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AZ HOLDING

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A STRONG GROUPAZ Holding

AZ Holding is a Group focused in Credit and Anti-fraud services. It is also active in the intelligence & security market and heritage protection working in all the Italian market.Clients are the major national financial institutions, international funds, utilities companies, retail companies and SME’s.

The AZ approach in the credit management is unique. Thanks to the deep expertise in NPL individual infoproviding and the proprietary database, the Group is able to target excellent recovery performances in all asset class (Secured-Unsecured/ Individual-SMEs-Corporate).

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A-Zeta s.r.l. has been established in 1974 in Naples by Antonino Restino, who is currently the major shareholder of the Group.The company has grown thanks to investigation and infoproviding business.

40 YEARS OF SUCCESS

1974 Foundation of A-Zeta s.r.l.

2014 Member of the ELITE group of Italian Stock Exchange

2015Full Credit Servicer

1986 Digitalization of infoproviding

activities

2013Setup of credit collection

Business Unit

2009 Creation of

AZ Holding Group(AZ One security S.r.l. - Intelligence services

AZ Say World S.r.l. - Welcome services)

AZ Holding

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OUR COMPETITIVE ADVANTAGES

Centralized and consolidated network of information sources and

information makerAZ Holding

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COMPETITIVE ANALYSIS

Source: Pwc

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Source: Pwc

AZ Holding 2014

AZ Holding 2015

MARKET POSITIONING

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NON PERFOMING LOANSINFOPROVIDING

COLLECTION

The Group's NPL Area, which operates in the domestic market under the Credit Management unit, is focused on portfolios management on all asset class (Secured-Unsecured/ Individual-SMEs-Corporate) Technology drives volumes and quality allowing above averageIRR in portfolio collection

This unit capitalizes on the historical infoproviding phase maximizing returns in the home, phone and legal recovery phaseThe NPL infoproviding unit is among the leaders in the Italian market. It is focused in supporting decisions on the lending assessment and in the debt recovery phase on individuals.Main clients are: banks, consumer credit institutions, legal firms, collection companies, credit servicers.

REFERENCE MARKETS 1/3AZ Holding

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The Group has through the years become a recognized leading market player in claims management, able to provide top quality service applied to anti-fraud in insurance. The unit is organized with a back office which coordinate field agents over the country supported by a high quality data management software.

REFERENCE MARKETS 2/3AZ Holding

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REFERENCE MARKETS 3/3

The Group's Retail Area, which operates in the market under the Welcome service unit, focuses on hospitality and security servicesThis services are able to contribute to the image and prestige of the shops, while also offering deterrence services to crime prevention.

AZ Holding

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OUR APPROACH

AZ Holding

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WEB-TECH

Big Data Analytics Platforms

Real-time stream-analysis capabilities

Custom solutions

AZ Holding

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FINANCIAL HIGHLIGHTS

AZ Holding

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2015Revenues: 8.3 mln euroEbitda: 2.4 mln euroEquity: 13.2 mln euro

STRONG SUSTAINABLE GROWTH

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

8,000,000

9,000,000

Group revenue

2013 2014 2015

CAGR 18%

*Unaudited

*

Business breakdown

56%

21%

11%

9% 3%

Credit Management Anti-Fraud Welcome services Intelligence Security

AZ Holding

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EBITDA & NET PROFIT

*Unaudited

2013 2014 20150

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

398,442

695,369

851,500

Net Profit

*2013 2014 20150

500

1,000

1,500

2,000

2,500

881

2194

2400

EBITDA

17,58%

thousand euro

30%27,46%

*

AZ Holding

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NET CAPITAL INVESTED

2013 2014 2015*0

200400600800

1,0001,2001,4001,6001,8002,000

1,780

Net financial position-

thousand euro

*Unaudited

-

-

-

-

2013 2014 2015*0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,5004,101

Working capital

thousand euro

thousand euro

2013 2014 2015*0

1,000

2,000

3,000

4,000

5,000

6,000

5882

Net Capital investedthousand euro

-

-

-

-

AZ Holding

2013 2014 20150

2,000

4,000

6,000

8,000

10,000

12,000

14,00013,208

Equity

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OUR STRATEGY FOR GROWTH

Strong investmen

ts in web-

tech

Heavy recruitme

nt of talents

Innovative use of

database

Flexible and

proactive client

approach

Efficient and

simplified processes

New Business

area

Externalgrowth

AZ Holding

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GOVERNANCE

Indipendent AuditorPricewaterhouseCoopers

S.p.A. (“PwC”)Board of Statutory Auditors

Board of Directors

Carmine EvangelistaMember of the Board

CEO

Antonino Restino Shareholder

(98,59%)

Riccardo RestinoShareholder

(1,41%)

AZ Holding

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KEY TAKEAWAYS

• 40 years of success

• Diversified business approach

• Strategic positioning

• Strong investments

AZ Holding

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THANK YOU

AZ Holding

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Milanvia Borgogna 2, 20122Ph. +39 02 760 22 442Fax +39 02 760 26 408

Naplesvia Santa Lucia 50, 80132Ph. +39 081 764 60 60Fax +39 081 247 11 60

Romevia F. Rosazza 46, 00153Ph. +39 06 693 194 05Fax +39 06 693 181 73

Pozzuolivia Antiniana, 2 80078Ph. +39 081 764 60 60Fax +39 081 247 11 60

AZ Holding