Modulblok SpA, VAT IT , Address Via Vanelis 6, Castellerio di Pagnacco (UD), Web

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1 Modulblok SpA, VAT IT , Address Via Vanelis 6, Castellerio di Pagnacco (UD), Web

2 Introduction Name and registration MODULBLOK Spa is registered at the Economic and Administrative Index of Udine under No Location The company registered office and administrative headquarters are located at 6, via Vanelis, in Pagnacco (Udine). The Company has two manufacturing plants as follows: - Pagnacco Facility, 6, via Vanelis (Udine): Superficial area: 10,479 sq m. Covered area: 3,315 sq m. - Amaro Facility, Industrial Area (Udine): Superficial area: 33,530 sq m. Covered area: 14,500 sq m. Web Site Vision and Mission Since 1976, Modulblok S.p.A. operates in the Storage Systems sector. The experience acquired on the Italian and foreign markets, with thousands of companies served, place it among the leaders in Warehouse Logistics. The manufacturing facilities in Pagnacco and Amaro (Udine - Italy) employ 150 workers and have available a covered area of 18,000 square meters. Since its incorporation, Modulblok S.p.A. pursues the goal of becoming an authoritative point of reference in the field of the Warehouse Logistics. Our aim is to enable Customers to reduce their overhead costs through original and innovative solutions for an organized, safe and efficient warehouse. We believe that continuous improvement, both for us and for our Customers, is a pressing need and an ethical obligation with a strong impact on the physical and moral welfare of the Company. Warehouse Logistics occupies a strategic position in the supply chain: in forwardthinking Companies, the new culture of avoiding waste, pollution and non-productive - 2 -

3 activities is taking on a growing role. Modulblok S.p.A. shares with enthusiasm and conscious participation this new vision and it contributes with its expertise and technical knowledge to the pursuit of this worthwhile goal. An efficient and safe warehouse is part of such dynamic evolution, contributing to raise the level of organization of the overall production and distribution. Modulblok S.p.A. achieves its purpose in a transparent and rigorous manner by implementing and continuously improving its corporate structure, offering and demanding to meet high quality standards inside and outside the company, stimulating curiosity, safeguarding the health of its workers and enhancing every aspect of human resources. It pursues profitability well aware that without it, there is no possibility of development, but giving priority to safety and social justice for both its Customers and employees. It is committed to allocate a portion of its profits for use within the Territory and it speaks out against social injustice and intolerance. It offers, using every means at its disposal, visibility and protection to Customers, Employees, Suppliers-Partners and Organizations within the territory through its methods of operation and it gives effective proof of it through third party organizations involved in the inspection and certification processes that confirm its behaviors. It is particularly sensitive to the improvement and cultural growth of its employees encouraging personal, technical and human growth. It promotes within its resources, research, study, technical and human evolution of thought, supporting young people entering the labor market also through internships. It is available to share its knowledge and it is open to exchanges between Companies. It is committed to observe under all circumstances the ethical principles and values that have always distinguished its work

4 History History Incorporation of the sole proprietorship by Giordano Bruno Petrei The growth that will make it join the leaders in the field of Warehouse Logistics begins Modulblok changes from a sole-proprietorship to a partnership (S.n.c.) The company becomes a Limited Liability Corporation (S.r.l.) Modulplast incorporation It becomes a member of ACAI. It acquires the CISI mark for Quality and Safety Launch of the cantilever product, featuring a highly innovative process Modulblok financial statements are certified by Trevor Sas Merging through acquisition of Modulplast into Modulblok Modulblok is converted into a joint stock company (SpA) UNI EN ISO 9001:2000 Certification for quality management Incorporation of Uniblok S.r.l Incorporation of Rentalblok S.r.l Italian National Standard Institute (UNI) registration Modulblok adopts Lean Thinking and TPM Modulblok becomes a member of Cuoa Lean Enterprise Center UNI EN ISO 9001:2008 Certification It acquires control of mbt Engineering S.r.L Safety management certification: OHSAS 18001: Lean Thinking is applied to the Office area. today - Innovation remains the heart of the Company - 4 -

5 Company Data Corporate Purpose The company operates in the field of industrial logistics designing and manufacturing industrial metal racking and storage systems. Share Capital Share Capital of 3,060,000 fully paid up Management and Control BOARD OF DIRECTORS Giordano Bruno Petrei Maurizio Santon Francesco Pistorello Mauro Savio Luigi BaraEolo Chairman and Chief Execu5ve Officer Vice Chairman and Managing Director Adviser Adviser Adviser BOARD OF AUDITORS Franco Marcuzzi Paolo AntonuF Barbara Donda Chairman Regular Auditor Regular Auditor Partners and subsidiaries "#$%&'()*+*%*(,""&-(""# "#$%&'&()*+,-,&,*.##(/*""# "#$%&'(&))*(&'$+,*,-,$.&&/0$""# - 5 -

6 Production Technical manufacturing processes Manufacturing processes make use of highly innovative technologies featuring proprietary know how. Planning, design, calculation and static tests are carried out by technical staff equipped with the most advanced software for development, estimation, calculation and BOM generation. In addition, Modulblok makes use of the Toyota Production System (TPM) and Lean Production methods in order to minimize inefficiencies and reprocessing and to offer to the clients a high quality and high performance product

7 Products The company operates in the industrial racking and storage systems sector. Nowadays, the use of industrial metal racking is growing because of the strong push to rationalize logistics and storage systems (warehouse robotization and automation). In addition, Modulblok proposes products integrated by an advanced design and logistics consulting service, capable of offering solutions to complex warehousing issues. This strategic ability uses a NETWORK of partner companies that are either partially owned or subsidiaries of the Company. PALLET-RACK: heavy racking (pallet-rack) featuring different static, gravity flow, drive-in and self-bearing joints; SHELF-RACK SYSTEM: Light racking (shelf-rack) designed for picking is split between EASYBLOK and REX; CANTILEVER: Cantilever racking for long items and oversized items; MODULEVER: light cantilever racking; PLATFORMS: locked platforms (for average bearing distances and capacity); industrial platforms (with hot rolled beams); open pressed - profile (molded beams and columns); MOBILE RACKINGS: a system called "MOBYBLOK" featuring movable carts; AUTODRIVE: a semi-automatic DRIVE-IN storage system; SPECIAL PROJECT: special automated and self-bearing racking projects. They are subdivided in SELF-CARRING STRUCTURES, fixed storage structures where racking also support cladding and walls, and AUTOMATIC SYSTEMS, storage facilities equipped with automatic picking machinery

8 Pallet Rack Shelf Rack System Modulever - 8 -

9 Cantilever Platforms Mobile Rackings - 9 -

10 Special Project

11 Market Reference Market The reference market is plant engineering for the industrial storage sector, better identified by the most qualified analysis companies as the STORAGE SYSTEM sector. It subdivides the business in Industrial Racking areas and Automated Warehouse areas and in recent years it enjoyed continuous expansion driven by the growing attention to the optimization of inventory management, which requires efficient and rational systems to manage space and picking activities. In particular, the Automatic Warehouse AREA is the one that experienced the best performance in the recent years. Competitive position Modulblok is an Italian leader in the field of industrial racking thanks to its CANTILEVER and PALLET RACK products. Modulblok s strategy for the next 3-5 years is strongly focused on expanding the Company s presence in the AREA of SELF BEARING AUTOMATED WAREHOUSES, namely the Special Project, thanks to the expertise acquired and the management skills shown in the Market. For this purpose, by incorporating mbt Engineering in Treviso (of which it is partial owner at 53%), it created a network of leaders in the field offering a qualified presence in all sectors; a highly innovative operating tool that integrates the knowledge of logistics and allowing the Company to serve large business clients (now confused by the fragmentation of the offer) as a Partner capable of finding solutions to complex warehouse logistics issues

12 Organization

13 Turnover 34,7 31, ,5 30,1 27,5 24,6 23,5 21,3 21,2 20,1 18, ML di