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El.En.

Investor Presentation • Jan 27, 2020

4393_cp_2020-01-27_d79d501e-77c6-47d8-a09b-88193d7a5d5e.pdf

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COMPANY PRESENTATION

Frankfurt - January 28th , 2020

Certain statements in this slide show, including those addressing the Company's beliefs, plans, objectives, estimates or expectations of possible future results or events, are forward-looking statements. Forward-lookingstatements involve known or unknown risks, including general economic and business conditions, and conditions in the industry we operate and may be affected should our assumptions turn out to be inaccurate. Consequently, no forward-looking statement can be guaranteed and actual future results, performance, or achievements may vary materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation about the contents nor to update the forward-looking statements to reflect events or circumstances that may arise after the date hereof.

AGENDA

1.El.En.

  • 2.Markets and Growth drivers
  • 3.Our Products
  • 4.Financial Highlights
  • 5.Latest News
  • 6.Multiples & Comparables

El.En.

A Primary Player Providing Medical, Industrial and Conservation Laser Solutions Worldwide

Hi-Tech company

Hi-Tech industrial group active in opto-electronics with proprietary technologies and know how developed over 35 years

Listed on the Milan Stock Exchange Star segment since 2000

Global Group

More than 20 companies active worldwide on several laser application segments and markets

Among the leaders in its space with a Worldwide distribution network

Progressively widening its worldwide presence registering continuous growth over the years More than 45,000 laser sources sold and 5% of revenue invested in R&DMore than 120 patents

More than 90 R&D specialists

El.En. Worldwide

Long term market trends

Aesthetics:

  • Aging population
  • Growing global obesity epidemic
  • Increasing desire of many individuals to improve their appearance
  • Reduction in procedure costs, attracting a broader consumer base

9

Minimally invasive surgeries:

  • Minimally painful procedures
  • Reduced side effects and risks
  • Hospitalization days reduction
  • Savings by Private & National Health Systems
  • ROI increase for surgical services providers

Long term market trends

Laser cutting applications:

  • Enhanced flexibility, productivity and quality standards in manufacturing processes
  • New application verticals
  • Building and construction
  • Minimal environmental impact

Laser marking:

  • Products identification and traceability
  • Minimal environmental impact

Medical & Aesthetic energy-based systems market

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Source: Medical Insight Report

Key growth drivers:

  • Increasingly aging population
  • Desire to achieve or maintain youthful appearance
  • Increase in healthcare spending
  • Requirements for fast and minimally invasive surgical procedures

Reports n Reports' analysts forecast :Medical aesthetics market

2018 to 202310.6% CAGR

11

Industrial laser market

Lasers increasingly adopted in high quality manufacturing for uniqueness, flexibility, environment friendliness, productivity

  • •Sheet metal cutting: technology breakthroughs leading to strong demand expansion
  • •Laser marking for identification: traceability as a quality standard

MARKET STUDIES:

Technavio's analysts forecast :

"The global industrial laser market to grow at a CAGR of 10.24% during the period 2017-2021"

Growthdrivers

MEDICAL

  • Stronger presence in body contouring and cellulite treatment market
  • New laser systems for hair removal
  • Novel dermatologic treatment device
  • OEM urology partnerships
  • New products pipeline

INDUSTRIAL

  • New manufacturing applications for medium power CO2laser sources
  • Strong demand for high power laser sheet metal cutting systems in China and Europe
  • Strong manufacturing presence in China

Our critical success factors

  • -Continuous innovation (breakthrough products)
  • -Flexibility and improvement of production capacity (new factories)
  • -Seeking regulatory clearances worldwide

Permanent Hair Reduction Highlights

QUANTA - THUNDER MT (Blended Alexandrite + Yag) –High end system. The fastest in the world with scanner technology

DEKA - MOTUS AX and MOTUS AY – Moveo Technology , virtually pain free also on dark skin types

ASCLEPION - NEW MEDIOSTAR with MONOLITH Handpiece 5kW diode -10 cm2 - 20 Hz

Vascular treatmentsHighlights

ASCLEPION – QuadroStarPRO YELLOW – 577 nm

QUANTA SYSTEM– 585and DenaVE (US Version) – 585 nm

Rembrandt's Syndrome

Tattoo and Benign Pigmented Lesions treatmentsHighlights

QUANTA SYSTEM – DISCOVERY PICO PLUS & Q-PLUS C MT (blended)

Almost 2 GW peak power (Pico)

BODY CONTOURINGHighlights

DEKA - ONDA COOLWAVES – the first system in the world based on Microwaves @ 2,5 GHz for localized fat accumulations, laxity, and cellulite reduction

MULTI PLATFORM TECHNOLOGYHighlights

DEKA – LUXEA – CE 0123 marked in 2019 by TUV Sud

The most complete multiplatform with

  • •Diode laser handpiece for permanent hair reduction
  • •IPL sets for skin tightening, skin rejuvenation, deeper vascular treatments and acne treatments
  • •Active Q-switch probe for tattoo removal and pigmented lesions treatments
  • •Nd:YAG 1064 nm probe for vessels treatments
  • •Radio Frequency (RF) probe for skin rejuvenation and tightening
  • •Er:YAG probe for micro ablative skin resurfacing
  • Nd:YAP probe for non ablative skin rejuvenation

Total :15 different handpieces

•

PHYSIOTHERAPYHighlights

ASA LASER – M6 the only robotized system for pain removal

The multitarget Laser system created to apply MLS® Laser Therapy automatically and uniformly to the treatment area.

ASA LASER – HIRO TT

TT® is the ultimate application of Hilterapia®, creating new and innovative capabilities in the treatment of painful pathologies of the musculoskeletal system.

VAGINAL ATROPHY AND VAGINAL LAXITYHighlights

DEKA – MONA LISA TOUCH (MLT) WITH RF TOUCH

The most complete vaginal surgical multiplatform with:

  • •CO2
  • •New single use probes for MLT
  • • New single use applicators for Treatment of vaginal laxity (non-surgical vaginal tightening) and vulvar treatment, in particular labia Majora and Minora hypertrophy. Adjuvant in the treatment of disorders of lower urinary tract: mild SUI (Stress Urinary Incontinence) and related symptoms.

Single use RF Touch Probe

UROLOGY - Stones Management and BPHHighlights

QUANTA SYSTEM– Litho 35 W Holmium laser QUANTA SYSTEM – Cyber Ho 60 W Holmium laser QUANTA SYSTEM – Cyber Ho 100 W Holmium laser ASCLEPION / JENA SURGICAL MultiPulse HoPLUS 140 W Holmium laser

with integrated morcellator

35 W60 & 100 W140 W2018 vs 2017 : +51,6% 23

UROLOGY – Virtual Stone Basket

QUANTA – Virtual Stone Basket Effect – onboard of 100 W Holmium lasers to avoid stone retropulsionand to capture stone fragments

PENTA & PENTA CHUTIAN

•Automatic CNC machines with up to 20 kW fiber lasers onboard

BEVELING CUT our new laser special preparation for butt-welding metal sheet edges

Financial Highlights

IncomeStatement 9M-2019

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Revenue breakdown by business

Revenue breakdown by area

New factories

Jena - Asclepion

Vicenza – ASA Laser

Wenzhou (2nd) – Penta Laser

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Revenue and EBIT% guidance

Minorities acquisition in China

Acquired 45% of Penta Chutian Wuhan and 29,7% of Penta Laser Wenzhoufor approx. 20 mln euros + 5 mln of euros Earn Out .

34Transaction funded with available cashNo impact on financial consolidation and guidance

Minorities acquisition in China - Ratios

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Elesta preliminary activities for IPO

  • •50% currently owned – Net worth consolidation
  • •2018 Revenue: €3 mln; 2018 Net Income: € 0,2 mln
  • •Possible timing: first half 2020

Multiples

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(1) EV and multiplies as for previous slide

(*) Revenue,Ebit and earnings annualized

39

best is yet to come…."

Nobel Prize for PhysicsProf. Gérard Mourou

El.En. S.P.A.

Enrico ROMAGNOLI Investor Relations Managertel. +39 055-8826807E-mail: [email protected]

POLYTEMS HIR

Financial Communication, IR and Press Office Bianca FERSINI MASTELLONI [email protected] MARONGIU [email protected]. +39 06-69923324

Contacts

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