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Investor Presentaiton

Key figures and Outlook Turnover (€ mn) Good Perspectives supported in an All Time High Value of Backlog 905 860 708 453 362 2016 2017 2018 1H18 EBITDA (€ mn) and margin (%) 26% 19% 21% 182 192 164 2016 2017 2018 Backlog (€ mn) 1H19 23% 20% 82 91 1H18 1H19 2,604 2,657 2,758 2,648 1,706 2016 2017 ¹Contracts already signed and financed. 1H18 2018 1H19 Long presence in Africa (since 1946) with fully vertically integrated business, supported by a strong installed asset base Leadership in markets such as Angola, Mozambique and Malawi Focus on large infrastructure projects Recent expansion to new markets in sub-Saharan region and in Environment (Waste Management) Record level Value of Backlog: €2.8 Bn (2018) and €2.7 Bn (1H19) Long-Term Contracts in Mining Segment: Mozambique (Vale) and Guinea (Ashanti Gold) and in Waste Management (Ivory Coast: 7 years Contract since Nov. 2018) with recurring cash flow Positive and stable EBITDA margins in the Region ☐ Opportunities for Public Clients (Government / Programmes financed by multilaterals or ECA Lines) Private investments in perspective namely in Oil & Gas (LNG Project in Mozambique²), Water Suply Systems (Angola), Mining, Transport and Logistics. Guidance FY2019: double digit turnover growth with EBITDA margin of c.20% 2Estimated Global Capex of US$50Bn until 2025 (Source: Standard & Poor's). 1st EPC contract for Anadarko Mozambique LNG Project awarded to Saipem (US$6 Bn) in June 2019. The JV developing Area 4 has awarded the EPC contract for Phase I of the Rovuma LNG onshore liquefied natural gas facilities to the JFT consortium. 21
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