Financial Statements as at 31st December 2000 Meeting with the … · Financial Statements as at 31st December 2000 Meeting with the Financial Community Milan, 4th May 2001. 1. TREVI

Financial Statements as at 31st December 2000

Meeting with the Financial CommunityMilan, 4th May 2001

1. 1. TREVI TREVI GroupGroup - Core business - Core business Davide TrevisaniDavide Trevisani

2. 2. FinancialFinancial Data Data asas at 31st at 31st DecemberDecember 2000 2000 Daniele FortiDaniele Forti

3. 3. Strategy Strategy Davide TrevisaniDavide Trevisani

4. 4. DrillingDrilling sectorsector Cesare TrevisaniCesare Trevisani

5. 5. Parking sectorParking sector Davide TrevisaniDavide Trevisani

Trevi Division operates in :� ground engineering� drilling oil, gas and water wells� automated, underground parking garages

Soilmec Division designs andmanufactures:

� ground engineering machinery and equipment� drilling rigs and accessories

64,4% of 2000 revenues

35,6% of 2000 revenues

ActivitiesActivities

TREVIGroupTREVIGroup – Highlights – Highlights

Vertical Integration Research & Development Global Reach

� Trevi Division – groundengineering services

� Soilmec Division –manufacture of groundengineering machinery anddrilling equipment

� Dynamic interaction betweenthe divisions drivescontinuous improvement andinnovation

� Mobile, hydraulicdrilling rigs

� Continuous DiaphragmWalls

� Pretunnel system� TreviPark� Deep Mixing� Turbo Jet

� More than 1,000 projects inover 40 countries, across fivecontinents

� Machinery and equipmentdistributed in more than 80countries

� 83% of 2000 consolidatedrevenues outside Italy

�� Leading ground engineering companyLeading ground engineering company

�� Strong brand recognitionStrong brand recognition

�� Leading-edge innovationLeading-edge innovation

�� Strong operating marginsStrong operating margins

Leadership in ground engineeringLeadership in ground engineering

Worldwide presence: 1000 projects in 40Worldwide presence: 1000 projects in 40CountriesCountries

Soilmec S.p.A.Cesena (Italy)

Soilmec S.p.A.Drilling Equipment Division

Piacenza (Italy)Soilmec S.p.A.

Representative OfficeBeijing (China)

Soilmec Branham Inc.(USA)

Lianyungang SoilmecMachinery Co. Ltd.

Lianyungang (China)Soilmec Japan Co. Ltd.

Tokyo (Japan)Soilmec Far East Pte. Ltd.

(Singapore)SMFE Sdn. Bhd.

(Malaysia)Soilmec MisrCairo (Egypt)Soilmec Ltd

Peterborough (UK)Soilmec International B.V.

Amsterdam ( Netherlands)Soilmec H.K. Ltd.

Hong KongI.D.T. S.a.

Republic of San Marino

Algeria - Argentina - P.R. China - Germany Egypt- Hong Kong Mozambique Nigeria - Oman - Qatar

Philippines - Portugal - R.S.M. - Singapore Sweden -Thailand - Turkey - U.A.E. - United Kingdom -

United States - Venezuela

Trevi S.p.A.Cesena (Italy)Trevi Icos CorporationBoston (USA)Trevi CimentacionesCaracas (Venezuela)Trevi Foundations NigeriaLagos (Nigeria)Trevi FoundationsPhilippines Inc (Philippines)Trevi Fundacoes LdaLisbon(Portugal)Pilotes TreviBuenos Aires (Argentina)Trevi Construction Co. Ltd(Hong Kong)Profuro Lda(Mozambique)Petreven C.A.(Venezuela)Cifuven C.A.(Venezuela)Trevi Contractors B.V.Amsterdam- (Netherlands)Trevi Insaat ve M. A.S.Istanbul (Turkey)Swissboring PilingOverseas Corp. LtdAbu Dhabi (Dubai)Swissboring & Co. LLCOmanTrevi Algerie S.a.r.l.Algeria

Oil wells’ drilling works - Perez Companc Venezuela Drilling works 180Water wells Nigeria Drilling works 11Equipment for well drilling Middle East Drilling systems 89Trevipark Italy Car Parks 11.2Sikkak dam Algeria Special foundation works 4.1El Achir tunnel Algeria Special foundation works 1.8Rosario – Victoria motorway Argentina Special foundation works 1.8Potrerillos dam Argentina Special foundation works 1.7Industrial building Argentina Special foundation works 1.9Buildings United Arab Emirates Special foundation works 6.3Gilgel Gibe dam Ethiopia Special foundation works 1.6Dam Philippines Special foundation works 5.8Metro line Hong Kong Special foundation works 2.4Lavello dam Italy Special foundation works 3Building Italy Special foundation works 4.5Light rail transit Neaples Italy Special foundation works 8Port of Messina Italy Special foundation works 22.6Bibele – Raticosa tunnel Italy Special foundation works 14.7Industrial building Nigeria Special foundation works 2.1Foundation works for the S. Pau Hospital, Barcellona Spain Special foundation works 2.6High Speed Railway Taiwan Special foundation works 25"Fall River“ bridge USA Special foundation works 16.7North Carolina bridge USA Special foundation works 17.8Foundations for transport infrastructures USA Special foundation works 8.3Foundations for transport infrastructures USA Special foundation works 5.5Car park’s foundations, Boston USA Special foundation works 20.5Parking Garage, Boston USA Special foundation works 20.6Building, Boston USA Special foundation works 17Valencia metro line Venezuela Special foundation works 4.7Tunnels and viaducts Venezuela Special foundation works 8.4

Project Country Product Line Amount of worksto be completed

Main Portfolio’s Projects as at 31st March 2001

Amounts in billions of Italian Liras

Core businessCore business((equipmentequipment and and servicesservices relevantrelevant toto ground engineeringground engineering))

�� Net Net sales sales of the core business, of the core business, servicesservices and and equipmentequipmentamounted toamounted to Euro 252.4 Euro 252.4 millionmillion, , equal toequal to 86% of the total (92% in 86% of the total (92% inthe the previous yearprevious year))

�� IncreaseIncrease, , compared tocompared to the the previous yearprevious year, , amountsamounts toto aboutabout 7% 7%

�� 80.1% of net 80.1% of net salessales isis achieved abroadachieved abroad. The . The main geographic main geographic areaareaisis USA, USA, withwith a total volume of Euro 87.3 a total volume of Euro 87.3 millionmillion (29.7% of (29.7% of totaltotalamountamount))

�� FromFrom a a strategic pointstrategic point of of viewview, , itit isis necessary tonecessary to strengthenstrengthen the thepresencepresence of the of the GroupGroup in the USA; in the in the USA; in the yearyear 2000 2000 there wasthere was ananactivity expansionactivity expansion in New York, Florida, California. in New York, Florida, California.

… a qualified presence in the world.

… a challenge successfully faced!

1. TREVI 1. TREVI GroupGroup - Core business - Core business Davide TrevisaniDavide Trevisani

2. 2. FinancialFinancial Data Data asas at 31st at 31st DecemberDecember 2000 2000 Daniele FortiDaniele Forti


4. 4. Drilling sectorDrilling sector Cesare TrevisaniCesare Trevisani

5. 5. Parking sectorParking sector Davide TrevisaniDavide Trevisani

TurnoverTurnover

265.8

214.8199.0

180.0165.9

122.0

316.2

020406080

100120140160180200220240260280300320340

1994 1995 1996 1997 1998 1999 2000

(Euro Mil)

CAGR + 17.2% Year + 19%

RevenuesRevenues

1030507090

110130150170190210230250270290310

1996 1997 1998 1999 2000

Italy Rest of EuropeUnited States and Canada Central and South AmericaAfrica Middle EastFar East

CAGR + 15.5%

(Euro Mil)

170.7194.7

210.4

263.0

Year + 16.6%

303.9

Business mix of net Business mix of net salessales

Business 2000 % 1999 % Var. %

Ground engineering 178,4 60,8% 171,1 66,8% + 4,3%

Ground engineering machinery 74,0 25,2% 64,8 25,3% + 14,3%

Oil, gas & water drilling rigs 30,5 10,4% 11,7 4,6% +159,9%

Oil drilling activity 10,5 3,6% 3,0 1,2% +245,8%

Parks 0,0 0,0% 5,3 2,1% -100%

Total 293,4 100% 255,9 100% +14,6%

(Euro Mil)

Core business

Drilling business area

Parking business area

Trevi Division Trevi Division - Net Sales- Net Sales

94.0103.4

125.3

179.5188.9

80

100

120

140

160

180

200

1996 1997 1998 1999 2000

(Euro Mil)

1996 - 20001996 - 2000

CAGR + 19.1%

2000 - Geographical Share2000 - Geographical Share

Year + 5.2%

Italy18.3%

Central & South

America16.9%

USA & Canada37.1%

Africa10.0%

Middle East8.5%

Far East7.0%

Europe2.2%

Soilmec Soilmec Division Division - Net Sales- Net Sales

1996 - 20001996 - 2000

CAGR + 9,9%

Italy15.0%

Central & South

America1.4%

USA & Canada16.3%

Africa1.2%

Middle East

26.6%

Far East16.8%

Europe22.7%

2000 - Geographical Share2000 - Geographical Share

71.7

84.5

73.776.5

104.5

50

60

70

80

90

100

110

1996 1997 1998 1999 2000

(Euro mil)

Year + 36.7%

TREVI TREVI Group Orders’Group Orders’ Portfolio Portfolio

• Total amount of 245.8 Euro Mil

• 73% will be completed during 2001

• Geographical shares

2000 % 1999 % 1998 %

Europe 61.8 25.1 79.4 39.0 78.9 38.3

USA and Canada 55.1 22.4 44.6 22.0 50.8 24.6

Central and South America 21.2 8.6 24.7 12.2 27.4 13.3

Africa 31.9 13.0 23.2 11.4 29.2 14.2

Middle East 67.4 27.5 20.6 10.1 15.9 7.7

Far East 8.4 3.4 10.8 5.3 3.9 1.9

Total 245.8 100.0 203.3 100.0 206.1 100.0

TREVI TREVI GroupGroup: : Orders’ Orders’ PortfolioPortfolio

• The orders’ portfolio of TREVI Group as at 31st March 2001 amounts to Euro 318.7 million ( + 29.6 % compared to 31st December 2000 ) ( 67% is to be performed during the year 2001)

• Of which the orders’ portfolio relevant to the Drilling Sector amountsto Euro 138.9 million ( + 132.3 % compared to 31st December 2000 )

EBITDA - EBITDA marginEBITDA - EBITDA margin

EBITDAEBITDA

(Euro Mil)

14.717.9

22.728.8

24.8

9.5%8.9%

11.4%11.3%

8.50%

0

5

10

15

20

25

30

1996 1997 1998 1999 20000%2%3%5%6%8%9%11%12%14%

MarginMargin

CAGR + 14.1% Year - 13.8%

EBIT - EBIT marginEBIT - EBIT margin

EBITEBIT

(Euro Mil)

9.9

15.914.4

9.58.4

3.4%

6.2%7.2%

5.0% 5.0%

02468

1012141618

1996 1997 1998 1999 20000%1%2%3%4%5%6%7%8%

MarginMargin

CAGR + 4.0% Year - 38.0%

Net incomeNet income

Net income - Net income percentageNet income - Net income percentage

(Euro Mil)

2.2

7.1

4.03.3

1.5

0.8%

2.9%

2.0%

0.9%

1.8%

012345678

1996 1997 1998 1999 20000%

1%

2%

3%

4%

5%

MarginMargin

CAGR + 9.4% Year - 69.0%

2.6

44.239.328.1

-10.8

46.230.0

30.221.3

36.9

1.4x

2.3x

1.6x

0.25x

-25

-5

15

35

55

75

1996 1997 1998 1999 2000

-1x

0x

1x

2x

3x

Short term debts Long term debts

(Euro Mil)

Year + 87.6%

Net debt/Net equityNet debt/Net equity

Net Net Financial Position Financial Position 2000: Euro 48.9 2000: Euro 48.9 millionmillion

0.45x

InvestmentsInvestments in in tangible assets and tangible assets and R&D R&D ExpensesExpenses

9.1

14.8

22.2

35.9

23.3

33.8

26.9

31.8

23.8

31.6

0

5

10

15

20

25

30

35

40

1996 1997 1998 1999 2000

(Euro Mil)

Tangible assetsTangible assets R&D R&D ExpensesExpenses

(Euro Mil)

3.3 3.64.2 4.2 3.9

0

1

2

3

4

5

6

1996 1997 1998 1999 2000

Net Investments Gross Investments

(Euro Mil)Euro Mil)

For the year ending December 31 For the year ending December 31 20002000 19991999 19981998

Revenues 303.9 263.0 210.4Revenues from sales and services 293.4 255.9 199.1

Other revenues 10.5 7.1 11.3

Total production costs (294.1) (247.1) (195.9)Change in inventory (2.6) (1.1) (1.2)Amortisation & depreciation (14.9) (12.9) (8.4)Capitalised costs 4.5 3.9 5.6

Operating income Operating income 9.89.8 15.915.9 14.414.4

Financial and non-recurring charges (4.4) (3.6) (5,2)

Income before taxes Income before taxes 5.45.4 12.3 12.3 9.29.2

Income taxes (3.3) (5.7) (4.4)

Minority interests 0.1 0.5 (0.8)

Net income Net income 2.22.2 7.1 7.1 4.04.0

Consolidated Income StatementConsolidated Income Statement

Dividend - 0.015 Euro per share

(Euro Mil)Euro Mil)

As at December 31 As at December 31 20002000 1999 1999 19981998

Current assets 218.5 193.5 138.7PPE 106.9 93 64.9Intangible assets 8.0 9 3.5Non-current financial assets 1.6 6.7 6.8Total assetsTotal assets 335.0335.0 302.2 302.2 213.9213.9

Current liabilities 163.2 144.6 136.6Non-current liabilities 63.3 52.0 41.3Minority interest 4.0 5.2 5.1Equity (excl. minorities) 104.5 100.4 30.9Total liabilities and equityTotal liabilities and equity 335.0 335.0 302.2302.2 213.9213.9

Total net financial debt 48.9 26.1 58.8 Short term 2.7 -10.8 30.7 Long term 46.2 36.9 28.1

Consolidated Balance SheetConsolidated Balance Sheet

1. TREVI 1. TREVI GroupGroup - Core business - Core business Davide TrevisaniDavide Trevisani

2. 2. FinancialFinancial data data asas 31st 31st DecemberDecember 2000 2000 Daniele FortiDaniele Forti



5.5. Parking Parking sectorsector Davide TrevisaniDavide Trevisani

StrategyStrategy

Car parks’ licensing and management

Strengthen the presence in the key markets, especially in USA

(also through acquisitions)

Commercial exploitation of technological innovations

Concentrate all efforts on the new business areas:

high margins and high growth rates (drilling works)

1. TREVI1. TREVI Group Group - Core business - Core business Davide TrevisaniDavide Trevisani

2. 2. FinancialFinancial data data as as atat 31st 31st DecemberDecember 2000 2000 Daniele FortiDaniele Forti


4. Drilling4. Drilling sector sector Cesare TrevisaniCesare Trevisani

5.5. Parking sectorParking sector Davide TrevisaniDavide Trevisani

DrillingDrilling sectorsector

�� Net Net sales ofsales of yearyear 2000, 2000, related torelated to the the drilling sectordrilling sector, , amountedamountedtoto Euro 41.0 Euro 41.0 millionmillion, , equal toequal to 14% of the total, of 14% of the total, of whichwhich Euro 10.5 Euro 10.5millionmillion pertain topertain to the the drilling activitydrilling activity and Euro 30.5 and Euro 30.5 million to million to thethesale of sale of equipmentequipment..

�� The The increaseincrease, , compared tocompared to the the previous yearprevious year, , amounts toamounts to Euro Euro26.2 26.2 millionmillion, , equal toequal to 177.6% 177.6%

�� The The orders’orders’ portfolio asportfolio as at 31st at 31st DecemberDecember 2000 2000 amounts toamounts toEuro 59.8 Euro 59.8 millionmillion (Euro 35.1 (Euro 35.1 million asmillion as at 31st at 31st DecemberDecember 1999, 1999,with an increasewith an increase of 70.3%) of 70.3%)

DrillingDrilling sectorsector

�� ThisThis sector is foreseen tosector is foreseen to increaseincrease itsits importanceimportance consideringconsideringprofit forprofit for thethe fiscal fiscal yearyear 2001 2001 is about is about 22% ( 14 % in 2000 ) 22% ( 14 % in 2000 )

�� The The orders’orders’ portfolio asportfolio as at 31st at 31st March March 2001 2001 amounts to amounts to EuroEuro138.9 138.9 millionmillion (Euro 59.8 (Euro 59.8 million asmillion as at 31st at 31st DecemberDecember 2000, 2000, withwithan increasean increase of 132.3 %); Euro 93.0 of 132.3 %); Euro 93.0 millionmillion forfor the the drilling activitydrilling activityand Euro 45.9 and Euro 45.9 million for orders concerningmillion for orders concerning equipmentequipment..

�� Productive capacityProductive capacity is wideningis widening and and strengtheningstrengthening in the in thefactories offactories of Piacenza, Cortemaggiore, Piacenza, Cortemaggiore, ConroeConroe (Texas) (Texas)

Total

515409 467

533 571 611 646

0100200300400500600700800

1998 1999 2000 2001E 2002E 2003E 2004E

N° Impianti di perforazione

CAGR +8.5%

Market Market analysisanalysis aboutabout on- on-shore drilling worksshore drilling works((exceptexcept forfor U.S.A. and U.S.A. and EasternEastern EuropeEurope))

Source: TREVI re-processing of data supplied by Oil Companies

Nr. of drilling systems

Details per geographic area are herebelow reported

Market Market analysisanalysis aboutabout on- on-shore drilling worksshore drilling works((except for except for U.S.A. and U.S.A. and Eastern EuropeEastern Europe))

Africa

60

36 3850 54

6677

0102030405060708090

1998 1999 2000 2001E 2002E 2003E 2004E


CAGR +19%

North Africa

38

2228

38 40

5262

01020304050607080

1998 1999 2000 2001E 2002E 2003E 2004E

CAGR +22%


Middle East

118 108 119 128145

160174

0

50

100

150

200

1998 1999 2000 2001E 2002E 2003E 2004E

Nr.of drilling systems

CAGR +10%

Europe

34 31 33 34 34 3440

0

10

20

30

40

50

60

1998 1999 2000 2001E 2002E 2003E 2004E


CAGR +2.3%

Far East

111

8393

104 108 111 114

0

20

40

60

80

100

120

140

1998 1999 2000 2001E 2002E 2003E 2004E

Nr of drilling systems

CAGR +5.2%

Latin America

186148

186218 230 240 247

0

50

100

150

200

250

300

1998 1999 2000 2001E 2002E 2003E 2004E


CAGR +7.3%

Argentina

4634

56

74 76 7970

0102030405060708090

100

1998 1999 2000 2001E 2002E 2003E 2004E


CAGR +9%

Venezuela

5543 47

66 70 73

61

0102030405060708090

1998 1999 2000 2001E 2002E 2003E 2004E


CAGR +12%

MarketMarket analysis about on analysis about on--shore drilling worksshore drilling works((except forexcept for U.S.A. U.S.A. and Eastern Europe and Eastern Europe))

�� Drilling activities will strongly increaseDrilling activities will strongly increasedue to the rising demand and the fall ofdue to the rising demand and the fall ofthe production of the existing wellsthe production of the existing wells

�� In the next years, about 90% of the oilIn the next years, about 90% of the oilproduction will be removed from newproduction will be removed from newwellswells

80%

20%

Depth Depth < 4,000 m< 4,000 m

Depth Depth > 4.000 m> 4.000 m

IndustryIndustry Outlook Outlook

80% of new80% of new wells is placed wells is placed at a at adepth lower than depth lower than 4.000 m4.000 m

IndustryIndustry Outlook Outlook

�� The The existing fleet is not able to existing fleet is not able to face the face the increasing demandincreasing demand of oil of oilproductsproducts

�� After the After the recent recent escalation of oil price, the Oil escalation of oil price, the Oil Companies haveCompanies haveplannedplanned strong strong investmentsinvestments

�� The business The business cyclic cyclic trend trend requires requires a a particular attentionparticular attention on onoperating costs reductionoperating costs reduction

�� The The forecast to mantainforecast to mantain the the actualactual oil price oil price level level (23-26 US$/(23-26 US$/bblbbl))in the in the next yearnext year and the and the possibility to possibility to reduce the reduce the operating costsoperating costsmakemake the the exploitationexploitation of of marginal wells convenientmarginal wells convenient

Source: U.S. DOE/EIASector OutlookSector Outlook

TheThe saturationsaturation levellevel ofof the current productive capacitythe current productive capacity isis 78% 78%((SourceSource: : ReedReed Tool Co Tool Co Rig Census Rig Census))

BR T-, C los e(Last Q uot e) [L ine ] D a ily07Jan98 - 26May 01

Feb98 Mar Apr May Jun Jul Aug Sep O ct N ov D ec Jan99 Feb Mar Apr May J un Ju l Aug Sep Oct N ov D ec Jan00 F eb Mar Apr May Jun Jul Aug Sep O ct N ov D ec Jan01 Feb Mar Apr May

PrU SDBbl

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

BR T- , C los e(Last Q uot e)02May 01 26 .99

BrentBrent quotationquotation - - FebFeb. 98 - . 98 - AprApr. 01. 01SourceSource: : ReutersReuters

�� Soilmec Soilmec Division produces a wide range of integratedDivision produces a wide range of integrateddrilling systems.drilling systems.

�� Moreover, it designs and produces special componentsMoreover, it designs and produces special componentsthat are highly that are highly personalisedpersonalised, such as derricks, masts,, such as derricks, masts,understructuresunderstructures, hydraulic rigs and other equipment, all, hydraulic rigs and other equipment, allcapable of working on any type of soil and under anycapable of working on any type of soil and under anyweather conditions.weather conditions.The PRODUCTIVE RANGE :The PRODUCTIVE RANGE : � Water Wells

� Oil WellsMAS seriesWORKOVER rigsDERRICKS and OFFSHORE mastsHYDRAULIC HOIST series

� Pumps� Mud Systems� Handling

ProductiveProductive rangerange

Offices: 450 mq

Factory Area: 46,600 mq

Covered Area: 12,000 mq

Personnel: 139

�� SoilmecSoilmec Division performs its productive activity in the Division performs its productive activity in thefollowing factories:following factories:

Productive rangeProductive range

Offices: 1,100 mq



Personnel: 35

Soilmec Branham Inc.Conroe - Texas - USA

Soilmec Drilling Equip. DivisionPiacenza (PC) - Italy

Soilmec Oil Field ServiceCortemaggiore (PC) - Italy

Offices: 430 mq



Personnel: 55

�� HH is an automatic hydraulic drilling rig that provides the most ground-breakingHH is an automatic hydraulic drilling rig that provides the most ground-breakinganswer in the last years to the drilling industry's needs.answer in the last years to the drilling industry's needs.

�� HH is the result of the joined efforts of Soilmec DED, as manufacturer, and the ItalianHH is the result of the joined efforts of Soilmec DED, as manufacturer, and the ItalianEnergy Group, E.N.I., through AGIP and SAIPEM, to develop a completely new type ofEnergy Group, E.N.I., through AGIP and SAIPEM, to develop a completely new type ofdrilling rig to satisfy the “new millennium” needs in the oil and gas research.drilling rig to satisfy the “new millennium” needs in the oil and gas research.

�� HH rigs have obtained the worldwide customer’s recognition to have successfullyHH rigs have obtained the worldwide customer’s recognition to have successfullyreached the following main targets:reached the following main targets:

–– Average reduction of the total drilling costs up to 30%;Average reduction of the total drilling costs up to 30%;–– A drastic reduction of accidents and A drastic reduction of accidents and breakagesbreakages–– Average reduction of the mobilization and transport costs up to 40%;Average reduction of the mobilization and transport costs up to 40%;–– Average improvement of drilling performances up to 30%;Average improvement of drilling performances up to 30%;–– Simplification of the drilling operations with special attention paid to HSE of theSimplification of the drilling operations with special attention paid to HSE of the

drilling crew;drilling crew;–– AutomatisationAutomatisation of the drill pipe’s and casing’s handling and tripping operations; of the drill pipe’s and casing’s handling and tripping operations;–– Reduction of the environmental impact by reducing the yard area and by realizingReduction of the environmental impact by reducing the yard area and by realizing

a truly sound-proof rig.a truly sound-proof rig.

ADVANCE ADVANCE RigsRigs - - Hydraulic Hoist TypeHydraulic Hoist Type

G-125 G-125 vsvs. Standard Rig. Standard RigHydraulic rig G-125Hydraulic rig G-125

MASTMAST

NrNr.. of ofLOADSLOADS

PIPEPIPERACKRACK

70 22

NOTNOTINSTALLEDINSTALLED

MOVABLE F/WELLCENTREMOVABLE F/WELLCENTRETO MOUSE HOLETO MOUSE HOLE

TELESCOPIC

TELESCOPIC

TRADITIONALTRADITIONAL

VERTICALVERTICALSYSTEMSYSTEM

STANDARD

STANDARD

Standard rig 1000 Hp

TOPTOPDRIVEDRIVE

Main AdvantagesMain Advantages

50 m50 m24 m24 m

MainMain AdvantagesAdvantages

• Dry location required• Waterproof drilling floor, mud pump& tanks borders

• Additional equipment for cuttingtreatment• Land farming with cutting

• Re-utilisation of treated drillingwater• Re-utilisation of hydraulic & engineoil

Safeguard of the environmental protection

Reduce FootprintReduce Footprint

“ “TraditionalTraditional RigRig””

G-125 G-125 RigRig


G-200 G-200 RigRig

G-125 G-125 RigRig

– Assembled on a 3-axis semi-trailer,weight and dimensions designed inconformity with the road code

– Understructures and masts areperformed by hydraulic cylinders

Quick rig assembling on site /Quick rig assembling on site /Easy rig handling on siteEasy rig handling on site


High automationHigh automation– Hydraulically controlled drilling parameters– Handling of drilling rods without manual operations

Future applications:completely automatic drillingrigs

OritupanoOritupano Leona - Venezuela Leona - Venezuela

ASSUMED TIME “Perez Companc”WORKED TIMEASSUMED TIME “Perez Companc”WORKED TIME

Time saving3.04 daysTime saving3.04 days

Vertical wellsVertical wellsTIEMPO DE OPERACION

8,5

5,46

0123456789

ORM-144

DIA

S

TIEMPO DE OPERACION

8,5

5,46

0123456789

ORM-144

DIA

S

Operation timeOperation time

Day

sD

ays

Directional wellsDirectional wells

TIEMPO DE OPERACION

9

6,42

0123456789

10

ORM-147

DIA

S

TIEMPO DE OPERACION

9

6,42

0123456789

10

ORM-147

DIA

S

Operation timeOperation time

Day

sD

ays

Time saving2.58 days

Time saving2.58 days

YearYear 2000 2000

Depth 6,900 feetDepth 6,900 feet

Depth 7,380 feetDepth 7,380 feet

OritupanoOritupano Leona - Venezuela Leona - Venezuela

1,50

1,70

1,90

2,10

2,30

2,50

2,70

2,90

ORM-134

ORM-135

ORM-136

ORM-137

ORM-138

ORM-139

ORM-140

ORM-141

ORM-142

ADM-111

ORI-172

ORM-143

ORM-144

ORM-145

ORM-146

ORM-147

ORM-148

ORM-149

ORM-150

ORM-151

ORM-152

ORM-153

ORI-173

ADS-105

LG-527

DaysDays

Average time for mobilisation/transport: 2.15 days/well

YearYear 2000 2000

Oritupano Leona Oritupano Leona - Venezuela- Venezuela

0

50

100

150

200

250

300

350

ENE

FEB

MAR ABR

MAY JUN

JUL AG

SEPT

OCT

NOV

DIC

ACUM

MES

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

ENE

FEB

MAR ABR

MAY JUN

JUL AG

SEPT

OCT

NOV

DIC

ACUM

MES

Safety index

Accidents’ Frequency

YearYear 2000 2000

IF = number of wasted days + worked hours forIF = number of wasted days + worked hours for1,000,000 / worked hours1,000,000 / worked hours

IF = number of accidents x 1,000,000 / workedIF = number of accidents x 1,000,000 / workedhourshours

IF

IFMONTHLYACCUMULATED

MONTHLYACCUMULATED

1. TREVI 1. TREVI GroupGroup - Core business - Core business DavideDavide Trevisani Trevisani

2. 2. FinancialFinancial data data as atas at 31st 31st DecemberDecember 2000 2000 Daniele FortiDaniele Forti

3. 3. Strategy Strategy DavideDavide Trevisani Trevisani


5.5. Parking sectorParking sector Davide TrevisaniDavide Trevisani

TreviPark’s activity areasTreviPark’s activity areas

MechanicalCar Parks

Licenses Management- Managerial

Services

�� DesignDesign

�� ConstructionConstruction

�� ManagementManagement

�� BOTBOT

�� Project financingProject financing

�� Video-Video-surveillancesurveillance

�� VideocontrolVideocontrol�� TotalTotal

ManagementManagement�� ParkingParking�� City cardCity card

�� Web SiteWeb Site www.www.parkingonlineparkingonline.net.net

�� DesignDesign

�� ConstructionConstruction

�� MaintenanceMaintenance and and after after--salessales assistance assistance

Mechanical Car Parks Licenses

Management -Managerial

services

Managerial ServicesManagerial Services

• VIDEO- SURVEILLANCE

• VIDEOCONTROL

• TOTAL MANAGEMENT

Custody, speakerphone assistance, direct alarms control

Custody, speakerphone assistance and remote-controlled intervention, direct alarms’control

Operative management of the car park,including payments, custody, assistance,intervention, alarms control

In cooperation with SKIDATA and TELECOM “ Full Business”

TreviPark TreviPark ManagementManagement

Concessionaries

Public Administrations

Administrators

Mechanised PrivateCar Parks

Multistorey CarParks

Car parks’network:interlink madepossible by aDSL largeband system.

BANKInterbanking Services

Cars’ Transit Management

Receipts directly credited

Control Center

Road parking(Parking meters)Car Parks at road level Mechanised Public Car Parks

Documents

Financial Statements as at 31st December 2000 Meeting with the … · Financial Statements as at 31st December 2000 Meeting with the Financial Community Milan, 4th May 2001. 1. TREVI