Slide 1: 1H 2023 Results
TH 2 esults July 27, 2023 FINCANTIERI www.fincantieri.com
Slide 2: Declaration of the executive in charge of accounting documents
Pursuant to art. 154-BIS, par. 2, of the Unified Financial Act of February 24, 1998, the executive in charge of preparing the corporate accounting documents at Fincantieri, Felice Bonavolontà, declares that the accounting information contained herein correspond to document results, books and account
Slide 3: Agenda
Slide 4: Highlights
1H 2023 Results FINCANTIER! 1H 2023 Highlights (€ min) Revenues EBITDA Order Intake Net Financial Position 3,510 3,669 1,524 a 2,531 Boe 185 LJ . g@ | 1H 2022 1H 2023 1H 2022 1H 2023 1H 2022 1H 2023 FY 2022 1H 2023 e Revenues at € 3,669 min, up by 4.5%, in line with expectations @ EBITDA at € 185 mi
Slide 5: Agenda
Slide 6: Business operating performance consistent with targets
1H 2023 Results FINCANTIER! Business operating performance consistent with targets Cruise Ql = Floating out of “Sun Princess” the first of two LNG (liquefied natural gas) cruise ships for Princess Cruises = US Navy: delivery of the Littoral Combat Ship «USS Marinette» = Order of four Commissioning S
Slide 7: Sector leadership with top-notch ESG rating
1H 2023 Results FINCANTIER! Sector leadership with top-notch ESG rating WeppP A- (D>A) S&P Global 61° (0>100) Ratings OT Bovranasrns ~ ae [RATED | Teens (40>0) and scores 70° (0>100) . ae) Moopy’s | £56 Solutions (advanced) 5 70 (0>100) ya GY & di Bilancio Awards As of June 16, 2023 Last full update
Slide 8: Total backlog and ship deliveries
1H 2023 Results FINCANTIERI Total backlog of € 32.9 bn equal to 4.4x 2022 Revenues Soft Backlog at € 10.9 bn further supporting the commercial pipeline (1.5x 2022 Revenues) Shipbuilding — Cruise Segment Shipbuilding — Naval Segment Offshore & Specialized Vessels #ship deliveries #ship deliveries #sh
Slide 9: Business
Business
Slide 10: Order Intake & Total Backlog
1H 2023 Results 1H 2023 Order Intake & Total Backlog Order Intake breakdown by segments Total backlog breakdown by segment! (€ min) (€ min) 4b 34,567 2,134 Sass 32,936 10,500 10,500 10,900 1,524 Backlog Backlog Backlog 24,067 | 25326 22,036 “— 18,589 1,106 835 (141) (71) (401) (294) (386) 1H 2022 1H
Slide 11: Revenues
1H 2023 Results FINCANTIER! Revenues Revenues breakdown by segment! enn +4.5% Revenues up 4.5% at € 3,669 min = Cruise accounting for 49.3% and Naval for 24.3% of total revenues, respectively at € 1,970 min and € 972 min = Offshore & Specialized Vessels revenues at € 482 min up 27.9% YoY = Equipment
Slide 12: EBITDA
1H 2023 Results EBITDA EBITDA breakdown by segment! min 185 90 1.2% 7 (21) 1H 2022 Offshore & HE shipbuitaing Specialized Vessels 1, Breakdown calculated before eliminations Figures subject to rounding. 1H 2023 [HE Equipment, Systems Eliminations & Infrastructure FINCANTIER! EBITDA at € 185 min with
Slide 13: Net result
1H 2023 Results FINCANTIER! Net result Walk EBITDA to Net loss (Emin) Net result for 1H 2023 negative at € 22 min despite positive business operating performance impacted by: = Financial expenses at € 74 min = Extraordinary items at € 33 min for asbestos related litigations costs (114) 13
Slide 14: Net Financial Position & Net Working Capital
1H 2023 Results FINCANTIER! Net Financial Position & Net Working Capital Net Working Capital! Net Financial Position? breakdown by component breakdown by component (€ min) (€ min) Bleue altos Hh) see) + Net financial position at € 2,813 i) eae2s} yay 1H 2023 min, in line with production schedule for
Slide 15: Agenda
Slide 16: Cruise and Environmental Sustainability
1H 2023 Results FINCANTIER! Cruise and Environmental Sustainability Market outlook = Global fleet back in operation with occupancy above the 100% mark: occupancy Gap vs. 2019 nearly closed = Value proposition gap between cruises and land-based holidays further shifting towards cruising = Resumption
Slide 17: Naval and Offshore
1H 2023 Results Naval and Offshore = Defence budgets have been revised upwards, also according to NATO guidelines, and is expected to further increase globally by 5.9% in 2023! reaching USD 2.3 bn FINCANTIER! = Defence budget allocated to navy procurement estimated at 6.5% of global budget Increased
Slide 18: Agenda
Slide 19: Concluding remarks and 2023 targets confirmed
1H 2023 Results FINCANTIER! Concluding remarks 1 H 2023 * Solid top line up mid-single digit and positive EBITDA margin at 5.0%, in line with 2023 targets + Adjusted net profit at € 3 mln, before asbestos-related extraordinary or non recurring items * Operations in full swing + Well on track and ful
Slide 20: Q&A
Slide 21: Investor relations contacts
Investor relations contacts INVESTOR RELATIONS TEAM Paola Dimario +39 040 319 2279 paola.dimario@fincantieri.it Caterina Venier Romano +39 040 319 2229 caterina.venierromano@fincantieri.it INSTITUTIONAL INVESTORS investor.relations@fincantieri.it INDIVIDUAL SHAREHOLDERS azionisti.individuali@fincant
Slide 22: Appendix
Slide 23: Focus on Shipbuilding
1H 2023 Results FINCANTIER! Focus on Shipbuilding Orders, backlog and deliveries Revenues EBITDA Capex * Orders: € 1,106 min (€ 835 min 3,035 2,972 in 1H 2022) 972 + Backlog: € 18,589 min (€ 20,908 min in 1H 2022) * Deliveries: i,970 + Viking Saturn for Viking | | * Oceania Vista for Oceania Cruises
Slide 24: Focus on Offshore
1H 2023 Results FINCANTIER! Focus on Offshore Orders, backlog and deliveries Revenues EBITDA Capex * Orders: € 817 min (€ 445 min in 1H 2022) + Backlog: € 1,408 min (€ 1,152 min in 1H 2022) Aye 482 9 * Deliveries: 376 5 i 1 Jan Mayen for the Norwegian Coast Guard * SOV for North Star 41H 2022 41H 20
Slide 25: Focus on Equipment, Systems & Infrastructure
1H 2023 Results Focus on Equipment, Systems & Infrastructure Orders, backlog and deliveries Revenues EBITDA Capex FINCANTIER! * Orders: € 382 min (€ 385 in 1H 2022) + Backlog: € 2,425 min (€ 2,408 in 1H 2022) 1H 2022 1H 2023 + Revenues at € 539 min vs € 370 + min in 1H 2022 1H 2022 1H 2023 B | EBITD
Slide 26: Business segments and product offering
• Offshore Wind • After Sales Services - Service Operation Vessel (SOV) • Ship Repairs and Conversion • Oil & Gas offshore • Complete Accommodation All cruise ships: • Surface Vessels - Offshore Support Vessel (OSV) • Maritime systems & components - Luxury/Niche • Auxiliary & Special Vessels • Spec
Slide 27: Fincantieri
FINCANTIERI