Gruppo Ansaldo STS Ansaldo STS SpA

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1 Assemblea Ordinaria Gruppo Ansaldo STS Ansaldo STS SpA Ordinaria e Straordinaria degli Azionisti Analysts Genova,, 5 / 6 Aprile presentation: First Quarter Results 28 th April 2011

2 1Q 2011 results - Key data M 1Q 1Q % YE change 2010 Orders % 1,985.0 Backlog 4, , % 4,551.1 Revenues % 1,283.7 EBIT % ROS 9.2% 9.1% p.p. 10.7% Net Profit % 94.9 Working Capital (130.7) (168.1) -22.3% (154.3) Net Financial Position (295.4) (283.9) 4.1% (318.2) R&D % 34.8 Total Headcount 4,192 4, % 4,217 Tax Rate 39.3% 38.4% p.p. 28.8% 2

3 Key data by Business Unit SIGNALLING TRANSPORTATION SOLUTIONS M 1Q 1Q 1Q 1Q Orders Backlog 2, , , ,187.4 Revenues EBIT ROS 11.4% 10.4% 7.9% 8.6% Working Capital ( 15.8) ( 169.1) ( 96.0) R & D Total Headcount 3,290 3, (1) The above mentioned figures are gross of eliminations between business units. 3

4 First Quarters - Track record M Revenues Q Q Q Q Q Q Q 2011 TS, Transportation Solutions SG, Signalling Ansaldo STS Consolidato Data gross of inter-company eliminations 4

5 1Q 2011 main Order Acquisitions by Business Unit Country Project Customer Value M Italy Direttrice TO-PD RFI Italy* Milan Line 5 ext. Garibaldi - San Siro Milan Municipality Sweden Stockholm Red line S L 85.0 Australia* Rio Tinto RAFA phase 1 Rio Tinto 70.0 Italy France USA Components, Service & Maintenance Various 21.7 France RATP Metro Paris Maintenance RATP 17.8 Australia ARTC various projects ARTC 12.6 Saudi Arabia* Riyadh - PNU variation SBG 9.2 (*) Orders acquired by the Transportation Solutions business unit The above list represents about the 94% of total order acquisitions 1Q

6 1Q 2011 Revenues by business unit and geography Transportation Solutions Revenues: 278 M Revenues by geography Others Asia Pacific Italy Signalling North America RoE Signalling* : 177 M Transportation Solutions*: 105 M Signalling Systems Components Service & Maintenance Tsl systems Tramways Service & Maintenance 79% 14% 7% 88% 1% 11% * Data gross of inter-company eliminations 6

7 1Q 2011 Orders by business unit and geography Orders : 551 M Orders by geography Transportation Solutions Asia Pacific Others North America Italy Signalling RoE 7

8 1Q 2011 Backlog by business unit and geography Backlog : 4,793 M Backlog by geography Transportation Solutions Others Asia Pacific Italy Signalling North America RoE 8

9 Main Projects references Madrid-Lerida High-Speed Line Omaha OTP France TGV Manchester Node & Metrolink Cambrian line Channel Tunnel ATC Installation Copenhagen Driverless Saarbrücken Sweden Ester ERTMS Mannhein ERTM Lev. 2 Lev. 2 O&M contracts Copenhagen City ring Korgas-Zhetygen line Ghaziabad Kampur Indian Railways China & Korea High-Speed Binhai, Daegu Busan Shitai Line Shenyang Line 1 Shangai Metro ERTMS Zhengxi Line Hangzhou Metro line 1 Los Angeles Metro (Green Line) WMATA Silver Spring PAAC North Shore Connector New York Metro Chambers Street -NYCT Jacksonville CTC CPTM CAB Electrification and Signalling Banlieu sud Tunis Libya Ras Ajdir Sirti Al-Hisha Sadha & Sirth-Benghazi line Riyad Metro Women s University Italian High-Speed Conventional & ACS Palermo Mi-Bo & RM-NA, Driverless Metros Railways FI-BO, TO-MI Rome, Naples, Milan, Rome Station C.B.I. Brescia, Genoa SCMT / ACS Installations Turkey Begazkopru Ulukisla Yenice and Mersin Toprakkale Metro Ankara Thessaloniki Metro ETCS Lev. 1 Terra - ERGA OSE 9 Taipei Circular Line Phase 1 Kuala Lumpur LRT North Ipoh ti Pedang Besar Clearways 3 Hamersley Hope; Dows Segnalam. & Comun. Rio Tinto

10 1Q 2011 Total headcount Country Main Locations Headcount ITALY Genoa 1,529 Naples Turin Potenza FRANCE Les Ulis 536 Riom SPAIN Madrid 74 UK London 28 Manchester IRELAND Dublin 13 SWEDEN Stockholm 39 USA - CANADA Pittsburgh Batesburg 856 Montreal AUSTRALIA Perth, Brisbane 549 INDIA Bangalore 244 MALAYSIA Kuala Lumpur 146 BOTSWANA Gaborone 31 CHINA Hong Kong 82 Bejing Other Locations 65 TOTAL 4,192 10

11 Our commitment to the theme of sustainable development is expressed in the countries where we operate, across five continents, through the dissemination of our corporate vision, attention to environmental, social, and promote our work through a climate of cooperation with local cultures. In coherence with our vision this year we have joined the Global Compact, a voluntary initiative launched by the UN to spread the culture of respect for human rights, labour, environment and the fight against corruption. Ansaldo STS Investor Relations Dept.

12 Five years of free capital increase - details July 05, 2010: I tranche, free capital increase This factor of correction (in 2010 was 0.833) must be used to make comparable the prices above periods of time. For instance in order to compare the present value of the share with the one concerning one year ago, it is necessary to correct last price multiplying it for In fact the IPO offering price adjustment will be : The free cap. increase is just an accounting operation with no effects on the financial structure of the company: liabilities assets equities reserves share capital free capital increase reserves share capital 12

13 Mr. Alberto Milvio, the Manager in charge of preparing the company s financial reports, hereby declares, pursuant to article, p 154-bis, paragraph 2 of the Consolidated Law on Finance, that the actual accounting information contained in this presentation corresponds to document results, books and accounting records. NB: The management of Ansaldo STS also assesses the business and financial performance of the Group and its business segments based on a number of indicators not provided for by IFRS. As required by CESR recommendation CESR/ b, the components of each of the non-gaap alternative performance indicators used in this press release are defined below. EBIT: i.e. earnings before interest and tax, with no adjustments. It excludes income and expenses from the operations of unconsolidated subsidiaries and securities, and gains/losses on any sales of consolidated subsidiaries, which are recorded under financial income and expenses, or in the case of profits/losses from shareholdings valued using the equity method, under the item effects of the valuation of shareholdings at equity. EBIT margin: is calculated as the ratio of EBIT to revenues. Free operating cash flow (FOCF): this is the sum of the cash flows generated by/used in operations, cash flow generated by/used in investments in or disposals of tangible and intangible assets and shareholdings, net of cash flows from the purchase/sale of shareholdings that, due to their nature or size, are considered strategic investments. Ansaldo STS SpA Via Paolo Mantovani, Genoa, Italy V.P. Investor Relations Andrea Razeto investorelations@ansaldo-sts.com Tel: Fax: on skype at: ansaldo.sts.investor.relations Ansaldo STS Investor Relations Dept. 13