TMP Company Presentation O&G

Termomeccanica Pompe TM.P. S.p.A. Termomeccanica Pompe Company Presentation

Termomeccanica Group Overview

Termomeccanica History 1912: 1934:

Establishment as A. Cerpelli & C. Became stock corporation (S.p.A.) Termomeccanica Italiana

1981: 1992:

Entered in the parastatal group EFIM Dissolution of EFIM

1995: 1999:

Privatization: Birth of Termomeccanica SpA Establishment of TM.P. SpA – Termomeccanica Pompe

Shareholders 14%

36%

17%

Banca Intesa San Paolo L.E.C.A. Invest Srl Other private investors

33%

Termomeccanica Group – Businesses

Mechanical Business

Environmental Business

TMP

TME

Engineered pumps solutions API 610 process pumps solutions Global Service Solutions

Design & Construction of turn-key plants for - Water treatment - Waste to energy - Renewable energies

TMC Screw compressor technology solutions

ADICOMP Screw compressor package solutions

TMIP Chemical Process Plants Oil & Gas Treatment Plants

TM.I.P. S.r.l.

Termomeccanica Industrial Process 70%

Termomeccanica Group – Structure

Termomeccanica Wind Srl 100%

TM SpA (Holding)

Immobiliare San Bartolomeo Srl 100%

100%

Termomeccanica MSK Moscow- Russia 75%

TMC SS LLC Shanghai – Cina 92%

TM.P. S.p.A. – Termomeccanica Pompe

ADICOMP Srl Vicenza – Italy 51%

TM.P. Termomeccanica Service Sud Srl - Italy 100%

S.C. TM.P. Termomeccanica Romania S.r.l.

100%

TM.P. Termomeccanica Albania Shpk 100%

Termomeccanica Saudia Co. Ltd. 51%

Mediteranean Wind Offshore S.r.l.

97.60%

TM.S.I. Srl Termomeccanica Servizi Integrati- Italy 100%

Falconara Wind Energy Srl 70%

TM.E. S.p.A. – Termomeccanica Ecologia

TM.C. S.p.A. – Termomeccanica Compressori

Pan Anemos Magna Grecia Srl 92.50%

Greencal S.r.l.

100%

Milonia Srl 60%

Valmadrera SpA 80,4%

T.E.B. Srl Termo Energia Brindisi 100% T.E.T. Scrl Termo Energia Taranto 50.1%

Termomeccanica Pompe Middle East FZE (Dubai) 100%

Termomeccanica SpA – Libya Branch (Tripoli)

TMP SpA Termomeccanica Pompe- India Branch

TME SpA Termomeccanica Ecologia – Poland Branch (Warsaw)

Key Numbers

Termomeccanica Group

(Mechanical & Environmental Businesses)

Consolidated Turnover 2012: 174 M€ 2013 (Dec. forecast): 158 M€ 2014 (bgt.): 252 M€

Consolidated EBIT 2012: 12.5 M€ 2013 (Dec. forecast): 8.4 M€ 2014 (bgt.): 16.3 M€

Personnel (Consolidated) 2011 : 2012 : 2013:

1016 839 906

Termomeccanica Pompe Group

TMP Group - Businesses  Power & Water Product Line  Oil & Gas Product Line  Screw Compressor Technology solutions & Customized Package Solutions Lines  Global Service Line

Termomeccanica Pompe Group – Structure Termomeccanica SpA – Libya Branch Tripoli

Other TM Group international supporting Companies & Branches

TME SpA Termomeccanica Ecologia – Poland Branch Warsaw

Termomeccanica MSK Moscow – Russia 75%

TM.C. S.p.A. – Termomeccanica Compressori La Spezia -Italy 100%

ADICOMP Srl Vicenza- Italy 51%

TM.P. Termomeccanica Service Sud Srl Taranto - Italy 100% S.C. TM.P. Termomeccanica Romania S.r.l.

Bucharest 100%

TM.P. S.p.A. – Termomeccanica Pompe

TMC SS LLC Shanghai – Cina 92%

TM.P. Termomeccanica Albania Shpk Tirana 100%

Termomeccanica Saudia Co. Ltd. Riyadh – Al Khobar 51%

Termomeccanica Pompe Middle East FZE Dubai – U.A.E. 100% TMP SpA – Termomeccanica Pompe India Branch Pune - Maharashtra

TM.S.I. Srl Termomeccanica Servizi Integrati Taranto - Italy 100%

Consolidated Turnover : 2011: 65.0 M€ 2012: 70.5 M€ 2013 (Dec. forecast): 89.0 M€ 2014 (bgt.): 136.0M€

of which 70% in the Middle East

Termomeccanica Pompe Group Key Numbers

Consolidated EBIT : 2011: 2012: 2013 (Dec. forecast): 2014 (bgt.):

5.3 M€ 2.3 M€ 3.5 M€ 7.8 M€

Personnel (Consolidated) : 2011: 2012: 2013:

312 472 536

Of which 7 dedicated to R&D Patents : 8 patents registered since 2003 Industrial Area : Total Area: 50.000 m² covered area: 26.000 m²

QSE Certification :

Termomeccanica Pompe Group Key Numbers Production Companies TM.P. La Spezia (It)  Total area: 50,000m²  Covered area: 26,000m²

TM.C. La Spezia (It)  Total area: 5,500m²  Covered area: 3,200m²

Service Companies TM. P. Service Sud (Taranto – It)  Total area: 3,000m²  Covered area: 1,300m²

TM.S. I. Servizi Integrati (It) Brindisi

Litta Parodi

Total area

5,000m²

1,300m²

Covered area

2,500m²

500m²

TM.C. SS Shanghai (China)  Total area: 1,150m²  Covered area: 1,150m²

SC TM.P. Romania (Bucharest)  Total area: 2,200m²  Covered area: 1,200m²

TM. P. Service Sud (Taranto – It)  Total area: 1,500m²  Covered area: 700m²

TM Saudia Co. Ltd (Al Jubail Workshop)  Total area: 4,000m²  Covered area: 1,500m²

ADICOMP Srl (Vicenza – It)  Total area: 5,000m²  Covered area: 2,800m²

TM Middle East FZE (Dubai - UAE) Currently = commercial office.

Service company with workshop to be set up by mid 2014.

Geographical Markets

Pumps Installed Base (final destination)

Legend: Pumps with power >500kW – total of 10,000 units density of installed base n. pumps >200 100 ≤ n. pumps ≤ 200 n. pumps < 100

Geographical Markets Key Markets

Markets Under Development

 Europe:

 Kazakistan  Uzbekistan  Turkmenistan  Venezuela  Chile

Italy France Romania

 MENA:

Arabia Saudita, U.A.E., Bahrain, Qatar, Oman Libia - Egitto Giordania Iran Iraq Pakistan

 India  Russia  China  Nigeria  Cuba

Focus on Oil & Gas

Oil & Gas 12%

58%

7%

Main Line 23%

Water Injection Crude Oil Transfer General Services

Installed power of medium and large size pumps over the last 40 years (from 200 kW to 7000 kW) : 500 MW

Oil & Gas – TMP Pumps

Oil & Gas Product Line

TM.P. is a qualified supplier of the following Oil&Gas End Users (1/3)

TM.P. is a qualified supplier of the following Oil&Gas End Users (2/3)

TM.P. is a qualified supplier of the following Oil&Gas End Users (3/3)

ADCO – Qusahwira Field Development 1.8MM BOPD Abu Dhabi (U.A.E.)

Pump Type: Vertically suspended pump (VS4) Service: Closed drain return Capacity: 50 m³/h Head: 73 m Drive Power: 30 kW

ADCO – Qusahwira Field Development 1.8MM BOPD Abu Dhabi (U.A.E.)

Pump Type: Overhung pumps (OH2) Service: Disposal water Capacity: 66.2 m³/h Head: 232m Drive Power: 132kW

KJO - Al-Khafji Water Treatment Facilities Kingdom of Saudi Arabia

Pump Type: Axially split double suction pumps (BB1) Service: Filter feed water Capacity: 400m続/h Head: 62.6m Drive Power: 132kW

ADCO – Bu-Hasa – Oil & Gas Abu Dhabi (U.A.E.)

Pump Type: Axially split multi-stage pump (BB3) Service: Disposal Water Pump Capacity: 400 m³/h Head: 275 m Drive Power: 500 kW

Radially split one-stage double entry pump (BB2) for various Oil&Gas services

Capacities: up to 5,000 m続/h Heads: up to 600 m Drive Power: up to 6,000 kW

KOC - Minagish Water Injection – Oil & Gas Kuwait

Pump Type: Horizontal High Pressure Pump (BB5) Service: Water Injection Capacity: 437 m³/h Head: 1,601 m Drive Power: 3,500 kW

ENI SpA - Centro Oli Val d’Agri Italy

Pump Type : Horizontal High Pressure Pump (BB5) Service: Water Injection Capacity: 115 m³/h Head: 1,842 m Drive Power: 1,100 kW

IOOC* - Sirri Island Water Treatment & Injection Plant Oil & Gas Project - Iran

*IOOC= Iranian Offshore Oil Company

Pump Type: Horizontal High Pressure Pump (BB5) Service: Water Injection Capacity: 405 m続/h Head: 1,502 m Drive Power: 2,600 kW

KOC - West Kuwait Plant Extension – SNC Lavalin

Pump Type : Horizontal High Pressure Pump (BB5) Service: Water Injection Capacity: 437 m³/h Head: 1,657 m Drive Power: 2,866 kW

Operational Facilities

Focus on La Spezia Test Center

Facilities – Test Center

 Full scale performance tests on 100% of manufactured pumps  Contractual model tests  Validation of new hydraulics for product development

Facilities – Test Center     

Maximum Test Capacity: 65000 m3/h Bridge cranes : 50 T Maximum Test Power for Horizontal Pumps: up to 10 MW at 50 Hz and 4.5 MW at 60 Hz Closed Circuit Test Installation for High Pressure and High Temperature up to 200°C Oil & Gas pumps: Closed Circuit Test Installation for High Temperature up to 350°C

Service Division & Service Companies

Service Mission To offer a complete portfolio of services to its worldwide Customers & End-Users covering any need that may arise during their plantsâ&#x20AC;&#x2122;

entire life cycle.

Service Activities Portfolio            

Supply of rotating machines Supply of valves, gear boxes & integrated systems Electrical & instrumentation works Spare Parts Rotating & stating equipment Service , overhaul & repairs Plant Rehabilitation & Life Extension (upgrading & refitting) Reverse engineering On Site Technical assistance Local and remote monitoring & diagnostics Equipment’s Long Term Service Agreement Staff Personnel training Plant shutdown - global service

Service Organization Operative Approach Service Division Headquarter La Spezia â&#x20AC;&#x201C; Italy Strategy & Coordination

Partnership Agreements With Key Component manufacturers Worldwide for specific areas or products Global Solutions

Local Services Companies & Agents Worldwide On-site Operations & Customer direct contact

Service Agreements Portfolio

LTSA (Long-Term Service Agreements)     

Spare parts supply price agreements On-call field services agreements Maintenance agreements Monitoring & Diagnostics service agreements Logistics & Maintenance Global Service agreements

Service Companies

Current Network of Service Companies Establishment of local Service Companies in key geographical areas with high density of installed products and/ or job opportunities

* Other TM Group supporting companies & branches

TM.P. Termomeccanica Service Sud Industrial Area: Total Area: 4.500 m² Covered area: 2.000 m²

Equipment : Workshop equipped with machinery and tools to execute all service activities: Lathe: O: Ø 1200mm x 5000mm Lathe: V: Ø 2300mm x 2000mm Boring: X = 2000mm x 2000mm x 2000 mm Balancing: 450kg – Ø 1300mm Slotting: Ø 450mm

Fully Automatic screw compressors production line

TM.S.I. Termomeccanica Servizi Integrati Industrial Areas: Brindisi: Total Area: 5.000 m² Covered area: 2.500 m²

Litta Parodi: Total Area: 1.300 m² Covered area: 500 m²

Equipment : Workshop equipped for all mechanical maintenance activities on valves, rotating machines, engines and motors; Skilled personnel with mobile equipment for electro-mechanical supervision and turn-key activities in Italy and all over the world

S.C. TM.P. Termomeccanica Romania Industrial Area  Total Area: 2.200 m²  Covered area: 1.200 m²

Activities:

 Designing  Procurement & expediting  Service activities on pumps & compressors

Termomeccanica Saudia Co. Ltd  Head Office: Riyadh - Workshop:

Al-Jubail

 Al Jubail Industrial Area: Total Area: 4.000 m² Covered area: 1.500 m²

 Al-Jubail Workshop Equipment : Workshop equipped with machinery and tools to execute all service activities: Lathe O: Ø 1200mm x 5000mm Lathe V: Ø 2300mm x 2000mm Boring: X = 2000mm x 2000mm x 2000 mm Balancing: 450kg – Ø 1300mm Slotting: Ø 450mm

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