Investor Presentaiton

FY 2022 RESULTS Order intake and profitability driving a strong cash generation €100.3m net cash position, a continuous improvement notwithstanding investments, acquisitions and dividends Net working capital / (€m) Net financial position/ (€m) 100.3 Net working capital as of 31 December 2022 negative for €37.0m, -€34.3m YoY -€34,3m +€61.3m 55.5 39.0 0.3 Limited stock of pre-owned boats at €8.2m, of which €2.9m already sold as of 31 December 2022 -2.7 -37.0 16.6 7.5 141.3 146.3 14.2 36.3 . €100.3m net cash position as of 31 December 2022, +€61.3m YoY 68.3 53.4 18.3 21.8 . €146.3m liquidity, in addition to €51.0m financial investments and €120.7m undrawn credit lines¹ -49.3 -69.1 -120.1 -156.0 -52.2 -33.5 • Strong cash generation, notwithstanding the outflows for investments, shareholding acquisitions and dividends 31-Dec-21 31-Dec-21 31-Dec-22 31-Dec-22 Others Other financial assets including investments ■Cash on hand Net contract assets/(liabilities) Inventories Trade payables ■Short-term financial debt ■Medium/long-term financial debt Net Financial Position calculated in accordance with ESMA document 32-382-1138, 4 March 2021. A positive figure indicates a net cash position. IFRS 16 liabilities equal to €7.8m as of 31 December 2022 and €4.8m as of 31 December 2021. Excluding credit lines for reverse factoring and confirming. 1. 18

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