13TH SEPTEMBER 2023

INVESTOR PRESENTATION

H1 2023 Results

TODAY'S SPEAKERS

Renato Brunetti

Chairman & CEO

Expert in IT systems and software projects. In 1985, he founded Unidata together with two partners, guiding the company towards its new core business, sensing the potential offered by the Internet. President of the NaMeX Consortium and of Unifiber S.p.A. and CEO of Unitirreno S.p.A..

Roberto Giacometti

CFO & Investor Relations Officer

Expert in Administration, Finance, Planning and Control. He held the position of General Manager in several Italian and foreign companies and was Director of the National Secretariat of Agesci. In 2019, he joined Unidata and followed the listing process on EGM, the extraordinary operations and the translisting on EXM - STAR Segment

INDEX

ACHIEVEMENTS

FINANCIALS H1 2023

APPENDIX

ACHIEVEMENTS

ACHIEVEMENTS H1 2023

Unidata wins the tender for the IoT system managing water meters in Palermo. First of several tenders in IoT.

Capital increase through the issue of 360,000 ordinary shares for a total value of € 15.1 million

Closing of the acquisition of TWT Group based in Milan and operating in all Italy

Unidata and TWT launch the first Italian 25 Giga hyperfiber in Milan

JV with Azimut to build 900 km of submarine optical fiber in the Tyrrhenian Sea

Listing on Euronext Milan – STAR Segment of Borsa Italiana

KEY FINANCIALS H1 2023

Financial Highlights FINANCIAL HIGHLIGHTS UNIDATA GROUP H1 2023 FY2021

+93%

Revenues 41.7 M€ (21.6 M€ in H1 2022)* +68%

EBITDA Adjusted 9.4 M€ (5.6 M€ in H1 2022)* 49.6 M€

NFP (cash negative) (9.6 M€ in FY 2022)*

Direct Customer Growth 20,956 (18,292 in FY 2022)*

+15% +450km

Optical Fiber >5,900 km (5,450 in FY 2022)*

15.5 M€

Total Investments in tangible, intangible and financial assets

*The values in brackets refer to the economic-financial data of Unidata S.p.A. stand-alone as of 30 June 2022, therefore they do not take the TWT Group into consideration.

STRONG REVENUES GENERATION Financial Highlights FY2021 Revenues H1 2023 breakdown

Consolidated revenues strongly increased by over 93%, thanks to the inclusion of the recently acquired TWT Group in the perimeter.
"Stand-alone" revenues showed an excellent result confirming Unidata's solid business model with an increase of about 22%. 1

Retail 60.2% Infrastructure 37.6% Other Revenues 2.2% Eu 41.7 mn Consumer 4.8% Business 12.1% Wholesale 2.2% PA 0.5% Project 3.9% Voice trading 5.0% Wholesale IFRS 16 10.6% Unifiber 23.1% Materials trading 4.0%

OUTSTANDING AND CONTINUOUS GROWTH (1/2)

The improvement in EBITDA in H1 2023 is strictly related to the consolidation of TWT Group.
EBITDA Adjusted, equal to € 9.4 million, is calculated net of extraordinary costs related to consultancy for the acquisition of TWT Group and for the finalization of the Translisting amounting to approximately € 0.9 million.

OUTSTANDING AND CONTINUOUS GROWTH (2/2)

NET FINANCIAL POSITION BRIDGE

GROWTH STRATEGY

UNIDATA: NEXT-GENERATION COMMUNICATION SERVICE PROVIDER

UNIDATA HAS ALWAYS BEEN DIFFERENT FROM A TRADITIONAL TELCO

We took a different path of innovation, anticipated the times and used new technologies, niche opportunities, speed of execution and ability to adapt. These are key characteristics in the future, because we define ourselves and we want to be a

NEXT-GENERATION COMMUNICATION SERVICE PROVIDER

DISRUPTIVE TECHNOLOGIES OF NEW GENERATIONS

The most important ones, we already see with great force and promises that must be used quickly and strategically, are:

IoT AND SMART METERING: TENDERS AWARDED IN 2023

Award in Temporary Grouping of Companies, with the role of Mandatory, with BIP S.p.A. and Lektor S.r.l.

Tender for the implementation of the Automatic Meter Management System of the Metropolitan City of Palermo.

Total value of the contract equal to 2.7 million Euros, for a period of 36 months

The awarded tender is part of the PNRR funds

Award in Public Private Partnership of the concession for the implementation and management of the smart metering IoT system for Acqua Pubblica Sabina

Assignment through project financing equal to 9.5 million Euros for a duration of 14 years

Unidata will build the network using LoRaWan® technology and implementing a management system for data-driven water resource management processes

Award of the contract for the Connectivity service for the meters of the integrated water service users, for drinking water use, in Firenze- Prato-Pistoia Metropolitan Area

Assignment through project financing equal to over 3.5 million Euros for a duration of 13 years

The awarded tender is part of the PNRR funds

OVER 15.7 MILLION EUROS IN IoT TENDERS FROM THE BEGINNING OF 2023

UNLOCKING HIDDEN VALUE ACROSS A VERY DIVERSIFIED PORTFOLIO OF ASSETS

UNIDATA: EV/EBITDA 23-24 on Market Cap approx. €120 million: 6.8 - 5.7 *

TWT GROUP

Founded in 1995 in Milan, TWT Group is a primary Italian TLC, connectivity and ICT services operator specialized in the B2B segment¹
TWT Group's vision is to become a recognized "atelier of telecommunications" with a bespoke B2B offering

1) Commitment to dismiss the majority of TWT's legacy voice trading business: run-off of base clients (i.e. customers/contracts with almost no gross margin) in order to focus on the most profitable

UNIDATA & TWT: STRONG COMPLEMENTARITY

CURRENT UNIDATA GROUP CUSTOMERS

INDUSTRIAL SYNERGIES 2023-2025

The acquisition of TWT Group will allow several business synergies and cost savings that will generate year by year a positive impact on EBITDA and EBITDA Margin:

Continuous growth of both Unidata and TWT core business in B2B channels

Sale of the offering of Unidata through the network of TWT dealers and TWT services to Unidata retail customers

Aggregation of Unidata and TWT network infrastructure lowering costs

Creation of a new advanced proposal in Cloud: multisite and with disaster recovery

Creation of a new commercial proposal in SD-WAN and Cybersecurity

Decrease low-margin voice trading business

Integration of operating structures for greater efficiency and cost savings avoiding replications

Scouting of new areas to develop infrastructure (from Unidata experience in Rome areas)

UNITIRRENO (JV WITH AZIMUT)

Closing signed in 2023 with Azimut - Fondo Infrastrutture per la Crescita ESG¹ and the activity already started.

Submarine cable system in Tirreno Sea of about 900 km from Mazara del Vallo to Genova, with a junction point near Rome-Fiumicino and one in Sardinia.

1) Fondo Infrastrutture per la crescita – ESG is a fund established and managed by Azimut Libera Impresa, invests in social infrastructures in order to generate a positive and sustainable growth of the economy, environment and society with an ESG approach