ROPEWAYSRoad Map

Very interesting verify rope diameter of the Italian’s last 10 years realizations:

Detachableq.ty Ø rope high

1 56 1.300

3 54 900-1000

tot 3 52 500

28 17 50 100-600

cabin 8p 4 48 300-400

4 46 300

8 44 200-500

tot 6 42 300-500

30 16 40 100-400

chairlif t 4 p. 8 38 200-400

70 tot

Fixedq.ty Ø rope high

tot 2 44 300

18 10 40 50-400

1 38 500

3 36 100-400

2 34 50-300

5 32 100-300

4 30 100-200

3 28 200

tot 30 tot

Worldwide Installations -27% -12% -11% 11% -16% 2011

# 07 08 09 10 11 # €

tot 280 246 220 244 205 100%100%

special projects 6 15 12 16 14 7% 9%

detachable gondola lifts 58 46 46 52 42 20% 40%detachable chairlifts 85 58 72 70 62 30% 37%

fixed grip chairlifts 66 67 48 56 45 22% 11%surface lifts 65 60 42 50 42 20% 2%

WAY TO THE MARKET

Develop at first 2 project:

1) Fixed chairlift 4 places, with Ø rope 40mm

2) detachable chairlift 6 places and Cabin 8 places with Ø rope 48/52 mm

PROJECTLEADER

MECHANICAL DESIGN

ELECTRICAL DESIGN

STRUCTURS DESIGN

GENERAL DESIGN

NEWCO ORGANIZATION

PRESIDENT

1 General Manager - technical department, workers, employees 1 Technical Director to manage Engineering Department1 mechanical engineer to signs mechanical project (it needs for certification)1 electronic engineer to signs electrical project 1 quality manager to manage certification

Supplyer:

Engineering Society expert in ropeways plant to remodel mechanical design: we need a solution for CE market, and a solution for Extra CE Market

Electronic equipments, motors, wiring: from market

China Ropeways Market

InstituteCHME

Assembly C.

Assembly company

Customer Customer

Test Center(Licences)

Doppelmayr (60%) Poma (30%)Leitner (10%)

Mechanical component

Licence

Workshop

NorthVehicle

200 Fixed just installed (20% chairlift, 80% cabin for tourism); 30 new Fixed every year (very low technical level, out of CE market); 6 new Detachable every year Benchmark for Fixed chairlift/cabin: 0,5 mil €, but high level technology solution (CE version) has higher value Benchmark for Detachable chairlift/cabin (length 1360m): Electromechanical supply: Leitner 3,8 mil € - Doppelmayr 4,35 mil € - Civil work supply: 0,3 mil € - Installation supply: 0,8 mil €

WAY TO THE MARKET

1) design mechanical part and civil work in agreement with Dimensione Ingegnerie Engineering

2) manage production in Europe and China

Production costs with Beijing North Vehicle Group Corporation

45% of European reference

Able to supply 6.000 h for year of senior designer to develop all kind of ropeways system. Just developed F CE and SK CE; 16.000 h/man to develop a D CE.

Seggiovia ad ammorsamento fisso seggiole a 4 posti

COSTI "ITALIA" COSTI "CINA"

Q.TA P.U. (Kg) P TOT (kg) € - €/Kg tot (€) € - €/Kg tot (€)

Fusti sostegni 10 3.000 30.000 3,0 90.000 1,345 40.350

Testate da 5,2 m per rulliere in appoggio 7 700 4.900 4,5 22.050 2,0 9.800

Testate da 5,2 m per rulliere in ritenuta 3 850 2.550 4,5 11.475 2,0 5.100

Falcone 2 450 900 5,0 4.500 2,3 2.070

Rulliera a 8 rulli in appoggio 14 950 13.300 12.000 168.000 6.100 85.400

Rulliera a 8 rulli in ritensione 6 950 5.700 12.000 72.000 6.100 36.600

Rulli 160 40 6.400 600 96.000 283 45.280

Puleggia motrice d.5,2m e corona dentata 1 9.700 9.700 85.000 85.000 38.800 38.800

Telaio principale stazione motrice 1 9.000 9.000 5,0 45.000 2,0 18.000

Riduttore 1 3.500 3.500 49.500 49.500 13.800 13.800

Freni di servizio 2 50 100 3.200 6.400 1.000 2.000

Freni di emergenza 2 500 1.000 6.900 13.800 2.500 5.000

Gamba metallica sostegno stazione motrice 1 3.500 3.500 3,5 12.250 1,7 5.950

Puleggia di rinvio d.5,2m (2 o 3 pezzi) 1 1.000 1.000 26.000 26.000 23.500 23.500

Telaio principale rinvio e tensione 1 3.000 3.000 5,0 15.000 2,0 6.000

Slitta di tensione 1 3.200 3.200 5,0 16.000 2,0 6.400

Gamba metallica sostegno stazione rinvio 1 3.500 3.500 3,5 12.250 1,7 5.950

Cilindro oleodinamico 1 1.000 1.000 6.400 6.400 995 995

Fune portante traente (zincata) 1 14.300 14.300 5,5 78.793 1,108 15.844

tot mecc.Elettrica

830.418150.000

366.839100.000

Costi dei materiali: TOT € 980.418 466.839

Business Plan

Legend: F=fixed chairlift; D=detachable chairlift/cabin

2012Fixed Chairlift mil € 1 F CE 1,5 2 F 3 5 F 7 10 F 14

1,5 mil € CE; 700 k€ Extra CE 1 F China 0,7 1 F Extra CE 0,7 4 F 2,8 5 F 3,5 5 F 3,5Detachable 6P mil € 1 D CE 5 1 D 5 2 D 10 4 D 185 mil € CE; 2,5 mil € Extra CE Extra CE China 1 D 2,5 1 D 2,5Remodel & Spare Parts 1 2 3 3

Tot 0,7 8,2 12,8 26 41

1.000 h/man 16.000 h/man 7.000

mil € Development from 2012 to 2014 20120,80 Europe employee and cost 0,10 0,30 0,40 0,5 0,5 0,60,5 Marketing 0,02 0,18 0,3 0,4 0,5 0,50,12 Project Managment 0,06 0,06 0,4 0,5 0,60,20 F Gen. & Executive Design 0,06 0,04 0,10,4 F CE Certification 0,2 0,20,48 D General Design 0,14 0,14 0,20,4 D Executive Design 0,2 0,20,1 design follow up 0,05 0,053,6 D chairlift prototype 1 1,3 1,30,8 Civil work 0,4 0,40,8 Other costs & management 0,4 0,40,5 electronic equipment 0,2 0,1 0,20,6 D CE Certification 0,3 0,39,30 mil € from 2010 to 2011 0,18 1,76 7,36 1,3 1,5 1,7

2013 2014

2016

2015 2016 2017

2017SALES 2013 2014 2015

COSTS

Business Plan

Legend: F=fixed chairlift; D=detachable chairlift/cabin

h/month 160

h/year 1600 h/man h/man S: fixed 2/4 seat

internal external A: deachable 2012 2013 2014

q.ty tot tot €/h k€ Activity 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12

5 months 5 800 50 40 S General Design

4 months 4 640 35 22 S Executive Design

S production

200 Sottosist.5-Electr. Eq.

Pilons, Cover

Commissionig

40 S Certification

5 months 5 800 50 40 A General Design 12

months 12 1.920 35 67 A Executive Design 2p

A production

2 years 2 3.200 50 160 Quality System

100 ERP implementation

2 years 2 3.200 50 160 Management

500 Sottosist.5-Electr. Eq.

Pilons, Cover

Commissionig

80 A Certification

8.960 1.600 1.410 k€

Development

2015 2016

Market Goal: 20% of F & D in 2017

Resort DesignIntegrated engineering

Legend: F=fixed chairlift; D=detachable chairlift/gondolas; RR = Reversible Ropeways; SK = Ski lift

Reversible Ropeway, Public Transport,Amuse Equipment Design

type China others mil € totRR 13D 4 136 4,0 560F 13 87 1,0 100SK 52

Market mil € 660

M