HIGHLIGHTS Gavio Group is a global player in the design, - PowerPoint PPT Presentation

GAVIO GROUP A global player in the major infrastructure sector

2 GAVIO GROUP PRESENTATION GAVIO GROUP HIGHLIGHTS Gavio Group is a global player in the design, construction and management of major infrastructural projects . Today, the Group is the third largest operator in the management of toll motorway concessions . We connect ideas, people and goods , guaranteeing growth, safety and quality for our global stakeholders

3 GAVIO GROUP PRESENTATION GAVIO GROUP BUSINESS SECTORS EPC CONTRACTOR The Group's activities are mainly focused on the MOTORWAY following areas: CONCESSIONS MANAGEMENT OF MOTORWAY CONCESSIONS EPC CONTRACTOR (Engineering, P rocurement and Construction) ENGINEERING ENGINEERING TECHNOLOGY TECHNOLOGY

4 GAVIO GROUP PRESENTATION GAVIO GROUP Financing OUR S KIL L S : INTEGRATED AND S YNERGIC COMPETENCIES GREENFIELD A global presence in the YELL OFIELD Origination Construction infrastructure sector , with CONCESSIONS advanced financing , engineering , construction and management capabilities . With our integrated skills we create value . Management

5 GAVIO GROUP PRESENTATION GAVIO GROUP OUR S KIL L S : ONE COMP ANY ONE COMPANY MOTORWAY An integrated business model , based on EPC CONTRACTOR synergies , to develop business opportunities in an increasingly competitive global scenario ENGINEERING TECNOLOGY

6 GAVIO GROUP PRESENTATION GAVIO GROUP People Competence Know-How THE BAS IS OF OUR OPERATE PEOPLE COMPETENCE KNOW-HOW Our people , our skills and our know-how are the building blocks on which our work is based every day

7 GAVIO GROUP PRESENTATION GAVIO GROUP GROUP S TRUCTURE Gavio Group is one of the main Italian industrial groups, owned by Aurelia - Gavio family (60%) and Ardian (40%), a world- leading private investment house.

8 GAVIO GROUP PRESENTATION GAVIO GROUP ~1,423 km KEY FIGURES the main motorway operator in the north-west of Italy Gavio Group is the third largest motorway operator in the world in ~2,649 km terms of kilometres managed. through the joint control of EcoRodovias, Gavio Group is the second biggest 4,156 km motorway operator in Brazil managed motorway networks 84 km through its holding in Road Link (Newcastle-Carlisle section)

9 GAVIO GROUP PRESENTATION GAVIO GROUP billion billion KEY FIGURES ASTM revenues 2017 SIAS revenues 2017 10,000 billion billion employees Itinera backlog Aggregate revenues 2017 million 3 listed companies 2017 EBITDA $R 6.9bn (1) (1) (1) Mkt Cap Mkt Cap Mkt Cap (1) data as 29/12/2017

10 GAVIO GROUP PRESENTATION GAVIO GROUP OUR INTERNATIONAL PRES ENCE ITALY ABU DHABI ALBANIA AUSTRIA BOTSWANA BRAZIL DENMARK DUBAI FRANCE KENYA KUWAIT OMAN PORTUGAL ROMANIA SAUDI ARABIA SOUTH AFRICA SWEDEN SWITZERLAND UNITED KINGDOM UNITED STATES

Because being sustainable 11 GAVIO GROUP PRESENTATION means creating value over time. A value that is shared GAVIO GROUP with all of the Group’s Stakeholders. SUSTAINABILITY: CONNECTED TO TOMORROW Gavio Group has started a path of sustainability , drawing inspiration from the "Ten Principles" of the United Nations Global Compact initiative and the ISO 26000:2010 Guidelines. The Group is committed to operating in a responsible manner , integrating the key principles of sustainability into its business activities.

12 GAVIO GROUP PRESENTATION GAVIO GROUP OUR Long-term value VALUES creation for the Sustainability Stakeholder People respect Innovation GROUP VALUES T eam work Integrity Human resources T ransparency development Accountability

GAVIO GROUP PRESENTATION MOTORWAY CONCESSIONS SIAS ECORODOVIAS

14 GAVIO GROUP PRESENTATION MOTOR WAY CONCESSIONS A GL OBAL PL AYER The Gavio Group boasts a consolidated experience in the development , financing , management and maintenance of road and motorway infrastructures . It is the 3 rd biggest operator in the world of motorway concessions, with approximately 4,156 km of road network.

SIAS is the main motorway operator in 15 GAVIO GROUP PRESENTATION 1,423 km the North-West of Italy , one of the 13 Concessions wealthiest areas in Europe, representing 23% of the national grid MOTOR WAY CONCESSIONS THE NETWORK MANAGED BY 2,649 km EcoRodovias , jointly controlled with CR Almeida, is the second biggest 10 Concessions THE GROUP motorway operator in Brazil Newcastle-Carlisle (A69), jointly 84 km managed with RoadLink Holding, is a 1 Concessions major Northern trunk road in the UK

16 GAVIO GROUP PRESENTATION BR-135 Acquisition Secondary Market MOTOR WAY CONCESSIONS 364 Km A S UCCES S MGO Acquisition Secondary Market S TORY TE 437 Km Equity Subscription Primary Market RODOANEL NORTE 32 Km Tender Primary Market The Group's strategy has 48Km always focused on ATS operations which target ECORODOVIAS Acquisition Acquisition Secondary Market growth , with a robust, Secondary Market 131 Km sustainable and 1,792Km conservative financial profile. VESPUCIO SUR, NORORIENTE & LITORAL CENTRAL (2) AUTOVIA PADANA Acquisition Tender Secondary Market Primary Market 146Km 112 Km COSTANERA NORTE & AMB (1) SIAS PARKING (3) Acquisition Acquisition Secondary Market Secondary Market 43Km 11,5K parking lots 2006 2009 2012 2013 2014 2015 2016 2018 (1) Asset held with Atlantiaand Mediobanca, sold in 2012 - (2) Asset held with Atlantia, sold in 2012 - (3) Asset sold in 2017

17 GAVIO GROUP PRESENTATION The Group's motorway network runs along the main European infrastructural corridors , and along the strategic routes MOTOR WAY CONCESSIONS identified by the European Community for THE MOTORWAY the transportation of people and goods . NETWORK IN IT AL Y S IAS The Gavio Group , through SIAS, is the leading motorway operator in the North-East of Italy , with around 1,423 km of road network , in one of the regions with the highest income per capita in Europe.

18 GAVIO GROUP PRESENTATION MOTOR WAY CONCESSIONS THE MOTORWAY Subsidiary licensees Jointly controlled entities and associated companies NETWORK IN IT AL Y The SIAS Group motorway network in Italy is located in the North-West of the country , an area with one of the highest levels of income in Europe. It represents around 23% of the national motorway network , and constitutes an integral component of the main trans-European corridors . (TEN-T networks: the Mediterranean corridors which run south-north and east-west)

19 GAVIO GROUP PRESENTATION SUBSIDIARY LICENSEES MOTOR WAY CONCESSIONS LICENSEE SECTION SHARE KM THE MOTORWAY A4: Turin-Milan 130.3 SATAP 99.87% A21: Turin-Piacenza 167.7 NETWORK IN A12: Sestri Levante-Livorno-Viareggio-Lucca-Fornola-La Spezia 154.9 SALT 95.18% IT AL Y 182 (1) A15: La Spezia-Parma SAV A5: Quincinetto-Aosta 65.09% 59.5 A10: Savona-Ventimiglia 113.2 ADF 70.91% A6: Turin-Savona 130.9 ASTI-CUNEO A33: Asti-Cuneo 60.00% 78 (2) AUTOVIA PADANA A21: Piacenza-Brescia 51.00% 111.6 JOINTLY CONTROLLED ENTITIES AND ASSOCIATED COMPANIES LICENSEE SECTION SHARE KM A4-A5: Tangenziale di Torino (Turin Ring Road) Turin-Quincinetto ATIVA 41.17% 155.8 Ivrea-Santhià Turin-Pinerolo TE A58: Tangenziale Esterna di Milano (Milan Outer Ring Road) 48.30% 32 SITRASB T2: Great St. Bernard Tunnel 36.50% 12.8 A32-T4: Frejus Tunnel SITAF 36.50% 94 Turin-Bardonecchia (1) Including the Parma-Nogarole Rocca section (81 km under construction) (2) 23 km under construction

20 GAVIO GROUP PRESENTATION MOTOR WAY CONCESSIONS THE MOTORWAY ▪ ▪ 130.3 km 167.7 km NETWORK IN ▪ 146 flyovers ▪ 170+ bridges crossing over state and local IT AL Y roads, rivers and railways A21 Piacenza - Brescia A5 Quincinetto-Aosta ▪ • 59.5 km 111.6 km ▪ • 6 tunnels 7 stations ▪ • 51 bridges and 142 bridges and flyovers flyovers, crossing • 2 interconnections with one main river main motorways (A1, A4) ▪ ▪ 130.9 km 113.2 km ▪ ▪ 49 tunnels 67 tunnels ▪ ▪ 90 viaducts 101 underpasses ▪ ▪ 208 viaducts, Outdoor paving completely 81 flyovers made of sound-absorbing ▪ 42 bridges drainage material

21 GAVIO GROUP PRESENTATION MOTOR WAY CONCESSIONS THE MOTORWAY ▪ 182.0 km ▪ 154.9 km NETWORK IN ▪ 18 tunnels ▪ 29 tunnels ▪ 99 flyovers ▪ 160 flyovers ▪ IT AL Y Characterized by complex elevation profile A32 Torino-Bardonecchia A58 Tangenziale Est Esterna di Milano T4 Traforo del Frejus ▪ ▪ 32.0 km 94.0 km ▪ ▪ Effectiverationalization 9 tunnels ▪ of commuter traffic 45 viaducts enhancing Great environmentalquality A4-A5 Tangenziale di Torino T2 traforo del Gran San Bernardo ▪ 155.8 km ▪ 12.8 km ▪ 2 tunnels, 3 viaducts ▪ 13 bridges, 1 overpass

22 GAVIO GROUP PRESENTATION MOTOR WAY CONCESSIONS THE MOTORWAY NETWORK IN BRAZIL ECORODOVIAS Via ASTM and SIAS and jointly with CR Almeida, the Group controls EcoRodovias Infraestructura e Logistica SA , the second biggest motorway operator in Brazil, listed on the Brazilian stock market ($R 6.9 bn* Market Cap). * Data as 29/12/2017

23 GAVIO GROUP PRESENTATION IGLI MOTOR WAY CONCESSIONS Primav Construções OS: 50.0% OS: 50.0% Gavio Group e Comércio S.A. ECORODOVIAS PS: 100% PS: - Total: 69.1% Total: 30.9% S TRUCTURE Primav Infraestrutura S.A. Free Float 31.9% 64,0% 4.1% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%