Biesse

Investor Presentation • May 15, 2019

Forward-thinking Solutions to leverage the fourth industrial revolution

Pesaro, May14th 2019 –4 p.m. phoneconference call

A. Amurri www.biessegroup.com investorrelator

Biesse highlightsIQ 2019

orders intake: -9.5% backlog:-1.4% (€ 224 mln) group people nr. 4,115 (without temporary people)

€/mln

net consolidatedsales: 169.0

net financial position: -16.7(negative with IFRS 16)

ebitda: 18.9*(incidenceon sales 11.2%)

ebit: 10.7* (incidenceon sales 6.3%)

net profit: 5.6 (incidenceon sales 3.3%)

* before non recurring items

IFRS 16 MAIN IMPACTS

"…..IFRS 16 is an International Financial Reporting Standard (IFRS) providing guidance on accounting for leases. IFRS 16 was issued in January 2016 and will be effective for most companies that report under IFRS in 2019. Upon becoming effective, it will replace the earlier leasing standard, IAS 17. ….The new standard will provide much-needed transparency on companies' lease assets and liabilities, meaning that off balance sheet lease financing is no longer lurking in the shadows. It will also improve comparability between companies that lease and those that borrow to buy……"

FY 2018 effects: EBITDA +6.9 Euro mln N.F.P. - 25 Euro mln

2019 IQ effects: EBITDA +1.2 Euro mln N.F.P. -26.4 Euro mln

===================

extract of the P&L – march 2019

€ /m ln	F Y 2 0 1 3	F Y 2 0 1 4	F Y 2 0 1 5	F Y 2 0 1 6	F Y 2 0 1 7	F Y 2 0 1 8	h m a r c 2 0 1 8	h m a r c 2 0 1 9
l N t e s a e s 1 y ea r -	3 7 8. 4 -1 2 %	4 2 7. 1 1 2. 3 % +	5 1 3. 1 2 1. 5 % +	6 1 8. 5 1 9. 1 % +	6 9 0. 1 1 1. 6 % +	7 4 0. 2 7. 3 % +	1 6 2. 3	1 6 9. 0
l d d d V a u e a e %	1 4 3. 5 3 7. 3 %	1 6 3. 1 3 3. 6 %	2 1 2. 4 4 0. 3 %	2 5 2. 4 4 0. 8 %	2 8 8. 6 4 1. 8 %	3 0 7. 2 4 1. 5 %	6 9. 8 4 3. 0 %	7 5. 6 4 4. 8 %
b L t a o u r c o s %	1 1 2. 7 2 3. 8 %	1 2 8. 2 3 0. 0 %	1 8. 2 4 2 8. % 6	1 6. 6 7 2 8. 6 %	1 9 9. 1 2 8. 9 %	2 1 6 4. 2 9. 0 %	5 0 3 0. 8 %	5 6. 7 3 3. 6 %
E B I T D A * %	3 0. 3 8. 2 %	0. 3 4 3. 6 %	6 4. 1 1 2. 4 %	7 5. 8 1 2. 3 %	8 9. 5 1 3. 0 %	9 2. 7 1 2. 5 %	1 9. 8 1 2. 2 %	1 8. 9 1 1. 2. %
E B I T * %	8. 1 1 4. 8 %	2 6. 5 6. 2 %	3. 8 4 8. 4 %	5 5. 1 8. 9 %	6 3. 6 9. 2 %	6 3. 8 8. 6 %	9 1 3. 8. 6 %	0. 1 7 6. 3 %
						t t ax ra e	3 7. 2 %	3 3. 3 %

* before non recurring items

Net Financial Position –

CASHFLOW– NET DEBT

l € / m n	2 0 1 3	2 0 1 4	2 0 1 5	2 0 1 6	2 0 1 7	2 0 1 8	h m a r c 2 0 1 9
h f l G C r o s s a s o w % les t s ne a	2. 0 5 1 3. 8 %	3 8. 3 9. 0 %	3 4 6. 8. 9 %	4 5. 8 % 7 4	7 5. 4 0. 9 % 1	5 3 % 7 1	-8 0. 5
I t t n v e s m e n s les % t s ne a	-1 9. 8 5. 2 %	-2 0. 8 4. 9 %	-2 5. 3 4. 8 %	-3 1. 1 5 0 %	-3 9. 2 5 8 %	-4 5. 0 6 1 %	-3 6. 4 ( fro ) 26 .6 IFR S 1 6 m
h f l N C t e a s o w les % t s ne a	3 2. 2 8 % 5	1 7. 5 4 1 %	2 1. 0 4 1 %	1 4. 7 2 2 %	3 6. 2 5 2 %	8. 0 1 1 %	-4 4. 1
d iv i de ds n		8 -4 0. 1 8 ha p er s re	-9 8 ha 0. 3 6 p er s re	-9 8 ha 0. 3 6 p er s re	-9 8 0. 3 6 p ha er s re	3. -1 1 0. 8 p ha 4 er s re
b Δ N D t t e e		1 2. 7	1 1. 2	4. 9	2 6. 4	-5	-1 7. 1 *

delta between the revised Dec. PFN and the March PFNincluding the IFRS 16 impacts

Biesse highlightsIQ 2019

Orders& Salesbreakdown

GROUP ORDERS INTAKE& BACKLOG

€/mln

only machines

Sales breakdown-March 2019

Biesse highlightsIQ 2019

Group people distribution Shareholders B.o.D. composition

l d b i i i P t t
e o p e s r u o n ( ) ho le i in im t t te w u r p eo p
	F Y 2 0 1 1	F Y 2 0 1 2	F Y 2 0 1 3	F Y 2 0 1 4	F Y 2 0 1 6	F Y 2 0 1 6	F Y 2 0 1 7	F Y 2 0 1 8	h M a r c 2 0 9 1
d P i t r o u c o n f al p le % o tot eop	1. 2 5 0 4 6 %	1. 2 6 5 4 5 %	1. 1 7 5 4 4 %	1. 2 0 1 4 2 %	1. 3 3 5 4 2 %	1. 4 8 2 4 1 %	1. 4 9 4 3 9 %	1, 6 2 1 3 8 %	1, 5 4 5 3 7. 5 %
f Se ice & A le te rv r sa f al p le % o tot eop	5 7 7 2 % 1	5 7 4 2 % 1	6 1 3 2 2 %	6 2 8 2 2 %	6 9 0 2 2 %	8 0 3 2 2 %	8 9 4 2 3 %	0 0 1, 1 2 4 %	0 0 1, 1 2 4 %
R & D f al p le % o tot eop	3 1 6 1 2 %	3 3 8 1 2 %	3 2 1 1 2 %	3 6 1 1 3 %	3 8 3 1 3 %	4 3 6 1 2 %	4 7 9 1 2. 5 %	5 5 1 1 3 %	4 9 6 1 2 %
les ke Sa & M ing t ar f al p le % o tot eop	3 6 1 1 3 %	3 6 4 1 3 %	3 5 1 1 3 %	4 3 9 1 % 5	4 9 5 1 % 5	5 8 7 1 6 %	6 4 1 1 % 7	7 1 5 1 % 7	7 1 9 1 % 7
G A & % o f al p le tot eop	2 3 3 9 %	2 4 2 9 %	2 3 5 9 %	2 5 2 9 %	2 7 3 9 %	3 1 0 8. 5 %	3 3 8 8. 8 %	3 3 9 8 %	3 4 4 8. 3 %
I T A L Y % o f al p le tot eop	1. 6 5 6 6 % 1	1. 6 4 6 9 % 5	1. 5 4 7 % 5 7	1. 6 0 5 6 % 5	1. 7 8 0 6 % 5	2. 0 0 9 6 % 5	2. 1 7 6 6 % 5	2, 4 8 3 9 % 5	2 2 4 7 , 6 0 %
O S U T I D E I T A L Y f al p le % o tot eop	1. 0 8 1 3 9 %	1. 1 3 6 4 1 %	1. 1 4 8 4 3 %	1. 2 7 6 4 4 %	1. 3 9 6 4 4 %	1. 6 0 9 4 4 %	1. 6 0 7 4 4 %	1, 7 4 4 4 1 %	1, 6 4 3 4 0 %
T O T A L	2 3 7 7 ,	2 8 2 7 ,	2 9 6 5 ,	2 8 8 1 ,	3 1 7 6 ,	3 8 6 1 ,	3 8 4 6 ,	2 2 4 7 ,	4 1 1 5 ,

(interim people March 2019: nr. 126)

People distribution

number of employees: (without interim people) FY 2018 vs IQ 2019 = -2.65%

IQ 2018 vs IQ 2019= +3.70%

number intermim people: IQ 2018 = 193 FY 2018 = 170

IQ 2019 = 126

€/MILShareholders breakdown by ownership Board of Directors

Source: Bloomberg

Three Years Business Plan remind

OUR STRATEGY IN FIGURES

#PRODUCTS TARGETS

3 -Year Business Plan

EBITDA

-

3 -Year Business Plan

NET DEBT

€/mln

3 -Year Business Plan

VALUE ADDED

-

3 -Year Business Plan

LABOUR COST

€/mln

-

%

3 -Year Business Plan

EBIT

3 -Year Business Plan

NET RESULT

€/mln

-

%

3 -Year Business Plan

CASHFLOW

3 -Year Business Plan

l € / m n	2 0 1 4	2 0 1 5	2 0 1 6	2 0 1 7	2 0 1 8 e	2 0 2 1 e
h f l G C r o s s a s o w % les t s ne a	3 8 9. 0 %	4 6 8. 9 %	4 7 7. 4 %	7 4 1 0. 9 %	5 3 7. 1 %	6 9 7. 9 %
I t t n v e s m e n s % les t s ne a	-2 1 4. 9 %	-2 5 4. 9 %	-3 2 5. 2 %	-3 9 5. 7 %	-4 5 6. 1 %	4 8 - 5. 4 %
h f l N C t e a s o w % les t s ne a	1 7 4. 1 %	2 1 4. 1 %	1 5 2. 2 %	3 5 5. 2 %	8 1. 1 %	2 1 2. % 4
d d D i i e n s v	8 -4 0. 8 ha 1 p er s re	-9 8 0. 3 ha 6 p er s re	-9 8 0. 3 ha 6 p er s re	-9 8 0. 3 ha 6 p er s re	3. -1 1 0. 8 p ha 4 er s re	0 -1 4. 3 0 % f f i t p t o ne ro

2019e

• inventories below 22% incidence on Net Sales
• Group DSO around 50-60 days max
• Group DPO around 105-110 days

CAPEX

€/mln

Business Plan

2019e tangible: € 32.9mln intangible: € 18mln

main investments items:

3 -Year

• Mechatronics – HSD takeover of the Bi.Fin srl leasing (existing site in Gradara)
• Wood – stand alone machines vertical authowarehouse (traslo)
• Subsidiary Biesse America campus

ComponentsCosmec working centers

I.T. Service CRM – product configurator – I.I.o.T.

R&D capitalized

Disclaimer

• This presentation has been prepared independently by Biesse S.p.A. and can be used during meetings with investors and financial analysts. It's solely for information purposes and it may contain statements regarding future financial performances and Company's expectations
• Any forward looking statements are not guarantees of future performances and is related only of the date of this document. They are based on the Group's current state of knowledge, future expectations and projections about the future events. By their nature they are subject to inherent risks and uncertainties.
• Further information concerning the Group results, including factors that could materially affect the Company itself (i.e. IFRS) will be included and detailed in the Financial Statement of the Group.
• For further details on the Biesse S.p.A. reference should be made to publicly available information. including the Quarterly Reports, the Half Annual Report, the Annual Reports and the Three Years Business Plan.
• Any reference to past performance of the Biesse S.p.A. shall not be taken as an indication of future performance.
• This document does not constitute an offer or invitation to purchase or subscribe for any shares and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.
• By attending the presentation you agree to be bound by the foregoing terms.

biessegroup.com

Alberto Amurri Investor Relator Manager 0039 - 0721439107 0039 - 3351219556