2023-2025 Business Plan

FY 2022 RESULTS Accelerating on margin expansion Adjusted EBITDA margin at 17.6%, +130bps YoY, thanks to price increases and operating efficiencies Adjusted EBITDA EBIT/ Group net profit/ (net of minor non recurring items) / (Єm and margin % on Net Revenues New Yachts) (Єm and margin % on Net Revenues New Yachts) Benefits from shift in product mix towards larger yachts in each division (>100 feet for yachts and 50-73 metres Steel line for superyachts) Continued increase in average selling prices more than offsetting cost inflation. (Єm and margin % on Net Revenues New Yachts) . Impact of energy costs and raw materials limited and under management, slight decrease in Q4 Diversification of suppliers and multi-year 16.3% procurement at pre-agreed prices, also thanks to vertical integration Higher absorption of fixed costs and optimisation of new production capacity EBIT margin +150bps YoY in spite of 19.9% increase in D&A due to capex 95.5 +36.3% +42.3% 17.6% 130.2 13.9% 12.4% 102.7 Net profit margin +130bps YoY also thanks to 53.0% reduction in financial expense . Proposed dividend distribution of €0.66 per share (~31% pay-out), +10% 2021 dividend¹ FY 2021 FY 2022 EBITDA is calculated by adding amortisation/depreciation expenses to operating profit/loss. 72.2 FY 2021 FY 2022 +45.4% 10.0% 8.6% 74.2 51.0 FY 2021 FY 2022 Adjusted EBITDA excludes non recurring items, linked to Covid-19 related expenses and non-monetary costs of the stock incentive plans (€583k in FY 2022 and €916k in FY 2021). Reported EBITDA €129.6m, +37.0% YoY. Subject to approval by the Ordinary Shareholders' Meeting scheduled on 27 April 2023. 1. 16

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