INVEST IN ITALY:
Right Time, Right PlaceItalyWaste Collection IndustryJanuary, 20182

KEY FACTS

3rd largest economy inthe Eurozone

Italy has among thelowest labour costs in
Western Europe

Italy is open to GreenTechnology

Italy has alarge & skilledworkforce

Competitive location
for investment.
Cheaper than USA andmany Western
European competitors

3

Labour cost (manufacturing hourly compensation costs; US Dollar)
48,00

1st40,00

among the European
leading economies

32,00
24,00
16,00
8,00
0,00

Source: Conference Board, International Labor Comparisons (2017 – data 2016)

4

ITALY IS BACK
Economic Outlook
GDP growth of 1.5% in2017 is forecast for
1.4% for 2018

Investors’ confidence
index (2018) grows: +3than 2017.

Unemployment rate
fell by 0,5% between
2016/2017

Export increased by
7.4% between 2016/
2017

Italy ranks 10th in 2018
for FDI attractiveness,+8 than in 2015

Italy is the 9theconomy in the world,based on strong
export5ITALY IS BACKThe Italian Government is successfully promoting a number of reforms that are revitalizing the Italian economy.

Labour Regulation Reform
The "Jobs Act", i.e. the 2015 labour market reform, is aimed at making the Italian work
environment more aligned to the flexibility that is needed in today's economic global
landscape with the urgency of a reinforced attractiveness of the country.
The Jobs Act’s key points are:•deregulation of dismissal regime (i.e. indemnity for wrongful dismissal in lieu ofthe reinstatement)•

deregulation of fixed-term contracts•

significant tax/social security contribution breaks for employers that offer
permanent job contracts•

promotion of firm-level collective bargaining•

job seekers re-allocation by improving private and public labour market institutions❖ New incentives for hiring young workers have been introduced since 2017
6

ITALY IS BACKCorporate Taxation ReformIn the last years the Italian Parliament approved new legislation, including tax incentives, specifically aimed
at making Italy an attractive location for investment in manufacturing and R&D.
Among those specific tax incentives, the following are particularly relevant:•Patent box– a 5 year-elective regime will grant a partial tax exemption on income derived from qualifying intangible assets(patents, know-how, trademarks) as long as the Italian company performs R&D activities•New R&D tax credit– enhanced for 2015-2019, with the elimination of any access limitation based on turnover and a doubled cap
amount (from 2.5M to 5M euro per year)•Tax credits/incentives for the purchase of machinery & industrial equipment•

Full deductibility from the IRAP (regional tax) of labour cost for employees hired on a permanent basis

7

ITALY IS BACKCorporate Taxation Reform
Other tax incentives are:
The “Destination Italy” Decree•created a specific and dedicated desk of the Revenue Agency (Agenzia delle Entrate) in order tohelp and provide information to foreign investors, and•enhanced the tax ruling procedures, by extending the validity period of the preventive rulings
from 3 to 5 years and including also the existence of Italian permanent establishments of foreigncompanies

8

Waste collection Industry

9

WASTE COLLECTION (Environmental tech)
Waste collection is a part of the process of waste management. It is the transfer ofsolid waste from the point of use and disposal to the point of treatment or landfill.
Waste collection also includes the curbside collection ofrecyclable materials that technically are not waste, as part ofa municipal landfill diversion program. In this field ,GreenTech is the application of one or more of environmental
science, green chemistry, environmental monitoring and electronic devices tomonitor, model and conserve the natural environment and resources, and to curb thenegative impacts of human involvement. Sustainable development is the core ofenvironmental technologies.

10

ITALIAN MARKET
Italy is one of the biggest European waste producers

StrongPoints

Tonnes waste (2014)
Up to 133.000
More than 133.000

RECYCLABLE WASTES (2014)

Within the mostpopulated
EuropeanCountries, Italy
has got thestrongest
potential growth

Germany
United Kingdom
FranceItaly
PolandBelgium
Spain
010000

20000

30000

40000

50000

Source: EUROSTAT: http://ec.europa.eu/eurostat/tgm/graph.do?tab=graph&plugin=1&language=en&pcode=ten00106&toolbox=type11

EUROPEAN WASTE STATE OF ART
European Urban waste management - % (2015) ISPRA elaboration on EUROSTAT data
Recycling
Composting
Encineration
Landfill

Italian Waste
Market hasroom forimprovement

Source: ISPRA, http://www.isprambiente.gov.it/files2017/pubblicazioni/rapporto/RapportoRifiutiUrbani_Ed.2017n.273_Vers.Estratto_agg06_11_2017.pdf

12WASTE IMPORT - EXPORT
Import/Export volume in tonnes (2014)

Strenghts

PRODUCT GROUPIMPORTEXPORT

Paper waste
Glass waste
Plastic waste
Wood waste
Non-ferrous metal waste
Ferrous metals
Electrical/electronic waste
Batteries and accumulators
End-of-life vehicles
End-of-life tyres

18.54889.235121.169
652.716870.692
3.648.869
20.339
24
1.361
181

372.9679.084
524.990
32.204
189.617193.109
96.91215.06520.872108.420

Undefined442.020

2.233.022

5.865.154

3.796.262

Total

Source: ECOCERVED on MUD 2015 data (http://www.felicitapubblica.it/wp-content/uploads/2016/01/3-capitolo-import-export-di-rifiuti.pdf)

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WASTE MANAGEMENT, NOW
73 foreign-invested firms operating in the waste treatment
subsidiary and wholly-owned from 13 countries capitals• 39 wholly-owned

15%

15%

12%

• Other 12 controlled

25%

16%

16%

• 11 minority stake

40%

20%

14%

Source: ITA elaboration on Reprint data, 09/2017

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A FEW NUMBERS

Source: http://www.valuepartners.com/wp-content/uploads/2017/02/WASTEMARKET-022017-DIGIVERSION.pdf
https://en.cdp.it/media/studies/sector-research/waste-management.kl (2014)15

A FEW NUMBERS
National Central Administration

Lists of registered •• Region/Province
Business name• Categorybusinesses• Waste code•www.albonazionalegestoriambientali.it/ElenchiIscritti.aspx?lng=en

Group type

More than 5.000 firms

In France:

5% firms

2 firms

50% Turnover

Big players

50% TurnoverEuropeanconfrontation

http://www.gruppobiancamano.it/index.php?lang=en
http://www.wasteitalia.it/en/
http://eng.gruppohera.it/group/

Source: http://www.albonazionalegestoriambientali.it/ElenchiIscritti.aspx?lng=en16

REGULATIONS AND LICENCE
In Italy the disposal system of waste varies from one region to the other. Garbage ismanaged according to the country’s national legislation at a municipal level. The
local town is responsible and contracts its collection to awaste disposal company. Collection of waste can happen
through curbside or door-to-door collection, where thegarbage truck picks up the trash from individual bins, and through central collection

into central drop off areas. Municipal authorities encourage people to keep their
non-recyclable waste to a minimum as landfill space is a problem. All residents arerequired to sort their rubbish in three categories: Non-Recyclable Waste (landfill),Recyclable Waste, Organic Waste.

17NATIONAL TECH CLUSTERS
Ministry of Education, University and Research••••••••AEROSPACE TECHNOLOGYAGRIFOOD
GREEN CHEMISTRYINTELLIGENT FACTORIES
CLUSTER TRASPORTI
LIFE SCIENCE
SMART LIVING TECHNOLOGIESSMART COMMUNITIES TECH

ROME

http://www.ctna.it/ROME

http://www.clusteragrifood.it/en/

MILAN

http://www.clusterspring.it/home/

BOLOGNA

http://www.fabbricaintelligente.it/en/

ROME

http://www.clustertrasporti.it/

MILAN

http://www.clusteralisei.it/en/

ANCONA

http://www.smartlivingtech.it/en

TURIN

http://www.smartcommunitiestech.it/en/

What’s coming next…
• HERITAGE TECH
• DESIGN• MADE IN ITALY• SEA ECONOMICS• ENERGY

Source: http://www.miur.gov.it/cluster; http://www.distretti-tecnologici.it/centro_miur.htm

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ITALY’S GOT TALENT
Abundant and Skilled Workforce

Mainstay

Italy has some of the world’s best engineering
universities. Indeed, engineering is the 2nd highest
course for enrolment in the country – 225,619
currently studying an engineering discipline.1
The Technological Departments of the ItalianUniversities annually produce a pool of graduates withthe knowledge and industry experience to immediately
enter the work force.

The engineering sector currently
employs around 417,000 peoplein Italy.3

And much more.

Tertiary-educated 25-64 years old (2016) – Fiels of study

Source: 1Ministry of Education 2AlmaLaurea 3La Repubblica; OECD ILibrary (http://www.oecd-ilibrary.org/education/education-at-a-glance-2017)

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FROM WASTE OF MLS PEOPLE…
Bioenergy is a renewable energy madeavailable from materials derived from
biological sources, Biomass

Bionergy Installations
2745

Biogas, primarily methane and carbon
dioxide, can be produced from raw materials
such as agricultural waste, manure,municipal waste, plant material, sewage,
green and food waste

4160000

+3,3%

2700

4120000

2655

4080000

2610

4040000

2565

4000000

Bioliquids are liquid fuels made frombiomass like virgin or used vegetables andseed oils for heating and electricity

2015

2016

Waste oil
The Market is huge:••

Bioenergy Power (kW)+6.7432015

2016

Urban waste is around 1 mln kW,
that means a good potential for a Country
with 60 mlns population concetrated inmedium/big towns on the National territory

63 vehicles/100 people
More than 150.000 bars/restaurants/take away

Source: GSE, December 2017 (https://www.gse.it/servizi-per-te/pubblicato-il-rapporto-statistico-gse-nel-2016-il-17-35-dei-consumi-coperti-da-rinnovabili)
A.C.I. Automobile Club Italia, 2016 data; FIPE data, 201620

…RIGHT DEVELOPMENT
Companies Associations:
http://anienergia.anie.it/
http://anierinnovabili.anie.it/
http://www.anisgea.org/
http://www.assistal.it/
http://www.assoesco.org/
http://www.assoreca.it/it/home.html

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Italian Trade Agency
Via Liszt, 2100144 Roma
Relazioni.esterne@ice.it
www.ice.it

Thank you foryour attention