Unidata

Investor Presentation • Oct 1, 2025

LE ECCELLENZE DEL MADE IN ITALY

OCTOBER 1ST, 2025

Roberto Giacometti

CFO & Investor Relations Officer

TODAY'S SPEAKER

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

over 29,300 direct customers 1

7,920 km optical fiber laid 1

2 Datacenter 800 sqm and 650 sqm

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

VALUE PROPOSITION KEY OPERATIONAL DATA

about 492,000 houses covered 1

through resellers 1

1) Data as of 30 June 2025.

FINANCIAL TRACK RECORD

COMPANY'S OFFERING

FIBER & NETWORKING CLOUD & DATACENTER IoT & SMART 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

LoRa is the new wireless technology to support IoT solutions

2 owned Data Centers (Roma TIER IV and Milano TIER III). The Data Center in Roma covers a surface area of 800 sqm and the one in Milano of 650 sqm.

Several services:

• Neutral Colocation - Multi Carrier • Cloud Services (IAAS, SAAS and

• Network Security - Managed

• PAAS)
• Services
• Disaster Recovery

• Internet and voice services for business, wholesale, PA and retail customers with FTTH connectivity (100% Fiber optic).
• Fiber infrastructure construction: Unidata builds the fiber optic network for Unifiber in some key areas, as in the gray areas of Lazio and Puglia regions.

About 7,920 km of infrastructure, over 500,000 km of fiber optic

10GB connectivity in Rome and Lazio region

Award in PPP for Acqua Pubblica Sabina

Assignment through project financing equal to 9.5 million Euros for a duration of 14 years

IoT & SMART METERING: AWARDED TENDERS

Tender for the Metropolitan City of Palermo

Total value of the tender equal to 2.7 million Euros, for a period of 3 years

Award 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 Molise region

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

20 MILLION OF TOTAL ORDER VALUE, ABOUT 17 MILLION IN BACKLOG

Award for Basilicata region

Assignment through project financing equal to 0.6 million Euros for a duration of 2 years Award for Emilia Romagna region

Assignment equal to 0.3 million Euros

Award for Toscana region

Assignment equal to 0.3 million Euros

Award for Toscana region

Assignment equal to 0.4 million Euros

MAIN PROJECTS & ACHIEVEMENTS

UNIFIBER ITALY (JV WITH CEBF)

Unifiber is a joint venture created with the Connecting Europe Broadband Fund (CEBF) ¹ with shareholdings in Unifiber Italy, whose objective is to develop a FTTH access network in "gray areas", localized in Lazio and Puglia regions.

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.

FINANCIAL STRUCTURE OF THE PROJECT

As of 30 June 2025, Unidata already paid € 6.9 million out of its total equity investment. Unidata has obtained free equity thanks to its role as industrial partner.

UNITIRRENO (JV WITH AZIMUT)

Unitirreno is a joint venture with Azimut - Fondo Infrastrutture per la Crescita ESG¹ with the objective to create a 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.

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

KEY INDUSTRIAL PARTNERS

Marine Deployment System vendor

FINANCIAL STRUCTURE OF THE PROJECT

As of 30 June 2025, Unidata already paid € 7.6 million out of its total equity investment. Unidata equity investment could be up to € 18 million, due to an option to increase its participation to own a majority stake.

Investment	% of Equity	% of Total Investment
€ 18.0 - 24.0 mn	~ 49.0 - 67.7%
€ 36.0 mn	100%	45.0%
€ 44.0 mn		55.0%
€ 80.0 mn		100%

MAIN ACHIEVEMENTS H1 2025

Unidata signed, with a pool of banks and financial institutions of primary standing, a medium-long term loan of € 50 million, significantly improving the cost of debt

Unidata announced the laying of the first section of the strategic submarine cable infrastructure of Unitirreno on the coast of Roma-Fiumicino

Unidata announced that Unitirreno signed a financing contract with Intesa Sanpaolo, also as Agent Bank, and Banco BPM for an amount of € 57 million and a duration of 4 years

Unidata announced the strategic reorganization operation through which the shareholdings that Unidata and CEBF held in Unifiber and Unfiber Puglia were transferred to Unifiber Italy

Unidata announced the laying of a section of the strategic submarine cable infrastructure of Unitirreno on the coast of Mazara del Vallo

KEY FINANCIALS

FINANCIAL HIGHLIGHTS UNIDATA GROUP H1 2025

49.5 M€	12.7 M€
Revenues in line YoY (49.2 M€ in H1 2024)	Adjusted EBITDA +2% (12.4 M€ in H1 2024)
29,317	7,920 km
Direct Customers +6% vs FY 2024	Optical Fiber +320 km
34,285 and Active lines	(7,600 in FY 2024)

through resellers

Optical Fiber +320 km (7,600 in FY 2024) 1

492,570 households covered

NFD (43.8 M€ as of 31 December 2024) 35.9 M€

Adjusted EBITDA +2% (12.4 M€ in H1 2024)

12.7 M€

Total Investments in tangible, intangible and fiinancial assets

4.7 M€

1) Including Unifiber network

FINANCIAL HIGHLIGHTS - REVENUES & CUSTOMERS

1) Pro forma data refer to the pro-forma economic data as of 30 June 2023, i.e. including the TWT Group in the consolidation for the entire period.

Revenues H1 2025 breakdown

Number of customers H1 2025

Unidata Group's consolidated revenues are in line with H1 2024, confirming the inversion of the revenues mix with an increase in the percentage weight of Service Revenues.

Service Revenues recorded an increase (+2%), thanks to a good growth in revenues from consumers, while Infrastructure Revenues recorded a slight decrease YoY (-4%).

UNIDATA GROUP - CUSTOMERS H1 2025

34,285

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

29,317

Unidata Group Consumer and Business Customers

63,602

FINANCIAL HIGHLIGHTS - EBITDA

• The improvement in EBITDA is essentially linked to the increase in Revenues with high added value, the reduction in the Cost of Goods Sold linked to lower Infrastructure Revenues, despite an increase in Service costs due to the increase in costs relating to Consumer

• customers as a result of the growth in corresponding revenues.
• Adjusted EBITDA, equal to € 12.7 million, is calculated net of € 0.4 Million of extraordinary costs

Adjusted EBITDA & Margin EBITDA Bridge

1) Pro forma data refer to the pro-forma economic data as of 30 June 2023, i.e. including the TWT Group in the consolidation for the entire period.

• EBIT, equal to € 6.7 million, recorded a slight decrease compared to the first half of 2024 (€ 7.0 million) due to an increase in

• depreciation and amortization linked to higher investments.
• 50 million loan which took place on 19 June 2025.

• Financial expenses (net of respective income), equal to € 0.9 million, recorded a decrease of 49.8%, mainly due to the recognition of a non-monetary financial income, equal to € 1.9 million, in line with the requirements of IAS IFRS 9 as part of the renegotiation of the €

1) Pro forma data refer to the pro-forma economic data as of 30 June 2023, i.e. including the TWT Group in the consolidation for the entire period.

NET FINANCIAL DEBT BRIDGE

OUTLOOK FY 2025

103 - 108 M€ 28 - 29.5 M€ 36 - 38 M€

APPENDIX

CORPORATE GOVERNANCE & ORGANIZATION

TARGET & COMPETITORS

Target Competitors

UNICENTER (JV WITH AZIMUT)

Unidata signed an investment agreement with Azimut - Fondo Infrastrutture per la Crescita ESG¹ to create a joint venture, named Unicenter, whose objective is to build a green and neutral Tier IV datacenter in Rome about 20 MW and 3,200 rack capacity for a total area of 20,000 sqm.

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 30 June 2025, Unidata has not paid any amount of its total equity investment because the project has not yet started.

Investment	% of Investment	% Shareholders
		25.0%
€ 51.3 mn	90.0%	75.0%
Eu 57.0 mn	100%	100%

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