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El.En.

Investor Presentation • Oct 22, 2018

4393_cp_2018-10-22_7439fb2a-48be-41dd-a719-bb2d401aaf8c.pdf

Investor Presentation

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London - October 23rd - 24th , 2018

DISCLAIMER

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

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

International Group

More than 20 companies active worldwide on several markets and application segments. Listed on the Milan Stock Exchange, Star segment since 2000

Among the leaders in the global market

Progressively widening its worldwide presence registering continuous growth over the years

Worldwide distribution network

More than 40,000 laser sources sold and 5% of revenue invested in R&D

Constant and sustainable growth

14% Revenue CAGR 2011 – 2017

35% EBIT CAGR 2011 – 2017

FY 2017 Consolidated Revenue: €306m, up 21% YoY

A path of growth

in Euro million

Our Markets

Medical& Aesth energy-based systems market

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Source: Medical Insight Report

Key growth drivers:

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

Industrial laser market

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

  • •Sheet metal cutting: technology breakthroughs lead to strong widening of demand
  • •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"

Growth drivers

Growthdrivers

  • Expected growth in our main markets: Aesthetic , Surgery, Industrial
  • Entering the body contouring and cellulite treatment market
  • Novel dermatologic treatment device: 2019
  • Hologic/ Cynosure focused again on Mona Lisa Touch
  • Diabetic foot ulcers: seeking regulatory clearances worldwide
  • New applications for medium power CO2 laser sources
  • Strong demand for high power laser sheet metal cutting systems in China and Europe

New systemsand devices

  • ONDA Body contouring
  • Motus AX expands to Motus AY
  • BPH: Virtual basket and single use morcellator
  • High Power sheet metal cutting systems 15kW
  • OEM systems for urology 100 W Ho:YAG

New factories

Jena

Financial Highlights

IncomeStatement H1-2018

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Balance SheetH1-2018

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Cash flow Statement H1-2018

Revenue breakdown H1-2018

Revenue breakdown H1-2018

Guidance

Multiples & Comparables

Multiples

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(1) EV and multiplies as for previous slide

(*) Revenue,Ebit and earnings annualized

Contacts

El.En. SPA

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

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