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Astaldi Group

A successful business model to boost infrastructures

2011 Russia Calling5 October 2011

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ASTALDI GROUP

Astaldi is the first Italian General Contractor and one

of the most important players in the construction

sector at worldwide level

Over 7,700 employees, more than 100 job-sites at 30 June 2011

Listed on Milan Stock Exchange since June 2002

Milan Subway Line 5 (Italy), project finance Rome Subway Line C (Iltay), general contracting

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• Transport infrastructures: railways, subways, roads, highways, airports, ports, etc.

• 7th contractor worldwide in mass transit and rail

• Water and Energy: dams, hydroelectric power plants, water supply plants, acqueducts, etc.

• 4th contractor worldwide in dams and reservoirs

• Civil and Industrial Buildings: hospitals, universities, expo fair centres, civil works in oil&gas projects, etc.

• 24th contractor worldwide in industrial plants

ASTALDI EXPERTISE

ITALY >> Naples Subway Line 1 (construction)

CHILE >> Chacayes Hydroelectric Power Plant (construction and management)

ITALY >> New Hospital in Mestre (construction and management)

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• Merger of Impresa Astaldi

Costruzioni e Lavori Pubblici

and Impresa Astaldi Estero

• Sante Astaldi established his

construction business, Ing. Sante Astaldi

OVER 85 YEARS OF GREAT WORKS

Revenues: € 858mn

2000

Revenues: € 300mn

• Acquisiton of Italstrade and Gruppo Dipenta

Costruzioni

• Leadership in Italian market

2002

• Consolidation of the Group’s competitive

position• Rationalization of equity participations

and geographical positioning

•IPO•New Hospital in Mestre, the first

PPP in Italy

Revenues: ≈ € 1bn

• An integrated approach: General

Contracting and PPP/Project finance

1926

1986

1997

2005

2010

Anatolian Motorway (Turkey)general contracting

Jonica National Road (Italy)general contracting

Chacayes Hydroelectric Plant (Chile)concession

Cimego Hydroelectric Plant (Italy)

# 93 contractor

worldwide in 2011 ENR

Top Global Contractors

List

# 7 contractor

worldwide in mass

transit and rail

• Impresa Astaldi Costruzioni e Lavori

Pubblici was established

1929

’50s-‘80s

• Impresa Astaldi Estero was established

• ‘’Direttissima Roma-Firenze’’ Railway

Project, Italy• Inga Hydroelectric

Project, Congo

• Anatolian Motorway in

Turkey

1987

Revenues: > € 2bn

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• Astaldi can act both as General Contractor in large scale infrastructure works and as PPP partner.

• General Contracting (engineering + procurement + construction)

• Concessions: PPP/Project finance (financing + construction + management)

ASTALDI, A SUCCESSFUL BUSINESS MODEL – A Dual Integrated Approach

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•Italy - 2 subway lines in Milan (Line 5 and Line 4) – ≈ 30 km of new line and 40 stations

- 5 hospitals – 170,000 sq.m. and 2,900 beds

- 5 car parks – 3,600 park lots

•Turkey - Milas-Bodrum Airport – 3,000,000 pass./year

- Gebze-Izmir Highway – 422 km

- Etlik Hospital – 1,080,000 sq.m. and

3,100 beds

•Chile - Chacayes Hydroelectric Power Plant – 111MW

•Central America - Tumarin Hydroelectric Power Plant – 202MW

ASTALDI, A SUCCESSFUL BUSINESS MODEL – A Dual Integrated Approach

CHILE >> Chacayes Hydroelectric Power Plant (construction and management)

ITALY >> New Hospital in Mestre (construction and management)

Concession Projects:

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Highways(# km)

Highways(# km)

In operation

2010

2014 20 201

62017

2018

2019

2013

2012

2011

2015

2020

70 km

420 km500 km

Water & Energy(# MW)

Water & Energy(# MW)

111 MW300 MW

700 MW

1,200 MW

Subways(# km)

Subways(# km)

7 km

14 km

>30 km

Healthcare(# beds)

Healthcare(# beds)

3,000 beds

680 beds

>4,000 beds

AS OF TODAY:

•CAR PARKS = 3700

•HOSPITALS = 2830 BEDS

•SUBWAYS = >13 KM + 19 STATIONS

•HYDRO = 110MW

2010-2015 BUSINESS PLAN

TARGETS:

•CAR PARKS = 3700

•HIGHWAYS = 500 KM

•HOSPITALS = > 4000 BEDS

•SUBWAYS = 30 KM

•HYDRO = 1200 MW

FURTHER OPPORTUNITIESCOMING FROM:

•Italy: highways and subways

•Foreign markets: highways, healthcare, hydroelectric (mainly in Chile and Turkey)

Astaldi Concessions - Growth

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ASTALDI WORLDWIDE

Areas of interest

New Markets

Traditional Markets

Peru

Chile Costa Rica El Salvador Guatemala Honduras Nicaragua USA Venezuela

Brazil Canada Panama

Algeria Tunisia

Oman Qatar Saudi Arabia UAE

India

Italy Bulgaria Romania Turkey

Poland Russia

(St. Petersburg)