Biesse — Investor Presentation 2021

Oct 29, 2021

BIESSE phone conference call

Pesaro, 29 October 2021 4 pm

EXTRACTOF THE P&L

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

QUARTERS

6

ORDER INTAKE

BACKLOG

machines only

STAFF

DISTRIBUTION

EMPLOYEES DISTRIBUTION

	FY 20 12	FY 20 13	FY 20 14	FY 20 15	FY 20 16	FY 20 17	FY 20 18	FY 20 19	FY 20 20	IIIQ 20 21
I T A L Y f % o l tot a le pe op	1, 6 4 6 59 %	1, 5 4 7 57 %	1, 6 0 5 56 %	1, 7 8 0 56 %	2, 0 0 9 70 %	2, 1 7 6 57 %	2, 4 8 3 59 %	2, 4 1 8 62 %	2, 3 8 3 6 3 %	2, 3 3 0 6 0 %
O S U T I D E I T A L Y % o f l tot a le pe op	1, 1 3 6 % 41	1, 1 4 8 % 43	1, 2 7 6 % 44	1, 3 9 6 % 44	1, 6 0 9 % 44	1, 6 0 7 43 %	1, 7 4 4 41 %	1, 0 9 5 38 %	1, 3 8 0 3 6 %	1, 5 3 8 4 0 %
T O T A L	2, 7 8 2	2, 6 9 5	2, 8 8 1	3, 1 7 6	3, 6 1 8	3, 8 4 6	4, 2 2 7	3, 9 2 7	3 7 6 3	3, 8 5 8

interim people at the end of Sept. 2021: nr. 509

total number 4,367.

	FY 20 20	IIIQ 20 21	%
du Pr ion ct o	1, 3 2 4	1, 4 3 5	8, 0 8 %
fte les Se ice & A Sa rv r	9 6 2	9 8 3	2, 0 % 7
R & D	4 7 8	6 6 4	3 9 % -4 ,
Sa les & Ma ke ing t r	6 3 7	6 5 9	2, 3 5 %
G & A	3 6 2	3 3 2	-8 8 4 % ,
I T A L Y	2, 3 8 3	2, 3 5 6	-2 % 6 4 ,
O U T S I D E I T A L Y	1, 3 8 0	1, 5 1 9	1 1, 4 5 %
T O T A L	3, 7 6 3	3, 8 7 5	2, 5 2 %

EMPLOYEES DISTRIBUTION

(without interim people)

	F Y 2 0 1 2	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	F Y 2 0 1 9	F Y 2 0 2 0	I I I Q 2 0 2 1
du Pr ion t o c f l pe le % o tot a op	1, 2 6 4 45%	1, 1 7 5 44%	1, 2 0 1 42%	1, 3 3 5 42%	1, 4 8 2 41%	1, 4 9 4 39%	1, 6 2 1 38%	1, 3 8 6 35%	1, 3 2 4 35%	1, 4 3 1 3 7 %
f le Se ice & A te rv r sa f l pe le % o tot a op	5 7 4 21%	6 1 3 22%	6 2 8 22%	6 9 0 22%	8 0 3 22%	8 9 4 23%	1, 0 0 1 24%	9 9 2 25%	9 6 2 26%	9 8 8 2 6 %
R & D % o f l pe le tot a op	3 3 8 12%	3 2 1 12%	3 6 1 13%	3 8 3 13%	4 3 6 12%	4 7 9 5% 12,	0 5 1 12%	8 2 4 12%	4 7 8 13 %	4 5 7 1 2 %
Sa les & Ma ke ing t r f l pe le % o tot a op	3 6 4 13%	3 5 1 13 %	4 3 9 15 %	4 9 5 15 %	5 8 7 16 %	6 4 1 17 %	7 1 5 17 %	6 8 5 17 %	6 3 7 17 %	6 5 2 1 7 %
G A & % o f l pe le tot a op	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 8 9 9%	3 8 2 10%	3 6 2 10 %	3 3 0 9 %
I T A L Y f al p le % o tot eop	1, 6 6 4 59%	1, 5 4 7 57%	1, 6 0 5 56%	1, 8 0 7 56%	2, 0 0 9 56%	2, 1 6 7 56%	2, 8 3 4 59%	2, 1 8 4 62%	2, 3 8 3 63 %	2, 3 2 0 6 0 %
O S U T I D E I T A L Y % o f al p le tot eop	1, 1 3 6 41%	1, 1 4 8 43%	1, 2 7 6 44%	1, 3 9 6 44%	1, 6 0 9 44%	0 1, 6 7 44%	1, 7 4 4 41%	0 9 1, 5 38%	3 8 0 1, 37 %	1, 3 8 5 4 0 % 1 1
T O T A L	2, 7 8 2	2, 6 9 5	2, 8 8 1	3, 1 7 6	3, 6 1 8	3, 8 4 6	4, 2 2 7	3, 9 2 7	3, 7 6 3	3, 8 5 8

ACQUISITION

ACQUISITION

target: Forvet Costruzione Macchine Speciali S.p.A.

special automated machines for glass acquisition terms: 100% of the quotes

transfer to be completed the next Oct. 29th

total price of the deal: Euro 41 mln (to be definited)

terms of payment: by cash (mainly within this year)

This operation, in line with Biesse Group's strategic plan, will increase the product portfolio of glass machining centres, a sector in which the Group has been present since the second half of the 1980s with Intermac brand technologies. Indeed, thanks to the introduction of Forvet S.p.A.'s proprietary technologies, the group strengthens its offer towards the high end of the market by offering highly automated, customised and unique machines and systems.

"This is a strategic acquisition that allows us to complete the range of glass machining centres with complementary industrial solutions that can be perfectly integrated with our technologies, thus offering technologically advanced customers modular lines and automated systems that can guarantee high levels of productivity and flexibility"said Roberto Selci, Biesse Group CEO.

ACQUISITION

Forvet history: Forvet S.p.A., founded in Volvera, Turin, in 1990, is a unique reference in the market for the production of automated lines that encapsulate a high level of know-how, capable of producing a complete product in a reduced space, including loading, unloading and intra-logistics operations that can be customised according to customer needs.

Forvet results: (amount in /000) Net Sales 2019: € 24,784 Net Sales 2020: € 15,635 Value of Production 2019: € 25,227 Value of Production 2020: € 17,057 EBITDA 2019: € 8,622 EBITDA 2020: € 6,198 NetFinancialPositionDecember2020:positive18,647Biesse (Intermac)

FORECAST

2021 FORECAST

"Considering the obtained results (9 months) and the situation of the backlog and order intake, this year is likely to replicate what the Group did at the end of 2019, with an higher cashflow vs the year before net of the Forvet acquisition disbursement"

this is meaning for this year:

Consolidated net sales: > 700 Euro mln.

EBITDA margin: > 11%

EBIT margin: > 5%

N.F.P.: positive and higher than the previous year one, despite Forvet acquisition disbursement

DISCLAIMER

• This presentation has been prepared independently by Biesse S.p.A. and can be used only 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
• Even if Biesse takes care that the information contained in the document have the requirements of reliability, correctness and newness, Biesse is not responsible for the content processed by third parties and content indicated in this Document. No liability is accepted by or on behalf of Biesse for any errors, omissions or inaccuracies contained in this presentation.
• 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.
• No action should be taken or omitted based on the information contained in this Document. Biesse accepts no liability for the results of any action taken on the basis of the information contained in this Document.
• By attending the presentation you agree to be bound by the foregoing terms.
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Alberto Amurri Investor Relator Manager 0039 - 0721439107 0039 - 3351219556