INFORMATION

MEMORANDUM

A green business based on CO2 engine emissions

reduction through the circular economy
01 COMPANY

MANAGEMENT
DANIELEFERRETTI (1966)
TCSA Group Chief Executive Officer
Daniele has over 25 years’ experience in Corporate Finance and
entrepreneurship at global level. Prior to founding Turbocharger
SA, Daniele was CEO of a listed company then he went on to found
Corporate Management SA in 2003 where he is managing partner.
He acted on an extended range of transactions including listings,
M&A and international business development.
CHRISTOSMYLONAS (1986)
MDS Remanufacture Managing Director
Chris has over 14 years experience in diesel industry.
Graduated in University of Thessaloniki in Mechanical engineer.
After a MBA in Business management & economics at Kingston
University in London, he joined the family business Milonas Diesel
Systems. Since 2016, he is the business manager of MDS
Remanufacture.

EZIOPIGNATA (1964)
TCSA Business Development Manager
NikolaosPapastavridis (1986)
Ezio has over 25 years of industry experience, he was CEO in a MDS Remanufacture Chief Operation Officer
large international corporate active in Oil&Gas where he acquired
an important management experience and M&A know-how. He has Nikos is graduated of the department of Information and Electronic
conduct an important number of M&A deal and since a decade work Engineering, of the International Hellenic University (IHU) with over
13 years on the automotive industry. Since 2016 he is responsible of
closely with Daniele Ferretti. the Research & Development department at MDS Remanufacture and
since 2020 he is also the main trainer at MDS Remanufacture
Academy.
DAVIDERICCHETTI (1987)
Turborail Chief Operation Officer

Davide is graduated in Polytechnics of Milan in Enviromental

Engineering setting at Planning and Management of Natural
Resources. After have got a Master in green management he
spent 2 years in working as a Business Consultant. Since 2013,
he is involved with turbochargers, setting up TU Power Tech LLC
production and the entire supply chain. As well the logistic centers
and the academy. 1
01
BRANDS
The brand TURBORAIL® is a well-known swiss manufacturer of turbochargers spare parts and
complete turbochargers. The brand TURBORAIL® has been building an European network
of Turborail Repair Centers, pioneering a remanufacturing process and, occasionally, with
business partners through a franchising model. TURBORAIL® is a trusted and leading brand in
the European after-market turbochargers segment.
The brand TURBORAIL®has been translated in chinese and duly registered in the Chinese Home
Intellectual Property Office with nr. 27802382 since 28 January 2019.
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COMPANY
6
The brand MDS Remanufacture® is a well-known swiss manufacturer of diesel engines’
components for pumps and injectors that are essential for the remanufacturing process. The
brand MDS Remanufacture® has been building a network of MDS Shop and Repair Centers,
pioneering a distributed remanufacturing source within base clients’ proximity, through a
franchising model. MDS Remanufacture® is also a trusted and leading brand in the European
remanufacturing industry. The brand MDSRemanufacture® is duly registered worldwide in the
WIPOwith nr.1311424.
01 COMPANY

FRANCHISING
NETWORK

TURBORAIL® Repair Center & MDS® Service

Center represents our unique business model,
which follows the TURBORAIL® & MDS® strategy
motto “competence, quality and prossimity”,
typical of a premium brand.

Thanks to the TURBORAIL® & MDS® training and

technical assistance program, the employees and
partners will be equipped with all the necessary
know-how to provide customers with a high-
quality, all-round service.

Every franchisee will carry out daily appraisals

and checks, repairs, reman and tests of the
widest range of turbochargers, injectors and
pumps on the market, exceeding highest quality
standards through the most sophisticated
diagnostic equipment and the use of original
TURBORAIL®& MDS®spare parts.

Every franchisee wil get the full know-how in

TURBORAIL® & MDS® remanufacturing best
practices becoming a prominent player in the
circular economy ecosystem.

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01 COMPANY

MDS SERVICE & TURBORAIL Franchisee Avg. Reman Capacity Stock

REPAIR CENTER
300
8 SHOPS 2’200DIESEL
PARTS AVG. SKU per shop
PER SHOP/YEAR
2017
OPENING
THESSALONIKI
Greece 1’100TURBO
PER SHOP/YEAR
HEADCOUNTS
2018
ATHENS
3-10
Greece EMPLOYEES

2019 per shop

HERAKLIONCRETA
Greece

2019
SKOPJE
North Macedonia

2020 2021 2021 2022

LUBLIN LUBLIN BABY Bucharest
Poland Poland Poland Romania

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01 COMPANY

MDS DISTRIBUTORS
16 COUNTRIES
WORLDWIDE

MDS WORKSHOP AUTHORIZED

26 COUNTRIES
WORLDWIDE

MDS SERVICES
4 COUNTRIES
WORLDWIDE

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01 COMPANY

MDS DISTRIBUTORS
1. Stock MDS original spare parts

MDS WORKSHOP AUTHORIZED

1. Use CZ tesbenches for the repair
2. Attend the online trainings
3. Use MDS original spare parts

MDS SERVICES
1. Use CZ testbenches fot the repair
2. Use MDS original spare parts
3. Sell reman products to MDS Remanufacture

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01 COMPANY

SUPPLY CHAIN
TURBOCHARGER SA® operates through two dedicated R&D
and manufacturing sites. For turbochargers is based in
Shenyang (PRC), under the legal name of TU POWER TECH
LLC., while for diesel injectors and fuel pumps is located
in Thessaloniki (Greece), under the legal name of MDS
Remanufacture IKE.Both factories are fully integrated into the
Group’s operations.

TURBOCHARGER SA® operates through a European

Distribution Center (EDC) based in Italy. EDC plays a key role
within the distribution chain, order fulfilment, and storing
produced goods prior to their shipment to 5 branches,
distributors, repair centers and auto part dealers, in 34
countries.

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01 COMPANY

CERTIFICATIONS

TU POWER TECH has been certified with the

standard ISO 9001:2015 by TÜV.

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01 COMPANY

MAIN TCSA REMANUFACTURED

PRODUCTS
BUSINESS FLOW IAMSALES
SPARE PARTS,
EQUIPMENTS REMANUFACTURED REMANUFACTURED
CHANNEL
PRODUCTS, EQUIPMENTS PRODUCTS
EDC NETWORK Distributors
Workshops
e-commerce
End users

TCSA FACTORY ERP

SPARE PARTS,
EQUIPMENTS
DATABASE

LEGEND
REMANUFACTURED
TURBOCHARGER
BUY INJECTOR
DIESELPUMPS OLD CORES
SELL REPAIRCENTER APPRAISAL OR
DIGITAL INSPECTION

LOGISTIC

PROCESS
REMANUFACTURED PRODUCTS

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02 TURBOCHARGER TREND PRODUCTS

TURBORAIL SPARE PARTS

From the single spare parts to the complete turbo
To further support the professional turbo repair industry, our range of precision
engineered turbochargers’ parts provide a quality and cost effective alternative. Core Cartridge Turbine housing VNT Nozzle
Ouraim is to produce the turbochargers and his parts that our customers require,
in particular, the turbos they are unable to repair. Thanks to the TURBORAIL®
network, we receive an huge amount of feedback directly from our customers
and from the market, which will drive our development pipeline.

Shaft & Wheel Actuator

Bearing house

Stainless steel
Platinum Compressor Wheel
Compressor Wheel
Oil pipe Gasket kit

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02 TURBOCHARGER TREND PRODUCTS

COMPLETE TURBOCHARGERS E-TURBO

Availability for distributors, workshops or independent garages Worldwid sales of cars with electrified powertrains (hybrid, electric and fuel cell) will represents
about 10 percent of new cars sold by 2025.
A large catalogue of complete turbochargers enables TURBORAIL®to supply ready-to-useturbo
(Source: Automotive News Europe)
worldwide.

In Q1/2021 Turbocharger SA launched its program to develop electric turbochargers (e-turbo)

production that provide more responsive driving, optimized fuel economy in hybrid, electrified
and fuel cell vehicles, as well as battery charger.

From Q1/2022TURBORAIL®will be ready

to compete with major players in the
supplying of complete new e-turbo
and their spare parts.

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02 TURBOCHARGER TREND PRODUCTS

MDSPRODUCTS
From the single part to the complete component
MDS Remanufacture® is a specialist in the field of remanufactured injection
autoparts. We offer a wide range of diesel injectors and fuel pumps, as well as
DPF. HEUI injector
Common rail Unit injector
injector pump
Our total quality approach to the reman process allow us to provide a 12-months
warranty on all our products. MDS Remanufacture® aim is to ensure that our
products areavailable immediately, in the quality of the newpart, with compelling
cost of the old one.

Common rail Fuel injection DPF

pumps pumps

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02 TURBOCHARGER TREND PRODUCTS
all theinvolvedparts in the fuel pump reman process

INJECTORS & FUEL PUMPS REMAN PROCESS

Injector before reman process

Before Reman process After Reman process

111kg of CO2 are emitted into the atmosphere during the manufacturing process of a
Common rail pump. Only4 kgof CO2 are emitted during the remanufacturing process
Injector after reman process of the same pump.

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02 TURBOCHARGER TREND PRODUCTS

MDSEQUIPMENTS ANDTOOLS
MDS Remanufacture®, after an extensive scouting of the market, finalzed a partnership with the best
aftermarket diesel test benches in the world in order to tailor made the equipment and to use them in our
MDSService network for reliable and quality results. Customized Carbon Zapp test benches are used by our
R&Ddepartment for the new diesel products creating protocols for their test benches using our experience
and know-how from the diesel market.

MTBR DS1R CRU.2R

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02 TURBOCHARGER TREND PRODUCTS

CATALOGUE PRODUCTIONCAPACITY

930 SKUs 4000 PCS 3000 PCS

TOTAL CATALOGUE PRODUCTIONCAPACITY REMANCAPACITY
8500 UNIT
per year per year of diesel injectors, fuel pumps and other parts
are tested per year

90 DAYS
TO DEVELOP 1NEWSKU
7000 PCS
45 new SKUs TOTAL per year
INTRODUCED each year

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03 TURBOCHARGER TREND SERVICES

APPRAISALS
TURBORAIL® and MDS Remanufacture® have developed a proprietary process for the inspection of old cores.
Selected old cores are carefully dismantled using appropriate engineering techniques. Each part is finally
approved and certified by the center in order to be remanufactured or repaired accordingly to our operational
instructions and guidelines.

Moreover, TURBORAIL® and MDS Remanufacture® have developed a proprietary process for the appraisals of
under warranty products. For insurances, rent-a-car and car services TURBORAIL® and MDS Remanufacture®
points can certify the change of the entire component or the quick repair.

ACADEMY
TURBORAIL®and MDSRemanufacture®have their own Academy Centers with a
proprietary range of training programs, media libraries and tool production.

ACADEMY AT A GLANCE
• Experienced instructors with real technical experience.
• A practical hands-on approach to learn new skills.
• Small group sizes, usually a maximum of 12.
• Webinar and online masterclass.
• Using only the most modern equipment.
• Engaging participants through the use of:
video, role-play, case studies, self-analysis surveys, etc.

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04 TURB
DATA OCHARGER TREND SALES &MARKETS
29

DATA

The global vehicle and replacement parts catalogue

Since the first years of activity,TURBORAIL® and MDS Remanufacture®
have developed a database in order to link vehicles with their replacement
parts. We offer to workshops and dealers the ideal basis for easy part
identification. The Database enables the precise identification of
vehicles and a quick search for the right spare part. It is always complete
with current and comprehensive repair and maintenance information.
Whether for searching or as a basis for your own web shop –our Database
Catalogue offers the right solution to meet professional’s expectations
and needs.

TURBORAIL®andMDSRemanufacture®haveimplementedallhisproduct
catalogue inside many proprietary databases, and it is recognized as
ccrtificd data supplicr.

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04 TURBOCHARGER TREND SALES &MARKETS

AUTOPARTS CIRCULAR ECONOMY

Reduce
As an advanced form of green economic development, remanufacturing is gaining attention because Reuse
of its significant environmental, economic and social benefits.
REMAN
The results are starting from an environmental perspective: one remanufactured part uses 80%
less energy, 92% fewer chemicals and 88% less water, as well as generating 70% less waste in the
Recycle
production process than a new component. But the benefits aren‘t just environmental: each part is
cheaper as well.

In addition, sending waste to landfill is dramatically reduced; everything is either reused, recycled or Remanufactured car parts not only help Ŧeets save money, they also help save the
in some way recovered at treatment centres environment.
Key topics in the automotive’s circular economy:
• Incentivize end−users to use refurbished parts and components; Only damaged and worn parts are replaced. Serviceable parts can be reconditioned
• Encourage exchange or returns for end− of−life products for recycling and reusing; instead of remade. This approach reduces the amount of materials sent to landfield.
• Develop new ownerships models to encourage customer participation in the circular economy;
• Mandate procurement teams to emphasize on reused and/or recycled components; Remanufacturing a car part requires fewer natural resources (-85% in raw materials)
• Mandate the internal product development teams to design products with second life usage and and energy (-55% in power).
easy recycling;
• Invest in infrastructure and skills to salvage and reuse old components and scraps.
Buying remanufactured car parts is a cost-effective and environmentallyfriendly way to
Automotive circular economy in China boost your Ŧeet‘s performance.
Automotive components remanufacturing (ACR), as a prominent part in automotive life-cycle
development, can dramatically reduce resources-waste and mitigate energy-crisis, which has become
a prominent direction to promote sustainable development of Chinese economy.

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CONFIDENTIALITY AGREEEMENT & DISCLAIMER
Thc information containcd in this Information Mcmorandum is proprictary and strictly confidcntial. It is furnishcd solcly for thc purposc of rcvicw by a prospcctivc invcstor in Turbochargcr SA and is not to bc uscd for any othcr purposcs or madc availablc to any pcrson without thc cxprcsscd
writtcn conscnt of Turbochargcr SA (“thc Company”). Thc information in this prospcctus has bccn compilcd from sourccs dccmcd to bc rcliablc. Howcvcr, ncithcr thc information nor thc rcliability of thcir sourccs is guarantccd by thc Company. A prospcctivc invcstor must makc its own
indcpcndcnt invcstigations, projcctions, and conclusions rcgarding thc invcstmcnt in thc Company without rcliancc on this or any othcr confidcntial information, writtcn or vcrbal. This Information Mcmorandum docs not constitutc an offcr to acccpt any invcstmcnt proposal but is mcrcly a
solicitation of intcrcst with rcspcct to thc invcstmcnt dcscribcd hcrcin. Prospcctivc invcstors arc rccommcndcd to scck profcssional advicc. This includcs lcgal, tax, accounting and othcr as dccmcd ncccssary rclativc to an invcstmcnt in thc Company. All thc information is also subjcct to
markct conditions, thc statc of thc cconomy, cspccially thc cconomy as it rclatcs to thc automotivc indcpcndcnt aftcrmarkct. Thc Company cxprcssly rcscrvcs thc right, at its solc discrction, to rcjcct any offcr to invcst in thc Company or to tcrminatc any ncgotiations with any party, at any 2021© All rights rcscrvcd.
timc, with or without writtcn noticc. Thc Company rcscrvc thc right to ncgotiatc with onc or morc prospcctivc invcstors at any timc.