SAIPEM NEW ENERGIES SOLUTIONS FOR RENEWABLES

June 2021

WELCOME TO NEW ENERGIES

Italian Lithuanian Business Forum on Renewable Energy 30 June 2021

• WHO WE ARE• SAIPEM NEW ENERGIES SOLUTIONS• FOCUS ON LITHUANIA

AGENDA v

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We are a Global Solution Provider. We are leaders in engineering and drilling activities, and in the completion of great projects in the energy and infrastructure sectors.

A company with distinctive skills and competences and high-tech assets, capable of identifying and developing multiple solutions to satisfy clients’ needs.

Listed on the Milan Stock Exchange, we are present in more than 70 countries worldwide and we have more than 35,000 employees of more than 120 different nationalities.

>35,000EMPLOYEES

FROM 120+DIFFERENT NATIONALITIES

70+COUNTRIES WHEREWE OPERATE

WHO WE ARE

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ENGINEERING CENTRESdedicated to research & development, business process management and information technology

YARDSfocused on prefabrication, assembling and erection operations of large and complex manufacts as offshore platforms, plant modules, subsea manifolds and components

OTHER MAIN SITESheadquarters, branches and subsidiaries

WORLDWIDE PERMANENT PRESENCE

KEY FINANCIALS - 2019

35 years of listing on the Milan stock exchange. Part of the FTSE MIB index.

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€ 9.1 BLNREVENUES 2019

€ 1.2 BLNADJUSTED EBITDA

2019*

€ 336 MLNINVESTMENTS 2019

€ 20 BLNNEW CONTRACTS AWARDED IN 2019**

€ 25 BLNBACKLOG AT 2019 YEAR END***

SUSTAINABILITY INDEX - 2019

74% LOCAL PERSONNEL

€ 79 MLNOVERALL INNOVATION SPENDING

26AVERAGE TRAININGMHRS BY EMPLOYEE

0,22LOSS TIME FREQUENCY RATE

73%GOOD & SERVICES ORDERED LOCALLY

The 4 challenges for the energy Transition:-Innovating for the new energy scenario-Enabling carbon footprint reductions-Keeping people and operations safe and sound-Generating shared value

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Health, safety and environmental culture.

Enhancing the efficiency of its operations and becominga key partner for our clients in their energy transitionis part of Saipem’s business objectives.

Our commitment towards climate change is also reflected in its Quadrennial Green House Gas Strategic Plan whose identified actions will result in a significant reduction in Saipem’s GHG emissions in the coming years.

Our journey to a safer and better future, where:

Respect and well being of people come first

Knowledge and competences are shared

Trust and collaboration are valued

Technology and innovation are keys to success

HEALTH, SAFETY & ENVIRONMENT

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Saipem is included in the Dow Jones Sustainability World and Europe Indexes (DJSI) as leader in the ‘Energy Equipment & Services’ sector.

Saipem is include\ed in the FTSE4Good Sustainability Index of the London Stock Exchange (for the tenth consecutive year).

Saipem is included in the STOXX ESG Leaders Index

SAIPEM SUSTAINABLE BUSINESS MODELMain acknowledgments and recognitions by financial stakeholders

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ONE COMPANY, MULTIPLE SOLUTIONS

XSIGHTA global forward thinker

OFFSHORE E&CRuling the world of the sea

ONSHORE E&C Enabling the world energy transition

OFFSHORE DRILLINGRaising the standard of drilling operations

ONSHORE DRILLINGLeading towards the safest and most reliable performance

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New Energies

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"In the next ten years, alongside gas, clean energy will represent about60% of our portfolio.

Saipem will increase its presence in low CO2 emissions markets, like offshore wind,the conversion of biomasses, solar power and geothermal power. Moreover,innovative solutions will be developed in emerging areas like high altitude windpower - both onshore and offshore - and marine energies.”

[Stefano Cao, Saipem CEO]

Supporting the Sustainable Development Goals is a business opportunity for creating shared value

SAIPEM MISSION FOR THE ENERGY TRANSITION

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At the end of 2019 Saipem created NEW ENERGIES, the newbusiness line of the Saipem

➔ established in line with our vision for a sustainable future

➔ with the purpose of supporting the low-carbon energytransition.

We partner with Clients to improve the carbon footprint of their existing and new assets, offering solutions based on:

▪ Renewable Technologies

▪ Sustainable Technologies

▪ Water Technologies

NEW ENERGIES BY SAIPEM

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WELCOMETO NEW ENERGIESSAIPEM NEW ENERGIES PORTFOLIO

RENEWABLE TECHNOLOGIES

CSP, PV, FPV, Wind, Fwind, Geothermal, Energy Efficiency and Storage and and Clean Hydrogen

SUSTAINABLE TECHNOLOGIES

CO2 Management, Waste to Energy, Biomass & Biofuels, Hybridization Oil&Gas to Green

WATER TECHNOLOGIES

Raw water, Waste water, Drinking water and Desalinization

SAIPEM NEW ENERGIES SOLUTIONS

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FLOATING PHOTOVOLTAIC PLANTS

• Energy Island concept

• Based on Standardized component

• Execution based on both proprietary or third parties

technologies

Inland Applications

• Internal lakes

• Agricoltural pounds

• Hydro electrical basins

• Industrial pounds

Near Shore & Offshore Applications

|13CONFIDENTIAL - This document is the property of Saipem who will safeguard its rights according to the civil and penal provisions of the law

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SAIPEM FLOATING PV

MAIN ADVANTAGES

Robustness and low maintenance cost

Hybrid solutions: wind, oil & gas,hydropower

Suitable for Offshore Green H2

Fish farms integration for circular economy

Easy to deploy: on site modules composition

Reliable in any condition:- Waves height 8m- Waves length ~150 m- Period: 10 sec- No concerns on water depth and wind- Current assumed: 1.00 m/s

CONFIDENTIAL - This document is the property of Saipem who will safeguard its rights according to the civil and penal provisions of the law

Jackets GBS Monopiles Offshore Substation (OSS)

OFFSHORE WIND

EPCI INTEGRATED MODEL

CONFIDENTIAL - This document is the property of Saipem who will safeguard its rights according to the civil and penal provisions of the law

In-house fabrication of Offshore Structurescapabilities and strong involvement of local partners

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OSS Topside Installation at Hornsea IS7000 vessel

Project Name Country Client Saipem Scope

HYWIND SCOTLAND

UK EQUINOR 5 Floating WTG Installation

HORNSEA 1 UK ORSTED 4 OSS T&I (Jacket and Topside)

NNG UK EDF, ESB 54 Jackets EPCI

FECAMP FR EDF, WPD & ENBRIDGE 71 GBS EPCI

COURSEULLES FR EDF, WPD & ENBRIDGE 64 Monopiles EPCI

ST BRIEUC FR IBERDROLA 1 OSS T&I (Jacket and Topside)

DOGGER BANK UK EQUINOR, SSE 2 OSS T&I

DOGGER BANK UK Aibel 2 OSS Jackets EPC (Arbatax)

SEAGREEN UK Seaway 7 114 Jackets Installation

FORMOSA II Taiwan Jan de Nul 32 Jackets Fabrication (Karimun)

Arbatax Saipem yard

SAIPEM FLOATING OFFSHORE WIND

Plambeck - Emirates Engagement in the co-development phasesof 500MWe offshore floating wind projectsin Arabic Coast of Red Sea

Agnes - ItalyEngagement for offshore hub withrenewables energy produced by fixedwind, floating solar, storage andgreen H2

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HEXAFLOATSaipem proprietary floating foundation

technology Saipem offers Turn-key solutions: co-development of the full projects providing proprietary technologies combined with the EPCI

services

Suitable for any sea depth and bad sea bottom conditions

CONFIDENTIAL - This document is the property of Saipem who will safeguard its rights according to the civil and penal provisions of the law

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CO2 SOLUTIONS BY SAIPEM

CO2 MANAGEMENTSaipem proprietarytechnology Enzyme-basedAbsorption:

Green Application Heat recovery reducing

OPEX Low corrosion rate and

no toxicity allow usematerial reducingCAPEX

Carbon Capture Utilization and Storage (CCUS) to reduce emissions and convert CO2in valuable products

Potassium CarbonateAbsorption catalyzedby Enzymes

Mature technologyalready installed inindustrialapplications

CONFIDENTIAL - This document is the property of Saipem who will safeguard its rights according to the civil and penal provisions of the law

Master within the entire value chain

Saipem can master the entire CCUS process, thanks to its solid background in process technology, pipeline fluid transportation and reinjection and its new propriety carbon capture technology “CO2 Solutions by Saipem”.

▪ With our 130.000+ Km ofpipeline and sealine engineeredand installed in the most harshand remote areas, we are amongthe world leaders in this market

▪ We integrate the knowledge oftransport systems in pipelinewith the know-how of the densephase CO2 behaviour developedin the Urea technology

Transport Storage

▪ We designed and built the largest(at that time) Methanol plant thatalone reduces CO2 emissions by360,000 MTPD

▪ 136 plants spread all over theworld (40+ engineered andconstructed by Saipem) transformthe CO2 into Urea with ourSnamprogetti TM Technology

Re-use

▪ We designed and built 70+ CO2Removal plants using a wide rangeof different technologies (frommembrane to physical andchemical solvent)

▪ We a have state of the art Postcombustion CO2 Capturetechnology

▪ 7.000+ wells drillingboth onshore&offshore

▪ Acid gas re-injection forCO2 sequestration

Capture

▪ Recent example of Storage:Cornegliano Laudense GasStorage Plant

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CO2 - WHY SAIPEM CAN LEAD THE INDUSTRY

Conventional Ammonia Plant Hybridization with green hydrogen

Green H2 Valley

projectsCCS

SAIPEM SUSTAINABLE TECHNOLOGIES

Saipem offers a wide range of Solutions integrating all technologies involved in the Hydrogen Value Chain:

from green and blue H2 Production, including CO2 Capture and Storage, and Reutilization,

till H2 final use by applying the best solution for H2 conversion combined to CO2 reuse for Chemicals, such as Ammonia/Ureaand Methanol

CAPTURE

REUSE

TRANSPORT & STORAGE

Saipem can master the whole Carbon Capture &Storage & Re-Use (CCUS) chain by:

its extensive industry knowledge in the designand implementation of CO2 capture plants,applying different carbon capturetechnologies;

its experience in pipeline fluid transportationover long distances and re-injection;

CO2 re-utilisation plants, such asammonia/urea and methanol productionprocess.

Saipem is currently pursuing a pipeline of several projects in the green hydrogen field, such as large-scale electrolyser plant fed by renewable plants to produce green hydrogen and oxygen, greenammonia plant and hybrid solutions with green H2 for conventional plants.

What Saipem is doing

CONFIDENTIAL - This document is the property of Saipem who will safeguard its rights according to the civil and penal provisions of the law

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The Adriatic Green Network of Energy Sources

AN EXAMPLE - THE INTEGRATED RENEWABLES MULTI-SOURCE ENERGY HUB

It is one of a kind project and will introduce major breakthroughs, forinstance, innovative floating power plants, storage systems, offshoreproduction of hydrogen, the introduction of a new type of wind turbinessuitable for the Mediterranean Sea.

AGNES is an excellent catalyst for investments, employment, andinnovation. It is receiving great support and endorsements frompoliticians to citizens, local firms, and the University

Integrated marine district in the renewable energysector, which converts parts of the O&G infrastructuresand creates advantageous synergies between naturalgreen sources of energy, such as sun, wind, and hydrogen

INTEGRATED RENEWABLES MULTI-SOURCE ENERGY SYSTEMThe Adriatic Green Network Of Energy Sources (on-going development)

Water Treatment

O2 to wastewaterPlant

O2 in air

Green H2 Offtaker

Major ItalianUtilities/offtakers

Water

Power

PVPlant

ElectrolyzersCompression station

O2

H2

H2 in Pipes or

asfeedstock

RTN GridFeedstock for

existingindustrial

Plants

AN EXAMPLE – THE ITALIAN GREEN H2 VALLEY

180 MW on Plants(up to 270 M Nm3/yr)

ZERO CO2 Emissions

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AN EXAMPLE - ITALIAN H2 MOBILITY Case Study with major mobility players

In the mobility sector, Saipem, thanks to its multidisciplinary background can be a player in the Hydrogenfull value chain from engineering to production, transportation and delivery.

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FOCUS ON LITHUANIA

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SAIPEM STRATEGY IN LITHUANIA

Stablepresence in the Country

Involvement and

cooperating with local

market

Solid economical

growth of the Country

ONSHORE Renewable Energies Plants

Biorefineries

•Bioethanol 2G

•Biofuels and bioplastic

CO2 Capture

OFFSHORE RenewableEnergies Plants

Hybridization

Green Hydrogen

Waste to Energy – Waste to fuel plants

Main targets in the Country

Development of the Energy Hubs

CONFIDENTIAL - This document is the property of Saipem who will safeguard its rights according to the civil and penal provisions of the law