21ST SEPTEMBER 2023

INVESTOR PRESENTATION

TODAY'S SPEAKER

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 5,900 KM OF FIBER OPTIC CABLING

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

310,000 HOUSING UNITS SERVED IN H1 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 IN 2023

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 contract equal to 2.7 million Euros, for a period of 36 months

The awarded tender is part of the PNRR funds

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

Unidata will build the network using LoRaWan® technology and implementing a management system for data-driven water resource management processes

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

The awarded tender is part of the PNRR funds

ABOUT 15.7 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

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 June 2023, Unidata already paid Eu 4.3 million out of its total equity investment.

1) Last M&A transactions between 2018 - 2022: SFR FTTH (France), Fast Fiber (Portugal), Bluevia (Spain)

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 June 2023, Unidata already paid Eu 5.5 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 May 2023, Unidata has not paid any amount of its total equity investment.

1) Peers taken into consideration: Equinix Inc., Digital Realty Trust Inc., OVH Groupe S.a.S., WIIT S.p.A.. Source: Factset

KEY FINANCIALS H1 2023

Financial Highlights FINANCIAL HIGHLIGHTS UNIDATA GROUP H1 2023 FY2021

+93%

Revenues 41.7 M€ (21.6 M€ in H1 2022)* +68%

EBITDA Adjusted 9.4 M€ (5.6 M€ in H1 2022)* 49.6 M€

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

Direct Customer Growth 20,956 (18,292 in FY 2022)*

+15% +450km

Optical Fiber >5,900 km (5,450 in FY 2022)*

15.5 M€

Total Investments in tangible, intangible and financial assets

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

STRONG REVENUES GENERATION Financial Highlights FY2021 Revenues H1 2023 breakdown

Consolidated revenues strongly increased by over 93%, 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 22%. 1

Retail 60.2% Infrastructure 37.6% Other Revenues 2.2% Eu 41.7 mn Consumer 4.8% Business 12.1% Wholesale 2.2% PA 0.5% Project 3.9% Voice trading 5.0% Wholesale IFRS 16 10.6% Unifiber 23.1% Materials trading 4.0%

OUTSTANDING AND CONTINUOUS GROWTH (1/2)

The improvement in EBITDA in H1 2023 is strictly related to the consolidation of TWT Group.
EBITDA Adjusted, equal to € 9.4 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 € 0.9 million.

OUTSTANDING AND CONTINUOUS GROWTH (2/2)

NET FINANCIAL POSITION BRIDGE

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

GROWTH STRATEGY

UNIDATA: NEXT-GENERATION COMMUNICATION SERVICE PROVIDER

UNIDATA HAS ALWAYS BEEN DIFFERENT FROM A TRADITIONAL TELCO

We took a different path of innovation, anticipated the times and used new technologies, niche opportunities, speed of execution and ability to adapt. These are key characteristics in the future, because we define ourselves and we want to be a