Source: UNCTAD, World Investment Report, 2014

1. INVITALIA: the gateway for foreign investors in Italy Foreign Investment Commission58th UIA Congress in Florence, 30th October 2014

2. Italy attracts far less FDI than other large EU countries GLOBAL FDI FLOW IN ITALY IN THE LAST 13 YEARS INWARD INVESTMENT STOCK – EUROPE (mln dollars- 2013) Source: UNCTAD, World Investment Report, 2014 10 14 15 Source: Unctad, World Investment Report, 2014 12 11 10 11 20 Italy represents 1,6% of the global FDI stock (ranks eighth in Europe and seventieth in the world). 21 16 8 28 162 236 Value in billion dollars Ranking

3. A great potential to value Innovative clusters Italy ranks 2° in the world for productive innovation-oriented clusters Stable social framework Fair relationship between the social partners Manufacturing industry Despite the crisis, Italy is the 5° manufacturing economy Worldwide and the 2° in Europe Value chain Italy produces high-quality goods with export-oriented companies present along all the value chain (12°) 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 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 Business culture More than 4 million entrepreneurs Nature of competitive advantage Italy ranks 11° worldwide per unique products

4. Regulatory • certainty • Introducingnationwide standard procedures for any permits required. • Adaptingcontractualrules to the specific feauture of each new investment • Implement a consolidated text of Italian employment law. On-going reform process to bolster investor confidence • Reforming the Conference of services to speed-up the authorizationprocesses • Simplifying procedures for settling employment disputes • Streamlining court proceedings • Timescale • certainty The Government is engaged in setting-up a new set of reforms with the view to facilitate foreign investors throughout their investments’ life cycle. Italy makes a come-back to the FDI confidence index for the first time since 2005. • Introducingtaxagreements for investmentsabove a certainthreshold • Introducing an Investors’ Desk at the Revenue Agency • Reforming the provisiongoverning the abuse of right • Fiscal certainty * Value calculated on a scale 1 to 3 Moved-up Moved down Stable Source: 2014 AT. Kearney, FDI Confidence Index

5. Invitalia mission Invitalia,the National Agency for Investment Promotionand 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.

6. 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 offers companies already in Italy a spectrum of services for reinvestment and expansion (solution of administrative issues, expansion of existing facilities) • 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 Support/advisoryservices Information services

7. Incentives package: The development Contract • 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. • Minimum investment program: 20 mln € • Minimum of 7,5 €/mln in case of agro food processing activities • Industrial • Turism • Minimum investment program: 20 mln € • Energy Saving • Minimum investment program: 20 mln € • 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

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

9. 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. • Channel multiplier • BNL BNP Paribas • Unicredit • Bank of Tokyo Mitsubishi • China Development Bank • BankMuscat Share promotional activities • Target countries • United States • Japan • China • Gulf Areas • India Organize specific workshops and BtB Identify potential leads among their clients Invitalia also cooperates with numerous law firms both in terms of promotion activities and assistance for foreign companies in their implementation process

10. Philippe Tandeau de Marsac Inward Investment Invitalia Agenzia nazionale per l’attrazione degli investimenti e lo sviluppo d’impresa SpA Via Calabria, 46 00187 Roma ptandeaudemarsac@invitalia.it www.invitalia.it Contacts