Austep group general presentation usa

AUSTEP GROUP

AD TURNKEY

PROVIDER

BIO-METHANE HANDLINGCO-GENERATION

WASTEWATER TREATMENT CO-INVESTOR OF PLANTS

INTRODUCTION

Austep Group is a Group of companies owned by Austep SpA, incorporated in 1995, and offer the followings:

� From A to Z solutions to biogas plant owners

� Provider of ancillary solutions : Waste water treatment, CHPs (natural gas, landfill) Biogas upgrade systems, conveyers, pretreatment and handling units.

� Patented solutions to difficult substrates’ based biogas Plants (Chicken litter, MSW – Municipal Solid Waste – , Slaughter house waste)

� Pretreatment & heavy duty sorting machinery manufacturer

� Co-investor and developer of biogas plants

With 20 years of experience, a comprehensive flexible approach, a global presence, and a guaranteed performance, “Austep Group” is the preferred entity to partner with in the industry

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AUSTEP USA

AUSTEP KOREA

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AUSTEP GROUP

AUSTEP BULGARIA

AUSTEP W2E POWER

Austep

� 20 years of experience

� “One stop shop” (Technology, WWT, CHP, b:UP, handling machinery)

� A comprehensive solution for “Waste 2 Energy”

� 249 plants worldwide

� Operating and servicing 20 plants.

� Ownership of 7 plants (3 under construction)

� Revenue 2011-2016 from $ 12 M to $ 92 M (+650%)

� EBITDA 2011-2016 from $ 0,7 M to $ 8.7 M (+1100%)

� Exp. turnover 2015 $ 81 M – EBITDA $ 6.6 M

� Production guarantee for 90% of the theoretical production

� Global presence in 10 countries!

HIGH LIGHTS

OUR USPs - in short

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AUSTEP S.p.A.

(Italy)

PULIFICI Steel Construction S.r.l. (100%)

SPK Power Generation S.r.l. (100%)

AUSTEP USA Inc. (100%)

AUSPARK LLC (100%)

AUSTEP BULGARIA (100%)

AUSTEP KOREA (50%)

OPERATIVE CHART

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AUSTEP S.p.A.

(Italy)

EcoStep S.r.l. (38%)

Cedro S.r.l. (24%)

Bosmina S.r.l. (5%)

Revere S.r.l. (10%)

Orbit Energy Charlotte LLC

(10%)

Orbit Energy Rhode Island LLc (10%)

Energon Srl (65%)

OWNERSHIP RIGHTS IN SPVs

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� 1878 The Austin Company, an engineering company, was incorporated in Cleveland (USA)by Samuel Austin. The Austin Company, is owned by Kajuima Corporation one of the top 20leading construction and engineering groups worldwide, with a consolidated turnover of USD 18.5B, during 2012.

� 1966 – “Austin Italia” was incorporated to provide engineering services to the AustinCompany in Italy.

� 1995 – Austep S.p.A was incorporated as a “spinoff” from Austin Italia, to engineer andconstruct the Fiumicino Airport, Rome.

� 1996 – The 1st waste water treatment plant (WWTP) was designed and constructed in a refineryin Italy

� 1997 - The 1st WWTP was designed and constructed overseas

� 2005 - Change of ownership –March 4th, 2005, PhD. Massone together with a group ofinvestors, acquired 100% of Austep S.p.A.’ ownership rights, from “Austin Italia”. PhD. Massonewas appointed CEO of Austep S.p.A..

AUSTEP HISTORY

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� 2007

• The first Maintenance & Operation (M&O) contract was signed and implemented

• A 10,000 square feet new headquarter in Milan

� 2009 – The design & construction of an AD for plant in the largest slaughter house

in Europe based on:

• 100% built, owned & operated (BOO) by Austep S.p.A.

• A “buy back” option was negotiated with the Slaughter house company

� 2010

• Going Global - Design & engineering of a 7Mw plant in Belgium

� 2011

• The Slaughter house company exercised its “buy back option”

• Austep won a public tender for the first S. Korean slaughterhouse waste plant

• The 1st OFSW (segregated MSW) plant was designed and constructed in nearby Milan

• a biogas & composting solution based on OFSW

• A prototype model of the Tornado was installed

AUSTEP HISTORY

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AUSTEP HISTORY

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� 2012

• 100% chicken litter plant solution was developed for owner

• Austep was awarded and recognized as the leading Technology provider in designing andconstructing of biogas plants based on slaughterhouse waste

� 2013

• The 1st Tornado ©, most efficient pretreatment machinery (5kwh/t) was patented and installed

• The 1st 80% chicken litter biogas plant was designed & built in Italy, utilizing our patentedsolution

• The 1st 1.8Mw Plant was designed, constructed and commissioned in Bulgaria

• Austep S. Korea was incorporated

• Austep Bulgaria was incorporated

� 2014

• AUSPARK LLC and AUSTEP USA INC were incorporated in the USA

AUSTEP HISTORY

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� 2014

• AUSPARK LLC entered into an EPC agreement to design, & construct a 5.2 Mw/h plant inCharlotte North Carolina, USA

• AUSTEP USA INC entered into an EPC agreement to design, & construct a 3.2 Mw/h plant inJohnston Rhode Island,, USA

• The 1st biogas upgrade system (b:UP ©) was installed and commissioned

• A 2nd 1.8Mw 85% chicken litter based Plant was commissioned in Bulgaria

• Pulifici Srl a pretreatment and heavy duty sorting machinery manufacturer was acquired(100%) by Austep SpA.

• SPK Srl a packaging company of CHPs and energy solution providers was acquired (51%) byAustep SpA

• Dec. 2014, acquisition of 65% of the ownership rights in En-ergon Srl, an OFSW 1.8Mw/h plant.to be built in Italy

� 2015 - Started construction on the NC and RI plants in the USA

Management and Ownership

Alessandro Massone Ph.D. CEO of Austep Group, and a major shareholderof Austep SpA. He holds a Doctorate degree from Ghent University, Belgium, inNitrification and Biogas. PhD. Massone also graduated with a Civil Engineer degreefrom the Milan Polytechnic.

PhD. Massone, acquired Austep SpA at the beginning of 2005, from the AustinCompany, and he developed the company from a waste water solution providerto an A-Z comprehensive solution provider for AD plants.

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Prof. Willy Verstraete Chairman of the Supervisory Board of AustepSpA graduated in 1968 from the Ghent University as bio-engineer. In 1971, heobtained a PhD degree in microbiology at the Cornell University, Ithaca (USA).Since October 2011, he is serving as an emeritus professor in Ghent University.Prof. Verstraete is acting as the head of Supervisory board of the Austep, as well asthe head of the stirring committee.

Michele Lissoni, Commercial Manager, a board member, and ashareholder of Austep SpA. He graduated with a Ph.D degree from PolytechnicUniversity in Milan in Environmental andTerritory Engineering.

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Andrea D’Auria, CFO, Chief Financial Officer and Boardmember. Mr. D’Auria graduated with a Master degree in “Corporate Finance

and Banking” – SDA Bocconi, Milan - Master in “Work, Welfare and Hrmanagement” - Master and Degree in Economics

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Roberto Zocchi , COO, Chief Operational Officer, holds anEnvironmental and territory engineering degree from Polytechnic Universityof Milano

Roberto Fiume, Sales & Marketing Manager, holds anEnvironmental and territory engineering Degree from Polytechnic Universityof Milan

Giulio Becatti, CTO, Chief Technical Officer. He holds a Masters

Degree in Chemical Engineering

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Asnat Drouianov, Vice President ofAUSTEP USA INC.CPA (with a degree in Economics and Accounting from TA University, Israel). With morethan 18 years of experience in the capital market, and a former partner of PWC, Ms.Drouianov is acting as the Vice President of AUSTEP USA INC and as VP for overseasSubsidiaries and Global development.

From January 2009 and until July 2013, Ms. Drouianov has served as the GeneralManager of a leading German AD technology provider listed in the Frankfurt stockexchange market. Under her management the company has become into one of theleading technology providers worldwide with approx. 450 projects built in differentcountries, Ms. Drouianov has also been acting as the CEO of the investment subsidiaryof the Group focusing on developing and operating such plants in Europe.Ms. Drouianov has joined Austep Group in September 2014, bringing more than 30years of global business experience with her.

Randall Rose, Senior Project Director for AUSTEP, USA, INC/AUSPARK LLC. Manages

the design, construction and operation of two Waste-to-Energy Biogas facilities; one inCharlotte, NC (5.2 MW) and one in Johnston City, RI (3.2 MW). Coordinates designs andconstructs activities for each project, with the Italian staff of engineers, US third-partyengineers, US contractors, plus local municipal, and state government officials.He graduated from Washington University in St. Louis Missouri with a degree in CivilEngineering and his experience in construction takes over 40 years (among others:construction projects covering public infrastructure, commercial, tall structures,and industry). In addition his experience includes work through out the United States,

West Africa, and Israel.

AUSTEP: OUR TECHNOLOGY

� Biogas production from waste and biomasses

� Bio-methane

� Wastewater treatment

� Industrial wastewater reuse

� Soil remediation

� Heat recovery and reuse

� Power generation from natural gas

� Handling

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� Austep SpA is a biogas technology provider offering Project developers and ownerscomprehensive solutions for biogas.

� 20 years of experience originating from waste water treatment solutions, throughdevelopment of innovative solutions for complicated and difficult to be treated substrates.

� Pretreatment units for OFSW, MSW, and food leftover, at 99% guaranteed purity.

� Sorting, biogas, waste water treatment, composting, energy production (gas/electricity).

� Over 8500 annual operating hours, and an average efficiency of 96%.

� A Production guarantee of 90% of the theoretical energy, back by a financial instrument.

BIOGAS TURNKEY PROVIDER

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UP-GRADING FOR BIO-METHANE PRODUCTION

b:UP TECHNOLOGY

b:UP TECHNOLOGY

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� b:UP technology, was developed by Austep

� based on membrane filtering of biogas

� Selectivity is given by different permeability ration of biogascompounds.

�Bio-methane performance depends on temperature, pressure,compounds inlet concentration.

b:UP TECHNOLOGY

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AUSTEP: OUR NUMBERS

Our expertise and capabilities led us to design and construct 249

plants worldwide focusing on:

� Biogas installation

� Water and wastewater treatment plant

� Biogas and water treatment plant comprehensive solutions

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AUSTEP: FACTS AND FIGURES

3,600 4,8006,000

9,600

12,293 29,292

29,89738,400

*81,400

*92,500

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Austep Group Turnover (in USD’000)

USD

* Projected figures for2015 & 2016

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AUSTEP: FACTS AND FIGURES

300 372 456 564698

2,086

1,033

2,340

* 6,606

*8,700

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Austep Group EBITDA (in USD’000)

USD

* Projected figures for 2015 & 2016

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AUSTEP: OUR REFERENCES

√ Waste 2 Energy √ Water & Waste WaterTreatment √ Biogas andbio-methane Production

√ Advanced WWTP √ Handling √ Co-generator21

12.500 m3/d BIOGAS FROM SLAUGHTERHOUSE WASTE

OWNERSHIP & OPERATION

Austep designed, built and owned, until 2011,

an anaerobic digestion plant for the

treatment of slaughterhouse waste from a

production facility in Ospedaletto Lodigiano

(LO), Italy.

Substrates : grease, rumen, blood, sludge

Feedstock: 130 t/d mix

Biogas Production: 12.500 m3/d biogas

Power Production: 1,0 MW

Size: n. 2 digesters 3.000 m3 each

WWTP & N Removal: SBR

ConstructionYear: 2008


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Austep designed, built and owns an anaerobic

digestion plant for biogas production from

energy crops and cow manure close to

Alessandria (AL). Italy.

Substrates: Silage, Cow manure, Cow sewage

Feedstock 100 t/d mix

Power production: 1.0 MWh

SIZE: n. 2 digesters 3000 m3 each

ConstructionYear : 2012

1.0 MW BIOGAS PRODUCTION PLANT



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Austep designed, built and owns an anaerobic

digestion plant for biogas production from

biomass and cow manure in Curtatone -

Mantova (MN), Italy.

Substrates: Silage, Cow manure, Cow sewage

Feedstock: 87 t/d mix

Power production: 1,0 MW

SIZE: n. 2 digesters 2.400 m3 each

Construction year 2012

1.0 MW BIOGAS PRODUCTION PLANT



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WATER TREATMENT PLANT FOR FISH INDUSTRY

OPERATION EXPERIENCE

Austep designed, built and operated an

anerobic waste water treatment plant for a

fish industry that transform fish for grocery

stores in Biandrate close to Novara (NO),

Italy.

PROJECT FLOWRATE 600 mc/d

COD CONCENTRATION 3.000 mg/l


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WATER TREATMENT PLANT FOR FROZEN FOOD INDUSTRY

OPERATION EXPERIENCE

PROJECT FLOWRATE 320 mc/d

COD CONCENTRATION 16.000 mg/l

We designed, built and operated an anerobic

waste water treatment plant for a frozen

food industry in Gattico close to Novara

(NO), Italy.


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GLOBAL PRESENCE

HEADQUARTERVia Mecenate 76/4520138 Milan – Italy

Phone +39 02 509947.1E-mail [email protected]

www.austep.com

SUBSIDIARIES

AUSTEP Korea AUSTEP Bulgaria AUSTEP USA Inc.Seoul, South Korea Sofia, Bulgaria Charlotte, NC

NewYork, NY

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COMMERCIAL OFFICES

DUBAI, UAE SAU PAOLO, BRASIL

DEALERS

MOSCOW, RUSSIA JOHANNESBURG, SOUTHAFRICA

GLOBAL PRESENCE

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GLOBAL PRESENCE

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SPK Power Generation is a multinational company based in Italy, and is

recognized as one of the major players in the Distributed Power Generation Market.

SPK Power Generation designs, manufactures and maintains Power Plants

based on the technology of internal combustion engines. SPK offers a completerange of engines and ancillary devices of the latest generation gas fueled, biogas,landfill gas and diesel able to produce electricity, heat, chill and steam in generative,co-generative and tri-generative mode.

SPK Power Generation is focused on providing energetic and efficient

solutions to power plants worldwide.

CO-GENERATION

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PULIFICI STEEL CONSTRUCTION is a company based in Italy and specializes in plants andmachines construction for heavy duty industries of bulk material handling.

Thanks to a well-established experience and its know-how, PULIFICISTEEL CONSTRUCTION designs and builds high efficiencytransportation and waste selection systems.

PULIFICI STEEL CONSTRUCTION certainly represents abenchmark in waste treatment field and in energetic valorisation fromorganics from MSW and biomasses. Its business includes complete lines ofcrushing, sieving, selection and transportation in ecological gathering placesfor organics waste.

HANDLING

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CO-OWNER & DEVELOPER

�Austep SpA is not only a technology provider but also a co-owner, investor and adeveloper of AD plants in Italy and worldwide.

�Austep SpA built its first BOO plant in 2009, and has successfully sold it to theSlaughterhouse owner, after 2 years of efficient operation.

�We invest our resources in what we believe.

�Austep S.p.A. is aiming to become not only a technology provider, but also an investorand owner of a portfolio of W2E projects.

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Name: Alessandro Massone

Austep S.p.A.

CEO

Cell: +39 335 6030840

Email: [email protected]

CONTACT DETAILS

ThankYou!

For further information please visit our website www.austep.com or contact us:

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Name: Asnat Drouianov

AUSTEP USA INC.

Vice President

Cell: +1 704 460 6191

Email: [email protected]