Slide 1: H1 Results 2025
H1 Results 2025 25 September 2025
Slide 2: Agenda
AGENDA KEY MESSAGGES H1 25 3 H1 2025 - RESULTS 5 H1 2025 AND OUTLOOK 3 COMPANY PROFILE 15 TARGET MARKET 26 APPENDIX – FINANCIAL INSTRUMENTS 31 MAGIS H1 2025 RESULTS 2
Slide 3: Key Messages
KEY MESSAGES 1H’25 results: 2025: Resilience, Innovation & process improvement, first signs of recovery in H2. >> The 1 H2025 is characterized by resilience, innovation, process improvement . After a period of contraction in the adhesive segment, in the second semester is beginning to show the first
Slide 4: Contents
CONTENTS OUTLOOK H1 2025 3 H1 2025 - RESULTS 5 COMPANY PROFILE 15 TARGET MARKET 26 APPENDIX – FINANCIAL INSTRUMENTS 31 4
Slide 5: H1 2025 - KPIs
H1 2025 - KPIS 42,4 € mln, % Revenues € mln 40,4 In the first semester, we focused on selling premium products and premium customers REVENUES € mln in a challenging market. Thanks to our two divisions and the breadth of our product portfolio, we maintained a favorable position. REVENUES 15,0 H1 2024
Slide 6: Revenues Breakdown
REVENUES BREAKDOWN REVENUES BY PRODUCT REVENUES BY GEOGRAPHIC AREA € mln € mln 93,2 17% 78,9 79,7 69,9 23% 25% 20% 42,4 40,4 83% 22% 29% 77% 75% 80% 78% 71% 2021 2022 2023 2024 H1 2024 H1 2025 Adhesive tapes Body Care 6
Slide 7: Breakdown of Sales by Product H1 2025
BREAKDOWN OF SALES BY PRODUCT H1 2025 € mln Tapes Body care Other Total >> Mix: our strength are a wide range of products >> Products higt-marigns: Our focus remains on higt-margins segment like Printed tapes, Side Tapes ,Speciality tape (Esg included) and Frontal landing, the premium product rappre
Slide 8: Net Working Capital
NET WORKING CAPITAL NET WORKING CAPITAL € mln ▪ Trade receivables: Increased due to a commercial strategy adopted in this delicate macroeconomic phase with premium customers. 8,3 16,6 1,4 1,2 We launched a customer acquisition campaign, 12,7 15,7 offering more attractive payment terms for a 17,9 17,
Slide 9: NFP Evolution H1 2025
NFP EVOLUTION H1 2025 NFP BRIDGE H1 2025 € mln 9
Slide 10: P&L H1 2025 - ITA GAAP
P&L H1 2025 - ITA GAAP PROFIT AND LOSS ACCOUNT H1 2024 H1 2025 Revenues from sales and services 42.426 40.396 In the first half of 2025, we recorded Changes in inventories of work in progress, semi-finished and finished a production value of 40,2 compared products 440 -671 Increases in fixed assets
Slide 11: Balance Sheet H1 2025 - ITA GAAP
BALANCE SHEET H1 2025 - ITA GAAP Balance Sheet 2024A H1 2025 € '000 % NIC € '000 % NIC Intangible fixed assets 3.026 2.838 Tangible fixed assets 21.701 21.869 Finacial fixed assets 5 5 Total fixed assets 24.732 76% 24.713 61% In the first half of 2025, fixed assets Inventories 17.875 16.997 remained
Slide 12: Cash Flow H1 2025
CASH FLOW H1 2025 Cash flow 2024A H1 2025 EBIT 12.108.026 2.560.217 OCF was influenced by changes in net Current, deferred and prepaid income taxes for the year (2.940.489) (662.522) working capital but is expected to Ammortisation, depreciation and write downs 3.126.348 1.694.719 normalize in the s
Slide 13: FY 2025 Outlook and Targets Update
FY 2025 OUTLOOK AND TARGETS UPDATE: Challenging H1, improving H2: positive signals of recovery expected in the second half of 2025 and beyond. Growth drivers: Two business divisions: Body Care & Adhesive Tapes. Ongoing investments in new machinery to boost efficiency and capacity. Capex pipeline: Ne
Slide 14: Contents
CONTENTS OUTLOOK H1 2025 3 H1 2025 - RESULTS 5 COMPANY PROFILE 15 TARGET MARKET 26 APPENDIX – FINANCIAL INSTRUMENTS 31 14
Slide 15: Company Highlights
COMPANY HIGHLIGHTS B2B BUSINESS MODEL WITH A Adhesive tape has a low risk of replacement in the medium-long term, given its essential nature for CROSS-SECTOR PRODUCT packaging (there are no valid alternatives) NEEDED IN MULTIPLE SECTORS CRITICAL PRODUCT WITH LOW High ability to pass on increased ope
Slide 16: Company Overview 1H25
COMPANY OVERVIEW 1H25 MAGIS S.P.A. With 10 patens devolped in-house, Magis is a leader in Italy and in Europe thank our mix of products that include the main adhesive technologies present on the market. The only closure system supplier in Italy 40,2 Mln € Revenues 1983 Unique Italian operator to be
Slide 17: Our Governance Model
OUR GOVERNANCE MODEL BOARD OF DIRECTORS CHAIRMAN CEO M. Marzi M. Blengini INDEPENDENT CFO DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR F. Marzi A. Marzi A. Dell’Acqua S. Strocchi D. Mazzaccherini SUPERVISORY BOARD HSE MANAGER ENVIRONMENTAL MANAGER M. Sanginisi M. Rosselli Production Production Comme
Slide 18: Positioning Along the Value Chain
POSITIONING ALONG THE VALUE CHAIN: INTERNAL MANAGEMENT OF THE ENTIRE PRODUCTION PROCESS Producers of raw Production Distribution Clients materials Rubbers, SUPPLIERS Plastic film Paints Printers resins, oils DIRECT BUSINESS RELATIONS Logistics SUPPLIERS OF ~ 15% revenues 2024A RAW MATERIALS FOR ADHE
Slide 19: Adhesive Tapes Product Portfolio
PRODUCT PORTFOLIO Packaging, fixing Waterproof fixing and 72% Revenues H1 2025 and canning insulation (gardening, Marketed through brands Magis & Argo Tape plumbing, etc.) ADHESIVE TAPES BOPP, BOPET DUCT TAPE PATENTS Paper ribbons for FREEZER TAPE 2626-1-IT 2664-1-EP PET tape, packaging Semi-finishe
Slide 20: Present on All Tape Technologies Except Solvent-Based
PRESENT ON ALL TAPE TECHNOLOGIES EXCEPT SOLVENT-BASED AND ON ALL MATERIALS EXCEPT PVC Magis’ perimeter Uncovered perimeter SUPPORTING MATERIALS PET PP PE PVC POLYETHYLENE PAPER POLYPROPYLENE POLYETHYLENE POLYVINYL CHLORIDE TEREPHTHALATE ▪ Also known as microphone ▪ Resistant to UV rays and ▪ General
Slide 21: Specialising in Premium Packaging Tapes
SPECIALISING IN PREMIUM PACKAGING TAPES Adhesive / Technology Type Tape Support ACRYLIC HOT MELT SOLVENT BOPP TAPE PP MOPP TAPE COMMODITY BOPET TAPE PET KRAFT TAPE CARTA CREPE TAPE DUCT TAPE SPECIALTY PE FREEZER TAPE OTHER TAPES FOR THE PET INDUSTRY COMM SPEC VARIOUS IN PVC PVC 21 Source: Management
Slide 22: Positioning with Respect to Competitors
POSITIONING WITH RESPECT TO COMPETITORS CUSTOMISED ACRYLIC HOT MELT RECYCLED SECURITY FREEZER DUCT SIDE LOOP SOLVENT COMPANY STRAPPING TAPES TAPES TAPES PET TAPES TAPES TAPES TAPES TAPES TAPES Source: Management 22
Slide 23: Magis Is Active in the ESG Sphere
MAGIS IS ACTIVE IN THE ESG SPHERE AND WELL POSITIONED TO BENEFIT FROM THE INDUSTRY SHIFT TOWARDS SUSTAINABLE SOLUTIONS SUSTAINABLE ADHESIVE TAPES ECOHIT19 PLASTIC TAX AS AN Eco-friendly, high-performance adhesive tape protected by a European patent OPPORTUNITY • Made from recycled plastic bottles: t
Slide 24: Strategy
STRATEGY M&A strategy involves the acquisition of smaller players in areas complementary and synergistic to Magis’. M&A Evaluation of Joint Ventures with foreign players in order to develop the Asian market. Preliminary study to evaluate the launch of a local unit to develop the US market. PREMIUM T
Slide 25: Contents
CONTENTS OUTLOOK & HIGHLIGHTS H1 2025 3 H1 2025 - RESULTS 5 COMPANY PROFILE 15 TARGET MARKET 26 APPENDIX – FINANCIAL INSTRUMENTS 31 25
Slide 26: The Global Adhesive Tapes Market
THE GLOBAL ADHESIVE TAPES MARKET GLOBAL ADHESIVE TAPES MARKET BY TYPE GLOBAL RESIN ADHESIVE TAPES/TECHNOLOGY MARKET $B $B 83,8 83,8 23% 63,1 63,1 57,1 59,2 57,1 59,2 45% 54,0 54,0 24% 25% 24% 25% 46% 46% 46% 46% 23% 77% 21% 22% 22% 76% 76% 21% 75% 75% 32% 33% 33% 32% 32% 2018A 2019A 2020A 2021A 2026
Slide 27: The European Adhesive Tapes Market
THE EUROPEAN ADHESIVE TAPES MARKET EUROPEAN ADHESIVE TAPES MARKET BY TYPE EUROPEAN END-USE INDUSTRY STANDARD TAPES MARKET $B $B 14.7 3.2 12.1 12.6 2.6 2.7 2.7 2.7 11.7 12.1 21% 18% 22% 18% 18% 17% 18% 23% 23% 22% 18% 20% 20% 18% 18% 79% 77% 77% 78% 78% 64% 62% 62% 65% 65% 2018A 2019A 2020A 2021A 202
Slide 28: Plastic Tax - Potential Application and Timeline
PLASTIC TAX - POTENTIAL APPLICATION AND TIMELINE ▪ The European Union under the 'European Strategy for Plastics in the Circular Economy' commits to 100% recyclable packaging plastics by 2030 Member states EUROPEAN ▪ The aim of EU Directive 2019/904 is to reduce the impact of single-use plastic produ
Slide 29: The Global Market for Nappies and Incontinence Devices
THE GLOBAL MARKET FOR NAPPIES AND INCONTINENCE DEVICES GLOBAL MARKET FOR NAPPIES AND INCONTINENCE DEVICES Millions of units 218,2 ▪ The global nappies and incontinence devices market 203,3 210,5 192,1 197,0 has experienced moderate historical growth in recent 183,9 188,0 187,1 188,2 46.3 years 45.2
Slide 30: Contents
CONTENTS OUTLOOK & HIGHLIGHTS H1 2023 3 H1 2025 - RESULTS 6 COMPANY PROFILE 17 TARGET MARKET 25 APPENDIX – FINANCIAL INSTRUMENTS 31 30
Slide 31: Current Corporate Structure and Financial Instruments
MAGIS: CURRENT CORPORATE STRUCTURE Marzi family Lazard Frères Market (historical Gestion S.A.S. shareholders) 5,20% 35,36% 59,44% ock up ordinary shares ordinary shares ordinary shares MAGIS: CURRENT FINANCIAL INSTRUMENTS ✓ 5,818,216 ORDINARY SHARES (MGS - ISIN IT0005525347) 31
Slide 32: Disclaimer
DISCLAIMER The information contained in this presentation (the “Presentation”) has been prepared by Magis S.p.A. (the “Company” or “Magis”) for the sole purpose of the presentation made to you concerning the Company. This Presentation and the information contained herein are strictly confidential. D