COMPANY PROFILE April 2014 Enerray Maccaferri Industrial Group Track Record ABOUT US Portfolio of clients with internatio nal brand Part of 130 years old history industrial group Strong financial credibility Strong know-how and consolidat ed track record Established partnership with worlwide suppliers Capability to operate in any countries Established relationship with electrical authorities Enerray S.p.A. – founded in 2007 and entirely controlled by SECI Energia, Gruppo Industriale Maccaferri – is leader in the design, development and management of medium and large photovoltaic plants. Enerray’s EPC and O&M services are based on a well established and continuously growing experience, acquired on various plants and on an overall power of about 180 MWp. This experience made of Enerray a bench-mark in the italian photovoltaic market. Enerray’s know-how, together with the belonging to the Maccaferri Industrial Group, with more than 130 years history and 53 production plants worldwide, make of Enerray a reliable partner both from a financial and a technical prospective Enerray, with headquarters in Bologna has been increasing its presence worldwide since 2011 when its internationalization process had begun. PV INSTALLATIONS Since 2007, Enerray has installed photovoltaic systems of any kind. Starting to build, before than anyone else, not just on ground but also on roof, Enerray differentiated itself from its competitors in the italian market. Having its first clients in the Macceferri Group subsidiaries, Enerray gained immediately the know-how and the technical skills to install PV systems on rooftops. Listed below are some of Enerray's main figures: GROUND CARPORT ROOFTOPS GREENHOUSES About 180 MWp installed Installed power for single plant going from 50 kWp up to 15.000 kWp More than 200 plants installed Leader in the italian market for rooftop installations (any kind of roof, also roof remake and asbestos removal) 105.000 tons of CO2 avoided 195 million KWh produced (consumption of 60.000 families) OPERATION & MAINTENANCE Our central control room is located in Bologna where the the main parameters of an operating PV plant are monitored and all the O&M activities are coordinated Enerray manages logistic warehouses located throughout the country for the availability of spare parts During the whole duration of the O&M contract, Enerray performs corrective maintenance of the plant. The corrective maintenance includes all activities required for repairing, rehabilitating and replacing any defects in the system in order to optimize the operation of the plant All plants are monitored 7 days per week for 24 hours and our technicians will be on site within 24 hours in case of any technical problems. Thanks to the permission of the inverter manufacturers that work with us, Enerray can perform "first-level" interventions on the inverters ENERRAY IN ITALY Following the concept of a fully turn-key solution, Enerray provides to its clients 20 years long O&M contracts to guarantee the maximum performances of the installed PV plants during its the whole life In 2012 Enerray was ranked as 1st player in terms of Italian managed portfolio. The figure was published by Energy&Strategy Group, an independent institution run by the Politecnico di Milano School of Management 195 132.1 118.5 32 Localization of our PV system installed (December 2013) 1.2 5 2007 2008 12.3 2009 2010 2011 Accumulated Installed Power (MWp) 2012 2013 ENERRAY GLOBAL FOOTPRINT ENERRAY, DELIVERING SOLAR POWER ACROSS THE WORLD HEADQUARTERS (established in 2007) OPERATIVE SUBSIDIARIES (established in 2011/2012, Mexico in 2014) SUBSIDIARIES IN START-UP PHASE PLANTS UNDER CONSTRUCTION ENERRAY AT A GLANCE Quality Management Planning This phase includes tailor-made project planning, profitability review, production forecast and financing scheme Quality is a top priority at Enerray. Standardizided process managed throught SAP, qualified electricians and our experience in the costructions of rooftop photovoltaic plant ensure the best quality of every Enerray system. Procurement & Logistic Enerray carefully selects each component on the global market, ensuring the best quality, reliability and costs ratio Installation Enerray provide a service on turn-key basis including, among others, the rackings installation, modules positioning, DC and AC wiring and the main connections Operation Service The Company experience provides to Clients an high quality maintenance that guarantees a long.lasting PV System with a tangible performance Enerray services include real time remote monitoring, analysis and evaluation of performance data as well as administrative assistance ORDER MANAGEMENT TIMELINE BUSINESS OPPORTUNITY SIGNATURE OF THE EPC and O&M CONTRACT END OF INSTALLATION AND PAC SIGNATURE PRELIMINARY PHASE 1. Sales Department: first contact with the client 2. Technical Department: site visit and preliminary design 3. Sales Department: editing of the offer and contracts negotiation INSTALLATION PHASE 4. Administrative Office: opens the order in SAP and issues the purchase request for the PV system components 5. Purchasing Department: negotiate and sign the contract with Enerray's subcontractors 6. Technical Department: - supports the client in the authorization process and edits the definitive design - once achieved all the permits to build the PV system, edits the executive design - a dedicated Project Manager supervises and manages all the installation process 7. Sales Department: assist the Technical Department in the relation with the Client DECOMMISSIONING 8. Technical Department: edits the PAC and Client signs it. From this moment the O&M contract is activated 9. Administrative Office: issues the last invoice fo the EPC contract OPERATION AND MAINTENANCE 10. O&M Department: manages the good operation of the PV system and assists the Clients during the whole life of the plant Enerray Maccaferri Industrial Group Track Record MACCAFERRI INDUSTRIAL GROUP Business Sectors SECI HOLDING Environmental Engineering Mechanical Engineering Real Estate and Construction Energy Food and Agribusiness Tobacco Biotechnology MACCAFERRI INDUSTRIAL GROUP Figures 2012 18 11 4 9 1 10 Consolidated turnover 2012 No. of employees worldwide Industrial facilities 1,366 million Euro 4,668 53 Breakdown by geographical area Italy revenues 657 EU revenues 139 Extra EU revenues 570 Total revenues 1,366 MACCAFERRI INDUSTRIAL GROUP Turnover 2012 2011 2012 1.371 1.366 Environmental Engineering 439 479 Mechanical Engineering 102 89 35 28 Energy 259 228 Food and Agribusiness 425 422 Tobacco 85 90 Biotechnology 26 * 30 * Consolidated group turnover of which Real Estate and Construction *50% consolidated from 2010 Enerray Maccaferri Industrial Group Track Record TRACK RECORD Localization Montechiarugolo (Parma) Localization Marcaria (Mantova) Localization Toscanella di Dozza (BO) Localization Trecasali (Parma) Localization Power Power Power Power Power 998,76 Wp 996,87 kWp 996,87 kWp 4.491,94 kWp 214,5 kWp Localization Lugo (Ravenna) Localization Remedello (Brescia) Localization S. Margherita Belice (Agrigento) Localization Vigarano Mainarda (Ferrara) Localization Maranello (Modena) Power Power Power Power Power 3.680,880 kWp 1.617,00 kWp 5.645,42 kWp 1530,58 kWp 198,88 kWp Localization Localization Localization Localization Localization Bassano Bresciano (Brescia) Brescia S. Giorgio di Piano (Bologna) Celano (Aquila) Noventa Padovana (Padova) Power Power Power Power Power 901,60 kWp 996,87 kWp 514,14 kWp 948,125 kWp 1.517,76 kWp Montelabbate (Pesaro Urbino) TRACK RECORD Localization Serra Mesagne (Brindisi) Localization Lucca Localization Viarolo (Parma) Localization Reggio Emilia Localization Power Power Power Power Power 9.446,64 kWp 1.827,12 kWp 825,33 kWp 596,08 kWp 3.217,50 kWp Localization S. Pietro Mosezzo (Novara) Localization Pognano (Bergamo) Localization Imola (Bologna) Localization Guagnano (Lecce) Localization Trecate (Novara) Power Power Power Power Power 3.246,42 kWp 1.878,765kWp 221,40 kWp 997,92 kWp 441,375 kWp Localization Localization Localization Localization Localization Monopoli (Lecce) Reggio Emilia Budrio (Bologna) Vigarano Mainarda (Ferrara) Masseria Nuova (Lecce) Power Power Power Power Power 997,92 kWp 971,52 kWp 1.983,4kWp 1.530,58 kWp 997,92 kWp Brescia TRACK RECORD Localization Localization Localization Localization Localization Martinengo (BG) Suzzara (MN) Power Power Barletta Fasano (BR) Power Power Monsano (AN) Power 995,405 kWp 955,35 kWp 773,87 kWp 1.439 kWp 877,78 kWp Localization Localization Localization Localization Localization Sarmato (PC) Reggio Emilia San Giorgio di Piano (BO) Castel S. Pietro Terme (BO) Russi (RA) Power Power Power Power Power 2.455,75 kWp 536,04 kWp 1.285,62 kWp 999,58 kWp 449,82 kWp Localization Localization Localization Localization Localization Ferrara Pianoro (BO) Calderara di Reno (BO) Zola Predosa (BO) Neviano (PR) Power Power Power Power Power 878,43 kWp 947,1 kWp 90,82 kWp 499,33 kWp 996,87 kWp TRACK RECORD Localization Localization Localization Localization Localization Osimo (AN) Borgo Tufico (AN) Power Power Pietrafitta (FG) Coriano (RN) Power Power Lucca Power 14.963 kWp 359,24 kWp 216,2 kWp 576 kWp 652,8 kWp Localization Localization Localization Localization Localization Sirolo (AN) Saline (AN) Surbo (LE) Viarolo (PR) Campi Salentina (LE) Power Power Power Power Power 991,93 kWp 975,66 kWp 999,9 kWp 3.848,51 kWp 996,97 kWp Localization Localization Localization Localization Localization Milazzo (ME) Arzano (NA) Dolzago (LC) Curtarolo (PD) S. Lorenzo in Campo (PU) Power Power Power Power Power 693 kWp 813,12 kWp 498,01 kWp 215,25 kWp 996,87 kWp Enerray S.p.a. via Kennedy, 10 40069 Zola Predosa (BO) Italia P +39 051 6162611 F +39 051 6162640 info@enerray.com www.enerray.com