STRICTLY PRIVATE AND CONFIDENTIAL

Infrastructure Partners

17th October 2019

Infrastructure Clients

Dedicated Coverage

Note: (1) Simplified representation of the client portfolio. Not exhaustive, for illustrative purposes only

1

Global Head

of Industry

Riccardo Dutto

Integrated

EPC (1)

Infrastructure

Funds (1)

Concessionaires &

TSOs (1)

Intesa Sanpaolo Expertise in Infrastructure Sector

Selected Transactions in Arab Area

2

▪ The project for the expansion of the Dubai Metro Red

Line (Route 2020 Commercial Facility) was awarded

in 2016 to a consortium of three companies led by

Alstom and including Acciona and Gulermark.

▪ The scope of work is civil works together with

earthworks, viaducts, and stations, railway systems

and rolling stock supply.

▪ Role: MLA

▪ Total Debt: USD 1,100 M

▪ ISP Dubai commitment: USD 250 M

USD 1,100 M

Financing to Dubai Metro

MLA

United Arab Emirates

2017

▪ Financing the expansion of Dubai International Airport

and of the Al Maktoum Airport by Airports Financing

Company FZE, an SPV fully owned by the

department of finance of Dubai. Total project costs

are expected to be in excess of USD 32 bn spread

over the course of 10 years

▪ Sponsor: Government of Dubai

▪ Tenor: 7 Years

▪ Role: MLA & Bookrunner

▪ Total Debt: USD 3 BN

▪ Banca IMI Commitment: USD 250 M

USD 3 BN

Financing the expansion of the

Dubai Airports

MLA & Bookrunner

Dubai

2017

▪ Banca IMI acted as Mandated Lead Arranger in the

USD 800 M Department of Finance monetisation of

the toll and other revenues associated with the Salik

Toll Collection System in Dubai. Banca IMI

participated along with West LB and Natixis in the

USD tranche

▪ Middle Eastern Toll Road Deal of the Year

Sponsor: Dept. Of Transport of Dubai

▪ Tenor: 6 years

▪ Role: Mandated Lead Arranger

▪ Total debt : USD 800 M

▪ Banca IMI Commitment: USD 100 M

USD 800 M

Financing the Automatic Salik Toll

Road Collection System

MLA

United Arab Emirates - Dubai

2011

▪ Financing the transfer of 51% stake in Omantel, the

largest telecommunications company in Oman, from

the Ministry of Finance to Oman Investment Fund

▪ Sponsor: Oman Investment Fund

▪ Tenor: 5 years

▪ Role: MLA and Bookrunner

▪ Total Debt: USD 600m

▪ Banca IMI Commitment: USD 150m

USD 600 M

Financing the acquisition of the

Omantel

MLA & Bookrunner

Oman

2017

Selected Landmark Transactions 3

Exposure towards Infrastructure: EMEA

Country Sector Asset Sponsor

NUOVA ARGO FINANZIARIA

TANGENZIALE ESTERNA MILANO

A58 MOTORWAY

ITALO

GRANDI STAZIONI RETAIL

KOS

ALBA BRA HOSPITAL

TREVISO HOSPITAL

INFRACOM

OPEN FIBER

SAVE (VENICE AIRPORT)

2I AEROPORTI

CREMONA WATER

TUSCANY WATER

LIVORNO WATER

EI TOWERS

FARMACIE ITALIANE

GRUPPO PORTO DI CARRARA

NUOVO HOSPITAL DE TOLEDO

AXION

TELXIUS MINORITY STAKE

CELLNEX

ACCIONA

ABERTIS ACQUISITION

Country Sector Asset Sponsor

REGARD GROUP

KISIMUL

WIGHTLINK FERRIES

CITYFIBRE

HEATHROW AIRPORT

A355

NICE AIRPORT

LYON AIRPORT

A63 TOLL ROAD

NORSCUT

ASCENDI

MATER PRIVATE

ISTA

JOULZ DIENSTEIN

SWISS TOWERS

DIGITA

TAMPNET

BELGRADE AIRPORT

ZAGREB AIRPORT

BINA ISTRA

YOZGAT HOSPITAL

ADANA HOSPITAL

IZMIR HOSPITAL

KOCAELI HOSPITAL

ELAZIG

ISTANBUL METRO

DUBAI AIRPORT

DUBAI METRO

OMANTEL

Selected Landmark Transactions 4

Exposure towards Energy: EMEACountry Sector Asset Sponsors

EFSI PV

RTR PV

NEXTPOWER II

TAGES PV

E2i

WHYSOL PV

SWISSPOWER HYDRO

ITA/FRA INTERCONNECTOR

CDP RETI

EROGASMET

TRANS ADRIATIC PIPELINE

EGEA

ITALGAS STORAGE

OLT OFFSHORE LNG

VENTIENT

SHERINGHAM SHOAL

HORNSEA PROJECT 1

KINGFISHER PV

LION KING PV

VINERS PV

DRAGON LNG

KELLAS GROUP LTD

KOOLE TERMINALS

HES INTERNATIONAL

HARTEL TANK TERMINAL

VOPAK TERMINALS

UNIPER ACQUISITION

MERKUR OFFSHORE

Country Sector Asset Sponsors

DUNKERQUE LNG

FOS-SUR-MER CHP

NATURGY

NORTEGAS

EP INFRASTRUCTURE

TRANS AUSTRIA PIPELINE

TRANSITGAS

CIBUK WINDFARM

POTEGOWO WINDFARM

ROSNEFT MINORITY ACQUISTION

DUQM REFINERY

OMAN GAS TRANSMISSION

SIBANYE-STILLWATER

Selected Landmark Transactions 5

Exposure towards Energy & Infrastructure: Americas

Country Sector Asset Sponsors

PRIME ENERGIA

SANTIAGO AIRPORT

MINERA SPENCE

METRO DE LIMA

CAJAMARCA TRANSMISSION LINE

EL NARAJAL, EL LITORAL & LA JACINTA

VIENTO DE PASTORALE

SALVADOR INT. AIRPORT

AERODOM SIGLO XXI

AUTOPISTAS PUERTO RICO

Country Sector Asset Sponsors

MILLENIUM PARKING CHICAGO

ITS CONGLOBAL

SUNFLOWER WIND FARM

DAKOTA ACCESS & ET CRUDE OIL PIPELINES

PERMIAN HIGHWAY PIPELINE

FREEPORT LNG TRAIN 2

FREEPORT LNG TRAIN 3

FLEX INTERMEDIATE HOLDCO

CHENIERE CORPUS CHRISTI LNG

CHENIERE SABINE PASS LIQUEFACTION

MADERO REFINERY

TIERRA MOJADA CCGT

NORTE III CCGT

PESQUERIA CCGT

TERNIUM STEEL PLANT EXPANSION

JINKO SOLAR

FERMACA DE OCCIDENTE

FERMACA LA LAGUNA

COMANCHE TRAIL & TRANS-PECOS PIPELINES

BILLY BISHOP TORONTO AIRPORT

Selected Landmark Transactions 6

Exposure towards Energy & Infrastructure: APAC

Country Sector Asset Sponsors

BEACH ENERGY

WORSLEY MFC POWER PLANT

LON YANG B POWER STATION

WHITEHAVEN SOLAR

WILLOGOLECHE WIND FARM

HEALTHSCOPE

IMED RADIOLOGY

ELLIOTT GREEN POWER

VODAFONE NEW ZELAND

ADANI POWER TRANSMISSION

PARAMPUJYA SOLAR

WARDHA/PARAMPUJYA SOLAR

STAR ENERGY GEOTHERMAL

NORTH SUMATRA BLOCK A

VENA ENERGY

HGC

RAPID REFINERY & PETROCHEMICALS

INTEROIL LNG

Disclaimer 7

▪ This material has been prepared by Intesa Sanpaolo. All information, estimates, assumptions, projections contained in this presentation are based on publicly

available documents and data, and have not been independently verified by Intesa Sanpaolo, such information set is supplied merely to the purpose of preliminary

discussions of the issues addressed herein and the related possible projects.

▪ Intesa Sanpaolo is not liable as to accuracy, completeness and correctness of the above mentioned data, although it has used all due attention and care in setting and

reporting information and estimates contained in this presentation.

▪ Therefore Intesa Sanpaolo shall not have responsibility whatsoever, direct or indirect, and does not make any representation or warranty, express or implied, with

reference to any information contained in this document, similarly Intesa Sanpaolo disclaims any and all liabilities for any decision about the issues addressed herein

or about the implementation of the related possible project.

▪ This document does not constitute or contain investment advice. It is not and shall not be construed as an offer, invitation, recommendation or solicitation to sell,

issue, purchase or subscribe for any securities in any jurisdiction, or to enter into any transaction.

▪ This document, and the information therein, is strictly confidential and intended for the exclusive use of the recipients to which it is supplied, in connection with the

above mentioned preliminary discussions. This document and the related information, data, assumptions, estimates, shall not be used for other purposes or, without

prior written consent of Intesa Sanpaolo, distributed, disclosed or supplied to third parties (unless required under statutory provisions in force), or reproduced or

considered other than as a whole.

© 2019 Intesa Sanpaolo, all rights reserved