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Investor Presentaiton

Executive summary - consolidated figures Filli Orsero QUALITA GRUPPO ORSERO • • Net sales 9M 2021 are 789 M€, slightly up vs LY - 9M 2020 was particularly strong (+5,4% vs 9M 2019). - 2-Yr variance 9M 2021 vs 9M 2019 equal to +5,4% Adjusted EBITDA amounts to 41,8 M€, up +6,6% or +2,6 M€ vs LY Good performance for both Import & Distribution and Shipping BU Adj. EBITDA excl. IFRS 16 is 36,1 M€, up by 2,9 M€/+8,7% - Adjusted EBITDA margin stands at 5,3%, (+33 bps.) Adjusted EBIT improves by 1 M€ to 21,2 M€, as a consequence of better operating performances Adjusted Net profit is up by 2 M€ to 15,3 M€ vs 13,3 M€ of LY M€ 9M 2021 9M 2020 Total Change Amount % Net Sales 789,0 788,7 0,3 0,04% Adjusted EBITDA 41,8 39,2 2,6 6,6% • Adjusted EBITDA Margin 5,3% 5,0% +33 Bps. Adjusted EBIT 21,2 20,1 1,0 5,0% Adjusted Net Profit 15,3 13,3 2,0 14,7% Non-recurring (*) 0,1 (1,4)ns ns 15,4 11,9 3,5 29,1% Net Profit Adjusted EBITDA excl. IFRS 16(**) 36,1 33,2 2,9 8,7% • Total Equity is equal to 173,7 M€ Net Financial Position Excl. IFRS 16 (**) is 47,6 M€ (Net Debt) or 75,1 M€ including IFRS 16 liabilities, 28,2 M€ of improvement vs Dec. 2020 due to positive operating cash flow generation and working capital management ΜΕ Net Invested Capital Total Equity Net Financial Position NFP/ Total Equity NFP/Adj. EBITDA (**) 9M 2021 31.12.2020 248,7 263,4 173,7 160,1 . 75,1 103,3 0,43 0,65 1,47 2,13 Net Financial Position excl. IFRS 16(**) 47,6 74,4 NFP/ Total Equity excl. IFRS 16 0,27 0,46 NFP/Adj. EBITDA excl. IFRS 16 1,10 1,84 25 25 (*) Net of tax. (**) Data excluding the effect of IFRS 16, consisting chiefly of incremental Adjusted Ebitda of abt. 5,7 M€ in 9M 2021 and abt. 6,0 M€ in 9M 2020 and incremental NFP of 27,5 M€ at the end of 9M 2021 and 28,9 M€ at the end of 2020.
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