Strong and Resilient Growth Path

Clear visibility on future growth reinstated Share of backlog for y+2 and beyond slightly decreasing, yet still significant given interest rates level March 31st backlog historical evolution / (€m) LTM Net backlog cover/ (Net Backlog/LTM Net Revenues New Yachts) 31 March backlog composition / (% of total) 553 1,240 1,178 0.9x 1.6x 1.4x 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-21 31-Mar-22 31-Mar-23 Average 1.3x Average 25.9% 38.8% 46.7% 43.8% 74.1% 61.2% 53.3% 56.2% 31-Mar-21 31-Mar-22 31-Mar-23 Beyond following year (y+2 and subsequent) Following year (y+1) Backlog is calculated as the sum of the value of all orders and sales contracts signed with customers or brand representatives relating to yachts for delivery or delivered in the current year or for delivery in subsequent years. For each year, the value of the orders and contracts included in the backlog refers to the relative share of the residual value from 1 January of the current year until the delivery date. Backlog relating to yachts delivered during the year is conventionally cleared on 31 December. For LTM Net backlog cover, backlog as of 31 March is cleared of Q1 Net Revenues New Yachts, and is divided but LTM Net Revenues New Yachts 26

View entire presentation