7 Group Overview 1Q10 Save Group EBITDA grows +13,3% YoY,, confirming the soundness of the Group strategy which benefits also from the first signs of recovery in the global markets mln 350,0 300,0 250,0 200,0 150,0 100,0 50,0 0,0 +15,5% +4,6% +3,9% +3,2% Revenues EBITDA EBIT Net Profit x% = CAGR Financial Oveview*** million Q09 1Q10 change% 1Q10/1Q09 Revenues 310,1 327,6 340,5 69,6 71,3 2,5% EBITDA 55,1 55,3 60,1 6,6 7,5 13,3% EBIT* 26,2 26,7 34,2 (0,0) 1,9 n/a Net Profit before taxes 52,4 22,9 30,7 (1,4) 1,3 n/a Net Profit 50,3 14,2 18,2 n/a n/a n/a Capital Employed 340,2 362,0 367,3 n/a n/a n/a Net Financial Position 31,1 65,8 68,4 72,7 74,3 n/a Equity ** 309,1 296,2 298,9 n/a n/a n/a * Before non recurring write-offs ** Minority interests included *** 1Q09 restated based on IFRIC 12; 1Q10 based on IFRIC 12. SAVE SpA Airport Management Infrastructure Management Food & Beverage and Retail Named Airest Group from March 2009 SAVE Group is organized into three main Business Units 7

8 Group Overview Save Group financial results by business unit: all businesses keep ep growing both in top and bottom line Save Group Revenues by SBU million Q09 1Q10 Save Group EBITDA by SBU change% 1Q10/1Q09 million Q09 1Q10 change% 1Q10/1Q09 Consolidated Revenues 327,6 340,5 69,6 71,3 2,5% Consolidated EBITDA 55,3 60,1 6,6 7,5 13,3% Airport Management* 113,2 112,7 23,1 23,9 3,5% Airport Management* 43,3 44,0 6,2 6,2 0,3% Infrastructure Management* 28,0 29,0 6,5 6,6 0,9% Infrastructure Management* 4,9 6,0 1,1 1,2 8,1% F&B and Retail* 195,9 208,5 42,0 43,0 2,5% F&B and Retail* 7,0 10,1 (0,7) 0,1 n/a * Gross of Intercompany Results and non allocated costs Revenues Breakdown per SBU 2009 EBITDA Breakdown per SBU 2009 F&B and Retail 60% Airport Management 32% Infrastructure Management 8% F&B and Retail 17% Infrastructure Management 10% Airport Management 73% 8

9 Group Overview A diversified portfolio of businesses resilient to the global crisis Airport Management (SBU1) 1,7 million passengers in 1Q10 (+8,8% YoY) 32 years of remaining concession period for the Venice Marco Polo Airport (until 2041); 40 years of remaining concession for the Treviso Airport (until 2049); Present in airport car parking, airport security, engineering etc. Expanding abroad (Charleroi Airport stake acquisition closed in December 2009). Infrastructure Management (SBU2) 103 railway station properties in exclusive management of commercial and real estate areas; 33 years of remaining concession period (until 2042); high return after a short ramp up of commercial operations. Food & Beverage and Retail (SBU3) 164 shops directly managed as of 12th May 2010; Airports, Railway Stations, Motorways are the main targets for Food and Beverage and Retail services; Centostazioni 103 s station planned for a significant development; The recent acquisitions in Italy and abroad upgrade Airest Group among one of the most important Italian companies in F&B and Retail business under concession. 9