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Page 1: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

www.ludoil.it

Company Profile

Page 2: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired
Page 3: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired
Page 4: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

We are one of the

largest oil groups in

Italy. We integrate

sustainability into our

businesses by

reducing the

impacts on the

Planet.

3

Page 5: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

We are one of the largest private operators in the distribution of energy products. For over fifty years we have been contributing to the mobility of the country with energy and expertise. We use state-of-the-art techniques with particular attention to the environmentand those around us. We operate throughout the country, in various businesses, guided by the experience and enthusiasm of all our employees.

Our work is focused on strengthening our skills by pursuing the UN’s Sustainable Development objectives to transform the world in which we all live. Alongside the green challenge and energy products, particularly oil products, we are a fashionable company. That’s how we like to define ourselves. We are the owners of the high fashion brand Frankie Morello Milano. Style and differentiation are the assumptions and synthesis of our business.

About us

We generate economic and environmental innovation to benefit the entire community. We pursue value creation through sustainable and inclusive business models by harmonizing social and business objectives.

We are a client-centric company: our clients’ needs are assessed in every business process. We design and manage a superior consumer experience, dictated by conscious consumer behaviour and choices.

Openness, communication and responsibility: we give full access to information about the oil group and its activities to all stakeholders. We use transparent governance that leaves any abnormal behaviour aside.

WE GENERATE INNOVATION

CLIENT IN THE CENTER

TRANSPARENCY & INTEGRITY

Ourvalues

4

Page 6: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

THE GROUP

ACQUISITIONS

History

GREEN ECONOMY

19982001

20092011

20122013

People, technology, know-how.

5

Our owner, Donato Ammaturo, founded Ludoil in 1998, mainly dealing with the wholesale of diesel. Today we are one of the largestoil groups in Italy. We market and distribute petroleum products, gasoline and diesel, LPG and methane throughout the country. We incorporated the the Darm Petroli Group in 2001 to consolidate, in the company structure, the two most important sales channels: theRetail channel and the Wholesale channel. The Retail channel is made up of fuel petrol stations located mainly in southern Italy, while the Wholesale channel focuses on the activities of our bonded warehouse and the sale of refined products to private customers.

We work to acquire fuel distribution networks on the Italian market. With Ludoil Re we pursue a commercial policy with more than 150petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired 54 petrol stations from Shell and 22 from Q8.

In 2012 the Ludoil Group undertook a strategy aimed at the greeneconomy. Every year we promote green investments to build wind and photovoltaic farms with our subsidiary Windfinder. But alongside the green challenge, we have entered into agreementswith overseas governments, obtaining concessions for geophysical exploration for new oil extraction.

AQUISITIONS

We work to acquire retail service station networks on the Italian market. With Ludoil Re we pursue a commercial policy with more than 150 petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired 54 petrol stations from Shell and 22 from Q8.

Page 7: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

BONDED WAREHOUSE

2014

DIVERSIFICATION

FUTURE

2016

20182020

6

HISTORY

In 2014 we acquired from Unicredit the Sensi family assets of Italpetroli’s coastal deposits in Civitavecchia and Vibo Valentia. In the Civitavecchia bonded warehouse, various projects are underway to expand the terminal, such as a new container terminal, bio-component treatment and storage and a plant dedicated to the marketing of bitumen.

Energy activity is intertwined with fashion. In 2016 we invested in the relaunch of the haute couture brand Frankie Morello Milano,created for a young audience by designers Maurizio Modica and Pierfrancesco Gigliotti, loved by Lady Gaga, Rihanna, Belen Rodriguez, Fedez, Måneskin and many others. We are exclusive owners of the luxury brand Frankie Morello for men’s, women’s and children’s clothing worldwide. Ours is an ambitious goal: we aim at the growth of the brand through FMt, the NewCo Frankie Morello trademark, with a focus on the Italian and foreign markets, using an omni-channels strategy that generates engagement in the identified target.

We have acquired from Eni SpA the Jet Fuel warehouse in Civ-itavecchia and the oil pipeline to the Pantano di Grano warehouse, a hub for the sorting of aviation fuel for airports. In this way, we ensure a service for the storage and placing on board of Jet Fuel products for the international airports of Rome Fiumicino and Rome Ciampino, in accordance with the directives recommended by the JIG Standards, concerning the control of the quality of aviation fuel and related operating procedures. Since January 2020 Ludoil Energia is the main provider of maritime services and supply offuel oils for Bunker use in the port of Civitavecchia. We supply the major global cruise shipowners (MSC, Costa, GNV, Royal Carribean, NCL) in the port of Civitavecchia which, with more than 3,000 berths per year, is the port with the highest traffic in the Mediterranean.

Page 8: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

The Ludoil Group, through Ludoil Energy Srl, owned by the Ammaturo family, is active both in the sale and in the logistics and distribution of oil products.

Sales are handled by Ludoil Energia s.r.l., while logistics on the various warehouses are handled by SO.DE.CO. s.r.l. The latter, in fact, holds the shares of the various companies that own and manage Ludoil’s oil assets.

The assets that make up the network of petrol stations owned by Ludoil belong to Ludoil Re Spa, a company associated with the group but outside the scope of the consolidation.

Company Structure

FINANCE

DONATOAMMATURO

LUDOILENERGY srl

LUDOILENERGIA srl

100% 100%

SODECOsrl

PETROLIINVESTIMENTI spa

100%

MERIDIONALEPETROLI srl

SOC. PETROLIFERAGIOIA TAURO srl

100%

98,6

%49

%

51%

7

Page 9: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

The Italian oil market has undergone profound transformations since 2000, with a drop inconsumption from around 95 million tonnes to 60 million tonnes: a reduction equal to the size of a leading company in the sector such as ENI.

Gasoline and fuel oils are the products that have suffered the greatest decline as a result of the general national energy efficiency, both for the spread of diesel or alternative combustion engines, such as methane and LPG, increasingly advanced, and for the conversion to alternative sources for the production of electricity on the national territory..

This transformation had a heavy impact on the refining sector, which based the balancing of production on these very products, not only generating excess production capacity in the Italian energy system, but also putting the manufacturing sector to the test due to the impossibility of effective use of the production plants. The consequence was the divestment or conversion of numerous refineries in Italy.

Business Highlights

Consumption of petroleum productsITALY(Millions of tons)

1971

1972

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

105,0

95,5

85,5

55,5

65,5

75,5

Source: Unione Petrolifera on Ministry of Economic Development data

FINANCE

8

1° oil shock

2° oil shock

2008-2018-19,5 Mton

-24%

Gasoline and fuel oils are the products that have suffered the greatest decline as a result ofthe general national energy efficiency, both for the dieselisation or alternative combustion engines, such as methane and LPG, increasingly advanced, and for the conversion to alter-native sources for the production of electricity on the national territory.

This transformation had a heavy impact on the refining sector, which based the balancing of production on these very products, not only generating excess production capacity in the Italian energy system, but also putting the manufacturing under pressure to the test due to the impossibility of effective use of the production plants. The consequence was the divest-ment or conversion of numerous refineries in Italy.

Page 10: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

In this scenario, the Ludoi group has been able to acquire and develop a portfolio ofintegrated commercial and logistic assets that are highly strategic in some key areas of the country to support internal consumption for transport and industry, but above all to support market segments that are still experiencing strong growth such as bunkers and jet aircraft,businesses linked to the growth of mobility, airport traffic and tourism.

The scenario: the Ludoil Group

REVENUES (M€)

ADJ. EBITDA (M€)

*PFN (M€)

EMPLOYEES

2013 2014 2015 2016 2017 2018 2019

SOLD VOLUMES (.000 Mc)

FINANCE

152

3,2

5,8

90

249

6,0

25,0

89

215

4,8

11,5

85

312

7,8

13,3

98

2015 2016 2017 2018

Escl. OCSIT

9

*Net financial position

In this scenario, the Ludoi group has been able to acquire and develop a portfolio of integra-ted commercial and logistic assets that are highly strategic in some key areas of the country to support internal consumption for transport and industry, but above all to support market segments that are still experiencing strong growth such as bunkers and aviation, businesses linked to the growth of mobility, airport traffic and tourism.

Page 11: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

2019: The Industria Felix prize was awarded to Ludoil Energia Srl for the second consecutive year, among more than 7000 companies as the company with the best Gross Operating Margin. The Felix award is a prestigious prize awarded by Industria Felix Magazine in collaboration with the Campania region, the LUISS University of Rome, Cerved Group SpA, Ansa and Confindustria.

2019: Also this year Ludoil has been awarded as a leading company in the industrial fabric of Campania by “Top 300 Campania” elaborated by Pwc, where it was among the top 20 companies for Revenues and Production Value.

2020: Ludoil Energia Srl has obtained the recognition of “Cribis Prime Company” for the Maximum Commercial Reliability on the basis of the Cribis Rating, of Cribis D&B (Crif Spa Group).

Ludoil: financial excellence recognised by experts

10

FINANCE

Page 12: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

The Integrated Health, Safety and Environment Management System identifies responsibilities and tools for the pursuit of corporate planning and environmental objectives. Ludoil adopts and observes regulations, guidelines and tools to ensure the highest level of professionalism in compliance with local and global standards wherever it operates. In fact, we consider it a priority objective in the management and development of our activities to protect the health and safety of all employees, contractors and the community. We are committed to taking all necessary measures to improve our performance, preventing and minimizing potential impacts on the environment, health and safety of our employees. In addition, we provide security in the distribution of our products, process implementation and services.

HSE Policy

Ludoil commits to:

Monitor the results obtained in HSE activities and integrity of company assets, setting targets and objectives for continuous improvement.

Identify the business hazards present in operations and products and implement measures to control the associated risks.

Assign individual responsibilities for HSE and Responsible Care and make them an element of performance evaluation.

Comply with the rules, cooperating with authorities and industry to develop effective HSE standards.

Conduct and support research and training to improve activities, products and services while reducing HSE risks.

Train employees in compliance with operational procedures that protect the risks, requiring strict compliance with them.

Define objectives and targets that ensure continuous improvement and enable the Company’s HSE performance to be assessed.

Ensure that Subsidiaries, Joint Ventures and contractors comply with the principles set out in the HSE policy.

Promote energy efficiency, proper waste management and the development of products with limited environmental impact.

Develop an HSE culture in harmony with the principles of Responsible Care through the involvement of all staff.

Involve all stakeholders in relation to HSE programmes and performance ensuring openness and transparency.

Inform stakeholders about the nature of the company’s activities and the measures adopted for HSE prevention and improvement.

11

Page 13: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

Our employees are

involved in the

development of HSE

objectives both

individually and

organisationally.

12

HSE POLICY

Page 14: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

Petrol stationsLudoil petrol stations are present in 18 Italian regions, from north to south Italy. They are located both in the urban context, and in the major city centres, and in suburban areas, along the most important road links. The widespread network allows the Group to promote a commercial strategy strongly focused on the customer, with a wide, innovative and advantageous offer. We have more than 150 stores and in addition to the Ludoil brands, many petrol stations wear the colours of the most important Italian oil companies: since 2015 we have an ENI agreement.

Our petrol stations comply with European standards and environ-mental protection laws: the company is committed to establishing a strict and standardised policy for all petrol stations, with regard to the quality of service offered, the levels of decorum and cleanliness of the facilities and the relationship with customers.

Along with fuel distribution activities - petrol and diesel, including High Performance, LPG and methane - and the sale of automotive and lubrication products, many petrol stations in the Ludoil network complement their offer with services tailored to the customer’s needs.

Other services

RESTAURANT BAR - SMOKE SHOP SNACK & SHOP CAR WASHING TRUCK CENTER MECHANIC

13

Ludoil petrol stations are present in 18 Italian regions, from north to south Italy. They are located both in the urban context, and in the major city centres, and in suburban areas, along the most important road links. The widespread network allows the Group to promote a commercial strategy strongly focused on the customer, with a wide, innovative and advantageous offer. We have more than 150 stores and in addition to the Ludoil brands, many petrol stations wear the colours of the most important Italian oil companies: since 2015 we have an agreement with ENI.

Our petrol stations comply with European standards and enviromen-tal protection laws: the company is committed to establishing a strict and standardised policy for all petrol stations, with regard to the qua-lity of service offered, the levels of decorum and cleanliness of the facilities and the relationship with customers.

Other services

Page 15: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

Services and AdvantageOver the years, in response to the country’s economic difficulties, we have promoted a firm low cost policy by evenly distributing a network of sales outlets with social brands throughout the country.

The Ludoil brands pursue a policy of strongly reduced diesel sales prices: an initiative that has not only achieved considerable commercial success but has also gained social approval in the areas and communities in which we operate.

Are you looking for the nearest petrol station?

SEARCH THE STORE ON LUDOIL.IT

14

PETROL STATIONS

Over the years, in response to the country’s economic difficulties, wehave promoted a firm low cost policy by evenly distributing a network of sales outlets with proprietary brands throughout the country.

The Ludoil brands pursue a policy of strongly reduced diesel sales prices: an initiative that has not only achieved considerable com-mercial success but has also gained social approval in the areas and communities in which we operate.

PETROL STATIONS

Page 16: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

With our wholesale

market structure and

thanks to Ludoil

Energia, we operate

in the market of oil

products for retailers,

industry and other

consumers.

15

WHOLESALE MARKET

Page 17: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

Thanks to Ludoil Energia, a Ludoil Group company operating in the wholesale fuel market, we have always paid particular attention to the demands of the varied market of independent petrol stations that buy fuel independently every day. We operate in the wholesale distribution of petroleum products, including all infrastructures and supply channels, other than that of the road distribution network. With an extensive network of commercial warehouses and dedicated fleets of tankers, we guarantee flexible and competitive distribution of fuels in the wholesale network, directly supplying sectors of vital importance to the Italian economic structure.

If you are also an independent operator and you are looking for the best quotation of the day, please contact the Ludoil offices on [email protected]: a manager will be happy to answer you and offer you the best offer for wholesale fuels.

Wholesale Market

Automotive diesel fuel is the ideal product for transporters and large users of diesel fuel. The oil company, in addition to marketing and distrib-uting diesel fuel, provides tanks on loan for use and ensures support for all authorization and maintenance practices.

Direct sale

Ludoil sells quality agricultural diesel, which is used as fuel in agricultural vehicles and as fuel for agricul-ture-related activities. The purchase and use of agricultural diesel is reserved for particular categories of enterprises engaged in agricultural and related work.

Applied to domestic or industrial heating, diesel fuel provides many advantages. It is cheap - it is a fuel that burns more quickly and efficiently - and safe: a leak of diesel fuel, in its liquid state, is not flammable and does not produce polluting emissions.

Have you ever thought about produ-cing electricity on your own? Ludoil is a reliable consultant to develop a self-production power plant. In this way, you will have all the energy at your disposal, without having to think about supplies from external suppliers.

HEATING DIESELAUTOMOTIVE DIESEL

AGRICULTURAL DIESEL ELECTRICITY

16

Page 18: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

The company SO.DE.CO s.r.l., belonging to the Ludoil group, owns four bondedwarehouses in the city of Civitavecchia (RM) with a total storage capacity of 350,000 tons. The following products are stored and marketed: Gasoline, Diesel 10 ppm, Diesel 0.1, Agricultural Diesel, Heating Diesel, Jet, Fuel Oil, Biodiesel (Fame).

The warehouses are connected through a hub to the offshore oil terminal, recognised by the European Commission as a strategic and advanced project, owned by Petroli Investimenti SpA, and located in the Civitavecchia roadstead at a distance of 2.2 km from the coast. Ships with a deadweight capacity of up to 100,000 tons can dock at this terminal (Torre-SPM).

SO.DE.CO s.r.l. also has an area under concession of about 2,000 sq.m. near quays no. 22 and 23 of the port of Civitavecchia, intended for bunkeringstations for ships with a maximum capacity of about 10,000 tons.

Warehouse and Logistic

We let Italy go with our energy

Civitavecchia

civitavecchia farm

17

Page 19: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

The warehouse guarantees the clearing of the oil pipelines for the connection with the Civitavecchia offshore oil terminal, dedicated to the handling of oil products passing through the port. We have received AUA authorization to purify anddischarge two types of water: first rainwater, deriving from the runoff of roads and yards, treated with a coalescence filter, and industrial wastewater containing dangerous substances of oil origin, treated in a chemical-physical-biological plant. The purified water is discharged onto surface water bodies in compliance with the discharge limits defined in Table 3, Annex 5 to Part Three of Legislative Decree 152/06. The industrial wastewater treatment plant consists of a water treatment line for the removal of contaminants and a sludge line, where the sludge produced by the chemical-physical and biological sections of the plant is dewatered. The sludge, deriving from wastewater treatment, is managed in compliance with Part Four of Legislative Decree 152/06. In the water line, the purification takes place using chemical-physical and biological processes that take place in different and consecutive sections. Specifically, in the first sections of the plant with chemical-physical processes, heavy metals are removed and precipitated through the use of additives that facilitate the coagulation, flocculation and sedimentation of the chemical sludge flakes. Subsequently, the water is re-launched to the biological treatment section: a process mediated by a bacterial biomass composed of specific microorganisms that, through oxidation-reduction reactions, degrade the biodegrad�able pollutants transforming them into CO2 and nitrates. Before the water is discharged, it passes through an active skin filter, in which the organic substance, if still present in solution, is removed by absorption.

VIA AURELIA NORD N.6Civitavecchia

VIA AURELIA NORD N.8Civitavecchia

The warehouse of Via Aurelia Nord n.8 is equipped with a loading platform for the loading from below of last generation tankers, composed of five lanes with an automatic closed circuit system, for the loading of oil products of category A (gasoline) and C (diesel). The warehouse guarantees the mixing of diesel with FAME product, in compliance with

18

WAREHOUSE AND LOGISTIC

Page 20: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

VIA VIGNA TURCICivitavecchia

Warehouse activity is the storage service of Jet fuel product for airports, oil companies and airlines, in accordance with the directives recommended by JIG standards. The warehouse in Via Angelo Molinari n.4 allows refueling at the “Leonardo da Vinci” International Airport of Rome Fiumicino thanks to a 22” oil pipeline of about 70 km. In addition, it is equipped with anti-spill/anti-intrusion technologies (Vibro-Acoustic), which allow to immediately geolocalize potential critical issues.

VIA ANGELO MOLINARI N.4Civitavecchia

The warehouse represents a junction for the entire logistics system of Civitavecchia. Thanks to 8” and 12” oil pipelines, the site makes bi-directional transfers of oil products between the Via Vigna Turci warehouse and the other warehouses in Civitavecchia. It is equipped with a loading platform for the loading from below of tankers of category C oil products.

European regulations for the marketing of ecological fuels. The company So.de.co. srl has obtained the SGS certificate of con-formity of the biodiesel product, issued in accordance with the Technical Regulation ACCREDIA RT-31, which allows and enables us to broker and market the FAME product, with and without storage. FAME biodiesel is obtained from renewable sources and increases the lubricating power of the fuel. So.de.Co. srl guaran-tees that the 10 ppm diesel product is mixed with FAME Biodieselup to a maximum of 7%, as required by current regulations. The 10 ppm diesel fuel product thus blended guarantees a 50%reduction in carbon monoxide and carbon dioxide emissions, a reduction in emissions of aromatic hydrocarbons with condensed rings, the absence of sulphur dioxide emissions and a reductionin emissions of particulate matter.

19

WAREHOUSE AND LOGISTIC

Page 21: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

Ludoil warehouses

store oil products

under suspension of

excise tax and abroad,

with the authorisation

to act as bonded

warehouses.

20

WAREHOUSE AND LOGISTIC

Ludoil warehouses

store oil products

under suspension of

excise tax and

abroad,

with the authorisation

to act as bonded

warehouses.

Page 22: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

Petroli Investimenti S.p.A.

Diameter of emerged part (protection ring)

Diameter at the seabed

Fixed operating part of the floor plan

Floor level of the mobile operating part

The tower has the following dimensions

GRATE SURFACEA Q. +4.08 GRATE

A Q. +6.03

FLOATING HOSES DOUBLE CAGE TYPE

CARDAN JOINT

RUBBER FENDERS

SCHEDULE OPERATIONAL PERSONNEL ACCESS

OPERATING PLATFORM

WOODRUBRAILS

27,90 m

25,50 m

12,90 m s.l.m

21 m s.l.m.

Petroli Investimenti is the owner of the offshore oil terminal (single berth oil tower) which is located on a portion of the state property whose occupation is authorized through a maritime state concession signed by the Port Authority of Civitavecchia and Petroli Investimenti SpA, about 2,200 m from the coast. The single mooring tower is located on a seabed of about 50 meters, and consists of a main steel grid structure, while the foundation is a steel structure. The poles are always made of steel and fixed in the bottom.

21

PETROLI INVESTIMENTI S.P.A.

Page 23: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

The tower is equipped with a protection ring consisting of a cylindrical structure connected to a system of rubber shock absorbers on four diametrically opposed points, in addition, along the entire outer surface of the ring are positioned some wooden rubrails beyond the access stairs.

The platform is made up of a rotating part able to make a 360° rotation. It is connected to the mobile part:

Pipeline holder arm, valves and cardan joint, connected to the

floating hoses;

Mooring arm with pull cell and mooring cable;

Arm for counterweight ballast and crane support;

Support pylon for light and acoustic signals.

To one of the arms is attached the mooring cable, 50 meters long, which ends on the ship side with a chain of about 10 meters, a “pick-up line” cable about 100 meters long connected to the mooring cable that allows the recovery for the connection to the ship during mooring.

Between the tower and the cable is installed the “pull cell”, a device capable of transmitting in real time the amount of pull expressed in tons.

The other arm, perpendicular to the first one, supports the system of pipes, joints and valves and has the function of connecting, through a rotating joint (cardan joint), the floating flexible hoses to the submarine lines that in turn connect the tower with the ground sorting area.

There are four risers: two of 22” and two of 24”, the first connecting the tower to the SODECO sorting area are intended for the transport of light products, the second connecting to the ENEL sorting area were, as they are not currently in operation, intended for the transfer of heavy products.

La Petroli Investimenti è proprietaria del terminale petrolifero off-shore (torre petroli-fera monormeggio) che insiste su porzione di demanio la cui occupazione risulta autorizzata attraverso concessione demaniale marittima sottoscritta dall’Autorità Portuale di Civitavecchia e da Petroli Investimenti SpA, distante circa 2.200 m dalla costa. La torre monormeggio è posizionata su un fondale di circa 50 metri, ed è costituita da una struttura principale reticolare in acciaio, mentre la fon-dazione risulta costituita da pali sempre in acciaio infissi nel fondale.

22

PETROLI INVESTIMENTI S.P.A.PETROLI INVESTIMENTI S.P.A.

Page 24: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

The oil pipeline can be conceptually divided into two sections, one submarine and one land-based, as better shown in the picture below. The 2.1 km long yellow section represents the off-shore part while the red section represents the on-shore section of about 4.8 km long.

Oil pipelines

The 22” oil pipeline connecting the tower with the sorting area of SO.DE.CO. srl, is intended for the transport of light products (gasoline, diesel and jet fuel) and have the following characteristics:

Concrete cladding 65 mm thick reinforced with electrowelded mesh;

Polyethylene coating 3 mm thick;

Steel pipe X52 diameter 558,8 mm and thickness 9,52 mm;

Overall diameter about 70 cm.

Single mooring tower

Sorting area

HEAT-SHRINK HOSE

ELECTROWELDED MESH

IN-SITU CONCRETE CAST IN FORMWORK(STEEL)

POLYETHYLENE SP.3 mm

JOINTS SP.3 mm

13001300

300300

15050

558.8 X 9.52

694.8

23

PETROLI INVESTIMENTI S.P.A.

Page 25: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

The on - shore section ends the two “Pig” reception barrels, the image shown below, positioned inside the SO.DE.CO. sorting area.

Aviazione

The 22” pipelines are made of API-5LX-X52 steel with a thickness of 9.52 mm, the pipelines are designed for a service pressure of 10 bar and a design pressure of 15 bar, initially the P line was used for the handling of petroleum products while the K line was used for displacement, through the use of industrial water.

LINE K

LINE P

Sorting area SO.DE.CO. s.r.l.

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PETROLI INVESTIMENTI S.P.A.

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Meridionale srl, belonging to the company So.de.co. srl, is the owner of the fiscal warehouseof Vibo Valentia Marina for a total storage capacity of about 29,000 cubic meters inoperation. The warehouse, adjacent to the landfill dock of the port, is filled with diesel andgasoline and is equipped with a tanker loading platform with an extremely advanced andfully automated closed circuit system.

Vibo Valentia warehouse

The bonded warehouse in Nola,in the province of Naples, islinked to the foundation of theLudoil Group. Since its origins,its activities have relied on agroup of in-house drivers anda large and varied fleet ofvehicles owned by the com-pany. With a storage capacityof over 300 cubic metres, theLudoil depot supplies publicand private entities, and itsown distributors, throughout theCampania, Basilicata andPuglia areas.

Nola warehouse

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OTHER WAREHOUSES

Page 27: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

Jet Fuel

All the procedures undertaken by Ludoil comply with a rigorous HSE Policy: we constantly train our staff, focusing our objectives on maintaining - and improving - the high performanceachieved by the company over the years. For this reason, our procedures are continuously updated in accordance with JIG (Guidelines for Aviation Fuel Quality Control & Operating Procedures) standards. The experience gained in the energy sector allows us to pay particular attention to the efficiency of our fleet, in order to guarantee the best possible service.

JET FUEL and HSE POLICY Aviation

The site of Via Angelo Molinari n.4, being a bonded warehouse, allows us to deliver both excise-duty paid and excise-duty free products for facilitated use throughout Italy. We make use of numerous partnerships for the marketing of Jet A-1, the main fuel used for jet turbine engines and in general aviation for aircraft with compatible diesel engines. It meets strict international requirements, in particular those of the latest versions of AFQRJOS, the British DEF STAN 91-91 standard, the ASTM D1655 standard and NATO F-35 specifications.

A-1 JET MARKETING

In the warehouse in Via Angelo Molinari n.4 in Civitavecchia (RM), we carry out the storage service of jet fuel at the airports in accordance with the directives recommended by the JIG 1530 standards, concerning the control of the quality of aviation fuel and related operating procedures. The depot allows refueling at the “Leonardo da Vinci” International Airport of Rome Fiumicino, thanks to a 22” pipeline about 70 km long, which connects our warehouses with the Seram Depot. Our pipeline is equipped with the latest anti-spill/anti-intrusion system (Vibro-Acoustic) that allows to geo-localize immediately the potential criticality. The pipeline is also monitored by a security company that checks daily the status of the places where the pipeline flows. We pay extreme attention to the control of the fuel quality, in compliance with the highest international standards, confirmed by the high number of inspections carried out by major airlines and oil companies, and we ensure commitment and compliance with all procedures. Our service is available 24 hours a day, compatibly with the authorizations granted by the airports.

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Jet Fuel

In the warehouse in Via Angelo Molinari n.4 in Civitavecchia (RM), we carry out the storage service of jet fuel at the airports in accordance with the directives recommended by the JIG 1530 standards, concerning the control of the quality of aviation fuel and related operating procedures. The depot allows refueling at the “Leonardo da Vinci” International Airport of Rome Fiumicino, thanks to a 22” pipeline about 70 km long, which connects our wa-rehouses with the Seram Depot. Our pipeline is equipped with the latest anti-spill/anti-intrusion system (Vibro-Acoustic) that allows to geo-localize immediately the potential criticality. The pipeline is also monitored by a security company that checks daily the status of the places where the pipeline flows. We pay extreme attention to the con-trol of the fuel quality, in compliance with the highest international standards, confirmed by the high number of inspections carried out by major airlines and oil companies, and we ensure commitment and compliance with all procedures. Our service is available 24 hours a day, compatibly with the authorizations granted by the airports.

Page 28: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

Bunker Sales

Since January 2020 Ludoil Energia is one of the main providers of maritime services and supply of bunker fuel oil, in the various viscosity and sulphur content grades required by the carrier, in the Port of Civitavecchia (CVV). Every year about 11 million tons of goods are handled in Civitavecchia: it is a multifunctional port, divided into two macro areas with different market dynamics: in the southern the one dedicated to tourism, yachting and cruises, and in the northern one the area for commercial traffic, fishing and cabotage. Today it can count on about1,900,000 m² of quays, 25 operational berths from 100 to 400 m in length, for about 13 km of berths. SO.DE.CO s.r.l. has in concession an area of about 2,000 m² near quays n. 22 and 23.

The bunkering activity allows the supply of ferries for the transport of passengers and goods: Ludoil supplies the major global cruise shipowners(MSC, Costa, GNV, Royal Caribbean, NCL) in the port of Civitavecchia which, with more than 3,000 berthings per year, is the port with the highest traffic in the Mediterranean.

Nel deposito in Via Angelo Molinari n.4 Di Civitavecchia (RM), effettuiamo il servizio di stoccaggio di Jet fuel agli aeroporti confor-memente alle direttive raccomandate dagli standard JIG 1530, riguardanti il controllo sulla qua-lità del carburante ad uso aviazione e le relative pro-cedure operative. Il deposito consente il rifornimento all’Aeroporto Internazionale “Leonardo da Vinci” di Roma Fiumicino, grazie ad un oleodotto da 22” lungo circa 70 km, che collega i nostri depositi con il Deposito di Seram. Il nostro oleodotto è dotato del più recente sistema di antispill/anti-intrusio-ne (Vibro-Acustico) che permette di geo-localizzare immediatamen-te la potenziale criticità. L’oleodotto è inoltre sorvegliato da una società di vigilanza che verifica quotidianamente lo stato dei luoghi su cui corre l’oleodotto stesso. Prestiamo estrema attenzione al controllo della qualità del carburante, nel rispetto dei più alti standard internazionali, confermati dall’elevato numero di ispezioni effettuate dalle principali compagnie aeree e petrolifere, ed assicuriamo impegno e rispetto di tutte le procedure. Il nostro servizio è disponibile H24 compatibilmente con le autorizzazioni concesse dagli aeroporti.

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In the warehouse in Via Angelo Molinari n.4 in Civitavecchia (RM), we carry out the storage service of jet fuel at the airports in accordance with the directives recommended by the JIG 1530 standards, concerning the control of the quality of aviation fuel and related operating procedures. The depot allows refueling at the “Leonardo da Vinci” International Airport of Rome Fiumicino, thanks to a 22” pipeline about 70 km long, which connects our wa-rehouses with the Seram Depot. Our pipeline is equipped with the latest anti-spill/anti-intrusion system (Vibro-Acoustic) that allows to geo-localize immediately the potential criticality. The pipeline is also monitored by a security company that checks daily the status of the places where the pipeline flows. We pay extreme attention to the con-trol of the fuel quality, in compliance with the highest international standards, confirmed by the high number of inspections carried out by major airlines and oil companies, and we ensure commitment and compliance with all procedures. Our service is available 24 hours a day, compatibly with the authorizations granted by the airports.

Page 29: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

Alternative energies

LThe history of Ludoil, despite being linked to oil products, does not prevent us from looking at alternative energies with commitment and utility. We have made significant investments in green energy, pursuing the UN’s Sustainable Development objectivesto transform the world in which we all live. In particular, in line with Objective 7 of Agenda 2030, which came into force in 2016, we want to ensure access to affordable, reliable, sustainable and modern energy systems for all.

Energy is central to the challenges and opportunities facing the world today. Whether for work, security, climate change: access to energy is essential. Therefore, in line with UN Goal 7 and Goal 13, Ludoil’s commitment to alternative energy is complementary and not secondary to its core business. Year after year, we successfully invest in alternative energy, so that we can make the most of the sun and wind in the countries where we operate.

The attention to the environment and the commitment to research in the field of renewable energy has also been reflected in the activities of the Ludoil Group in investments in the wind energy sector. We own a wind farm in Sicily, in the city of Troina, and a wind farm in Sardinia - with mini wind turbines in the cities of Sanluri, Villanovaforru and Sardara - one of the first in Italy for efficiency and modernity. To date, Ludoil wind farms include mini wind turbineswith horizontal and vertical axis that transform the kinetic energy of the wind into mechanical work. The latter is then converted into electrical work by coupling an electric generator to the turbine rotor shaft. The electrical work is then fed into a local grid or made available as electricity in interconnected grids. Ludoil mini wind turbines have very high levels of reliability, with a limited need for routine and extraordinary maintenance and safety levels suitable for efficient operation.

The wind farm

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The history of Ludoil, despite being linked to oil products, does not prevent us from looking at alternative energies with commitment and utility. We have made signifi-cant investments in green energy, pursuing the UN’s Sustainable Development Goals to transform the world in which we all live. In particular, in line with Objective 7 of Agenda 2030, which came into force in 2016, we want to ensure access to affor-dable, reliable, sustainable and modern energy systems for all.

Energy is central to the challenges and opportunities facing the world today. Whether for work, security, climate change: access to energy is essential. Therefore, in line with UN Goal 7 and Goal 13, Ludoil’s commitment to alternative energy is com-plementary and not secondary to its core business. Year after year, we successfully invest in alternative energy, so that we can make the most of the sun and wind in the countries where we operate.

Page 30: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

An integral part of the Ludoil group’s code of ethics is based on respect for the environment and the adoption of techniques aimed at the valorisationand exploitation of alternative energy resources. Ludoil has been directly involved in this area of research and has structurally implemented numerous petrol stations, including large ones, distributed throughout the country, of the latest generation photovoltaicsystems. Positioned above the petrol station platforms, the photovoltaic systems are able to make the public service activities totally self-sufficientthrough the exclusive use of clean energy.

Photovoltaics

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CLEAN AND ACCESSIBLE ENERGY

ACTION TO CLIMATE CHANGE

Page 31: Company Profile LUDOIL EN · petrol stations under our brands - Ludoil, Staroil, Italfuel, Alteroil, Easy fuel - and under the Eni brand agreement. Between 2009 and 2011 we acquired

Sustainable energy is an opportunity: it transforms life, economy and the planet.