HERAGROUP HERAMBIENTE Herambiente is Italy’s largest company in the waste treatment sector Herambiente S.p.A. Hera Group company Registered Office: Via Carlo Berti Pichat n. 2/4, 40127 Bologna Commercial Headquarters: Viale G. Di Vittorio n. 62, 48123 Ravenna Administrative Headquarters: Via del Terrapieno n. 25, 47924 Rimini www.gruppohera.it HERAMBIENTE Herambiente is Italy’s largest company in the waste treatment sector With 81 certified plants, more than 730 specialised covers the entire treatment chain, Herambiente carries operators and a dedicated sales team, Herambiente out the complete range of operational and commercial operates on both the domestic and international markets, activities relating to waste treatment and material and and is an industry benchmark across Europe. Using energy recovery, providing its customers with safe, a full-service integrated management system that certified, efficient and environmentally friendly solutions. 4.5 mln ton/year 135.8 mln € OF WASTE HANDLED EBITDA 2.9 mln ton/year OF SPECIAL WASTE HANDLED 788.4 GWh 207.6 GWh OF ELECTRICITY OF THERMAL ENERGY GENERATED EVERY YEAR GENERATED EVERY YEAR All of these figures refer to 2012 Two Herambiente operators at the Ravenna special waste plant QR code generated on http://qrcode.littleidiot.be 2 HERAGROUP THE WASTE MANAGEMENT BUSINESS HERAMBIENTE’S DNA. The roots of Herambiente’s positioned to take advantage of the development know-how can be traced back almost 100 years to prospects for the sector. At the time of its creation, the municipally owned companies of Emilia-Romagna Herambiente therefore inherited the expertise and plant tasked with waste management in the first half of the resources of the Hera Group Environment Division, twentieth century, and then, over the course of the Ecologia Ambiente S.r.l. and Recupera S.r.l. years, to the construction of plants for the treatment and disposal of urban waste. GOVERNANCE. The company is 75% owned by Hera Group, one of Italy’s biggest multi-utility companies HERAMBIENTE’S BIRTH. Incorporated on 1 July providing environmental, water and energy services, 2009, Herambiente was created out of a desire with Ambiente Arancione Cooperatief U.A. (a subsidiary to concentrate Hera Group’s vast plant resources of UK fund EISER and Dutch fund AGP) holding the within a new company that would be better remaining 25%. Granarolo, operators at work in the wast-to-energy plant HERA GROUP Hera Group was created in 2002 as the Group is now one of the country’s of gas a year; and the fourth-largest a result of the first and largest merger largest multi-utility companies. It is in the electricity sector, selling 10.3 in the public utility sector, which the largest company in Italy in the TWh of electricity a year. It currently involved more than 15 companies environment sector, treating 5.2 million employs 8.500 people and serves an formerly owned by the municipal tonnes of waste a year; the second- area covering more than 3.3 million authorities of Emilia-Romagna. Active largest in the water sector, selling residents in the provinces of Modena, in the environment sector, in the 310 million cubic metres of water Bologna, Ferrara, Ravenna, Forlì- integrated water cycle and in the sale a year; the third-largest in the gas Cesena, Rimini, Pesaro-Urbino, Padua and distribution of electricity and gas, sector, selling 2.9 billion cubic metres and Trieste. EISER GLOBAL INFRASTRUCTURE FUND APG ASSET MANAGEMENT EISER is one of the leading European infrastructure funds, Founded on 1st March 2008, Apg Asset Management with total committed funds of €1.1 billion, and is managed by is a Heerlen, Netherlands-based pension fund firm. EISER Infrastructure Limited. EISER has already invested in The firm is a subsidiary of Apg Groep N.V. and affiliated with Apg 10 companies, mainly in the EU, with a total enterprise value Investment Services N.V. and Apg Asset Management US, Inc. exceeding €3 billion. EISER has considerable experience in the A part of firm’s equity assets are managed externally. environment sector, having acquired in 2007 a stake in Cory The firm has branches in Amsterdam, Netherlands and Hong Environmental, a company operating on the UK market that Kong. This investor has designated itself socially responsible. has built a waste-to-energy (WTE) plant in south-east London. EISER is already present in Italy with outright ownership of a gas transmission company, Società Gasdotti Italia. HERAMBIENTE 3 THE HERAMBIENTE FAMILY TREE AMF AMI AMIA AMIR AREA ASC GEAT SEABO SIS META TEAM UNICA AGEA ACOSEA TauLARIA SaT HERA ECOLOGIA RECUPERA AMBIENTE ENVIRONMENT DIVISION EISER APG 25% AMBIENTE ARANCIONE HERAMBIENTE 75% NESTAMBIENTE FEA NUOVA CONSORZIO ROMAGNA AKRON ASA SOTRIS FERONIA SVILUPPO ENOMONDO GEOVIS AKHEA COMPOST AMBIENTE TOSCANA PLANS FOR MANAGEMENT AND IMPLEMENTATION PLANNING, ENERGY REMEDIATION MANAGEMENT MANAGEMENT BUILDING AND PLANNING AND IMPLEMENTATION CHARACTERIZATION, MAINTENANCE OF AND ADHERENCE PRODUCTION AND OF LANDFILL OF TEMPORARY MANAGEMENT IMPLEMENTATION AND DESIGN AND WTE IN BOLOGNA MANAGEMENT TO SAFETY FROM MANAGEMENT FOR SPECIAL STORAGE, OF PLANTS OF OPERATIONS MANAGEMENT INTEGRATED PROVINCE. OF MULTIPURPOSE MEASURES RENEWABLE OF INTEGRATED WASTE. PRE-TREATMENT FOR TREATMENT, AND INVESTMENTS OF PLANTS MANAGEMENT PLANTS INTERVENTIONS, FUELS THROUGH SYSTEMS OF SPECIAL STORAGE, AND RELATING TO FOR PRODUCING OF GLOBAL FOR WASTE ENVIRONMENTAL BIO-DIGESTION FOR WASTE HAZARDOUS AND DISPOSAL OF ENVIRONMENTAL RENEWABLE ENVIRONMENTAL TREATMENT. RECLAMATION OF WASTE TREATMENT. NON-HAZARDOUS NON-HAZARDOUS SERVICES. THERMAL SERVICES (INCOME, OF INDUSTRIAL ORGANIC WASTE. WASTE. AND ELECTRICAL TECHNICAL AND AND CIVIL AREAS. FRACTIONS. POWER, THROUGH ADMINISTRATIVE BIOMASSES CONSULTING IN WTE. AND LOGISTIC ASSISTANCE). PLANS FOR CHARACTERIZATION AND ENVIRONMENTAL RECLAMATION, WITH SPECIAL REFERENCE TO THE MATERIALS CONTAINING ASBESTOS, STORAGE AND DISPOSAL OF HAZARDOUS WASTE AND NOT HAZARDOUS. ENVIRONMENTAL RECLAMATION. MUNICIPAL COMPANIES INCLUDED IN THE HERA GROUP SUBSIDIARIES AFFILIATES Company profile data updated to December 2012, 31th 4 HERAGROUP PLANTS: THE BEST TECHNOLOGY FOR THE ENVIRONMENT DISCARDS AND 1 6 ELECTRICITY FROM BIOGAS Herambiente’s 81 plants represent the largest plant infrastructure in Italy SEPARATED URBAN WASTE UNRECOVERABLES COLLECTION OF DRY FRACTIONS and allow the Company to manage the entire waste treatment chain in an 2 BIOGAS 7 NON-HAZARDOUS SLUDGES environmentally friendly manner. In addition to its large number of plants RECOVERY CONSORTIUM 8 INCINERATION SLAG and the wide range of treatment types they cover, Herambiente’s plant 3 LEACHATES UNSEPARATED infrastructure is unique, both within Italy and internationally, for its reliability, 4 HAZARDOUS 9 INCINERATION ASHES SLUDGES cutting-edge technology and high performance in terms of minimising SELECTION SEPARATED 5 DISCHARGE environmental impacts. COLLECTION OF ORGANIC & GREEN WASTE Thanks to this structured, innovative plant infrastructure capable ELECTRICAL ENERGY of satisfying all waste selection, treatment and disposal needs, LANDFILL FOR NON-HAZARDOUS WASTE THERMAL ENERGY Herambiente’s activities are characterised by an integrated 1 SEPARATION waste management approach that meets the priorities set SPECIAL WASTE r NON-HAZARDOUS SOLIDS out by the relevant EU directives: 1 NON-HAZARDOUS 1 SLUDGES – to progressively reduce the waste produced NON-HAZARDOUS and reduce hazardousness levels; LIQUIDS – to promote the reuse, recycling and recovery HAZARDOUS SOLIDS of materials and energy; WASTE-TO-ENERGY PLANT ANAEROBIC DIGESTION HAZARDOUS – to minimise the disposal of waste 6 AND COMPOSTING SLUDGES in landfills. HAZARDOUS 2 FERTILISER PRODUCTION LIQUIDS In line with European best practices, 3 Herambiente is continuing to reduce the PHYSICAL-CHEMICAL 8 TREATMENT percentage of urban waste put in landfills, which fell from 30,1% in 2009 to 21% in 2012. BIOLOGICAL DEPURATION PLANT 7 This reduction is offset by the gradual growth in 4 waste sent for recovery of materials and energy. RECOVERY FOR CONSTRUCTION MATERIAL 8-9 4 3 From the moment of its creation in 2002, Hera began an AGRICULTURAL SOIL IMPROVING COMPOST THERMODESTRUCTOR 7 intensive programme to renovate and upgrade its plants 9 serving the various stages of the waste treatment chain. This 5 programme has been continued and expanded by Herambiente since 2009. In the first phase of the programme, in implementation of the plans and in 3 response to requests from local authorities, the Group’s waste-to-energy PRE-TREATMENT OF SLUDGES plants were completely renovated in order to minimise their environmental impact and increase their energy generation. The Group’s most recent waste- RIVERS AND CANALS to-energy plan, its eighth, is at Pozzilli in the province of Isernia. This means that Herambiente is now also active in Molise. THERMAL ENERGY AZHARDOUS WASTE LANDFILL Herambiente’s 81 plants ELECTRICAL ENERGY A vast programme is currently under way to upgrade the plants that recover allow responsible and materials from the separated collection of both organic waste (treated in comprehensive waste biodigestion and composting plants) and dry waste (sent for recycling after management. AGRICULTURAL SOIL IMPROVER treatment in dedicated selection platforms). HERAMBIENTE 5 Herambiente’s plants cover the entire treatment chain: storage and initial pre- treatment, the selection and recovery of “dry” materials (paper, cardboard, glass, plastic and cans), anaerobic digestion and composting,