Unidata

Investor Presentation • Feb 13, 2025

EUROPEAN MIDCAP EVENT FRANKFURT

FEBRUARY 13TH, 2025

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.

COMPANY OVERVIEW

COMPANY OVERVIEW

Unidata is a Fiber Company, leader in Telecommunications, Cloud & IoT

FINANCIAL OVERVIEW

2024 Data are Preliminary Data, still unaudited. 2023 Data are Pro-Forma Data, therefore they include TWT Group (acquired on February 28th , 2023) from January 1 st 2023 to December 31st 2023.

FIBER & NETWORKING

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).

Fiber infrastructure construction: Unidata builds the fiber optic network for Unidata and Unifiber in some key areas, as in the gray areas of Lazio, Puglia, Molise regions.

CLOUD & DATA CENTER

The Unidata Group owns 2 Data Centers (Rome and Milan) 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 in Rome occupies a surface area of 800 square meters and the one in Milan of 650 square meters.

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

IoT & SMART SOLUTIONS

MARKET DRIVERS

Massive Smart Metering

Smart City

Smart Grid for Water, Gas and Electricity

Smart Agriculture

Award in PPP 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

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IoT & SMART METERING: AWARDED TENDERS

Award in Temporary Grouping of Companies, with the role of Mandatory.

Tender for the implementation of the Automatic Meter Management System of the Metropolitan City of Palermo

Total value of the tender, part of NRRP funds, equal to 2.7 million Euros, for a period of 36 months

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

Award in Temporary Grouping of Companies of the concession for the implementation and management of the smart metering IoT system for Molise region

Assignment through project financing equal to over 3.0 million Euros for a duration of 2 years

OVER 19 MILLION EUROS IN IoT TENDERS FROM THE BEGINNING OF 2023

Award in Temporary Grouping of Companies of the concession for the design and implementation of the remote reading network based on LoRaWan® technology for Basilicata region

Assignment through project financing equal to 0.6 million Euros for a duration of 2 years

MAIN PROJECTS & ACHIEVEMENTS

UNIFIBER (JV WITH CEBF)

FTTH access network implementation in "gray areas" without FTTH, localized in Lazio region. Unifiber owns the passive FTTH network.

Closing signed in 2020 with Connecting Europe Broadband Fund (CEBF) ¹ and the activity started in 2H 2021.

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 REGION

End of the construction of the fiber network

State of the art: 179,417 homes & 1,824 businesses connected

Start of the construction of the fiber network

FINANCIAL STRUCTURE OF THE PROJECT

As of 31 December 2024, Unidata already paid Eu 6.9 million out of its total equity investment. Unidata has an 11% of free equity thanks to its role of industrial partner.

FINANCIAL INVESTMENT

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

CLIOFIBER (JV WITH CEBF)

FTTH access network implementation in "gray areas" without FTTH, localized in Puglia region.

Agreement with Connecting Europe Broadband Fund (CEBF) 1 to acquire a 11% stake of ClioFiber from a local operator for a consideration of € 625 thousand

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.

UNITIRRENO (JV WITH AZIMUT)

Submarine cable system in the Tyrrhenian Sea of about 900 km from Mazara del Vallo to Genova, with a junction point near Roma-Fiumicino and one in Sardegna region.

Closing signed in 2023 with Azimut - Fondo Infrastrutture per la Crescita ESG¹ and the activity already started.

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 31 December 2024, Unidata already paid Eu 7.5 million out of its total equity investment. Unidata equity investment could be up to Eu 18 million, due to an option to increase its participation to own a majority stake.

1) Last M&A transactions 2016-2019: Zayo (US), Level 3 Communications (US)

RECENT ACHIEVEMENTS

Unitirreno signed an agreement with Sparkle for the landing of its new submarine cable system in Sparkle's Genoa Landing Platform

Unidata announced that UniCredit will support the development plan of UniFiber thanks to a 10 million Euro ESGlinked loan, lasting 10 years

Unifiber signed a collaboration agreement with Open Fiber that will allow Open Fiber to reuse the infrastructure network owned by Unifiber in Lazio to extend the FTTH network

Unidata signed an agreement with CEBF for the acquisition of a minority share in ClioFiber, wholesale operator that deals with the creation of the FTTH network in the gray areas of Puglia

Unitirreno signed a partnership agreement with Fastweb establishing the purchase by Fastweb of a section of the submarine fiber network

Unidata announced that the laying of the first section of the strategic submarine cable infrastructure

of Unitirreno took place on the coast of Roma-Fiumicino

KEY FINANCIALS

FINANCIAL HIGHLIGHTS UNIDATA GROUP - PRELIMINARY FY2024

101.3 M€

Adjusted EBITDA +5% vs 2023

Adjusted EBITDA Margin 27.0%

27.4 M€

Total Investments in tangible (8.1 M€), intangible (3.2 M€) and financial (2.5 M€) assets

Revenues in line with FY 2023 (100.7 M€ in FY 2023) 1

13.8 M€

NFP (47.9 M€ in FY 2023) Adj. NFP 41.5 M€ (46.7 M€ in FY 2023) 43.9 M€ 2

1) The values in brackets as of 31 December 2023 refer to the pro-forma economic data as of 31 December 2023, i.e. including the TWT Group in the consolidation for the entire period; 2) Adjusted NFP for the increase of the secured deposit for € 1.2 million.

FINANCIAL HIGHLIGHTS – REVENUES & CUSTOMERS

The values as of 31 December 2023 refer to the pro-forma economic data as of 31 December 2023, i.e. including the TWT Group in the consolidation for the entire period. 2024 Data are Preliminary Data, still unaudited.

Unidata Group's consolidated revenues strongly increased between FY2022 and FY2023, thanks to the inclusion of the acquired TWT Group in the perimeter, doubling the size of the Group.

In FY2024, the Group recorded revenues in line with FY2023 because of the disposal of voice trading.

FINANCIAL HIGHLIGHTS – EBITDA & EBIT

• EBITDA Adjusted, equal to € 27.4 million in FY 2024 (preliminary data), is calculated net of extraordinary costs amounting to approximately € 0.3 million.
• FY 2024 EBIT has not yet been released, therefore for 2024 it has been presented 1H 2024 and 9M 2024 results.

INVESTOR PRESENTATION 22 The values as of 31 December 2023 refer to the pro-forma economic data as of 31 December 2023, i.e. including the TWT Group in the consolidation for the entire period. 2024 Data are Preliminary Data, still unaudited.

NET FINANCIAL DEBT BRIDGE

(1.5)	(0.3)	(0.3)	(3.0)	(1.0)	(1.2)	(43.9)
assets	Buyback	Dividends	Interest payable	Unitirreno barren investment	Secured Deposit	Net Cash/ (Net debt) Dec '24

UNIDATA GROUP - CUSTOMERS 9M 2024

34,041

Active lines at national level through a network of about 370 partners

26,446

Unidata Group Consumer and Business Customers

60,487

BUSINESS PLAN 2025 - 2027

KEY POINTS OF THE STRATEGY

To be a strong player in a growing market using innovation as strategic driver

IoT & Smart City

Connectivity Cloud & CyberSec

Artificial Intelligence

Datacenter

IoT & Network based Smart City & Smart Areas

• LoraWan: Smart metering killer IoT application Unidata is the largest player in Italy

• Roma5G: Smart City & 5G Neutral Hosting Unidata as operating Partner

• PPP: strategic tool, acquired Know-How
• Strategic alliances with major players in Italy

Infrastructure Maker

The digital infrastructure is not finished. - Unidata continues the construction of fiber networks, expands the network with Unifiber – further >50 mln€ Investment >3 years of activity; strategic agreement with Openfiber for sales on the Unifiber network

- Unitirreno - 80 mln€ investiment. Unidata has acquired submarine fiber know-how, one of the few in Italy and Europe; Commitment to sales, operation and maintenance, ready for service in 2025

A.I. technology is must

Operational efficiency and cost savings among the main benefits. Unidata focuses on process efficiency and internal and external solutions

Growth with innovation

• 1 > 10 > 100 Gigabit & Wi-Fi 7 Network as a Service Cloud based - Embedded Cybersecurity - Cloud: IaaS & SaaS, Storage, Private Cloud Infrastructure

Datacenter Business grows in volume

• Current Edge Datacenters in Rome and Milan - Unicenter - Rome Datacenter Colocation starts in 2025 with 13,000sqm up to 16MW >2000

• Unidata will sell and manage Colocation and

-

- racks

• connectivity services

2027 FINANCIAL TARGET

CUMULATED CAPEX 2025-27 NET FINANCIAL DEBT

2027 REVENUES BREAKDOWN

REVENUES MIX by Business Line

Over time the Mix of contribution to Total Revenues changes in favour of a greater weight of Revenues deriving from the SERVICE business line (Fiber & Connectivity, Cloud, Datacenter & IoT)

REVENUES MIX by Type

TARGET & COMPETITORS

companies by 3.1%. Growth was higher for medium-sized companies (+3.9%).

Target Competitors

APPENDIX

CORPORATE GOVERNANCE & ORGANIZATION

Foundation Unidata starts operating as an Hardware Provider

Beginning of the construction of the proprietary FTTH network and Data Center Unidata extends its activities to Cloud services and Internet of Things

Unidata revolutionizes its core business and starts the activity of Internet Service Provider

Listing on Euronext Growth Milan of Borsa Italiana

JV with CEBF to deploy high-quality FTTH networks in gray areas of Lazio region

JV with Azimut to build 900 km of submarine optical fiber in the Tyrrhenian Sea

Signed the deed of Merger by Incorporation of TWT Group (acquired on February 28 th , 2023) into Unidata

Unidata becomes a Benefit Company affirming a more sustainable identity, more focused on environmental, social and governance aspects

Listing on Euronext STAR Milan of Borsa Italiana

Unidata is among the protagonists of the temporary grouping of companies awarded of the important and innovative #ROMA5G Project

Unidata reorganizes its strategy and corporate identity and presents the new logo, mission and vision

UNICENTER (JV WITH AZIMUT)

Green and neutral Tier IV datacenter in Rome about 20 MW and 3,200 rack capacity for a total area of 20,000 sqm

Investment Agreement signed in 2022 with Fondo Infrastrutture per la Crescita - ESG¹ .

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

FINANCIAL STRUCTURE OF THE PROJECT

As of 31 December 2024, Unidata has not paid any amount of its total equity investment because the project has not yet started.

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

DISCLAIMER

This document has been prepared by UNIDATA S.p.A. (the "Company") solely for information purposes. It contains summary information only and is therefore preliminary in nature. It has also been prepared without any intention of being exhaustive. THIS PRESENTATION AND THE ASSOCIATED VERBAL DISCUSSIONS DO NOT CONSTITUTE A PUBLIC OFFER OR AN INVITATION TO SUBSCRIBE, PURCHASE OR OTHERWISE ACQUIRE FINANCIAL PRODUCTS UNDER ARTICLE 1(1)(T) OF LEGISLATIVE DECREE NO 58 OF 24 FEBRUARY 1998 (AS AMENDED). This document is not therefore an advertisement and does not in any way constitute a proposal for execution of a contract, an offer or an invitation to purchase, subscribe or sell securities and neither does this document or part of this document constitute a basis to be relied upon in relation to any contract or undertaking or investment decision. The Company has not prepared and will not be preparing a prospectus for the purposes of an initial public offering of shares. Any decision to purchase, subscribe or sell securities must be taken independently of this Presentation. No provision of this Presentation will therefore create any binding liability or obligation for the Company and its subsidiaries and for their consultants or representatives. The Presentation is not intended for distribution in the United States of America, Canada, Australia, Japan or in any jurisdiction in which such distribution is illegal (as defined in Regulation S under the United States Securities Act 1933, as amended (the 'Securities Act'). Neither this Presentation nor any copies thereof may be used or transmitted in the United States of America or in its territories or possessions, or distributed, directly or indirectly, in the United States of America or in its territories or possessions or to any American person. Failure to comply with this restriction may constitute a breach of United States securities laws. 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The Company advises that the forward-looking statements are not guarantees of future benefits and that its current financial position, corporate strategy, plans and management objectives for future operations may differ substantially from those stated in or suggested by the forward-looking statements contained in this Presentation. Furthermore, even if the Company's financial position, company strategy, plans and management objectives for future operations are consistent with the forward-looking statements contained in this Presentation, these results or developments might not be indicative of the results or developments in future periods. The Company expressly disclaims any obligation or undertaking to disclose updates or revisions of any forward-looking statement contained in this document to reflect any change in the Company's expectations in relation to that document or any change in events, conditions or circumstances on which such statements are based. By receiving this Presentation, the user acknowledges and accepts that it is bound by the terms, conditions and restrictions stated above.

CONTACTS

Unidata S.p.A.

ROBERTO GIACOMETTI CFO & Investor Relations Officer

+39 329 2478696 r.giacometti@unidata.it

CDR Communication S.r.l. Investor Relations Consultant

SILVIA DI ROSA +39 335 7864209 silvia.dirosa@cdr-communication.it

ELEONORA NICOLINI +39 333 9773749 eleonora.nicolini@cdr-communication.it