Wiit

Investor Presentation • Aug 4, 2025

Cloud built in Europe. Designed for what matters most.

H1 2025 Results Presentation August 04, 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.

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+33.0% EBIT Adjusted

18.5 M€ vs 13.9 M€ in H1 2024 EBIT margin Adj. of 21.6% (Like for like margin of 23.4%)

+37.1% Net Profit Adjusted 10.0 M€ vs 7.3M€ in H1 2024

178.2 M€ Net debt Adjusted* (excluding IFRS16 and including the treasury shares value at June 30, 2025) 163.0 M€ at December 31, 2024**

Revenues Adjusted +17.3% 85.3 M€ vs 72.7 M€ in H1 2024

+30.3% EBITDA Adjusted

34.8 M€ vs 26.7 M€ in H1 2024 EBITDA margin Adj. of 40.8% (Like for like margin of 45.4%)

Financial Highlights vs H1 2025 H1 2024

* Excluding the IFRS 16 effect related to right-of-use assets for real estate and car leases of 14.3 M€ and including the treasury shares value at June 30, 2025 of 31.6 M€ **Excluding IFRS16 effect related to right-of-use assets for real estate and car leases of 11.4 M€ and including the treasury shares value at December 31, 2024 of 38.3 M€

Recurring Revenues +19.1% 69.3 M€ (88.4% of the total Revenues) vs 58.2 M€ in H1 2024

Key Figures by Country

4

Revenues Adj.

28.9 M€ 33.9% of Group Revenues

EBITDA Adj.

15.5 M€

44.5% Group EBITDA 53.5% EBITDA Margin

Italy Germany Swiss 45.5 M€ 53.3% of Group Revenues 10.9 M€ 12.8% of Group Revenues 17.9 M€ 51.4% Group EBITDA 39.3% EBITDA Margin 1.4 M€ 4.1% of Group EBITDA 13.3% EBITDA Margin 11.9 M€ 64.2% of Group EBIT 26.1% EBIT Margin 0.22 M€ 1.2% of Group EBIT 2.0% EBIT Margin

EBIT Adj.

6.4 M€ 34.6% of Group EBIT 22.1% EBIT Margin

Revenues Adjusted +17.3% 85.3 M€ vs 72.7 M€ in H1 2024

• Revenues increase mainly driven by ARR organic growth in Italy and Germany, as well as the contribution from the acquired companies/business units Edge&Cloud (4.2 M€), Econis AG (10.9 M€), and Michgehl & Partner (2.3 M€)*;
• Group Reported Recurring Revenues (ARR)** at 69.3 M€ +19.1% vs 1H 2024 (58.2 M €), +23.2% excluding churn, organic +4.9%, +9.1% excluding churn, of which:
  • ➢ Italy: 27.1 M€, 90.3% of the total Revenues improving on H1 2024 (83.4%), registering an organic growth of +8.2% compared to H1 2024 (+12.7% excluding churn);
  • ➢ Germany 34.4 M€, 91.8% of the total Revenues ex Gecko (98.2% in H1 2024, 96.1% in FY2024), registering a growth of +12,4% compared to H1 2024 of which 30.7 M€ organic, +0.5% compared to H1 2024 (+4.7% excluding churn);
  • ➢ Switzerland 7.8 M€, 71.1% of the total Revenues (74.0% in H1 2024);
• The churn effect is mainly attributable to the strategic decision in Italy and in Germany to focus the portfolio on high value-added contracts with higher margins, in line with the premium positioning of the offering.

5

Financial Highlights vs H1 2025 H1 2024

*Compared to June 30, 2024, the Group's scope has changed as follows: acquisition of Edge&Cloud in Germany, consolidated as of 1 April 2024 of Econis AG in Switzerland, consolidated as of 1 May 2024 and of Michgehl & Partner,

** ARR: revenues reported related to 1H 2025 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 25.7 M€ show an increase of 1.5 M€, mainly attributable to the consolidation of the companies acquired in Germany and Switzerland, almost entirely offset by the cost synergies achieved through the mergers in Germany and the impact of cost synergies related to the new acquisitions, which have begun to be reflected in the H1 figures;
• Adjusted Personnel Costs of approximately 24.6 M€ show an increase of 2.9 M€; this change is almost entirely attributable to the impact of new acquisitions;
• The result highlights a strong expansion in profitability and a more than proportional increase compared to revenues, EBITDA Margin Adj. at 40.8%, Margin like for like at 45.4%, up by 870 bps vs H1 2024 of which:
  • ➢ Italy 53.5% (45.5% in H1 2024), registering a significant progress compared to the same period of the previous year up by 800 bps; due to the continuous focus on higher value-added services.
  • ➢ Germany 39.3% (33.4% in H1 2024). The 'like for like' margin (excluding Edge&Cloud and Michgehl & Partners) in Germany is 42.4% (33.4% in H1 2024) and the 'like for like' margin exc. Gecko is 47.8% (37.2% in H1 2024), 10.6pp higher than in the last year due to the increasing focus on higher value-added services.

EBITDA Adjusted*

34.8 M€ vs 26.7 M€ in H1 2024 EBITDA margin Adj. of 40.8% (45.4% Like for Like) 36.7% in H1 2024, 36.6% in FY 2024

+30.3%

Financial Highlights vs H1 2025 H1 2024

EBIT Adjusted* 18.5 M€ vs 13.9 M€ in H1 2024 EBIT margin Adj. of 21.6% (23.4% Like for Like) (19.1% in H1 2024, 18.3% in FY 2024)

• ➢ Depreciation, amortisation and write-downs amounted to approximately 16.3 M€, up by 3.5 M€ compared to the same period of the previous year, reflecting the investments made in 2023 and 2024 to support Data Center capacity in Italy and Germany, as well as the impact of the companies acquired in 2024.
• ➢ Margin like for like at 23.4%, up by 430 bps vs H1 2024

+33.0%

* The Adjustment refers to the Purchase Price Allocation of the acquisition for 2.5 M€ and it includes the variations for EBITDA Adjustment too.

Financial Highlights vs H1 2025

H1 2024 +37.1% Net Profit Adjusted** 10.0 M€ vs 7.3 M€ in H1 2024

➢ Financial Expenses at 4.3 M€, mainly attributable to the effect of interest on bonds in the amount of 2.3 €M and financial expenses for bank loans and other lenders.

224.1 M€ Net debt (including IFRS16* of 14.2 M€ and excluding the treasury shares value at June 30, 2025 of 31.6 M€) (212.7 M€ as 31 December 2024 including IFRS16 of 11.4 M€ and excluding the treasury shares value as 31 December 2024 of 38.3 M€)

• Operating cash flow generation of 19.2 M€
• Purchase of treasury shares for 1.9 M€ ;
• CAPEX of approximately 20.5 M€ of which:
  • ➢ 13.1 M€ million related to the maintenance of existing infrastructure and the purchase of IT infrastructure linked to new contracts signed during the year, both in Italy and abroad;
  • ➢ 7.4 M€ mainly related to rental e right to use and the residual part to vehicles.
• Dividend distribution for 7.8 M€ ;
• Security deposit for the new building for 1 M €;
• Reorganization of personnel in Italy and Germanyof 0.9 M€.

Financial Highlights H1 2025

vs FY 2024

(*) Alessandro Cozzi and his own companies

Shareholders' Structure

As at August 04, 2025 No. Shares 28.020.660