Stamicarbon Company Profile November 2014

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Group Overview

Stamicarbon profile

Urea market

Licenses sold worldwide

Focus on full lifecycle support

Products and services

Innovation

Why Stamicarbon?

*referred to Tecnimont Group **overall value of the Habshan 5 project, MT share is 50%

GROUP OVERVIEW: Facts & Figures

Focus on Oil&Gas Petrochemicals Fertilizers

Flexible Business Model offering advanced skills in Licensing, Engineering Services, EP (Engineering & Procurement), EPC (Engineering, Procurement & Construction)

Zero Incident Target Safety Culture

US$ 4.7bn**

The largest gas treatment plant under completion in Abu Dhabi (UAE) on a Lump Sum Turn Key (LSTK) basis

0.02* Total Recordable Incident Rate

vs 0.38 industry

benchmark

Energy Business

Development &

Ventures

Engineering &

Construction (E&C)

Technology &

Licensing

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Ø

GROUP OVERVIEW: Global & Technological Leadership

in Licensing hydrogen technology (with single train capacity up to 180,000 Nm3/h) and in licensing Sulphur Recovery and Tail Gas Treatment Technology (with design capacity of single train up to 1,500 t/d)

Well recognized

position

Top International Design Firms List*

Over 1000

Individual Patents

#9

30%

Market share in polyolefins** (#1 worldwide as per capacity installed in the last 6 ys), including a 40% in LDPE (Low Density PolyEthylene)

54%

34%

Market share in licensing urea plants technology (#1 worldwide)**

Market share in licensing urea granulation technology (#2 worldwide)**

4

95

68

Since 1924 the Group completed:

Ammonia plants

Urea plants

**management estimate

*2013 ENR Sourcebook, Petroleum section “Refineries and Petrochemical Plants” – December 2013

1958

Incorporation of ICB Pvt Ltd as

consulting firm in the plant

sector in Mumbai

1977

Creation of the first JV

between ICB and Tecnimont

1973 Incorporation of TECNIMONT

1966 Incorporation of MONTEDISON

1884 EDISON Power Supply

1899 FIAT GROUP

2004 Acquisition of Fiat Engineering (later MAIRE ENGINEERING)

1972 Incorporation of FIAT ENGINEERING

Oct 2005 Nov 2007

Incorporation of MAIRE TECNIMONT Listing on the Italian Stock

Exchange

1963 Giulio Natta Nobel Prize for chemistry

2002 Acquisition of FIAT Avio’s Electric Design & Construction Business

1888 MONTECATINI Mines and Chemicals

then focused on

Fertilizers (G.Fauser) Polypropylene (G.Natta)

Dec 2007

1990s

Tecnimont acquires 50% of the

Indian company renamed as

Tecnimont ICB Pvt Ltd (TICB)

2005 Maire Group acquires Tecnimont

Tecnimont ICB:

Over 5 decades of excellence

Among the largest E&C companies in India

Centre of Excellence for the Group - engineering centre/EPC contractor for selected projects

Benchmark quality & cost efficiency

Highly skilled personnel

Electrical & Instrumentation (E&I) installation excellence

Acquisition of 100% of TICB India, now fully owned and

integrated in the Group

GROUP OVERVIEW: Key Milestones (1/2)

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New Milan Offices:

2 Towers +1 Service Building (tot 69,000 sqm)

About 2,000 employees when fully operational

Effective competences integration and cross fertilization among BUs

1947

Incorporation of

STAMICARBON

Chemical and Fertilizer

licensing

1937

Dutch State Mines – DSM

research centre for services

work to coal mines

Oct 2009

Acquisition of Stamicarbon

Acquisition of Technip KTI

(later KT)

Jun 2010

1971

Kinetic Technology Int. - KTI

More than 40 years of

experience in process engineering

1988 Mannesmann acquired KTI

1999 Technip Italy acquired KTI

2011 - 2012

Reorganization of Italian HQs

LAUNCH OF THE NEW BUSINESS STRATEGY

From 2013 on

GROUP OVERVIEW: Key Milestones (2/2)

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More than 4,300 employees, half of whom are employed outside Italy

Presence in about 30 countries with 45 operating companies

Figures as of 30 September 2014

Subsidiaries, branches and representative offices

Headquarters Main Offices

EXTENSIVE INTERNATIONAL PRESENCE: Our Employees

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Milan

Mumbai

Rome

Sittard

Salzgitter

EMPLOYEES BY COUNTRY

Italy 1,952

Milan 1,424

Rome 427

Others 101

Rest of Europe 285

The Netherlands 115

Germany 42

Others 128

Asia 2,054

India 1,680

Rest of Asia 374

South America 18

Africa 2

Total 4,311

Average age: ~ 41 years Approximately 58% graduates

COMMITMENT FOR HEALTH AND SAFETY

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Environment, Health and Safety Management System as core value and personal

commitment

Integrated HSE Management System constantly reinforced, diffused, checked and upgraded

with results considerably higher than international standards

Maire Tecnimont Group Safety 2013 (based on approx. 57.9 million hours worked on-

site)

International Reference Benchmarks

KPI*

Maire Tecnimont

Oil&Gas Producers 2012 Contractor data (1)

Construction Industries Institute - CII (2)

LTIF (OSHA – Lost Time Injury Frequency)

0.003 0.10 0.06

TRIR (OSHA - Total

Recordable Injury Rate)

0.02 0.38 0.45

Maire Tecnimont safety performances: zero incident targets

8 (*) KPI - Key Performance Indicator (1) Source: International Association of Oil & Gas Producers - Report No 2012s June 2013 - Safety Performance indicators - 2012 data - Contractor aggregated data (2) Source: CII – Benchmarking & Metrics Program – 2011 Safety Report – Aggregated data Contractors 2010 (BMM 2011 02 October 2012)

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STAMICARBON: TECHNOLOGY LICENSING BUSINESS

Official Intellectual Property and Licensing center for the whole Group

Located in the Netherlands, offering

advanced technology services

worldwide

Over 65 years experience in

designing and innovating the urea

manufacturing process

Leading in urea with more than 250

urea plants licensed worldwide; more

than 50% world market share in

urea technology licensing both in

grass roots and revamps, and 32%

world market share in urea

granulation technology licensing

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LICENSES SOLD WORLDWIDE

Licenses sold

Stamicarbon Offices

Main Office: Sittard, The Netherlands

Moscow

Beijing

UREA MARKET

Synthesized from ammonia and carbon dioxide and mainly used as fertilizer (90%)

The most used fertilizer in the world:

• highest nitrogen content (46%)

• lowest transportation cost

Other applications are feedstock for melamine, biofuels and NOx reduction

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Urea is the world’s most widely produced chemical (170 million t/y)

PRODUCTS AND SERVICES (1/2)

Licensing Urea synthesis technology

• Urea 2000PlusTM technology

• Avancore® technology

• Urea Mega Plant technology

• UAN technology

Licensing Urea finishing technology

• Prilling

• Fluid Bed Granulation

• Rotoform urea pastillation

Full Life Cycle Support

• Plant improvement

• Equipment & Plant inspections

• Troubleshooting, both mechanical and operational

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PRODUCTS AND SERVICES (2/2)

Process Design Package

Revamping existing plants

Plant commissioning support

Equipment procurement services

Supply of critical equipment

Process control & optimization solutions

Feasibilities studies

Plant staff training

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FOCUS ON FULL LIFECYCLE SUPPORT

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Start-up

Construction

Procurement

Engineering

PDP Stamicarbon

Sales

Advice for Inspection program

Plant inspections (Turn around)

Repairs

Life study

Extend life

Equipment replacement

AFTER SALE SERVICES

Optimization troubleshooting process evaluation

Debottlenecking to meet company strategy

Revamp projects

Stamicarbon

Contractor

Stamicarbon

Stamicarbon

License agreement

INNOVATION

• research institutes

• suppliers

• customers

This has lead to breakthrough innovations:

• Urea 2000plus™ Technology

• AVANCORE® urea process (introduced in 2008)

• The Mega Plant Technology

• Urea Granulation Technology (fluidized bed type)

• Safurex® stainless-steel material (together with Sandvik)

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The leading position is the result of its continuous high-quality innovations in close cooperation with:

Stamicarbon owns more than 90 patent families registered in many countries around the world, with a total of 1000 individual patents

GLOBAL UREA MARKET & STAMICARBON SHARE

Capacity share 2008-2012

Urea granulation plants*

Capacity share 2008-2012 Urea synthesis plants - grass

roots *

* Percentages are capacity based

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Saipem

30%

TEC 11%

Stamicarbon 53%

Saipem (Snamprogetti); TEC: Toyo Engineering Corporation; UFT: Uhde Fertilizer Technology

UFT 48%

TEC 20%

Stamicarbon 32%

Chinese companies 6%

REFERENCES : UREA SYNTHESIS PLANTS WITH POOL CONDENSER / POOL REACTOR – In Operation

Year Client Type/Capacity Contractor

1994 KAFCO, Bangladesh pool condenser, 1725 mtpd Chiyoda

1997 ZEPU, China pool condenser, 1050 mtpd (now 1500) Local contractor

1998 DSM, The Netherlands pool reactor, 1150 mtpd Uhde

2001 CNOOC, China pool condenser, 2700 mtpd KBR

2001 Bandar Assaluyeh I, Iran pool condenser, 3250 mtpd Chiyoda

2001 Qafco IV, Qatar pool condenser, 3200 mtpd (now 3550) Uhde

2002 Tedjen, Turkmenistan pool reactor, 1050 mtpd Uhde

2002 Kermanshah, Iran pool condenser, 2000 mtpd MWKL/Kawasaki

2003 Safco IV, Saudi Arabia pool condenser (S), 3250 (now 3740 mtpd) Uhde

2004 Bandar Assaluyeh II, Iran pool condenser (S), 3250 mtpd Chiyoda

2006 Fatima, Pakistan pool reactor (S), 1500 mtpd Kawasaki

2006 Jianfeng Chemicals, China pool condenser (S), 2700 mtpd Local contractor

2007 Sorfert, Algeria pool condenser (S), 3450 mtpd Uhde

2008 Yara, Netherlands pool condenser (S), 3500 mtpd Uhde

2008 Cherepovetsk, Russia pool reactor (S), 1500 mtpd Chemoprojekt

2008 Hulunbeier, China pool condenser (S), 2860 mtpd Wuhuan

(S) = Safurex material

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REFERENCES : UREA SYNTHESIS PLANTS WITH POOL CONDENSER / POOL REACTOR-Under Construction

Year Client Type/Capacity Contractor

2008 Golestan, Zanjan, Lordegan, Iran pool condenser (S), 3x, 3250 mtpd Local contractor

2008 Pequiven, Venezuela pool reactor (S), 3x 2200 mtpd Tecnimont

2009 Shaanxi, China pool reactor (S), 1760 mtpd Local contractor

2009 Ruwais Fertilizer, UAE pool condenser (S), 3500 mtpd Uhde/Samsung

2010 Turkmenhimiya, Turkmenistan pool condenser, 2000 mtpd Kawasaki

2010 Petrobras, Brazil pool condenser, 3600 mtpd Unknown yet

2010 Tierra Del Fuego, Argentina Avancore (S), 2700 mtpd Chengda

2010 Bodashidi, China pool condenser (S), 2860 mtpd Local contractor

2011 Hengang Huahe, China pool reactor (S), 1860 mtpd Local contractor

2011 KIMA, Egypt pool reactor (S), 1575 mtpd Tecnimont

2011 Pardis, Iran pool condenser (S), 3250 mtpd Tecnimont

2011 BCIC, Bangladesh pool reactor (S), 1760 mtpd Chengda

2012 CF Industries, USA pool condenser (S), 2x 3490 mtpd Uhde

2012 Erdos, China pool condenser (S), 2860 mtpd Chengda

2012 Linggu, China pool condenser (S), 2700 mtpd Chengda

2013 OCI (IFCo), USA pool reactor (S), 2200 mtpd Client

2013 Koch Nitrogen, USA pool reactor (S), 2200 mtpd KBR

2013 Socar, Azerbaijan pool reactor (S), 2000 mtpd Samsung Engineering

(S) = Safurex material 18

REFERENCES: GRANULATION PLANTS

Year Client Type/Capacity Contractor

1996 Grodno, Belarus 280 mtpd Local contractor

2003 Agrium, Canada 2 x 625 mtpd Local contractor

2003 EFC II, Egypt 2000* mtpd Uhde

2003 Alexfert, Egypt 2000 mtpd Uhde

2003 Helwan, Egypt 2000 mtpd Uhde

2006 Grodno Azot, Belarus 1200 mtpd Chemoprojekt

2007 Novomoskovsk, Russia 2000 mtpd Chemoprojekt

2007 EAgrium, Egypt 2 x 2000 mtpd Uhde

2008 Novomoskovsk, Russia 1400 mtpd Chemoprojekt

2008 Golestan, Lordegan, Zanjan, Iran 3 x 3600 mtpd Local contractor

2008 Pequiven, Venezuela 3 x 2200 mtpd Tecnimont

2010 Tierra Del Fuego, Argentina 2700 mtpd Chengda

2011 KIMA, Egypt 1575 mtpd Tecnimont

2011 Pardis, Iran 3250 mtpd Tecnimont

2012 BCIC, Bangladesh 1760 mtpd Chengda

2013 Koch Nitrogen, USA 2676 mtpd KBR

2013 Azomures, Romania 1425 mtpd Chemoprojekt

Note: Stamicarbon granulation technology works and can be made available with every urea melt technology

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WHY STAMICARBON?

Cost competitive

Largest number of references: over 250 urea plants in 55 years

Largest number of ammonia and EPC sourcing possibilities

Wide range of services from cradle to cradle: Full life-time commitment

Simple thus reliable design thanks to unparalleled synthesis conversion

Best corrosion-resistant material for HP synthesis: Safurex®

Granulation technology allowing for substantial cost savings

Reputed for innovations, 1st in: - Air passivation enabling use of stainless steel - HP stripping - Economical steam consumption - CO2 stripping - Elimination of ammonia recycle - HP Pool Condensation / Reaction - Elimination of hydrogen from feedstock - Elimination of need for passivation (Safurex® steel)

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Sittard - Headquarters Mercator 3

6135 KW Sittard The Netherlands

Ph. +31 46 4237070 Fax +31 46 4237001

www.stamicarbon.com

Beijing Room 3503, floor 35th, Jingcheng Mansion, No.6 Xin Yuan Nan Road, Chao Yang District

100004 Beijing P +86 10 84862886 F +86 10 84862836

ying.liao@stamicarbon.com www.stamicarbon.cn

Moscow

Naberezhnaya Tower, Block B 10, Presnenskaya Naberezhnaya, 8th Floor, Office Maire Tecnimont

123317 Moscow Russian Federation

Ph. +7 495 7306316 Fax +7 495 7306313

semen.evreinov@stamicarbon.com www.stamicarbon.ru

info@stamicarbon.com – www.stamicarbon.com