Marzocchi Pompe

Investor Presentation • Apr 2, 2025

2024 RESULTS PRESENTATION

2 April 2025

Disclaimer

Disclaimer
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	If the recipient at any time disagreed with this constraint, he would kindly and immediately return the document to Marzocchi Pompe S.p.A
Information	The document does not represent in its entirety neither Marzocchi Pompe S.p.A. nor the project that Marzocchi Pompe S.p.A. aims to achieve and, therefore, there may be some omissions concerning information related to it. Marzocchi Pompe S.p.A. is not obliged to provide the recipient with any updates or additions to the document, even if it contains errors, omissions or inaccuracies.
	The document was produced with due care and diligence; nevertheless, Marzocchi Pompe S.p.A. gives no warranty as to both the completeness, accuracy and correctness of the information and the forecasts or opinions expressed therein. Some parts of the document contain statements which are long-term forecasts, which represent then estimates subject to risks and uncertainties and, therefore, may differ, even substantially, from any future results.
	Neither Marzocchi Pompe S.p.A. nor its employees assume responsibility for the content of the document, even in cases where the recipient may suffer, even implicitly, any damages or losses caused by the omission of information, data and analysis.
General terms &	The document has been prepared by the management of Marzocchi Pompe S.p.A
conditions	The document is not to be construed as an offer or solicitation to buy or subscribe shares issued by Marzocchi Pompe S.p.A. or the respective managers, directors, employees or agents. It is agreed that, if you were to make an offer or invitation to purchase or subscribe shares or related financial instruments issued by Marzocchi Pompe S.p.A., the same would be carried out in compliance with the applicable regulations and with the use, when applicable, of an admission document.

Agenda

• Company at a Glance
• 2024 Results & Outlook
• Achievements
• Sustainability
• Market & Competitive Positioning
• Appendix
  • Business Overview

Marzocchi Pompe at a glance: world leader in top-performing products

	Marzocchi Pompe at a glance: world leader in top-performing products
Company	Marzocchi Pompe is a leading world player in the design, production and marketing of high-performance external gear pumps and motors, which are used in sectors like: industrial (textile machines, machine tools, plastic injection machines, medical equipment, energy, etc.), mobile (agricultural machines, forklift trucks, etc.) and automotive (transmissions, power steering, attitude adjusters,)
Key	Marzocchi Pompe boasts a wide range of products well known for its high performance and great reliability, covering most of the market needs in terms of displacements and interfacing
Success	A key feature is the continuous investment in R&D aimed at satisfying the customer demand for high performance products
Factors	The production of the historical brand «Marzocchi Pompe» is entirely carried out in Italy, in two locations nearby Bologna: Zola Predosa and Casalecchio di Reno, through an extremely verticalized process that allows to keep the product quality under control
	€/000 2021 2022 2023 2024 2024 Revenues by Geographic Area 2024 Revenues by Business Line
	Net Sales 40.538 48.513 49.746 40.038 0,4% EBITDA 7.153 7.557 8.101 3.635
Main	EBITDA Margin * 16,4% 15,4% 16,4% 9,45% 12,0% 20,4% Net Income 1.591 1.962 3.006 0.329
Consolidated Financials	30,3% 36,2% Net Equity 19.796 21.400 22.932 21.880 28,3%
	Net Financial Debt ** 7.838 7.848 5.335 5.769 28,4% 15,0% • About 0,7 mln pumps produced • More than 800 active clients 29,0% 2024 KPI
	• Employees at year end 256
	EBITDA margin is calculated on Sales Revenue+WIP, equal to € 38.479 in 2024 Sales Network Automotive Industrial Mobile AMERICA EUROPE ITALY ASIA RoW * 2024 NFP Adjusted: Net of € 5.7 €m of 3M and 6M term bank savings deposits
	Marzocchi Pompe aims to continue to: •  upgrade production facility to expand capacity and improve efficiency widening/rationalisation of Zola Predosa plant is underway
Strategy	•  invest in R&D to enlarge its product range, consolidating its leadership in the reference market launch of Elika modular pump • increase penetration on Mobile and Industrial applications such as the forklift trucks (mobile) and plastic injection machines (ind.) • develop innovative products for the Automotive market, as witnessed by the important award from a leading world player

• Strategy
  -
  -

2024 Results

2024: Marzocchi is pursuing its growth path in very challenging markets • Customers' need for competitive & customized products

- GLOBAL RECESSION

MARKET SCENARIO MARZOCCHI POMPE ANSWER

• New product launches i.e. ELIKA Modular Pumps & focus on co-design
• Scouting New Markets & partecipation at International Trade Fairs • Priority on New Branches

MARZOCCHI RELENTLESS EFFORTS TOWARDS GROWTH AND VALUE CREATION

• Need to Re-organize the company structure to gain more efficiency and flexibility…

…also Capitalizing on traditionally Strong Financial Solidity

• Fixed Costs Reduction • Migration of Casalecchio operations to Zola Predosa that will become the sole logistics & production site of Marzocchi • First Sustainability Report, a step forward for Growth
  • ESG committment

NET SALES FELL TO € 40 MLN (-19.5%), DUE TO THE GLOBAL INDUSTRY SLOWDOWN

THE CORE BUSINESS SALES WERE € 34 MLN IN 2024, -13.9% ABOVE THE INDUSTRY AVERAGE DECREASE SHOWING MARZOCCHI POMPE RESILIENCE IN THE GENERAL SLOWDOWN OF THE GLOBAL MARKETS. THE AUTOMOTIVE SALES AT € 6 MLN, -41%, WERE LARGELY RELATED TO THE LIFE-CYCLE OF SOME END-APPLICATIONS: NEW ORDERS WILL GENERATE POSITIVE EFFECTS OVER A LONGER TIME HORIZON

EBITDA MARGIN AT 9.45% (VS 16.4% IN 2023)

MARZOCCHI POMPE PROFITABILITY WAS HIT BY THE TOP-LINE DECREASE COUPLED WITH RISING FIXED COSTS, ESPECIALLY LINKED TO THE INDUSTRY CONTRACT RENEWALS WHICH PRODUCED A 14% RISE IN PERSONNEL COSTS OVER THE LAST TWO YEARS. THE DISTINCTIVE "MAKE" APPROACH AND RELENTLESS FOCUS ON PROCESS OPTIMIZATION HOWEVER LIMITED THE MARGIN DECREASE, DESPITE SOME TENSIONS IN PROCUREMENT AND FREIGHT INVENTORIES DERIVING FROM MARZOCCHI TIGHT STOCK MANAGEMENT

ADJUSTED NET FINANCIAL POSITION AT € 5.8 MLN, +9.4% VS. END-2023, BUT -17% VS. JUNE-24

ADJUSTED NFP IS NET OF € 5.7 MLN OF THREE- AND SIX-MONTH TERM BANK SAVINGS DEPOSITS (VS. € 3.0 MLN IN 2023) RECLASSIFIED UNDER OTHER RECEIVABLES IN CURRENT ASSETS. THE 17% DECREASE OF NET FINANCIAL DEBT AT END-2024 VS. JUNE 2024 IS ALSO TIED TO THE REDUCTION IN MARZOCCHI POMPE IS WELL POSITIONED IN CHALLENGING MARKETS THANKS TO ITS KEY STRENGTHS

• CONSTANT PRODUCT INNOVATION AS WITNESSED BY THE RECENTLY LAUNCHED "ELIKA MODULAR" THAT FURTHER PUSH CUSTOMIZATION
• OPERATING FLEXIBILITY AND RELENTLESS SEARCH FOR COST CONTAINMENT, I.E. THE UNIFICATION OF PRODUCTION FACILITIES IN ZOLA PREDOSA
• THE INDUSTRY RECESSION HOWEVER NEEDS TO BE ADDRESSED BY REORGANIZING THE COMPANY STRUCTURE TO ENSURE GREATER EFFICIENCY

* EBITDA Margin calculated on Sales Revenue + WIP

Source: consolidated financial statements

• Revenues stood at € 40 million in 2024, down 19.5% vs. 2023, the year in which Marzocchi Pompe reached the all-time high of € 49.7 million. This decline was linked to the general slowdown in the European and American industry • Core Business sales were € 34 million (- 13.9%), while Automotive sales fell 41% to € 6

million being affected by the life-cycle of some end-applications while the new orders will generate positive effects over a longer time span • EBITDA fell 55% to € 3.6 million (vs. the peak of € 8.1 million in 2023), due to the decrease in the top-line coupled with some stiffness in fixed costs (i.e. the personnel costs grew 14% in the last two years following contract renewals) • As a result, EBITDA margin was 9.45% (down from 16.4% in 2023)

Source: consolidated financial statements

• Revenues by Core market segments (Sales Network, Industrial and Mobile) accounted for 85% of Total Revenues, reaching € 34 million (- 13.9% vs. 2023), thanks to Marzocchi Pompe distinctive capability to serve clients with very competitive and high-performing customized products • In the five-year period 2019-2024, however, Core Business Turnover marked a +16%, confirming the soundness of Marzocchi Pompe strategy of expanding the majority of revenues with higher margins • Weight of Automotive Sales (-41% YoY) decreased to 15% vs. 20.5% in 2023, as new

orders will cash-in in future years

* EBIT Adjusted is Net of depreciation from revaluation resulting from the merger from LBO

Source: consolidated financial statements

from the peak of € 4.5 million in 2023, despite Marzocchi Pompe ongoing efforts to improve operating efficiency

• Adjusted EBIT, calculated net of revaluation depreciation and amortisation resulting from the merger from LBO, amounting to € 0.26 million in the financial year, stood at € 1.2 million, down from € 5.1 million in 2023 • In 2024 Net Profit was equal to € 0.3 million, vs. € 3.0 million last year. This performance witnesses Marzocchi Pompe resiliency in very challenging markets

Net Financial Position proves once again Marzocchi financial solidity Adjusted Net Financial Position Evolution (€m)

• Net Financial Position amounted to € 11,5 million at end-2024 vs. € 8.3 million at end-2023
• More important Adjusted NFP (€ 5.8 million) was down 17% vs. June 2024. Adjusted NFP is net of € 5.7 million of three- and six-month term bank savings deposits (vs. € 3.0 million in 2023) reclassified under other receivables in current assets • Shareholders' Equity equalled € 21.9 million in 2024 (-4.5%)

Source: consolidated financial statements

Achievements

New ELIKA "Modular" upgrades Marzocchi top-performing pump

- IN 2019 THE NEW ELIKA DEPARTMENT WAS COMPLETED THROUGH AN INVESTMENT OF MORE THAN 1 MILLION €S IN THE PRODUCTION SITE OF CASALECCHIO (BO) COVERED BY TWO PATENTS, ELIKA IS MARZOCCHI POMPE FLAGSHIP PRODUCT CHARACTERIZED BY LOW NOISE & HIGH EFFICIENCY THE PLANNED RANGE EXTENSION WAS BOOSTED BY: 1. THE NEW "ELIKA 1P" AND "ELIKA K1P" PUMPS, WHICH FURTHER IMPROVE PERFORMANCES IN 2H 2021 2. THE NEW "FTP – FLUID TRANSMISSION PUMP", WHICH OPENS UP NEW MARKETS AND THAT WAS PRESENTED IN

-

• MARCH 2021 AT THE "VTM" IN TURIN AND IN JUNE AT THE "IVT EXPO" IN COLOGNE 3. IN AUGUST 2023 THE DEVELOPMENT OF THE ELIKA MODULAR PUMPS HAS BEEN COMPLETED, AND THEY CAN NOW BE SUPPLIED IN SEPARATE ELEMENTS, SO THAT THE CUSTOMER CAN INDEPENDENTLY COMPOSE A MULTIPLE ELIKA PUMP ACCORDING TO HIS SPECIFIC NEEDS

"We are very pleased to have completed this first and important piece of our business plan. In 2019 we have already invested over 1 million €s, in a recently renovated area of the historic headquarters of Casalecchio (BO), a new department focused on the production of the ELIKA pump in its various versions. We want to focus on this product, with higher margins than traditional ones, which we believe will be one of our main drivers of growth in the coming years. Also, in the second half of the year we will continue to invest about half a million €s, aimed at launching new products and increasing the efficiency and productivity of our production sites." declared Gabriele Bonfiglioli, CEO of Marzocchi Pompe.

ENLARGEMENT & RATIONALIZATION OF PRODUCTION CAPACITY AND LOGISTICS IN ZOLA PREDOSA PLANT

• IN OCTOBER 2022 MARZOCCHI POMPE PURCHASED AN INDUSTRIAL PROPERTY OF APPROX. 4,800 SQUARE METRES, OF WHICH APPROX. 1,800 COVERED, NEXT TO THE ZOLA PREDOSA PLANT FOR A TOTAL AMOUNT OF € 1.15 MILLION. THE NEW BUILDING ALLOWS MARZOCCHI TO INCREASE PRODUCTION CAPACITY AND IMPROVE OPERATIONAL EFFICIENCY
• IN JULY 2023 MARZOCCHI FINALIZED THE PURCHASE OF A SECOND GAIN OPERATIONAL EFFICIENCY
• STRONG EFFICIENCY GAINS

IN OCTOBER MARZOCCHI POMPE COMPLETED THE INSTALLATION OF PHOTOVOLTAIC SYSTEM OF 954 KWP IN THE NEW ZOLA PREDOSA PLANT THIS INVESTMENT FURTHER ENHANCES MARZOCCHI COMMITMENT INSTALLATION OF PHOTOVOLTAIC PANELS ON THE ZOLA PREDOSA PLANT TO ENHANCE MARZOCCHI'S "GREEN" VOCATION AT THE SAME TIME REDUCING CONSISTENLY ENERGY COSTS

-

• TOWARDS SUSTAINABILTY
• ATMOSPHERE
• NEW PHOTOVOLTAIC PANELS

… after presenting to world leading trade fairs in 2023 (taking place every 2 years) Bauma ConExpo India – 31.01.2023 Mobile Exhibition - Hall 10, Booth L102 IFPE ConExpo Las Vegas – 13.03.2023 World Mobile Exhibition – South Hall, Booth 81745 Dritev Baden Baden – 05.07.2023 Automotive Symposium - Main Hall

Hannover Messe – 17.04.2023 World Fluid Power Exhibition – Booth H5.F18

NEW

Agritechnica Hannover – 12.11.2023 World Agriculture Exhibition – Hall 17, Booth E43 PTC - Power Transmission & Control 2023– 24.10.2023 World Industrial Exhibition – Hall E3, Booth C2-1

Agricultural Exhibition- Main Hall, Booth 717

IVT OFF-HIGHWAY EXPO CHICAGO– 20.08.2024 Mobile Exhibition – Main Hall, Booth 248

POWER TRANSMISSION AND CONTROL ASIA SHANGHAI– 28.10.2024 Industrial Exhibition – Made-in-Italy HALL

2024 Highlights & Outlook

• 2024 WAS A VERY TOUGH YEAR FOR MARZOCCHI POMPE THAT REPORTED RESILIENT RESULTS BOTH IN TERMS OF SALES AND PROFIT MARGINS, DESPITE RECESSIONARY MARKETS ON A GLOBAL BASIS THE COMPANY SHOWED THE STRENGTH OF ITS BUSINESS MODEL AND ITS CAPABILITY TO COUPLE OPERATING FLEXIBILITY WITH HIGH-TECH PRODUCT OFFER, TWO KEY FACTORS TO COMPETE SUCCESSFULLY IN AN EVER MORE CHALLENGING MARKET. MARZOCCHI POMPE CONFIRMS ITSELF AS A RELIABLE AND INNOVATIVE PARTNER FOR ITS CUSTOMERS MARZOCCHI POMPE IS CONSTANTLY INTENSIFYING ITS EFFORTS TO FURTHER IMPROVE COST EFFICIENCY, BY UNIFYING ITS TWO PRODUCTION FACILITIES IN ZOLA PREDOSA. THIS OPTIMIZATION PROCESS WILL HOWEVER REPORT SOME DELAYS DUE TO ADVERSE MARKET CONDITIONS A FUTURE COMMERCIAL BOOST IS EXPECTED FROM PARTICIPATION TO GLOBAL TRADE FAIRS SCOUTING NEW MARKETS: AERO EXPO AND BOAT SHOW IN GERMANY, EIMA (AGRICULTURE) IN BOLOGNA IN 2024; EXPO IN ASTANA AND IVT CHICAGO IN 2025 THE LAUNCH OF THE NEW ELIKA MODULAR PUMPS - WHICH CAN BE SUPPLIED IN SEPARATE ELEMENTS, SO THAT THE CUSTOMER CAN AUTONOMOUSLY COMPOSE A MULTIPLE ELIKA PUMP ACCORDING TO HIS SPECIFIC NEEDS - WILL PUSH FORWARD CUSTOMIZATION OF MARZOCCHI POMPE PRODUCTS, AS IT IS ALREADY THE CASE WITH TRADITIONAL PUMPS
• IN THE FIRST MONTHS OF 2025 WORLD MARKETS CONTINUE TO REPORT A SHARP DECREASE IN DEMAND, THEN MARZOCCHI
• IS IMPLEMENTING STRUCTURE RE-ORGANIZATION AND HEADCOUNT RATIONALIZATION TO FURTHER IMPROVE ITS FLEXIBILITY THE FINANCIAL STRENGTH ALLOWS MARZOCCHI POMPE TO PURSUE ITS INVESTMENT PROGRAMS IN THE LONG RUN TO FURTHER PUSH BUSINESS GROWTH, ALSO THANKS TO THE DIVERSIFICATION OF THE MARKET SEGMENTS IN WHICH THE GROUP OPERATES. MARZOCCHI KEEPS ON INVESTING IN ESG AS WITNESSED BY THE FIRST SUSTAINABILITY REPORT IN 2024

Sustainability

ESG Achievements confirm strong commitment towards Sustainability

• First Sustainability Report in 2024 – Marzocchi has carried out an in-depth process of analysis that led to publication of its first Sustainability Report for 2024, an effort that further strenghtens its commitment to enhance value creation

ESG Achievements: Strong commitment towards Sustainability (2/2)

New «Green» Projects in 2023-2024

• Treedom Forest In February 2023 Marzocchi launched the creation of the "Marzocchi Pompe Forest", giving away the first 300 trees to its employees

  - This project will not only bring a contribution to carbon dioxide reabsorption but, being composed of fruit trees donated to the local community (in Africa, South America and Asia), it will also have a positive impact for the latter in social terms • The size of Marzocchi Forest will be expanded in the years to come

• Photovoltaic panels In 2024 Marzocchi started installation of photovoltaic panels in the new Zola Predosa Plant. This new facility aims at increasing Marzocchi production capacity at the same time improving its operational efficiency • The renovation work includes the installation of photovoltaic panels to supply "green energy" to Marzocchi production processes • The investment has an estimated payback of 3.5 years
  -
  -

• In March 2022 Marzocchi Pompe, in partnership with Yarix, finalized a C SOC + Cynet project Marzocchi's Cognitive Security Information Center C SOC will operate the: ^o Physical and Biometric Security of last generation ^o Attack Prevention & Detection ^o Response Orchestration

  - o H24x7x365 monitoring of company networks

• Cynet tasks are:

  - o Monitoring & Control

  -

Market & Competitive Positioning

Hydraulic market – geographic breakdown Hydraulic end - use markets' forecasts The Fluid Power market is made up by the hydraulic segment and the pneumatic segment. In Asia, Europe and USA the Fluid Power home1 market went from € 25.7 billion in 2000, to € 41.5 billion in 2020 and to 47.3 billion in 2021 of which € 34.2 billion (72%) stemming from the hydraulic sector, and € 13.1 billion (28%) from the pneumatic sector (Source: ISC2 – 2021 – International Fluid Power Statistics – date of publication: 30 August 2022). In Italy, the Fluid Power market in 2021 was estimated to be around € 2.5 billion, of which € 1.6 billion (64%) stemming from the hydraulic sector, and € 0,9 billion (36%) from the pneumatic sector. (Source: Assofluid – Il Fluid Power in Italia, Rapporto di settore 2021). Below is given a geographic breakdown of the home hydraulic market, estimated by ISC, and the weighted growth forecast for the hydraulic end-use markets, published by Oxford Economics.

Europe (CETOP Area) Asia (China, Japan, Taiwan) USA

	(Annual percentage changes unless specified)
	2020	2024	201242	2073	2024	2025
Hydraulic end-use markets
North America	-78	14.7	53	28	26	22
South America	-9.7	28.7	4.9	4.6	4.1	3.3
Europe	-13.8	13.5	6.1	23	1.2	1.1
Asia	-3.2	11.4	6.3	3.4	27	22
Middle East and Africa	-12.8	12.8	5.1	29	25	3.4
World	-5.8	14.8	5.4	29	24	2.0

Notes: World and regional aggregates consist of the 21 countries included within the analysis

covered by companies which are part of the organization. For statistic's sake, the country where the product was built is irrelevant, while the country where the product was sold is considered.

most of the times.

Within the Hydraulic home1 market, the pumps' segment is estimated by ISC to be around 5.7 billion (17%) in 2021 (Vs € 4.9 billion in 2020), of which € 3.7 billion (11%) coming from the reciprocating pumps' segment (axial and radial piston pumps) and € 2 billion (6%) from the rotary pumps' segment (gear, vane, orbital, screw and other types of pumps). Focusing on the rotary pumps sector, in which MP operates, USA stands out as the main marketplace with around € 0.905 billion (44.5%) activity, followed by Asia, with € 0.737 billion (36.2%), and Europe with € 0.393 billion (19.3%).

Note (1 )The Home Market concept is used, as explained by CETOP on the report European Fluid Power Directory 2017/2018, for the market estimates in order to cover all of the fluid power market, and not exclusively that segment covered by companies which are part of the organization. For statistic's sake, the country where the product was built is irrelevant, while the country where the product was sold is considered.

most of the times.

Competitive positioning

Competitive positioning
Characteristic Company	Quality & Performance	Customer service	Gear Pumps Range	Fluid Power Range	Customization	Competitiveness vs Price	Quality vs Price
Marzocchi Pompe
Bosch Rexroth
Bucher
Casappa
Concentric
Galtech/Interpump
Hema / DB
HPI / JTech
Parker
Roquet
Salami
Turolla/Sauer Danfoss
Settima
Vivoil
Source: Marzocchi Pompe SpA	management estimates		Legend:	High	Medium - high	Medium	Low

Leadership in external gear pumps market

Appendix

• Business Overview

MP core business: manufacturing of external gear pumps and motors

- The pumps have the function of transferring the fluid from a tank to an actuator within an oil-hydraulic circuit. (for example, a cylinder that drives the shovel of an excavator). This transfer from the suction circuit to the delivery circuit occurs through the rotation of the two toothed wheels (the so-called "gears") inserted in the pump body, which is realized through the coupling with an endothermic motor or an electric motor. The oil that is transferred is located between the teeth compartments of the gear wheels and the pump body. The pressure that is created in the flow circuit downstream of the pump is proportional to the load determined by use. • MP produces external gear pumps with straight teeth with an involute profile and helical rotor pumps with a conjugate profile. Both are part of the group of pumps called "volumetric", to which vane pumps, internal gear pumps and screw pumps also belong. The piston pumps also belong to the same category, which differ from the previous ones for the alternative movement instead of the rotary one. • The gear motor is the actuator that transforms the hydraulic energy supplied by the pump into mechanical energy, creating a rotary motion with a defined number of revolutions and supplying a certain torque to the shaft on which mechanical systems such as fans and pulleys are connected.

Overview of pump composition and application examples

The pumps are composed of the following main parts: body, flange, cover and bushings in aluminium, and gears (driving and driven wheel) in steel. For some types of products, the flange and the cover can be made out of cast iron. Further components can also be integrated (for example valves), which vary depending on the type of product and customization requirements by the customer.

Product applications

Medical equipment Actuators for surgical tables, diagnostic equipment, latestgeneration stretchers, dental chairs: in general, for small medical equipment, where reliability and silence are necessary. Fixed applications (eg presses, machine tools, etc.) that require hydraulic power units with high performance levels. This sector was among the first that the company positioned itself in. Agricultural machinery Even in agricultural machinery there is an important evolution in terms of hydraulic systems. Increasingly high performance and low noise levels are required. MP is specialized in the production of very low displacement pumps, which require a high technological level to obtain high efficiency standards.

Industrial

Micro-hydraulics

There are many pump applications in the nautical sector: movable bulkheads, thrusters, opening and closing valves, flap drives, boarding and disembarking ladders, piloting systems. Machinery and equipment for material handling Even for these type of machines, very often used inside production facilities, low noise levels are increasingly required in addition to high efficiency standard.

Marine

Construction machinery Extreme flexibility in terms of interface versions (shafts, ports, flanges, etc.) and very high reliability are the features required Gardening machines In this type of application it is essential that oil-hydraulic pumps and motors guarantee the complete absence of contamination.

by this market. Means of transport Brake systems for trams and city trains as well as for airport vehicles. In a world that makes mobility an irreplaceable necessity, products that guarantee the highest level of reliability and safety are in high demand. Municipality issues require a very wide range of products, all with maximum reliability. New energy sources In these applications, such as wind and solar, the compatibility with the environment is of fundamental importance. Even in electric cars, small displacements gear pumps are increasingly used in many applications such as: powertrain, power steering, attitude regulators (with PPM of defectiveness tending to zero).

Municipality

Automotive

Technological innovation and quality standards

The Group's business model is focused on the design, production and marketing of high-performance external gear pumps and motors. The Company manufactures almost all the main components within its own production sites and uses the historical brand "Marzocchi Pompe", which is highly recognizable

	Technological innovation and quality standards
The Group's business manufactures almost all in the sector.	model is focused on the design, production and marketing of high-performance external gear pumps and motors. The Company the main components within its own production sites and uses the historical brand "Marzocchi Pompe", which is highly recognizable
Automated and highly innovative production process	• Technologically advanced production process with a high degree of automation • Strategic phases of the production process entirely managed in house • Internal department dedicated to the design and production of equipment and machinery for the internal production needs • Application of the concepts of lean production, with the aim of maximizing efficiency while minimizing stocks
Continuous product and process innovation	• Continuous product development to meet the increasing market requirements, in terms of silence and efficiency In particular, the R&D activity has allowed Marzocchi Pompe to stand out for: − its wide range of products' cubic capacities (from 0.12 cc to 200 cc) − the high performances of its products, with particular reference to the micro hydraulics field (displacements starting from 0.12 cc) − the patented ELIKA product, low noise pump, high efficiency even at low speed and flow rate regularity due to low pulsations
Focus on quality and excellence	• Made in Italy product • High quality standards • IATF 16949 (formerly ISO TS) certifications (required for the supply of Automotive customers) and ISO 14001 for the plant in Zola Predosa (BO), and ISO 9001 for the plant in Casalecchio di Reno • 100% qualified product ensured by a test carried out on specifically designed test benches

Target markets

(*) The industrial and mobile machines sectors are served by MP both directly, through direct sales, and indirectly, through a distributors' channel/external sales network; the share of sales registered from the sales network can't be attributed to either sector, industrial or mobile machines

Main client composition

- The company benefits from a diversified client base for the Industrial and Mobile machine sectors, having their top 3 clients making up only 8.5% of sales and the top 10 representing 22.0%. The Automotive sector, on the other hand, has fewer clients making up for most of its sales. In total, the company has more than 800 active clients • The following table reports the weight on consolidated revenues of the top 3 and 10 clients for both sectors (Industrial & Mobile and Automotive, accounting for 85% and 15% of total sales, respectively) according to the financial year's consolidated data of Dec. 31st 2024

	Overview weight %	clients1 top
	Industrial & Mobile2		Automotive
	Revenues 2024	%	Revenues 2024	%
Top 3	2.89 mln	8.5%	6.01 mln	100%
Top 10	7.50 mln	22.0%	6.01 mln	100%
Total	34.03 mln	100.0%	6.01 mln	100%

• % 93% of automotive' s revenues are made from sales to only one client, with whom MP subscribed, on October 2014, a multi-year contract expired on December 31st 2022 but this contract has been renewed until 2034 and guarantees the supply of micro-pumps by MP, with the following clauses: - Minimum order volume, with penalties for violation of amount - Pre-established price, mainly based on volumes ordered - Price-adjustment according to previously established mechanisms, based on current raw materials' prices
  -
• 100%
• 100%

Marzocchi Pompe relies on an international distribution network present in over 50 countries. Products are distributed through various channels, such as direct sales, distributors, sales1 , American branch operations and Chinese branch operations ²⁰²⁴ sales breakdown per selling channels* Distribution network's highlights

operating: a network of 5 salesmen

Markets

-

Nota (1): the term "distributors" describes those subjects that purchase MP's products and then re-sell them, establishing a prolonged business relationship with the company

Investment	highlights
Large target market	• The Hydraulic market is large, estimated to be around 10.3 billion in 2021 in Europe (Source: CETOP) and € 1.6 billion in 2021 in Italy (Source: Assofluid)
experiencing growth	• Evidence of upward trend of Italian hydraulic market in the 2009-2018 period, with a 15.2% decrease in production from 2019 to 2020 due to the Covid-19 pandemic
Wide range of product applications	• Countless possibilities in terms of MP pump and motor applications, thanks to the Company's versatility and product personalization options
	• Production process relies on high-tech machinery and extensive use of automation
Business model geared	• Internalization of strategic production process, guaranteeing constant monitoring and high-quality standards
towards innovation	• Continuous product innovation, as it can be seen with ELIKA, one of MP's pumps covered by two patents, which stands out for its outstanding technological level that allows it to produce low noise emissions and low pulsations, but has high efficiency
High profitability and	• EBITDA margin at 9.45% in 2024 (vs. the peak of 16.4% in 2023)
cash flow generation	• High free cash flow (4.9M€ in 2024) allowing for a comfortable NFP Adjusted/EBITDA of 1.6x
Esteemed execution	• Renowned production ability for customized products
capabilities	• High standards on quality, reliability and product performance

Organizational structure and production sites

- Marzocchi Pompe can count on a team of professionals with consolidated experience. As of 31st of December 2024 the workforce consists of 256 resources, with an heterogeneous background of professional skills that strengthens the efficiency of the work team. The resources operate in two production sites,

History

Consolidated Profit & Loss

Eur 000		31-Dec-24 31-Dec-23
Sales Revenue	40,038	100%	49,746	100%
WIP changes	(1,559)		(367)
Other revenue	1,011		1,142
PRODUCTION VALUE	39,490		50,521
Raw materials consumption	(8,854)	(23.0%)	(12,325)	(25.0%)
Service costs	(10,727)	(27.9%)	(13,348)	(27.0%)
Costs for use of third-party goods	(437)	(1.1%)	(393)	(0.8%)
Various operating costs	(477)	(1.2%)	(509)	(1.0%)
VALUE ADDED	18,994	49.36%	23,946	48.50%
Staff costs	(15,359)	(39.9%)	(15,846)	(32.1%)
EBITDA	3,635	9.45%	8,101	16.41%
Depreciation, amortizations & write downs	(2,667)	(6.9%)	(3,643)	(7.4%)
OPERATING PROFIT (EBIT)	968	2.51%	4,458	9.03%
Financial income and charges	(605)	(1.6%)	(811)	(1.6%)
Financial value adjustments	45	0.12%	69	0.14%
EARNINGS BEFORE TAX	407	1.06%	3,716	7.52%
Income tax for the year	(78)	(0.2%)	(710)	(1.4%)
NET INCOME	329	0.86%	3,006	6.09%

(National accounting standards + IAS 17)

Consolidated Balance Sheet

Eur 000	31-Dec-24	31-Dec-23
A) NET FIXED ASSETS	17,407	16,837
Intangible fixed assets	592	852
Tangible fixed assets	15,982	15,156
Financial fixed assets	833	828
B) NET WORKING CAPITAL	16,984	15,725
Inventories	9,963	12,794
Advances from customers	(171)	(65)
Trade receivables	7,772	7,376
Other receivables	7,711	5,332
Trade payables	(4,205)	(5,791)
Other payables	(2,892)	(3,169)
Provisions for ricks and charges	(1,168)	(1,014)
Other assets/liabilities	(27)	261
C) GROSS INVESTED CAPITAL	34,391	32,562
D) EMPLOYEE SEVERANCE PAY	(1,189)	(1,287)
E) NET INVESTED CAPITAL	33,201	31,275
Covered by
F) EQUITY	(21,880)	(22,932)
G) NET FINANCIAL POSITION	(11,321)	(8,343)
Medium/Long-term financial payables	(10,969)	(14,321)
Short-term financial payables	(5,038)	(5,954)
Cash and cash equivalents	4,685	11,932
H) TOTAL HEDGES	(33,202)	(31,275)

(National accounting standards + IAS 17)

Consolidated Cash Flow Statement

€/000	2024	2023
Operating profit [EBIT]	968	4,458
Tax effect	(78)	(710)
Change in funds	57	(678)
Provisions and write-downs	2,667	3,643
Income cash flow	3,614	6,713
Changes in working capital
Inventories	2,831	1,214
Trade receivables	(291)	866
Other receivables	316	(240)
Trade payables	(1,586)	(880)
Other payables	12	273
Changes in working capital	1,282	1,233
Operating cash flow (Free cash flow)	4,896	7,946
Net tangible & intangible investments	(3,233)	(3,679)
Other fixed assets changes	(5)	719
Financial value adjustments	45	69
Cash flow from investing activity	(3,193)	(2,890)
Financial charges/income	(605)	(811)
Share capital increases (/decreases)	0	0
Other Equity changes	(1,381)	(1,482)
Cash flow from financial activities	(1,986)	(2,294)
Net cash flow	(283)	2,762
Start-of-period cash or (exposure)	(5,343)	(8,105)
End-of-period cash or (exposure) (*)	(5,626)	(5,343)
Net cash increase (decrease)	(283)	2,762

(National accounting standards + IAS 17)

Focus on family and management Buy-out

During 2018 the company underwent a restructuring procedure that modified the shareholding structure. As of today, the company is owned by Paolo Marzocchi.

Disclaimer

Disclaimer
Privacy	The document, drafted by the management of Marzocchi Pompe S.p.A., is strictly confidential, therefore none of its contents may be shared with third parties or used for purposes different from those specified in it. Furthermore, this Document shall not be copied or reproduced without the written consent of Marzocchi Pompe S.p.A., either wholly or partially. It is therefore explicitly agreed that, by accepting this presentation, the recipient implicitly gives his consent to be bound by the limitations it contains.
	If the recipient at any time disagreed with this constraint, he would kindly and immediately return the document to Marzocchi Pompe S.p.A
Information	The document does not represent in its entirety neither Marzocchi Pompe S.p.A. nor the project that Marzocchi Pompe S.p.A. aims to achieve and, therefore, there may be some omissions concerning information related to it. Marzocchi Pompe S.p.A. is not obliged to provide the recipient with any updates or additions to the document, even if it contains errors, omissions or inaccuracies.
	The document was produced with due care and diligence; nevertheless, Marzocchi Pompe S.p.A. gives no warranty as to both the completeness, accuracy and correctness of the information and the forecasts or opinions expressed therein. Some parts of the document contain statements which are long-term forecasts, which represent then estimates subject to risks and uncertainties and, therefore, may differ, even substantially, from any future results.
	Neither Marzocchi Pompe S.p.A. nor its employees assume responsibility for the content of the document, even in cases where the recipient may suffer, even implicitly, any damages or losses caused by the omission of information, data and analysis.
General terms & Conditions	The document has been prepared by the management of Marzocchi Pompe S.p.A
	The document is not to be construed as an offer or solicitation to buy or subscribe shares issued by Marzocchi Pompe S.p.A. or the respective managers, directors, employees or agents. It is agreed that, if you were to make an offer or invitation to purchase or subscribe shares or related financial instruments issued by Marzocchi Pompe S.p.A., the same would be carried out in compliance with the applicable regulations and with the use, when applicable, of an admission document.
	45

CONTACTS

Marzocchi Pompe S.p.A.

ir@marzocchipompe.com

Integrae SIM S.p.A. – Euronext Growth Advisor Francesco D'Antonio francesco.dantonio@integraesim.it Dario Gancitano dario.gancitano@integraesim.it

Beatrice Bussoli beatrice.bussoli@integraesim.it

CDR Communication - Investor & Media Relations Paola Buratti, Investor Relations paola.buratti@cdr-communication.it Martina Zuccherini, Media Relations martina.zuccherini@cdr-communication.it