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Biesse Investor Presentation 2021

Mar 16, 2021

4501_rns_2021-03-16_c19afe25-7690-45ae-a357-b9aed31b020d.pdf

Investor Presentation

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FINANCIAL PRESENTATION

J.P. MORGAN CAZENOVE PAN EUROPEAN SMALL- MID CAP CEO CONFERENCE

16 MARCH 2021

ONE INDUSTRIAL GROUP

WoodGlass-stoneMechatronicTooling

MAIN BUSINESS DIVISIONS

4

We manufacture technology for processing wood, glass, stone, advanced materials and metal throughspecialised business unitsand 12 manufacturing sites in Italy and worldwide. We operate worldwide with our own key brands: Biesse, Intermac, Diamut, HSD.

ALL OVERTHE WORLD

We support our colleagues all over the world, using the most advanced management, sales and support systems. Our global network enables us to be always close to our customers.

SUBSIDIARIES AND REPRESENTATIVE OFFICES

39

+300

SELECTED DISTRIBUTORS

SUPPORTING OUR CUSTOMERS

Customers in more than 120 countries: manufacturers of furniture, design items and door/window frames, producers of elements for the building, nautical and aerospace industries. CUSTOMERS IN

120

COUNTRIES

WITHOURPEOPLE

We acknowledge that people are essential to our development, because the ability to innovate and pursue excellence in the realisation of products isthe consequence of the passion and dedication of all those that are part of the Biesse family.

EMPLOYEES* 4,000* temporary workers included

KOREX PRESS RELEASE

Pesaro, 28 January 2021 – The Biesse Group has reached an agreement for the total sale of the company Dongguan Korex Machinery Co. LTDwith registered office in Dongguan (Guangdong province-China). The value of this transaction is estimated at CNY 183.5 million (HK\$212.5 million - €22.5 million) and, if all contractual provisions are met, the deal is expected to be completed bymid-March 2021.

Also the entire financial settlement of the operation is expected to be effected within the next month of March, through the contribution of the bank J.P. Morgan of Hong Kong.

As already pre-announced on 20 December 2019, in addition to the possible production synergies that will also involve the Group's company inIndia, this operation will lead to a reduction in operating costs that had contributed to accumulating losses of €32 million at Korex.

The expected impact on the Group's consolidated financial statements is a capital gain of around €17 million.

The above does not change the conviction that China can remain the main country for the demand of furniture and, more generally, of capital goods, with an expected growth rate higher than the current worldaverage;

the Biesse Group intends to maintain and strengthen its presence in the entire Far East area through its branch offices already in the region, dedicating a particular commitment to the chinese branch (Biesse Trading Shanghai). In the post-sale deal, the Italian and Indian production companies will be therefore more involved in order to satisfy the needs of the chinese market, towards which the Biesse Group - with all itsbusiness divisions- remains firmly oriented.

SALES BREAKDOWN

FY 2020RESULTS(E)

2
0
2
0
S
S
F
Y
R
E
U
L
T
S
U
M
M
A
R
Y
-
(
)
in
€ m
ln		 2
0
2
0
F
Y		 2
0
9
F
Y
1		 d
l
t
e
a
l
d
d
C
i
N
R
t
t
o
n
s
o
a
e
e
e
v
e
n
u
e
s		 8
8
5
7		 0
9
7
5		 1
8
%
-
E
B
I
T
D
A		 0
5
6		 7
6
7		 2
7
%
-
E
B
I
T
*		 2
1
4		 3
9
6		 6
%
4
-
f
i
N
P
t
t
e
r
o		 2
5		 3
0
1		 8
%
1
-
l
N
F
i
i
P
i
i
t
t
e
n
a
n
c
a
o
s
o
n
(
)
f
f
i
h
S
1
6
I
F
R
t
t
t
w
o
u
e
e
c
s		 7
2
7
i
i
t
p
o
s
v
e		 8
0
i
i
t
p
o
s
v
e		 6
4
7
+

*before non recurring items

EXTRACTOF THE P&L

ln
€/m		 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
V
Q
2
0
1
9		 I
V
Q
2
0
2
0
les
Ne
t s
a
1
ea
r -
y		 2
4
7
1
2.
9
%
+		 1
9
5
2
1.
5
%
+		 6
1
9
1
9.
1
%
+		 6
9
0
1
1.
6
%
+		 1
7
4
7.
4
%
+		 0
9
7
5.
-4
8
%		 8.
8
5
7
8
%
1
-		 9
1
4.
7		 1
8
2.
4
-6
4
%
f g
ds
l
d
Co
t
s
o
oo
so		 1
7
1
4
0.
1
%		 2
0
6
3
9.
7
%		 2
4
5
3
9.
6
%		 2
7
0
3
9.
1
%		 2
9
5
3
9.
9
%		 2
8
6
4
0.
6
%		 2
4
5
4
2.
4
%		 8
8.
3
4
5.
3
%		 8
0.
9
4
4.
4
%
bo
&
Ov
he
d c
La
t
ur
er
a
os		 9 5
2
1
1.
3
%		 3 4
2
5
8.
7
%		 1 4
3
0
8.
7
%		 5 4
3
3
8.
6
%		 9 4
3
5
8.
5
%		 0 4
3
5
9.
6
%		 2
8
3,
3
%
4
8.
9		 8
9.
1
8
%
4
5.		 8
2.
7
3
%
4
5.
E
B
I
T
D
A
%		 4
1
9.
6
%		 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		 9.
1
6
1
0.
1
%		 8.
1
5
1
0.
1
%
E
B
I
T
*
%		 2
6
6.
2
%		 4
4
8.
%
4		 5
5
8.
9
%		 6
7
9.
%
7		 6
8
9.
1
%		 3
9.
6
6
%
5.		 1
4
2
2
5
%		 1
0.
2
5.
2
%		 0
4.
2.
2
%

*before non recurring items

SALES & EBITDA MARGIN

12

-56.2 -23.9 -11.3 0.14.930.425.48.072.7-60-40-200204060802012 2013 2014 2015 2016 2017 2018 2019 2020 -18.6 €/mlnNET DEBT-16.7-33.8-42.6 -18.6 -24.7 -22.6 -3.2 49.5 March 2019 June 2019 Sept. 2019 Dec. 2019 March 2020 June 2020 Sept. 2020 Dec. 2020IFRS 16 effects at the end of 2020= € 23.2 mln debts 49.5Net Financial Position without IFRS 16 effectsNet Financial Position withIFRS 16 effects

CAPEX

14

RECEIVABLES-PAYABLESINVENTORIES

ORDERS INTAKEBACKLOG

GROUP ORDERSINTAKE& BACKLOG

2020 Group orders Intake -11.9% (vs 2019) IH 2020 -35,5%IVQ 2020 +23,2%

2020 backlog +3,8% (vs backlog December 2019)

machines only

STAFF

DISTRIBUTION

EMPLOYEES DISTRIBUTION

20
12
FY		 20
13
FY		 20
FY
14		 20
FY
15		 20
FY
16		 20
FY
17		 20
18
FY		 20
19
FY		 20
20
FY
I
T
A
L
Y
%
f
l
tot
o
a
le
p
eo
p		 1,
6
4
6
5
9
%		 1,
5
4
7
5
7
%		 1,
6
0
5
5
6
%		 1,
7
8
0
5
6
%		 2,
0
0
9
7
0
%		 2,
1
7
6
5
7
%		 2,
4
8
3
5
9
%		 2,
4
1
8
6
2
%		 2,
3
8
3
6
3
%
O
U
T
S
I
D
E
I
T
A
L
Y
f
l
%
tot
o
a
le
p
eo
p		 3
1,
1
6
4
1
%		 8
1,
1
4
4
3
%		 2
1,
7
6
4
4
%		 3
9
1,
6
4
4
%		 0
9
1,
6
4
4
%		 1,
6
7
0
4
3
%		 1,
7
4
4
4
1
%		 1,
5
0
9
3
8
%		 1,
3
8
0
3
6
%
O
T
T
A
L		 2,
8
2
7		 2,
6
9
5		 2,
8
8
1		 3,
1
6
7		 3,
6
1
8		 3,
8
6
4		 2
2
4,
7		 3,
9
2
7		 3
6
3
7

interim people at the end of December 2020: 261

total 4,024

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

EMPLOYEESDISTRIBUTION

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

FINANCIALSUPPORT

FINANCIAL SUPPORT

Group update February 2021

SHAREHOLDERS

B.O.D.

€/MILSHAREHOLDERS BREAKDOWN BY OWNERSHIP&B.O.D.

Allianz Global Investors Gmbh

Biesse B.o.D.:

  • Giancarlo Selci (Founder - President)
  • Roberto Selci (C.E.O.)
  • Massimo Potenza (co C.E.O.)
  • Stefano Porcellini
  • Alessandra Parpajola
  • Giovanni Chiura (indipendent)
  • Federica Palazzi (indipendent)
  • Elisabetta Righini (indipendent)

5.02%

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.
  • The User is not granted any license or right of use and therefore is not allowed to record such content in whole or in part- on any type of media, reproduce, copy, publish and use them for any purpose without prior written permission.

Alberto Amurri

Investor Relator Manager

Via Della Meccanica 16 – 61122 Chiusa di Ginestreto (PU) - Italy

direct 0039 0721439107 mobile 0039 3351219556

alberto.amurribiesse.com

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