Unidata

Investor Presentation • Jan 18, 2024

JANUARY 18th , 2024

Appuntamento alle Colonne

TODAY'S SPEAKERS

Roberto Giacometti

CFO & Investor Relations Officer

Expert in Administration, Finance, Planning and Control. He held the position of General Manager in several Italian and foreign companies and was Director of the National Secretariat of Agesci. In 2019, he joined Unidata and followed the listing process on EGM, the extraordinary operations and the translisting on EXM - STAR Segment

INDEX

COMPANY OVERVIEW

HISTORY

Foundation Unidata starts operating as an Hardware Provider

Unidata revolutionizes its core business and starts the activity of Internet Service Provider

Unidata was sold to Cable&Wireless and then reacquired

Beginning of the construction of the proprietary FTTH network and Data Center

Unidata extends its activities to Cloud services and Internet of Things

Listing on Euronext Growth Milan of Borsa Italiana

JV with CEBF to deploy high-quality FTTH networks in gray areas of Lazio

Agreement with Azimut to build a green neutral Tier IV data center in Roma

JV with Azimut to build 900 km of submarine optical fiber in the Tyrrhenian Sea

Unidata win the tender for the IoT system managing water meters in Palermo

Closing of the acquisition of TWT Group based in Milan and operating in all Italy

Listing on Euronext STAR Milan of Borsa Italiana

FIBER & NETWORKING

The Unidata Fiber Network infrastructure is concentrated in the most important cities of Lazio Region, where Unidata offers complete coverage of the territory with Gigafiber: direct FTTH (Fiber to the Home) connectivity (100% Fiber optic).

OVER 6,200 KM OF FIBER OPTIC CABLING

LAUNCH OF 10GB CONNECTIVITY IN ROME AND LAZIO, QUADRUPLING THE AVAILABLE SPEED

365,000 HOUSING UNITS SERVED AS OF 30 SEPTEMBER 2023

CLOUD & DATA CENTER

The Unidata Data Center was built in line with the conditions required by certification standards Rating 4 (formerly TIER IV) with additional features to ensure the highest level of infrastructure security and reliable continuity of service provision.

The Data Center occupies a surface area of 800 squaremeters.

NEUTRAL COLOCATION – MULTI CARRIER

CLOUD SERVICES (IAAS, SAAS AND PAAS)

NETWORK SECURITY — MANAGED SERVICES DISASTER RECOVERY

IoT & SMART SOLUTIONS

LoRa is the new wireless technology to support IoT solutions wide communication range (several Km) to reach devices high penetration to reach any object wherever it is installed low power consumption (many years with a single battery) open standard to create private public collaborative network worldwide adopted with the largest marketplace

Market Drivers

• Massive Smart Metering
• Smart City
• Smart Grid for Water, Gas and Electricity
• Smart Agriculture

IoT AND SMART METERING: TENDERS AWARDED

Award in Temporary Grouping of Companies, with the role of Mandatory, with BIP S.p.A. and Lektor S.r.l.

Tender for the implementation of the Automatic Meter Management System of the Metropolitan City of Palermo

Total value of the tender, part of NRRP funds, equal to 2.7 million Euros, for a period of 36 months

Award in Public Private Partnership of the concession for the implementation and management of the smart metering IoT system for Acqua Pubblica Sabina

Assignment through project financing equal to 9.5 million Euros for a duration of 14 years

Award of the contract for the Connectivity service for the meters of the integrated water service users, for drinking water use, in Firenze- Prato-Pistoia Metropolitan Area

Assignment through project financing equal to over 3.5 million Euros for a duration of 13 years

Award in Temporary Grouping of Companies of the concession for the implementation and management of the smart metering IoT system for Molise region

Assignment through project financing equal to over 3.0 million Euros for a duration of 2 years

ABOUT 18.7 MILLION EUROS IN IoT TENDERS FROM THE BEGINNING OF 2023

ADDITIONAL KEY SERVICES

In addition to the three main areas, Unidata develops some additional key services:

Fiber infrastructure construction

Unidata directly builds the fiber optic network for Unidata and Unifiber in some key areas, as for instance in the grey areas of Latium, Apulia, Molise.

Projects

Unidata works in projects regarding specific customers' requirements and events relating to the provision of support, design and consultancy services for Internet technologies and, more generally, for digital environments.

Ex. Project Bari - construction of a video surveillance implementation at the ASI Consortium of Bari

TWT GROUP

TWT GROUP

• Founded in 1995 in Milan, TWT Group is a primary Italian TLC, connectivity and ICT services operator specialized in the B2B segment¹
• TWT Group's vision is to become a recognized "atelier of telecommunications" with a bespoke B2B offering

1) Commitment to dismiss the majority of TWT's legacy voice trading business: run-off of base clients (i.e. customers/contracts with almost no gross margin) in order to focus on the most profitable

UNIDATA & TWT: STRONG COMPLEMENTARITY

INDUSTRIAL SYNERGIES 2023-2025

The acquisition of TWT Group will allow several business synergies and cost savings that will generate year by year a positive impact on EBITDA and EBITDA Margin:

Continuous growth of both Unidata and TWT core business in B2B channels

Sale of the offering of Unidata through the network of TWT dealers and TWT services to Unidata retail customers

Aggregation of Unidata and TWT network infrastructure lowering costs

Creation of a new advanced proposal in Cloud: multisite and with disaster recovery

Creation of a new commercial proposal in SD-WAN and Cybersecurity

Decrease low-margin voice trading business

Integration of operating structures for greater efficiency and cost savings avoiding replications

Scouting of new areas to develop infrastructure (from Unidata experience in Rome areas)

MAIN PROJECTS

UNIFIBER (JV WITH CEBF)

Closing signed in 2020 with Connecting Europe Broadband Europe (CEBF)¹ and the activity started in 2H 2021.

FTTH access network implementation in "gray areas" without FTTH, localized in Lazio region. Unifiber owns the passive FTTH network.

1) CEBF (Connecting Europe Broadband Fund) is a fund sponsored by Cassa Depositi e Prestiti (IT), Caisse des Dépôts et Consignations (FR), KFW (DE), European Investment Bank, European Commission and other investors. For CEBF, this is the first investment in Italy.

FTTH FOR GRAY AREAS OF LAZIO

FINANCIAL STRUCTURE OF THE PROJECT

As of September 2023, Unidata already paid Eu 5.5 million out of its total equity

investment.

UNITIRRENO (JV WITH AZIMUT)

Closing signed in 2023 with Azimut - Fondo Infrastrutture per la Crescita ESG¹ and the activity already started.

Submarine cable system in Tirreno Sea of about 900 km from Mazara del Vallo to Genova, with a junction point near Rome-Fiumicino and one in Sardinia.

1) Fondo Infrastrutture per la crescita – ESG is a fund established and managed by Azimut Libera Impresa, invests in social infrastructures in order to generate a positive and sustainable growth of the economy, environment and society with an ESG approach

THE SHORTEST AND MOST RELIABLE PATH TO NORTHERN EUROPE

FINANCIAL STRUCTURE OF THE PROJECT

As of September 2023, Unidata already paid Eu 6.5 million out of its total equity investment.

Unidata equity investment will be up to Eu 18 million, due to an option to increase its participation to own a majority stake.

UNICENTER (JV WITH AZIMUT)

Investment Agreement signed in 2022 with Fondo Infrastrutture per la Crescita - ESG¹ .

Green and neutral Tier IV datacenter in Rome about 20 MW and 3,200 rack capacity, for a total area of 20,000 sqm

1) Fondo Infrastrutture per la crescita – ESG is a fund established and managed by Azimut Libera Impresa, that aims to invest in social infrastructures in order to generate a positive and sustainable growth of the economy, environment and society with an ESG approach

FINANCIAL STRUCTURE OF THE PROJECT

As of September 2023, Unidata has not paid any amount of its total equity investment.

KEY FINANCIALS

Financial Highlights FINANCIAL HIGHLIGHTS FY2021 UNIDATA GROUP – REPORTED DATA 9M 2023

Revenues 64.6 M€ (32.7 M€ in 9M 2022)* +97%

+97%

EBITDA Adjusted 15.8 M€ (8.0 M€ in 9M 2022)* 51.7 M€

NFP (cash negative) (9.6 M€ in FY 2022)*

Direct Customer Growth 21,887 (18,292 in FY 2022)*

+20% +750km

Optical Fiber >6,200 km (5,450 in FY 2022)*

*The values in brackets refer to the economic-financial data of Unidata S.p.A. stand-alone as of 30 September 2022, therefore they do not take the TWT Group into consideration.

STRONG REVENUES GENERATION

• Consolidated revenues strongly increased, thanks to the inclusion of the recently acquired TWT Group in the perimeter.
• "Stand-alone" revenues showed an excellent result confirming Unidata's solid business model with an increase of about 16.4%. 1

Retail 63,3% Infrastructure 34,8% Other Revenues 1.8% Eu 64.6 mn Number of customers 18,292 21,887 13,921 17.155 2.063 2.233 2.308 2.499 Direct Customer growth: Business Unidata (+8% YoY) Business TWT (+8% YoY) Consumer (+23% YoY) Consumer 4.8% Business 11.5% Wholesale 1.7% PA 1.2% Project 3.1% Voice trading 5.0% Reseller & Business TWT 36.0% Wholesale IFRS 16 13.0% Unifiber 19.9% Materials trading 1.9% FY 2022 9M 2023 Indirect Customers through TWT partners network 33,178

1) ''Like for like'' revenues refer to the revenues of Unidata S.p.A. stand alone; 2) Reported Data include Unidata data from 01.01.2023 to 30.09.2023 and TWT Group data from 01.03.2023 to 30.09.2023; 3) Management data include economic data from 01.01.2023 to 30.09.2023 of both Unidata and TWT Group.

Reported Revenues 9M 2023 breakdown

CURRENT UNIDATA GROUP CUSTOMERS

33,178 Active lines at national level through a network of about 370 partners 21,887 Unidata & TWT Consumer and Business Customers 55,065 customers

OUTSTANDING AND CONTINUOUS GROWTH

• The improvement in EBITDA in 9M 2023 is strictly related to the consolidation of TWT Group.
• EBITDA Adjusted, equal to € 15.8 million, is calculated net of extraordinary costs related to consultancy for the acquisition of TWT Group and for the finalization of the Translisting amounting to approximately € 0.8 million.

NET FINANCIAL POSITION BRIDGE

Financial Highlights UNIDATA GROUP - FY2023E FY2021

1) Reported Data include Unidata data from 01.01.2023 to 30.09.2023 and TWT Group data from 01.03.2023 to 30.09.2023; 2) Management data include economic data from 01.01.2023 to 30.09.2023 of both Unidata and TWT Group.

SUSTAINABILITY

UNIDATA: A BENEFIT COMPANY

IN THE LAST THREE YEARS, UNIDATA HAS ACCELERATED ITS JOURNEY TOWARDS SUSTAINABILITY

In 2022, Unidata became a Benefit Company and published its 1 st Impact Report and 3 rd ESG Report

Unidata developed its ESG Strategy based on 3 macro-purposes of common benefit:

Reducing climate-changing emissions and the energy consumption

Infrastructure of areas to resolve conditions of digital divide

SOCIAL GOVERNANCE

Protection of employees and attention to their training and well-being

RESULTS AND GOALS

ENVIRONMENTAL SOCIAL GOVERNANCE

Reduction of energy consumption and emissions

Results 2022

Total energy consumption: 2,525,216 kWh Consumption of energy from renewable sources: 2,389,868 kWh (94% of the total) Replacement of 60% of the fleet to hybrid and/or electric

Goals 2023

Reduction of data center energy consumption

by 10% for the same space used Maintaining at least 94% of renewable energy Improvement of the current photovoltaic system Replacement of 100% of the fleet in hybrid/electric

Wire gray and black fiber areas

Results 2022

New real estate units gray area (UniFiber): 43,092

New real estate units black area (Unidata): 71,334

Goals 2023

New real estate units gray area (UniFiber): 75,075

New real estate units black area (Unidata): 58,630

Ensure training consistent with individual needs

Goals 2023

Training for at least 80% of the company population

Training for executives and managers focused on soft skills

Goals 2023

Training for at least 80% of management

Measurement of corporate climate through surveys

Goals 2023

Carrying out initial analysis of the company climate and spreading results

SHAREHOLDERS & GOVERNANCE

This document has been prepared by UNIDATA S.p.A. (the "Company") solely for information purposes. It contains summary information only and is therefore preliminary in nature. It has also been prepared without any intention of being exhaustive. THIS PRESENTATION AND THE ASSOCIATED VERBAL DISCUSSIONS DO NOT CONSTITUTE A PUBLIC OFFER OR AN INVITATION TO SUBSCRIBE, PURCHASE OR OTHERWISE ACQUIRE FINANCIAL PRODUCTS UNDER ARTICLE 1(1)(T) OF LEGISLATIVE DECREE NO 58 OF 24 FEBRUARY 1998 (AS AMENDED). This document is not therefore an advertisement and does not in any way constitute a proposal for execution of a contract, an offer or an invitation to purchase, subscribe or sell securities and neither does this document or part of this document constitute a basis to be relied upon in relation to any contract or undertaking or investment decision. The Company has not prepared and will not be preparing a prospectus for the purposes of an initial public offering of shares. Any decision to purchase, subscribe or sell securities must be taken independently of this Presentation. No provision of this Presentation will therefore create any binding liability or obligation for the Company and its subsidiaries and for their consultants or representatives. The Presentation is not intended for distribution in the United States of America, Canada, Australia, Japan or in any jurisdiction in which such distribution is illegal (as defined in Regulation S under the United States Securities Act 1933, as amended (the 'Securities Act'). Neither this Presentation nor any copies thereof may be used or transmitted in the United States of America or in its territories or possessions, or distributed, directly or indirectly, in the United States of America or in its territories or possessions or to any American person. Failure to comply with this restriction may constitute a breach of United States securities laws. No declaration or guarantee, whether express or implied, is or will be given by the Company in relation to the accuracy, completeness or correctness of the information provided and, to the extent permitted by law and save in the case of fraud by an interested party, no liability is assumed in relation to the accuracy or sufficiency of that information or for errors, omissions or inaccuracies, negligence or other issues relating thereto. In particular, but without limitation, no declaration or guarantee, whether express or implied, is or will be given in relation to the achievement or reasonableness of, and no reliance may be placed for any purpose on the accuracy or completeness of, estimates, targets, projections or forecasts, and nothing in these materials should be considered as a promise or representation for the future. The information and opinions contained in this document are provided as at the date of this document and are subject to modification without notice. The recipient will be the sole party responsible for its own assessment of the information contained in the Presentation. Neither the Company and its subsidiaries nor their consultants or representatives, will be obliged to provide or update any information or to provide notification of or correct any inaccuracies in any information. Neither the Company and its subsidiaries nor any of their consultants or representatives will have any liability vis-à-vis the recipient or any of its representatives as a consequence of the use of or reliance on the information contained in this document. Some information may contain forward-looking statements that present risks and uncertainties and are subject to change. In some cases, these forward-looking statements may be identified by the use of words such as 'believe', 'anticipate', 'estimate', 'objective', 'potential', 'hope', 'forecast', 'draft', 'could', 'should', 'may', 'intention', 'plan', 'purpose', 'seek' and similar expressions. The forecasts and forward-looking statements included in this document are necessarily based on a series of assumptions and estimates that are intrinsically subject to significant economic, operational and competitive uncertainties and unforeseen events, and on assumptions relating to future corporate decisions that are subject to change. By their nature, the forward-looking statements present known and unknown risks and uncertainties, because they refer to events and depend on circumstances that might occur in the future. Furthermore, the actual results may differ substantially from those contained in any forward-looking statement because of a series of significant risks and future events that are outside the control of the Company and cannot be estimated in advance, such as the future economic context and the actions of competitors and other entities involved in the market. These forward-looking statements refer only to the date of this presentation. The Company advises that the forward-looking statements are not guarantees of future benefits and that its current financial position, corporate strategy, plans and management objectives for future operations may differ substantially from those stated in or suggested by the forward-looking statements contained in this Presentation. Furthermore, even if the Company's financial position, company strategy, plans and management objectives for future operations are consistent with the forward-looking statements contained in this Presentation, these results or developments might not be indicative of the results or developments in future periods. The Company expressly disclaims any obligation or undertaking to disclose updates or revisions of any forward-looking statement contained in this document to reflect any change in the Company's expectations in relation to that document or any change in events, conditions or circumstances on which such statements are based. By receiving this Presentation, the user acknowledges and accepts that it is bound by the terms, conditions and restrictions stated above.

Unidata S.p.A.

ROBERTO GIACOMETTI CFO & Investor Relations Officer

+39 329 2478696 r.giacometti@unidata.it

CDR Communication S.r.l. Investor Relations Consultant

SILVIA DI ROSA +39 335 7864209 silvia.dirosa@cdr-communication.it

ELEONORA NICOLINI +39 333 9773749 eleonora.nicolini@cdr-communication.it