Corporate Presentation

Corporate Presentation

We support companies’ competitiveness

SACE is a joint-stock company fully owned by Cassa Depositi e Prestiti and operates

in the field of export credit, credit insurance, investment protection, financial

guarantees, sureties and factoring.

We offer solutions for the integrated management of commercial and political risks

 Export credit and project finance

 Protection of foreign investments

 Financial guarantees

 Credit insurance

 Surety and construction risks

 Factoring

Over 30 years of providing

risk management solutions

Experience

Assisting over 25,000 SMEs and large corporations in 189

countries

Flexibility

€ 5.3 billion Shareholders’

equity and A- credit rating (Fitch)

Our products

Exporting at favourable

payment terms?

Export credit and project finance

1

Need to grant extended

payment terms?

Credit insurance

4

Difficulty getting access to

domestic credit?

Financial guarantees

3

Need to unfreeze credits?

Factoring

6

Looking to invest in high-risk

countries?

Protection of foreign investment

2

Bidding for contracts in Italy

and abroad?

Sureties and construction risks

Export credit and project finance

Export credit for supplies and projects using credit lines granted at competitive rates, also for project & structured finance transactions

Offer competitive terms of payment

We insure against the risk of non-payment of loans

 Longer repayment schedules

 Credit is protected, even in emerging countries

 Help with finding the best financial structure

Protection of foreign investments

Insurance cover for the value of the investment against loss or non-payment of amounts due in connection with the investment as a result of political events (war, civil unrest, currency restrictions, expropriation, etc.)

Invest abroad with confidence

We insure foreign investments against political risk

 Possibility of expanding abroad in countries with a high growth potential but where there are political problems or an uncertain legal framework

 Flexible insurance cover (possibility of selecting the individual risks to be insured)

 Better credit terms, as policy rights can be transferred to the lending bank

Financial guarantees for SMEs and large corporations

 For SMEs: insurance cover for funding of activities to promote growth in international markets granted under framework agreements with leading financial intermediaries

 For Large Corporations: insurance cover for loans earmarked for specific investments abroad or to cover requirements for working capital in connection with international contracts

Eeasier Access to credit

We facilitate access to credit by guaranteeing bank loans to companies

 Availability of favourable credit terms

 Access to loans with longer payment schedules

Financial guarantees for infrastructure and renewable

energy sources

 Insurance cover for funding to develop infrastructure to expand the national transport system, improve telecommunications networks or promote the diversification of energy sources

 Insurance cover for funding of projects in each stage of the renewable energy chain: from research and development to the production of raw materials and machinery and building of power production plants

Funding for investment projects

We foster the development of projects of strategic importance for the Italian economy

 Availability of favourable credit terms

 Access to loans with longer payment schedules

Credit insurance

 Total cover: insures the company's entire turnover with Italian and foreign buyers, or uniform

segments of that turnover

 Partial cover: insures turnover relating to recurrent transactions with a particular foreign

customer or group of selected customers

Insurance of turnover in Italy and abroad

We insure companies against the risk of non-payment

 Improvement of overall credit management

 Prior assessment of customers' solvency

 Active risk management

Surety and construction risk insurance

 Surety: guarantees to cover contractual obligations (bid bonds, performance bonds,

advance payment bonds, etc.) and performance of legal obligations (tax bonds, custom bonds, etc.), in connection with contracts undertaken in Italy and abroad

 Construction risk: insurance against risks associated with the construction of plant and civil

works for companies carrying out civil, industrial or infrastructure works in Italy or abroad under public or private contracts

Peace of mind when executing large or small works

We boost the competitiveness of companies bidding for tenders in Italy and abroad

 More efficient financial management

 No need to use bank credit facilities

Advisory services and training

Advisory services and assistance to help companies identify opportunities for growth and develop new investment activities abroad

Advisory

Over 30 years of experience at the service of companies, financial institutions and universities

Training schemes for international organisations involved in the internationalisation development process: companies, banks, professional business firms, industrial and trade associations,

universities, export credit agencies

Our sale network

Italian Network

 4 branches and 10 offices

 42 agents*

* Credit insurance, surety and construction risk businesses only

Rome Naples Pesaro Modena Venice Verona Bari Brescia Lucca Florence Monza Milan Turin Palermo

Our sale network

 8 representative offices serving the emerging economies

Total exposure1 _{by geo-economic area as at 31.12.2014}

Risks insured by geographical area

1 Exposure for the activities of SACE

42% 20% 14% 13% 9% 2% European Union

Other Europe and CIS Americas

Middle East and North Africa East Asia and Oceania

Gross premiums (€ mln)

Main economic-financial data

399 ₃₉₀ 2013 2014 Claims paid (€ mln) 402 378 2013 2014 Net profit (€ mln) 345 470 2013 2014

Shareholders' equity (€ mln)

Main economic-financial data

5,321 5,539 2013 2014 Technical provisions (€ mln) 2,519 2,358 2013 2014 Employees 717 715 2013 2014

IN THE WORLD

[email protected] • www.sace.it

HEAD OFFICE

Piazza Poli, 37\42 • 00187 Roma +39 06 67361 [email protected] BARI +39 080 5467763 [email protected] BRESCIA +39 030 2292259 [email protected] FLORENCE +39 055 536571 [email protected] LUCCA +39 0583 40071 [email protected] MILAN +39 02 434499701 [email protected] MODENA +39 059 891240 [email protected] MONZA +39 039 3638247 [email protected] NAPLES +39 081 5836131 [email protected] PALERMO +39 091581100 [email protected] PESARO +39 0721 383229 [email protected] ROME +39 06 6736309 [email protected] TURIN +39 011 3997839 [email protected] VENICE +39 041 2905111 [email protected] VERONA +39 045 8099460 [email protected] ROMANIA, BUCHAREST +40 21 2102183 [email protected]

MEXICO, MEXICO CITY

+52 55 13468813 [email protected]

TURKEY, ISTANBUL

+90 2122458430/1 [email protected]

CINA, HONG KONG

+852 3187 6853

[email protected]

SOUTH AFRICA, JOHANNESBURG

+27 11 4635131 [email protected]

RUSSIA, MOSCOW

+7 495 2582155

[email protected]

BRAZIL, SAN PAOLO

+55 11 31712138 [email protected] INDIA, MUMBAI +91 22 43473473 [email protected] IN ITALY

Customer care • +39 06 6736000