Biesse

Investor Presentation • Oct 11, 2022

2022 ITALIAN EXCELLENCES MID CORPORATE CONFERENCE

PARIS

AN INDUSTRIAL GROUP

Biesse Group is an international company that designs, manufactures and distributes systems and machines for processing wood, glass, stone, metal, plastic and composite materials aimed at the furniture, housing & construction, automotive and aerospace sectors.

Founded in Pesaro in 1969 by Giancarlo Selci, it has been listed in the STAR segment of the Italian Stock Exchange since 2001.

80% of its consolidated turnover is achieved abroad.

It operates in over 160 countries with 14 manufacturing sites and a direct presence in the main world markets.

Its customers include industry leading companies and some of the most prestigious names in Italian and international design.

Today it has more than 4,300 employees.

THE OFFER RANGE

MACHINES	We design, manufacture and distribute a full range of machinery and technologies for processing wood, glass, stone, metal, plastic and composite materials.
SYSTEMS	We build engineering solutions, from system design to manufacturing, implementation, installation and maintenance.
SERVICES	We provide professional after-sales services to support the efficiency and productivity of installed machinery.
MECHATRONICS	We design, manufacture and supply high-tech mechanical and electronic components for Industry 4.0 ready machines.
TOOLING	We design, manufacture and distribute a complete range of tools for working with glass, natural and synthetic stone and ceramics.

BIESSE FOR WOOD Biesse is the specialised brand

associated with the manufacture and marketing of wood processing machinery.

Since 1969, this business has designed, manufactured and marketed a complete range of technologies and solutions for the furniture, windows, doors and wood components for the building Industry.

BIESSE FOR PLASTIC & COMPOSITE MATERIALS

Biesse brand offers solutions for the processing of technological, packaging, construction and visual communication materials, including the processing of expanded and compact plastic materials, composite materials and cardboard.

INTERMAC FOR GLASS & STONE

Intermac is the brand under which the Group, since 1987, has designed, manufactured and marketed machinery for the processing of glass, stone and metal destined for flat glass and stone processing companies and for the furniture, construction and automotive industries.

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FORVET FOR THE FLAT GLASS Forvet is the Biesse Group brand that designs, Forvet S.p.A. is a unique reference in the market and

manufactures and distributes machines and special automated systems for processing flat glass.

it is nationally and internationally known for its hightechnology machines and special solutions for flat glass processing 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.

MECHATRONICS

The Group directly designs and manufactures all high-tech components for its machinery. Thanks to its mechatronics division (HSD), the Group manufactures electrospindles, 5-axis heads, bevel gearboxes and drilling units for numerical control processing centres. These are key components that help ensure that customers will benefit from high performance and a competitive advantage.

DIAMUT FOR TOOLING

Under the Diamut brand, the Tooling division manufactures and markets tools for the processing of glass, stone and ceramic. Its synergy with Intermac has enabled it to develop a range of tools, which in terms of reliability, have become a benchmark in the market.

SUPPLY CHAIN

Customer focus and satisfaction are the basis of a strategic approach that begins with sustainable supply chain management and continues through all stages of the product life cycle.

An integrated, end-to-end and flexible approach allows us to deal with unexpected events and guarantee production continuity, to offer a level of service that is increasingly responsive to customer needs over time.

MANUFACTURING SITES

The Group has 14 manufacturing sites in Italy and India with a total of over 110,000 square meters.

8 sites are ISO 9001:2015 certified.

GROUP SUPPLIERS

The Group cultivates the relationship with the territories: 89% of purchases are made with suppliers local to manufacturing sites in Italy and India.

PEOPLE

The Group recognizes its people as the essential factor in its success and ability to pursue excellence.

TRAINING CONTRACTS

69,000 hours of training provided to employees during 2020.

95% of employees have a permanent contract.

1,500 people have worked for the Biesse Group for over 10 years.

RETENTION INTERNATIONALISATION

The Group's Headquarters is in Italy, 40% of employees reside abroad.

PEOPLE

MAIN GOALS

ACHIEVED IN 2020

compared to 2019. ENVIRONMENT

CO2 emissions (Scope 2 market based)

UNI ISO 45001:2018 certified

system for HSD S.p.A.

occupational safety management

*C02 scope 2 market based

PROMOTION OF EDUCATION AND SKILL DEVELOPMENT

Woodworking Training Centre in KIET Group of Institutions,

Construction of school buildings & establishing the Computer Lab - 2019

PLANNING FOR A MORE SUSTAINABLE FUTURE

All activities are carried out in recognition of the moral and social responsibilities that we have towards our stakeholders, in the belief that the achievement of sales objectives cannot overlook our values of honesty, integrity, fair competition and correctness in dealings with all our stakeholders, including shareholders, customers, employees, suppliers and local communities.

MAIN GOALS ACHIEVED IN 2021

of CO2 avoided through the purchase of electricity from renewable sources with guarantees of origin for the Group's Italian companies (Scope 2 market-based)

of electricity purchased from renewable sources with guarantees of origin for the Group's Italian companies

UNI ISO 45001:2018 certified occupational safety management system for HSD S.p.A.

OUR CUSTOMERS' INDUSTRIES

REVENUE

BIESSE GROUP OVER THE YEARS

ZBIESSEGROUP

SALES BREAKDOWN

SALES BY QUARTERS

*before positive non recurring items

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NET FINANCIAL POSITION

€/mln

-10 28

OBDER INTAKE

(LATEST UPDATE IH 2022)

ZBIESSECROUP

GROUP ORDER INTAKE & BACKLOG

^{313 90 82 78 225} 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 order intake backlog 133 160 148.6 225 ^{197 189 180 193 204} IQ 2019 IIQ 2019 IIIQ 2019 IVQ 2019 IQ 2020 IIQ 2020 IIIQ 2020 IVQ 2020 IQ 2021 IIQ 2021 IIIQ 2021 IV 2021 IQ 2022 IIQ 2022 order intake backlog €/mln the Group order intake is: 2021 (3 months) the Group backlog is: +40.7% vs June 2021 +1.1% vs December 2021 direct incidence of Russia-Ukraine-Belarus orders is remaining <3.0%

-6.3% IH 2022 vs IH 2021

-23.6% IIQ 2022 vs IIQ

(6 months)

machines only

Production 1.393 1.294 -7,11% EMPLOYEES DISTRIBUTION

EMPLOYEES DISTRIBUTION
	FY2021	IH 2022	%
0.81 Production	1.393	1.294	-7,11%
Service & After Sales	992	1000	0.81%	China Aus/NZ
R&D	451	550	21.95%	Asia Canada
Sales & Marketing	655	604	-7.79%	U.S.A.
G&A	337	300	-10.98%	Russia UK
ITALY	2.345	2.293	-2,22%	France
OUTSIDE ITALY	1.483	1.455	-1,89%	Spain
TOTAL	3.828	3.748	-2,09%	Germany
	Including	interim people: nr. 562
		Group 4,310

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EMPLOYEES (without interim people) DISTRIBUTION

EMPLOYEES DISTRIBUTION						(without interim people)
	FY 2012	FY 2013	FY 2014	FY 2015	FY 2016	FY 2017	FY 2018	FY 2019	FY 2020	FY 2021	IH 2022
Production % of total people	1,264 45%	1,175 44%	1,201 42%	1,335 42%	1,482 41%	1,494 39%	1,621 38%	1,386 35%	1,324 35%	1,393 36%	1294 35%
Service & After sale	574	613	628	690	803	894	1,001	992	962	992	1000
% of total people	21%	22%	22%	22%	22%	23%	24%	25%	26%	26%	27%
R&D	338	321	361	383	436	479	501	482	478	451	550
% of total people	12%	12%	13%	13%	12%	12.5%	12%	12%	13%	12%	15%
Sales & Marketing	364	351	439	495	587	641	715	685	637	655	604
% of total people	13%	13%	15%	15%	16%	17%	17%	17%	17%	17%	16%
G&A	242	235	252	273	310	338	389	382	362	337	300
% of total people	9%	9%	9%	9%	8.50%	8.8%	9%	10%	10%	9%	8%
ITALY	1,646	1,547	1,605	1,78	2,009	2,176	2,483	2,418	2,383	2,345	2,293
% of total people	59%	57%	56%	56%	56%	56%	59%	62%	63%	61%	61%
OUTSIDE ITALY	1,136	1,148	1,276	1,396	1,609	1,67	1,744	1,509	1,38	1,483	1,455
% of total people	41%	43% 2,695	44%	44%	44%	44%	41%	38%	37%	39%	39%
TOTAL	2,782		2,881	3,176	3,618	3,846	4,227	3,927	3,763	3,828	3,748

0.48 0.48 0.624 30.6% 30.0% 50.0% 0 0 0 0 0 1 1 1 2018 2019 2020 2021 2022 DIVIDEND cash-out DIVIDEND ratio Record Date: May 24th Value Date: May 25th Coupon number: 16

DIVIDENDS RATIO

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The Biesse Shareholders' General Meeting (April 27th) approved a plan to buy and dispose its own shares. Duration: 18 months (from the Biesse Shareholders' Meeting approval) Amount: max 10% of the Biesse equity (nr. 2,740,259 shares), but in anycase not exceeding 15 mln of euro (max disbursement) BUYBACK PROGRAM - PROPOSAL

the authorisation to purchase and dispose of treasury shares has the following purposes:

to service any stock option incentive schemes that may be approved by the Company in the future;

• set up a share warehouse to transfer, dispose of and/or use treasury shares, in line with the strategic guidelines that the Company intends to pursue, as part of extraordinary transactions, including, by way of example but not limited to, swaps, exchanges, contributions or to service capital transactions or other corporate and/or financial transactions and/or other transactions of an extraordinary nature such as, by way of example but not limited to, acquisitions, mergers, spin-offs, convertible bond issues, bonds, warrants, etc.; medium- and long-term investments or, in any case, those made to take advantage of realisation opportunities that
• may arise from market trends.

GROUP BUSINESS PLAN 2021-2023

STRATEGY EXTRACT - 3Y BUSINESS PLAN

ZBIESSECROUP

In the next 3 years, Biesse's strategy will be focusing on four main directives. STRATEGY 2021-2023

• HSD & Lighthouse plant

• Sophia & Industrial IoT

• Integrated Global Supply Chain

• Corporate Social Responsibility Journey
  • Inspire people
  • Finance Evolution

Enhance digital manufacturing Enable future development

• One Company model fully operational
• Explore additional growth opportunities

Business Plan

ONE COMPANY MODEL FULLY OPERATIONAL

In 2020 and 2021 the Group carried on an organization redesign project: the One Company project.

The project main objectives are:

• Make the Group more flexible and reactive, capable of responding promptly to external stress conditions
• Simplify internal processes to speed up business decisions
• Place the Customer needs more and decisions.

In the plan period the new model will become fully operational, fostering the growth path from the 2022.

PRESS RELEASE

……The results achieved in the first half are confirming our solid and strong positioning within the objectives and targets of the Three-Year Plan approved last year.

On the sidelines of today's Board of Directors meeting, Group CFO Pierre La Tour commented: "The results approved today depict an undoubtedly positive situation, but it's necessary to maintain a cautious attitude for the immediate future. In the recent months there has been a slowdown in demand as a result of the conflict in Ukraine, persistent pandemic conditions extreme volatility in the financial markets and the evident persistence of unfavourable conditions on raw materials and logistic, which are obvious distorting factors that will inevitably affect our results. We are suffering from the negative repercussions of the sanctions applied to the countries involved in the conflict in Eastern Europe; economic sanctions -as such – also have negative repercussions on the way we do business and therefore on our short-term prospects.

Internally, the One Company project continues, with renewed determination, which is focused on the following directives: the simplification of business processes, the increasingly important structuring of markets, and the digitalisation of the Group.

From a financial point of view, we continue to have a very positive situation, which will be able to support growth both internally and externally. We will not give up investment in research and development, just as we will continue to expand and strengthen our international presence. The implementation of new technical solutions and the increasing connectivity of our products are an irreversible process and part of our DNA. We focus our attention on the concepts of sustainability and social responsibility, elements that generate concrete value and vehicles for improving our performance." ……..

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. 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-
• 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.
• on any type of media, reproduce, copy, publish and use them for any purpose without prior written permission.

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