Slide 1: Euronext Star Conference 2026
Euronext Star Conference 2026 Milan - March 24-25, 2026
Slide 2: Agenda
Alessandro Fabbroni Agenda Group’s Chief Executive Officer Caterina Gori Head of IR, Corporate Finance M&A ▪ Group’s Business Model and Strategy Jacopo Laschetti Stakeholder and Sustainability Manager ▪ Group’s Financial Results 9M 2026 and Outlook FY26 ▪ Annexes Financial Statements 2
Slide 3: Sesa Group Overview
Sesa Group Overview ▪ Leading player for the digital integration (Technology, Digital Platforms and Vertical Applications) of corporates and Leading Digital organizations, with consolidated revenues of Eu 3,357 million (+4.6% Y/Y) and 6,532 people as of 30 April 20251 Integrator for ▪ Operations mai
Slide 4: Group Industrial Plan FY 2026-2027 Strategic Targets
Group Industrial Plan FY 2026-2027 Strategic Targets1 ▪ Italian digital market (Eu 81.6 bn in 2024 +3.7% YY) is accelerating and expected to grow at Eu 93 bn by 2028 with a 3.5% Market CAGR 2025-28E, driven by AI adoption and the growing need of data governance, protection and critical infrastructur
Slide 5: Sesa Group Strategic Path
New Industrial Plan: Sesa Group Strategic Path moving from a bolt-on M&A approach toward a strategy focused on Organic Growth and Group Transformation as Digital Integrator IBM services, Growth acceleration infrastructure & Var Group Foundation Establishment of Sesa through M&A software System integ
Slide 6: Business Model and Organization
Business Model and Organization ▪ Leading Digital Integrator (Digital Technology, Digital Platform and Vertical Applications), with focus on key digital enablers as AI and Automation, Cloud, Cyber Security and Digital Platforms; the Group operates through Vertical Business Units, Enterprise Platform
Slide 7: Management Team committed in the long-term to the Group
Management Team committed in the long-term to the Group Key people equity and long-term commitment Group Long-term track record achievements Sesa Group equity partners focus on long-term development growth: REVENUES FY12 Eu 812.0 mn Group EAT Adj FY12 Eu 16.8 mn • Chairman and Sesa Founder in 1973 P
Slide 8: People and Talent Management Programs
People and Talent Management Programs 3,525- 3,610 3,3571 FY 2025 HC Highlights 6,800 Revenues CAGR 2012-2026E2 +11.2% 6,532 3,211 5,700 Headcount CAGR 2012-2026E2 +15.9% 2,908 5,691 6,532 ~800 ~25% New People 5,691 Hires below 30 y/o 6,749 people as of January 2026 (+3.3% vs April 30, 2025), 4,720
Slide 9: Sustainability as a strategic driver and core part of Corporate Vision
Sustainability as a strategic driver and core part of Corporate Vision Purpose to create long-term, sustainable value for all stakeholders promoting innovation, including digital innovation, within businesses and organizations, as well as the well-being of people ESG as a strategic driver and core p
Slide 10: Evolution from bolt-on M&A expansion to organic growth
Evolution from bolt-on M&A expansion to organic growth ▪ Between FY 2015 and FY 2025, Sesa completed around 80 M&A transactions, adding ~3,120 HCs and Eu 830 mn of annual revenues at the time of acquisition. Over the past five years, M&A activity has contributed on average 33% per year to the Group’
Slide 11: SSI: Partner for European Enterprises Digital Transformation
SSI: Partner for European Enterprises Digital Transformation Key Financials FY25 At a Glance Business Platforms Customer base People Revenues Leading System Integrator and Software Vertical Business Platform focused on 4,243 Eu 880 mn Solutions provider with growing focus on business applications an
Slide 12: Business Services: Partner for Financial Services Digital Transformation
Business Services: Partner for Financial Services Digital Transformation Key Financials FY25 At a Glance Financial Services and Enterprise Market Presence and Digital Excellence Dual Market Focus: Finance and Enterprise Extensive presence with more than 900 clients; People Revenues Business Services
Slide 13: ICT VAS: Digital Integration of ICT ecosystems
ICT VAS: Digital Integration of ICT ecosystems Key Financials FY25 At a Glance Business Units Customer base People Value-added Technology Integrator and Organized into specialized units managing Revenues 711 Eu 2,075 Bn Solutions aggregator, providing consulting, partnerships with over 165 major IT
Slide 14: Green VAS: Digital Partner of environmental sustainability
Green VAS: Digital Partner of environmental sustainability Key Financials FY251 At a Glance Financial Evolution Future Expectations Joined the Group in 2021 through the FY 2025 marks a phase of consolidation and The PV market is shifting toward inverters and acquisition of PM Service (Eu 30 mn renew
Slide 15: Agenda
Alessandro Fabbroni Agenda Group’s Chief Executive Officer Caterina Gori Head of IR, Corporate Finance M&A ▪ Group’s Business Model and Strategy Jacopo Laschetti Stakeholder and Sustainability Manager ▪ Group’s Financial Results 9M 2026 and Outlook FY26 ▪ Annexes Financial Statements 15
Slide 16: FY26 Guidance Confirmation & Execution Update
FY26 Guidance Confirmation & Execution Update Disciplined ▪ Full confirmation of FY26 guidance of the 2026–2027 Industrial Plan¹ in the upper end of the target range: revenues Execution expected to growth by +5.0%/+7.5%, EBITDA by +5.0%/+10.0% and Adjusted Group EAT by 10.0%/+12.5% Supporting ▪ The
Slide 17: Organic growth in Revenues and Profits drives 9M 2026 results
Organic growth in Revenues and Profits drives 9M 2026 results CAGR CAGR 9m 25 9m 26 9m 25 9m 26 Eu million FY 2020 FY 2025¹ Variance Variance FY12-25 FY20-25 Reported Reported Pro forma¹ Reported Revenues 1,776.0 3,356.8 11.5% 13.6% 2,433.2 2,705.2 11.2% 2,516.9 2,705.2 7.5% In 9M 2026, Sesa achieve
Slide 18: Strong acceleration into 3Q 2026
Strong acceleration into 3Q 2026 CAGR CAGR 3Q 25 3Q 26 Eu million FY 2020 FY 2025¹ Variance FY12-25 FY20-25 Reported Reported Revenues 1,776.0 3,356.8 11.5% 13.6% 999.5 1,104.8 10.5% In 3Q 2026, Sesa achieved EBITDA Ebitda 94.5 240.7 14.5% 20.6% 68.8 76.7 11.6% growth of 11.6% Y/Y vs reported, drive
Slide 19: Group’s quarterly actual results
Group’s quarterly actual results Eu million FY 23 1Q 24 2Q 24 3Q 24 4Q 24 FY 24 1Q 251 2Q 251 3Q 25 4Q 25 FY 251 1Q 26 2Q 26 3Q 26 FY 26E 9m 23 9m 24 9m 251 9m 26 Revenue 2,907.6 776.4 725.2 894.5 814.3 3,210.4 827.6 689.8 999.5 839.9 3,356.8 845.7 754.6 1,104.8 3,525.0 - 3,610.0 2,176.4 2,396.1 2,5
Slide 20: 9m 2026 Group’s actual results by Sector
9m 2026 Group’s actual results by Sector REVENUES EBITDA GROUP EAT ADJUSTED Eu million 9m 19 9m 20 9m 21 9m 22 9m 23 9m 24 9m 25¹ 9m 26 9m 19 9m 20 9m 21 9m 22 9m 23 9m 24 9m 25¹ 9m 26 9m 19 9m 20 9m 21 9m 22 9m 23 9m 24 9m 25¹ 9m 26 Software & System Integ. 253.7 308.5 355.1 419.3 501.8 609.3 646.7
Slide 21: 3Q 2026 Group’s actual results by Sector
3Q 2026 Group’s actual results by Sector REVENUES EBITDA GROUP EAT ADJUSTED Eu million 3Q 19 3Q 20 3Q 21 3Q 22 3Q 23 3Q 24 3Q 25 3Q 26 3Q 19 3Q 20 3Q 21 3Q 22 3Q 23 3Q 24 3Q 25 3Q 26 3Q 19 3Q 20 3Q 21 3Q 22 3Q 23 3Q 24 3Q 25 3Q 26 Software & System Integ. 101.8 130.9 143.7 168.7 199.0 241.1 241.8 24
Slide 22: Group’s Net Financial Charges Quarterly trend
Group’s Net Financial Charges Quarterly trend Eu million 1Q 24 2Q 24 3Q 24 4Q 24 1Q 251 2Q 25¹ 3Q 25 4Q 25 1Q 26 2Q 26 3Q 26 Financial income / (charges) (7.3) (8.7) (9.1) (11.9) (7.7) (11.5) (10.4) (11.0) (6.8) (9.8) (8.9) FX gains / (losses) 0.8 0.3 (0.7) 0.6 0.1 (0.3) (0.2) (1.1) (0.5) (0.2) 0.2
Slide 23: Group Financial Results (NFP, IFRS 16, IFRS 3 and NWC) Apr 20- Jan26
Group Financial Results (NFP, IFRS 16, IFRS 3 and NWC) Apr 20- Jan26 Consolidated Net Financial Position (Apr 20 – Jan 26) Eu million Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct241 Jan25 Apr25 Oct25 Jan26 The table opposite presents the Net Financial Position Shareholders Equity 253.9
Slide 24: NFP reported (incl. IFRS) bridge from Jan25 to Jan26
NFP reported (incl. IFRS) bridge from Jan25 to Jan26 The reported Net Financial Position (NFP) as of January 31, 2026, shows a net debt of Eu 58.5 mn, improving from Eu 92.2 mn as of January 31, 2025, reflecting LTM investments of approximately Eu 150 mn (including around Eu 90 mn in 9m 26), with Eu
Slide 25: Group’s Financial Outlook for the FY 2026 - FY27
Group’s Financial Outlook for the FY 2026 - FY27 Eu million FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 251 FY 26E FY 27E Revenues 1,363.0 1,551.0 1,776.0 2,037.4 2,389.9 2,907.6 3,210.4 3,356.8 3,525.0 - 3,610.0 3,700.0 - 3,880.0 Change Y/Y 13.8% 14.5% 14.7% 17.3% 21.7% 10.4% 4.6% 5.0% - 7.5% 5.0%
Slide 26: Group long-term growth path: FY 2025 Results and FY 2026-2027 Industrial Plan
Group long-term growth path: FY 2025 Results and FY 2026-2027 Industrial Plan Sales and other Revenues (Eu mn) EBITDA (Eu mn) EBIT Adjusted1 (Eu mn) 3,700 - 3,525 - 3,880 CAGR 2012-2025 +11.5% 3,610 CAGR 2012-2025 +14.5% 265 - CAGR 2012-2025 +13.6% 3,357 5% - 253 - 291 205 - CAGR 2020-2025 +13.6% 3,
Slide 27: Agenda
Alessandro Fabbroni Agenda Group’s Chief Executive Officer Caterina Gori Head of IR, Corporate Finance M&A ▪ Group’s Business Model and Strategy Jacopo Laschetti Stakeholder and Sustainability Manager ▪ Group’s Financial Results 9M 2026 and Outlook FY26 ▪ Annexes Financial Statements 27
Slide 28: Group Reclassified Income Statement 9m 2026 vs 9m 2025
Group Reclassified Income Statement 9m 2026 vs 9m 2025 Variances Y/Y % 9m 26 % on 9m 25 % on 9m 25 % on 9m 26 vs 9m 25 9m 26 vs 9m 25 Eu million Reported revenues Reported revenues Pro-forma1 revenues Reported Pro-forma Revenues 2,665.0 2,392.6 2,476.2 11.4% 7.6% Other Income 40.2 40.7 40.7 (1.0%) (
Slide 29: Group Income Statement, Reclassified Balance Sheet Jan 31 2026 vs Jan 31 25
Group Income Statement, Reclassified Balance Sheet Jan 31 2026 vs Jan 31 25 (9m 26) 9m 25 9m 26 Jan26 Jan25 Eu million Eu million Reported Reported Reported Reported Revenues 2,392.6 2,665.0 Intangible Assets 552.5 516.2 Other Income 28.6 36.3 Property, plant and equipment 172.9 152.6 Costs for purc
Slide 30: Reclassified Income Statement by sector 9m 2026 vs 9m 2025
Reclassified Income Statement by sector 9m 2026 vs 9m 2025 Eu million 9m 2026 as of January 31, 2026 9m 2025 pro forma as of January 31, 20252 ICT VAS Green SSI BS Corporate3 Group ICT VAS Green SSI BS Corporate3 Group Total Revenues and Other Income 1,696.3 307.0 662.7 120.0 50.2 2,705.2 1,581.9 25
Slide 31: Group Income Statement and Reclassified Balance Sheet FY April 30 2023-25
Group Income Statement and Reclassified Balance Sheet FY April 30 2023-25 Eu million FY23 FY24 FY25 Eu million Apr23 Apr24 Apr25 Total revenue and other income 2,907.6 3,210.4 3,356.8 Intangible assets 368.5 457.1 531.0 Costs for purchasing products (2,201.6) (2,385.6) (2,434.1) Of which M&A 350.4 4
Slide 32: Group Income Statement by Sector FY April 2024-25
Group Income Statement by Sector FY April 30 2024-25 Eu million FY 251 FY 24 ICT VAS DG VAS SSI BS Corporate Group ICT VAS DG VAS SSI BS Corporate Group Total Revenue and Other Income 2,075.5 343.8 875.7 153.5 62.1 3,356.8 2,147.4 240.6 822.8 114.0 46.1 3,210.4 Change Y/Y (3.4%) 42.9% 6.4% 34.7% 34.
Slide 33: Group results by Sector FY April 2019-25
Group results by Sector FY April 30 2019-25 REVENUES EBITDA GROUP EAT ADJUSTED 1 1 Eu million FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 251 Software & System Integ. 343.0 396.3 481.9 572.2 702.6 822.8 875.7 26.2 37.8 55
Slide 34: Sesa Group M&As FY 2020-26
Sesa Group M&As FY 2020-26 SSI Business Services ICT VAS Green VAS Company Revenues Company Revenues Company Revenues Company Revenues GENCOM Eu 10 mn CLEVER CONSULTING Eu 6 mn 6 M&As FY 20201 YARIX Eu 4 mn BASE DIGITALE GROUP Eu 45 mn PICO Eu 20 mn ZERO12 Eu 2.5 mn Rev: Eu 88 mn ADIACENT CHINA Eu 2
Slide 35: www.sesa.it
www.sesa.it This document has been prepared by Sesa SpA (“SeSa” or the “Company”) solely for this presentation and does not represent any investment research, recommendation, consulting or suggestion, concerning the Company or its shares or any other securities/financial instruments issued by the Co