Unidata

Investor Presentation • Dec 10, 2025

EUROPEAN MIDCAP EVENT GENEVA

TODAY'S SPEAKER

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

UNIDATA AT A GLANCE

UNIDATA AT A GLANCE

VALUE PROPOSITION

Unidata is a Fiber Company, leader in Telecommunications, Cloud & IoT

Fiber & Networking

PA Business Wholesale Consumers

Cloud & Datacenter

IoT & Smart Solutions

KEY OPERATIONAL DATA

8,150 km optical fiber laid 1

over 30,000 directcustomers 1

about 508,000 houses covered 1

34,336Active lines through resellers 1

2 Datacenter 800 sqm and 650 sqm

210 Employees

FINANCIAL TRACK RECORD

IoT & SMART METERING: AWARDED TENDERS

Tender for the Metropolitan City of Palermo

Total value of the tender equal to 2.7 million Euros, for a period of 3 years

Award in PPP for Acqua Pubblica Sabina

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

Award 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 Molise region

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

Award for Basilicata region

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

Award for Emilia Romagna region

Assignment equal to 0.3 million Euros

Award for Toscana region

Assignment equal to 0.3 million Euros

Award for Toscana region

Assignment equal to 0.4 million Euros

20 MILLION OF TOTAL ORDER VALUE, ABOUT 17 MILLION IN BACKLOG

KEY FINANCIALS 9M 2025

FINANCIAL HIGHLIGHTS – REVENUES & CUSTOMERS

Unidata Group's consolidated revenues slightly increased in 9M 2025 in comparison with 9M 2024, confirming the revenues breakdown by business area.

Service Revenues recorded a stable trend, while Infrastructure Revenues recorded an increase YoY (+4%).

Service 74.6% Infrastructure 23.2% Other Revenues 2.2% € 72.8 mn Revenues breakdown 9M 2025 Consumer 6.9% Business 24.4% Wholesale 1.2% PA 5.3% Reseller 30.8% Voice trading 5.9%

^1. The values as of 31 December 2023 refer to the pro-forma economic data as of 31 December 2023, i.e. including the TWT Group in the consolidation for the entire period.

FINANCIAL HIGHLIGHTS – EBITDA & EBIT

• The improvement in EBITDA is essentially linked to the reduction in the Cost of Goods Sold and other operating costs, despite an increase in service costs due to the increase in costs relating to Consumer customers because of the growth in corresponding revenues.
• Slightly lower EBIT compared to the first 9M 2024 (€ 11.3 million) due to an increase in amortisation linked to the higher investments made.

8

BUSINESS PLAN 2026-2028

THE DIGITAL MARKET IN ITALY

Retail market, 2024 (€bn)

Addressed market 25.0 €bn

• In 2024, the value of the digital market was over 87 €bn.
• The market addressed by Unidata represents 29% of this value (25.0 €bn).
• Fixed Network Services include voice and data services and amount to 9.4 €bn, of which 3.7 €bn refer to the business market.
• ICT services, amounting to 15.6 €bn, include Cloud Computing, Datacenter, Cybersecurity and IoT services and solutions.

FIXED NETWORK AND ICT SERVICES

Addressed retail market, 2022-2028 (€bn) Driving role of ICT

• The targeted retail market will grow from 25.0 €bn in 2025 to 34.3 €bn in 2028 (CAGR +7.9%).
• Growth will continue to be driven by ICT services (CAGR +10.9%).
• The dynamics of fixed network services will remain limited (CAGR +1.7%) and focused on ultrabroadband connectivity.

UNIDATA'S PLAYING FIELD

3 Focus Markets 3 Fields Data Center IoT Network Fiber Network Cloud & Digital Trasformation Connectivity & Convergence Smart Cities Water Solutions IoT Retail Services Wholesale Services Infrastructure

TARGET & COMPETITORS

Retail Wholesale

Source: ISTAT/CNEL 2023/24

Wholesale

STRATEGIC GOALS AND GUIDELINES

Pursue sustainable long-term growth

Both organically and through M&A, creating value for stakeholders in the medium to long term

Focus on Growth

Transform the company into a TechCo

Focus on the integration of digital technologies and on the B2B and

Innovative 4C Services

Leverage the know-how of infrastructure projects

B2B2B markets

Best in Class Network & Datacenter

Transform the Company's offering and revenues mix New growth trajectory thanks to the know-how gained in innovative infrastructure projects

E2E and AI Digital Processes

In line with market evolution towards high value-added ICT services and the centrality of digital transformation processes

• People Engagement
• Strategic Financial Management

UNIDATA'S FUTURE

From TelCO to TechCO

THE EVOLUTION OF UNIDATA'S POSITIONING

Evolution 2026-2028

Retail Services

• B2B focus with a consolidated presence in Lazio and Lombardy
• Relevance of fiber connectivity on your own network
• Provider of integrated ICT solutions (4C: Connectivity, Communication, Cloud, Cybersecurity) to support customers' digital transformation
• Partnerships for the implementation of value-added projects

Wholesale Services

• Consolidated leadership in the reseller market
• Relevance of mature and shrinking markets (voice)
• Evolution towards Telco as a Service (NOC/SOC) model
• Management of the impact of regulatory and institutional scenarios (digital and switch-off)

Infrastructure

• Proven ability to design, build, operate and maintain fiber optic networks
• Development of synergies with Unifiber (Fiber), UniCenter (DataCenter) and Unitirreno (Submarine Cable)
• Enhancement of system integration skills

«DIGITAL HUB» OMNICHANNEL SERVICE PLATFORM

UNIDATA Digital Hub

• The development of a common platform for all sales channels is a key element.
• Overcome the fragmentation of internal platforms and integrate it all into a single CRM.
• Artificial Intelligence is a distinctive element for the optimization of:
• Analytics generation
• Sales Process Analysis (Business Process Flow)
• UniHub will allow access to services through a common marketplace in:
• "Push" Channels Salesforce, Business Partner, Reseller
• "Pull" Channels digital funnel (Telco, Cloud, Cyber, ...)
• HostBill, as an "all-in-one billing, automation and client management" solution, it is an enabling factor for the development of a true marketplace common to all channels, capable of offering a seamless eCommerce experience.

2028 FINANCIAL TARGETS

CUMULATED CAPEX 2026-28 NET FINANCIAL DEBT

JOINT VENTURES

JOINT VENTURES (1/2)

KPIs

• Roll-out of the FTTH access network in "gray areas" located in the Lazio and Puglia regions.
• Unifiber owns the passive FTTH network. Objectives
• Design, construction and maintenance of the fiber network.
• Development of the FTTH fiber network in the Lazio area.
• The role of Sale of the network to wholesale operators.

UNIFIBER UNITIRRENO

• Development of submarine cable infrastructure in the Tyrrhenian Sea (from Mazara del Vallo, Olbia, Rome and Genoa).
• The project is officially operational from November 2025
• Development of infrastructure links in Europe and Africa.
• Operational Management through Cable Landing Station, Network & Security Operation Centers.
• Sale of services to domestic customers.

JOINT VENTURES (2/2)

structure

UNICENTER (2026-2028)

• Construction of a green and neutral Tier IV Data Center of about 20 MW and 3.200 racks of capacity (total area 20.000 sqm) with a target of national and international customers. Renewable energy sources usage to the maximum extent possible.
• Data Center design and construction support.
• Operational management of UniCenter.
• Provide its services to UniCenter at market prices to enable them to be sold to other B2B operators.

ESG

ESG: 3 STRATEGIC OBJECTIVES AND 19 SPECIFIC OBJECTIVES

• Promoting the right to connection for all people as a lever for social inclusion 1
• 4 1. UI in gray areas 2. 100% fiber 3. Cloud computing 4. Smart metering

Promote employee and employee satisfaction 2

Implement a progressive evolution of its business and operating model towards a zero-emission economy 3

• 1. Assessment and Skills
• 1. Training

6

9

• 1. Corporate Climate
• 1. Mobility Management
• 1. ESG Incentives
• 1. Gender Equality
• 1. Vehicle fleet
• 1. Consumption reduction
• 1. PSCL
• 1. Monitoring
• 1. Renewables
• 1. Photovoltaic
• 1. CRM
• 1. Paper use
• 1. Supplier selection

APPENDIX

CORPORATE GOVERNANCE & ORGANIZATION

Public Affairs & Institutional

Relations

Federico Bottura

Roberto Giacometti

Giovanni De Nichilo

Roberto Monaldi

Patrizio Pisani

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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. 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CONTACTS

UnidataS.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