GROUP 2019 PROFILE CONTENTS 4 Profile 5 Group Organization Chart 6 Consolidated Financial Highlights 8 Net Asset Value 10 Investments Portfolio Transport Infrastructure 11 Atlantia Digital Infrastructure 12 Cellnex Food and Beverage 13 Autogrill Clothing and Textiles 14 United Colors of Benetton 15 Olimpias Real Estate and Agriculture 16 Edizione Property 17 Maccarese 18 Compañia De Tierras Sud Argentino 19 Financial Institutions Generali Mediobanca 20 Other unlisted Verde Sport Benetton Rugby 21 Benetton Foundation 22 Investment Criteria 22 Board of Directors 23 Management 24 History EDIZIONE GROUP PROFILE 3 PROFILE Established in 1981, Edizione The philosophy which guides and In 2018 Edizione generated S.r.l. is one of Europe’s main supports investments at Edizione is consolidated revenue of Euro 13.1 holding companies. Now in its based on a virtuous combination of billion, 47.6% of which came from third generation, it is entirely ownership and management, aimed outside Italy, with an EBITDA of Euro controlled by the Benetton family. at increasing the value of net assets, 4.2 billion (32% of consolidated The four branches of the family with long-term commitments. sales) and a net profit at Group control the capital through four level of Euro 197 million. As at 31 family holding companies. December 2018 our investment portfolio amounts to Euro 10.2 billion. Edizione pursues its objectives in accordance with the rules and Edizione, with 82,000 employees principles, laid down in the Code spread across six areas of activity, of Ethics, which establish the pursues an investment policy that values and guidelines of all its goes beyond the merely financial, behaviour and investments. with an international growth strategy. Our Strategy The Portfolio Shareholders of Holdings and Management Edizione is an active investor, which The main sectors in which Edizione is owned by the four combines an entrepreneurial Edizione operates are: transport branches of the Benetton family approach with rigorous financial infrastructure, through a holding (equal stakes) through the discipline, supporting its companies in Atlantia (acquired in 2000), following companies: Evoluzione, strategically and financially digital infrastructure through a Proposta, Regia and Ricerca. to improve their competitive holding in Cellnex (acquired in positioning and returns. Edizione 2018), food and beverage through The Board of Directors of the seeks to grow the value of its Autogrill (acquired in 1995) and company is made up of 8 members: investments over time and reinforce manufacturing, through the historic Gianni Mion (Chairman), Alessandro their presence in the various brand Benetton (founded in 1965). Benetton, Christian Benetton, sectors to which they belong. This Franca Bertagnin Benetton, Sabrina objective may also be achieved Edizione also has a presence in Benetton, Carlo Bertazzo, Fabio through acquisitions, thanks the real estate sector (through the Cerchiai and Giovanni Costa. to the network of contacts and subsidiary Edizione Property), and relationships built up by the Group the agriculture and hotel sectors. over the course of many years. Edizione holds a portfolio of shares in the financial sector, represented by its holdings in Assicurazioni Generali and Mediobanca. EDIZIONE GROUP PROFILE 4 GROUP ORGANIZATION CHART EDIZIONE 100% 30.25% 88.06% Transport Sintonia Atlantia 1 Autostrade per l’Italia Infrastructure 100% Autostrade dell’Atlantico 50% + 1 share Abertis 99.38% Aeroporti di Roma 62.50% 64% Azzurra Aéroports Aeroporti de la Côte d’Azur 100% Telepass 23.86% Hochtief 15.49% Getlink 60% 29.9% Digital ConnecT Cellnex Telecom Infrastructure 100% 50.10% Food and Schematrentaquattro Autogrill Beverage 100% 100% Clothing Benetton Benetton Group and Textiles 100% Olimpias Group 100% 100% Real Edizione Property Compañia de Tierras Sud Argentino Estate and Agriculture 100% Maccarese 100% 3.33% Financial Schematrentatre Assicurazioni Generali Institutions 2.10% Mediobanca Listed company 1 At December 31, 2018 Atlantia holds 0.95% of treasury shares EDIZIONE GROUP PROFILE 5 CONSOLIDATED FINANCIAL HIGHLIGHTS (Millions of Euro) 2018 % on 2017 % on 2016 % on revenue revenue revenue Revenues 13,119 12,106 11,670 Ebitda 4,203 32.0 % 4,170 34.5 % 3,857 33.1 % Operating result 2,301 17.5 % 2,624 21.7 % 2,495 21.4 % Net income, Group 197 1.5 % 234 1.9 % 388 3.3 % Total shareholders’ equity 21,799 16,696 14,834 Net financial indebtedness 38,402 8,726 11,086 Cash Flow 1 3,389 2,861 2,715 Employees 2 82,100 67,115 64,192 1 Calculated as Net income before minority interests plus depreciation, amortisation, impairment and provisions 2 Full time equivalent EDIZIONE GROUP PROFILE 6 Revenues Revenues by sectors by geographies ≥ Transport Infrastructure ≥ Italy ≥ Food and Beverage ≥ Rest of Europe ≥ Clothing and Textiles ≥ Americas ≥ Other ≥ Rest of World (Millions (Millions of Euro) 2017 2018 of Euro) 2017 2018 Total +8.4% Total Total +8.4% Total revenues revenues revenues revenues 12,106 13,119 12,106 13,119 15,000 15,000 50 459 -5.7% +8.5% 53 1,325 423 3,241 1,366 -3.0% 5,113 3,037 +6.7% 10,000 10,000 4,990 +2.5% 2,539 1,933 +31.4% 6,631 6,713 +2.5% 6,880 5,000 5,000 5,697 +16.4% 2018 2018 2017 2017 ricavi settore ricavi paesi 0.4 Other 3.5 Rest of World 10.1 Clothing Transport 50.5 and Textiles Infrastructure 24.7 Americas % % Italy 52.4 39 Food and Beverage 19.4 Rest of Europe EDIZIONE GROUP PROFILE 7 NET ASSET VALUE (Millions of Euro — 12.31.2018) Value % / GAV Atlantia 4,495 46.2% Cellnex 977 10.0% Autogrill 987 10.1% Assicurazioni Generali 757 7.8% Mediobanca 141 1.4% Prysmian 19 0.2% Listed investments 1 7,376 75.8% Real Estate and Agriculture 1,748 18.0% Clothing and Textiles 561 5.8% Other 43 0.4% Unlisted investments 2,352 24.2% Gross Asset Value 9,728 100.0% Net financial indebtedness 498 Net Asset Value 10,226 1 Arithmetic mean of 20 trading days of stock exchange closing prices prior to the reference date EDIZIONE GROUP PROFILE 8 EDIZIONE GROUP PROFILE 9 INVESTMENTS PORTFOLIO EDIZIONE GROUP PROFILE 10 The corporate mission of Atlantia, the main asset of Edizione, ATLANTIA reflects the holding company’s drive towards globalisation including through international partnerships that share the same strategies: high growth trends with a view to developing personal mobility. Atlantia, through constant investments in motorways and airports, affirms the Edizione philosophy, based on maximising long-term portfolio value. Transport Infrastructure www.atlantia.it year 2000 of acquisition 23 countries stake km 30.25 % held 14,000 of motorway airport 7.3 bn eur EBITDA * 63+ mln passengers EBITDA by region EBITDA by concession Atlantia Atlantia geo conc 5 other 4 Aumar 4 Sapn 6 Brazil 6 Acesa 9 Chile 8 AdR % Italy 46 % other 34 16 Spain 12 Sanef 18 France Aspi 32 * Pro-forma data 2018 with Abertis assets included EDIZIONE GROUP PROFILE 11 In 2018, Edizione decided to invest in Cellnex, the leading CELLNEX infrastructure provider for wireless telecommunications and broadcasting in Europe. In accordance with the Group’s values, this investment was inspired by confidence in global macro-trends, with the purpose of guaranteeing interesting prospects at international level. Digital Infrastructure www.cellnextelecom.com year 2018 of acquisition 29,000 towers stake 29.9 % held* 6 countries 901 mln eur 2018 turnover Turnover by channel 2018 Turnover by Region 2018 Cellnex Cellnex canale geo 9 other 9 rest of Europe % telephony 65 % Spain 52 26 audiovisual 29 Italy * Stake held by ConnecT S.p.A., a company 60% owned by Edizione EDIZIONE GROUP PROFILE 12 Autogrill is the world’s leading operator of food and AUTOGRILL beverage services for travellers. Edizione invests in human-centric and future-oriented macro-trends: the constant challenge is to tackle the rapid and radical changes in consumer habits, to ensure sustainability, tradition and innovation at global level. It is thanks to Autogrill that Edizione was able to launch its first major internationalisation process in 1999, in accordance with its original philosophy: to be an active majority shareholder to create value and success stories. Food and Beverage www.autogrill.com year 1995 of acquisition 60,000+ employees 32 countries stake points 50.10 % held 4,000+ of sale 4,695 mln eur 2018 turnover 1,000+ locations Turnover by channel 2018 Turnover by Region 2018 Autogrill Autogrill canale geo 8 other 12 International 15 Europe % airports 58 % North 51 34 motorways America 22 Italy EDIZIONE GROUP PROFILE 13 The story of the Benetton family begins with the BENETTON BENETTON brand in the 1950s. World famous, it has been synonymous for decades with the success of so- called made in Italy products, representing values of sustainability, tradition and innovation, an international outlook and creation of value. A global vision and significant entrepreneurial capabilities, these are the foundations of the Benetton family’s success. Clothing and Textiles www.benettongroup.com year 1955 of foundation 7,600+ employees stake 100 % held 4,700 stores 1,230 mln eur 2018 turnover 80+ countries Turnover by channel 2018 Turnover by Region 2018 Benetton Benetton canale geo 25 other countries 49 direct % indirect 51 % Italy 34 41 Europe EDIZIONE GROUP PROFILE 14 Created from the merger of a number of industrial OLIMPIAS firms, Olimpias is now an important group in the European textiles sector. With its two main business, textiles and clothing, Olimpias combines respect for the environment and for sustainability with research and the use of the most advanced technologies, in line with the Group’s philosophy. Clothing and Textiles www.olimpias.com stake 100 % held 9 sites 288 mln eur 2018 turnover 6 countries 2,800+ employees Turnover by channel 2018 Olimpias canale 2 accessories 5 yarns 17 fabrics % clothing 76 EDIZIONE GROUP PROFILE 15 The fruit of the comprehensive programme of EDIZIONE reorganisation and rationalisation of the real estate assets held by the holding company, Edizione Property PROPERTY now owns a portfolio of prestige properties, including such trophy assets as the Fondaco dei Tedeschi in Venice and the Champs-Élysées building in Paris.