Eurotech S.p.a. · MIL:ETH

Eurotech — FY2020 Earnings Presentation

16 slides from Eurotech's earnings presentation, Mar 16, 2021

1. Slide 1: 2020 Full Year Results Conference Call

   Imagine. Build. Succeed. 2020 FULL YEAR RESULTS CONFERENCE CALL March 16th, 2021

2. 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

3. Slide 3: Imagine. Build. Succeed.

   ON a (= FUROTECH -=/LVIANVI LVI Imagine. Build. Succeed.

4. Slide 4: Revenues December 2020-2019 (€/000)

   REVENUES 31 December 2020-2019 (€/000) 101,973 @EUROTECH

5. Slide 5: Revenues by Geographic Area December 2020-2019 (€/000)

   REVENUES BY GEOGRAPHIC AREA 31 December 2020-2019 (€/000) €'000 BREAKDOWN BY GEOGRAPHIC AREA European Union United States Japan Other TOTAL SALES AND SERVICE REVENUES 12M 2020 16.263 24.840 24.001 4.155 69.259 % 235% 35,9% 34,7% 6,0% 100,0% 1o) 12M 2019 22.427 46.669 26.752 6.125 101.973 100,0% var.

6. Slide 6: Gross Profit Margin December 2020-2019 (€/000)

   @EUROTECH GROSS PROFIT MARGIN 31 December 2020-2019 (€/000) 50.9% 32./°70 12M = 2020 ™2019

7. Slide 7: EBITDA December 2020-2019 (€/000)

   EBITDA 31 December 2020-2019 (€/000) 20.1% 9.6% 12M = 2020 = 2019 @EUROTECH

8. Slide 8: EBIT December 2020-2019 (€/000)

   EBIT 31 December 2020-2019 (€/000) 16.3% 12M = 2020 =2019 @EUROTECH

9. Slide 9: 25.000 20.000 15.000 10.000 5.000 12M 12M

   25.000 20.000 15.000 10.000 5.000 0 12M 12M 9

10. Slide 10: Net Debt - Cash Positive December 2020-2019-2018 (€/000)

    NET DEBT - CASH POSITIVE 31 December 2020-2019-2018 (€/000) 12,249 8,548 at Dec 31,2020 at Dec 31,2020 at Dec 31, 2019 at Dec 31, 2018 (NO IFRS 16) (NO IFRS 16) (NO IFRS 16) 10 @EUROTECH

11. Slide 11: 140.000 120.000 100.000 80.000 60.000 40.000 20.000

    140.000 120.000 100.000 80.000 60.000 40.000 20.000 0 11

12. Slide 12: Net Working Capital December 2020-2019-2018 (€/000)

    NET WORKING CAPITAL 31 December 2020-2019-2018 (€/000) at Dec 31, 2020 @EUROTECH “WW at Dec 31, 2019 at Dec 31, 2018 12

13. Slide 13: Employees

    EMPLOYEES Headcount at the end of each period @EUROTECH at Dec 31, 2020 302 at Dec 31, 2019 at Dec 31, 2018 13

14. Slide 14: Consolidated Income Statement

    CONSOLIDATED INCOME STATEMENT €'000 12M 2020) % 12M 2019 % OPERATING RESULTS SALES REVENUES 69,259) 100.0% 101,973 100.0% GROSS PROFIT 36,518 52.7% 51,951 50.9% EBITDA 6,632 9.6% 20,535 20.1% EBIT 2,439) 3.5% 16,611 16.3% PROFIT (LOSS) BEFORE TAXES 1,832 2.6% 16,125 15.8% GROUP NET PROFIT (LOSS) FOR

15. Slide 15: Consolidated Balance Sheet

    CONSOLIDATED BALANCE SHEET at Dec 31, 2020 at Dec 31, 2019 (€'000) LIABILITIES AND EQUITY at Dec 31,2020 at Dec 31, 2019 (e000) Share capital 8,879 8,879 Share premium reserve 136,400 136,400 ASSETS Other reserves (26,415) (20,623) Intangible assets 86,775 88,905 Group shareholders’ equity 118,864 1

16. Slide 16: Thank You!

    Thank You! www.eurotech.com

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