Eurotech S.p.a. · MIL:ETH
Eurotech — Non-Deal Roadshow (September 2026)
37 slides from Eurotech's roadshow presentation, Sep 22, 2026
Slide 1: Eurotech Roadshow
Eurotech Roadshow
Slide 2: Today's Speakers
Today’s Speakers Massimo Milan Luca di Giacomo Group CEO Chairman | Board of Directors #2
Slide 3: About Us
ABOUT US Turning Technology Into Your Value
Slide 4: Eurotech Group
Eurotech Group Turning Technology into Your Value Rugged Compute Eurotech accelerates digitalisation and AI adoption Secure By through open, secure and certified edge solutions Design combining rugged hardware and intelligent software for demanding environments. Open With more than 30 years of exper
Slide 5: Group Competence Centres
Group Competence Centres Eurotech operates competence centres and manufacturing hubs across Europe, North America and Asia. Design & Eurotech from its HQ in Italy designs and manufactures Edge Development computing and HPC platforms, including hardware, software and services for demanding markets in
Slide 6: Eurotech Group Globally
Eurotech Group Globally Global presence. Local support. With operations across 3 global regions, Eurotech brings R&D, production and logistics capabilities closer to customers, supporting projects from initial development to global deployment. Headquarters Office R&D Hub Production Logistic Hub #6
Slide 7: Innovation Runs on Technical Talent
Innovation Runs on Technical Talent R&D INVESTMENT 5 YEARS TECH HUMAN CAPITAL PLANNED RED INVESTMENT +31% ~€47M 52% Total R&D planned for 2026- 2030, of total workforce. incl. ~€35.7M in R&D talent. 2026 2027 2028 2029 2030 TEAM EXPERIENCE MIX TECH-ENGINEERING HIRES ENTERPRISE AI PILOTS 67% 5+ Early
Slide 8: Our Numbers
Our Numbers * + 310 7 45+ 30+ PEOPLE OFFICES COUNTRIES TOTAL YEARS WORLDWIDE SERVED OF EXPERTISE Eurotech founded in 1992 4 R&D Hubs Advanet founded in 1981 3 Production Sites (part of the Group since 2007) InoNet founded in 1998 (part of the Group since 2022) Bringing together talent, expertise and
Slide 9: Eurotech Core Capabilities
Eurotech Core Capabilities A foundation of our products and customization services ELECTRONIC AND SYSTEMS DESIGN PRODUCTION SOFTWARE DESIGN SERVICES & SUPPORT #9
Slide 10: Portfolio Overview: Hardware
Portfolio Overview: Hardware Products & platforms for mission critical and demanding applications BOARDS EMBEDDED EDGE EDGE COMPUTING SERVERS RACKS Boards & sub-systems Edge AIoT Gateways Compact Server 19” Optimized CPU & carrier boards Edge computers IPC and industrial platforms Air cooled and / o
Slide 11: Cybersecurity as a Core Differentiator
Cybersecurity as a Core Differentiator Extend Eurotech’s leadership in certified cybersecurity for edge computing environments. BY D E S I G N . CY B ER S E C UR I T Y C E RT I FI ED . First Edge AI Server IEC 62443-4-2 SC-L2 First programmable IoT Gateway IEC 62443-4-2 SC-L2 #11
Slide 12: Strategy: Eurotech neXt
STRATEGY: Eurotech neXt A; “i @éu rotec
Slide 13: Long-term Outlook
Long-term Outlook 2026 2027 2028 Broader integrated offering Target: ~€80M revenues, scaling to Execution Eurotech neXt. Expansion of strategic ~€100M by 2030. Cost discipline. Focus on value, not volume. partnerships Positive EBITDA expected Higher contribution from scalable platforms, software and
Slide 14: Eurotech neXt
Eurotech neXt WHAT WE SELL HOW WE BUILD VALUE-DRIVEN SOLUTIONS TECHNOLOGY GOVERNANCE Mission-critical edge systems combining Core expertise in edge, software, AI and hardware, software, AI and services across the cybersecurity. Common architectures support customer lifecycle. reuse and scalability.
Slide 15: Eurotech neXt
Eurotech neXt An integrated technology stack governed across the customer lifecycle COMPUTE CORE Rugged boards, embedded computing and edge servers designed for demanding applications. EDGE SOFTWARE Software capabilities for data integration, application enablement and secure edge operations. EDGE M
Slide 16: Physical AI for Mission-Critical Environments
Physical AI for Mission-Critical Environments Customer value emerges from integrated, governed and securely deployed technology Eurotech neXt makes the model repeatable and scalable EUROTECH SOLUTIONS INTEGRATED TECHNOLOGY AI deployed in demanding physical Hardware, software, AI and services environ
Slide 17: Drivers of Scalable Growth
Drivers of Scalable Growth Eurotech neXt links focused market choices with a more scalable business model STRATEGIC ACCOUNT DEPTH PLATFORM REUSE Expand the range of applications supported within Reuse architectures, software and certified established, long-cycle customer relationships. components ac
Slide 18: Eurotech's Focus on Vertical Markets
Eurotech’s Focus on Vertical Markets Narrow, Deep, Differentiated: focus on mission-critical applications where integrated technologies create measurable customer value. INDUSTRIAL RAIL & ENERGY & AEROSPACE MOBILITY INFRASTRUCTURE & DEFENSE #18
Slide 19: Investment Highlights
Investment Highlights RECOVERY GAINING TRACTION LOWER OPERATING COST BASE H1 revenue increased 17.1%. Adjusted EBITDA Operating expenses decreased by €2.9m in H1 2026, improved by €2.7m, and Q2 reached break-even. increasing operating leverage as revenue recovers. MISSION-CRITICAL POSITIONING DIFFER
Slide 20: Disclaimer
Disclaimer This presentation has been prepared by Eurotech S.p.A. (or “Eurotech”) and has to be read in conjunction with its oral presen tation. The information contained in this presentation does nor purport to be comprehensive. Neither Eurotech nor any of its officers, employees, advisers or agent
Slide 21: Thank You
THANK YOU
Slide 22: Annex 01: H1 Financial
ANNEX .O1 H1 FINANCIAL @eurotech
Slide 23: H1 2026 Financial Highlights
H1 2026 Financial Highlights Revenue: €25.2m, +17.1% YoY and +23.3% at constant exchange rates. Gross profit: €12.0m, +13.7% YoY. The 47.8% margin reflected revenue mix and continuing component cost pressures, particularly in Q2. Operating expenses: €14.8m, down €2.9m YoY, confirming the structurall
Slide 24: Business Update
Business Update Eurotech joined the E4S Alliance*, bringing edge computing expertise to open standards for smart secondary substations. Japan delivered revenue growth in H1 2026 supported by demand from long-standing customers and continued confidence in the Group’s portfolio. Engagement with intern
Slide 25: Financial Results H1 2026
FIN AN CIAL R ESU LT S H1 2026 #25
Slide 26: Positive Revenues Performance H1 2026
Positive Revenues Performance H1 2026 Increase of 17.1% All values in € million 4.8 25.2 Total revenues: €25.2m vs €21.5m +17.1%, currency-neutral +23.3%) as a result of order 21.5 collection from H2 2025. -1.1 The main market segment in terms of contribution to hardware revenues (86% of total) rema
Slide 27: Europe Remains the Group's Leading Market
Europe Remains the Group’s Leading Market Revenues breakdown by end-customer location other other Geographic mix further diversified, with the US increasing its contribution, Europe remaining the Group’s largest market, and Japan 8.2% 5.3% continuing to represent a key market with growing revenues i
Slide 28: A Structurally Lower Operating Cost Base
A Structurally Lower Operating Cost Base Operational cost base significantly reduced by €2.9m from €17.7m to €14.8m, reflecting the effectiveness of the Group’s rightsizing and efficiency measures. Service costs decreased by 18.0% YoY to €4.9m, with a lower incidence on revenues at 19.6% vs. 28.0% i
Slide 29: EBITDA Improvement Driven by Revenues Increase and Costs Reduction
EBITDA Improvement Driven by Revenues Increase and Costs Reduction All values in € thousand 1,489 2,339 -769 -1,353 -367 -1,720 The first half reflects a clear -324 step forward in operating performance, driven by sales volumes and focused cost management, bringing EBITDA to a break-even level (posi
Slide 30: NFP has Benefited from Capital's Increase
NFP has Benefited from Capital’s Increase All values in € million Net Financial Position (Jun 30, 2026): €(7.2) m vs. €(16.8) m at Dec 31, 2025 with an Improvement of €9.6m whose drivers are: 10.7 Equity inflows (February 2026) -0.1 -7.2 Operating cash outflow: €(0.1)m Capex: €(0.8)m Net debt repaym
Slide 31: Lower NWC Supported by a Better Collection in Receivables
Lower NWC Supported by a Better Collection in Receivables All values in € million 3.5 Net Working Capital: €1.5m reduction, mainly driven by normal quarterly billing and collection dynamics reflected in the change of trade receivables. 9.7 0.1 Higher inventory levels to secure critical components fo
Slide 32: Annex 02: Use Cases
ANNEX .02 USE CASES @eurotech
Slide 33: Where We Play
Where We Play Target markets where our expertise creates competitive advantage REMOTE MONITORING ROLLING STOCK SMART INFRASTRUCTURE DEFENSE #33
Slide 34: Use Cases: Industrial
Use Cases: Industrial Objective: Implement a hardware and software IoT Objective: Development of inspection units with infrastructure to improve operational high computing power, ensuring efficiency at the machine, production line, compliance with cybersecurity and plant level requirements Solution:
Slide 35: Use Cases: Transportation & Mobility
Use Cases: Transportation & Mobility MISSION MISSION Objective: Securely deploy and manage Edge AI CR ITICAL CR ITICAL Objective: Create a unified digital platform that applications on vehicles for highway and provides a real-time digital twin of road maintenance, improving operational locomotives,
Slide 36: Use Cases: Energy & Grids
Use Cases: Energy & Grids MISSION Objective: Increase operational efficiency and CR ITICAL Objective: Improve operational efficiency competitiveness, as well as enable new through continuous monitoring of services, by creating a new level of asset performance and enabling monitoring and recording, c
Slide 37: Use Cases: Aerospace & Defense
Use Cases: Aerospace & Defense MISSION MISSION Objective: Develop a system to interface with CR ITICAL CR ITICAL Objective: Select an embedded CPU board with combat aircraft on the ground and the functional and operational to perform diagnostics and manage characteristics required to equip data tran