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Investor Presentaiton

Focus on Capex € MIn Total Ordinary Business 8.1 Business Upgrade 23.9 New Business Line 10.9 10.9 28.9 29.7 Capex 2022 Capex 2023 47.9 > 64.6 SALCEF GROUP 2023 Capex expected materially higher YoY reaching the peak at € 64.6 mln (+35%) Ordinary business flat confirming historical trend Business Upgrade mainly focused on new machines for Track & Light Civil Works and Rail Grinding & Diagnostics (€ 18 mln) Approx. € 10 mln for the development of new production plants for Railway Machines and Railway Materials Ordinary Business: investments to maintain of existing production capacity, the quality standards required by customers and the achievement of budget objectives Business upgrade: investments to upgrade existing production lines, with new plants, machinery or equipment, allowing for an increase in production capacity New business line: investments related to the design and production of new products in order to open new strategic business lines 44
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