2015 Financial Results March 16, 2016

2 March 2016

This document has been prepared by Maire Tecnimont S.p.A. (the “Company”) solely for use in the presentation of its financial results. This document does not constitute or form part of any offer or invitation to sell, or any solicitation to purchase any shares in the Company. The information contained and the opinions expressed in this document have not been independently verified. In particular, this document may contain forward-looking statements that are based on current estimates and assumptions made by the management of the Company to the best of its knowledge. Such forward-looking statements are subject to risks and uncertainties, the non-occurrence or occurrence of which could cause the actual results – including the financial condition and profitability of the Group – to differ materially from or be more negative than those expressed or implied by such forward-looking statements. This also applies to the forward-looking estimates and forecasts derived from third-party studies. Consequently, neither the Company nor its management can give any assurance regarding the future accuracy of the estimates of future performance set forth in this document or the actual occurrence of the predicted developments. The data and information contained in this document are subject to variations and integrations. Although the Company reserves the right to make such variations and integrations when it deems necessary or appropriate, the Company assumes no affirmative disclosure obligation to make such variations and integrations.

KEY MESSAGES

March 2016 3

• 2015 has been a record year − €3.2bn in new orders − €6.9bn backlog

• Strong pick up in volumes

− +39% 2H vs. 1H

• On-going strengthening of the Balance Sheet − Significant de-leverage (€239m decrease in net debt)

• €4.7 cents per share dividend to be proposed at the AGM

− First dividend since FY2010 − 33% payout ratio

The Turnaround Has Been Completed

March 2016 4

KEY CONSOLIDATED 2015 FINANCIALS (€m)

Revenues EBITDA Net Income (1)

NFP Net Worth

126.9

130.8

120

122

124

126

128

130

132

2014 2015

1,583.2 1,669.6

1,400

1,450

1,500

1,550

1,600

1,650

1,700

2014 2015

50.6 43.8

38.9 49.1

2014 2015 2014 2015

93.7 126.2

Dec '14 Dec '15

365.0

125.6

Dec '14 Dec '15

(1) Effective tax rate in 2014 was 17.5% vs. 43.6% in 2015

(2)

(2) Restated by applying the normalized 2015 tax rate of 36.7%

+5.5% +3.1% +26.4%

-239.4 +32.5

(2)

5 March 2016

< Operational Performance – Pierroberto Folgiero, CEO

Financial Results – Alessandro Bernini, CFO

Looking Ahead – Pierroberto Folgiero, CEO

AGENDA

March 2016 6

MAIRE TECNIMONT’S RELATIVE POSITIONING

Onshore Offshore

Upstream

Downstream & Gas Transformation

We are Completely Focused on Downstream and Gas Transformation

March 2016 7

DIFFERENTIATING FACTORS VS. OUR COMPETITORS

• Flexible business model

• Asset light: no idleness

• Cost base already streamlined

• Strong technological IPs and Process Engineering distinctive competences

• Client diversification (NOCs vs. IOCs)

• Global approach with focus on specific geographies

Our Group is Well Positioned to Face the Current Environment

March 2016 8

ORDER INTAKE

• 2015 has been our best year ever

• Effective strategic approach, focus on downstream, proactive attitude with clients

Historical Order Intake (€m)

2,069 1,708

1,174

2,776 3,209

2011 2012 2013 2014 2015

Average 2011-13: €1,650m

Pre-Strategy Implementation

Post-Strategy Implementation

March 2016 9

ORDER INTAKE – MAIN ACQUISITIONS

ADGAS (Abu Dhabi) EPC Gas $201.1 MN

LOTOS ASFALT (Poland) EPC Refinery €304.0 MN

SOCAR (Azerbaijan) EPC Petrochemicals €346.0 MN

PETRONAS (Malaysia) EPC Petrochemicals €442.4 MN

GAZPROM (Russia) EPC Refinery €443.1 MN

EUROCHEM (Russia) EPC Fertilizers €659.1 MN

YARA (Holland) EPC Fertilizers €123.9 MN

Total 2015 Order Intake: €3.2bn Total 2016 YTD Order Intake: €1bn+

2016 YTD

2015

ORPIC (Oman) EPC Petrochemicals €819.3 MN

SOCAR (Azerbaijan) EPC Petrochemicals €165.0 MN

March 2016 10

RAPID (Pengerang) - Petronas

• Country: Malaysia

• Client: PRPC Polymers (Petronas)

• Overall Value: €442.4m

• Scope of Work: EPC of two polypropylene units within the RAPID complex

Project Overview

• Partnership with HQC (China)

• 450,000 tons per year each

• Expected completion in 2019

• Enables the Group to expand in South East Asia

Key Issues

Backlog by Geography (Dec. 2015)

March 2016 11

BACKLOG

A well diversified backlog that provides a solid base to future revenues

2,980

4,545

6,455 502

406

438

31/12/13 31/12/14 31/12/15

Backlog by Business Unit (€m, 2013-2015)

TE&C Infrastructure

3,482

4,951

6,893

38%

33%

12%

17% Europe

Middle East

Others

Asia

March 2016 12

BACKLOG ANALYSIS – TE&C BUSINESS UNIT

Good mix between E, EP, and EPC Excellent cover for future revenues

Book to Bill Ratio

2.2

3.1

4.2

31/12/13 31/12/14 31/12/15

235 190 126

1,048 794 846

1,697

3,561

5,483

31/12/13 31/12/14 31/12/15

Backlog by Type (E, EP & EPC), €m

E EP EPC

2,980

4,545

6,455

13 March 2016

BREAKDOWN OF NEW HIRES, 2014-2015

Maire Tecnimont is the Employer of Choice in OFS

93%

7%

45%

55%

Tecnimont India Tecnimont Italia and KT

Others

Others

Engineers

Total: 617 Total: 407

March 2016 14

OUTLOOK ON COMMERCIAL ACTIVITY

Commercial Activity in TE&C (€bn)

We Maintain a Good Pipeline of Excellent Opportunities

9.7

15.4 17.9

3.8

7.7 5.2

5.3

6.6 4.0

0

4

8

12

16

20

24

28

32

Dec 13 Dec 14 Dec 15

PROSPECT PREQUALIFICATION & PRE-TENDERING TENDERING TENDERED

March 2016 15

COMMERCIAL ACTIVITY’S GEOGRAPHICAL BREAKDOWN (TE&C)*

Asia POLIOLEFINE FERTILIZER GAS TREATMENT LNG

C.I.S. POLIOLEFINE FERTILIZER GAS TREATMENT

North America POLIOLEFINE FERTILIZER

Middle East POLIOLEFINE FERTILIZER GAS TREATMENT REFINERY

Europe POLIOLEFINE FERTILIZER REFINERY

South America POLIOLEFINE FERTILIZER REFINERY

Africa FERTILIZER GAS TREATMENT REFINERY

Our commercial activity continues to be very focused on implementing our current strategic approach

€2.9bn

€6.4bn €1.0bn

€1.2bn

€0.6bn €6.4bn

€8.6bn

*Figures include prospect prequalification and pre-tendering, tendering, and tendered

16 March 2016

<

Operational Performance – Pierroberto Folgiero, CEO

Financial Results – Alessandro Bernini, CFO

Looking Ahead – Pierroberto Folgiero, CEO

AGENDA

March 2016 17

CONSOLIDATED INCOME STATEMENT

€m FY2014 FY2015 Δ %

Revenues 1,583.2 1,669.6 5.5%

Business Profit 210.3 211.2 0.4%

G&A (77.7) (73.9) (4.9%)

R&D (5.7) (6.4) 12.2%

EBITDA 126.9 130.8 3.1%

EBITDA % 8.0% 7.8% (0.2p.p.)

EBIT 103.4 115.4 11.6%

Net Financial Charges (42.0) (37.8) (10.0%)

Profit Before Taxes 61.4 77.6 26.4%

Tax Provision (10.7) (33.8)

Effective Tax Rate 17.5% 43.6%

Net Income 50.6 43.8 (13.5%)

Adjusted Net Income(1) 38.9 49.1 26.4%

(1) 2014 and 2015 Net Income restated by applying the 2015 normalized tax rate of 36.7%

Proposed Dividend of €14.4m - €4.7 cents per Share (33% Payout)

March 2016 18

CASH EVOLUTION, 2013-2015 (€m)

349.7

167.0 160.2

362.4

0

50

100

150

200

250

300

350

400

1/1/13 31/12/13 31/12/14 31/12/15

Cash Consumption

Stabilization

Cash Generation

• Strong cash generation in 2015

• Cash is now above end of 2012 levels

19 March 2016

Net Financial Debt (€m)

Cash Flow Bridge (€m)

NET FINANCIAL DEBT AND CASH FLOW BRIDGE

290.0

40.6

71.3

73.1

3.7

11.9

Dec 2014 Dec 2015

Derivatives

Conv. Bond

Net Bank Debt

- 239.4

125.6

365.0

365.0

130.8

152.6 7.4

36.6 125.6

Net DebtDec-2014

EBITDA Change in NWCand Other Flows

Capex Net Financial Charges Net DebtDec-2015

SPREAD OF BANK DEBT REFINANCINGS, 2013-2015

March 2016 20

540

395

250

0

100

200

300

400

500

600

May 2013 Apr 2015 Dec 2015

Spread (bps)

Amount (€m) €350 €320 €350

Final Maturity 12/2017 2018-2019 12/2020

We Have More Than Halved our Bank Financing Cost since 2013

21 March 2016

<

Operational Performance – Pierroberto Folgiero, CEO

Financial Results – Alessandro Bernini, CFO

Looking Ahead – Pierroberto Folgiero, CEO

AGENDA

22

PRIORITY AREAS IN 2016

New Geographies

e.g. Iran Revamping

Project Development

Technology & Services

Backlog Execution

March 2016

Flexible Business Model Allows Us to be More Competitive

23 March 2016

2016 GUIDANCE

• Revenues: €2.2-2.4bn

• EBITDA: €140-160m

• NFP: around €50m (same perimeter)

Investor Relations

Via Gaetano De Castillia, 6A

20124 Milano

T +39 02 6313-7823

Investor-relations@mairetecnimont.It

March 2016 24