Slide 1: Company Presentation June 2022
COMPANY PRESENTATION JUNE 2022
Slide 2: Innovation-Driven Work Culture: Vision, Mission, Values
INNOVATION-DRIVEN 2 WORK CULTURE VISION MISSION VALUES The world has been The companies in Many companies have recognising the history and SOMEC Group strive for practical project management culture of Italian construction and place innovative tailored and engineering capability, solutions for more
Slide 3: From Local Company to International Group (2013-2017)
FROM LOCAL COMPANY 3 TO INTERNATIONAL GROUP 2013 2014 2015 2016 2017 YEAR OF FOUNDATION NEW WHERE SKY BUOYANT SOMEC TAKES SOMEC TAKES OVER AND SPECIALISATION MANAGEMENT AND SEA MEET SHIPBUILDING OVER OXIN INOXTREND AND IN MARINE GLAZING INDUSTRY CREATES A START-UP In 1978, in the north-east of The s
Slide 4: From Local Company to International Group (2018-2022)
FROM LOCAL COMPANY 4 TO INTERNATIONAL GROUP 2018 2019 2020 2021 2022 STOCK MARKET SOMEC TAKES OVER TSI THE GROUP EXPANDS SOMEC LAUNCHES DEVELOPMENT OF LISTING AND AND COMPLETES ITS AND CONSOLIDATES A NEW GROUP MESTIERI AND THE NEW TAKEOVERS SEASCAPE STRATEGY ITS CENTRALISATION IDENTITY AMERICAN MARK
Slide 5: Segments and Companies
SEGMENTS AND COMPANIES TOTAL REVENUES (€m) 1H 2021 SUSTAINABILITY 5 SOMEC has made a commitment to 127.975 sustainability, a responsibility shared Buoyed by a reputation built on the results by every business area. FY 2020 of corporate growth and development, 223.424 the SOMEC Group has become a wor
Slide 6: Project Cycle
PROJECT 1 3 5 6 CYCLE PRE-SALES SELECTING MATERIALS INSTALLATION The most complex phase, The SOMEC Group works With more than 300 major which includes references, with different materials projects delivered, tested preliminary engineering depending on the sector. and approved, the SOMEC Group with t
Slide 7: Together for a Successful Business
TOGETHER FOR A MANAGEMENT SHAREHOLDING STRUCTURE OF SOMEC SPA 7 SUCCESSFUL BUSINESS 0.26% Treasury shares 24.41% Free float Since 2013 the SOMEC Group management team have been committed to a long-term growth strategy, with a shared vision 0.33% Oscar of maintaining the company’s standing as a hub o
Slide 8: Total Internal Management
TOTAL INTERNAL 8 MANAGEMENT 14% 14% The SOMEC model sets itself apart thanks ADMINISTRATION RESEARCH, to the development of original systems AND STAFF Creating a profitable DEVELOPMENT AND ENGINEERING and the in-house management of the business Focusing on design, 112 115 engineering and entire prod
Slide 9: Engineered Systems of Naval Architecture and Building Façades
ENGINEERED SYSTEMS 9 OF NAVAL ARCHITECTURE AND BUILDING FAÇADES The SOMEC Group is one of the major players in North America and Europe when it comes to the design, procurement, production, installation and maintenance of innovative solutions and original building and ship construction systems chara
Slide 10: The Companies
ENGINEERED SYSTEMS OF NAVAL ARCHITECTURE AND BUILDING FAÇADES 10 THE COMPANIES Innovative, high-performance Façade systems for all types Construction and installation glass enclosures for cruise of buildings, encompassing of curtain walls, doors and ships, quality endorsed by the idea of architects,
Slide 11: Focus on USA, Focus on Europe
FOCUS FOCUS EPFL ME BÂTIMENT DES NEUROPROSTHÉTIQUES ON USA ON EUROPE Ecublens - Lausanne NEW YORK’S CLIMATE CHANGE FACADES MARKET TRENDS LEGISLATION IS RESULTING IN EUROPE: SOCIAL ASPECTS, IN THE CITY CHANGING FACE SAFETY AND SUSTAINABILITY AND SHOWING A NEW LOOK ARE THE KEY DRIVERS The City of New
Slide 12: Selected Projects: Costa Smeralda, Enchanted Princess, 2050 M Street
12 COSTA SMERALDA ENCHANTED PRINCESS 2050 M STREET COSTA CROCIERE PRINCESS CRUISES WASHINGTON, DC TWA FLIGHT CENTER HOTEL NORWEGIAN JOY BULFINCH CROSSING WPB1 JAMAICA QUEENS, NY NORWEGIAN CRUISE LINE BOSTON, MA
Slide 13: Professional Kitchen Systems and Products
PROFESSIONAL 14 KITCHEN SYSTEMS AND PRODUCTS The SOMEC Group designs integrated, bespoke systems for professional kitchens, which harmoniously combine high-end aesthetics and superior performance levels. Turnkey solutions for the catering and hospitality industry, characterised by endorsed standards
Slide 14: The Companies
PROFESSIONAL KITCHEN SYSTEMS AND PRODUCTS 15 THE COMPANIES Turnkey ship catering solutions, Bespoke professional kitchens with management of the entire with high performance and product cycle, from customised reliability characteristics, design through to production supporting international chefs an
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Slide 16: Mestieri: Design and Production of Bespoke Interiors
MESTIERI: DESIGN 17 AND PRODUCTION OF BESPOKE INTERIORS The SOMEC Group delivers bespoke interior design projects. Fluid settings, characterised by sophistication and attention to detail, which emphasise the beauty in that detail, and understand and satisfy customer requirements. High-calibre expert
Slide 17: The Made-in-Italy Ability to Create the Overall Growth of the Group
THE 18 MADE-IN-ITALY ABILITY TO CREATE THE OVERALL GROWTH OF THE GROUP
Slide 18: The Companies: Design and Production of Bespoke Interiors
DESIGN AND PRODUCTION OF BESPOKE INTERIORS 19 THE COMPANIES Fully personalized interior design solutions for various high-end settings, made with noble materials expertly processed using cutting-edge techniques. Sophisticated creations that make an impact, perfectly blending perfectionism and genius
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Slide 20: Global Delivery
GLOBAL 21 DELIVERY * ** * Preliminary agreement ** Non-binding LOI
Slide 21: Target Markets & Business Segments
TARGET MARKETS & BUSINESS SEGMENTS RIDING THE MOST ATTRACTIVE MARKET TRENDS
Slide 22: Building Façades
BUILDING FAÇADES 23 In countries such as the United States, China, Germany Due to their heat capacity, continuous façades will Finally, continuous façades also come in super-jumbo and the UK, the post-COVID 19 financial support also see considerable growth in the residential sector, format, which is
Slide 23: Naval Architecture
NAVAL ARCHITECTURE 24 ORDER BOOK 2021 > 2025 The cruise industry is forecasting 31.7 million passengers in 2022 (compared with 27.8 in 2019), reaching 38.7 million in 2027. 2021 2022 2023 2024 2025 SHIPS COMMISSIONED nr 26 29 22 11 11 AVERAGE DIMENSIONS tonnes 58,452 74,956 103,167 120,027 111,132 A
Slide 24: High-End Catering
HIGH-END CATERING 25 In an era of growing interest in high-end cuisine, the professional MARKET SIZE (USD) / 2020 MARKET TREND (CAGR) equipment market for exclusive catering is flourishing. WORLD WORLD Of approximately 16,000 Michelin restaurants, more than 20% have a star rating and the figure is i
Slide 25: Mestieri: Strategic Development Line
MESTIERI: STRATEGIC DEVELOPMENT LINE 26 HIGH-END HOTELS PRIVATE HOUSES & FLATS LUXURY RETAIL SUPERYACHTS > 7,000 > 500,000 > 6,000 821 New hotels in the world Ultra high-net-worth individual Stores luxury brands in Europe New superyachts in order (2021) (2021) and North America (2021) in the world (
Slide 26: SOMEC S.p.A. Key Figures FY 2021
SOMEC S.P.A. KEY FIGURES FY 2021
Slide 27: Trend Line
TREND LINE 28 Track records of growth. 258.5 251.4 223.4 Revenues € million 165.5 Value of production* 87.0* € million 75.8* 49.8* 30.7* 41.7* 1978 1993 2013 OIC 2014 OIC 2015 OIC 2016 OIC 2017 OIC 2018 IFRS 2019 IFRS 2020 IFRS 2021 IFRS Somec, founded Startup of Oscar Marchetto Acquisition Oxin Sta
Slide 28: Backlog Analysis
BACKLOG ANALYSIS 29 921 €m Backlog (31.12.2021) 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 3 .3 % 2 3 .5 % 2 1 .4 % 1 1 .5 % 1 0 .2 % 6 .4 % 2 .4 % 1 .4 % 0 ,2 % BACKLOG (31.12.2021) SEASCAPE BACKLOG (31.12.2021) BREAKDOWN BY BUSINESS ACTIVITIES BREAKDOWN BY CRUISE OPERATOR SEASCAPE SEASCAPE L A
Slide 29: Key Figures: Revenues and Turnover Breakdown
KEY FIGURES 30 FY 2021 TURNOVER BREAKDOWN FY 2021 TURNOVER BREAKDOWN REVENUES €m - IAS/IFRS BY GEOGRAPHIC AREA BY BUSINESS ACTIVITIES SEASCAPE L A N D SCAPE 3.8% 250 public areas 7.6% Rest of world 11.5% interiors 29.1% professional 200 cooking equip. 32.3% Italy marine glazing 150 40% +15.7% North
Slide 30: Key Figures: EBITDA and Net Profit Bridge
KEY FIGURES BRIDGE FROM EBITDA TO NET PROFIT FY 2021 31 €m - IAS/IFRS 23.0 4.1 -15.9 EBITDA & MARGIN €m - IAS/IFRS (7,.5) 20.0 -0.5 8.5 -2.3 25 EBITDA D&A Financial income Taxes Minorities 3.7 NET FY 2021 PROFIT NFP BRIDGE €m - IAS/IFRS 20 15 10 128.0 18.7 23.0 5 8,4% 8,9% 0 FY 2020 FY 2021
Slide 31: Financial Results: Income Statement and Balance Sheet
FINANCIAL RESULTS 32 INCOME STATEMENT BALANCE SHEET
Slide 32: Financial Results: Net Financial Position and Cash Flow
FINANCIAL RESULTS 33 NET FINANCIAL POSITION CASH FLOW STATEMENT
Slide 33: Contacts
CONTACTS Investor Relations Office Phone:+39 0438 471998 Email: investorrelations@somecgruppo.com SOMECGRUPPO.COM