Slide 1: 2025 first quarter results
2 0 2 5 f i rs t q u a r t e r r e s u l t s INVESTORS LIVE STREAMING PRESEN TA TI ON
Slide 2: Disclaimer
disclaimer This presentation has been prepared by Eurotech S.p.A. (or “Eurotech”) and has to be read in conjunction with its oral presentation. The information contained in this presentation does nor purport to be comprehensive. Neither Eurotech nor any of its officers, employees, advisers or agents
Slide 3: Q1 2025 financial highlights
Q1 2025 financial highlights Revenues down 30.6% YoY following the weak order intake in H2 last year due to Industrial sector crisis in Europe and destocking in Japan Order intake +29% YoY Gross Profit Margin @ 49.6% improving 90bps YoY thanks to focalization on higher-margin products especially in
Slide 4: Business update
@eurotech business update UNLEASHING THE POWER OF THE EDG
Slide 5: ADAS business rebounding in Germany
ADAS business rebounding in Germany Customers engagement revamping after ADAS business muted in H2 2024 Total projects won over 12M€ for next 18-24 months First chunk of orders in the pocket Additional pipeline in strong progress New product: an innovative Compact Data Logger @ADAS & Autonomous Vehi
Slide 6: Record booking of NRE in Japan
record booking of NRE in Japan Destocking coming to an end Japanese subsidiary Advanet with record booking of NRE (engineering services) for new custom products for its customer base: +33% higher than average run-rate of past years This is the preamble for a new phase of volume production ramp-up in
Slide 7: Order intake +29% YoY in Q1
order intake +29% YoY in Q1… and TTM order/revenues ratio back over 1 since April 1.15 1.00 0.91 0.93 0.87 0.89 0.81 0.82 0.84 0.79 0.78 lug-24 ago-24 set-24 ott-24 nov-24 dic-24 gen-25 feb-25 mar-25 apr-25 mag-25 Orders Orders TTM Revenues Revenues TTM Ratio Orders/Revenues Ratio Orders / Revenues
Slide 8: Opex optimization update
opex optimization update Not just reduction but also redesign of organizational structure: Consolidating UK & US engineering hub into Italy Stronger integration of functions btw InoNet and Italian headquarters USA focusing only on Go-to-market & Sales Trimming external services Target of OPEX reduct
Slide 9: Road ahead: the bottom point is behind us
road ahead: the bottom point is behind us Q2 >> Q1 H2 >> H1 ADAS market in Germany coming back with roubust order intake and revenues materialising from Q2 onwards Japanese subsidiary Advanet seeding for growth in FY26 and FY27 Order intake expected +50% in H1 vs last year No direct impact from tari
Slide 10: Financial update Q1 2025
eurotech financial update Q1 2025 UNLEASHING THE POWER OF THE EDG!
Slide 11: Revenues following weak order intake in H2-24
revenues following weak order intake in H2-24 Q1 hitting the bottom All values in € million 11.9 0.1 #Legacy embedded business impacted by US customer phase-out plus destocking in Japan -2.6 8.3 #Edge AIoT contracting mainly due to -1.1 economic crisis in Germany in H2 2024 Q1 FX Delta edge Delta Q1
Slide 12: EU area consolidates first place
EU area consolidates first place breakdown by end-customer location other other 2.1 % 8.4 36.4% #Europe confirmed as first market % despite weakness in Germany JP 28.1 % Q1 Q1 #Japan still facing destocking but consolidating second place 2024 JP 36.4 2025 % 5.1 % 64.6 48.7 % EU #US shrinking in abso
Slide 13: EBITDA helped by lower break-even point
EBITDA helped by lower break-even point opex reduction strongly compensate top line weakness All values in € thousand 155 -3,370 - -36 1,371 -3,406 -3,616 -107 -3,723 75 -1,810 EBITDA Non Fx rate EBITDA ADJ Lower Better Opex Other EDITDA ADJ Non EBITDA Q1 24 Act recurrent effect Q1 24 Act Volumes GM
Slide 14: Balance sheet affected by reduction of NWC
balance sheet affected by reduction of NWC NFP improving 1.7M€ vs year-end 2024, NWC down 4.2M€ vs year-end 2024 driven by collection of with positive operating cash flow despite trade receivables despite an increase of inventory to negative EBITDA support next quarter revenues 1.2 All values in € m
Slide 15: Key takeaways Q1 2025
@eurotech key takeaways Q1 2025 UNLEASHING THE POWER OF THE EDG
Slide 16: Key takeaways
key takeaways Revenues down 30% impacted by Order booking growing steadily, last tail of destocking in Japan and estimated +50% YoY in H1. Industrial sector crisis in Europe in TTM Book-to-bill ratio back to > 1 H2-2024 since April GPM improving 90bps YoY and No direct impact from tariffs so far. Ne