Biesse

Investor Presentation • May 11, 2023

Biesse Renovation is an extraordinary journey

Conference Phone Call

11 May 2023

Q1 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 growth path continues

Financial Highlights: 2019- Q1 2023

• In Q1 2023 we achieved our record quarterly performance in revenues (+12.9 €/mln vs Q1 2022).
• In 2021 and 2022 we outperformed Order Intake vs prior years. In Q1 2023 we recorded a decrease as foreseen in our budget.
• In Q1 2023 we confirmed our best EBITDA performance (improving profitability quality) achieved in 2022.
• From 2019 to 2022 we improved our cash generation performance, which increased by more than 135 €/mln after dividends payment. Q1 2023 maintained the net financial position at the same level of end 2022.

Highlights – Profit & Loss

Highlights – Amounts in €m	Profit & Loss Q 1	Q 1	DEC	DEC	DEC
Revenues	2023 209,5	2022 196,6	2022 822,4	2021 742,2	2020 578,8
Var % vs previous period	6,6%		10,8%	28,2%	-18,0%
EBITDA adjusted	28,0	26,1	90,6	79,7	56,0
% on Net Sales	13,3%	13,3%	11,0%	10,7%	9,7%
EBIT adjusted	16,5	15,1	47,6	34,1	7,0
% on Net Sales	7,9%	7,7%	5,9%	4,6%	1,2%
EBIT	18,4	15,1	50,8	45,7	6,2
% on Net Sales	8,8%	7,7%	6,2%	6,2%	1,1%
Net result	12,3	9,8	30,3	34,2	2,5
% on Net Sales	5,9%	5,0%	3,7%	4,6%	0,4%

Balance Sheet

Amounts in €m	MAR 2023	DEC 2022	DEC 2021	DEC 2020	DEC 2019
Fixed Assets	206,0	210,5	219,6	201,8	225,6
Inventory	218,1	215,6	179,4	129,8	155,5
Trade receivables	118,7	112,5	126,0	102,9	117,0
Trade payables	(178,4)	(182,0)	(186,7)	(132,8)	(132,7)
Advance payments	(122,4)	(138,2)	(127,1)	(72,2)	(67,5)
Net Working Capital	36,0	7,9	(8,4)	27,7	72,3
Other activities/liabilities (Net)	(77,4)	(74,2)	(86,6)	(64,2)	(60,6)
Net Capital Employed	164,6	144,1	124,6	165,3	237,3
Equity	271,8	260,8	249,2	214,8	218,7
Net Financial Position	(107,3)	(116,6)	(124,6)	(49,5)	18,6
Total Sources of Funding	164,6	144,1	124,6	165,3	237,3

Net Financial Position Trend

From 2020 to Q1 2023

Cash Flow Bridge

SEGMENT REPORTING

Markets

% on Total 2022

Revenues by Geographical Area 2019 – Q1 2023 (€/mln – Incidence on Total)

• Consistent revenues increase in Western Europe continuing growth path after Covid-19 recovery
• Limited impact of Russia/Ukraine conflict on Revenues in the Eastern Europe Area
• Asia & Oceania partially impacted by lockdown in China

Incidence of After-sale and Parts on Revenues in 2022

In €m	2019		2020		2021		2022		Q1 2023		Q1 2022	Q1 2023	Q1 2023 vs Q1 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%	116,7	55,7%	102,4	116,7	14,0%
Asia & Oceania	105,9	15,0%	69,3	12,0%	95,9	12,9%	100,3	12,2%	23,8	11,4%	24,7	23,8	-3,8%
Eastern Europe	89,2	12,6%	94,4	16,3%	119,9	16,1%	113,1	13,8%	27,3	13,1%	27,3	27,3	0,2%
North America	150,6	21,3%	109,1	18,8%	122,4	16,5%	157,3	19,1%	36,8	17,6%	36,0	36,8	2,3%
Rest of the World	27,1	3,8%	17,3	3,0%	22,1	3,0%	20,6	2,5%	4,8	2,3%	6,2	4,8	-21,6%
Total	705, 9	100%	578, 8	100%	742, 2	100%	822, 4	100%	209, 5	100%	196, 6	209, 5	6,6%

DIVIDENDS

STAFF DISTRIBUTION

Employee distribution (excluding temporary workers)

Headcount	Q1 2023	%	Q1 2022	%	∆	∆ %
Italy	2.449	59%	2.586	60%	-137	-5%
Row	1.671	41%	1.751	40%	-80	-5%
Total	4.120		4.337		(217)	-5,0%

Headcount	MAR 2023	DEC 2022	SEP 2022	GIU 2022	MAR 2022
Italy	2.449	2.494	2.538	2.575	2.586
Row	1.671	1.670	1.694	1.735	1.751
Total	4.120	4.164	4.232	4.310	4.337

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

Shareholders distribution

Disclaimer

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