Edil San Felice S.p.a. · MIL:ESF
Edil San Felice — Non-Deal Roadshow (May 2025)
29 slides from Edil San Felice's roadshow presentation, May 6, 2025
Slide 1: Investor Presentation
INVESTOR PRESENTATION May 6, 2025 1
Slide 2: Disclaimer
DISCLAIMER “This document (the “Document”) has been prepared by Edil San Felice S.p.A. S.B. (“Edil San Felice”) The Document is confidential in nature and is for the internal use of the recipient (hereinafter the “Recipient”) who, upon receiving it, agrees not to distribute, make known or quote the
Slide 3: People Speaking Today
PEOPLE SPEAKING TODAY LORENZO DI PALMA VINCENZO DI PIETRO MARIKA SGRITTO CEO & FOUNDER CFO IR +20 years of experience at +25 years of experience in Graduate in Business Economics Edil San Felice accounting finance and control for Master’s degree in Finance 3rd generation - Funding Family companies i
Slide 4: ESF Business Overview Model
1. ESF BUSINESS OVERVIEWMODEL 4
Slide 5: 2025 Highlights
2025 HIGHLIGHTS EcoVadis 315 +40 223 Scorecard employees years of history vehicles +76 compared to 2023 +73 compared to 2023 16 16 +51 Mn 136,1 Mn certifications SOA categories value of production backlog vs 45.8 million euros in vs euro 81.5 million in the previous year 2023 (+12.7%) (+67%) Scan to
Slide 6: A 40+ History of Growth and Diversification
A 40+ HISTORY OF GROWTH AND DIVERSIFICATION New branch in Emilia Romagna 2 SITES +1 in progress ESF lands on Euronext Growth Milan on 27 September 2023, first day of trading on the Euronext Growth Milan market. Bologna 51,6 45,8 The San Felice cooperative is born Lorenzo Francesco Di Palma founded 3
Slide 7: Who We Are
WHO WE ARE VISION WE ARE SPECIALIZED IN: Edil San Felice provides maintenance services Road Maintenance of highways, primarily to highways and airports (substitution of safety To be a national leader maintenance bridges, viaducts, airport, etc.. barriers, road signs, damage repairs, etc.), improving
Slide 8: Who We Are
WHO WE ARE As part of the project to strengthen its organizational and managerial structure, the Company established segmented its order book into six business lines: 2. EDILIZIA CIVILE 3. GRANDI 6. CANTIERI 1. MOR 4. SERVIZI 5. IMPIANTI E INDUSTRIALE OPERE PUNTUALI Opere in verde Ristrutturazione O
Slide 9: What We Do
WHAT WE DO Edil San Felice provides a complete offer of infrastructure services of Ordinary and Extraordinary Maintenance works primarily for highways (like supply and installation of safety barriers and road signs) but also for other infrastructures (e.g. Airports). While the ordinary maintenance g
Slide 10: Full Control Over the Awarding and Execution Process
FULL CONTROL OVER THE AWARDING AND EXECUTION PROCESS PARTICIPATION We have a Tender&Order’s team with a high degree of specialization and AWARDING a long experience ESF has signed new executive contracts for a total value of Eu107,1mn (1) Average of 2 months between tender awarding and project start
Slide 11: Our Main Project
OUR MAIN PROJECT GARGASSA VIADUCT CONTROL ROOM ALENTO VIADUCT MOR CASSINO AVIO (Liguria) (Lazio) (Abruzzo) (Campania) (French Guiana) Value: c.a. € 4 mn Value: c.a. € 1.5 mn Value: c.a. € 5.4 mn Value: c.a. € 8.6 mn Value: c.a. € 2.8 mn Ongoing Ended Ongoing Ongoing Ongoing Extraordinary Extraordina
Slide 12: ESF Sector & Market Highlights
2. ESF SECTOR & MARKET HIGHLIGHTS 12
Slide 13: The Italian Infrastructure Maintenance Market
THE ITALIAN INFRASTRUCTURE MAINTENANCE MARKET The Italian infrastructure maintenance market has unique characteristics, due to the country's history and configuration, and offers great opportunities, especially with the support of European funds and renewed interest in safety and sustainability. The
Slide 14: Critical Infrastructure in Crisis
CRITICAL INFRASTRUCTURE IN CRISIS Edil San Felice is primarily active in the maintenance works of highway infrastructures, with some minimal exposure also to airports. In the former vertical, Autostrade per L’Italia and ANAS are the main players, representing, respectively, 36% and 24% of the total
Slide 15: ESF 2024 Overview
3. ESF 2024 OVERVIEW 15
Slide 16: Edil San Felice in a Snapshot
EDIL SAN FELICE IN A SNAPSHOT Total Backlog New orders Revenues EBITDA Net Income €136.1mn (1) €28.8mn €51.6mn €9.4mn €6.5mn Hard Backlog: € 84.9mn From January to Higher than Positive despite a Maintained positive Soft Backlog: € 51.2mn March 2025 FY23 revenues (+12,7%) significant increase in serv
Slide 17: Snapshot of FY24 Results: Backlog
SNAPSHOT OF FY24 RESULTS 8.027.484 €; 6% Backlog (in €mn) 780.813 €; 1% ~136.1 as at 31 Dec 2024 9.449.178 €; 7% N.D. +67% vs. 81.5 P01 - MOR 52.017.908 €; 38% FY23 P02 - EDILIZIA Hard Backlog: € 84.9mn 33.530.400 €; 25% 136,1 Mn P03 - GRANDI OPERE Soft Backlog: € 51.2mn (1) P04 - SERVIZI P05 - IMPI
Slide 18: Snapshot of FY24 Results: Production Value and EBITDA
SNAPSHOT OF FY24 RESULTS 51.597 € 45.802 € Value of Production (in €mn) 51.6 In 2024, the Value of Production increased by 12.7% to €51.6 million, +12,65% vs. 45.8 driven by steady activity in ordinary maintenance and the launch of FY23 major infrastructure projects in several Italian regions under
Slide 19: Snapshot of FY24 Results: Net Debt
SNAPSHOT OF FY24 RESULTS Net Debt (in €mn) 5.092 2.8 vs. 5.1 2.820 FY2023 Cash Positive 2024 2023 Net Financial Debt (positive) for the year amounted to 2.8 million euros of net cash, compared to 5.1 million euros recorded as of December 31, 2023. This result results from the combined effect of: 1)
Slide 20: ESF Overview Key Facts
4. ESF ESF OVERVIEW KEY FACTS 20
Slide 21: Key Facts
KEY FACTS 1. EDIL SAN FELICE ESTABLISHES TWO NEW BUSINESS UNITS The corporate reorganization of Edil San Felice involves the establishment of two Business Units: i) Business Unit Operations (“BUOP”) for the management and implementation of orders relating to the ordinary and extraordinary maintenanc
Slide 22: Key Facts: Road to 2025
KEY FACTS DEC – 24: Edil San Felice obtained a contract from ANAS for a total of €30 million, as part of a temporary grouping with Fenix Consorzio Stabile Scarl and Lgm Srl. Edil San Felice's share for the execution of the works, amounting to €12.9 million, further consolidates its position in the s
Slide 23: Sustainable Supply Chain Management; Innovation & Digitalization
SUSTAINABLE SUPPLY CHAIN MANAGEMENT ESF is involved in some projects to ensure circular management of materials and sustainable procurement: Return of used batteries with the aim Using Mapei’s sustainable mortars Production and consumption of renewable energy with of regenerating them In building wo
Slide 24: Appendix
7. APPENDIX ar Foard 24
Slide 25: Balance Sheet
Balance Sheet (i) Net Working Capital is calculated as the sum of inventories, trade receivables, trade payables, other current assets, other current liabilities, tax receivables and payables, and net accruals and deferrals. Net Working Capital is not identified as an accounting measure by the relev
Slide 26: Profit & Loss
Profit & Loss (i) As a percentage of Production Value (ii) EBITDA is the operating result before income taxes, financial income and expenses, depreciation and amortisation of fixed assets, impairment and provisions for risks and charges. EBITDA is not identified as an accounting measure under nation
Slide 27: Financial Debt
Financial Debt (i) As a percentage of Production Value (ii) EBITDA is the operating result before income taxes, financial income and expenses, depreciation and amortisation of fixed assets, impairment and provisions for risks and charges. EBITDA is not identified as an accounting measure under natio
Slide 28: Cash-flow statement
Cash-flow statement As at 31 December ‘Cash Flow 2024 2023 (Figures in thousands Euro) EBITDA 9.427 11.632 {nventories (77.058) (2.820) Trade receivables 5.666 (6.912) Trade payables 700 938 A of Operating Working Capital (4.692) (7.795) Other current assets 566 (458) Other current liabilities 102 1
Slide 29: Question & Answer
QUESTION & ANSWER CONTACTS Thank you for the attention! Via On.le Davide Barba S.C. 80035 - Nola (NA) +39 081 213 86 info@edilsanfelice.it ir@edilsanfelice.it