Cembre — Investor Presentation 2025

Mar 21, 2025

Investor presentation Results of the year 2024

CONTENTS

CEMBRE | Investor relations 2

CEMBRE at a glance Group structure Main product lines & applications Results of the year 2024 Stock data & shareholding structure

Contact

CEMBRE AT A GLANCE

• CEMBRE is Europe's leading manufacturer of electrical crimp type
• connectors and related installation tools. The Group has grown its revenues by a CAGR of 6.5% in the last 20 years (2004-2024), from 65.1 M€ in 2004 to 229.7 M€ in 2024. In the last 5 years the Group has grown by a CAGR of 10.9% (2020-2024).
• It is a dividend payer with a 20 years average dividend payout ratio of 51.9%, and an average dividend yield of 3.8% (2005-2024). The average dividend yield in the last 5 years has been of 4.4% (2020-2024). In 2024, the Group invested 29.5 M€; the total amount of investments made by the company in the last five years (2020-2024) is 73.3 M€; at December 31, 2023 investments amounted to 14.6 M€.
• The product mix (a total of around 18K end products sold during 2024) is offered to around 5K single clients around the world, with 10-biggest clients' purchases corresponding to approximately 23.2% of the consolidated turnover.

CEMBRE cooperates with the users of its products to search the best technical and economical solutions related to electrical connection applications 2021/02 CEMBRE | Investor relations ⁴

GROUP STRUCTURE

The Group employs 917 employees worldwide (at December 31, 2024)

HUMAN RESOURCES (Number of employees by segment, at December 31, 2024)

R&D •26 Manufacturing & logistics •534

Sales & Marketing •254

Administration & services •103

CEMBRE has extensive knowhow in its operating field and its strong R&D team allows it to respond quickly to market demands. Sharp focus on customer needs and the efficient international

sales network (150 salesmen) are significant competitive advantages for CEMBRE.

CEMBRE is Europe's leading manufacturer of electrical crimp type connectors and related installation tools

APPLICATIONS: RAILWAY

18,162 different products sold in one year*

4.8 Millions electrical connectors sold by CEMBRE Group on average each working day*

21,893 different products ready for immediate delivery*

NUMBERS

*12/2024

CEMBRE | Investor relations 10

MADE IN BRESCIA

its state-of-art production

m2 land. local market.

VERY STRONG IN EUROPE

assistance.

Main importers

Group companies

… PRESENT ALL OVER THE WORD

CEMBRE has a network of importers and agents who provide technical and commercial assistance and rapid delivery worldwide

REVENUES BREAKDOWN before commercial rebates by product family (€'000)

Electrical connectors	Tools Railway Products	Marking Cable Systems Glands	Others	Electrical connectors	Tools	Railway Products	Marking Systems	Cable Glands	Others
	Electr. connectors	Tools	Railway products	Marking systems	Cable glands		Others		Total
	108,437	32,704	29,355	49,149	18,307		8,232		246,184
2024	44.05%	13.28%	11.92%	19.96%	7.44%		3.34%		100%
	104,001	32,178	29,329	46,881	18,134		8,497		239,020
2023	43.51%	13.46%	12.27%	19.61%	7.59%		3.56%		100%
Change	4.27%	1.63%	0.09%	4.84%	0.95%		(3.12%)		3.00%
2024/12				CEMBRE Investor relations					15

GEOGRAPHICAL REVENUES BREAKDOWN

			GEOGRAPHICAL REVENUES BREAKDOWN
			Italy	2024	2023	Change %
		Sales		96.7 mln	2.3%
			% on total		43.4%
Europe (Italy excluded)	2024	2023	Change %
Sales	108.6 mln	102.3 mln	6.2%
% on total	47.3%	46.0%
		Rest of the World	2024	2023	Change %
		Sales	22.2 mln	23.6 mln	(5.7%)

CONSOLIDATED RESULTS OF THE YEAR 2024

			CONSOLIDATED RESULTS OF THE YEAR 2024
€ Millions	2024	2023	Change %	2022
Sales	229.7	222.6	3.2%	198.8
EBITDA	66.2	66.6	(0.6%)	54.6
% of sales	28.8%	29.9%		27.5%
EBIT	52.8	54.0	(2.1%)	42.6
% of sales	23.0%	24.2%		21.4%
EBT	52.7	53.8	(2.0%)	42.6
% of sales	23.0%	24.2%		21.4%
Net profit	42.6	40.8	4.3%	31.9
% of sales	18.5%	18.3%		16.1%
Tax rate %	19.2% **	24.2% *		25.1%

GROUP'S COMPANIES TURNOVER* OF THE YEAR 2024

			GROUP'S COMPANIES TURNOVER* OF THE YEAR 2024
Company (Euro thousands)	2024	2023	Change %	2022
CEMBRE S.p.A. (Italy)	123,031	121,141	1.6%	109,318
CEMBRE Ltd, (UK)	31,186	27,247	14.5%	25,293
CEMBRE S.a.r.l. (France)	15,303	14,223	7.6%	12,124
CEMBRE España S.L.U. (Spain)	23,079	20,539	12.4%	16,988
CEMBRE GmbH (Germany)	22,510	24,437	(7.9%)	21,935
CEMBRE Inc. (USA)	14,604	14,964	(2.4%)	13,138
CEMBRE BV. (Netherlands) **	-	-	n.a.	n.a.
CEMBRE EL.CON.LIM. (China) **	-	-	n.a.	n.a.
CEMBRE Group	229.713	222,551	3.2%	198.796
* net of intragroup sales ** operating company in 2025

DECEMBER 31, 2024 CONSOLIDATED BALANCE SHEET

	DECEMBER 31, 2024 CONSOLIDATED BALANCE SHEET
	€ Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
a	Net operating working capital	92.9	83.3	74.6
	% of sales	40.5%	37.4%	37.5%
b	Net fixed assets	127.2	106.8	101.5
c	Assets available for sales	-	-	-
d	Employees' severance indemnities	1.6	1.8	1.7
e	Provisions for risks and charges	0.4	0.7	0.6
f	Deferred taxes	(0.4)	(0.1)	(0.3)
	Net invested capital (a+b+c-d-e+f)	217.8	187.5	173.5
g	Equity	219.7	205.7	188.1
h	Net financial position	(2.0)	(18.2)	(14.6)
	Total sources (g+h)	217.8	187.5	173.5

REVENUES EVOLUTION

CEMBRE'S REVENUES AND PROFITABILITY TREND (€ '000)

Ebitda (valore e margine % sulle vendite)

CEMBRE'S REVENUES AND PROFITABILITY TREND (€ '000)

Ebit (valore e margine % sulle vendite)

CEMBRE'S REVENUES AND PROFITABILITY TREND (€ '000)

INDEX ANALYSIS

ROE (Net profit/Equity) ROS (EBIT/Net Sales)

INVESTMENTS TREND

€ '000								2008 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2022 2024
Investments in tangible assets								4,064 4,815 3,863 16,183 12,591 6,802 8,759 16,534 7,064 11,732 17,775 10,609 7,181 8,078 1,78
Investments in intengible asses 544 82 48 59 573 47 68 1.057 793 919 750 1,07 341
Total investments								4,608 4,97 4,032 1,600 13,188 7,135 7,633 12,833 12,833 12,284 4,569 12,284 4,569 9,519

2024 AND ONWARDS

CEMBRE focused on these targets:

• Business development thanks to: ^A strengthening of CEMBRE competitive advantage by developing new products and continuous product range renewing by an intense R&D activity Improvement of the distributor channel in foreign countries An higher penetration in the foreign markets, especially in the US and A commercial commitment focus on high growing potential products Cost management by a better operative efficiency obtained from economies of scale and process innovations; Enforcing the manufacturing structure by investing in high-tech, highlyautomated machinery.
  -

  - Germany

2024 AND ONWARDS

The automated warehouse, located in a 4,800 m2 industrial building built in 2012, has been operating from January, 2013.

2024 AND ONWARDS

Connectors" at the Cembre SpA headquarters Future facilities for the production of electrical connectors

Automated warehouse

contributions for a maximum of €4.9 million.

In January 2023, the project to expand the

was approved for a maximum investment of €42 million, which provides for non-repayable

production capacity of "Electrical

2024 E OLTRE

In 2023, work began on the construction of two new industrial buildings for a total of 15,000 m² .

STOCK DATA & SHAREHOLDING STRUCTURE

Cembre FTSE Italia Star data updated at March 17, 2025

Cembre has been listed since December 1997, and is a part of the Star Index since September 2001. Shareholders Share

STOCK DATA & SHAREHOLDING STRUCTURE 2001.
Shareholders	Share
LYSNE Spa	51.57%
Sara Rosani	8.65%
Giovanni Rosani	8.53%
Anna Maria Onofri	0.70%
Others	30.55%

												2001.
	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Dividend per share (€)	0.10	0.15	0.22	0.26	0.16	0.12	0.26	0.16	0.16	0.26	0.36	0.46	0.70	0.80	0.90	0.90	0.90	1.20	1.40	1.80	1.883
Payout Ratio1	41%	39%	40%	37%	25%	30%	39%	24%	24%	42%	45%	49%	70%	59%	66%	69%	79%	79%	74%	74%	74%
Dividend Yield2	3.3%	3.2%	3.6%	4.2%	4.8%	2.6%	4.2%	2.9%	2.5%	2.9%	3.5%	3.3%	5.0%	3.7%	4.4%	4.8%3	4.8%	3.5%	4.5%	4.8%	4.5%
1 Using consolidated	profit			2	Using the year-end share price					3	Dividend	proposed						by Board of Directors on March 13, 2025

SHARE PRICE EVOLUTION

24 20 16 12 8 4 0													Performance** 2004-2024 +14.1% CAGR
Change in share price	41.1%	11.6%	58.9%	28.8%	2.1%	-47.2%	41.2%	34.1%	-12.8%	16.3%	41.8%	13.6%	36.1%	0.0%	55.4%	-6.3%	18.5%	-21.5%	81.4%	-10.2%	21.2%	12.0%
Received dividend	0.08	0.07	0.10	0.15	0.22	0.26	0.16	0.12	0.26	0.16	0.16	0.26	0.36	0.46	0.70	0.80	0.90	0.90	0.90	1.20	1.40	1.80
B) Accrued received dividends	0.18	0.25	0.35	0.50	0.72	0.98	1.14	1.26	1.52	1.68	1.84	2.10	2.46	2.92	3.62	4.42	5.32	6.22	7.12	8.32	9.72	11.52
Share return (A+B)	2.86	3.24	5.10	6.62	6.97	4.28	5.80	7.51	6.97	8.02	10.83	12.31	16.36	16.82	25.22	24.67	29.32	25.07	41.32	39.02	46.92	53.20
Price quota	93.7%	92.3%	93.1%	92.4%	89.7%	77.1%	80.3%	83.2%	78.2%	79.1%	83.0%	82.9%	85.0%	82.6%	85.6%	82.1%	81.9%	75.2%	82.8%	78.7%	79.3%	78.4%
Dividend quota	6.3%	7.7%	6.9%	7.6%	10.3%	22.9%	19.7%	16.8%	21.8%	20.9%	17.0%	17.1%	15.0%	17.4%	14.4%	17.9%	18.1%	24.8%	17.2%	21.3%	20.8%	21.7%
2024/12										CEMBRE Investor relations					¹ at		the end of the year				31

Via Serenissima 9 • 25135 Brescia (BS) ITALY The manager responsible for preparing the Company's financial reports, Claudio Bornati, declares, pursuant to paragraph 2 of Article 154 bis of the Consolidated Law on Finance, that the accounting information contained in this presentation corresponds to the document results, books and accounting records.

Claudio Bornati

CFO & IR

ph. +39 030 36921 claudio.bornati@cembre.com cembre.com