20 years of excellence beyond wrapping.

Safe Bag productsSa

fe B

ag s

ervi

ces Wrapping

- 100% recyclable film- Highly protective- Light / easy to remove- Handling system friendly

Tracking- Real Time Tracking- Powered by SITA WorldTracer- Customer Service 24/7- On site Assistance

- Damage

- Pilfering

- Permanent Loss

- Delayed Delivery

- Up to € 1.000 - Up to € 1.000

- -Up to € 100

- Up to € 4.000

- € 100 / day- From the 2nd day- Up to € 1.000

- Up to € 4.000

- € 100 / day- From the 3rd day- Up to € 1.000

SMART TRACK CARDPREMIUMBASIC

Refund€

Travel Goods

premium luggageprotection

since

1997

Extended Offer

Weigh and Save

Baggage Shipping

Drop and Fly

Baggage Storage

Passenger Services

Travel Goods

27

ShOP (flexible)

traditional store located near the check-in or in air-side area.

KIOSK (flexible)

designed to integrate the offering with our travellers’ goods selection.

STAND ALONe (80 x 245 x 230 cm)

Efficiency in space utilisation in small, visible spots.

LayOut SOLutiOnS

– 2012 –

– 1997 – – 2004 – – 2008 –

Our engineers have developed a proprietary machine that:

complies with international regulations

allows cold wrapping in 30 secondshas embedded touchscreen monitors with integrated cameracan be equipped with a battery and wheels to move towards passengersis totally safe for both operators and passengersis adaptable to baggage of different shapesrequires minimum maintenance activities

– 2014 –

hardware

Safe Bag designs and produces the wrapping machines directly. This in-house design and production strategy has allowed a continous innovation process over time.

Safe Bag’s IT Department has developed a fully integrated, proprietary software – Revenue Control System (RCS).

RCS key features:

is easy to use allows real-time monitoring of the machine’s activity generates data on staff attendance prevents tampering reacts to unexpected events in the planning stage

SOftware

frOnt end

Enhanced security, for both operators and customers

Sensor-integrated control

User friendly interface

weB pOrtaL

Theft monitoring and prevention

Stock monitoring

Sales / performance monitoring

Real time data remote access

Through its Quality Room located at its HQ a Milan, Safe Bag monitors in real time all operations throughout the world, and activates immediate corrective actions.

41

Quality control high level process

Breakdown of wrapping services into its elementary phases

List of alerts generated and managed by the Quality room.

anOMaLy

aLert

anaLySiS

Ok within tOLeranCe LeveS

anOMaLyCOnfirMed

COrreCtiveaCtiOnS

Green: closed with no issues,Purple: open, to be analized. Yellow: open, being analized.

QuaLity rOOM

leader in europe

2 million cuStomerS

80 ShopS

22 airportS

airpOrt netwOrk

MIAMI

MontréAl

ItAlYBologna (BlQ)genoa (goa)naples (nap)olbia (olB)rome (fco)Venice (Vce)

FrAnCEBordeaux (Bod)lyon (lyS)marseille (mrS)nice (nce)paris (cdg)paris-orly (ory)toulouse (tlS)

PortUGAlfaro (fao)lisbon (liS)madeira (fnc)ponta delgada (pdl)porto (opo)

SWItZErlAnDgeneve (gVa)Zurich (Zrh)

USAmiami (mia)

CAnADAmontréal (yul)

Overview Of the Safe Bag grOup

ITALY

100% 100% 100%

74,5%

FSB ServiceFRANCe

FlysafebPORTUGAL

Bag Safe

SWITZeRLANDSafe BagCANADA

100%

99%*

SafeWrap ofFlorida JV

USA

Safe Bagdo BrasilBRAZIL

(*) 1% OWNED BY SAFE BAG SpA

100%

Safe Bag USA

of experience

2 million cuStomerS

80 ShopS in 22 airportS

partner of Sita World tracer

liSted in the Stock exchange

experience in the airline induStry

Rudolph Gentile

(Founder & Chairman)Roberto

Mosca(Chief

Commercial andOperations)

Key People

Gianluca Farioli

(Management Control)

Alessan.Notari(Chief

Executive Officer)

Nicola De Biase

(Investor Relator e Corporate Finance)

David Debach

(Chief Business Development)

4,0 4,2 4,0 3,2 4,3 4,0 2,9

2,73,8 5,3 6,2

7,1 7,58,0

1,4 1,6

1,8 2,3 2,3

5,1

11,512,4

10,8

0,3

1,1

1,4

1,50,7

0,1

1,1

0,5

0,9

0,50,3

0,3 0,2

1,4

2,0

1,4

4,6

0,0

0,5

1,0

1,5

2,0

2,5

3,0

3,5

4,0

4,5

5,0

0,0

5,0

10,0

15,0

20,0

25,0

30,0

2010 2011 2012 2013 2014 2015 2016

EBITDA

REVE

NUES

Other

Canada

Switzerland

USA

Portugal

France

Italy

EBITDA

2

6,78,1

11,8

‐0,8

26,7

28,126,5

16,9

Revenues and EBITDA over the years

Amount in Mil. €

31‐Dec‐16 31‐Dec‐15 Absolute Perc. (%)

REVENUES 26,5 28,1 ‐1,6 ‐5,6%

EBITDA 4,6 ‐0,8 5,4 662%

EBIT 3,9 ‐1,6 5,5 339%

PROFIT & LOSS 3,1 ‐1,8 4,9 272%

EBITDA margin 17,4%EBIT margin 14,7%NET margin 11,7%

31‐Dec‐16 31‐Dec‐15 Change %

NFP (Cash) 0,5 2,8 ‐2,3 ‐82%

NFP Adjusted (Cash) (0,4) 1,4 ‐1,8 ‐128%

* the figure includes deposits from banks to issue sureties presented to airports and the cash deposits at the airports where the company operates

ChangeConsolidated Financial Statement

Concession portfolio's weighted average 

3,8 4,9

Economic and Financial 2015‐16 key figures

*

1. Enhance our services in the airports where the group isalready operational;

2. Introduce the APP “Safe Bag 24” for the tracking andguarantee of the baggage clients;

1. Develop new airports also through targeted acquisitions".

Business Plan 2017‐2020

Strategic Priorities:

new app - Safe Bag 24

Safe Bag 24 iS a ServiCe avaiLaBLe h24 aiMed at SOLving aLL pOSSiBLe iSSueS reLated tO CuStOMerBaggage during their fLight. the ServiCe Can Be purChaSed via weB Or via a dediCated app.

Your bag returned within 24 hours

OR YOU GeT

euro 100 per day from 25th hour

Up to euro 1.000 in case of Delayed Delivery

Up to euro 4.000 in case of permanent Loss

Customer Assistance 24/7

Safe Bag operates through the Sita world tracer platform, the only realplatform able to track luggage worldwide, leveraging on its extensive networkof 2,200 airports and 1,200 airlines (representing 99% of the market).

MUCH MorE tHAn InSUrAnCE!

AIRPORT PASSENGERS CONCENTRATION

Fonte: elaborazioni Safe Bag su dati traffico ACI

5

Target Airports

MARKET VALUE OF THE WRAPPING SERVICES IN THE AIRPORT

Fonte: stime Safe Bag su dati ‐ Global Airport Retailing: Market Size, RetailerStrategies and competitor performance” Verdict ‐ Datamonitor Group.

Mld €

Anno 2015Pax (mld) 5,7Prezzo (€) 7Penetrazioni 3,50%