2023-2025 Business Plan

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. 10

View entire presentation