Biesse

Investor Presentation • May 14, 2025

Biesse

Q1 2025 Results

IINFO

Conference call after the Biesse B.o.D.

15 May 2025

THE GROUP - WORLDWILDE PRESENCE

Italy

total employees of which 43% out of Italy

~3,830

~22%

of quarterly revenue in North & South America

АРАС

India

2

Manufacturing

Showroom Network in

Sites in

countries

19

Countries

3

Economic Scenario '25-'26 (1/2)

Navigating the Uncertainty

INFLATION

- По
I

Inflation is projected to be higher than previously expected, although still moderating as economic growth softens. G20 headline inflation is projected at 3.8% in 2025 falling to 3.2% in 2026

GDP* OUTLOOK

Global GDP growth is projected to slow down to 2.8% in 2025 with a slightly increase to 3.0% in 2026. Emerging Asia continuing to be the biggest contributor to global growth

COST OF MONEY

Interest rates have been reduced in most major advanced economies in recent months. Nonetheless, the monetary policy generally remains restrictive. IR (deposit facility): BCE 2,25% - FED 4,25% / 4,50%

Headline inflation projections for 2025 and 2026 %, year-on-year

Türkiye 31.4% Argentina 28.4% 99% 6.3% Russia 5.4% 5.3% Brazil 4.5% 4.1% India 4 406 3.5% Mexico South Africa 4.0% 4.6% 3.2% 2.1% Japan 3.1% Canada 29% United States 2.8% 2.6% United Kingdom 2.7% 2.3% Spain 2.5% 2.1% Germany 2.4% 2.0% Australia 2.4% 2.2% Euro area 2.2% 2.0% Korea 1.9% 2.1% Saudi Arabia 1.9% 2.0% Indonesia 1.8% 2.8% Italv 1.7% 1.9% France 1.5% 1.8% China 0.6% 1.4%

(D) Global growth revised down significantly, we would inflation slightly revised up

Forecast change from January 2025, percentage points

US Euro area @ Other AEs China ■ Other EMDEs O Total

Key Takeout:

OECD

24.8%

17.3%

• · Inflation slightly down, US interest rates lowering slower than expected
• Global GDP growth projections remain positive, but US tariff policy undermines stability (-0.5pp)

:::::

WORLD ECONOMIC OUTLOOK APRIL 2025

GROWTH PROJECTIONS BY REGION (REAL GDP GROWTH, PERCENT CHANGE

Q2 2025 Macroeconomics and Machinery Industry

*GDP = Gross Domestic Product

RESULTS Q1 2025

Economic Scenario '25-'26 (2/2)

Uncertainty is the new Certainty

24! Economia

Dazi, per il legno-arredo possibile calo del 5-8% di export verso gli Usa 15 aprile 2025

THE WALL STREET JOURNAL

Trump, Zelensky Meet for First Time Since Oval Office Shouting Match

U.S., Ukrainian leaders spoke briefly before Pope Francis' funeral; Trump later criticized Russia's Putin

By David Luhnow

Updated April 26, 2025 12:20 pm ET

24! Economia

Dazi Usa alla Cina in totale al 145%. Trump: «Tratteremo con la Ue come un unico blocco» 10 aprile 2025

24 Economia

tagli

2%CNBC

China strikes back with 125% tariffs on U.S. goods as trade war intensifies

Key Takeout:

19 marzo 2025

Weak Industrial Consumption and Production, with significant decrease in key industrial sectors

CORRIERE DELLA SERA

ગ્રેની

Dazi, Wsj: «Dazi di Trump l'errore peggiore degli ultimi decenni». Fmi riduce le stime del Pil del mondo: 2,8% nel 2025 (-0,5%) Aggiornata il 23 aprile

30 aprile 2025

La Fed lascia i tassi al 4,25%-4,50%: meno

crescita, più inflazione. Trump chiede

Finanza

Deraglia l'economia Usa. Borse mondiali in frenata, Milano giù con le banche

Nel primo trimestre 2025 il Pil americano è in contrazione per la prima volta dal 2022, con un calo dello 0,3%, a causa soprattutto del deficit commerciale record provocato dai dazi. Wall Street Street in calo, a Piazza Affari pesano sopprattutto le

24 Economia

Germania: a febbraio -1,3% produzione industriale, -4% tendenziale 7 aprile 2025

IL CONTATORE DELLA CRISI

Il contatore della crisi calcola i giorni di calo della produzione italiana dal 1º febbraio 2023, il momento di avvio della lunga sequenza di segni meno che da 21 mesi caratterizza la nostra industria manifatturiera. L'ultimo aumento della produzione risale, infatti, a gennaio 2023

GENERAL MARKET TREND

□ GENERAL SCENARIO :

• Instability and uncertainties due to the evolution of the international geopolitical context are holding back investments.
• The recent changes in US trade policy, concerning customs duties application, are having repercussions on worldwide company investments.
• Many international companies have withdrawn their guidance due to the inability to forecast performance for 2025.
• Cut in U.S. GDP that will impact the export of machinery because the market absorbs about 14% of total Italian exports.

O GLOBAL WOOD MARKET:

• Total Addressable Market ~ 4.1 bn => flat vs LY
• = (6%) in 2024
• · Chinese companies have increased their market share and are becoming more aggressive in international markets as a result of overcapacity and a slowdown in domestic demand (main players Nanxing/KDT).
• In the first two months of the year, exports decreased by 24%: Italy losing (4%) of its market share and China gaining 8%.
• Woodworking machinery in Italy:
  • * Orders are same as in 2016
  • ❖ Consumer confidence is in line with 2015

GLASS & STONE MARKET:

• · Totale Addressable Market
• * ~ ~ 1.4 bn Glass => flat vs LY
• ❖ ~ 1.1 bn Stone => flat vs LY
• = (7%) in 2024 with levels in line with year 2019
• In the first two months of the year 2025, exports dropped by 22%; China outperformed Italy in exports for the first time increasing its market share from 23% to 39%, while Italy's share fell from 35% to 28%.

		Q1	Q1
Value in €m		2025(A)	2024(A)	∆	∆%
Revenues	A					A
EBITDA adjusted	B					B
						C
EBIT adjusted	C
						D
EBIT	D					E
Net Result	E

THE GROUP-BRIDGE NET RESULTS Q1 2024 VS Q1 2025

The net result for March 2025 is (€ 2.8 mil), showing a decrease of e024. The process of organizational transformation continues, aimed at aligning the corporate structure and overhead os with the One Company project. Furthermore, the Group is a crategic initiatives outlined in the three-year plan to strengthen overall operational efficiency and effectiveness.

Headcount	MAR 2025	%	MAR 2024	%	∆	∆ %
Headcount	MAR 2025	DEC 2024	SEP 2024		JUN 2024	MAR 2024

Headcount	MAR 2025		DEC 2024 SEP 2024 JUN 2024 MAR 2024
ltaly	2.196	2.300	2.378	2.455	2.508
Rest of the world	1.634	1.672	1.753	1.797	1.766
TOTAL	3.830	3.972	4.131	4.252	4.274
Delta vs Mar 25		-142	-301 /	-422	-444

Value in €m	Q1 2025(A)	DEC 2024	∆	Q1
Inventories Trade receivables
Trade payables
Contract liabilities Net operating working capital A
Net financial position B
Net financial position with IFRS16

2024(A) ^∆ A

B

WITHDRAWAL OF THE THREE YEARS PLAN 2024-2026

In view of the Biesse Group's financial results for the year 2024 and the first quarter of 2025, the Board of Directors has reviewed the current relevance of the 2024-2026 Three Years Plan, as presented to the market on 28ºº February 2024.

In particular, the Board of Directors noted that the current economic situation, together with the serious uncertainties stemming from the geopolitical and macroeconomic context, meant that the earnings and financial targets contained in the Three Years Plan 2024-2026 were no longer deemed achievable.

However, the guidelines and strategic objectives included in the Three Years Plan 2024-2026 remain confirmed, which the Group will continue to pursue with determination, firm in the long-term strategy outlined therein is correct.

In light of the above, the Biesse Board of Directors has resolved to withdraw the Three Years Plan 2024-2026, reserving the right to adopt a new business plan in the future, when the market context becomes more stable.

THE GROUP - SHAREHOLDER DISTRIBUTION

Shareholders distribution

Biesse Board of Directors

• Roberto Selci (President)
• Massimo Potenza (C.E.O.) --
• Alessandra Baronciani
• Rossella Schiavini
• Federica Ricceri ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
• Massimiliano Bruni ---
• Cristina Sgubin —

Source: LSEG Data & Analytics

RESULTS Q1 2025