Investor Presentaiton
STRONG AND RESILIENT GROWTH PATH
Proven resilience over the cycle
Sustained revenue growth: +9.2% CAGR from 2008 to 2022, +16.4% CAGR since 2015
Stable EBITDA margin throughout the cycle and never a single year of operating loss during the crisis of the nautical sector: 10.3% average EBITDA margin during
2008-2014 period
Stable revenues and increase in operating margins during the Covid-19 pandemic
10.5%
7.0%
5.6%
11.5%
9.1%
8.8%
13.0%
10.5%
9.9%
9.5%
8.8%
13.5%
12.5%
11.6%
327.3
17.6%
16.3%
15.4%
14.5%
740.7
455.9
457.7
585.9
219.0
219.6
221.7
231.0
208.2
198.0
196.0
181.0
168.8
158.2
125.0
106.7
56.9
22.8
6.0
6.0
8.8
16.5
28.5
17.3
14.9
16.7
20.7
130.2
95.5
66.0
70.6
20.9
30.0
28.9
38.1
LLL
LLLLL
2005
2006
2007
2008
2009
2010
2011
2012
Revenues (€m)
2013
EBITDA (€m)
2014
2016
2017
2018
2019
2020
2021
2022
2015
EBITDA Margin (% of revenues)
Revenues presented as Value of Production according to Italian GAAP until 2015 and Net Revenues New Yachts according to IFRS from 2016 onwards.
10View entire presentation