Slide 1: 1H 2025 Results Presentation
TH’2025 Results Presentation July 30, 2025 FINCANTIERI www. fincantieri.com
Slide 2: Agenda
Slide 3: 1H 2025 key highlights
1H 2025 Group performance FINCANTIERI 1H 2025 key highlights Revenues EBITDA Net result Order intake Net debt [ +24.3% l +45.3% — €min 4,576 311 ane 35 1H 2024 1H 2025 1H 2024 1H 2025 1H 2024 1H 2025 FY 2024 1H 2025 1H 2024 1H 2025 Significant revenue growth, up 24.3% YoY, reaching € 4,576 min Stron
Slide 4: Profitable growth trend continues in 1H 2025
Profitable growth trend continues in 1H 2025 1H 2025 Revenues € 4.6 bn 424.3% vs1H 2024 EBITDA margin 6.8% +100 bps ws 1h 2024 € 1.64 bn 2.7x Net debt / EBITDA
Slide 5: Significant order intake and all time high total backlog
1H 2025 Group performance FINCANTIERI Significant order intake at € 14.7 bn and all time high total backlog equal to 7.1 times FY 2024 revenues 1H 2025 Order intake! € 14.7 bn Book-to-bill 3.2x significantly improving vs 1H 2024 Backlog € 41.9 bn +35.1% sev 2024 € 57.7 bn 7.1x FY 2024 revenues
Slide 6: Strong commercial pipeline of ~€23 bn across all segments
1H 2025 Group performance FINCANTIER! Strong commercial pipeline of ~ € 23 bn across all segments rr _ NCL, Crystal and Viking orders Shaping the future of sustainable maritime transportation 2 PPA for the Italian 2 vessels for Dong Near Future Navy Fang Offshore Submarine U212 Consolidating the str
Slide 7: Profound order book with visibility up to 2036
1H 2025 Group performance Profound order book with visibility up to 2036 FINCANTIER! Total backlog! of € 57.7 bn, equal to 7.1x FY 2024 revenues? Backlog Soft backlog? at € 15.8 bn, further supporting the commercial pipeline 13 ships delivered (3 Cruise, 1 Naval, 9 Offshore) with 100 units in portfo
Slide 8: Key strategic developments
1H 2025 Group performance FINCANTIERI Key strategic developments Digital Ecosystem Industrial Sustainability Strategic role as Technological Integrator Fincantieri Ingenium, JV to enhance the CircularYard, NewCo to develop an innovative in the Underwater domain offering of digital services and syste
Slide 9: Slide 9
Slide 10: Order intake at €14.7 bn, book-to-bill 3.2x
Financial results FINCANTIERL Order intake at € 14.7 bn, almost equal to the entire FY 2024 (€ 15.4 bn), and book-to-bill at 3.2x Order intake breakdown by segment (€ min) Shipbuilding Offshore and Specialized vessels mm Underwater Shipbuilding at € 14.0 bn = 4 cruise ships for Norwegian Cruise Line
Slide 11: New record backlog at €57.7 bn
Financial results FINCANTIERL New record backlog at € 57.7 bn Total backlog! breakdown by segment (Emin mm Shipbuilding mm Offshore and Specialized vessels mm Underwater mES! mm Eliminations #Soft backlog? Backlog ey re = Total backlog at € 57.7 bn, approximately 7.1 times FY 2024 revenues coverage?
Slide 12: Revenues at €4.6 bn, up 24.3% YoY
Financial results Revenues at € 4.6 bn, up 24.3% YoY FINCANTIER! Revenues breakdown by segment! and (%) of total revenues € mind wo m™ Cruise mm Naval Ship Interiors "Offshore and Specialized vessels Shipbuilding revenues at € 3,355 mln representing 68.0% of total revenues, mmUnderwater mm ESI mm El
Slide 13: EBITDA up 45.3% with margin increasing 100 bps
Financial results FINCANTIERL EBITDA up 45.3% to € 311 min, with margin increasing 100 bps YoY EBITDA breakdown by segment! and EBITDA margin (%) (€ min) mm Shipbuilding mm Offshore and Specialized vessels mm Underwater mmESI mm Eliminations Shipbuilding EBITDA at € 218 mln, rising by 40.1% YoY, wit
Slide 14: Sustainable profit growth
Financial results Sustainable profit growth Bridge EBITDA to Net result (€ min) (155) 156 (31) (18) —— ‘8 | = Ef EBITDA EBIT Financial Inc/Exp, Taxes Adjusted Net Result Extraordinary Items Tax Effect Net Result Inc/Exp from investments Positive Net result at € 35 mln, significantly improving vs 1H
Slide 15: Deleveraging path accelerating
Financial results Deleveraging path accelerating FINCANTIER! Net debt Long term debt maturity profile (as of June 30, 2025) € mind Emin) (2,424) (1,668) (1,644) 529 otf 438 92 318 430 215 (1,645) (1,627) ests —_— 1H 2024 FY 2024 1H 2025 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 Hi Current financial re
Slide 16: Net Working Capital movements
Financial results Net Working Capital movements Net Working Capital! breakdown FINCANTIER! (€ min) (177) (425) (456) (239) (212) (213) 1H 2024 FY 2024 1H 2025 HB inventories and advances to suppliers Wlother current assets and liabilities HiConstruction contracts and client advances {Mi Trade payabl
Slide 17: Slide 17
Slide 18: Concluding remarks
Concluding remarks Concluding remarks = Continuing to deliver strong operational and financial results ahead of Business Plan targets, with leverage ratio target delivered three years ahead of plan Impressive 100 bps margin increase reaching 6.8% in 1H 2025, with increasing cash flows Profound backl
Slide 19: Q&A
Slide 20: Investor Relations contacts
1H 2025 results Investor Relations contacts INSTITUTIONAL INVESTORS investor.relations@fincantieri.it INDIVIDUAL SHAREHOLDERS azionisti.individuali@fincantieri.it FINCANTIER!
Slide 21: Slide 21
Slide 22: Innovation Inclusion Integrity
Innovation Inclusion Integrity
Slide 23: Focus on Shipbuilding
‘Appendix Focus on Shipbuilding Orders, backlog and deliveries Revenues EBITDA FINCANTIER! Technical Capex = Orders: € 14,008 min (€ 6,025 min in 1H 2024) = Backlog: € 35,097 min (€ 24,282 min in FY 2024) = Deliveries: = “Norwegian Aqua”, the first Prima Plus class ship for Norwegian Cruise Line Hol
Slide 24: Focus on Offshore and Specialized vessels
Appendix Focus on Offshore and Specialized vessels Orders, backlog and deliveries Revenues EBITDA FINCANTIER! Technical Capex (Emin) = Orders: € 321 min (€ 762 min in 1H 2024) = Backlog: € 1,795 min (€ 2,192 min in FY 2024) = Deliveries: 1 cable layer for Prysmian 1 research expedition vessel 582 1
Slide 25: Focus on Underwater
‘Appendix Focus on Underwater FINCANTIER! Orders, backlog and deliveries Revenues EBITDA Technical Capex Emin enim —_ Emin) * Orders: € 168 min (€ 721 mln in 1H (6 ax» 9 224) Case) 7.0% = Backlog: € 2,746 min (€ 2,300 min in FY 2024) 274 47 150 an 1H 2024 1H 2025 1H 2024 1H 2025 1H 2024 1H 2025 = Re
Slide 26: Focus on Equipment, Systems and Infrastructure
‘Appendix Focus on Equipment, Systems and Infrastructure FINCANTIER! Orders, backlog and deliveries Revenues EBITDA Technical Capex Emin a —_ €min = Orders: € 522 min (€ 442 min in 1H E20, 9 2024) 3% (69s %) = Backlog: € 2,979 min (€ 2,916 min in FY 2024) 602 661 14 46 12 32 1H 2024 1H 2025 1H 2024
Slide 27: Safe harbour statement
Appendix FINCANTIERI Safe harbour 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," inte
Slide 28: FINCANTIERI
FINCANTIERI