Wiit

Investor Presentation • Mar 26, 2025

WIIT takes your business above the clouds

Corporate Presentation March 2025

Disclaimer

This document has been prepared by WIIT S.p.A. (the "Company") for information and discussion purposes only, it contains only summary information and, therefore, it is preliminary in nature. Furthermore, it has been drafted without claiming to be exhaustive.

This presentation ("Presentation") is confidential and, as such, has not been prepared with a view to public disclosure and, except with the prior written consent of the Company, it cannot be used by the recipient for any purpose nor can it be disclosed, copied, recorded, transmitted, further distributed to any other person or published, in whole or in part, by any medium or in any form for any purpose. Therefore, the recipient undertakes vis-à-vis the Company (i) to keep secret any information of whatever nature relating to the Company and its affiliates including, without limitation, the fact that the information has been provided ("Information"), (ii) not to disclose any Information to anyone, (iii) not to make or allow any public announcements or communications concerning the Information and (iv) to use reasonable endeavors to ensure that Information are protected against unauthorized access. This document is not an advertisement and in no way constitutes a proposal to execute a contract, an offer or invitation to purchase, subscribe or sell for any securities and neither it or any part of it shall form the basis of or be relied upon in connection with any contract or commitment or investments decision whatsoever. The Company has not prepared and will not prepare any prospectus for the purpose of the initial public offering of securities. Any decision to purchase, subscribe or sell for securities will have to be made independently of this Presentation. Therefore, nothing in this Presentation shall create any binding obligation or liability on the Company and its affiliates and any of their advisors or representatives. This Presentation does not constitute an offer to the public in Italy of financial products, as defined under article 1, paragraph 1, letter (t) of legislative decree no. 58 of 24 February 1998, as amended. This Presentation is not for distribution in, nor does it constitute an offer of securities for sale in the United States of America, Canada, Australia, Japan or any jurisdiction where such distribution is unlawful, (as such term is defined in Regulation S under the United States Securities Act of 1933, as amended (the "Securities Act"). Neither this Presentation nor any copy of it may be taken or transmitted into the United States of America, its territories or possessions, or distributed, directly or indirectly, in the United States of America, its territories or possessions or to any US person. Any failure to comply with this restriction may constitute a violation of United States securities laws. No representation or warranty, express or implied, is or will be given by the Company as to the accuracy, completeness or fairness of any information contained in these materials and, so far as is permitted by law and except in the case of fraud by the party concerned, no responsibility or liability whatsoever is accepted for the accuracy or sufficiency thereof or for errors, omissions or misstatements, negligent or otherwise, relating thereto. In particular, but without limitation, no representation or warranty, express or implied, is or will be given as to the achievement or reasonableness of, and no reliance may be placed for any purpose on the accuracy or completeness of, any estimates, targets, projections or forecasts and nothing in these materials should be relied upon as a promise or representation as to the future.

The information and opinions contained in this document are provided as at the date hereof and are subject to change without notice. The recipient will be solely responsible for conducting its own assessment of the information set out in the Presentation. Neither the Company and its affiliates, nor any of their advisors or representatives shall be obliged to furnish or to update any information or to notify or to correct any inaccuracies in any information. Neither the Company and its affiliates, nor any of their advisors or representatives shall have any liability to the recipient or to any of its representatives as a result of the use of or reliance upon the information contained in this document. Certain information contained in this Presentation may contain forward-looking statements which involve risks and uncertainties and are subject to change. In some cases, these forward-looking statements can be identified by the use of words such as "believe", "anticipate", "estimate", "target", "potential", "expect", "intend", "predict", "project", "could", "should", "may", "will", "plan", "aim", "seek" and similar expressions. The forecasts and forward-looking statements included in this document are necessarily based upon a number of assumptions and estimates that are inherently subject to significant business, operational, economic and competitive uncertainties and contingencies as well as assumptions with respect to future business decisions that are subject to change. By their nature, forward-looking statements involve known and unknown risks and uncertainties, because they relate to events, and depend on circumstances, that may or may not occur in the future. Furthermore, actual results may differ materially from those contained in any forward-looking statement due to a number of significant risks and future events which are outside of the Company's control and cannot be estimated in advance, such as the future economic environment and the actions of competitors and others involved on the market. These forward-looking statements speak only as at the date of this Presentation. The Company cautions you that forward looking-statements are not guarantees of future performance and that its actual financial position, business strategy, plans and objectives of management for future operations may differ materially from those made in or suggested by the forward-looking statements contained in this Presentation. In addition, even if the Company's financial position, business strategy, plans and objectives of management for future operations are consistent with the forward-looking statements contained in this Presentation, those results or developments may not be indicative of results or developments in future periods. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

By accepting this Presentation, you acknowledge and agree to be bound by the foregoing terms, conditions, limitations and restrictions.

Highlights

158.6 M€ FY2024 Revenues +21.9% on FY2023

58.0 M€ Adj. FY2024 Ebitda +14.4% on FY2023

15 successful acquisitions* since 2007

2017 listed on the Stock Market since 2019 in the Star segment

18 branches* of which 9 abroad

+200 top clients* +1,800 midsize clients

7 Regions* 2 Premium zones | 3 Tier IV DC – Uptime Institute

*Including Econis, GEC and Michgehl & Partner acquired in 2024

680 Employees* 454 in the D-A-CH zone (397 Germany, 57 Switzerland) and 226 in Italy

Overview

The Premium Cloud for Business Critical Applications

WIIT Cloud Platform offering

Infrastructure as a Service

Datacenter, infrastructure tech, network

Platform as a Service

• Managed services, DR/BC, Cybersecurity
• Application Platform availability

Software as a Service

Application software

IaaS Providers Telco, Amazon, Msft Azure, Aruba, Claranet, Plus Server

Customer Or System Integrators

Standard Public Cloud

Infrastructure as a Service only

Key Figures by Country

7

REVENUES Adj.

60.0 M€ 37.9% of Group Revenues

Italy Germany Swiss* 83.5 M€ 52.6% of Group Revenues 9.5% of Group Revenues

15.1 M€

EBITDA Adj.

27.7 M€

47.8% Group EBITDA 46.1% EBITDA Margin 29.0 M€

50.1% Group EBITDA

34.9% EBITDA Margin

1.2 M€

2.1% of Group EBITDA 7.8% EBITDA Margin

EBIT Adj.

11.5 M€

39.9% of Group EBIT 19.2% EBIT Margin

18.0 M€

62.4% of Group EBIT 21.6% EBIT Margin

-0.6 M€ (0.2 M€ in Q4 2024) -2.3% of Group EBIT -4.4% EBIT Margin

Cloud Direct – Top Accounts

Revenues Breakdown FY 2024

By Industry

Cloud Direct Top Accounts

TOP 1 4% TOP 20 TOP 50

Number of Clients

TOP 1	4%
TOP 20	24%
TOP 50	36%
AS PERCENTAGE OF TOTAL 12M REVENUES
580	213	405 K€	2.6 M€
Number of Clients	Top Account	Top Account Avg. FY2024 revenues	Top 10 Avg. FY 2024 revenues

Corporate Governance

(1) Chairman of Related Parties and Risks Committee

• (2) Chairman of Remuneration Committee
• (3) Member of Related Parties and Risks Committee
• (4) Member of Remuneration Committee

BOARD OF DIRECTORS

Chairman	3,4 Enrico Giacomelli
Chief Executive Officer	Alessandro Cozzi
Executive Director	Francesco Baroncelli
Executive Director	Enrico Rampin
Executive Director	Chiara Grossi
Independent Director	Santino Saguto
Independent Director	3 Nathalie Brazzelli
Independent Director	2 Emanuela Basso Petrino
Independent Director	1,4 Annamaria di Ruscio

BOARD OF STATUTORY AUDITORS

Chairman of the Board of Statutory Auditors Vieri Chimenti Statutory Auditor Paolo Ripamonti

Statutory Auditor Chiara Olliveri Siccardi

SUPERVISORY BODY

Chairman of the Supervisory Body Luca Valdameri

INDEPENDENT AUDIT FIRM Deloitte & Touche S.p.A.

(*) Alessandro Cozzi and his own companies

Shareholders' Structure

At March 10, 2025 No. Shares 28.020.660

WIIT at a glance

We aim to transform how companies manage their Critical Applications with a Cloud model designed to enhance resilience and security.

The IV industrial revolution can only be achieved through the overcoming of the outdated technological models that do not allow efficiency, safety, scalability and performance.

Why WIIT

Enable the Digital Shift

We support clients in their transformation from a traditional On-Premise IT to a Premium Cloud model.

We are focused and we are investing on the continuous development of the premium Cloud provider foundations: people, technologies, processes to guarantee the highest SLAs in the market.

Market Analysis

Why Companies move to Cloud

-

Competition in Business Critical Cloud

Entry/Exit barriers

TOP 3 Reasons to choose your Critical App Cloud provider

#1 References #2 Migration experiences #3 Assets/Competences/Certifications

Reasons to change your Critical App Cloud provider

#1 Service quality #2 Provider Financial health #3 Price

Primary Cloud entry barriers to enter the Critical App Cloud

Business-stop risk due to migration is the primary Client exit barrier

EU GDPR protects Customers for Enforced Data Transfers

CLOUD ACT effective March 23, 2018

Allow federal law enforcement to request data from US companies regardless of whether the data are stored in the U.S. or on foreign soil

Data Sovereignty is a Must-Have Purchasing criteria

Government Initiatives in Europe for Data Sovereignty

Launch of Gaia-X European datasovereign Cloud Stack

Significant revision of BSI C5 criteria catalogue

requirements for secure

cloud computing

Primarily affects data collection obligation

Independence or openness of the cloud provider

Interoperability of solutions with different cloud providers

Data center in legal area of EU

Confidence in security and compliance of the cloud provider

% of companies that see the following criteria as must-have when choosing a cloud provider

Source: Company Information, OC&C analysis, KPMG / Bitkom Cloud Monitor 2022

Worldwide Cloud Market Size

Revenue in the Infrastructure as a Service market projection 2024:

CAGR 18.89%

Asia-Pacific

Total annual addressable market by region

2022-2028

*G20 includes U.S., UK, Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey,

G20*	176.90 B\$
USA	82.50 B\$
EU27	23.25 B\$
DE	5.07 B\$
UK	3.59 B\$
FR	3.11 B\$
IT	2.91 B\$
CH	2.02 B\$

Germany is the biggest and the fastest growing country in Europe

Country	2024	2025	2026	2027	2028	CAGR
Germany	5.07	5.94	6.96	8.15	9.55	17.14%
UK	3.59	4.20	4.92	5.75	6.73	17.02%
France	3.11	3.62	4.22	4.92	5.73	16.49%
Italy	2.91	3.40	3.97	4.63	5.40	16.73%
Spain	2.75	3.20	3.72	4.32	5.02	16.24%
Switzerland	2.02	2.35	2.73	3.17	3.68	16.22%
Sweden	1.54	1.79	2.08	2.41	2.81	16.18%
Russia	1.51	1.73	1.99	2.29	2.63	14.86%
Denmark	1.05	1.22	1.41	1.64	1.91	16.08%
Netherlands	1.01	1.17	1.36	1.59	1.84	16.24%
Finland	0.98	1.14	1.32	1.53	1.78	16.11%
Norway	0.89	1.03	1.20	1.40	1.62	16.17%
Belgium	0.74	0.86	1.00	1.16	1.35	16.23%
Austria	0.70	0.81	0.94	1.10	1.28	16.19%
Portugal	0.50	0.58	0.67	0.78	0.90	15.83%
Czech Republic	0.35	0.41	0.47	0.55	0.63	16.05%
Poland	0.20	0.23	0.27	0.31	0.36	16.22%
Others	3.38	3.97	4.65	5.46	6.41	17.34%
Total	32.30	37.65	43.89	51.16	59.64	16.57%

Source: WIIT Analisys of Harness Global Hybrid Cloud Market Analysis: 2022-2028 and Statista IaaS Market as of 18-02-2024

Trends

Rapidly evolving technological landscape

Increasing use of PaaS solutions by European software Developers

Rising effort of stakeholders to enhance competition in the market

Opportunities

1	The growth of AI-as-a-Service
2	The shift to Hybrid and Multicloud
3	The rising attention to cloud security and resilience
4	The growing requirements to cloud privacy
5	The transition to sustainable cloud computing

Market share of the Europe-based cloud service providers in the European market

European cloud services market size and dynamics, €bn European Cloud services trends and opportunities

Source: BDO Market research Iaas & PaaS | June 2024

Rapidly evolving technological landscape Increasing use of PaaS solutions by European

software Developers

Rising effort of stakeholders to enhance competition in the market

The major transformative tech trends, including AI, IoT, remote and hybrid working, VR/AR,etc., have led to the growing attention of European businesses to cloud migration as the latter enables the adoption of these new technologies through the use of cloud infrastructure.

According to a recent survey of G-Core, more than half of Dutch companies (60%) run or plan to run their AI workloads in the cloud as it offers virtually unlimited scalability, collaboration, and cost savings while running AI on-premises can cause organisations to face technical limitations (lack of data centre space or high electrical power consumption).

The PaaS segment of the European cloud services market has been growing over the recent years. It is forecasted to increase its share from 44% in 2020 to 54% in 2028, given the growing demand from companies engaged in software development. The primary benefit of PaaS is that it allows customers to build, test, deploy, run, update, and scale applications more quickly and cost-effectively than they could if they had to build out and manage their own on-premises platform. Besides IT, PaaS enables low-to no-risk testing and adoption of new technologies, simplified collaboration, and a more scalable approach.

As the European cloud services market is highly concentrated around US-based hyperscalers, the EU authorities and other stakeholders (incl. local European cloud vendors) discover opportunities and develop solutions aimed at enhancing competition in the European market and, therefore, achieving cloud sovereignty of the local businesses from the US and Chinese cloud service providers.

To reduce the dependence on the 2-3 leading market players, the EU authorities have proposed several new regulations, such as the Data Act and the Digital Markets Act, addressing these issues. At the same time, European cloud companies join forces in coalitions and partnerships to strengthen their positions in cloud services.

MARKET DRIVERS

Source: BDO Market research Iaas & PaaS | June 2024

24

Market is evolving from IaaS to PaaS

CyberSec adoption is a key trend

• Increasing use of PaaS solutions by companies moving to managed Cloud 1
  • Cloud Native as PaaS trend topic
• Low adoption (30-35%) of Cloud for critical application will drive strong growth 3

Purchase of cloud computing, % of firms

German Cloud dynamics

2

Source: BDO Market research Iaas & PaaS | June 2024 ; company management evaluations

Mainly hosting players

System Integrators

WIIT core competition area

Mainly hosting players

Business critical Private Cloud

Players focusing in business-critical applications (e.g. SAP)

Players offering mainly services for NON-critical applications (web hosting)

Players focusing in business-critical applications (e.g. SAP)

System Integrators have a different structure as PaaS is only a a part of their offer

Players offering mainly services for NON-critical applications (web hosting)

Business critical Private Cloud

Competitors' landscape by Business Model

Value Proposition

Why complementary?

PRIVATE CLOUD PUBLIC CLOUD

Single or multiple clients Multiple clients On-premises or off-premises Off-premises Managed Services No Managed Services Fully Customizable Limited Customizations Guaranteed SLA Target SLA Highest Security standards (up to Tier IV) Low Security standards (No Tier IV) Fully customizable Tech Performances Standard Tech Performances Shared or fully private network Shared network

Multicloud Model

Why multi cloud management matters

Source: Wall Street Journal Employees Are Accessing More and More Business Apps, OKTA Study Finds 2019

+130 different apps

is the average number of apps running in mid-large companies (+2,000 employees)

WIIT PREMIUM CLOUD

WIIT Technology Layer (Tier IV + Tech Assets)

WIIT Application platform availability

WIIT Managed Services, Cybersec, DR/BC

PaaS

The secure cloud paradigm in 7 regions

	TIER Datacenter Class	Site infrastructure Definition	Components IT capacity to support load	Distribution Path	Maintenance w/o service downtime	Fault tolerant = w/o manual intervention	Compart mentation = all components are separated and duplicated	Continuous Cooling	Avg. Availability per year	Fault probability in 5 yrs (2)	Fault probability in 10 yrs (2)
	2 x 4 Large Enterprise Corp.	2 x Fault tolerant	4N+2 Fully Redundant	Quadruple Active-Active					99.99999975%	0.0003%	0.0005%
	4 Enterprise Corporations	Fault tolerant	2N+1 Fully Redundant	Double Active-Active					99.995%	4.9%	9.6%
	3 Large Business	Concurrently maintainable	N+1 Fault Tolerant	One Active One Standby					99.982%	28.0%	48.2%
	2 Medium Size Business	Redundant	N+1	single					99.75%	90.6%	99.1%
	1 Small Business	Basic	N	single					99.67%	95.0%	99.8%
	*Management calculation

Source: Uptime Institute Website – Tier Certification of Constructed Facility – March 2018

Tier IV datacenter for business-critical applications

An integrated Hybrid Cloud and Cyber Security model

Hybrid Cloud Platform

An integrated Hybrid Cloud supply chain for Cloud governance and workloads management worldwide level

SAP Outsourcing Services

The only provider in the world with all the 6 certification classes on SAP Outsourcing Operations

Cyber Security Platform

Average increase of Wiit Security Index in our

Tier IV Availability

Resiliency level of Datacenter still is the first cause of potential business fault risk

Data Resilience

All the critical production systems are hosted in EMC VMAX storage that guarantees the maximum resiliency currently available

WIIT SERVICE PLATFORM

Eco-Sustainability

Renewable and certified energy purchased in Italy. WIIT's commitment is to CO2 emissions

100%

Green

BACKLOG AS AT 1 st JAN 2025 (€mn)

Granting a high Visibility of Business

• 5 years average contract period
• 247.3€M Backlog (+82.2%) → 1.6 times 2024 sales
• High penalties for early termination

BACKLOG AS AT 1st JAN 2024 (€mn)

What's next?

After a successful acquisition and integration of ERP tech in Italy, Germany continues to represent a key area for organic and M&A growth

Milestones on WIIT's path for Future Growth

1

3

2

Leadership in Italy on Business Critical Apps

Continue organic growth on SAP and other business critical apps

Expansion in Europe Priority on countries with market potential and country cloud-readiness for critical apps

Italian market consolidation

Continue cloud market consolidation in Italy achieving upselling of WIIT services in a new customer set and industrial synergies

Service portfolio extension on Top Tech trends Services expansion to IoT, AI, CX

Expansion and consolidation in Germany the first priority to support Cloud4Europe project

Bavaria

M&A Strategy: Europe is our home

Market share + Growth boost + Synergies

I. Cloud players with a business model comparable to WIIT and multiannual contracts schemes

II. IT players which can be considered part of the current WIIT Value Chain (for instance Datacenter, Cloud IaaS), have a client base suitable to an up-selling strategy and possibly multiannual contracts

III. Strong tech capabilities to facilitate growth of talents (HR)

-

• and value added services

Profile

EUROPE (DE, CH, UK, ITA, FR, NORDICS)

Financial FY 2024 Results

Ebit Adjusted

29.0 M€ vs 28.0 M€ in FY2023 Ebit margin Adj. of 18.3% (Like for like margin of 21.7%)

14.8 M€ Net Profit Adjusted 15.1 M€ in FY2023

+3.6% 163.0 M€ +14.4%

Net debt Adjusted (excluding IFRS16 and including the treasury shares value at December 31, 2024) 154.2 M€ at December 31, 2023

Revenues Adjusted +21.9% 158.6 M€ vs 130.1 M€ in FY2023

Ebitda Adjusted

58.0 M€ vs 50.8 M€ in FY2023 EBITDA margin Adj. of 36.6% (Like for like margin of 41.1%)

Financial Highlights vs FY 2024 FY 2023

+11% Net Profit Reported 9.3 M€ vs 8.3 M€ in FY2023

247.3 M€ Multi-year order backlog as at 1 January, 2025 Significantly improving on 150 M€ as at January 1, 2024

Revenues Adjusted* +21.9% 158.6M€ vs 130.1 M€ in FY2023

• Increase driven by organic growth, guided by the development of higher value-added services, cross-selling to customers of the new acquired companies, the entry of new customers and the consolidation of the newly acquired Companies. Interest of many customers and prospects in WIIT fully managed, secure and premium region-based Cloud Native offering, leveraging on Tier IV data center
• Group Recurring Revenues (ARR)** at 128.4 M€, 90.3% of the Total Revenues ex Gecko (+21.8% on FY2023), improving on 9M 2024:
  • ➢ Italy 87.2% of the total Revenues improving on FY2023 and 9M 2024
  • ➢ Germany 96.1% of the total Revenues
  • ➢ Switzerland 67.9% of the total Revenues
• Continued development of the Commercial Pipeline in Italy and Germany in the Manufacturing, Digital Media, ISV and CPG sectors where the Group is increasing its own market share to support future development
• Multi-year order backlog as at 1 January, 2025 at Euro 247.3 M€ significantly up of approx. 100.0 M€ from the same period of the last year, thanks to low churn rate and high new booking from 2024 sales both in Italy and Germany.

*The Adjustment at Revenues level at 31 December 2024 refers to 1.8 M€ related to the negative goodwill component (bargain purchase) obtained from the difference between the price paid for the acquisition of Econis, and the value of the acquired company's assets, which is lower than the price paid.

** ARR: revenues reported related to 2024 from recurring services of companies operating in the Cloud and Cyber Security market in Italy (WIIT S.p.A.), Germany (WIIT AG, M&P, exc. Gecko) and Switzerland (Econis AG).

Financial Highlights

vs FY2024 FY2023

42 **ARR: revenues reported related to 2024 from recurring services of companies operating in the Cloud and Cyber Security market in Italy (WIIT S.p.A.), Germany (WIIT AG, M&P, exc. Gecko) and Switzerland (Econis AG).

Group ARR* Revenues reported growth FY2020 Proforma-FY2024

Group ARR* Revenues reported growth FY2020-FY2024A

ARR Italy Organic Growth %

ARR Germany Organic Growth %

43

ARR Group Organic Growth %

ARR Group Reported Growth %

**ARR: revenues reported related to 2024 from recurring services of companies operating in the Cloud and Cyber Security market in Italy (WIIT S.p.A.), Germany (WIIT AG, M&P, exc. Gecko) and Switzerland (Econis AG).

• Focus on Cloud, optimized processes and operating services organization on organic base;
• Adjusted Operating Costs of approximately 51.9 M€ show an increase of 8.5 M€ mainly attributable to the consolidation of the companies acquired in Germany and Swiss, only partially offset by the cost synergies from the mergers in Italy and Germany. The effect of the cost synergies related to the new acquisitions will be reflected in the numbers in the next 12 months
• Adjusted Personnel Costs of approximately 47.8 M€ show an increase of 13.9 M€; this change is almost entirely attributable to the impact of new acquisitions and, to a lesser extent, to investments in the corporate and commercial structure supporting business development
• EBITDA Margin Adj. at 36.6% (Margin like for like at 41.1% vs 37.9% in FY 2023):
  • ➢ Italy 46.1% (43.0% in FY 2023)
  • ➢ Germany 34.8% (33.8% in FY 2023). The 'like for like' margin (excluding Edge&Cloud and Michgehl & Partners) in Germany is 37.9% (33.8% in 2023) and the 'like for like' margin of WIIT AG exc. Gecko is 41.1% (36.1% in 2023), significantly higher than in the last year due to the increasing focus on higher value-added services.

* The Adjustment refers to the costs related to: stock option and stock grant plans for 0.6 M€, M&A transactions for 1.5 M€, personnel reorganisation for 0.9 M€ , other non recurring cost for 0.1 M€ and to the bargain purchase effect of 1.8 M€ due to the acquisition of Econis AG.

Ebitda Adjusted*

58.0 M€ vs 50.8 M€ in FY2023 EBITDA margin Adj. of 36.6% (41.1% Like for Like) in FY2024

+14.4%

Financial Highlights vs FY 2024 FY 2023

Ebit Adjusted*

29.0 M€ vs 28.0 M€ in FY 2023 EBIT margin Adj. of 18.3% EBIT margin Adj. like for like of 21.7% (EBIT margin Adj. of 21.5% in FY 2023)

Depreciation, amortisation and write-downs amounted to approximately 29.0 €M, up by 6.3 €M compared to the previous year, and reflected the 2023 investments to support Data Center capacity in Italy and Germany and the effect of the companies acquired in 2024.

+3.6%

* The Adjustment refers to the Purchase Price Allocation of the acquisition for 6.0 M€ and it includes the variations for EBITDA Adjustment too. ** The Adjustment includes the fiscal effect of the already described normalization at EBITDA and EBIT level

45

Financial Highlights vs FY 2024

14.8 M€ FY 2023 Net Profit Adjusted** 15.1 M€ in FY2023

+11% Net Profit Reported 9.3 M€ vs 8.3 M€ in FY2023

➢ Financial Expenses at 8.9 €M, mainly attributable to the effect of interest on bonds in the amount of 5.0 €M and financial expenses for bank loans and other lenders. The year-on-year increase is due to new loans in the second half of 2023 and new loans taken out in 2024.

➢ Adjusted Financial Taxes at 5.7 €M

212.7 M€

Net debt

(including IFRS16 of 11.4 M€ and excluding the treasury shares value at December 31, 2024 of 38.3 M€) (202.2 M€ as at December 31, 2023)

• •Operating cash flow generation of 40.4 M€
• •Price paid for the acquisitions of Edge&Cloud and Michgehl & Partners in Germany, and Econis in Switzerland of 12.1 M€ including Edge&Cloud earnout;
• •Purchase of treasury shares for 1.4 M€ ;
• •CAPEX of approximately 31.5 M€ of witch:
  • ➢ 13.5 M€ related to IT infrastructure maintenance and development (new contracts signed during the year at Group level including 3.5 M€ for a five-year contract renewal)
  • ➢ 13.2 M€ related to IFRS16 leasing
  • ➢ 4.8 M€ related to rental, right of use and vehicles
• •Dividends paid totaling 7.8 M€.

Financial Highlights

vs FY 2024 FY 2023

WIIT €150m Senior Unsecured Bond

Issuer	WIIT S.p.A.
Ranking	Senior Unsecured
Amount	€150m
Use of Proceeds	Support the external growth strategy / Refinancing of existing debt / General corporate purposes
Rating	Unrated
Maturity	th 5 years, 7 October 2026
Coupon	thOctober 2.375% annual payment in arrear on 7 each year
Issue Price	100% of the nominal value
Covenants	The Group can incur any additional Indebtedness as long as the Consolidated Net Leverage Ratio* • 31st 4:1 at December each year (Current ratio) • 31st 5:1 at December each year (Spike in case of M&A with EV > €50m)
Listing and Placement	MOT of Borsa Italiana and Regulated Market of Euronext Dublin
Denomination	€1,000

The Group can incur any additional Indebtedness as long as the Consolidated Net Leverage Ratio* is lower than:

Key Terms of the Bond (1/2)

* Means, for any Relevant Period, the ratio of the Net Consolidated Financial Position of Operations of the Group for such period to the Consolidated Adjusted EBITDA of the Group for such period

th October 2023 redeem the outstanding Notes in whole or in part at the following redemption prices (expressed as a percentage of the principal amount of the Notes on the date fixed for redemption), plus

th October 2024: principal amount of the Notes outstanding on the date fixed for

th October 2025: principal amount of the Notes outstanding on the date fixed for

th October 2026: principal amount of the Notes outstanding on the date fixed for

Early Redemption	The Issuer may, at any time on or after 7 accrued and unpaid interest to the relevant redemption date: • th From the 7 October 2023 to 6 redemption plus 50% of the Rate of Interest • th From the 7 October 2024 to 6 redemption plus 25% of the Rate of Interest • th From the 7 October 2025 to 6 redemption
Negative Pledge	guarantee or indemnity in respect of any capital markets indebtedness

Events of Default Non-payment, Breach of other obligations, Cross-default of the Issuer or ^a Material Subsidiary, Security enforced, Insolvency proceedings, Composition with creditors, Winding up, Illegality, Cessation of business, Analogous event, Delisting of the Notes

The Conditions contain a negative pledge pursuant to which the Issuer will not create or have outstanding, and will ensure that none of its material subsidiaries will create or have outstanding, any mortgage, charge, lien, pledge or other encumbrance or security interest (each a "Security Interest"), upon the whole or any part of its present or future business, undertaking, assets or revenues (including any uncalled capital) to secure any capital markets indebtedness or to secure any * , without first securing the Notes equally

Key Terms of the Bond (2/2)

customarily quoted, listed or traded on any regulated or unregulated stock exchange, over-the-counter or other securities market

^* Means any present and future indebtedness (whether being principal, interest or other amounts) in the form of, or evidenced or represented by, bonds, notes, debentures or other similar debt instruments which are, or are of a type (and with terms of a type),

2023 Sustainability Report

Sustainability beyond Cloud

WIIT's ESG journey and ambition

We integrate sustainability into our daily business.

We started our ESG journey voluntarily and with a structured approach nearly 4 years ago, with the publishing of 3 voluntary editions of our Sustainability Report, promoting stakeholder engagement activities and measuring ourselves on formalized goals to be achieved by 2030.

From FY2022, WIIT falls under the scope of application of the EU Non-financial Reporting Directive (NFRD Directive 2014/95/EU), which requires large listed companies with more than 500 employees to publish annually a Non-Financial Statement.

In 2023 we published the 2 nd edition of our Group Non-Financial Statement.

• ESG Plan, 15 measurable objectives for 2030, with intermediate target for 2025

Risks and Governance

• Integration of ESG in ERM • Dedicated ESG Governance • ESG Policies

• Stakeholder engagement

Reporting

• 3 voluntary Sustainability Reports from 2019 to 2021

nd Non financial Disclosure in 2023

Sustainability beyond cloud: WIIT's journey to date

THE PREMIUM CLOUD			2025	2030
Women in the Board of Directors	45% 45% of the Board of Directors of WIIT S.p.A is composed of women		30%	45%
Women in Senior Management	30% of the Senior Management of WIIT S.p.A is made up of women	16%	20%	30%
ESG goals in Senior Management MBOs	100% of Senior Management of WIIT S.p.A with at least one ESG goal in their MBOs	38%	50%	100%
WIIT4INNOVATION			2025	2030
Security Assessment	Security assessment (WSU) of 50 major customers	40%	50%	100%
Fault-tolerant IT infrastructures	1.500 kW of the total kW of the Group's IT infrastructure covered by Tier IV certification	788 kW	1.000 kW	1.500 kW
Co-innovation	More than 100 among companies, suppliers, start- ups, students, institutions and academics involved in co-innovation initiatives (e.g. hackathons or coding contests) to stimulate the search for innovative solutions in the field of cloud services	6	40	100
Digitalisation of non-profits	Allocate WIIT services with a total contract value of up to 1% of turnover to non-profit organisations	0,2%	0,50%	1%
WIIT4CLIMATE	2023 2025 2030
Energy Intensity	50% reduction in energy consumption for data storage in the data centres of the Parent Company +21% -20% compared to 2023			-50%
Green energy towards 0 emissions	100% of purchased electricity produced from renewable sources to reduce the Group's indirect emissions to zero (scope 2)	95%	70%	100%
Green corporate flee	70% of the company car fleet consists of hybrid/ electric cars	50% 30%		70%
Second life of IT asset	80% of replacement technology materials for high schools and academic and social institutions	29,47%	25%	80%
WIIT4PEOPLE		2023	2025	2030
Upskilling and Reskilling	100 people who participated in a multi-year mini-master's degree course organised by WIIT Academy aimed at upskilling and reskilling in technical and managerial fields	41	30	100
Knowledge Intensity	20% of technical personnel obtain at least one technical- specialist certification each year (ITIL, PMP, 20% 15% SAP, Microsoft, etc.)			20%
ESG co-creation	Implementation of at least 1 ESG project per year proposed by employees and funded by the Group	4 4		10
Job Path	100% of the employees of the Group's Companies on a job path for internal growth after 24 months 17,4% from acquisition		75%	100%

ESG Plan 2030: the Group's sustainability goals

The ESG Plan is the Group's sustainability commitment between now and 2030.

15 long-term, measurable goals with intermediate targets to 2025, in line with the UN SDGs of the 2030 Agenda.

WIIT undertakes an annual monitoring of the progress of the goals and the related initiatives.

The group's sustainability report: towards the 6th edition

2023

ESG Plan 2030: the Group's sustainability goals

In line with the indications of the new GRI Standard 2021, the document has been drafted to highlight the performance and progress of the initiatives carried out by the Group in relation to WIIT's material ESG issues and, not least, to provide the organisation's stakeholders with an accurate, comprehensive and transparent account of the results achieved.

The document, for the third consecutive year, has received an external assurance.

Our ESG Policy is a key element in the process of integrating sustainability into the Group's business.

It sets out the 5 values that guide what we do, the way we do it and that represent us not only as a company, but also as individuals.

It lists the commitments that we intend to pursue to put sustainability at the heart of our growth process.

"Sustainability cannot remain only a good intention: we intend to translate it into a shared commitment to achieve ambitious goals that will elevate us above the clouds"

ALESSANDRO COZZI, CEO WIIT S.p.A.

ESG Policy: our values and commitments

WIIT S.p.A. has put in place a governance structure which ensures sustainability at various levels of its organization. The Model relies on the following roles and corporate bodies

ESG Governance: roles and responsibilities

In February 2024, WIIT completed the update of the Group Risk Assessment.

This process ensures a gradual approach to the requirements of the new European Sustainability Reporting Standards (ESRS), with particular reference to the dual materiality analysis.

Based on the analyses conducted, 68 risks were identified, each of which was associated with a material ESG theme.

ESG risks: sustainability and risk management integration

Sustainability in WIIT's Datacenters

WIIT's contribution to a greener and more ecofriendly digital infrastructure

100% Of purchased energy is certified Green

0 tons of CO² Scope 2 Market Based 1

emissions

ITALY

94%

Of purchased energy is certified Green

1.195 tons of CO² Scope 2 Market Based ¹ emissions

GERMANY

A location-based method reflects the average emissions intensity of grids on which energy consumption occurs (using mostly grid-average emission factor data). A market-based method reflects emissions from electricity that companies have purposefully chosen (or their lack of choice. Source: GHG Protocol - Scope 2 Guidance

2023

WIIT is committed to minimising negative environmental and social externalities in its value chain.

The Policy introduces a set of ESG criteria to be integrated into supplier selection, management and monitoring processes. WIIT is committed to working only with entities that demonstrate that they conduct their business in line with a number of international principles, including:

• the Universal Declaration of Human Rights;
• the United Nations Guiding Principles on Business and Human Rights;
• the Fundamental Conventions of the International Labour Organisation.

ESG Procurement Policy: a common effort towards a sustainable supply chain

Transparency	Responsability	Improvement
We guarantee the maximum transparency in the process of selection and evaluation of our suppliers.	We make our choices aware of the responsibility we have along the entire chain of Group value.	We involve our suppliers in continuous improvement processes, in order to spread best practices on the market.

Protection of 3 worker's rights

ESG Procurement Policy: Principles and key topics

9,500+ companies

3,000+ non-entrepreneur signatories

160+ countries

70+ local networks

From 2022 WIIT is a UN Global Compact signatory

WIIT has subscribed to the UN Global Compact initiative, a voluntary leadership platform for the development, implementation and spread of responsible business practices.

The platform invites companies to align their strategic operations with the UNGC's Ten Principles on human rights, labour, the environment and anticorruption, and to act in support of the UN goals and issues embodied in the Sustainable Development Goals (SDGs).

Launched in 2000, the Global Compact is the world's largest sustainability initiative, created to assist the private sector in managing risks of increasing complexity and opportunities in the environmental, social and governance fields.

The 2022 result was 32/100 (+6 over the industry average)

ESG rating: major assessments received in 2022

2020	2021	2022	Trend 2021-2022	Benchmark
71	73	67	7	1
43	51	49	7	→→
56	59	47	7	ਹੈ।
81	85	55	7	।
61	65	57	7	1

96% of WIIT's turnover is eligible for the EU Taxonomy, with 43% aligned based on technical criteria.

Stakeholder Day 2020

Topics that matter

When: January 2020 Who: 15 external stakeholders Result: identify the 9 priority ESG topics

Stakeholder Day 2021

ESG Plan 2030

When: February 2021

Who: 15 external stakeholders

Result: elaborate 18 ESG targets, the ESG Plan 2030

Key Opinion Leaders 2022

Outlook from key knowledge leaders

When: February 2022

Who: 4 external Key Opinion Leaders shared a view of the scenario Result: reviewed outlook on the future

Stakeholder Day 2023

Topics that matter

When : October 2023

Who: 15 external stakeholders

Result : update of priority ESG topics and input on WIIT's sustainability strategy.

Stakeholder Engagement: listening is at the heart of our ESG strategy

The Premium Cloud: goals 2030

2030 target		2023	2025	2030
45% of the Board of Directors of WIIT S.p.A. is composed of women	4 out of 9 WIIT board members are women	45%	30%	45%
30% of the senior management of WIIT S.p.A. is made up of women	2 out of 13 executives and first reports to the CEO are women	16%	20%	30%
100% of senior management with at least 1 ESG goal in their MBOs	5 out of 13 executives and first reports to the CEO have ESG goals in their MBOs	38%	50%	100%

ESG Plan 2030

WIIT4Innovation: goals 2030

2030 target		2023	2025	2030
Security assessment (WSU) on 50 major customers	Raising awareness of customers with respect to issues in Cybersecurity.	40%	50%	100%
1,500 kW of certified fault-tolerant (TIER-IV) IT infrastructure at the Group level	Construction of the first DC in Düsseldorf achieved Uptime TIER IV Facility certification	788 kW	1.000 kW	1.500 kW
More than 100 among companies, suppliers, start-ups, students, institutions and academics involved in co innovation initiatives (e.g. hackathons or coding contests) to stimulate the search for innovative solutions in the field of cloud services	Digital 360 Awards and 2 editions of Rising Strong	6	40	100
Allocate WIIT services with a total contract value of up to 1% of revenue to nonprofit organizations	Also in 2023, WIIT partnered with nonprofits for the digital development of the third sector.	0.2%	0.50%	1%

ESG Plan 2030

WIIT4Climate: goals 2030

2030 target		2023	2025	2030
50% reduction in energy consumption for data storage in the data centres of WIIT S.p.A.	WIIT S.p.A. consumes 74.84 MWh per Peta Byte of data stored in its Data Centers.	+21%	-20%	-50%
100% of purchased electricity produced from renewable sources to reduce the Group's indirect emissions to zero (scope 2)	Of 37,313,257.5 kWh of purchased energy, 35,364,922.5 kWh are produced from renewable sources	95%	70%	100%
70% of the company car fleet consists of hybrid/electric cars	In 2023, out of 109 company cars 55 are hybrids.	50%	30%	70%
80% of replacement technology materials for high schools and academic and social institutions	In 2023, WIIT allocated 6.84% of its assets in replacement to redemption and 22.63% to donation	29.47%	25%	80%

ESG Plan 2030

2030 target		2023	2025	2030
100 people who participated in a multi-year mini-master's degree course organised by WIIT Academy aimed at upskilling and reskilling in technical and managerial fields	Mini-masters in communication and negotiation, methodology in PM and Service Management were held during 2023	41	30	100
20% of technical personnel obtain at least one technical specialist certification each year (ITIL, PMP, SAP, Microsoft, etc.)	By 2023, 20% of technical resources have attained at least one technical specialist certification	20%	15%	20%
Implementation of at least 1 ESG project per year proposed by employees and funded by the Group	Two social initiatives were launched during 2023: BeWIIT team building events and sponsorships	4	4	10
100% of the employees of the Group's Companies on a job path for internal growth after 24 months from acquisition	The Job Path is extended to the 91 employees of WIIT Italy and the 17 employees of MyLoc.	17.4%	75%	100%

100 people who participated in a multi-year mini-master's degree course organised by WIIT Academy aimed at upskilling and reskilling in technical and managerial fields	Service Management were held during 2023
20% of technical personnel obtain at least one technical specialist certification each year (ITIL, PMP, SAP, Microsoft, etc.)	specialist certification
Implementation of at least 1 ESG project per year proposed by employees and funded by the Group	events and sponsorships
100% of the employees of the Group's Companies on a job path for internal growth after 24 months from acquisition	employees of MyLoc.

ESG Plan 2030

WIIT4People: goals 2030

Appendix

GEC, deal at a glance

Highlights WIIT, through its 100% owned subsidiary WIIT AG, acquires the Edge & Cloud business from German Edge Cloud GmbH & Co. KG, a Friedhelm Loh Group subsidiary and continues its expansion in Germany

The transaction is worth approximately Euro 6.5 million, including earn-outs, corresponding to an implicit multiple of 3.6 after expected yearly synergies of 3M euro

9M€ ARR 2023 Revenues 100% Recurring revenues 40 loyal customers 66 highly skilled tech and sales employees 3M EBITDA after synergies

Private Cloud and EDGE Computing in Frankfurt

GEC

EXPANSION/ CONSOLIDATION IN GERMANY	positioning in a very reach district in terms of opportunities
BUSINESS MODEL / GO TO MARKET	Edge Cloud capabilities
	the 2024 results it can vary from 3,6 to a maximum of 4,5 x EBITDA
COST SYNERGIES	Strong synergies expected also in this acquisition = 3M per year

ECONIS, deal at a glance

Highlights

Econis AG, a Zurich-based company, is a Managed Services Provider that provides design, implementation and management services of Private Cloud infrastructures for the worlds of Banking, Health Care and Manufacturing in the German-speaking part of Switzerland.

29.6 M CHF Revenues 2 M CHF EBITDA ADJ Net Cash amounting to approximately CHF 0.75 million

65% recurring revenues

Open up a new market in German Switzerland Focus on Managed Services Cost synergies

81 Employees

EXPANSION/ CONSOLIDATION IN SWITZERLAND	opportunities, at an extremely low overall cost and with limited risks
BUSINESS MODEL / GO TO MARKET	to6 6 in Europe
VERY ACTRACTIVE MULTPLE	The total cost for the acquisition was around 1,5M. In 2024 Q3 will be executed a 2,5M CHF increase to boost the growth
COST SYNERGIES	Strong synergies expected also in this acquisition = 4M per year

Econis

Michgehl & Partner, deal at a glance

Highlights Michgehl & Partner has been operating on the German market for over ²⁵ years as ^a specialised IT player for law firms.

Established as a consulting and software provider, today it is the cloud provider of choice for the legal sector, thanks to a dedicated web platform offering a data centre and a range of cloud services designed exclusively for law firms.

4.5 M€ Revenues 2024E 800K€ EBITDA 2024E

Nordwalde (DE)

More than 90% of recurring revenues

Expand the offer dedicated to professional firms Strengthens the indirect channel Generate Euro 1.0 million in cost synergies

31 Employees

EXPANSION/ CONSOLIDATION IN GERMANY	dedicated to indirect channel management
BUSINESS MODEL / GO TO MARKET	firms with between 5 and 50 employee
VERY ACTRACTIVE MULTPLE	This agreement implies an estimated EBITDA multiple for 2024 of less than 7 times, before assumed synergies.
COST SYNERGIES	Strong synergies expected also in this acquisition = 1M per year

WIIT takes your business above the clouds

Corporate Presentation March 2025