El.En.

Investor Presentation • May 16, 2016

CONFERENCE CONFERENCECALL

Q1 2016 FINANCIAL RESULTS

May 16th , 2016

Disclaimer 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‐looking statements 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 circumstancesthat may arise after the date hereof.

Q1 2016 Highlights Highlights

/ E 0 0 0 u r o	/ / 3 1 0 3 1 5		/ / 3 1 0 3 1 6		% V a r
	d d i t n a e u u		d d i t n a e u u
R e v e n u e s	4 8 5 1 1	% 1 0 0 0 ,	5 5 2 3 1	% 1 0 0 0 ,	% 1 3 9 ,
E B I T D A	5 3 0 1	0 9 % 1 ,	7 6 6 9	3 9 % 1 ,	% 4 4 7 ,
E B I T	4 4 5 6	9 2 % ,	6 7 2 1	2 2 % 1 ,	0 8 % 5 ,

Medical 34.191 70,5% 38.139 69,1% 11,5% Industrial 14.32029,5% 17.092 30,9% 19,4%

Surgical Surgical Laser systems systems

Aesthetic Aesthetic Laser systems systems

Industrial Industrial lasers applications applications

Cynosure Cynosure

IRR=32,50%

Capital Gain ⁼ €92 mln

Consolidated ConsolidatedRevenues Revenues and EBIT

Q1 ‐ 2016 Financial Financial Results Results

Q1 2016 Consolidated Consolidated P&L

/ 0 0 0 E r o u	/ / 3 1 0 3 1 5		/ / 3 1 0 3 1 6		V % a r.
	d d i t n a e u u		d d i t n a e u u
R e v e n u e s	8 4 5 1 1	% 1 0 0 0 ,	2 3 5 5 1	% 1 0 0 0 ,	% 1 3 9 ,
i G r o s s m a r g n	2 2 2 4 2	8 % 4 5 ,	2 5 4 0 0	6 0 % 4 ,	2 % 1 4 ,
i O E t p e r a n g x p e n s e s	6 9 3 0	1 4 3 % ,	7 2 9 6	1 3 2 % ,	5 3 % ,
f f S t a e s p e n s e s	1 0 0 1 1	% 2 0 6 ,	1 0 3 4 4	% 1 8 9 ,	% 4 2 ,
E B I T D A	5 3 0 1	1 0 9 % ,	7 6 6 9	1 3 9 % ,	4 4 % 7 ,
l D t e p r. a m o r a c c r u a s , .,	8 4 5	% 1 7 ,	9 4 9	% 1 7 ,	% 1 2 3 ,
I E B T	4 4 6 5	9 2 % ,	6 2 1 7	2 2 % 1 ,	0 8 % 5 ,
( ) f h i i N t e n a n c n c o m e c a r g e s	1 7 9 4	3 % 7 ,	( ) 8 1 1	1 % 5 ‐ ,
h ( ) i O t t e r n c o m e e x p e n s e n e	5 5	% 0 1 ,	( ) 9 6	% 0 2 ‐ ,
E B T	6 3 0 5	3 0 % 1 ,	5 8 1 3	0 % 1 5 ,	8 % 7 ‐ ,

2016Guidance Guidance

Sales 2016 ⁼ Sales 2015 +5%‐^> €229 mln

EBIT 2016⁼ EBIT 2015 ‐^> €22 mln

El.En.SPA

Enrico ROMAGNOLI Investor Relations Manager tel. +39 055‐8826807 E‐mail:finance@elen.it

POLYTEMS HIRSRL

Bianca FERSINI MASTELLONI Financial CommunicationTel. +39 06‐6797849 / +39 06‐69923324 E‐mail:b.fersini@polytemshir.it

POLYTEMS HIRSRL

Silvia MARONGIUPress office Tel. +39 06‐6797849 / +39 06‐69923324 E‐mail:s.marongiu@polytemshir.it