Eurotech S.p.a. · MIL:ETH

Eurotech — FY2019 Earnings Presentation

16 slides from Eurotech's earnings presentation, Mar 13, 2020

1. Slide 1: 2019 Full Year Results Conference Call

   2019 FULL YEAR RESULTS CONFERENCE CALL March 13th, 2020

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: Financial Highlights

   FINANCIAL HIGHLIGHTS 31 December 2019 3 3

4. Slide 4: Revenues

   REVENUES 31 December 2019-2018 (€/000) 120 100 80 60 40 20 - 2019 12M 2018 4

5. Slide 5: Revenues by Geographic Area

   REVENUES BY GEOGRAPHIC AREA 31 December 2019-2018 (€/000) €'000 12M 2019 % 12M 2018 % var. % BREAKDOWN BY GEOGRAPHIC AREA European Union 24.632 24,2% 16.048 20,3% 53,5% United States 46.669 45,8% 33.061 41,8% 41,2% Japan 26.752 26,2% 26.326 33,3% 1,6% Other 3.920 3,8% 3.648 4,6% 7,5% TOTAL SALES AND

6. Slide 6: Gross Profit Margin

   GROSS PROFIT MARGIN 31 December 2019-2018 (€/000) 60 50.9% 50 40 47.5% 30 20 10 - 12M 2019 2018 6

7. Slide 7: EBITDA

   EBITDA 31 December 2019-2018 (€/000) 25 20.1% 20 20,535 15 10 10.3% 5 8,128 - 12M 2019 2018 7

8. Slide 8: EBIT

   EBIT 31 December 2019-2018 (€/000) 18 16.3% 16 14 12 10 8 7.4% 6 4 2 - 12M 2019 2018 8

9. Slide 9: Group's Net Result

   GROUP’s NET RESULT 31 December 2019-2018 (€/000) 18.9% 7.2% 5,682 12M 2019 2018 9

10. Slide 10: Net Debt

    NET DEBT 31 December 2019-2018-2017 (€/000) at Dec 31, 2019 at Dec 31, 2019 at Dec 31, 2018 at Dec 31, 2017 (NO IFRS 16) 10

11. Slide 11: Equity, Cash and Net Debt

    EQUITY, CASH AND NET DEBT 31 December 2019-2018 (€/000) 140.000 120.000 100.000 80.000 60.000 30,687 13,196 12,249 40.000 20.000 930 0 at Dec 31, 2019 at Dec 31, 2018 SHAREHOLDERS' EQUITY NET FINANCIAL POSITION CASH & CASH EQUIVALENTS 11

12. Slide 12: Net Working Capital

    NET WORKING CAPITAL 31 December 2019-2018-2017 (€/000) at Dec 31, 2019 at Dec 31, 2018 at Dec 31, 2017 12

13. Slide 13: Employees

    EMPLOYEES Headcount at the end of each period 0 0 0 0 0 at Dec 31, 2019 at Dec 31, 2018 at Dec 31, 2017 13

14. Slide 14: Consolidated Income Statement

    CONSOLIDATED INCOME STATEMENT €'000 12M 2019 % 12M 2018 % OPERATING RESULTS SALES REVENUES 101,973 100.0% 79,083 100.0% GROSS PROFIT 51,951 50.9% 37,556 47.5% EBITDA 20,535 20.1% 8,128 10.3% EBIT 16,611 16.3% 5,844 7.4% PROFIT (LOSS) BEFORE TAXES 16,125 15.8% 5,624 7.1% GROUP NET PROFIT (LOSS) FOR T

15. Slide 15: Consolidated Balance Sheet

    CONSOLIDATED BALANCE SHEET at Dec 31, 2019 at Dec 31, 2018 at Dec 31, 2019 at Dec 31, 2018 (€'000) (€'000) LIABILITIES AND EQUITY Share capital 8,879 8,879 ASSETS Share premium reserve 136,400 136,400 Intangible assets 88,905 85,369 Other reserves (20,623) (43,237) Property, Plant and equipment 6,56

16. Slide 16: Thank You!

    Thank You! www.eurotech.com

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