Marcegaglia Specialties is dedicated to the manufacturing and processing of stainless steel products and cold-drawn bars.

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1 March

2 Antonio Marcegaglia Chairman Chief Executive Officer Emma Marcegaglia Vice Chairman Chief Executive Officer Marcegaglia Specialties is dedicated to the manufacturing and processing of stainless steel products and cold-drawn bars. The company is part of Marcegaglia group which was founded in 1959 and, today, still fully owned by the Marcegaglia family and headquartered in Gazoldo degli Ippoliti, Mantova. March

3 Marcegaglia group at a glance OTHERS* 5,4 million ton processed yearly (2015) 10% 4,1 billion euro sales (2015) 6,500 employees 90% STEEL 1 st product range in the world, in terms of width and variety 43 plants, 60 sales offices 210 representatives 15,000 customers 6,000,000 sqm manufacturing areas * Others include metal solution for building industry, components for the Appliances Industry, Tourism and Real Estate March

4 Marcegaglia group worldwide presence Bremen Düsseldorf Praszka Kluczbork Dudley Yangzhou Lyon Barcelona Munhall Garuva Vladimir Istanbul Pune Gazoldo degli Ippoliti HEADQUARTERS Gazoldo degli Ippoliti Boltiere Lomagna Lainate Dusino San Michele Corsico Gazoldo degli Ippoliti San Giorgio di Nogaro Contino Gazoldo degli Ippoliti Tezze sul Brenta Casalmaggiore Albignasego Forlì Outsourcing inox Osteria Grande Ravenna Marcegaglia Specialties stainless productions 2013 Actual 2014 Actual 2015 Budget March

5 Marcegaglia group key features Ownership 100% Marcegaglia family Strong market presence (more than 15,000 customers) Strong company values Wide range of products Focus on quality, service, innovation High diversification of markets Obsession with growth, constant and self-financed throughout 50 years Economies of scale + production flexibility Unique strategic positioning March

6 Marcegaglia group key features UNIQUE STRATEGIC POSITIONING While not really involved in the upstream, Marcegaglia covers the entire downstream steel value chain. PRIMARY STEEL PRODUCTION IRON MAKING STEEL MAKING CASTING HOT ROLLING FIRST TRANSFORMATION PICKLING COLD ROLLING GALVANISING COATING INTERMEDIATION TUBE WELDING SECOND TRANSFORMATION PROFILING DISTRIBUTION CUTTING and SLITTING FINISHING and DISTRIBUTION STAMPING END USERS MARKET March

7 Marcegaglia Specialties at a glance STAINLESS STEEL SPECIALTY BARS Marcegaglia million Euro Marcegaglia stainless steel turnover (2014) million Euro stainless steel turnover (2014) 9 1 manufacturing plants 96 2 tube lines 830 (25 HF, 59 Laser, 12 TIG) manufacturing plant 2 A/P lines CR Mills drawing benches employees peeling machines grind lines (finishing) employees March

8 The Group structure The Group has reorganized its activities by clearly separating the core business (steel) from the diversified activities and creating three different Newcos within the Steel (Marcegaglia Carbon Steel, Marcegaglia Specialties and Marcegaglia Plates) to better pursue dedicated growth opportunities in each segment. FIN. MAR. MARCEGAGLIA HOLDING MARFIN srl Staff Corporate MARCEGAGLIA STEEL MARCEGAGLIA INVESTMENTS MARCEGAGLIA CARBON STEEL MARCEGAGLIA SPECIALTIES MARCEGAGLIA PLATES Marcegaglia Buildtech M. Perù PLANTS SALES OFFICES M. China coil division Outsourcing stainless steel division heavy plate division M. Poland pre-painted steel product division M. Turkey M. do Brasil processed flat rolled products division M. USA M. UK M. Benelux tube division cold-drawn tube division ETA division TRISIDER division Mariven M. Russia M. India Casalmaggiore plant Dusino M. France San Michele plant Lomagna plant M. Deutschland Boltiere plant cold-drawn bar division Forlì plant Contino plant Gazoldo degli Ippoliti plant (stainless steel products) San Giorgio di Nogaro plant IMAT OSKAR ELET.CA MADE HSE ETA CO.GE.AM EEG (ex Marfin) Albarella M. Gulf Italia M. Gulf Qatar M. Romania Dalmine LS San Michele Others partic. Others partic. Others partic. M. Iberica Lainate plant Osteria Grande plant Others partic. Gaia Turismo Others partic. OTHERS PARTIC. Metal Interconnector Fontana SIM Tezze sul Brenta plant Gazoldo degli Ippoliti plant (carbon steel products) Ravenna plant Corsico plant Albignasego plant Palazzo Agricoltura Gabetti Property Solution March

9 Marcegaglia Specialties: company presence The stainless steel activities can count also on the manufacturing units in China and Brasil with a dedicated production of stainless steel welded tubes. MARCEGAGLIA STEEL MARCEGAGLIA CARBON STEEL MARCEGAGLIA SPECIALTIES MARCEGAGLIA PLATES PLANTS M. China Outsourcing stainless steel division M. Turkey M. do Brasil M. USA Mariven M. Russia cold-drawn bar division Forlì plant Contino plant Gazoldo degli Ippoliti plant (stainless steel products) March

10 Marcegaglia Specialties: a unique global player in stainless steel welded tubes Contino Munhall Vladimir Forlì Istanbul Gazoldo degli Ippoliti HEADQUARTERS Yangzhou Outsourcing inox Garuva March

11 Marcegaglia Specialties: a unique global player in stainless steel welded tubes 2015 (KT/y) Flat products Welded tubes Flat bars Cold-drawn bars tot Further increase of welded tubes production is scheduled, particularly in Italy but also in the brand-new plant in Turkey. Further increase of flat products in Italy. March

12 MANUFACTURING PROCESS COLD FORMED SECTIONS AND FLAT BARS Marking WELDED TUBES FROM HOT/COLD ROLLED STRIP HOT ROLLED COILS ANNEALED AND PICKLED HOT ROLLED COILS SHEETS FROM hot ROLLED COILS STRIPS FROM HOT ROLLED COILS Annealing Straightening Pickling Marking STRAIGHTENED AND PICKLED WELDED TUBES Annealing and pickling Cold rolling Annealing and pickling Skinpass Tube forming and welding Pickling Marking PICKLED WELDED TUBES STAINLESS STEEL BLACK COILS COLD ROLLED COILS SKINPASSED SHEETS FROM COLD ROLLED COILS STRIPS FROM COLD ROLLED COILS Annealing Straightening Polishing and mirror polishing ANNEALED AND POLISHED/ MIRROR POLISHED WELDED TUBES Polishing and mirror polishing POLISHED/ MIRROR POLISHED WELDED TUBES March

13 Marcegaglia Specialties Worldwide presence Stainless steel products manufacturing plants - ITALY Contino Stainless steel bright bars Gazoldo degli Ippoliti HEADQUARTERS Stainless steel flat products Forlì Stainless steel welded tubes automotive tubes and pipes, process pipes for fluids, construction and ornamental tubes Outsourcing inox Stainless steel welded tubes construction and ornamental tubes March

14 Marcegaglia Specialties Worldwide presence Stainless steel products manufacturing plants - WORLD Vladimir - RUSSIA Stainless steel welded tubes automotive tubes and pipes, process pipes for fluids, construction and ornamental tubes Stainless steel flat products Munhall - USA Stainless steel welded tubes process pipes for fluids, construction and ornamental tubes Garuva - BRAZIL Stainless steel welded tubes automotive tubes and pipes, process pipes for fluids, construction and ornamental tubes Istanbul - TURKEY Stainless steel welded tubes polished tubes / decoration and corosion tube sector Yangzhou, CHINA Stainless steel welded tubes automotive tubes and pipes, process pipes for fluids, construction and ornamental tubes March

15 Marcegaglia Specialties: a unique global player in stainless steel welded tubes Global product range min. thickness mm 0.40 max. thickness mm 6 min. diameter mm 5 GW541 max. diameter mm 508 AD 2000 W2/W10 March

16 Marcegaglia Specialties: other products Stainless steel coils and sheets 1D and 2B finish hot rolled steel (1D finish): from 2 to 6 mm thickness yearly capacity of 500,000 tonnes cold rolled steel (2B finish): up to 1,500 mm length yearly capacity of 250,000 tonnes Flat bars: from 10x2 mm up to 200x12 mm Cold-drawn bars: from 5 mm up to 150 mm diameter March

17 Marcegaglia Specialties: quality strategy Each plant can ensure the same quality level of product and service, thanks to Marcegaglia Specialties shared knowledge base, shared quality procedures and learning activities, and the same mills suppliers. Continuous process of technological upgrade and product development Marcegaglia Specialties in a proactive role to promote the right stainless steel grade in accordance with actual application requirements: eg. ferritic grades in substitution to austenitics for handrailing, etc. March

18 Marcegaglia Specialties: a unique global player in stainless steel welded tubes Marcegaglia Specialties today is the world s top manufacturer of stainless steel welded tubes, with a yearly capacity of 500 thousand tonnes. Some applications: automotive food and dairy, drinkable water household appliances chemical and petrochemical pharmaceutical heat exchangers (e.g. feedwater heaters) building and construction furniture and decoration March

19 Marcegaglia Specialties: a unique global player in stainless steel welded tubes Throughout the years, Marcegaglia Specialties has also developed a specific know-how in automotive stainless tubes for exhaust systems (manifold, front and center pipes, flexible joints, catalytic shells, mufflers, tail pipes) and for hydroforming applications, as well as custom-designed box sections for bus frames and other structural applications in the commercial vehicle industry. March

20 The growth guidelines FOCUS ON PROJECTS/END USERS AUTOMOTIVE TUBES growing presence in the automotive market in countries with high growth potential PROCESS PIPES - Heat Exchangers - Feedwater Heaters - Power Plant Evaporators - Boiler Tubes - Press Fitting - Thin Wall Small Tubes in Ferritic - Duplex and Exotic Grades March

21 The growth guidelines: Marcegaglia Specialties on the exhaust system markets The first 3-4 key players in manufacturing of exhaust systems are Europe-based with global activities. Marcegaglia Specialties aims to become the only global player in stainless steel welded tubes. Marcegaglia Specialties production units - Italy, US, and Russia* - are strategically located to serve these key automotive districts. * India project under evaluation March

22 The growth guidelines Marcegaglia Specialties gives the same great importance to the supplier as to the customer and human resources. For this reason, we have chosen to co-operate with a limited number of selected suppliers, with focus on long-term partnerships on industrial basis. March

23 thank you via Bresciani, Gazoldo Ippoliti, Mantova - Italy info.specialties@marcegaglia.com