Agenzia nazionale per l’attrazione degli investimenti e lo sviluppo d’impresa SpA INVITALIA: the gateway for foreign investors in Italy Foreign Investment Commission 58 th UIA Congress in Florence, 30 th October 2014

Italy represents 1,6% of the global FDI stock (ranks eighth in Europe and seventieth in the world). Source: UNCTAD, World Investment Report, 2014 Value in billion dollars Ranking INWARD INVESTMENT STOCK – EUROPE (mln dollars- 2013) GLOBAL FDI FLOW IN ITALY IN THE LAST 13 YEARS Source: Unctad, World Investment Report, 2014 Italy attracts far less FDI than other large EU countries

Manufacturing industry Despite the crisis, Italy is the 5° manufacturing economy Worldwide and the 2° in Europe Manufacturing industry Despite the crisis, Italy is the 5° manufacturing economy Worldwide and the 2° in Europe Innovative clusters Italy ranks 2° in the world for productive innovation-oriented clusters Innovative clusters Italy ranks 2° in the world for productive innovation-oriented clusters Value chain Italy produces high-quality goods with export-oriented companies present along all the value chain (12°) Value chain Italy produces high-quality goods with export-oriented companies present along all the value chain (12°) Business culture More than 4 million entrepreneurs Business culture More than 4 million entrepreneurs Stable social framework Fair relationship between the social partners Stable social framework Fair relationship between the social partners Nature of competitive advantage Italy ranks 11° worldwide per unique products Nature of competitive advantage Italy ranks 11° worldwide per unique products Market size Italy is the 10° largest market in the world, with significant economies of scale Market size Italy is the 10° largest market in the world, with significant economies of scale Cultural heritage First worldwide for Unesco World Heritage sites Cultural heritage First worldwide for Unesco World Heritage sites Good positioning on sectors with high growth potential Fashion, home furnishings, capital goods, aerospace, robotics, pharma and bio-tech Good positioning on sectors with high growth potential Fashion, home furnishings, capital goods, aerospace, robotics, pharma and bio-tech International dimension Italy ranks 12 worldwide in FDI ranking by source and it is one of the world’s 10 leading exporting nation with almost 500 billion euros of export International dimension Italy ranks 12 worldwide in FDI ranking by source and it is one of the world’s 10 leading exporting nation with almost 500 billion euros of export A great potential to value

Source: 2014 AT. Kearney, FDI Confidence Index Italy makes a come-back to the FDI confidence index for the first time since Moved-up Moved down Stable On-going reform process to bolster investor confidence Introducing nationwide standard procedures for any permits required. Adapting contractual rules to the specific feauture of each new investment Implement a consolidated text of Italian employment law. Regulatory certainty Reforming the Conference of services to speed-up the authorization processes Simplifying procedures for settling employment disputes Streamlining court proceedings Timescale certainty Introducing tax agreements for investments above a certain threshold Introducing an Investors’ Desk at the Revenue Agency Reforming the provision governing the abuse of right Fiscal certainty * Value calculated on a scale 1 to 3 The Government is engaged in setting-up a new set of reforms with the view to facilitate foreign investors throughout their investments’ life cycle.

Invitalia, the National Agency for Investment Promotion and Enterprise Development, operates on behalf of the Italian Government. Its aims are increasing the country’s competitiveness, especially in the Southern regions and supporting strategic sectors for development. Invitalia mission

Our services The service kit spans from updated information on the business environment to investment opportunities in specific sectors and business advisory services throughout the implementation process. Invitalia's services are tailor-made, free of charge and confidential. Pre-investment information Business set - up support After care Invitalia provides investors with preliminary information and strategic analysis apt to identify and select the best business opportunity Invitalia facilitates the business set-up process through the provision of operational services Invitalia offers companies already in Italy a spectrum of services for reinvestment and expansion (solution of administrative issues, expansion of existing facilities) Information services Support/advisory services

Industrial Minimum investment program: 20 mln € Minimum of 7,5 €/mln in case of agro food processing activities Turism Minimum investment program: 20 mln € The Development Contract is an Agreement between the Ministery of Economic Development, acting through Invitalia and the companies involved to implement investment projects in Italy. Grant and soft loan to capital investment and to research and experimental development investment Leading multinationals have already benefited from the Development Contract: Rolls Royce, Unilever, Vodafone, Sasol, Denso Incentives package: The development Contract Energy Saving Minimum investment program: 20 mln €

A purpose-built network dedicated to bringing foreign business to Italy Invitalia Business Network Regions and local IPAs Institutional Partnership Provide opportunities to exchange information and know-how Organize qualified projects targeting the domestic and international business communities Italian Diplomatic network Italian Trade Commission Confindustria Foreign Italian Chamber of Commerce Foreign institutions, etc.. One stop shop INVITALIA Define investment packages Promote business opportunities Provide with investors tailored made services and facilitate the implantation process

Business partnerhsips With the view to strenghten the promotional activities towards the target countries, Invitalia has set up a close cooperation with some leading mertchant banks worldwide. Share promotional activities Organize specific workshops and BtB Identify potential leads among their clients Channel multiplier BNL BNP Paribas Unicredit Bank of Tokyo Mitsubishi China Development Bank BankMuscat Channel multiplier BNL BNP Paribas Unicredit Bank of Tokyo Mitsubishi China Development Bank BankMuscat Target countries United States Japan China Gulf Areas India Target countries United States Japan China Gulf Areas India Invitalia also cooperates with numerous law firms both in terms of promotion activities and assistance for foreign companies in their implementation process

Philippe Tandeau de Marsac Inward Investment Invitalia Agenzia nazionale per l’attrazione degli investimenti e lo sviluppo d’impresa SpA Via Calabria, Roma Contacts