Tecnimont Company ProfileMay 2014

Group Overview

Tecnimont: Engineering & Construction (E&C)

E&C: Oil, Gas & Petrochemicals

2

E&C: Fertilizers

E&C: Focus on Megaprojects

E&C: Other Activities

*referred to Tecnimont Group **overall value of the Habshan 5 project, MT share is 50%

GROUP OVERVIEW: Facts & Figures

Focus on Oil&GasPetrochemicalsFertilizers

Flexible Business Model offering advanced skills in Licensing, Engineering Services, EP (Engineering & Procurement), EPC (Engineering, Procurement & Construction)

Zero Incident Target

Safety CultureUS$ 4.7bn**

The largest gas treatment plant under completion in Abu Dhabi (UAE) on a Lump Sum Turn Key (LSTK) basis

0.02* Total Recordable Incident Rate vs 0.38 industry benchmark

Energy &

Ventures

Engineering &

Construction (E&C)

Technology &

Licensing

3

Ø

GROUP OVERVIEW: Global & Technological Leadership

in Licensing hydrogen technology (with single train capacity up to 180,000 Nm3/h) and in licensing Sulphur Recovery and Tail Gas Treatment Technology (with design capacity of single train up to 1,500 t/d)

Well recognized

position

Top International Design Firms List*

Individual Patents

#9

30%

Market share in polyolefins**(#1 worldwide as per capacity installed in the last 6 ys), including a 40% in LDPE (Low Density PolyEthylene)

54%

34%

Market share in licensing urea plants technology (#1 worldwide)**

Market share in licensing urea granulation technology (#2 worldwide)**

4

9568

Since 1924 the Group completed:

Ammonia plants

Urea plants

**management estimate*2013 ENR Sourcebook, Petroleum section “Refineries and Petrochemical Plants” – December 2013

Over 1000

1958Incorporation of ICB Pvt Ltd as consulting firm in the plant sector in Mumbai

1977Creation of the first JV between ICB and Tecnimont

1973Incorporation of TECNIMONT

1966Incorporation of MONTEDISON

1884EDISONPower Supply

1899FIAT GROUP

2004Acquisition of Fiat Engineering (later MAIRE ENGINEERING)

1972Incorporation ofFIAT ENGINEERING

Oct 2005 Nov 2007

Incorporation of MAIRE TECNIMONT Listing on the Italian Stock

Exchange

1963 Giulio NattaNobel Prize for chemistry

2002Acquisition of FIAT Avio’s ElectricDesign & Construction Business

1888MONTECATINIMines and Chemicals then focused onFertilizers (G.Fauser)Polypropylene (G.Natta)

Dec 2007

1990sTecnimont acquires 50% of the Indian company renamed as Tecnimont ICB Pvt Ltd (TICB)

2005Maire Group acquires Tecnimont

Tecnimont ICB: Over 5 decades of excellence Among the largest E&C companies in

India Centre of Excellence for the Group -

engineering centre/EPC contractor for selected projects

Benchmark quality & cost efficiency Highly skilled personnel Electrical & Instrumentation (E&I)

installation excellence

Acquisition of 100% of TICB India, now fully owned and

integrated in the Group

GROUP OVERVIEW: Key Milestones (1/2)

5

New Milan Offices: 2 Towers +1 Service

Building (tot 69,000 sqm)

About 2,000 employees when fully operational

Effective competences integration and cross fertilization among BUs

1947Incorporation of STAMICARBON Chemical and Fertilizer licensing

1937Dutch State Mines – DSMresearch centre for services work to coal mines

Oct 2009

Acquisition of Stamicarbon

Acquisition of Technip KTI

(later KT)

Jun 2010

1971Kinetic Technology Int. - KTIMore than 40 years of experience in process engineering

1988Mannesmann acquired KTI1999Technip Italy acquired KTI

2011 - 2012

Reorganization of Italian HQs

LAUNCH OF THE NEW BUSINESS STRATEGY

From 2013 on

GROUP OVERVIEW: Key Milestones (2/2)

6

About 4,300 employees, half of whom are employed outside Italy

Presence in about 30 countries with 45 operating companies

Figures as of 31 December 2013

Subsidiaries, branches and representative offices

Headquarters Main Offices

EXTENSIVE INTERNATIONAL PRESENCE: Our Employees

7

Milan

Mumbai

Rome

Sittard

Salzgitter

EMPLOYEES BY COUNTRY

Italy 1,903

 Milan                             1,370

Rome 438

Others   95

Rest of Europe 386

The Netherlands 102

Germany 44

Others 240

Asia 1,978

India 1,568

Rest of Asia 410

South America 26

Africa 2

Total 4,295

Average age: ~ 41 yearsApproximately 54% graduates

COMMITMENT FOR HEALTH AND SAFETY

8

Environment, Health and Safety Management System as core value and personal commitment

Integrated HSE Management System constantly reinforced, diffused, checked and upgraded with results considerably higher than international standards

Maire Tecnimont Group Safety 2013(based on approx. 57.9 million hours worked on-site)

International Reference Benchmarks

KPI* Maire Tecnimont

Oil&Gas Producers 2012 Contractor data (1)

Construction Industries Institute - CII (2)

LTIF(OSHA – Lost Time Injury Frequency)

0.003 0.10 0.06

TRIR (OSHA - Total Recordable Injury Rate)

0.02 0.38 0.45

Maire Tecnimont safety performances: zero incident targets

8(*) KPI - Key Performance Indicator (1)    Source: International Association of Oil & Gas Producers - Report No 2012s June 2013 - Safety Performance indicators - 2012 data - Contractor aggregated data(2)  Source: CII – Benchmarking & Metrics Program – 2011 Safety Report – Aggregated data Contractors 2010 (BMM 2011 02 October 2012)

ENGINEERING & CONSTRUCTION: Oil, Gas & Petrochemicals

9

The Group offers a wide range of competences from feasibility studies to FEED, technology selection and project implementation on a lump-sum turnkey basis:

• gas production and treatment, LNG liquefaction and regasification, underground gas storage, transmission and compression, distribution and pumping stations, aromatics complexes, refinery units, propane dehydrogenation (PDH)

• historical leadership in chemicals & petrochemicals, in particular: polymers (PE and PP), ethylene oxide and ethylene glycol, PTA, ammonia and fertilizers

• complete solutions for fertilizer business including technology licensing, EPC projects and O&M

E&C: Main Petrochemicals Projects

POLYOLEFIN PLANTS FOR PP AND PE DAHEJ (INDIA, GUJARAT)•Capacity:340 KTY PP; 2 x 360 KTY HD/LLD Swing PE •Client: OPaL (jv ONGC, GSPC, GAIL)•Contract type: LSTK•Value: ～ € 320 mn•Contractor: Tecnimont

BOROUGE 3 – Expansion RUWAIS (UAE)•Cpacity: 480 KTY PP; 428 KTY PP; 2X540 KTY PE; 350 KTY LDPE •Client: BOROUGE (jv ADNOC – Borealis) •Contract type: LSTK •Value: US$1.86bn (jv Samsung – MT 55%)•Contractor: Tecnimont

POLYETHYLENE/NAO PLANTS – Q-CHEM II DERIVATIVES COMPLEX – MESAIEED (QATAR)•Capacity:350 KTY HDPE; 350 KTY Normal alpha-olefins•Client: QATAR CHEMICAL COMPANY II•Contract type: EPC•Value: ～ US$830mn (MT share US$440m – consortium Daewoo) •Contractor: Tecnimont

PDH/POLYPROPYLENE PLANTAL JUBAIL (SAUDI ARABIA) •Capacity: 467 KTY Propane dehydrogenated; 450 KTY PP•Client: Al Waha (jv Sahara, LyondellBasell)•Contract type: EPC•Value: ～ € 580mn (MT share €358mn – consortium Daelim) Contractor: Tecnimont

POLYOLEFINS COMPLEXRABIGH (SAUDI ARABIA) •Capacity:2 x 350 KTY PP; 250 KTY EPPE; 350 KTY LLDPE; 300 KTY HDPE; 50 KTY Butene-1 •Client: Petro Rabigh (jv Aramco - Sumitomo)•Contract type: EPC – Contractor: Tecnimont•Value: US$1,200mn (MT share US$768 mn) (consortium Sumitomo Chemical Eng.Co)

COMPLETED PROJECTS

UNDER REALISATION PROJECTS

> 1000 €m 500 to 1000 €m 200 to 500 €m < 200 €m

LDPE PLANT BRATISLAVA (SLOVAK REPUBLIC)•Capacity: 220 KTY Low Density Polyethylene• Client: Slovnaft Petrochemicals s.r.o. (MOL Group)•Contract type: EPC LSTK•Value: €～ 204mn•Contractor: Tecnimont

LDPE PLANT VERACRUZ• 300 KTY Low Density Polyethylene• Client: Etileno XXI Services BV •Contract type: EP•Value: €～ 147mn•Contractor: Tecnimont

LDPE PLANTSADARA (SAUDI ARABIA)•Client: Sadara Chemical Company •Contract type: EP•Value: ～ US$210mn•Contractor: Tecnimont

POLYOLEFINS COMPLEX - BOROUGE 2RUWAIS (UAE)•Capacity: 400 KTY PP; 400 KTY PP; 540 KTY PE •Client: BOROUGE (jv ADNOC - Borealis)•Contract type: EPC•Value: US$1.8bn•Contractor: Tecnimont

10

PDH PLANT TOBOLSK (WESTERN SIBERIA)•Capacity: 510 KTY Propane Dehydrogenation (PDH)•Client: Tobolsk Polymer LLC (JSC Sibur Holding) •Value: ～ € 660mn•Contractor: Tecnimont

E&C: Main Oil & Gas Projects

UNDERGROUND STORAGE STATION WIERZCHOWICE (POLAND)•Capacity:Exp. To 1.2 billion STDm3•Client: PGNiG•Contract type: EPC•Value: €～ 383mn (MT share €99.2m consortium PBC) •Contractor: Tecnimont

LNG TERMINALCHENTOUJIA, GUANGDONG (CHINA)

•Client: GUANGDONG LNG JEO•Contract type: EPC •Value: ~ €280mn (MT share 45% - jv Saipem)•Contractor: Tecnimont

NAGRP/AGRP REVAMPING PROJECTKUWAIT CITY (KUWAIT) •Capacity: Acid Gas Removal Plant (230 MSCFD – 78,000 BPD)•Client: KNPC•Contract type: LSTK •Value ～ € 320mn•Contractor: Tecnimont

AROMATICS COMPLEXSHUAIBA (KUWAIT) •Capacity:768 KTY PX; 325 KTY BZ •Client: KUWAIT PARAXYLENE PRODUCTION COMPANY (KPPC)•Contract type: EPC•Value: US$1,228mn (MT share US$730mn - consortium SKEC)•Contractor: Tecnimont

COMPLETED PROJECTS

UNDER REALISATION PROJECTS

> 1000 €m 500 to 1000 €m 200 to 500 €m < 200 €m

INTEGRATED GAS DEVELOPMENT – HABSHAN 5 (ABU DHABI – UAE) Capacity: Gas Treatment 2,150 MM scf/day; Sulphur Product 5,200 ton/day (4 trains of 1,300 ton/day each)•Client: GASCO •Contract type: LSTK •Value ～ US$4.7bn (MT share 50% - jv JGC)•Contractor: Tecnimont

OIL AND GAS TREATMENT "TEMPA ROSSA“CORLETO PERTICARA (ITALY)•Client: Total E&P Italia S.p.A.(Total Group)•Contract type: EPSCC•Value: ～ € 567mn•Contractor: Tecnimont and KT

11

12

ENGINEERING & CONSTRUCTION: Fertilizers

The Group provides a wide and integrated range of services, from feasibility studies to basic engineering, from selecting the technology to developing lump-sum turnkey projects.

Thanks also to the acquisition of Stamicarbon in 2009, the Group is a benchmark player for the development of ammonia-urea E&C projects, ensuring the client the best technologies available in the market.

Since 1924, the Group has completed 95 ammonia plants and 68 urea plants (mainly in India, the Middle East, Russia, China, and South America).

E&C: Main Fertilizers Projects

FERTILIZERS COMPLEX ASWAN (EGYPT)•Capacity: Ammonia Unit 1,200 T/d; Urea Production Unit 1,575 T/d; Urea Granulation Unit 1,575 T/d; Utilities & Off-site facilities•Client: KIMA•Contract type: EPCC LSTK, currently on hold•Value: US$530mn•Contractor: Tecnimont (Ammonia Plant)•Licesor: Stamicarbon (Urea Plant)

AMMONIA PLANT NANGAL PUNJAB (INDIA)•Capacity: 950 T/y •Client: National Fertilizers Ltd.•Contype: EPCC LSTK•Value: US$262mn (Consortium with TICB)•Contractor: Tecnimont

UREA DEBOTTLENECKING & GRANULATION PLANT SHUAIBA (KUWAIT)•Capacity: 1,750 T/d urea melt;  2 x 1,750 T/d urea granulation •Client: P.I.C.•Contract type: EPC•Value: US$100mn•Contractor: Tecnimont

AMMONIA PROJECT URUMQI XINJIANG (CHINA)•Capacity: 1,000 T/d•Client: SINOPEC for Urumqi General Petrochemical Works•Contract type: Licence, Engineering, Procurement, Technical Assistance•Value: US$87mn•Contractor: Tecnimont

AMMONIA PROJECT Hejiang SICHUAN (CHINA)•Capacity: 1,000 T/d•Client: CNTIC for Sichuan Natural Gas Chemical Plant•Contract type: Licence, Engineering, Procurement, Technical Assistance•Value: US$80mn•Contractor: Tecnimont

COMPLETED PROJECTS

UNDER REALISATION PROJECTS

IOWA (USA)•Capacity 2,200 t/d•Client: Orascom Construction Industries•Contract type: EP•Value: ～ US$250mn•Contractor: Tecnimont (Ammonia Plant)•Licensor: Stamicarbon (Urea Plant)

> 1000 €ml 500 to 1000 €ml 200 to 500 €ml < 200 €ml

13

AMMONIA/UREA PLANTNEVINNOMYSSK (RUSSIAN FEDERATION)•Capacity : Ammonia :2.7K MTPD (KBR Technology); Granular Urea: 3.5K MTPD (Stamicarbon technology); Utilities and Offsites•Client: EuroChem Mineral and Chemical Company•Contract type: Engineering Works•Value: ~€15mn•Contractor: Tecnimont

AMMONIA PLANTKINGISEPP (RUSSIAN FEDERATION)•Capacity : 2.7K MTPD (KBR Technology); Utilities and Offsites•Client: EuroChem Mineral and Chemical Company•Contract type: Engineering Works•Value: ~€15mn•Contractor: Tecnimont

FERTILIZER COMPLEX PROJECT AL-JUBAIL (KINGDOM OF SAUDI ARABIA)

•Capacity: 1.5K t/d ammonia; 1.8K t/d urea•Client: SAFCO•Contract ype: LSTK•Value: US$350mn•Contractor: Tecnimont

14

E&C Focus on Key Mega Projects: Habshan 5

Client: GASCO (ADNOC Group), the operating company responsible for the processing of natural and associated gas onshore oil operation in UAE, is one of the largest gas processing companies in the world

Contract Value: US$4.7 billion 50/50 jv JGC-Tecnimont

Area: Habshan area, 150 km S-W Abu Dhabi

Plant Capacity: Gas Treatment 60 MM m3 /day; Sulphur Product 5,200 ton/day

Tecnimont scope of work: EPC, Pre Commissioning and Testing plus 2 Years Operation Spare Parts

Total manpower on site: 30,000 (10,000 Tecnimont)

Habshan 5 is one of the largest gas treatment plants under realization worldwide and has been developed to accommodate additional Offshore Gas production and additional associated gases

that will become available as a result of the expansion of ADCO’s onshore oil production

JGC YokohamaOperating Centre

Tecnimont MilanOperating Centre

JGC Philippines Inc.Manila

Tecnimont, ICBMumbai

GASCO PJ Site Office

KTRome

JGC DesconLahore

INVOLVED OPERATING CENTRES

PLANT OPERATION - CRITICAL POINTS

Selection of Project Managers: A- Team

Coordination of procurement and logistics

Selection of Sub-Contractors

Constant Control of project advancement with monthly meetings with clients: resolution of bottlenecks

Construction execution plan

Commissioning/start up execution plan

15

Client: Tobolsk Polymer LLC, a company owned by JSC Sibur Holding, the most important petrochemical producer in Russia

Contract Value: approximately €675 mn

Area: Tobolsk (Western Siberia) – Russian Federation. The project will be realized in the existing industrial complex of Tobolsk, using UOP’s innovative Oleflex TM technology to transform propane into propylene through dehydrogenation.

Plant Capacity: 510,000 t/y PDH

Tecnimont scope of work: Engineering and Procurement

The Tobolsk plant will be among the largest dehydrogenation plants worldwide in terms of production capacity

Special equipment:Use of rare self lifting vessel (reserved almost one year before) to lift and transport reactors of 1000 tons. from Korea to Siberia (Arkangelsk Port) via Pacific.

Climate harshness (-40°C):Availability of short period to transport the equipments along the Kara Strait and Ob River, iced all year long except for two months.

Long geographical distance: About 75 days to transport the reactors from Korea to Tobolsk.

E&C Focus on Key Mega Projects: Tobolsk

16

E&C Focus on Key Mega Projects: Borouge 3

Client: BOROUGE, a joint venture formed by Abu Dhabi National Oil Company and Austria based Borealis. The name Borouge in Arabic means “Towers”, as those 70-metres high that support the loop reactors of the plant.

Contract Value: US$1.65bn (jv Samsung – Tecnimont 55%).

Plant Location: Ruwais, 240 km W of Abu Dhabi City, UAE.

Plant Capacity: 2 polypropylene plants of 480,000 tons/year each; 2 polyethylene plants of 540,000 tons each; 1 low-density polyethylene plant of 350,000 tons/year.

Tecnimont scope of work: Engineering, Procurement & Construction.

Borouge 3 is a mega project of five polymers process plant which have required the involvement of numerous suppliers and operating units on an international scale

MAIN PECULIARITIES OF THE PROJECT

Operating units and plant site located in different areas of the globe: Milan, Malta, Seoul, Mumbai, Salzgitter, Abu Dhabi and Ruwais.

Construction site sandy environment (the first time in the world for an LDPE plant).

Specific attention to cleanliness of materials, requiring a total absence of impurities.

High-pressure technology: the process liquids reach pressure levels of 3,000 atmospheres, demanding the highest standards of quality and safety.

17

ENGINEERING & CONSTRUCTION: Other Activities - Power

The Group has developed excellent

capabilities in Italy and abroad in EPC

projects for power plants:

• simple-cycle and combined-cycle gas-fired

power plants

• coal-fired power plants

• hydro, biomass and waste-to-energy

plants

• cogeneration

• re-powering

• electrical and energy distribution systems

for civil and industrial use

• district heating systems

18

COMBINED CYCLE 840 MWTURBIGO (ITALY)

•Client: EDIPOWER•Contract type: EPC•Value: €224mn (MT share: 35%)•Contractor: Tecnimont

COMBINED CYCLE 840 MW PIACENZA (ITALY)

•Client: EDIPOWER•Contract type: EPC•Value: €230mn (MT share: 35%)•Contractor: Tecnimont

COMBINED CYCLE 100 MWVALONA (ALBANIA)•Client: ALBANIAN ELECTRO- ENERGY GOVERNMENT AUTHORITY (KESH)•Contract type: EPC•Value: €115mn•Contractor: Tecnimont

COAL POWER PLANT 370 MW CORONEL (CHILE)

•Client: COLBUN ELECTRICITY COMPANY•Contract type: EPC•Value: US$523mn (MT share 75%)•Contractor: Tecnimont

COAL POWER PLANT 720 MW CEARÀ (BRAZIL) •Client: MPX Pecem Geraçao de Energia S.A. (MPX and EDP)•Contract type: EPC•Value: ~ €760mn (MT share 74%)

THIRD LINE “PECEM 2”•Value: €390mn (MT share 74%)•Contractor: Tecnimont

COAL POWER PLANT 360 MW MARANHAO (BRAZIL) •Client: Diferencial Energia Empreendimentos e Participaçoes Ltda. (MPX)•Contract type: EPC•Value: ~ €410mn (MT share 74%)•Contractor: Tecnimont

BOCAMINA COAL POWER PLANT 370 MW CORONEL (CHILE)

•Client: ENDESA Chile•Contract type: EPC•Value: US$558mn (MT share 75%)•Contractor: Tecnimont

COMPLETED PROJECTS

UNDER REALISATION PROJECTS

E&C: Main Power Projects

PUNTA CATALINA PROJECT (DOMINICAN REPUBLIC)

•Client: CDEEE•Contract type: EP•Value: US$926mn•Contractor: Tecnimont

> 1000 €ml 500 to 1000 €ml 200 to 500 €ml < 200 €ml

info@mairetecnimont.it – www.mairetecnimont.com

Tecnimont

Via Gaetano De Castillia 6 A 20124 Milan

Tel. +39 02 6313.1Fax +39 02 6313.9052