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El.En. Investor Presentation 2020

Oct 9, 2020

4393_cp_2020-10-09_b7790236-81a2-489b-be77-76640bb3bb5b.pdf

Investor Presentation

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Berenberg Pan-European Discovery Conference USA 2020, Oct. 14th

DISCLAIMER

Certain statements in this slide show, including those addressing the Company's beliefs, plans, objectives, estimates or expectations of possible future results or events, are forward-looking statements. Forward-lookingstatements involve known or unknown risks, including general economic and business conditions, and conditions in the industry we operate and may be affected should our assumptions turn out to be inaccurate. Consequently, no forward-looking statement can be guaranteed and actual future results, performance, or achievements may vary materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation about the contents nor to update the forward-looking statements to reflect events or circumstances that may arise after the date hereof.

AGENDA

  • 1.Overview
  • 2.Markets and Growth drivers
  • 3.Innovation: products & applications
  • 4.Financial Highlights
  • 5.Current Outlook
  • 6.Multiples & Comparables

Overview

A Primary Player Providing Medical, Industrial and Conservation Laser Solutions Worldwide

Hi-Tech company

Hi-Tech industrial group providing laser solutions with proprietary technologies and know how developed over 35 years

Listed on Milan's Stock Exchange Star segment since year 2000

Global Group

More than 20 companies active worldwide on several laser application segments and markets

Among the Worldwide leaders with a global distribution network

Progressively widening its worldwide presence achieving continuous growth over the years More than 50,000 laser sources sold and 5% of revenue invested in R&DMore than 125 patents

More than 115 R&D specialists

Long term market trends

Aesthetics:

  • Aging population
  • Growing global obesity rate
  • Increasing desire of individuals to improve their appearance
  • Lower procedure cost, attracting a broader consumer base

Minimally invasive surgeries:

  • Painless procedures
  • Reduced side effects and risks
  • Hospitalization days reduction
  • Savings by Private & National Health Systems
  • Attractive ROI for surgical services providers

Long term market trends

Laser cutting applications:

  • Laser power increase + Cost reduction: Enhanced flexibility, productivity and quality standards in manufacturing processes
  • New application verticals
  • Building and construction
  • Minimal environmental impact

Laser marking:

  • Products identification and traceability
  • Minimal environmental impact

Medical Aesthetics: Market Overview (pre-Covid)

Source: Daniel Associates

Key growth drivers:

  • Aging population
  • Desire to achieve and maintain youthful appearance
  • Increase in healthcare spending

Requirements for fast and minimally invasive surgical procedures

Daniel Associates:

Medical aesthetics market 2018 to 202310.23% CAGR

Medical Aesthetics: Market Overview

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Industrial laser market

Laser systems increasingly adopted in high quality manufacturing for uniqueness, flexibility, environment friendliness, productivity

  • •Sheet metal cutting: technology breakthroughs leading to strong demand expansion
  • •Laser marking for identification: traceability as a quality standard

MARKET STUDIES:

ResearchAndMarkets'sanalysts forecast :

"The global industrial lasers systems market size was valued at \$20,120.2 million in 2018, and is projected to reach \$36,510.6 million by 2026, growing at a CAGR of 7.5% from 2019 to 2026"

Complete product portfolio for body contouring, cellulite treatments, skin firming

New ONDA (microwaves)

Unique high end system for cellulite, localized adiposities, fat removal, submental treatments

Physiq, Delinea, B-Star

A family of unique combinations of superluminescent matrices with Tents and EMS

Schwarzy , B-Strong High intensity magnetic fields for muscles stimulationNew Icoone Laser Micro alveolar stimulationRED TOUCHUnique system for neocollagenesis and tiussue regeneration17

Tattoo and Toning

Discovery Pico DermDesigned for asian skins

PicoStarThe most powerful picosecondlaser in the marketplace

Chrome StationThree wavelengthsmulti platform

Acne

Surgery (urology)

New FIBER DUST

One of two worldwide players in high power medical fiber lasers

Our novel disruptive technology for the most effective stones micro fragmentation

New UHPTDL - Q4 2020

Physics Research

Physiotherapy

MiS (MLS Family) For degenerative neuropathies

Industrial lasers systems

STEEL CUTTING

10 kW Average power in 2020 sales bookings

30 kW systems to come in 2020

FACE MASKS, PLEXI, PROTECTIVE VISORS CUTTING

Laser cutting of technical tissue, or plastics for protection and social distancing

Up to 1,2 KW CO2 (RF)

Income Statement H1-2020

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Revenue breakdown by area

Revenue decrease <10%

EBIT% FY20 > EBIT% H1 20

Multiples

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(1) EV and multiplies as for previous slide

(*) Revenue,Ebit and earnings annualized

Comparables

El.En. S.P.A.

Enrico ROMAGNOLI Investor Relations Managertel. +39 055-8826807E-mail: [email protected]

POLYTEMS HIR

Financial Communication, IR and Press Office Bianca FERSINI MASTELLONI [email protected] MARONGIU [email protected]. +39 06-69923324

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