Convergenze Spa Societa Benefit · MIL:CVG
Convergenze Spa Societa Benefit — FY2025 Earnings Presentation
29 slides from Convergenze Spa Societa Benefit's earnings presentation, Apr 1, 2026
Slide 1: FY2025 Results
FY2025 RESULTS APRIL 1st, 2026
Slide 2: Speakers
SPEAKERS Rosario Pingaro Grazia Pingaro Carmine Malito Rebecco Vice-Chairman and CFO Chairman and CEO Director BU Energy 2
Slide 3: Agenda
Company overview FY 2025 Financials Business Units Outlook 2026 & Strategy Final remarks Appendix 3
Slide 4: Strategic Execution in FY2025
STRATEGIC EXECUTION IN FY2025 INFRASTRUCTURE ENERGY EXPANSION STABLE OPERATING GROWTH ENVIRONMENT Market broadly in line with FY2024, 12,800 km fiber network (+15% YoY) EVO network scale-up despite softer demand Expansion in key municipalities Stronger regional positioning Geopolitical and macro vol
Slide 5: Delivering in Innovation
DELIVERING IN INNOVATION TLC ENERGY INNOVATION & DIGITAL • Fiber infrastructure • EVO network enhancement • Cloud architecture finalized expansion continued and expansion • Cybersecurity upgrade • LoRaWAN platform scaled • Proprietary POS solution implemented • Zero Trust framework • Strengthened ut
Slide 6: Entry in the Mobile TLC Market
ENTRY IN THE MOBILE TLC MARKET INTEGRATED TELECOM: MOBILE, SUSTAINABLE, AND SMART Convergenze launched “Simon”, its mobile service as a Mobile Virtual Network Operator (MVNO), in partnership with national telco Vianova S.p.A.. This move supports the company’s diversification and innovation strategy.
Slide 7: Agenda
Company overview FY 2025 Financials Business Units Outlook 2026 & Strategy Final remarks Appendix 7
Slide 8: In Depth Financial Analysis
IN DEPTH FINANCIAL ANALYSIS RESILIENT PERFORMANCE WITH SOLID OPERATING FOUNDATION €/million REVENUES REVENUES REVENUES BU TLC BU ENERGY 26.4 11.4 15.0 25.7 11.2 14.5 FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 EBITDA ADJ EBIT NET INCOME NET DEBT 5.0 2.5 1.3 4.8 4.2 4.7 1.4 0.5 FY2024 FY2025 FY2024 FY2
Slide 9: VoP: Performance
VoP: PERFORMANCE VALUE OF PRODUCTION TREND INFLUENCED BY ENERGY PRICES €/million Energy TLC Totale VALUE OF PRODUCTION 30,0 26.6 BREAKDOWN 25.9 (FY2025) 25,0 20,0 11.6 11.4 15,0 VoP 11.4 14.5 25.9 10,0 15.0 14.5 5,0 0,0 FY2024 FY2025 TLC Energy 9
Slide 10: NFP Bridge (FY2025)
NFP BRIDGE (FY2025) DISCIPLINED CASH FLOW MANAGEMENT SUPPORTING STABLE NET DEBT €/000 4,723 4,753 -2,151 2,990 -0,152 0,024 -0,506 -0,235 NFP FY2024 FCFO Tangible CAPEX Intangible Financial CAPEX Financial Equity change NFP FY2025 CAPEX changes 10
Slide 11: Agenda
Company overview FY 2025 Financials Business Units Outlook 2026 & Strategy Final remarks Appendix 11
Slide 12: TLC
TLC SCALING PROPRIETARY FTTH INFRASTRUCTURE Convergenze is expanding its proprietary FTTH network, exceeding 12,800 km and 100+ radio links, while offering integrated connectivity services nationwide. Growth is supported by strong market tailwinds, with FTTH coverage in Italy increasing, while Conve
Slide 13: Energy
ENERGY SUSTAINABLE ENERGY AND ELECTRIC MOBILITY PLATFORM Convergenze has developed its proprietary EVO network, a patented solution for electric mobility, with 42 charging stations of which 3 EVO Hospitality sites across Italy. The Company integrates its role as a nationwide energy provider with inf
Slide 14: Media & Content Delivery Network
MEDIA & CONTENT DELIVERY NETWORK BU MEDIA&CONTENT CONTINUE TO STRENGTH ITS EXPERTISE In response to the rapid digital revolution and the increasing convergence of entertainment, media, telecommunications, and Internet services, Convergenze has launched a new Business Unit “Media & Content Delivery”
Slide 15: Agenda
Company overview FY 2025 Financials Business Units Outlook 2026 & Strategy Final remarks Appendix 15
Slide 16: Outlook 2026
OUTLOOK 2026 PLATFORM EXPANSION, MONETIZATION & CONTROL TLC ENERGY INNOVATION & DIGITAL • FTTH take-up acceleration • Resilience to price volatility • Transition to proprietary via indexed offers AlphaOTT platform • Expansion in Campania municipalities Infrastructure • Cross-selling with telecom • I
Slide 17: Growth and Integration
GROWTH AND INTEGRATION STRATEGIC DEVELOPMENT M&A Finalized the acquisition of Positivo S.r.l., expanding into underserved areas. Between 2022 and 2024, the Earn-Out was defined, and the merger with Convergenze was approved, strengthening market position STRATEGIC Established a company in Albania to
Slide 18: Strategic Development
STRATEGIC DEVELOPMENT GROWTH DUE TO: M&A AND CONSOLIDATION M&A Possibility of growing through M&A by acquiring other TLC players with a complementary geographical location. NETWORK EXPANSION AND CONSOLIDATION Convergenze aims at being recognized as a national operator by expanding its presence throu
Slide 19: Product Development
PRODUCT DEVELOPMENT VERTICALLY AND HORIZONTALLY INTEGRATED OPERATOR PROPRIETARY FIBRE OPTICS AND WIFI Extension of the proprietary fiber-optic network (FTTH) in municipalities where the company has reached a 'critical mass' of customers served by wireless technology. CROSS SELLING AND INCREASING ACT
Slide 20: Agenda
Company overview FY 2025 Financials Business Units Outlook 2026 & Strategy Final remarks Appendix 20
Slide 21: Final Remarks
FINAL REMARKS FY2025 EXECUTION • Resilient performance in a volatile and competitive market environment • Continued investment in strategic infrastructure (FTTH, WiFi, data center) • Balanced financial structure with disciplined cash flow management BUSINESS EVOLUTION • TLC and Energy BUs confirmed
Slide 22: Agenda
Company overview FY 2025 Financials Business Units Outlook 2026 & Strategy Final remarks Appendix 22
Slide 23: At a Glance
AT A GLANCE CONVERGENZE: INNOVATION AND SUSTAINABILITY DRIVING THE FUTURE Convergenze S.p.A. Benefit Corporation and B-Corp is an integrated technology operator, active nationwide in the Telecommunications and 100% Green Energy sectors, with charging points for electric vehicles through its patented
Slide 24: Convergenze's History
C Z ’ H Y IPO Convergenze starts Convergenze joins the the listing process to Borsa Italiana's ELITE raise financial General Authorisation programme for the Establishment Convergenze resources to obtained for the results achieved in of Convergenze obtains General accelerate its growth deployment of
Slide 25: Corporate Governance
CORPORATE GOVERNANCE Shareholding structure (31.12.2025) Market 2,28% 17,05% 9,56% Rosario Pingaro Corporate governance Board of Directors Grazia Pingaro % Ordinary 22,98% Chairman Pingaro Rosario Sage Gestioni S.r.l.(*) 24,01% Shares Pingaro Grazia Vice Chairman Own Shares Director Pescetto Paolo R
Slide 26: Benefit Corporation
BENEFIT CORPORATION Convergenze became a Benefit Corporation on 2020 and a B-Corp on 2025 thanks to the focus on sustainability and corporate social responsibility. SUSTAINABILITY GROWTH OF LOCAL AREAS RESEARCH AND Headquarters fully AND EMPLOYEES DIGITALIZATION Sports and cultural events Promotion
Slide 27: Convergenze's Sustainability Commitments
C Z ’ Spread and promote the Support the territories through Fostering digitization culture of eco-sustainability the promotion of sports and via ultra-broadband and green mobility cultural events and initiatives electronic networks Promote R&D of Spread the culture of sustainable Promote the satisf
Slide 28: Disclaimer
Disclaimer This document has been prepared by Convergenze S.p.A. SB (hereinafter, also the "Company") for information purposes only and for use at meetings with institutional investors and financial analysts in presentations of the Company's results and strategies. For further details on Convergenze
Slide 29: Contacts
Contacts Investor Relations Convergenze: Rosario Pingaro investor@convergenze.it Investor Relations Consultant: CDR Communication Simone Rivera simone.rivera@cdr-communication.it Silvia di Rosa silvia.dirosa@cdr-communication.it Follow us: Internet Risultati immagini per twitter logo Risultati immag
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