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Trevi Fin Industriale

Investor Presentation • Aug 30, 2016

4302_rns_2016-08-30_d6bb60f3-2456-4443-9d12-be7fc9558e56.pdf

Investor Presentation

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2016 First Half ResultsEnded 30thJune 2016

CONFERENCE CALL

Cesena,30th August 2016

1. TREVI Group

  • 2. 1H 2016 Financial Results
  • 3. Q&A
  • 4. Appendix

Special foundation services

€278,1m

Oil drilling rigs

€92,2m

1H16 Revenues

Special foundation rigs

€124,5m

Oil drilling services

€50,6m

Special foundation services

€278,1m

1H16 Revenues

Environment

Deep Foundations Tunnel Consolidation

Marine Works

Special foundation rigs

€124,5 mln

1H16 Revenues

Land Rigs

Hydraulic Drilling Rigs

Mud Pumps

Drawworks

Oil drilling rigs

€92,2m

1H16 Revenues

Modular Offshore

Top Drives Conventional Packages

AHEAD Rigs

CILE:1 RIG HH2201 RIG HH1021 WO HH102

Oil drilling services

Foundations Sector

Oil & Gas Sector

Group's Divisions Overlook

  • •Strong cash generation
  • •Very strong order intake in the first half;
  • • Trevi Division hard backlog represents 77% of total; it increased to 829 million Euros from 585 (first half 2015);
  • • The quality of hard backlog is represented by higher than in recent past implicit margins;
  • •Good level of operating margins are expected to be achieved in 2H16;

  • • Positive trends in international construction markets and in particular in infrastructure sector;

  • •8,6% HoH increase in revenue,

  • • Strong improvement in margins, due to better market conditions and higher efficiency in production and commercial process;
  • • Positive feedback from international clients in Bauma Exhibition, the largest event in the Industry;
  • • High Technology new line of products introduced at the Bauma Exhibition are expected to generate increased volume of sales and margins;
  • • Investment in HIT products is securing new markets segments and major opportunities;

Group's Divisions Overlook

  • • Continued strong volatility and uncertainty in O&G. Price per barrel of petrol (Brent) increased to more than 50 dollars from the minimum of 28 touched in January (plus 79% in 8 months);
  • • Negotiations in progress for supply of rigs in different geographic area expected to be concluded in second half;
  • •HoH 39% decrease in revenues due to market conditions;
  • • Drillmec is waging on a reorganization plan and cost cutting, started in October 2015, which will bring major results in second half;
  • • Management is focused in improving services and is offering to clients maintenance, training and engineering through medium terms contracts to improve profitability of operating drilling rigs;
  • • Planned investments in R&D for increasing operation efficiency and controls (DMS remote, Shale Oil design);

  • • Management is focused on working capital decrease through better management of credits

  • •Struggling with decreased rig utilization rate

  • •Marginality challenged by more uncertain environment
  • •Negotiating contracts renewals to secure continuing operations

1. TREVI Group

  • 2. 1H 2016 Financial Results
  • 3. Q&A
  • 4. Appendix

Financial Highlights

Revenues€519m

Ebit€26m

Backlog€1.074m

Ebitda€62m

Net Result€-24m

Net Financial Position€396m

Financial Highlights 1H16 yoy

REVIGroup
-- ------------------
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One Group

Financial Ratios

Eur mln

The GroupBreakdown per Geographical Area

18

Net Financial Position

Based on non Consolidated Data

Based on non Consolidated Data

MOSUL DAM

  • •€273 million contract value
  • • Contract assigned by: Iraqi Ministry of Water Resources (MWR)
  • • The award follows an international tender issued in October 2015, which followed an expedited process
  • Technologies: Advanced and customized drilling and cement grouting activities for the consolidation of the foundations of the dam.

MOSUL DAM

  • Other activities include: repair and maintenance of the bottom outlet tunnels will also take place as they are currently damaged
  • • Specialized courses and training for technicians and local staff for the use of Soilmec (TREVI Group) drilling rigs will also commence
  • The presence of the Italian military forces, will ensure the safety of the more than 450 technicians and staff of TREVI

Galata, Cruise Terminal,Istanbul

Downtown Doha ProjectDoha - Mesheireb

Ras Abu Fontas A3Reverse Osmosis Project Doha

Brookfield Project, Dubai(Norman Foster)

Metro Algeri

Riachuelo ProjectArgentina

Commissioning for Mosul dam ProjectSoilmec Italy

Orogel - SR-120Soilmec Italy

SR-45Soilmec UK

Bauma 2016

Bauma 2016

First well for SOCAR

The Drillmec HH300 rig has completed the works on the construction of the first

ORDERS IN THE OIL & GAS SECTOR TOTALING ABOUT 197 MILLION EURO

Five 2000hp AC rigs and two 3000HP rigs with ENAFOR, an Algerian leading drilling services company and acting on behalf of SONATRACH, the national oil company and largest African operator.

Two rigs of 2000hp AC HSL (Hydraulic Swing Lift) with one of the largest drilling contractors operating in Saudi Arabia. The Saudi company has operated for more than 50 years in the industry and has an important role in the expansion program of Saudi Aramco, the leading oil company in the country and world leader in proven reserves.

Drilling activities in the Andes (Geothermal)

On November 1st 2015 the drilling rig of Drillmec H-202 Extreme started drilling activities at the Cerro Pabellon well at 4,550 meters above the sea level.

1. TREVI Group

2. 1H 2016 Financial Results

3. Q&A

4. Appendix

Income Statement 1H16 vs 1H15

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Statement of Financial Position 1H16 vs 1H15

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1. TREVI Group

  • 2. 1H 2016 Financial Results
  • 3. Q&A

4. Appendix

The GroupCompany Facts

  • •Ownership*: 51%
  • •Market: 49%
  • •Established: 1957
  • •Listed: 1999
  • •Value Proposition:
  • Fully integrated Special Foundation Services and Oil & Gas Company

The Group

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46

Disclaimer

The Executive in charge of the preparation of accounting documents "Daniele Forti" declares, pursuant to paragraph 2 of article 154-bis of the consolidated law on finance, that the accounting information contained in this presentation corresponds to the document results, books and accounting records.

This presentation, prepared by TREVI – Finanziaria Industriale SpA, contains forward looking information and statements about the group and in no case may it be interpreted as an offer or an invitation to sell or purchase any security issued by the company or its subsidiaries.

These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations to future operations, products and services, and statements regarding future performance.

Forward looking statements involve inherent risks and uncertainties are current only at the date they are made.

However, the management of TREVI – Finanziaria Industriale SpA believes that the expectations are reasonable, but, at the same time, points out to holders and investors that all the information and all the statements are subject to various risk and many of which are very difficult to predict and to control.

TREVI – Finanziaria Industriale SpA does not undertake any obligation to update forward looking statements to reflect any changes in own expectations with regard thereto or any changes in events.

Investor Relations Team:

[email protected]

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