Our Management Team

Giovanni Costantino Founder & CEO

Filippo Menchelli Chairman

Giuseppe Taranto Vice Chairman & CCO

Marco Carniani CFO

Salvatore Greco COO

Giulio Pennacchio Refit General Director

Marco Figara Production Director

The Italian Sea Group at a glance

The Italian Sea Group

Notes: 1) Ranking based on 2021 sales (source: Boat
International, Global Order Book 2021)

PERINI NAVI TECHE -- ADMIRAL NCA REFIT

186

The Italian Sea Group's growth history has been characterised by a strong on product quality, strategic investments on production capacity and revamping of heritage Italian brands.

Key Figures 2021 Exceeding the Guidance

Drivers

· Net Sales of Eu 186 mn (+0.3% vs FY2020) driven by: 1) an increase in new contracts, especially for the higher dimensement of orders in progress; (iii) the positive increase in sales related to Tecnomar for Lamborghini 63
· EBITDA of Eu 28 mn (+ 00% vs F2020) driven by: (j) an increase in sale prices, partially reducing the price gap with Northern European competition; [i] cost efficiency due to in house investments in fraduction capacity; [ii] bw impat of raw materials price increase in he sale price of vessels

The Company intenalises the most valuedding activities of the supply chain in order to improve cost efficiency and have a higher control on quality.