Rev. Gen. 2012 3 ottobre 2014 - PowerPoint Presentation

Slide1

Rev. Gen. 2012

3 ottobre 2014

Company

Profile

Slide2

Slide3

Company ProfileIndexWho we areCorporate Finance & Asset ManagementStructured FinanceAsset & Wealth ManagementCorporate FinancePrivate EquityBusiness Process OutsourcingProprietary Investments

Corporate DataContacts

Slide4

Who we are4Finanziaria Internazionale (Finint) was founded in 1980 by Enrico Marchi and Andrea de Vido and it is today one of the most dynamic and innovative Italian financial companies. Finint is headquartered in Conegliano (Treviso) and has offices in Milan, Rome, Moscow and Luxembourg. Finint employs more than 500 people. Finint has, along with BNP Paribas, a leading position in the Italian securitisation

market. Thanks to its thirty years experience and a team of professionals of outstanding level, Finint assists its clients through various challenging process of growth within their domestic or in the international market.

Finint

holds consolidated relationship with the main banking and financial institutions as well as manufacturing and commercial corporates.

Some

of the leading Italian and international banking groups, financing companies and industrial corporates are amongst

Finint’s

clients.

Slide5

Statements5MISSIONFinint intends to maintain its development pattern and focus in the assistance and support of Italian and international corporates and entrepreneurs. Finint’s objective is to support its clients’ developments via the adoption of best financial practice and operational rules. FOCUS ON INNOVATIONFinint

is always keen on maintaining a high degree of innovation and a constant focus on improvements. Innovation and entrepreneurship are part of our corporate culture and we explore any new business opportunity with an open mind and diligence the same thoroughly.BASED

IN THE NORTH EST OF ITALY WITH AN INTERNATIONAL FOCUS

On

the market since 1980,

Finint

has developed an in depth knowledge of the economic and industrial environments of the country, developing at the same time a natural contacts network with important financial institutions, both on the national as well as international level. Our aim is to develop business collaboration skills among the business partners in our area, so that in a joint effort, they may restore the leading roles lost in recent years.

THE TEAM

The

team is composed by dynamic, experienced and highly motivated professionals. Innovative solutions always represent a chance to develop our clients’ business.

FOCUS ON THE CLIENTS

Finint’s

major strength is the ability to understand clients’ business needs and requirements and to provide valuable solutions which facilitate building a trusted and mutual satisfactory client relations.

Slide6

6Business Lines

Finanziaria

Internazionale

group activities are structured into three business areas reflecting the different spheres of operation and activities of the Group’s companies. The business model maintains the Holding’s central guiding role, especially in the coordination and global control of several functions (Risk Management, Internal Audit, Compliance, Finance & Administration, Human Resources and Corporate Communication). Another inspiring principle in

Finanziaria

Internazionale

’s

business model is specialization based on specific product ranges, granting the Group a clear assignment of competences to the benefit of the final customer.

for

further

information

Finanziaria

Internazionale Holding

BUSINESS PROCESS

OUTSOURCING

Automotive

&

N

autical

Services

Real Estate Outsourcing

Consultancy

Lean P & OFront & Back Office MortgagesCredit Management

CORPORATE FINANCE& ASSET MANAGEMENTStructured FinanceAsset & Wealth ManagementCorporate FinancePrivate EquityTrust Services

PROPRIETARY

INVESTMENTS

Infrastructures

Financial Investments

Equity

Investment

Portfolio

Real Estate

Slide7

7Corporate Organization Chart

Finanziaria

Internazionale Holding

BUSINESS PROCESS

OUTSOURCING

Eurholding

S.p.A.

Agenzia Italia S.p.A.

Sogepim

RE S.p.A.

Finleasing

S.r.l

Eurisko

Italia S.r.l.

Finint

&

Wolfson

Associati S.r.l.

MCS

S.p.A.

Global

Point S.r.l.

Fin.it

S.r.l.

CORPORATE

FINANCE

& ASSET MANAGEMENT

Finint S.p.A.Finint Investmentrs SGR S.p.A.Finint Corporate Advisors S.r.l.Finint & Partners S.r.l.FI Consulting S.r.l.Finanziaria Internazionale

Securitisation

Group S.p.A.

Securitisation

Services S.p.A.

PROPRIETARY

INVESTMENTS

Agorà Investimenti S.p.A.

Marco Polo Holding

S.r.l.

SAVE S.p.A.

NEIP II

S.p.A

NEIP III S.p.A.

Sipi

Investimenti S.p.A.

Rete

S.p.A.

Ferak

S.p.A.

Effeti

S.p.A.

Finint

RE S.r.l.

Industrial

Park Sofia AD

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8Corporate Finance & Asset Management

Since its inception, Finint has always had a special gift for finance. The business unit “Corporate Finance & Asset Management” was established in 2011, with a team of over 200 experts identifying the best solutions to satisfy the clients’ needs (companies, private investors and financial institutions) in various competence areas: structured finance, asset & wealth management, corporate finance and private equity.

The founding of the Corporate Finance & Asset Management business area has reinforced

Finint’s

strategies aimed at business development and, most of all, its ability to supply a wide range of financial products in an integrated way.

The specific operational model is what clearly distinguishes this business area across the whole financial sector, as it is characterized by its resources’ outstanding know-how

and

the innovativeness of suggested products and services. A client-oriented attitude and the ability to maximize value for human resources contribute to the business area’s constant growth while consolidating its role as a reliable partner

.

Four

Areas

of Expertise

Structured

Finance

Asset

&

Wealth

Management

Corporate Finance

Private

Equity

An

independent structure

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9Structured Finance

Finint holds a leading position in Italy in the management and structuring of securitisation transactions.

Since 2002,

Finint

has

developed a further direct investment business segment ("principal finance") and investment advisory services for

illiquid and distressed asset portfolios, with special focus on mezzanine and subordinate tranches of

securitisation

transactions.

Since 1991,

Finint has structured more than 100 public

securitisation

transactions amounting to over 60 billion euros issued securities,

it has over

281 billion euros

in assets under management relating to over 250 structured finance operations and it has

carried out and managed investments totally exceeding 70 million euros. Since December 2011 it has been Advisor of the

Finint

Principal Finance 1

fund managed by

Finint

Investments SGR. The working team is made up of over 100 people and they have matured a field-specific, incomparable experience on the Italian and foreign markets. Specifically, it can rely upon an in-depth knowledge of Italian operational contexts and legislation, in addition to excellent knowledge of rating methods used by different agencies, and very good and long-lasting relationships with institutional investors and development banks.

Deep know-how of all best practices, full support in all transaction phases, tailor-made solutions based on the clients’ needs, reasonable implementation times and reduced total costs are all success factors in this area of expertise.

Finint’s master servicing activity for

securitisation transactions has been ranked “Strong” by Standard & Poor’s, i.e reaching the top ranking in Standard & Poor’s evaluation scale for this activity.

for further information

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10Structured Finance

STRUCTURING SECURITISATION TRANSACTIONS

Finint

,

through

the dedicated group company

Finanziaria

Internazionale

Securitisation Group

S.p.A

., has developed unparalleled expertise in arranging and structuring

securitisation

transactions and it

is

the market leader in Italy with

over 100

structured public transactions.

Many of

Finint’s

structured finance transactions have set a benchmark for the

securitisation

market across various asset classes, such as mortgages, lease receivables, non-performing loans, consumer and credit cards loans, phone bill receivables, etc.

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11Structured Finance

Slide12

12Structured Finance

MANAGEMENT AND MONITORING OF STRUCTURED FINANCE AND SECURITISATION TRANSACTIONSSecuritisation Services

S.p.A

., part of

Finint

’s

Structured Finance area, is the first Italian “one stop shop” offering a complete range of services for the management and monitoring of structured finance transactions, in particular

securitisation

and covered bond deals.

Securitisation Services

acts under the regulation and supervision of Bank of Italy as it is registered in the Special List of Financial Intermediaries under article 107 of the Banking Act. Securitisation Services is the first independent Italian Servicer, fully dedicated to manage transactions arranged pursuant to

Italian Law 130/1999. In November 2013

Securitisation Services

obtained Standard & Poor's confirmation of "

STRONG

"

Ranking

in its role of Master Servicer, the highest level in S&P's

evaluation scale

.

Securitisation Services

is a member of the AFME / European Securitisation Forum and is one of the founders of the PCS (Prime

Collateralised Securities) Association.

Number

of

transactions under management by

asset typeManaged assets volumes

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13PRINCIPAL FINANCEThe experience and skills developed in the Italian structured finance market by Finanziaria Internazionale Securitisation Group S.p.A. have been the main driver for setting up an experienced team of dedicated professionals to run investments (Principal Finance) and advisory services to investors on illiquid and distressed asset in 2002.Invested assets consist primarily of mezzanine and subordinated tranches of Italian and foreign

securitisation transactions as well as non-performing loans (NPLs). Investments in these types of assets require deep knowledge of the underlying asset class (consumer loans, lease receivables, mortgage loans, NPLs, etc.), the ability to evaluate the expected performance and structured finance specific know-how.The proprietary investments made over the past decade amount to more than 70 million

euros.

Since December 2011

Finint

has been covering the role of investment advisor of “

Finint Principal Finance 1

” Fund, managed by Finint Investments SGR.

The

principal finance team counts 5 professionals with long-standing experience in the analysis and evaluation of financial assets portfolios and in the execution of structured finance transactions.

In

addition to direct investment activities, the Principal Finance

team

provides additional services, such as:

due

diligence, business plan implementation and fair value assessment of performing and non-performing loans;

pricing

of loan portfolios and complex fixed income securities (structured bond, derivatives, ABS, etc.);

cash

flow modelling supporting risk management activities (stress testing, sensitivity analysis, credit risk) of asset-backed securities and loan portfolios;

advisory

in setting up asset-backed securities portfolios.

Structured

Finance

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14Asset & Wealth Management

Finint's wealth of specialist knowledge gained in the areas of structured finance (Securitisation in particular) and real estate finance through direct investment and numerous Advisory and Arranger roles in complex real estate-based financing transactions, as well as experience in the management of its own investments, all this together with the consolidated network of relationships with leading financial players, led the company to take the strategic decision in 2004 to form its own internal Asset Management division, dedicated to the management of movable and immovable assets.

The objective of this new sphere of operations was to propose investment opportunities that

:

have a low correspondence with the market trend, and therefore a reduced association with the traditional benchmarks;

can form part of a diversified asset portfolio over the long-term, in order to reduce the uncertainty and volatility by pursuing a higher and more constant yield over time;

allow for indirect real estate investments and also have opportunistic elements, with relatively low access levels, via

authorised

investment vehicles.

By means of careful research and development aimed at seizing opportunities not so far exploited by the market and with a view to responding to the increasing requirements of its clients, Asset Management is seeking to acquire a key position in relation to the quality of the products on offer.

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15Asset & Wealth Management

ASSET MANAGEMENT ACTIVITYFinanziaria

Internazionale

Investments SGR (

Finint

Investments SGR)

is

Finint’s

latest set up in the Wealth

& Asset Management business. Initially, it was

a speculative investment management company

authorised

on 30 December 2004 by the Bank of

Italy; recently the SGR was

authorised

also to set up and

manage ordinary funds

.

Finint

Investments SGR

is the corporate vehicle for

promoting, establishing and managing investment funds and segregated

portfolios on behalf of institutional investors, with the aim of identifying new investments

opportunities for our client base; the areas of activity are: SECURITY FUNDS: funds which mainly

invest in the equity and bond market, in the credit sector and in securities related to the energy savings business. REAL ESTATE: funds which invest maily in real estate (commericial/residential/officies) both in Italy and Europe and in property mgmt companies.Finint Investments SGR aims at proposing to investors mutal funds which match investors’ risk profile; Finint Investments was the first SGR authorised in Italy to set up and manage speculative funds: the Giudecca Fund, managed by Finint Investments SGR, was the first such speculative real estate fund to be authorised by the Bank of Italy.

Slide16

16Asset & Wealth Management

EQUITY AND FIXED INCOME DIVISION

Finanziaria Internazionale Investments SGR

manages

mutual

fund in the

following

asset

classes

:

equities

, bonds,

distressed

, credit «

energy

saving

». The

Sgr

also

manages segregated

mandates on behalf of institutional clients looking for tailor made products.The equity division mainly implements long/short strategies on European markets, using derivatives to cover downside risk with a tight risk management approach. This strategy, originally adopted with success by our hedge fund Finint Equity 1, was recently replicated by our recently launched UCITS funds Finint Absolute Return Europa. The bond sector team is active non only on high grade securities but has strong expertise in the Asset-Backed Securities high grade market, relying on the 30-year-old track-record and the market leadership (together with BNP Paribas) in this field. Our fund, Fondo Finint Bond, is a market leader in this sector.The team

managing distressed assets invests - via Finint Principle Finance 1 closed fund – in mezzanine and subordinated tranches of notes and bonds backed by portfolios of trade receivables, non performing loans and disputed claims towards P.A. entitiesWithin the credit sector, it was recently launched the Minibond PMI Italia with the aim of opening bond market to domestic non listed small to medium size companies. The fund is to invest in bonds and other debt instruments - issued by small /medium companies - listed in the PRO segment of the Extra MOT market (under Borsa Italiana)Moving to energy saving the

sgr

has

just

launched

Finint Smart Energy, a closed-end investment fund carrying out energy efficiency works like cogeneration system, photovoltaic plants and efficient lighting

systems.

Several of these funds have

consistently

been awarded

by leading research firms

and rating companies

.

Slide17

17Asset & Wealth Management

for further information

Asset

Type

REAL ESTATE ASSET MANAGEMENT

Finanziaria

Internazionale Investments

SGR

is the first SGR

authorised

in Italy to

set up

and manage speculative real estate funds and the first Italian SGR to have

launched a speculative real estate

fund

.

Finint Investments

SGR

has structured and launched 14 real estate funds. As at 31

december

2013 the company

manages 13 real estate funds with assets under management of

more than 1

billion and employing some 50 people.   

Slide18

18Asset & Wealth Management

Asset

Under Management

FUND

FEATURES (*)

ORAZIO

Type of asset: income-based portfolio; properties for tertiary use (offices/shops). Total assets : Euro 168 million.*

PLATONE

Type of asset: income-based portfolio; properties for tertiary use (offices/shops). Total assets : Euro 204 million.*

CATULLO

Type of asset: initial portfolio of around €158 million for trading; properties primarily for office use. Total assets : Euro 28 million.*

LUCREZIO

Type of asset: land and properties to be developed and increased in value (ramp-up). Total assets : Euro 49 million.*

SALLUSTIO

Type of asset: building land to be developed.

Total assets : Euro 76 million.*

TYCHE

Type of asset: income-based investment in hotels and tourism.

Total assets : Euro 18 million.*

AIACE

Type of asset: properties for tertiary use (retail).

Total assets : Euro 41 million*

COPERNICO

Fund established for investment in renewable energies (in establishment phase). Total assets : Euro 189 million.*

EURIPIDE

Investment fund concerning RSA (health care facilities) and logistics.

Total assets : Euro 169 million.*

PERSEIDE ENERGIEInvestment Fund focused on renewable energy projects set up in September 2012. Total assets as at 31/12/2013: Euro 31 million.*VENICE WATERFRONTProperties to be developed. Total assets Euro 36 million.*

FININT ABITARE FVG

Social Housing. Total assets Euro 8,5 million.*

HOUSING SOCIALE TRENTINO

Social Housing. Total assets Euro 9 million.*

DIRECT MANAGEMENT MANDATE

Investments in residential property.

Total assets: Euro 42

mln

*

(*) Total

assets

updated

to the

current

date

Slide19

19Corporate Finance

Finint, with its Corporate Finance team, is the ideal partner for small and medium corporate, multinational companies and institutional investors to lead a confidential, reliable and independent advisory service in corporate finance transactions. The Corporate Finance Team can also rely upon both Structured Finance Team expertise to assess every possible financing tool and

Finint’s

& Wolfson

Associati’s

know-how to prepare and put into practice restructuring and efficiency plans for corporate organizations.

Finint

offers specific expertise from its Asset Management team in the real estate sector, with more than € 1

bn

of assets under management

.

Thanks

to the Partnership with IEG Investment Banking, headquartered in

Berlin

and with 11 offices worldwide, the Corporate Finance team can advise its clients in cross border M&A transactions through the support of more than 110

professionals.

Finint Corporate Advisors S.r.l.,

established in 2011 in order to make the

Finanziaria

Internazionale

Group’s advisory service fully independent.

The team is committed to understanding and meeting all the needs of entrepreneurs and therefore to offer the best advice for the entire transaction process. It can guarantee rapid and customized solutions thanks also to its deep technical expertise and consolidated network of business relations (both in Italy and abroad).

Business Model

Financial

Advisory IPO Advisory Debt Advisory M&A Advisory

CLIENTFLEXIBILITYENTREPRENEURSHIPEXPERTISEALIGNED INTERESTINDEPENDENCENETWORK

Slide20

20Corporate Finance

MERGERS, ACQUISITIONS AND CORPORATE/STRATEGIC REORGANIZATIONS (M&A ADVISORY) Finint provides advisory services in the development and implementation of M&A transactions, both domestic and international ones, such as acquisitions, mergers, disposal of equity investments, takeover bids to purchase and/or exchange (OPA/OPS); reorganization of corporate structures, operations related to a reorganized shareholding structure and the definition of governance across generational change.

FINANCIAL RESTRUCTURING AND DEBT ADVISORY (DEBT ADVISORY)

Finint

provides

advisory

services to its clients for structuring and raising third party equity within financial restructuring operations.

Finint

assists its clients in the whole debt structuring

&

raising process, acting as representative of the borrower’s interests with respect to the financial system, with the aim of achieving the best capital structure with lower costs, consistently with the company’s ownership and business needs.

We

have closed more than 70 transactions since 2000 in several industry sectors for more € 7 bn. In the last few years we have built the groundwork for our growth due to the development of a strong Italian and international client base (i.e. France, Switzerland, UK) together with our solid roots in the north-east of Italy.

Slide21

21Corporate Finance

IPO ADVISORYAccess to the stock market represents an opportunity for the company to strengthen its financial and managerial structure and its competitiveness, improve its credit standing and its brand in the market, also obtaining an enduring funding channel to support its growth strategies.

The listing procedure requires the assistance of specialists. The company should reach the highest level of confidence with its advisor to establish a profitable cooperation in order to maximize the success of the IPO, both in quantity and quality of investors’ demand, and prepare the company’s management for the status of a listed company with its regulatory controls and market communications.

Finint

, as financial advisor of the company to be listed, follows its client from the first initial strategic outline (i.e. feasibility study) and coordinates all the parties involved in the different stages of the IPO process (i.e.: maximize the company’s value

vs

minimize the IPO expenses). That way

Finint

allows its client to save time and energy for its day-to-day business.

FINANCIAL ASSESSMENTS, FAIRNESS OPINIONS AND FEASIBILITY STUDIES (FINANCIAL ADVISORY)

Based

on

its

outstanding

competence

,

FinInt

provides

a complete

range

of financial advisory

services.

for further information

Slide22

22Corporate Finance

Year

Client

Segment

Description

2014

Snaidero

Furnishing

Kitchen

Corporate Finance

Fairness opinion on 3 main divisions: IXINA, Arthur Bonnet and Rational

2013

Agorà Investimenti

Infrastructure

Corporate Finance

Advisor to

Agorà

Investimenti

, controlling shareholder of SAVE (Venice Airport), to reach the 50,1% of

voiting

rights of SAVE through the debt

ristructuring

of

Sviluppo

73 and Sviluppo

91 and the following contribution in Agorà2013Sangalli Group / GlasswallGlass M&A - Debt AdvisoryAssistance to Sangalli Group in the restructuring process, as per Art. 67 l.f., with the simulatenous entry into the company, with 50% capital, of the new Russian partner Glasswall2013Star Holding NV/ Finananziaria InternazionaleInfrastructureM&A AdvisoryAdvisor to Star Holding NV (controlled by Morgan Stanley Infrastructure Funds) and Finanziaria Internazionale in the acquisition of 33.49% of Agorà Investimenti, controlling shareholder of SAVE (Venice

Airport), by Assicurazioni Generali as well as Agorà financial reengineering2013Acegas-ApsUtilitiesTransaction Service Issue of fairness opinion on the mandatory takeover bid of Acegas-Aps S.p.A by Hera S.p.A, following the merger of Hera S.p.A. with Acegas-Aps Holding S.r.l.2012Cadel S.r.l.StovesM&A AdvisoryAdvisory service to Cadel S.r.l. in the spin-off and the disposal of the stoves business unit to MCZ Group2012

LCapital

Management

Catering

M&A

Advisory

Advisory service to L Capital fund (LVMH) in the purchase of a minority of

Cigierre

S.p.A

. (more than 120

resturants

in Italy and abroad with brand Old Wild West, Wiener

Haus

, Arabian Kebab, Cantina Mariachi)

2012

Colombin

& Figlio S.p.A.

Corks

producer

Debt

Advisory

Advisory service

toColombin

&

Figlio

S.p.A

. - corks producer - in debt restructuring process in compliance with article 67 of the Italian bankruptcy law

2012

Cimolai

S.p.A.

Construction

M&A

Advisory

Advisory service to

Cimolai

S.p.A

. in the purchase of 70.4% of the share capital of the Swiss company

Zwahlen

&

Mayr

S.A., listed on the SIX Swiss Exchange, operating in the metal construction and pipes industry

2011

Unitessile

S.p.A.

Iana (Marchio Coin S.p.A.)

Retail

M&A

Advisory

Advisory service to

Unitessile

S.p.A

. in the disposal of IANA branch (chain of 400 retail stores with brand IANA) to Gruppo COIN

S.p.A

.

Slide23

Finint introduced private equity among its business activities at the end of the 1980s, in order to acquire stakes in companies mainly based in the North-East of Italy. At the beginning of the 2000s, Finint subsequently widened its activities through the following strategies :The participation of institutional investors and family office investors in the setting up of investment companies specialized in private equity transactions;Building a private equity-dedicated team within a purposefully created company (Finint & Partners), providing advisory services to investment companies.For over 10 years, Finint & Partners has been looking for and selecting capital investments mostly in Italian companies, managing portfolio companies, supporting management in drawing up an industrial plan and in the implementation of a value creation strategy aimed at a medium-term exit.With an active strategy towards investment, Finint & Partners analyses opportunities with a sectoral diversification approach, focusing on mainly non-listed companies, with the aim of supporting managers and/or entrepreneurs in their industrial plans within a national and international competitive context, based on the following actions:by means of majority stakes or qualified minority interests, supporting entrepreneurs wishing to increase their company’s turnover and improve the quality of their products and services;

organizing buy-out operations in partnership with other qualified financial investors, providing advice to the existing management and/or providing external management experts, at times solving problems related to generational change;providing companies with the necessary capital to develop, favouring business combination and external growth opportunities.Finint & Partners

is an ordinary member of Italian association AIFI for Pri­vate Equity and Ven­ture Capi­tal, and cooperates with

Borsa

Italiana

to promote the ELITE Project.

23

Private

Equity

for

further

information

Slide24

24Private Equity

Investments vehicles

NORD EST INVESTMENT PARTNERS

Investment company focused on SMEs actively operating in the north-eastern regions of Italy. The company made 5 investments mainly with the acquisition of minority shareholdings, both in expansion and in replacement operations. It has sold the whole portfolio by achieving a net IRR of 17% with multiple cash on cash return equaling 1.7x, mainly generating from the growth in size of portfolio companies (CAGR volume of business: +26% on a yearly basis

)

NEIP

II  

This investment company deals with infrastructures and their associated services.

Assicurazioni

Generali

and

BancApulia

are among its investors. It has made 3 investments by investing about € 30 M

.

NEIP

III

This investment company assists SMEs. The company aims at making investments in companies with a turnover in the range € 10 – 100 M, operating in the industry and services sectors and with a good development rate, without focusing on any specific production sector.

NEIP

III has reached a

capitalisation

over than € 75 M. Its shareholders are mostly represented by important Italian institutional investors as well as some of the more prominent local entrepreneurs.

Slide25

25Private Equity

Portfolio companies

Target:

Nuova

Giungas

S.r.l.

Lafert

S.p.A.

Forno d’Asolo S.p.A.

Business

sector

:

Oil

& Gas

Mechanical

Frozen

Bakery

Target

description

:

Nuova

Giungas

, based in

Formigine

(MO), is worldwide leader for design, development and manufacturing of monolithic isolating joints in the Oil & Gas sector. Nuova Giungas core products are custom made joints with large diameters, applied to onshore high capacity gas and oil pipelinesLafert, based in San Donà di Piave (VE), produces and sells electric motors and servo motors for industrial application.Lafert Group is among the European leaders on customized high efficiency asynchronous motors sector Forno d’Asolo, based in Maser (TV), produces and distributes frozen bakery products, especially products for breakfast. Forno d’Asolo also products savory bakery (as pizza, bread and ready cooked dishes)

Type

of

investment

:

Buy

Out

Mixed (

expansion

and

replacement

)

Buy Out (co-investment with other private equity)

Turnover 2012 (€/M):

13

110

69

Status

Portfolio

Portfolio

Portfolio

NEIP III S.p.A.

Target:

Blue

Flame

(

Ascopiave

S.p.A.)

C.M.S.R.

Veneto Medica S.r.l.

Manutencoop

Facility

Management S.p.A.

Business

sector

:

Utilities, sale and supply of natural gas

Health

care,

diagnostics

Facility

management

Target

description

:

Blue Flame holds 8.7% of

Ascopiave

, a company listed on Milan’s Stock Exchange (STAR segment), the Italian leader in the sale and supply of natural gas.

Ascopiave

is the second main operator in the North-East of Italy in terms of supplied customers and supplied volumes

C.M.S.R. Veneto

Medica

, based in

Altavilla

Vicentina

(VI), is a diagnostic and health

centre

accredited by the Italian NHS. Through its subsidiaries

Sanimedica

and Centro Medico Palladio, it also operates in the fields of occupational medicine and assisted insemination

Manutencoop

Facility Management, reporting to Gruppo

Manutencoop

, operates in the management and supply of integrated services for real estate for the territory and in support of health care activities (Integrated Facility Management). The Group operates all over Italy, as well as in France and in Poland

Acquired

percentage

:

34.17% (co-

investors

: Gruppo

Fassina

, Quaternario Investimenti, Geo Nova, Nordest Ippodromi)

95.76%

0.6%

Turnover 2012 (€/M):

1.078

13,5

1.073

Status

Disposed

Disposed

Partially

Disposed

NEIP II S.p.A.

Slide26

26Business Process Outsourcing

Finint operates in the financial middle office sector. From its foundation in the 1980s in the automotive back office sector, it has added horizontal and vertical skills over the years by integrating administration, insurance and legislation matters.

Today banks, financial companies, leasing and rental companies trust

Finint

as the ideal partner to entrust with their business no-core activities.

All-in or single-module-based solutions all start from an operational analysis, as well as technical know-how and state-of-the-art IT solutions. In

Finint

’s

business rationale, these are industrialized and supplied via web to B2B or B2C clients.

Finanziaria

Internazionale

is an independent and trustworthy player, a partner for the most important Italian stakeholders in this sector, still maintaining the ability to talk to every actor involved.

Constant organizational and technological innovation always makes it competitive against offshoring.

Slide27

27Business Process Outsourcing

COMPLETE MANAGEMENT OF FINANCIAL PROCESSESThe BPO has special expertise in the outsourcing of administration services for leasing, rental and financial (automotive, nautical, real estate) companies

.

Web-based monitoring can be modulated and easily carried out by the client on services performed.

The organizational structure of the performed service, based on single steps, also provides a guarantee for the client as to the rapid definition of processing methods and of any possible deviations.

Agenzia

Italia

S.p.A

.

REAL ESTATE OUTSOURCING

Services provided in the real estate outsourcing area range from the implementation of a real estate management system for equipment assets or related to distressed assets, to the building of a real estate register and the implementation of technical remote monitoring systems. This area also provides a property management service on real estate portfolios.

The development of products and services is based on flexible planning and communications systems, in order to facilitate the following steps, i.e. the management of events, production cycles, operational structures, as well as of technological plants, buildings and installations.

Sogepim

Real Estate S.p.A.

Slide28

28Business Process Outsourcing

CREDIT MANAGEMENTA dedicated team of professionals in the BPO area provides judicial and extrajudicial credit management services, as well as the analysis, collection, remarketing, management of redemption and reimbursement, and legal advice.

A team of more than 100 collection agents operates on the whole Italian territory: these professionals have years-long experience in problematic credit management, especially related to leasing contracts.

Eurisko

Italia

S.r.l

.

Servizio

Management Desk (

Agenzia

Italia)

CORPORATE ORGANIZATION

Finint

aims at spreading the principles and methods of the Toyota Production System (TPS) in Italy. It suggests the re-engineering and planning of leading processes for companies, as well as the development of new products, of the supply chain and operations. Advisory services in this area range from higher learning and training for companies and the public administration, to lean production implementation activities for front-office and back-office services.

Finint

also provides document management and electronic document filing services.

Finint

& Wolfson Associati S.r.l.

E-

Masterit

S.r.l.

Slide29

29FINANCIAL AND INSURANCE SERVICESFinint has been operating in the leasing sector for over 30 years. It provides clients with equipment, real estate, automotive, nautical and renewable energy leasing services. For over a decade, it has also been active with a dedicated insurance company of its own for insurance brokering services. Finleasing S.r.l.SAFI Insurance S.r.l.

INFORMATION TECHNOLOGY All ICT services supplied by Finint

rely on a team of over 20 IT system and solution experts, a guarantee for immediate and punctual intervention both in the start-up phase and for the maintenance of procedures associated with the provision of the service. Our services:

planning, implementation and customization of management software for corporate accounting and reporting;

network architecture, interfacing with information systems of credit institutions and disaster recovery;

internet service provider and web company

.

Fin.It

S.r.l

..

Business

Process

Outsourcing

f

or

further

information

Slide30

30Business Process Outsourcing

CREDIT BROKERAGEIn February 2011 the Finanziaria

Internazionale

group set up the company MCS

S.p.A

, thus entering the credit brokerage business. MCS operates through the commercial brand

Mutuo

Casa

Tua

and the

www.mutuocasatua.it website, with the aim to offer individuals and families the best tools, even technological ones, for comparing the various credit proposals offered on the Italian market, leading to the best choice.

SERVICES FOR THE REAL ESTATE SECTOR

In July 2012, the

Finanziaria

Internazionale

group promoted the establishment of Global Point, a company aimed at offering the world of real estate agencies a set of services able to innovate the concept of brokerage.

Slide31

31Proprietary Investments

The main equity investments of the Finanziaria Internazionale

Group

SAVE

A company that manages the Venice Marco Polo Airport and has equity investments in companies operating in the airport sector, it also manages transfers and services infrastructures correlated to public catering and shop management services for

travellers

in Italy and abroad

.

AIREST

Airport Elite acquired

Airest

and Very Italian Food in 2006, the group offers catering formulae and sales outlets inspired by Italian excellence in various urban hubs and departure points in Italy, Slovenia, Austria, France, Czech Republic, Russia, China and the Arab United Emirates

.

FERAK

This company is occupied in the acquisition, sale and management of equity investments in listed companies and shares and bonds of both domestic and foreign companies. Specifically, the company has focused its business exclusively on accumulation of a shares portfolio in the listed company

Assicurazioni

Generali

.

Slide32

32Proprietary Investments

Real estate investments in Italy and abroadIPS

Redevelopment of an area of 1ml m2 in

Bozhuriste

- Sofia (former military airport), logistics and services

centre

.

PADOVA

EST

Development of a commercial area located at the

Padova

Est

junction along the Venice-Milan A4 motorway. Two shopping

centres

built: one signed over to Ikea and the second one currently leased

.

FININT IMMOBILIARE

Management of a portfolio of approx. 12,000

sqm

for office use instrumental to the holding Group.

Slide33

33Human Resources

The development, training and growth of the human resources are at the centre of our Management’s attention. We carefully plan every phase of the screening process, run pre-employment courses to provide all the necessary expertise to the youngest applicants to make their entry into the business world, we collaborate with the best training partners in the

organisation

of inter-company ad-hoc paths to widen their knowledge of financial and information systems English and develop transversal expertise.

Group establishment*

Employees

Age*

Training hours in

2014*

*data

as

of

30/06/2014

Total hours:

9.870

Slide34

34Human Resources

THE CORPORATE UNIVERSITYThanks to the investment in staff training, Finanziaria

Internazionale

can boast the collaboration of leading figures with long-standing field experience

.

2010 saw the launching of the

Finint University

project, which aims, among other things, at spreading among managers the skills already acquired. The initiative also aims at updating knowledge on technical and basic issues, in order to foster product innovation, create synergies within the Group and offer our clients new solutions

.

Training sessions are led by senior personnel within the company or by external professionals recognized at national level providing training projects tailored to meet the requirements of the Group.

Group Business Sector

Securitisation

Techniques

2010

Negotiation

Skills

Competitive

Positioning

2011

Development

decree

art. 32

Speaking

skillExtraordinary operation management2012

TRIZ – Theory of Inventive Problem SolvingThe Road to Connection: a powerful way to communicate across differencesMaking the Intangibleship2013The Art of Delegation

Project Management

2014

Slide35

35Human Resources

PRE RECRUITMENT MASTERSThe innovative and specific services offered by the Group are based on the excellent knowledge of our staff on issues that are often only briefly touched on by general education paths.

Integrating new staff can be a delicate process for a business. Our Group's pre-recruitment training courses provide young people with all the necessary skills to enter the world of work.

The initiative was appreciated by the participants because it offered the opportunity to meet internationally renowned professionals and future colleagues

. These

courses have been equally welcomed by the company's senior staff as they offer a unique opportunity to dedicate time and attention to the preparation of future employees.

I Master in

Structured

Finance

2009

II Master in

Structured

Finance

2010

I mini

Master in

Accounting

and Financial Statement Analysis

2010

I Master in Corporate

Finance

2011

I Master in Real Estate

Management

1 st In-Depth Legal Master

in Structured Finance2014

Slide36

36Awards

13/11/2013 - MiniBond PMI Italia Fund

Milano

Finanza

awarded

a

prize

for the

MiniBond

PMI

Italia Fund, an

investment

solution

promoted

by Banca

Monte dei Paschi di Siena

and

managed

by

Finint

Investments SGR, on the occasion of the MF

Innovation Award 2013 edition

. The Fund was awarded the most prestigious prize in the categpry

“Financing services for companies”, thanks to the remarkable innovation of the investment solution developed for SME financing needs, at a time characterized by bank credit restriction.International “Le Tre Frecce d’Argento della Finanza” PrizeBanche d’AffariFinanziaria InternazionaleMediobanca

Vitale & AssociatiBanche d’AffariFinanziaria InternazionaleLazardMediobancaLe Tre Frecce d’Argento della FinanzaSesta Edizione del premio InternazionaleLe Tre Frecce d’Argento della FinanzaQuinta Edizione del premio Internazionale

Finint was nominated amongst the first three best merchant banks at the fifth and sixth editions of the International “Le Tre

Frecce

d’Argento

della

Finanza

” Prize

Prizes awarded by the “Structured Finance International” magazine

T.I.

Securitisation

Vehicle

S.r.l.

Telecom Italia

Joint-

Bookrunners

: BNP

Paribas

,

WestLb

(Lead

arranger

)

Co-

arranger

:

Finanziaria Internazionale

Eu 700m

BNP

Paribas

Finanziaria

Internazionale

Morgan Stanley

Best

securitisation

of

E

uropean

A

ssets

Editor’s

Award for

Advancing

Structured

Finance

« …the

Italian

market

would

not

be

where

it

is

today

without

the

sustained

effort

of

three

institutions

.»

«The

people

who

really

drove

the market

forward

were

BNP

Paribas

, Finanziaria Internazionale and

Morgan Stanley.»

«

Without

these

three

, the

Italian

m

arket

would

be

at

last a

year

–

p

erhaps

more –

behind

where

it

is today»Finint was awarded the prize for the operation judged the best at international level (classification drawn up by the magazine based on the results collected amongst the institutional investors active in the segment).Finanziaria Internazionale togetherWith the join bookrunners BNPParibas and West LB has beenAwarded the first price for the«Best Securitisation of European Asset» by StructuredFinance International for its Telecom Italia transaction. This transaction has set the standard in the market forsecuritisation of telephone bills,representing the first Master Trustto be executed in ItalyPrizes awarded by «Milano Finanza» magazine

Slide37

37Corporate Governance

Board of DirectorsFinanziaria Internazionale Holding S.p.A

Enrico Marchi

Chairman and

Chief

Executive

Officer

Andrea de Vido

Chief

Executive

Officer

Franco Lucchi

Director

Andrea Perin

Director

Mauro Sbroggiò

Director

Daniele Da Lozzo

Director

Executive Leadership

Mauro Sbroggiò

Chief

Financial

Officer

- CFO

Daniele Da

Lozzo Chief Operating Officer - COOOther boards appointed – Board of Statutory AuditorsLino De Luca Chairman and standing statutory auditorLodovico Tommaso Ponzetta Standing statutory auditor Denis Bozzetto Standing statutory auditor Independent auditorsDeloitte & Touche S.p.A.

Slide38

Management Team

Finanziaria Internazionale

Holding

S.p.A

.

Via Vittorio Alfieri, n. 1 – 31015 Conegliano TV

Via Orefici, n. 2 – 20123 Milano

MI

Via

Edoardo

d’Onofrio

, 212 - 00155 Roma RM

25°, Boulevard Royal- L – 2449 Luxembourg

Bolshoy Zlatoustinsky

P

ereulok 1,

B

ldg 1

-

101000

Moscow

T

+39 0438 360900

F +39 0438 411901

info@finint.comwww.finint.com

Daniele Da Lozzo……….Business Process OutsourcingAndrea Perin…………….Structured FinanceMauro Sbroggiò………....Asset & Wealth ManagementGianluca Banfi.…………..Corporate FinanceDomenico Tonussi………Private Equity