Strong and Resilient Growth Path

Order intake normalising, yet backlog hitting new highs Backlog surpassing the €1.2b milestone as of end of March 2023, consolidating previous year's record Order backlog composition / (€m) YoY comparison / (€m) Approx. €170m order intake in Q1 2023 (vs approx. €262m in Q1 2022), a physiologic normalisation mainly given by: Return to typical seasonality, after an exceptional 2022 Record stock of backlog, ~92% covered by final clients, which increased significantly the waiting list/delivery times Normalisation in the "Americas" with high interest rates biting and consumers being cautious at the moment given the macro context 2023 share of backlog confirms YE guidance 1,070 170 1,240 696 543 553 >2x +5.2% 1,240 1,178 Yacht Division deliveries up to 2025, and Superyacht Division's up to 2026 Longer delivery times support pricing Backlog 31-Dec-22 Order intake Q1 2023 Backlog 31-Mar-23 Of which 2023 Of which 2024 and beyond Backlog 31-Mar-21 Backlog 31-Mar-22 31-Mar-23 Backlog 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. 25

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