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El.En. Investor Presentation 2021

Sep 20, 2021

4393_cp_2021-09-20_0821e5f8-fb31-4a35-baf3-5d39c35d41d9.pdf

Investor Presentation

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COMPANY PRESENTATION

Amsterdam Virtual MidCap Conference,

September 21st, 2021

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

A primary player providing Medical, Industrial and Conservation Laser Solutions Worldwide

World Class Hi-Tech company

Hi-Tech industrial group providing laser solutions with proprietary technologies and know how developed over 40 years

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

Within Worldwide leaders in its space

Active worldwide on several laser application segments and markets…

…progressively widening its worldwide presence achieving continuous growth over the years

WE CREATE LIGHT, ENERGY, WAVES

Medical

Our energy based systems improve people's well-being and life quality.

In the surgical sector, our minimally invasive technology systems minimize pain, side effects and risks of surgical procedures andhospitalization days.

In the aesthetic sector, our systems satisfy the growing desire of individuals to improve their appearance also reducing pathological or painful imperfections

Conservation

Our laser systems preserve artworks of the universal heritage of our communities.

Industrial

Our laser cutting and marking systems reduce the environmental impact of manufacturing processes minimizing waste, fumes generated by the process, use of chemical additives, also allowing to eliminate the need for inks, solvents or glues within the process.

6

Markets and Growth drivers

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
  • Side effects and risks reduction
  • 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

Laser marking:

  • Products identification and traceability
  • Minimal environmental impact

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

Medical Aesthetics: Market Overview

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1

Medical Laser Market

Fortune Business Insights:

The global Medical Laser Market size was valued @ USD 4,37 billion in 2019 and is projected to reach USD 10,57 billion by 2027, exhibiting a CAGR of 13,9% during the forecast period

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"

Expanded product portfolio for body contouring, cellulite treatments

ONDA Plus (Coolwaves)

Improved capabilities of our body contouring flagship system

Physiq, Delinea, B-Star

An effective set of unique combinations of superluminescent led matrices with Tens and EMS

Schwarzy, B-Strong, Bodylab

High intensity magnetic fields for muscles stimulation

New Icoone

Micro alveolar stimulation

Laser

Expanded product portfolio for epilation, skin firming

Again

Unique high end system for laser hair removal

Luxea

The ultimate multi application and multi technology platform

RED Touch

The system for neocollagenesis and tissue regeneration

Tattoo and Toning

Discovery Pico DermDesigned for Asian skins

Chrome StationThree wavelengths multi platform

Tattoo and Toning

One of two worldwide players in high power medical fiber lasers

Our novel disruptive technology for the most effective stones micro fragmentation

Novel CO2 device for dermatology and gynecology featuring an additional 1540nm laser source

MiS (MLS Family) For degenerative neuropathies

Industrial lasers systems

STEEL CUTTING

10 kW Average power in 2020 sales bookings40 kW systemsto come in 2021

Laser cutting systems offer in China

Financial Highlights

Income Statement – H1 2021

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Balance Sheet – H1 2021

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Multiples & ComparablesCurrent Outlook

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Amounts in mlnSept 30th , 2021Medical/AestheticPrice Revenue Var.% Rev.EBIT EBIT % MK.Cap. EV EV/Sales (*)EV/EBIT (*)P/Book ValueCutera \$51,12 \$108 85% \$3 3% \$917 \$765 3,5 118,3 17,2InMode \$133,78 \$153 115% \$68 45% \$5.110 \$4.781 15,6 35,0 15,4Venus \$2,35 \$48 54% \$(5) -11% \$127 \$180 1,9 n.a. 3,4Sisram Medical \$1,90 \$125 75% \$21 17% \$884 \$789 3,1 18,5 2,6Lutronic € 14,45 € 58 73% € 11 20% € 365 € 395 3,4 17,5 4,5IndustrialIPG Photonics Co. \$174,22 \$717 31% \$181 25% \$9.320 \$7.859 5,5 21,7 3,4Prima Industrie € 21,05 € 184 17% € 2 1% € 219 € 303 0,8 71,4 1,3Han's Laser ¥43,46 ¥7.445 45% ¥878 12% ¥46.410 ¥48.282 3,2 27,5 4,4Bystronic CHF 1.344 CHF 441 18% CHF 30 7% CHF 2.460 CHF 1.986 2,3 32,8 3,1El.En. (1) € 14,50 € 274 69% € 31 11% € 1.156 € 1.062 2,2 19,1 4,4

(1) EV and multiplies as for previous slide

(*) Revenue,Ebit and earnings annualized

Contacts

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] Silvia MARONGIU - [email protected] Tel. +39 06-69923324

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