Cembre

Investor Presentation • May 20, 2025

Investor presentation Results of First Quarter 2025

CONTENTS

CEMBRE | Investor relations 2

CEMBRE at a glance Group team Main product lines & applications Results of First Quarter 2025 Stock data & shareholding structure

Contact

CEMBRE AT A GLANCE

• CEMBRE is Europe's leading manufacturer of electrical crimp type
• connectors and related installation tools. The Group has grown its revenues by a CAGR of 6.5% in the last 20 years, from 65.1 M€ in 2004 to 229.7 M€ in 2024. In the last 5 years the Group has grown by a CAGR of 9.4% from 146.3 M€ in 2019 to 229.7 M€ in 2024. It is a dividend payer with a 20 years average dividend payout ratio of 51.9%, and an average dividend yield of 3.8% (2005-2024). The average dividend yield in the last 5 years has been of 4.4% (2020-2024). In 2024, the Group invested 29.5 M€; the total amount of investments made by the company in the last five years (2020-2024) is 73.3 M€; at December 31, 2023 investments amounted to 14.6 M€.
• The product mix (a total of around 18K end products sold during 2024) is offered to around 5K single clients around the world, with 10-biggest clients' purchases corresponding to approximately 23.2% of the consolidated turnover.

CEMBRE cooperates with the users of its products to search the best technical and economical solutions related to electrical connection applications 2021/02 CEMBRE | Investor relations ⁴

GROUP STRUCTURE

The Group employs 931 employees worldwide (at March 31, 2025)

HUMAN RESOURCES (Number of employees by segment, at March 31, 2025)

Manufacturing & logistics •532

Sales & Marketing •257

Administration & services •113

CEMBRE has extensive knowhow in its operating field and its strong R&D team allows it to respond quickly to market demands. Sharp focus on customer needs and the efficient international

sales network (151 salesmen) are significant competitive advantages for CEMBRE.

CEMBRE is Europe's leading manufacturer of electrical crimp type connectors and related installation tools

APPLICATIONS: RAILWAY

18,162 different products sold in one year*

4.8 Millions electrical connectors sold by CEMBRE Group on average each working day*

21,893 different products ready for immediate delivery*

NUMBERS

*12/2024

CEMBRE | Investor relations 10

MADE IN BRESCIA

m2 land. local market.

2025.

VERY STRONG IN EUROPE

assistance.

Main importers

Group companies

… PRESENT ALL OVER THE WORD

CEMBRE has a network of importers and agents who provide technical and commercial assistance and rapid delivery worldwide

Ist Quarter 2025

REVENUES BREAKDOWN before commercial rebates by product family (€'000)

Ist Quarter 2024

Electrical connectors	Tools Railway Products	Marking Cable Systems Glands	Others	Electrical connectors	Tools	Railway Products	Marking Systems	Cable Others Glands
	Electr. connectors	Tools	Railway products	Marking systems	Cable glands		Others	Total
st 1 Quarter	29,117	8,359	8,329	12,615	4,910		1,761	65,091
2025	44.73%	12.84%	12.80%	19.38%	7.54%		2.71%	100%
st 1 Quarter	28,132	8,658	6,944	12,954	4,727		1,874	63,289
2024	44.45%	13.68%	10.97%	20.47%	7.47%		2.96%	100%
Change	3.5%	(3.45%)	19.95%	(2.62%)	3.87%		(6.03%)	2.85%
2025/03				CEMBRE Investor relations				15

GEOGRAPHICAL REVENUES BREAKDOWN

			GEOGRAPHICAL REVENUES BREAKDOWN
			Italy	1 st Quarter 2025	1 st Quarter 2024	Change %
			Sales		27.0 mln	(6.5%)
			% on total	25.3 mln 42.1%	46.1%
Europe	1 st Quarter	1 st Quarter
(Italy excluded)	2025	2024	Change %
Sales	29.0 Mln 26.4 Mln		9.9%
% on total	48.3%	45.0%
			Rest of the World	st 1 Quarter 2025	st 1 Quarter 2024	Change %
		Sales	5.7 Mln	5.2 Mln	9.5%
				9.5%	8.9%

CONSOLIDATED RESULTS OF THE FIRST QUARTER 2025

		CONSOLIDATED RESULTS OF THE FIRST QUARTER 2025
€ Millions	ST 1 Quarter 2025	st 1 Quarter 2024	Change %	st 1 Quarter 2023
Sales	60.0	58.7%	2.3%	57.8
EBITDA % of sales	19.6 32.6%	16.5 28.2%	18.5%	17.8 30.7%
EBIT % of sales	16.1 26.9%	13.3 22.7%	21.3%	14.7 25.4%
EBT % of sales	16.2 27.0%	13.5 23.0%	20.5%	14.7 25.5%
Net profit % of sales	11.9 19.8%	9.7 16.6%	22.4%	10.9 18.8%
Tax rate %	26.7%	27.8%		26.3%

GROUP'S COMPANIES TURNOVER* OF THE FIRST QUARTER 2025

	GROUP'S COMPANIES TURNOVER* OF THE FIRST QUARTER 2025
Company (Euro thousands)	st 1 Quarter 2025	st 1 Quarter 2024	Change %	st 1 Quarter 2023
CEMBRE S.p.A. (Italy)	30,682	32,972	(6.9%)	30.402
CEMBRE Ltd, (UK)	8,012	6,755	18.6%	6.735
CEMBRE S.a.r.l. (France)	4,492	4,151	8.2%	3.765
CEMBRE S.L.U. (Spain)	6,282	5,485	14.5%	5.699
CEMBRE GmbH (Germany)	6,189	5,855	5.7%	7.195
CEMBRE Inc. (USA)	3,443	3,436	0.2%	3.993
CEMBRE BV. (Netherlands) **	673	-	n.a.	n.a.
CEMBRE EL.CON.LIM. (China) **	233	-	n.a.	n.a.
CEMBRE Group	60,006	58,654	2.3%	57.789

MARCH 31, 2025 CONSOLIDATED BALANCE SHEET

	MARCH 31, 2025 CONSOLIDATED BALANCE SHEET
	€ Millions	Mar. 31, 2025	Dec. 31, 2024	Mar. 31, 2023
a	Net operating working capital	97.0	92.9	93.0
	% of sales	42.0%	40.5%	41.6%
b	Net fixed assets	129.4	127.2	110.4
c	Assets available for sales	-	-	-
d	Employees' severance indemnities	1.6	1.6	1.7
e	Provisions for risks and charges	0.4	0.4	0.2
f	Deferred taxes	(0.5)	(0.4)	0.1
	Net invested capital (a+b+c-d-e+f)	223.8	217.8	201.5
g	Equity	230.9	219.7	215.9
h	Net financial position	(7.1)	(2.0)	(14.4)
	Total sources (g+h)	223.8	217.8	201.5

REVENUES EVOLUTION

CEMBRE'S REVENUES AND PROFITABILITY TREND (€ '000)

Ebitda (valore e margine % sulle vendite)

CEMBRE'S REVENUES AND PROFITABILITY TREND (€ '000)

Ebit (valore e margine % sulle vendite)

CEMBRE'S REVENUES AND PROFITABILITY TREND (€ '000)

INDEX ANALYSIS

ROE (Net profit/Equity) ROS (EBIT/Net Sales)

INVESTMENTS TREND

€ '000								2008 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2022 2024
Investments in tangible ossets 4,064 4,815 3,863 1,6,12,59 6,534 7,064 1,732 17,775 10,699 7,181 8,072 11,534 13,162 28,78
Investments in intongible asses 544 82 597 573 47 601 569 1.01 89 1.057 793 919 750 1,07 341
Total investments								4,608 4,997 4,032 1,6,01 3,188 7,135 7,633 12,833 8,466 1,666 7,974 8,99 12,284 4,569 9,519

2025 AND ONWARDS

• Business development thanks to: ^A strengthening of CEMBRE competitive advantage by developing new products and continuous product range renewing by an intense R&D activity Improvement of the distributor channel in foreign countries An higher penetration in the foreign markets, especially in the US and A commercial commitment focus on high growing potential products Cost management by a better operative efficiency obtained from economies of scale and process innovations; Enforcing the manufacturing structure by investing in high-tech, highlyautomated machinery.
  -

  - Germany

2025 AND ONWARDS

The automated warehouse, located in a 4,800 m2 industrial building built in 2012, has been operating from January, 2013.

2025 AND ONWARDS

Future facilities for the production of electrical connectors

Automated warehouse

Connectors" at the Cembre SpA headquarters €42 million, which provides for non-repayable contributions for a maximum of €4.9 million.

In January 2023, the project to expand the

was approved for a maximum investment of

production capacity of "Electrical

2025 E OLTRE

In 2023, work began on the construction of two new industrial buildings for a total of 15,000 m² .

Image dated May 15, 2025

STOCK DATA & SHAREHOLDING STRUCTURE

Cembre FTSE Italia Star data updated at May 12, 2025

Cembre has been listed since December 1997, and is a part of the Star Index since September 2001. Shareholders Share

STOCK DATA & SHAREHOLDING STRUCTURE 2001.
Shareholders	Share
LYSNE Spa	51.57%
Sara Rosani	8.65%
Giovanni Rosani	8.53%
Anna Maria Onofri	0.70%
Others	30.55%

												2001.
	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Dividend per share (€)	0.10	0.15	0.22	0.26	0.16	0.12	0.26	0.16	0.16	0.26	0.36	0.46	0.70	0.80	0.90	0.90	0.90	1.20	1.40	1.80	1.88
Payout Ratio1	41%	39%	40%	37%	25%	30%	39%	24%	24%	42%	45%	49%	70%	59%	66%	69%	79%	79%	74%	74%	74%
Dividend Yield2	3.3%	3.2%	3.6%	4.2%	4.8%	2.6%	4.2%	2.9%	2.5%	2.9%	3.5%	3.3%	5.0%	3.7%	4.4%	4.8%3	4.8%	3.5%	4.5%	4.8%	4.5%
1 Using consolidated	profit			2			Using the year-end share price

SHARE PRICE EVOLUTION

28 24 20 16																			+12.6% CAGR
12 8 4 0
Received dividend	0.10	0.15	0.22	0.26	0.16	0.12	0.26	0.16	0.16	0.26	0.36	0.46	0.70	0.80	0.90	0.90	0.90	1.20	1.40	1.80	1.88
B) Accrued received dividends	0.35	0.50	0.72	0.98	1.14	1.26	1.52	1.68	1.84	2.10	2.46	2.92	3.62	4.42	5.32	6.22	7.12	8.32	9.72	11.52	13.40
Share return (A+B)	5.10	6.62	6.97	4.28	5.80	7.51	6.97	8.02	10.83	12.31	16.36	16.82	25.22	24.67	29.32	25.07	41.32	39.02	46.92	53.20	64.6
Price quota	93.1%	92.4%	89.7%	77.1%	80.3%	83.2%	78.2%	79.1%	83.0%	82.9%	85.0%	82.6%	85.6%	82.1%	81.9%	75.2%	82.8%	78.7%	79.3%	78.4%	79.3%
Dividend quota	6.9%	7.6%	10.3%	22.9%	19.7%	16.8%	21.8%	20.9%	17.0%	17.1%	15.0%	17.4%	14.4%	17.9%	18.1%	24.8%	17.2%	21.3%	20.8%	21.7%	20.7%
											¹ at	the end of the year			² at	May 8, 2025
2025/03									CEMBRE Investor relations												31

Via Serenissima 9 • 25135 Brescia (BS) ITALY The manager responsible for preparing the Company's financial reports, Claudio Bornati, declares, pursuant to paragraph 2 of Article 154 bis of the Consolidated Law on Finance, that the accounting information contained in this presentation corresponds to the document results, books and accounting records.

Claudio Bornati

CFO & IR

ph. +39 030 36921 claudio.bornati@cembre.com cembre.com