Strong and Resilient Growth Path

Continued revenue growth after previous year's boom Net Revenues New Yachts at €183.7m, +11.8% YoY and ca. +88% vs Q1 2020 Sound first quarter performance by Superyacht and Bluegame divisions, +41.4% and +38.9% YoY respectively Strong YoY revenues increase in Europe (+50.3%) and MEA (+96.4%) more than offsetting relatively weak quarterly revenues in the Americas (-43.7%) and APAC (-15.8%) Yacht Division substantially in line with Q1.22 and with the production trend forecasted for the year YoY comparison / (€m) 97.9 Q1 2020 +20.5% 118.0 Q1 2021 +39.3% 164.4 Q1 2022 Breakdown by division +11.8% 183.7 Breakdown by geography Q1 2023 63.9% Yacht Division €117.4m 25.3% Superyacht Division €46.4m 10.8% Bluegame Division €19.9m 64.9% Europe €119.2m 16.6% Americas €30.5m 11.0% APAC €20.1m 7.6% MEA €13.9m Net Revenues New Yachts are calculated as the sum of revenues from contracts with customers relating to new yachts (recognised over time with the cost-to-cost method) net of commissions. In accordance with IFRS standards, revenue calculation includes the difference between the value contractually attributed to the pre-owned boats traded in and their relative fair value. 24

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