Somec S.p.a. · MIL:SOM
Somec — Investor Presentation (September 2026)
41 slides from Somec's investor presentation, September 2026
Slide 1: The Hub of Italian Construction Quality
THE HUB OF ITALIAN CONSTRUCTION QUALITY September 2026
Slide 2: Somec Group, world leading expert in complex turnkey projects
SOMEC GROUP, WORLD LEADING EXPERT IN THE CONSTRUCTION OF COMPLEX TURNKEY PROJECTS IN BOTH CIVIL AND NAVAL ENGINEERING An integrated ecosystem of excellence specialising in the engineering, design and deployment of complex projects with high added value. Somec Group’s presence spans 12 countries and
Slide 3: 3 Divisions of the Group
3 DIVISIONS OF THE GROUP * ** * A brand of GICO / ** A brand of Pizza Group 3
Slide 4: Our Group
OUR GROUP w Fa Fa x e & & & 2 2 2 SoMEC SOMEC SOTRADE — SOMEC NAVALE SHANGHAI Siro. SINTES! FRANCE CO. LTD. Sunk ” SOMEC NAVALE FINLAND SOMEC SOTRADE NAVALE TTALY GERMANY Branch Branch SOTRADE SOMEC FINLAND NAVALE Branch NORWAY Branch SOMEC NAVALE ROMANIA Branch HORIZONS: ENGINEERED SYSTEMS FOR NAVA
Slide 5: Since 1978
SINCE 1978 1993 2005 2013 Somec enters the The company enters Oscar Marchetto acquires marine glazing business another challenging business: the majority stake of Somec. marine refitting 2016-17 2018 2019-21 Oxin and Inoxtrend are Listing on the Italian The expansion strategy acquired. Hysea is foun
Slide 6: Financial Overview
GRUPI FINANCIAL OVERVIEW
Slide 7: H1 2026 Results Highlights
H1 2026 RESULTS HIGHLIGHTS I N D I C AT O R H1 2025 RESULT H1 2026 RESULT YoY V S T AR G E T (-3.3 %) TOTAL REVENUES 192.7 €M 186.3 €M -1.4 % Constant forex EBITDA 15.8 €M 17.5 €M +11 % EBITDA MARGIN 8.2 % 9.4 % +120 BPS NET RESULT 2.0 €M 6.1 €M EXCELLENT RESULT REDUCTION PATH NET FINANCIAL POSITION
Slide 8: Total Revenues
TOTAL REVENUES TOTAL REVENUES TOTAL REVENUES BREAKDOWN BY GEOGRAPHY €M % ON TOTAL -3.3% YOY ROW ROW AT CONSTANT FOREX 3.8 5.0% 6.1% -1.4% CONSTANT FOREX NORTH NORTH AMERICA AMERICA 43.5% 35.3% 192.7 186.3 EUROPE EUROPE 51.5% 58.6% H1 2025 H1 2026 H1 2025 H1 2026 Consolidated revenues amounted to €18
Slide 9: Revenues by Division
REVENUES BY DIVISION HORIZONS REVENUES TALENTA REVENUES MESTIERI REVENUES €M €M €M -3.7% +41.3% -25.7% YoY YoY YoY 117.0 40.3 50.8 112.7 28.5 37.8 H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 Performance mainly reflected EUR/USD exchange rate movements and the Strong growth was supported by the p
Slide 10: EBITDA
EBITDA The highest half-year EBITDA in the Group’s history EBITDA EBITDA BRIDGE €M / % €M +10.8% 3.0 17.6 YoY 15.8 -0.1 -1.1 EBITDA EBITDA 17.5 MARGIN MARGIN 15.8 9.4% 8.2% H1 2025 H1 2026 EBITDA H1 2025 Delta Horizons Delta Talenta Delta Mestieri EBITDA H1 2026 EBITDA reached an all-time high for t
Slide 11: EBITDA by Division
EBITDA BY DIVISION Excellent performance of Talenta HORIZONS EBITDA TALENTA EBITDA MESTIERI EBITDA €M / % €M / % €M / % -60 BPS +580 BPS +250 BPS YoY YoY YoY EBITDA EBITDA EBITDA MARGIN MARGIN MARGIN EBITDA EBITDA 8.7% MARGIN MARGIN 4.6 11.3% 10.3% 8.1% 5.5% 4.0 3.9 10.2 9.1 1.6 EBITDA MARGIN H1 202
Slide 12: Net Result
NET RESULT Group’s net profit exceeds 6 million euros, up three-fold BRIDGE EBITDA - NET RESULT NET RESULT €M €M 17.5 6.1 11.2 -6.3 9.5 -1.8 2.0 6.1 -3.3 H1 2024 H1 2025 H1 2026 -1.2 EBITDA DEPR EBIT NET EBT TAX NET AND FINANCIAL RESULT AMORT EXPENSES 12
Slide 13: Net Financial Position
NET FINANCIAL POSITION NET FINANCIAL POSITION CASH FLOW €M €M NFP NFP ex. IFRS16-DEBT 1.8 -1.1% -9.2% 47.7 YoY YoY -1.6 -0.3 -4.6 38.3 -3.5 -0.2 -1.0 36.5 36.1 13.8 12.5 FY 2025 H1 2026 FY 2025 H1 2026 CASH AS AT NET CASH FLOW CAPEX P&C AND LOAN LEASE DIVIDEND OTHER CASH AS AT 31.12.2025 FROM OPERAT
Slide 14: Net Financial Position
NET FINANCIAL POSITION Debt reduction path still on track FINANCIAL POSITION E BREAKDOWN LEVERAGE REDUCTION PATH €M €M / % H1 2025 FY 2025 H1 2026 -61.8 -36.5 -36.1 -42% VS H1 2025 27.7 32.3 24.2 47.7 38.3 31.5 H1 2025 FY 2025 H1 2026 61.8 36.1 -81.2 -77.7 -71.8 36.5 -11.5 -11.3 -14.9 -23.6 H1 2025
Slide 15: Order Backlog as of 30 June 2026
ORDER BACKLOG AS OF 30 JUNE 2026 Record of orders collected TOTAL BACKLOG TOTAL BACKLOG BREAKDOWN BY SCHEDULED YEAR AND DIVISION €M / % €M 211 22.1% +24% MORE THAN YoY 1.1 €BLN 164 17.2% 157 16.4% 117 12.2% 99 90 10.4% 9.3% 956 53 771 5.6% 28 3.0% 17 13 7 1.4% 1.7% 0.7% FY 2025 H1 2026 AS OF TODAY 2
Slide 16: More than 0.5 € bln orders announced in 2026
MORE THAN 0.5 € BLN ORDERS ANNOUNCED IN 2026 ORDER VALUE €M HORIZONS NOT DISCLOSED TALENTA MESTIERI 56 60 53 54 41 38 28 19 14 January February February May May June June June September September 16
Slide 17: Fabbrica LLC: 83,600 sqm of curtain walling, Park Avenue NY
FABBRICA LLC: 83,600 SQM OF CURTAIN WALLING 350 PARK AVENUE NY DESIGNED BY FOSTER+PARTNERS 17
Slide 18: Marine glazing, onboard kitchens and bespoke interiors contracts
SOMEC: >208 MILLION EURO CONTRACTS FOR MARINE GLAZING SYSTEMS OXIN: 53 MILLION EURO CONTRACT FOR ONBOARD KITCHENS TSI: 41 MILLION EURO CONTRACT FOR BESPOKE INTERIORS 18
Slide 19: Focus on Marine & Cruise Industry
FOCUS ON MARINE & CRUISE INDUSTRY 42 MILLION PASSENGERS EXPECTED GLOBALLY IN 2029 40.3 41.2 42.1 38.3 37.2 34.6 31.1 29.7 28.5 26.7 25.2 21.6 20.4 18.4 17.5 16.3 16.9 14.8 13 13.4 12 12.6 10.6 11.3 9.6 8.7 7.6 7.6 6.1 6.6 5.1 5.5 5.8 4.1 4.3 4.7 4.8 4.8 4.8 3 3.2 3.7 1.9 2.3 2.6 1985 1986 1987 1988
Slide 20: Annex
GRUPI ANNEX
Slide 21: Shareholding
SHAREHOLDING S H AR E H O L D E R S # O F S H AR E S % S H AR E C AP I T AL VENEZIA S.P.A.* 5,547,175 76.18% OSCAR MARCHETTO** 55,259 0.76% GIAN CARLO CORAZZA*** 10,000 0.14% ALESSANDRO ZANCHETTA**** 8,000 0.11% TREASURY SHARES 968 0.01% FREE FLOAT 1,660,473 22.80% TOTAL 7,281,875 100.00% * of which
Slide 22: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT H1 2026 / Reclassified Amounts in €/000 30.06.2026 % 30.06.2025 % ∆ ∆% Revenues from contracts with customers 184,809 99.2% 191,661 99.4% (6,852) -3.6% Other operating income 1,514 0.8% 1,063 0.6% 451 42.4% Total revenues 186,323 100.0% 192,724 100.0% (6,401) -3.3% Purc
Slide 23: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET H1 2026 / Reclassified ‘000 Euro 30.06.2026 30.06.2025 Intangible assets 38,989 39,831 of which Goodwill 31,409 31,229 Tangible assets 17,610 18,081 Right-of-use assets 30,270 29,461 Investments in associates 365 321 Non-current financial assets 398 335 Other non-current a
Slide 24: Consolidated Net Financial Position
CONSOLIDATED NET FINANCIAL POSITION H1 2026 ‘000 Euro 30.06.2026 31.12.2025 A. Cash 64 46 B. Bank deposits 38,221 47,672 C. Total liquidity (A+B) 38,286 47,718 D. Current financial receivables 32,253 27,728 E. Current bank debt (27,905) (30,922) F. Current portion of bank loans and credit facilities
Slide 25: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT H1 2026 / Reclassified ‘000 Euro 30.06.2026 30.06.2025 Cash flows from operating activities 1,762 9,107 Cash flows from investing activities (1,810) (3,571) Free Cash Flow (48) 5,536 Cash flows from financing activities (9,737) (19,490) Effect of exchange rate change
Slide 26: People Empowerment
PEOPLE EMPOWERMENT TEAM GROWTH HEADCOUNT BY DEPARTMENT Somec Group organization boasts an experienced and skilled team that grows day by day through an on going program of training and development. 26
Slide 27: Building a Better Future Every Day
BUILDING A BETTER FUTURE EVERY DAY Somec Group embraces responsibility. In a time where technology enables high-performance and sustainable solutions, we ensure full accountability for our environmental footprint. Since 2020, Somec Group has been publishing its Sustainability Report. Starting from t
Slide 28: Developing, Preserving and Passing on the Italian Know-How
DEVELOPING, PRESERVING AND PASSING ON THE ITALIAN KNOW-HOW Somec Group was set up and developed as a local business based on the skilled hands of expert craftsmen. As it has expanded, it has always recognised the priceless value of Italian expertise, which is precise when it comes down to fine detai
Slide 29: Horizons: Engineered Systems of Naval Architecture and Building Façades
HORIZONS ENGINEERED SYSTEMS OF NAVAL ARCHITECTURE AND BUILDING FAÇADES Marine glazing newbuilding Horizons companies are recognised as major players in North America and Europe when it comes to the design, engineering, production, installation and maintenance of complex and innovative construction s
Slide 30: Horizons cruise ship references
ST AR OF T HE SEAS SUN PRINCESS ILMA Royal Caribbean Princess Cruises The Ritz-Carlton Collection NORWEGIAN LUNA Norwegian Cruise Line 30
Slide 31: Horizons architectural references
RAGON INST IT UT E HOT EL SHERAT ON Cambridge, Massachusetts Annaba, Algeria T HE JACX Long Island City, NY SVEN Long Island City, NY - USA 31
Slide 32: Talenta: Professional Kitchen Systems and Products
TALENTA PROFESSIONAL KITCHEN SYSTEMS AND PRODUCTS Marine catering At Talenta, we produce bespoke integrated systems equipment for professional kitchens in the naval and civil sectors, seamlessly blend aesthetics with high performance. Turnkey projects tailored for the catering and hospitality indust
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Slide 36: Mestieri: Design and Production of Bespoke Interiors
MESTIERI DESIGN AND PRODUCTION OF BESPOKE INTERIORS Marine complex Mestieri is a group of Italian excellences dedicated projects management to the bespoke creation of high-end interiors and architectural elements, for land-based and marine applications. It combines engineering and project management
Slide 37: Mestieri cruise ship references
SEVEN SEAS SPLENDOR Regent Seven Seas Cruises NORWEGIAN PRIMA Norwegian Cruise Line SUN PRINCESS NORWEGIAN VIVA 37 Princess Cruises Norwegian Cruise Line
Slide 38: Mestieri land-based references
MUSÉE DE LA MARINE PRINT EMPS Paris - France New York- USA T IFFANY St ut t g art - Ger many DUO MILAN HOT EL Milan - Italy 38
Slide 39: Sheikh Zayed Grand Mosque Center, Abu Dhabi
SHEIKH ZAYED GRAND MOSQUE CENT ER Abu Dhabi - UAE 39
Slide 40: Disclaimer and Notes
DISCLAIMER AND NOTES This document has been prepared by SOMEC S.p.A. (the ‘Company’) solely for the purposes of this presentation. This document may not be reproduced or distributed in whole or in part by any other person with any way than the Company. The Company takes no responsibility for the use
Slide 41: Investor Relations
INVESTOR RELATIONS investorrelations@somecgroup.com