Unidata

Investor Presentation • Sep 11, 2024

H1 2024 RESULTS

SEPTEMBER 11TH, 2024

TODAY'S SPEAKERS

Renato Brunetti

Chairman & CEO

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

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..

ACHIEVEMENTS H1 2024

Unitirreno made significant progress towards completing the work, including obtaining environmental permits in strategic project locations

Unidata presents the new logo

ACHIEVEMENTS H1 2024

Unidata is awarded in Temporary Grouping of Companies of the tender for the IoT system managing water meters for Basilicata Region

Unidata is awarded in Temporary Grouping of Companies of the tender for the IoT system managing

water meters for Molise

Region

KEY FINANCIALS H1 2024

FINANCIAL HIGHLIGHTS UNIDATA GROUP H1 2024

Optical Fiber +450 km (6,800 in FY 2023)

Adjusted EBITDA +11% (11.2 M€ in H1 2023)

12.4 M€

Total Investments in tangible, intangible and financial assets

6.3 M€

462,000 house covered 3

NFP (47.9 M€ in FY 2023) Adj. NFP 46.1 M€ 48.5 M€ 1 1 2

1) The values in brackets as of 30 June 2023 refer to the pro-forma economic data as of 30 June 2023, i.e. including the TWT Group in the consolidation for the entire period; 2) Adjusted NFP for the increase of the secured deposit for € 1.2 million; 3) Including Unifiber network.

UNIDATA GROUP REVENUES

Number of customers H1 2024

1) Pro forma data refer to the pro-forma economic data as of 30 June 2023, i.e. including the TWT Group in the consolidation for the entire period.

• Consolidated revenues are in line with H1 2023, confirming the inversion of the revenues mix with an increase in the percentage weight of Service Revenues and the divestment of Voice Trading.

PROFIT&LOSS: EBITDA

• The improvement in EBITDA in H1 2024 is essentially linked to the execution of important highly profitable projects which entered the group perimeter in the first quarter of 2024
• Adjusted EBITDA, equal to € 12.4 million, is calculated net of € 0.3 Million of extraordinary costs

1) Pro forma data refer to the pro-forma economic data as of 30 June 2023, i.e. including the TWT Group in the consolidation for the entire period.

PROFIT&LOSS: EBIT & NET RESULT

1) Pro forma data refer to the pro-forma economic data as of 30 June 2023, i.e. including the TWT Group in the consolidation for the entire period.

NET FINANCIAL POSITION BRIDGE

Q&A SESSION

APPENDIX

SHAREHOLDERS AND GOVERNANCE

2

BOARD OF DIRECTORS

FINANCIAL REPORTING OFFICER

Roberto Giacometti CFO & Investor Relations Officer

Award in PPP 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

IoT & SMART METERING: AWARDED TENDERS

Award in Temporary Grouping of Companies, with the role of Mandatory.

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

Total value of the tender, part of NRRP funds, equal to 2.7 million Euros, for a period of 36 months

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 Award in Temporary Grouping of Companies of the concession for the implementation and management of the smart metering IoT system for Molise region

Assignment through project financing equal to over 3.0 million Euros for a duration of 2 years

OVER 19 MILLION EUROS IN IoT TENDERS FROM THE BEGINNING OF 2023

Award in Temporary Grouping of Companies of the concession for the design and implementation of the remote reading network based on LoRaWan® technology for Basilicata region

Assignment through project financing equal to 0.6 million Euros for a duration of 2 years

UNIDATA GROUP - CUSTOMERS H1 2024

33,996

Active lines at national level through a network of about 370 partners

25,528

Unidata Group Consumer and Business Customers

59,524

STRATEGY -THE INDUSTRIAL PATH

Smart Cities

Edge Computing

Smart Infrastructure

Advanced Water Solutions

Connectivity & Convergence

BUSINESS DEVELOPMENT on NATIONAL SCALE

INVESTMENTS in STRATEGIC INFRASTRUCTURES

«the 5Focus» for UNIDATA

Commercial development based on techno-digital

transformation of companies, private individuals and Public

Administration

Implementation of Complex Fiber-Cloud-WiFi-IoT Projects

Innovative Networks

Fiber & IoT

Advanced Data Center

Strategic connectivity for the Mediterranean

2026 FINANCIAL TARGET

NET FINANCIAL DEBT

CUMULATED CAPEX 2024-26

1) Reported Data include 12 months of Unidata and 10 months of TWT Group; 2) Management Data include 12 months of both Unidata and TWT Group.

2026 REVENUES BREAKDOWN

REVENUES MIX by Business Line

Over time the Mix of contribution to Total Revenues changes in favour of a greater weight of Revenues deriving from the SERVICE (Retail) business line (Business, Consumer, Wholesale, Reseller, Public Administration)

CAGR SERVICE (Retail) 2024-2026 - 25%

REVENUES MIX by Type

The basis of recurring contracts are the engine of growth together with large Fiber-IoT digital transformation projects

CAGR SERVICE (Retail) Recurring 2024-26 - 25%

ESG GOALS 2024 -2026

• New HU OF +21k
• New HU UF +64k

Roma 5G

• 100 squares connected by WIFI

• 1525 Small Cells

Unitirreno

• 890km from Mazara del Vallo to Genova with connections at Roma – Fiumicino and Olbia

• -

-

-

-

Personal development •employment increase 215+ units •Women from 28% to 32% of the total •increase of the under 30

Training •+46% of total training hours • Assessment 90+% of staff

Welfare •+10% monetary incentive •+29% of smart working days

Evaluation •company climate measurement •periodic performance assessment

Savings enabled by IoT metering projects

• 80M m3 of water
• 60GWh of energy

-10% data center consumption

Direct self-production 4+%

95+% energy used from renewables

Mobility manager and contribution to the Sustainable Urban Mobility Plan

12% reduction in the average CO2 emissions by the car fleet

CLOSING REMARKS

+10% Revenues CAGR 2024-2026

2024-2026

0.6x

2024-2026

2024-2026

2024-2026

Growth driven by Business, Wholesale and Public Administration markets

Purchasing optimization, process automation, improvement of technical and commercial contracts

Artificial Intelligence, smart grid, water, energy, environmental sustainability, climate change

Better attention to environmental impact and circular economy

Investments in new networks and data centers

DISCLAIMER

This document has been prepared by UNIDATA S.p.A. (the "Company") solely for information purposes. It contains summary information only and is therefore preliminary in nature. It has also been prepared without any intention of being exhaustive. THIS PRESENTATION AND THE ASSOCIATED VERBAL DISCUSSIONS DO NOT CONSTITUTE A PUBLIC OFFER OR AN INVITATION TO SUBSCRIBE, PURCHASE OR OTHERWISE ACQUIRE FINANCIAL PRODUCTS UNDER ARTICLE 1(1)(T) OF LEGISLATIVE DECREE NO 58 OF 24 FEBRUARY 1998 (AS AMENDED). This document is not therefore an advertisement and does not in any way constitute a proposal for execution of a contract, an offer or an invitation to purchase, subscribe or sell securities and neither does this document or part of this document constitute a basis to be relied upon in relation to any contract or undertaking or investment decision. The Company has not prepared and will not be preparing a prospectus for the purposes of an initial public offering of shares. Any decision to purchase, subscribe or sell securities must be taken independently of this Presentation. No provision of this Presentation will therefore create any binding liability or obligation for the Company and its subsidiaries and for their consultants or representatives. The Presentation is not intended for distribution in the United States of America, Canada, Australia, Japan or in any jurisdiction in which such distribution is illegal (as defined in Regulation S under the United States Securities Act 1933, as amended (the 'Securities Act'). Neither this Presentation nor any copies thereof may be used or transmitted in the United States of America or in its territories or possessions, or distributed, directly or indirectly, in the United States of America or in its territories or possessions or to any American person. Failure to comply with this restriction may constitute a breach of United States securities laws. 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The recipient will be the sole party responsible for its own assessment of the information contained in the Presentation. Neither the Company and its subsidiaries nor their consultants or representatives, will be obliged to provide or update any information or to provide notification of or correct any inaccuracies in any information. Neither the Company and its subsidiaries nor any of their consultants or representatives will have any liability vis-à-vis the recipient or any of its representatives as a consequence of the use of or reliance on the information contained in this document. Some information may contain forward-looking statements that present risks and uncertainties and are subject to change. In some cases, these forward-looking statements may be identified by the use of words such as 'believe', 'anticipate', 'estimate', 'objective', 'potential', 'hope', 'forecast', 'draft', 'could', 'should', 'may', 'intention', 'plan', 'purpose', 'seek' and similar expressions. The forecasts and forward-looking statements included in this document are necessarily based on a series of assumptions and estimates that are intrinsically subject to significant economic, operational and competitive uncertainties and unforeseen events, and on assumptions relating to future corporate decisions that are subject to change. By their nature, the forward-looking statements present known and unknown risks and uncertainties, because they refer to events and depend on circumstances that might occur in the future. Furthermore, the actual results may differ substantially from those contained in any forward-looking statement because of a series of significant risks and future events that are outside the control of the Company and cannot be estimated in advance, such as the future economic context and the actions of competitors and other entities involved in the market. These forward-looking statements refer only to the date of this presentation. The Company advises that the forward-looking statements are not guarantees of future benefits and that its current financial position, corporate strategy, plans and management objectives for future operations may differ substantially from those stated in or suggested by the forward-looking statements contained in this Presentation. Furthermore, even if the Company's financial position, company strategy, plans and management objectives for future operations are consistent with the forward-looking statements contained in this Presentation, these results or developments might not be indicative of the results or developments in future periods. The Company expressly disclaims any obligation or undertaking to disclose updates or revisions of any forward-looking statement contained in this document to reflect any change in the Company's expectations in relation to that document or any change in events, conditions or circumstances on which such statements are based. By receiving this Presentation, the user acknowledges and accepts that it is bound by the terms, conditions and restrictions stated above.

Unidata S.p.A.

ROBERTO GIACOMETTI CFO & Investor Relations Officer

+39 329 2478696 r.giacometti@unidata.it

CDR Communication S.r.l. Investor Relations Consultant

SILVIA DI ROSA +39 335 7864209 silvia.dirosa@cdr-communication.it

ELEONORA NICOLINI +39 333 9773749 eleonora.nicolini@cdr-communication.it