2023-2025 Business Plan

2023-2025: SOLID GROWTH PROFILE Strong focus on profitability: continued expansion of margins EBITDA margin equal to or above 19.5% in 2025 ● '22-'25 CAGR acceleration in profitability key metrics Shift towards larger yachts in each business unit Direct distribution in key markets and verticalization in strategic supply chain Higher absorption of fixed costs and operating efficiencies Consistent and progressive increase in superyacht margins EBITDA (1)/(€m) Net profit (Em) ≥19.5% ~18.5% 18.7% 17.6% 150-155 130 2022A 2023E 2025E 10.5% 10.0% 84-86 74 2022A 2023E 2025E 59 (1) The figure in 2022A refers to Adjusted EBITDA; the figure in 2023E refers to reported EBITDA, which deferred from Adjusted EBITDA for less than 0.5%. On a like-for-like basis, excluding the contribution from extraordinary transactions or business combinations. Refer to notes in the appendix regarding forward-looking statements

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