Group Presentation September, 2013

GROUP PRESENTATION

Introducing Manutencoop Group History

Activities

Shareholders

Financial Highlights

2

Index

GROUP PRESENTATION

Manutencoop is a Group of service companies operating in the Italian Facility Management Market Manutencoop provides a wide and coordinated range of services, supporting the strategic activity and the core business of medium and large private groups, public entities and healthcare providers Manutencoop has pioneered the Italian Facility Management industry and now stands out for high efficiency, competitiveness and a steady management able to match growth and work opportunities, in line with its strong cooperative tradition Main figures:

Group revenues : over 1 billion €

Group employees: over 18.000

Geography: Italy

3

Introducing Manutencoop Overview

GROUP PRESENTATION

1938 Manutencoop established in Bologna with 16 workers

80’s Rationalization of the activities Introduction of managerial approach Over 1,000 employees

90’s High organic growth Acquisition of 2 cooperatives M&A operations: Segesta, BSM, MCB, BarSa, Roma Multiservizi. Fleur (now Servizi Ospedalieri S.p.A.)

(20)00’s (further detail following)

Start of MFM SpA as a spin off from the Cooperativa Entrance in Laundering & Sterilization Industry Private Equity Funds entrance into shareholding structure The Group becomes progressively fully compliant with public companies requirements

4

Introducing Manutencoop

Over 70 years of experience

Manutencoop Facility Management S.p.A. was born in December 2003 as a spin-off from Manutencoop Società Cooperativa

Manutencoop Società Cooperativa, founded in 1938, has over 70 years of experience in the industry of maintenance and services to buildings

GROUP PRESENTATION 5

Introducing Manutencoop

Recent milestones

2007 Acquisition of 100% of Omasa (sterilization services) Acquisition of 100% of Teckal (facility and heating management) Filing and clearance from Italian Authorities to IPO on the Italian Stock Exchange. (pulled in early 2008 due to market turmoil)

2004

MP Facility is created to manage the facilities of Telecom Italia in joint venture with Pirelli RE FM S.p.A.

2008 Acquisition of 100% of Pirelli RE IFM Shares‘ Issue (180 millon Euros) equal to the 28% of the capital stock of MFM Group and entrance of financial investors of prime importance Start up of Mia S.p.A. (lifting equipment) and Smail S.p.A. (lighting) Acquisition of 80% of Gruppo Sicura S.r.l. (security and fire control systems)

2010 Redefinition of the organizational and corporate structure Merger of Omasa S.p.A. into Servizi Ospedalieri S.p.A. From January 1st 2010, merger with Altair IFM S.p.A. (ex Pirelli RE IFM S.p.A.) and Teckal S.p.A. in Manutencoop Facility Management S.p.A

Over the past years the Company has kept growing including several acquisitions, mainly in the industry of specialty services

GROUP PRESENTATION 6

Introducing Manutencoop

Two main Service Focuses

Facility Management Services

Specialty Services

Technical and Maintenance Services

Hygiene

Landscaping

Energy Services

Ancillary Services

Logistics

Property Management

Laundering & Sterilization

Security and Fire Prevention Systems

Lighting (outdoor-indoor)

Management and Maintenance of Elevating

Systems

Document Management

Building and Construction

GROUP PRESENTATION 7

Introducing Manutencoop

Widespread Italian Presence

In Italy, Manutencoop Facility Management has a branch in every main city; the Headquarter is located in Zola Predosa, Bologna.

GROUP PRESENTATION

8

Facility Management Services

Specialty Services

Minor companies

and consortia

Laundering & Sterilization

Constructions Lifting Systems Lighting

Fire Prevention and Security Systems

FM in the Roman Area Private Sector Solutions

100% 49%

100% 100% 100% 100%

80%

Telecom Italia Internal Mail Services

100%

Group Structure

Introducing Manutencoop

GROUP PRESENTATION

The Company share capital

Manutencoop Facility Management S.p.A., controlled by Manutencoop Società Cooperativa, has opened its share capital structure, back in 2003, to a pool of Private Equity Investors, in order to support the development of the facility management activity

Private Equity Funds

79%

21%

9

Introducing Manutencoop Ownership Structure 1/2

GROUP PRESENTATION

The pool of Private Equity Funds holds a joint stake of 21% of MFM’s share capital

10

Introducing Manutencoop

Shareholders

Ownership Structure 2/2

Sponsored by Monte dei Paschi Bank

Primary independent financial company

Sponsored by Benetton Family

Sponsored by DeAgostini Group

Italian Investment Bank leader

Shareholders of the Venice airport

Holding

Investment Bank belonging to Italy’s n. 2 Insurance Company

GROUP PRESENTATION

471

599 643

1.225 1.151 1.149

1.069 1.073

10,4% 12,7% 12,5%

9,6% 9,8% 9,9% 11,6% 10,7%

-30%

-26%

-22%

-18%

-14%

-10%

-6%

-2%

2%

6%

10%

14%

300

500

700

900

1.100

1.300

1.500

2005 2006 2007 2008 2009 2010 2011 2012

Ricavi Ebitda %

Manutencoop Facility Management Group revenues have grown at a sustained pace, driven 50% by internal growth and 50% by M&A operations

Note: Revenues and Ebitda are proforma * Formerly Pirelli RE IFM S.p.A. (Buyout 23.12.2008)

2012 Financial Highlights in Euro (mln) Consolidated Sales: 1.073 Consolidated EBITDA: 114,4 Consolidated EBIT: 59,6 Consolidated Net Profit: 33,3 at 31/12/2012

*

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Financial Highlights

Group Figures

Revenues 2005-2012

CAGR +12,5%

GROUP PRESENTATION 12

Financial Highlights

Revenues 2012

Revenues = € 1.073 mln

Overall Public Sector =

62,4%

Activities Clients

13,9%

86,1%

0% 25% 50% 75% 100%

Specialty

Facility

26,4%

36,0%

37,6%

0% 25% 50% 75% 100%

Public Sector

Healthcare

Private Sector

GROUP PRESENTATION

The average number of employees of Manutencoop Facility Management Group shows a steady growth in recent years

13

Financial Highlights

Employees 2005-2012

4.562

7.597

9.424 10.237

11.165 11.623 12.573

13.219

14.679

16.873

15.448 16.511

18.282 18.586

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

GROUP PRESENTATION 14

Financial Highlights

First Half 2013

1H 1H ∆

2013 2012

Revenues 541,2 541,0 0,0%

EBITDA 60,6 59,3 2,2%

Ebitda % 11,2% 11,0%

EBIT 40,6 35,9 13,0%

Ebit % 7,5% 6,6%

Net Profit 16,3 11,2 46,0%

Net Financial Position 326,5 266,5 22,5%