SAMSO S.p.A.

Samso is an Energy Service Company (E.S.Co.), certified according to the UNI 11352 standard, specialized in 360 ° consultancy for all companies looking for the best energy efficiency.

Active at a national level in the technical and financial management of investments in the energy sector, in the recent years it has been an important actor in the transformation that has led Italy to become one of the first countries in the world in the production of energy from renewable sources.

Samso develop technological solutions capable of cutting energy costs, build and invest as E.S.Co. in energy efficiency to give the customer the best result without burdens and risks. It also provides technical and administrative assistance to reap the benefits offered by the complex legislation and facilitate access to white certificates.

THE ANALYST'S OPINION

In 2022 Samso was acquired by Asterion Industrial Partners, an independent investment management company in European mid-market infrastructures, an operation that will further expand the already important growth prospects.

Igor Bovo and Gianpiero Cascone, the founders of the company in 2014, they remain CEOs of Samso S.p.a..

In recent years, the company has achieved a significant development path that has allowed a strong increase in projects, revenues and profitability.

Below a resume of the analysis of the other partial scoring:

• Rating Cribis D&B: evaluates the financial solvency and commercial reliability of the company through the calculation of the Rating Cribis D&B (Failure score, Delinquency score, Paydex Cribis D&B, negative events). At SAMSO has been assigned a Cribis Rating of "3" with an average risk’s rate as like as the other sector companies. The financial consistency corresponds to "2A".

• CeBi Score 4: The CeBi calculations provide the calculation of the PD - Probability Default using a certified algorithm for the banking world, in the context of the scoring models and internal rating systems (so-called Internal Rating Based) used by Italian credit institutions. The scores evaluate the economic and financial solidity of the company, placed in its current and future reference economic system. The analysis of the financial statements at 31-12-2021 in terms of insolvency risk classifies the company as belonging to the average sector. This class includes the companies belonging to Business and Consultancy Company in the field of energy resource management, renewable energy and energy efficiency.

• CR Score: it concisely expresses an opinion on the methods of use of the credit lines that have been granted to it by the banking system, reported within the Bank of Italy's Central Credit Register. The Score referred to the Central Credit Register of the Bank of Italy, calculated over a period of 12 months. This value is confidential as it is not a public figure, but shows a "Solvency" level.

IN CONCLUSION

The strong incidence of projects carried out in E.S.Co. mode, which implies the direct investment of the company in the construction of the plants and the remuneration of the same through the disbursement by the end customer of periodic fees for the duration of the contracts (generally from 5 to 10 years), required a significant financial commitment.

The shareholders have always supported development through the provision of direct loans to support the investments necessary to ensure a sustainable growth process and to achieve medium-long term objectives, also supported by the acquisition of SAMSO by the Asterion fund.

WHAT ARE THE ENVIRONMENTAL BENEFITS FROM THE PROJECT?

In this section you can see the ENVIRONMENTAL BENEFITS resulting from the project, and the positive effect generated by YOUR contribution.

TThe producibility of the two new photovoltaic systems and the savings generated by the lower electricity consumption due to the relamping are estimated at approximately 523.000 kWh annually.

HOW CAN WE CONVERT THIS SAVING?

A production of 523.000 kWh of energy every year is equivalent to:

Save 224.890 kg of CO2 in the atmosphere every year

Planting 22.489 trees, an area of 115 football fields

Avoid the emissions of exhaust gases for 157 cars every year.