Biesse — Investor Presentation 2023

Jul 28, 2023

Biesse Renovation is an extraordinary journey

Conference Phone Call

28 July 2023

1H 2023 Results

Agenda

1.0 FINANCIAL HIGHLIGHTS 2.0 SEGMENT REPORTING 3.0 DIVIDENDS

4.0 STAFF DISTRIBUTION

SHAREHOLDER DISTRIBUTION

Biesse Group

FINANCIAL HIGHLIGHTS

A solid path in revenues continues

Financial Highlights: 2019- 1H 2023

• In 1H 2023 we maintained our performance in Revenues compared to 1H 2022 (-0.9 €/mln vs 1H 2022).
• In 2021 and 2022 we outperformed Order Intake vs prior years. In 1H 2023 we recorded a decrease, as foreseen in our budget.
• In 1H 2023 we maintained a good EBITDA performance, substantially offsetting inflationary pressures.
• From 2019 to 2022 we improved our cash generation performance, which increased by more than 135 €/mln after dividends payment. 1H 2023 maintained the Net Financial Position in line with 1H 2022.

Highlights – Profit & Loss

Amounts in €m	1H 2023	1H 2022	DEC 2022	DEC 2021	DEC 2020
Revenues	418,2	419,1	822,4	742,2	578,8
Var % vs previous period	-0,2%		10,8%	28,2%	-18,0%
EBITDA adjusted	47,0	53,7	90,6	79,7	56,0
% on Net Sales	11,2%	12,8%	11,0%	10,7%	9,7%
EBIT adjusted	28,4	33,3	47,6	34,1	7,0
% on Net Sales	6,8%	7,9%	5,9%	4,6%	1,2%
EBIT	30,3	33,3	50,8	45,7	6,2
% on Net Sales	7,3%	7,9%	6,2%	6,2%	1,1%
Net result	19,5	19,4	30,3	34,2	2,5
% on Net Sales	4,7%	4,6%	3,7%	4,6%	0,4%

Balance Sheet

Amounts in €m	1H 2023	1H 2022	DEC 2022	DEC 2021	DEC 2020	DEC 2019
Fixed Assets	204,5	216,5	210,5	219,6	201,8	225,6
Inventory	207,8	227,1	215,6	179,4	129,8	155,5
Trade receivables	129,1	148,9	112,5	126,0	102,9	117,0
Trade payables	(174,4)	(205,7)	(182,0)	(186,7)	(132,8)	(132,7)
Advance payments	(114,4)	(141,8)	(138,2)	(127,1)	(72,2)	(67,5)
Net Working Capital	48,1	28,5	7,9	(8,4)	27,7	72,3
Other activities/liabilities (Net)	(74,3)	(76,3)	(74,2)	(86,6)	(64,2)	(60,6)
Net Capital Employed	178,3	168,7	144,1	124,6	165,3	237,3
Equity	270,2	253,7	260,8	249,2	214,8	218,7
Net Financial Position	(91,9)	(85,0)	(116,6)	(124,6)	(49,5)	18,6
Total Sources of Funding	178,3	168,7	144,1	124,6	165,3	237,3

Net Financial Position Trend

From 2020 to 1H 2023

Cash Flow Bridge

SEGMENT REPORTING

Markets

% on Total 2022

Revenues by Geographical Area 2019 – 1H 2023 (€/mln – Incidence on Total)

• Slight revenues decrease in Western Europe and consistent growth in Eastern Europe, with limited impact of Russia/Ukraine conflict
• North America maintains a stable performance vs. 1H 2022
• Asia & Oceania partially impacted by China's economic slowdown.

Incidence of After-sale and Parts on Revenues in 2023

In €m	2019		2020		2021		2022		1H 2023		1H 2022	1H 2023	1H 2023 vs 1H 2022
	Value	%	Value	%	Value	%	Value	%	Value	%	Value	Value	%
Western Europe	333,0	47,2%	288,8	49,9%	381,9	51,5%	431,1	52,4%	216,9	51,9%	224,9	216,9	-3,5%
Asia & Oceania	105,9	15,0%	69,3	12,0%	95,9	12,9%	100,3	12,2%	46,8	11,2%	49,1	46,8	-4,6%
Eastern Europe	89,2	12,6%	94,4	16,3%	119,9	16,1%	113,1	13,8%	73,5	17,6%	60,4	73,5	21,7%
North America	150,6	21,3%	109,1	18,8%	122,4	16,5%	157,3	19,1%	72,2	17,2%	72,0	72,2	0,2%
Rest of the World	27,1	3,8%	17,3	3,0%	22,1	3,0%	20,6	2,5%	8,8	2,1%	12,7	8,8	-30,6%
Total	705, 9	100%	578, 8	100%	742, 2	100%	822, 4	100%	418, 2	100%	419, 1	418, 2	-0,2%

DIVIDENDS

STAFF DISTRIBUTION

Employee distribution (excluding temporary workers)

Headcount	H1 2023	%	H1 2022	%	∆	∆ %
Italy	2.422	59%	2.575	60%	-153	-6%
Row	1.650	41%	1.735	40%	-85	-5%
Total	4.072		4.310		(238)	-5,5%

Headcount	JUN 2023	MAR 2023	DEC 2022	SEP 2022	JUN 2022
Italy	2.422	2.449	2.494	2.538	2.575
Row	1.650	1.671	1.670	1.694	1.735
Total	4.072	4.120	4.164	4.232	4.310

SHAREHOLDER DISTRIBUTION

Shareholder Distribution

Biesse Board of Directors

• Giancarlo Selci (Founder President)
• Roberto Selci (C.E.O.)
• Massimo Potenza (Co-C.E.O.)
• Alessandra Baronciani
• Rossella Schiavini
• Federica Ricceri
• Ferruccio Borsani

Source: Reuters

Biesse - Renovation is an extraordinary journey 19

Disclaimer

• z 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 statements reqarding future financial performances and Company's expectations
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• z 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 expections about the future events. By their nature they are subject to inherent risks and uncertainties.
• 7 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.
• 7 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.
• 7 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.
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