Smart Capital S.p.a. · MIL:SMCAP
Smart Capital — Investor Presentation (November 2025)
9 slides from Smart Capital's investor presentation, November 2025
Slide 1: Company update
Smart Capital § Company update Long-term Investors Nov 2025
Slide 2: Key Investment Highlights
Key Investment Highlights LEADING ITALIAN PERMANENT CAPITAL INVESTOR FOCUSED ON SMES ACROSS PUBLIC AND PRIVATE TRANSACTIONS LONG TERM SHAREHOLDERS BASE LEVERAGING ON SEVERAL ENTREPRENEURIAL FAMILIES MANAGEMENT TEAM WITH DISTINCTIVE COMPETENCIES AND TRACK RECORD IN BOTH INDUSTRIAL AND M&A / PE FIELDS
Slide 3: Smart Capital at a glance
Smart Capital at a glance Smart Capital S.p.A. (SMCAP – EGM PRO) is an evergreen investment holding company specializing in minority private equity investments, focusing on Italian SMEs, both listed and unlisted. Key Items > 100 16 7 €0.009 > 200 ESG Family Portfolio Club Deals DPS(1)22 Investment C
Slide 4: Solid Portfolio @30/06/2025
Solid Portfolio @30/06/2025 Sector Exposure Listed vs Unlisted Logistics 7 8 44% Manufacturing 1 1 1 Mechanics 18% EGM - Italy EM - Italy Euronext - STAR - Italy Private 33% Manufacturing Netherlands Equity Other 15% Technology . 10% Cash & Cash equivalents Total Assets Engineering 17% Consolidated
Slide 5: Recent updates
Recent updates DIVESTMENTS WHAT’S NEXT? SMART4MECHANICS First target on Smart4Mechanics project has (PRESS RELEASE) In October 2025, Smart been identified, closing expected by year- Capital exited investment in ALA. end. Return on investment equal to 2,6x. (NEW) In October 2025, Smart Capital (PRESS
Slide 6: NAV growth: a solid and decorrelated portfolio
NAV growth: a solid and decorrelated portfolio FTSE Italia Small Cap FTSE Italia STAR NAV Smart Capital 235 VIN > 220 210 197* 185 175 176 160 130 149 135 121 110 106 85 60 *As of June 30th 2025 NAV per share was equal to €1,89; on the same date the NAV adjusted was equal to €1,97 based on the evalu
Slide 7: Target price update
Target price update SNNPAOLO Smart Capital NAV Grew in 1H25; New Resources for Investments from PTOs results ond soy. 1b ocively wotking on potato the Telus and gather Tor new 29. EUR 147M trom ALA. PIO (2.5% the tole investment) and EUR SAM Kom Exogroup Laminations FIO 1 sat pric (should Smart Copi
Slide 8: Smart Capital: up to € 7,9 mln capital increase at € 1,65 per share
Smart Capital: up to € 7,9 mln capital increase at € 1,65 per share WHY Continue investing in excellent companies expanding portfolio participations WHEN Starting from Nov 24, 2025 to Dec 11, 2025 Other ▪ Core Sectors: Mechanics, Logistics and Projects Technology. Smart Capital has identified its 20
Slide 9: Disclaimer
Disclaimer This document, its contents and any information provided at this document are not for release, publication or distribution, in whole or in part, directly or indirectly, in or into or from the united states of America, its territories or possessions, Canada, Australia, Japan or to any resi
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