Investor Presentaiton

Consolidated NET PROFIT ADJUSTED NET PROFIT VARIANCE (M€) Total change +2 M€ 11,9 -1,4 13,3 -1,6 2,6 -0,5 1,4 15,3 0,1 10 15,4 Net Profit 9M 2020 Adjustments 9M 2020 Adj. Net Profit 9M 2020 Adj. Ebitda D&A Provisions Financials/ Share of Profit Ταχ Adj. Net Profit 9M 2021 Adjustments 9M 2021 Net Profit 9M 2021 Adjusted Net Profit 9M 2021 stands at 15,3 M€, excluding the adjustments and their tax effect: Filli Orsero QUALITA GRUPPO ORSERO - higher operating margin is partially offset by the increase of D&A/provisions and financial items (mainly related to exchange rate differences moved from a profit of +0,6 M€ in 9M 2020 to a loss of -0,2 M€ 9M 2021) while tax accruals are lower than LY • Total adjustments 9M 2021 equal to a profit of +0,1 M€, net of estimated tax, comprising: - 1,3 M€ of capital gains (sale of Milano warehouse), 250 K€ of Covid-19 expenses, 430 K€ of provision for employees profit sharing in France and Mexico, 148 K€ of accrued top management LTI incentives (*) and 320 K€ of others - Net Profit is 15,4 M€ versus 11,9 M€ LY (*) Recognition of LTI matured in 2020. As per IFRS 2, the total LTI deferred bonus matured in 2020 was 909 K€ M€ (including social security) but only 277 K€ were recognized as cost for the FY 2020 since the right to receive the payment of such LTI bonus for the entitled key managers is subject to the condition of remaining in the Group for a time period set forth by the LTI Plan 2020-22 regulations. Therefore, the total amount matured is split over the lifespan of the Plan. For further information please refer to the FY 2020 Financial Report. 27

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