Stevanato Group Investor Presentation

Expanding Margins in the Medium Term Construct for margin expansion towards 2027 ILLUSTRATIVE Ramp-up inefficiencies Adj. EBITDA Mix (shift to HVS) Depreciation Gross margin & EBIT 2023 • Gross margin • Adj. EBITDA (26.9% in FY 2023) ⚫ EBIT 2025 Gross margin Adj. EBITDA EBIT SG, Stevanato Group Mix (shift to HVS) Stevanato Group Investor Presentation, March 2024 Scale (leverage fixed costs) Operational Efficiencies 2027 Gross margin Adj. EBITDA: ~30% EBIT 30

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