Biesse

Investor Presentation • Mar 23, 2021

FINANCIAL PRESENTATION BORSA ITALIANA

VIRTUAL STAR CONFERENCE 2021 – SPRING EDITION

23 MARCH 2021

ONE INDUSTRIAL GROUP

Wood Glass-stone Mechatronic Tooling

MAIN BUSINESS DIVISIONS

4

We manufacture technology for processing wood, glass, stone, advanced materials and metal through specialised business units and 12 manufacturing sites in Italy and worldwide. We operate worldwide with our own key brands: Biesse, Intermac, Diamut, HSD.

ALL OVER THE WORLD

We support our colleagues all over the world, using the most advanced management, sales and support systems. Our global network enables us to be always close to our customers.

SUBSIDIARIES AND REPRESENTATIVE OFFICES

39

+300

SELECTED DISTRIBUTORS

COUNTRIES

SUPPORTING OUR CUSTOMERS

Customers in more than 120 countries: manufacturers of furniture, design items and door/window frames, producers of elements for the building, nautical and aerospace industries.

CUSTOMERS IN

120

WITH OURPEOPLE

We acknowledge that people are essential to our development, because the ability to innovate and pursue excellence in the realisation of products is the consequence of the passion and dedication of all those that are part of the Biesse family.

EMPLOYEES* 4,000* temporary workers included

GLOBAL ORGANIZATION

EXPORT

KOREX PRESS RELEASE

Pesaro, 28 January 2021 – The Biesse Group has reached an agreement for the total sale of the company Dongguan Korex Machinery Co. LTD with registered office in Dongguan (Guangdong province-China). The value of this transaction is estimated at CNY 183.5 million (HK\$212.5 million - €22.5 million) and, if all contractual provisions are met, the deal is expected to be completed bymid-March 2021.

Also the entire financial settlement of the operation is expected to be effected within the next month of March, through the contribution of the bank J.P. Morgan of Hong Kong.

As already pre-announced on 20 December 2019, in addition to the possible production synergies that will also involve the Group's company in India, this operation will lead to a reduction in operating costs that had contributed to accumulating losses of €32 million at Korex.

The expected impact on the Group's consolidated financial statements is a capital gain of around €17 million.

The above does not change the conviction that China can remain the main country for the demand of furniture and, more generally, of capital goods, with an expected growth rate higher than the current worldaverage;

the Biesse Group intends to maintain and strengthen its presence in the entire Far East area through its branch offices already in the region, dedicating a particular commitment to the chinese branch (Biesse Trading Shanghai). In the post-sale deal, the Italian and Indian production companies will be therefore more involved in order to satisfy the needs of the chinese market, towards which the Biesse Group - with all its business divisions- remains firmly oriented.

SALES BREAKDOWN

FY 2020 RESULTS(E)

FY 2020 RESULTS - SUMMARY (in € mln) FY 2020 FY 2019 delta Consolidated Net Revenues 578.8 705.9 -18% EBITDA 56.0 76.7 -27% EBIT* 14.2 39.6 -64% Net Profit 2.5 13.0 -81% Net Financial Position (without IFRS16 effects) 72.7 positive 8.0 positive +64.7

*before non recurring items

EXTRACTOF THE P&L

ln €/m	F Y 2 0 1 4	F Y 2 0 1 5	F Y 2 0 1 6	F Y 2 0 1 7	F Y 2 0 1 8	F Y 2 0 1 9	F Y 2 0 2 0	I V Q 2 0 1 9	I V Q 2 0 2 0
les Ne t s a 1 ea r - y	2 4 7 1 2. 9 % +	9 5 1 2 1. 5 % +	9 6 1 1 9. 1 % +	9 0 6 1 1. 6 % +	7 4 1 7. 4 % +	0 9 7 5. -4 8 %	8. 8 5 7 8 % 1 -	1 9 4. 7	1 8 2. 4 -6 4 %
f g ds l d Co t s o oo so	1 7 1 4 0. 1 %	2 0 6 3 9. 7 %	2 4 5 3 9. 6 %	2 7 0 3 9. 1 %	2 9 5 3 9. 9 %	2 8 6 4 0. 6 %	2 4 5 4 2. 4 %	8 8. 3 4 5. 3 %	8 0. 9 4 4. 4 %
bo & Ov he d c La t ur er a os	2 1 9 5 1. 3 %	2 5 3 4 8. 7 %	3 0 1 4 8. 7 %	3 3 5 4 8. 6 %	3 5 9 4 8. 5 %	3 5 0 4 9. 6 %	2 8 3, 3 4 8. 9 %	8 9. 1 4 5. 8 %	8 2. 7 4 5. 3 %
E B I T D A %	1 4 9. 6 %	6 4 1 2. 4 %	7 6 1 2. 3 %	8 9 1 3. 0 %	9 3 1 2. 5 %	7 6. 7 1 0. 9 %	5 6 0 9 7 %	1 9. 6 0. % 1 1	1 8. 5 0. % 1 1
E B I T * %	2 6 2 % 6.	4 4 8. % 4	5 5 8. 9 %	6 7 9. % 7	6 8 9. % 1	3 9. 6 % 5. 6	1 2 4 2 5 %	0. 2 1 5. 2 %	0 4. 2. 2 %

*before non recurring items

SALES & EBITDA MARGIN

NET DEBT

10.0%

250 RECEIVABLES-PAYABLES - INVENTORIES

16 2012 2013 2014 2015 2016 2017 2018 2019 2020 receivables 99.5 76.2 80.7 105.4 128.7 119.4 134.1 117.0 102.9 payables 107.3 111.1 123.2 153.3 192.6 223.9 243.8 132.7 132.8 inventories 90.3 86.3 98.1 111.4 130.8 143.2 162.8 155.5 129.8 receivables % 26.0% 20.1% 18.9% 20.3% 20.8% 17.3% 18.1% 16.6% 17.8% payables % 28.0% 29.4% 28.8% 29.5% 31.1% 32.4% 32.9% 18.8% 22.9% inventories %23.6% 22.8% 23.0% 21.5% 21.1% 20.8% 22.0% 22.0% 22.4%0 50 100 150 200 €/mln

ORDERS INTAKE BACKLOG

GROUP ORDERS INTAKE& BACKLOG

2020 Group orders Intake -11.9% (vs 2019) o IH 2020 -35,5% oIVQ 2020 +23,2%

2020backlog +3,8% (vs backlog December 2019)

machines only

STAFF

DISTRIBUTION

EMPLOYEESDISTRIBUTION

20 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Production % of total people 1,264 45% 1,175 44% 1,201 42% 1,335 42% 1,482 41% 1,494 39% 1,621 38% 1,386 35% 1,324 35% Service & After sale % of total people 574 21% 613 22% 628 22% 690 22% 803 22% 894 23% 1,001 24% 992 25% 962 26% R&D % of total people 338 12% 321 12% 361 13% 383 13% 436 12% 479 12,5% 501 12% 482 12% 478 13% Sales & Marketing % of total people 364 13% 351 13% 439 15% 495 15% 587 16% 641 17% 715 17% 685 17% 637 17% G&A % of total people 242 9% 235 9% 252 9% 273 9% 310 8,5% 338 8,8% 389 9% 382 10% 362 10% ITALY % of total people 1,646 59% 1,547 57% 1,605 56% 1,780 56% 2,009 56% 2,176 56% 2,483 59% 2,418 62% 2,383 63% OUTSIDE ITALY % of total people 1,136 41% 1,148 43% 1,276 44% 1,396 44% 1,609 44% 1,670 44% 1,744 41% 1,509 38% 1,380 37% TOTAL 2,782 2,695 2,881 3,176 3,618 3,846 4,227 3,927 3,763

(without interim people)

EMPLOYEES DISTRIBUTION

	FY 20 12	FY 20 13	FY 20 14	FY 20 15	FY 20 16	FY 20 17	FY 20 18	FY 20 19	FY 20 20
I T A L Y f % l tot o a le p eo p	1, 6 4 6 9 % 5	1, 5 4 7 % 5 7	1, 6 0 5 % 5 6	1, 7 8 0 % 5 6	2, 0 0 9 0 % 7	2, 1 7 6 % 5 7	2, 4 8 3 9 % 5	2, 4 1 8 2 % 6	2, 3 8 3 6 3 %
O S U T I D E I T A L Y % f l tot o a le p eo p	1, 1 3 6 4 1 %	1, 1 4 8 4 3 %	1, 2 7 6 4 4 %	1, 3 9 6 4 4 %	1, 6 0 9 4 4 %	1, 6 7 0 4 3 %	1, 7 4 4 4 1 %	1, 5 0 9 3 8 %	1, 3 8 0 3 6 %
T O T A L	2, 7 8 2	2, 6 9 5	2, 8 8 1	3, 1 7 6	3, 6 1 8	3, 8 4 6	4, 2 2 7	3, 9 2 7	3 7 6 3

interim people at the end of December 2020: 261

total4,024

	FY 20 19	FY 20 20	%
du Pr ion ct o	3 8 1, 6	1, 3 2 4	-4 4 7 % ,
Se ice & fte Sa les A rv r	9 9 2	9 2 6	-3 0 2 % ,
R & D	4 8 2	4 7 8	-0 8 3 % ,
Sa les & Ma ke ing t r	6 8 5	3 6 7	-7 0 1 % ,
G & A	3 8 2	3 6 2	-5 2 4 % ,
I T A L Y	2, 4 1 8	2, 3 8 3	% -1 4 5 ,
O U T S I D E I T A L Y	1, 5 0 9	1, 3 8 0	-8 5 5 % ,
T O T A L	3, 9 2 7	3, 7 6 3	-4 1 8 % ,

FINANCIAL SUPPORT

FINANCIAL SUPPORT

Group update February 2021

SHAREHOLDERS

B.O.D.

€/MIL SHAREHOLDERS BREAKDOWN BY OWNERSHIP &B.O.D.

Biesse B.o.D.:

SHARE TREND

SHARE TREND

DISCLAIMER

• This presentation has been prepared independently by Biesse S.p.A. and can be used only during meetings with investors and financial analysts. It's solely for information purposes and it may contain statements regarding future financial performances and Company's expectations
• Even if Biesse takes care that the information contained in the document have the requirements of reliability, correctness and newness, Biesse is not responsible for the content processed by third parties and content indicated in this Document. No liability is accepted by or on behalf of Biesse for any errors, omissions or inaccuracies contained in this presentation.
• Any forward looking statements are not guarantees of future performances and is related only of the date of this document. They are based on the Group's current state of knowledge, future expectations and projections about the future events. By their nature they are subject to inherent risks and uncertainties.
• Further information concerning the Group results, including factors that could materially affect the Company itself (i.e. IFRS) will be included and detailed in the Financial Statement of the Group.
• For further details on the Biesse S.p.A. reference should be made to publicly available information. including the Quarterly Reports, the Half Annual Report, the Annual Reports and the Three Years Business Plan.
• Any reference to past performance of the Biesse S.p.A. shall not be taken as an indication of future performance.
• This document does not constitute an offer or invitation to purchase or subscribe for any shares and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.
• No action should be taken or omitted based on the information contained in this Document. Biesse accepts no liability for the results of any action taken on the basis of the information contained in this Document.
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Alberto Amurri

Investor Relator Manager

Via Della Meccanica 16 – 61122 Chiusa di Ginestreto (PU) - Italy

direct 0039 0721439107 mobile 0039 3351219556

alberto.amurribiesse.com