Eurotech S.p.a. · MIL:ETH

Eurotech — 9M 2018 Earnings Presentation

14 slides from Eurotech's earnings presentation, Nov 14, 2018

1. Slide 1: 2018 Nine Months Results Conference Call

   2018 NINE MONTHS RESULTS CONFERENCE CALL November 14th, 2018

2. Slide 2: Disclaimer

   Disclaimer This presentation has been prepared by Eurotech S.p.A. (or “Eurotech”) and has to be read in conjunction with its oral presentation. The information contained in this presentation does nor purport to be comprehensive. Neither Eurotech nor any of its officers, employees, advisers or agents

3. Slide 3: Revenues

   REVENUES 30 September 2018-2017 (€/000) 60 +49.1% 50 40 30 20 10 - 2018 9M 2017 3

4. Slide 4: Revenues by Geographic Area

   REVENUES BY GEOGRAPHIC AREA 30 September 2018-2017 (€/000) 9M 2018 % 9M 2017 % var. % BREAKDOWN BY GEOGRAPHIC AREA European Union 11,354 19.9% 5,397 14.1% 110.4% United States 24,513 43.0% 15,833 41.4% 54.8% Japan 18,854 33.1% 16,242 42.5% 16.1% Other 2,253 4.0% 734 1.9% 206.9% TOTAL SALES AND SERVI

5. Slide 5: Gross Profit Margin

   GROSS PROFIT MARGIN 30 September 2018-2017 (€/000) 30 48.2% 25 20 47.8% 15 10 5 - 9M 2018 2017 5

6. Slide 6: EBITDA

   EBITDA 30 September 2018-2017 (€/000) 7 9.8% 6 5 5,611 4 3 2 1 -7.5% - (1) - (2) (3) (4) 9M 2018 2017 6

7. Slide 7: EBIT

   EBIT EBIT & EBIT adj - 30 September 2018-2017 (€/000) 6.0 7.3% 7.3% 4.0 No price allocation effect in 2018 2.0 0.0 - - -2.0 -4.0 -12.3% -6.0 -16.9% -8.0 2018 2017 9M 9M adj 7

8. Slide 8: Group's Net Result

   GROUP’s NET RESULT Group’s net results & Group’s net results adj, 30 September 2018-2017 (€/000) 4.0 5.9% 5.9% 2.0 No price allocation 0.0 effect in 2018 - - -2.0 -4.0 -6.0 -15.7% -18.7% -8.0 2018 2017 9M 9M adj 8

9. Slide 9: Equity, Cash and Net Debt

   EQUITY, CASH AND NET DEBT 30 September 2018 and 31 December 2017 (€/000) 145.000 125.000 105.000 85.000 65.000 45.000 25.000 5.000 at Sep 30, 2018 at Dec 31, 2017 -15.000 SHAREHOLDERS' EQUITY NET DEBT CASH & CASH EQUIVALENTS 9

10. Slide 10: Net Working Capital

    NET WORKING CAPITAL 30 September 2018, 31 December 2017 and 30 September 2017 (€/000) at Sep 30, 2018 at Dec 31, 2017 at Sep 30, 2017 10

11. Slide 11: Employees

    EMPLOYEES Headcount at the end of each period 0 0 0 0 0 at Sep 30, 2018 at Dec 31, 2017 at Sep 30, 2017 11

12. Slide 12: Consolidated Income Statement

    CONSOLIDATED INCOME STATEMENT 9M 2018 9M 2017 OPERATING RESULTS €'000 9M 2018 % 9M 2017 % % % adjusted adjusted SALES REVENUES 56,974 100.0% 38,206 100.0% 56,974 100.0% 38,206 100.0% GROSS PROFIT 27,480 48.2% 18,270 47.8% 27,480 48.2% 18,270 47.8% EBITDA 5,611 9.8% (2,863) -7.5% 5,611 9.8% (2,863) -

13. Slide 13: Consolidated Balance Sheet

    CONSOLIDATED BALANCE SHEET (€'000) at Sep 30, 2018 at Dec 31, 2017 (€'000) at Sep 30, 2018 at Dec 31, 2017 ASSETS LIABILITIES AND EQUITY Intangible assets 82,886 79,968 Share capital 8,879 8,879 Property, Plant and equipment 2,456 2,436 Share premium reserve 136,400 136,400 Investments in affiliates

14. Slide 14: Thank You!

    Thank You! www.eurotech.com

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