Slide 1: FY 2022 Results
FY 2022 R ESULTS March 8, 2023 www.fincantieri.com
Slide 2: Safe Harbor Statement
Safe Harbor Statement This Presentation contains certain forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes," "expects," "predicts," "intends," "projects," "pl
Slide 3: Executive summary, business update, financial results
Executive summary Business update Financial results Market update Next steps & Concluding remarks Appendix
Slide 4: Executive Summary
EXECUTIVE SUMMARY FINCANTIERI The sea ahead
Slide 5: FY 2022 financial and operating highlights
FY 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks FY 2022 financial and operating highlights (€ mln) Revenues EBITDA Order intake Net financial position 3,296 5,328 2,531 7,440 2,238 495 6,662 3,343 221 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 20
Slide 6: Business Update
BUSINESS UPDATE FINCANTIERI The sea ahead
Slide 7: Consistent business operating performance throughout the year
FY 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Consistent business operating performance throughout the year Q1 Q2 Q3 Q4 ▪ Delivered Discovery Princess, the ▪ Delivered Viking Mars, eighth unit of ▪ MoA with MSC for two hydrogen- ▪ Delivered MSC
Slide 8: Tireless effort to become a model of excellence acknowledged internationally
FY 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Tireless effort to become a model of excellence acknowledged at the international level A- (D>A) 1 61 (0>100) Ratings 17.3 and (40>0) (low risk) scores 70 3 2 (0>100) (advanced) 4 70 (0>100) 5 Award
Slide 9: Strong visibility up to 2029 with 84 ships scheduled by 2027
FY 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Strong visibility up to 2029 with 84 ships scheduled to be delivered by 2027 Shipbuilding Offshore & Specialized Vessels # ship deliveries # ship deliveries CRUISE 2022 7 NAVAL 2022 7 OSV 2022 5 26
Slide 10: Financial Results
FINANCIAL RESULTS FINCANTIERI The sea ahead
Slide 11: Positive signals in order resumption upholding a stable backlog
FY 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Positive signals in order resumption upholding a stable backlog Order intake breakdown by segment Total backlog breakdown by segment1 € mln € mln ▪ Order intake at €5.3 bn, with major contribution f
Slide 12: Revenues up 11.7% with positive contribution from Offshore & Specialized Vessels
FY 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Revenues up 11.7% with a positive contribution from Offshore & Specialized Vessels Revenues breakdown by segment1 € mln +11.7% Revenues up 11.7% YoY at €7,440 mln 7,440 ▪ Shipbuilding up 4.5% YoY, w
Slide 13: Operating performance at 3.0% margin, affected by inflationary pressures
FY 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Operating performance at 3.0% margin, affected by inflationary pressures EBITDA breakdown by segment € mln EBITDA margin at 3.0% impacted by raw material and energy inflation, in particular in 4Q 20
Slide 14: Net loss at €324 mln, mainly due to one off items
FY 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Net loss at €324 mln, mainly due to one off items of the period Walk EBITDA to Net Loss € mln ▪ Net result for FY 2022 negative at €324 mln, despite positive business operating performance ▪ Extraor
Slide 15: Improved NFP compared to 1H 2022, consistent with production schedule
FY 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Improved NFP when compared to 1H 2022, consistent with production schedule Net Working Capital1 breakdown by component Net Financial Position2 breakdown by component € mln € mln ▪ Net financial posi
Slide 16: Market Outlook
MARKET OUTLOOK FINCANTIERI The sea ahead
Slide 17: Cruise full recovery expected in 2023
FY 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Cruise full recovery expected in 2023 Operations and market outlook ▪ 93% of the global fleet back in operation at the end of December 20221, with load factors approaching pre-pandemic levels ▪ Majo
Slide 18: Best positioned thanks to higher defence budgets and wind offshore opportunities
FY 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Best positioned thanks to higher defence budgets and new opportunities in wind offshore ▪ Global defence spending reached USD 2.08 trillion in 2022 confirming value of 2020-2021, with a compound ann
Slide 19: Next Steps & Concluding Remarks
N EXT S TEPS & C ONCLUDING R EMARKS
Slide 20: 2023-2027 Business Plan – The Strategic Pillars & Actions
FY 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks 2023-2027 Business Plan – The Strategic Pillars & Actions FOCUS ON LIFE-CYCLE SYSTEM FINANCIAL INDUSTRIAL CORE BUSINESS MANAGEMENT INTEGRATION DISCIPLINE SUSTAINABILITY • Review and digitalization o
Slide 21: 2023-2027 Business Plan – Main Targets
FY 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks 2023-2027 Business Plan – Main Targets 5P ILLARS 10 S TRATEGIC PROJECTS CORE BUSINESS GREEN & DIGITAL CRUISE NAVAL OFFSHORE KEY DRIVERS 2025 2027 €8.8bn €9.8bn REVENUES 2023-2027 REVENUES Business ~
Slide 22: Concluding remarks
FY 2022 Results Executive Summary Business Update Financial Results Market Outlook Concluding Remarks Concluding remarks Entrepreneurial approach to further strengthen the competitive positioning and business distinctiveness in the international shipbuilding industry, optimizing performance and anti
Slide 23: Q&A
Q&A FINCANTIERI The sea ahead
Slide 24: Investor Relations contacts
Investor Relations contacts I N V E S TO R R E L AT I O N S T E A M Paola Dimario +39 040 319 2279 paola.dimario@fincantieri.it Caterina Venier-Romano +39 040 319 2229 caterina.venierromano@fincantieri.it Martina Saiu +39 040 319 2672 martina.saiu@fincantieri.it INSTITUTIONAL INVESTORS investor.rela
Slide 25: Appendix
APPENDIX FINCANTIERI The sea ahead
Slide 26: Focus on Shipbuilding
FY 2022 Results Focus on Shipbuilding Orders, backlog and deliveries Revenues EBITDA Capex € mln € mln € mln ▪ Orders: €3,398 mln (€1,816 mln in FY 2021) 5,654 5,911 - 1 ultra luxury cruise ship for Four Seasons 1,728 1,855 8.3% 4.6% - 4 cruise ships for Viking ▪ Backlog: €19,678 mln (€22,132 mln in
Slide 27: Focus on Offshore & Specialized Vessels
FY 2022 Results Focus on Offshore & Specialized Vessels Orders, backlog and deliveries Revenues EBITDA Capex € mln € mln € mln ▪ Orders: €837 mln (€508 mln in FY 2021) - 6 marine robotic vessels for Ocean Infinity 2.1% 2.9% - 1 fishery for Deutsche Fischfang – Union 751 - 2 CSOV for Norwind Offshore
Slide 28: Focus on Equipment, Systems & Services
FY 2022 Results Focus on Equipment, Systems & Services Orders, backlog and deliveries Revenues EBITDA Capex € mln € mln € mln ▪ Orders: €1,509 mln (€1,418 in FY 2021) 4.4% -1.7% ▪ Backlog: €3,826 mln (€3,627 mln in FY 2021) 1,659 1,404 61 46 30 (28) FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 EB