Slide 1: 2025 first half results
2 0 2 5 f i r s t h a l f re s u l t s INVESTORS LIVE STREAMING PR ESEN TA TION
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
Slide 3: New Leadership Driving Transformation
New Leadership Driving Transformation Massimo Milan, CEO CEO Appointment – 5 June 2025 Business Transformation Strategic Expertise Proven track record in Deep experience in strategy complex turnaround design, financial planning, situations with sustainable and operational cost results efficiency Ind
Slide 4: Core Strengths: Foundation for Growth
what I have found Core Strengths: Foundation for Growth Digital Technology DNA Strong foundation in digital technology with proven track record in high-performance hardware and edge software solutions. Innovation Brand Reputation Recognized player with established credibility in delivering cutting-
Slide 5: A strategic plan for next years: #rethink pillars
work in progress a strategic plan for next 3 to 5 years Pillars of our #rethink initiative: Reclaim Engineering Excellence Combine hardware and software building blocks into customer-focused unique solutions that leverage our core DNA. Affirm Cybersecurity Leadership Strengthen our position as the p
Slide 6: Business update
@eurotech business update UNLEASHING THE POWER OF THE EDG
Slide 7: H1 2025 financial highlights
H1 2025 financial highlights Q2 revenues up sequentially as expected (+57% QoQ) but H1 still down 26.6% YoY following the weak order intake in H2 last year Gross Profit Margin @ 49.3% in line with Q1-25 and H1-24, small variation linked to product mix OPEX down 2.4M€ YoY which become 3.3M€ net of no
Slide 8: TTM order / revenues ratio > 1.2
TTM order / revenues ratio > 1.2 and steadily > 1 since April #8
Slide 9: Opex optimization update
opex optimization update Not just reduction but also redesign of organizational structure Stronger integration of functions between subsidiaries and Italian headquarters USA & UK focusing only on Go-to-market & Sales Trimming external services and promoting insourcing Constant focus on cost manageme
Slide 10: Macro-economic scenario: a mix of turbulence, uncertainty and opportunities
macro-economic scenario: a mix of turbulence, uncertainty and opportunities US tariffs shaking global trade with several companies choosing a wait-and-see approach Geopolitical events keeping market volatility at high levels European industrial sector recovery needing more time to materialise, few s
Slide 11: Road ahead in the short term: back to positive EBITDA in H2
road ahead in the short term: back to positive EBITDA in H2 H2 >> H1 H2-25 > H2-24 confirming trend inversion Order intake at the end of August has already matched the FY-24 figure No direct impact from tariffs in H1. Watching out on potential impacts going forward since current deals are not writte
Slide 12: Financial update H1 2025
financial update H1 2025 #12
Slide 13: Revenues following weak order intake in H2-24
revenues following weak order intake in H2-24 but Q2 showing signs of trend inversion All values in € million 29.3 0.1 -4.0 #Legacy embedded business 21.5 impacted by contraction in US -3.9 #Edge AIoT contracting mainly due to economic crisis in Germany in H2 2024 H1 FX Delta edge Delta H1 24 AIoT e
Slide 14: EU area consolidates first place
EU area consolidates first place revenues breakdown by end-customer location other other 7.9 8.2 #Europe confirmed as first market % % despite weakness in Germany JP 24.0 % #Japan consolidating second place H1 JP 36.7 H1 49.0 2024 2025 51.5 % % EU #US shrinking in absolute value % EU following tradi
Slide 15: EBITDA helped by lower break-even point
EBITDA helped by lower break-even point opex reduction partially compensate top line weakness All values in € thousand 409 -15 -3,096 3,295 -3,490 -267 -4,047 -1,236 -5,283 -3,898 -81 EBITDA Non Fx rate EBITDA ADJ Lower Lower Opex Other EDITDA ADJ Non EBITDA H1 24 Act recurring effect H1 24 Act Volu
Slide 16: Balance sheet affected by reduction of NWC
balance sheet affected by reduction of NWC NFP improving 1.7M€ vs year-end 2024, NWC down 5.2M€ vs year-end 2024 driven by collection with positive operating cash flow despite negative of trade receivables and reduction of current liabilities EBITDA including the payables All values in € million 14.
Slide 17: Key takeaways H1 2025
@eurotech key takeaways H1 2025 UNLEASHING THE POWER OF THE EDG
Slide 18: Key takeaways
key takeaways Order booking growing steadily with H1 revenues down 26.6% but H2 TTM Book-to-bill ratio back to > 1 showing sings of trend inversion since April GPM stable YoY and Net Opex No direct impact from tariffs in H1. (running costs) down 2.4M€ YoY Watching out on potential impacts mitigating