnership was MW. extended into the wind sector, with an actual total gross installed capacity of 125 MW. GAR (Golden Agri Resources) is one of the leading palm oil producers in the world. 7 HIGH PROFILE BANKING RELATIONSHIPS BANKING LEASING FRI-EL GROUP has entered Between 2002-2019 The bulk of the financings It is FRI-EL ‘s aim to create into high profile banking FRI-EL GROUP has raised (ca. 80 %) are structured as and maintain long term relationships. ca. EUR 1.0 bn of financing limited recourse/non banking relationships. facilities. recourse project financings. 8 FRI-EL COVERS THE WHOLE VALUE CHAIN BUSINESS STRENGTHS 9 GROUP STRUCTURE FRI-EL GREEN POWER 10 LOCATIONS OPERATIONAL OFFICES WIND DIVISION PLANTS AND BOLZANO NULVI-TERGU OFFICES PADOVA MORCONE ROME SAN BASILIO ACERRA CAMPIDANO BIOGAS DIVISION LIQUID BIOMASS CAGLIARI URURI VIGEVANO ACERRA POTENZA ALBARETO MOMO ENNA GRAVINA DI PUGLIA MORTARA MILAN SANT’AGATA BRIONA SOLID BIOMASS GORGOGLIONE PIOVERA ENNA ANZI ALESSANDRIA BULGARIA GROTTOLE GROPELLO C. SPAIN RICIGLIANO DAIRAGO GORGOGLIONE HYDRO POWER SERMIDE CIORLANO LASINO VILLACIDRO S. MARTINO IN P. BELLANO CODROIPO (Pan) S. MARCO IN L. TORRE CODROIPO (Qua) ORDONA PONTEVICO FLAIBANO LACEDONIA VITORCHIANO MEDEA ALBANELLA MEDUNA TORVISCOSA CASTEL DI L. NONCELLO ROVIGO AGRIGENTO LIGONCHIO GARDILLIANA LICODIA BURRIDA OSTELLATO (Eu) VIZZINI LONGONE OSTELLATO (Bu) VILLACIDRO TREIA CREVALCORE COMIOLICA PONTE S. GIOVANNI MANDURIA KRUPEN SCOPOLI S.NICOLÓ D´ARC. COLLE SANNITA CARAMANICO S. BENEDETTO PO SERRAVALLE OSTIGLIA 11 WIND WIND PORTFOLIO OPERATING WINDFARMS START of FIT / CV LOCATIONS SPC OWNERSHIP GROSS CAPACITY (MW) OPERATIONS (years ) GORGOGLIONE FRI-EL Gorgoglione S.r.l. 100 % 3.30 Feb. 2002 20 MORCONE Eolica PM S.r.l. 85.5 % 51.75 Jun. 2019 20 SANT‘AGATA FRI-EL S. Agata S.r.l. 100 % 72.00 Nov. 2006 12 RICIGLIANO FRI-EL Ricigliano S.r.l. 50 % 36.00 Jun. 2007 12 NULVI-TERGU FRI-EL Anglona S.r.l. 60 % 29.75 Jan. 2008 15 CAMPIDANO FRI-EL Campidano S.r.l. 100 % 70.00 Sep. 2008 15 ALBARETO FRI-EL Albareto S.r.l. 85.50% 19.80 May 2019 20 GROTTOLE FRI-EL Grottole S.r.l. 50 % 54.00 Dec. 2008 15 SAN BASILIO FRI-EL Guardionara S.r.l. 49 % with 24.65 Jun. 2010 15 URURI Andromeda Wind S.r.l. 49 % with 26.00 Oct. 2010 15 ANZI FRI-EL Anzi S.r.l. 49 % with 16.00 Jun. 2011 15 GUARDIA P. GORGOGLIONE FRI-EL San Canio S.r.l. 50 % with 24.00 Mar. 2013 15 GRAVINA DI PUGLIA NuovaEnergiaS.r.l. 50 % with 72.00 Nov. 2013 20 VIZZINI Callari S.r.l. 85.50% 36.00 Gen. 2009 15 CASTEL DI LUCIO Minerva S.r.l. 85.50% 23.00 Apr. 2010 15 ORDONA OrdonaEnergiaS.r.l. 85.50% 34.00 Mar. 2009 15 SAN MARCO IN LAMIS Renergy San Marco S.r.l. 85.50% 44.20 Dic. 2011 15 ALBANELLA Eolo S.r.l. 85.50% 8.50 Feb. 2004 12 CIORLANO Dotto S.r.l. 85.50% 20.00 Mar. 2008 15 AGRIGENTO Wind Power Sud S.r.l. 85.50% 33.15 Jan. 2007 12 LICODIA Parco EolicoLicodiaEubeaS.r.l. 67.19% 22.10 Sep. 2010 15 LACEDONIA Ecoenergia Campania S.r.l. 42.00% 15.00 Sep. 2008 15 SAN MARTINO IN PENSILIS New Green Molise S.r.l. 42.00% 58.00 Oct. 2010 15 13 WIND PORTFOLIO OPERATING WINDFARMS START of OPERATIONS FIT / CV LOCATIONS SPC OWNERSHIP GROSS CAPACITY (MW) (years ) VILLACIDRO Green Energy SardegnaS.r.l. 85.50% 30.80 Dec. 2018 20 KRUPEN Krupen Wind S.r.l. 42.83% 12.00 Oct. 2010 15 COMIOLICA Comiolica SL 85.50% 36.00 Dec. 2012 n.a. COLLE SANNITA Golden FRI-EL Colle Sannita S.r.l. 50 % with 28.00 Jun. 2019 20 TOTAL 27 SPC‘s-34 WINDFARMS 900.60 14 LIQUID BIOMASS LIQUID BIOMASS PLANT IN OPERATION FRI-EL ACERRA KEY PLANT FEATURES LOCATION Acerra (Naples) OWNERSHIP 50% FRI-EL Green Power with 50% CAPACITY 74.8 MW (C1: 68.3 MW – C2: 6.5 MW) ENERGY OUTPUT Approx.