Sanlorenzo S.p.a. · MIL:SL
Sanlorenzo — Investor Day (May 2026)
62 slides from Sanlorenzo's investor day presentation, May 8, 2026
Slide 1: Sanlorenzo 2026-2028 Business Plan
SANLORENZO 2026-2028 BUSINESS PLAN 8 MAY 2026 BUSINESS PLAN 2026 1
Slide 2: Sector Leading Management Team
SECTOR LEADING MANAGEMENT TEAM TOP MANAGEMENT MASSIMO PEROTTI TOMMASO VINCENZI GIANGUIDO GIROTTI PIER FRANCESCO ACQUAVIVA ATTILIO BRUZZESE Chairman & Group CEO Sanlorenzo brand CEO Nautor Swan and Bluegame CEO Chief Corporate Officer Group CFO (Incoming) BUSINESS PLAN 2026 2
Slide 3: Agenda: Track-record and Highlights
AGENDA CONTENT & SPEAKER 01 TRACK-RECORD AND HIGHLIGHTS BUSINESS PLAN 2026 01 TRACK-RECORD AND HIGHLIGHTS MASSIMO PEROTTI Chairman & Group CEO 02 MARKET TRENDS 03 STRATEGIC PRIORITIES PIONEERING TECHNOLOGY YACHT DEVELOPMENT OPERATIONAL EXCELLENCE DISTRIBUTION NETWORK BRAND AND OWNER CENTRIC APPROACH
Slide 4: Highlights 2023-2025
HIGHLIGHTS 2023-2025 BUSINESS PLAN 2026 4
Slide 5: Consistently achieved all targets, across market conditions
CONSISTENTLY ACHIEVED ALL TARGETS, ACROSS MARKET CONDITIONS TRACK-RECORD AND HIGHLIGHTS Guidance achieved €mln EBITDA2 Net Profit Net Revenue New Yacht1 960 930 840 181 176 107 103 741 158 93 130 74 586 51 96 35 456 458 71 66 27 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025 2
Slide 6: Strong financial performance
STRONG FINANCIAL PERFORMANCE TRACK-RECORD AND HIGHLIGHTS 2022 – 2025 2025 2019 – 2025 REVENUE¹ EBITDA ROIC 9.0% CAGR 18.8% Margin > 20 % 5.0% ORGANIC 19.5% organic PER YEAR LEADERSHIP AND PROFITABILITY EBITDA² DIVIDEND WITH EBIT ASSET LIGHT BUSINESS MODEL 11.7% CAGR CUM. € 164 mln AND 14.6% Margin B
Slide 7: Intensively strengthened Maison's assets
INTENSIVELY STRENGTHENED MAISON’S ASSETS TRACK-RECORD AND HIGHLIGHTS DIRECT DISTRIBUTION INSOURCED COMPETENCES EMISSIONS EDGE-TECHNOLOGIES UNIQUE GLOBAL DIRECT NETWORK BEST-IN-CLASS TARGETS ACHIEVED MED HYDROGEN FOILING FITTING Ramp-up phase completed America’s Cup Cannes Monaco Palma ELECTRICAL SYS
Slide 8: Exceptional success of latest model world premieres
EXCEPTIONAL SUCCESS OF LATEST MODEL WORLD PREMIERES TRACK-RECORD AND HIGHLIGHTS SL110A - Iconic flybridge with Asymmetric SX120 - Flagship of revolutionary Cross-over SD132 - Flagship composite semi-displacement patented design, increasing onboard space range, best-in-class beach-area featuring mult
Slide 9: Order intake consistently growing for 7 consecutive quarters
ORDER INTAKE CONSISTENTLY GROWING FOR 7 CONSECUTIVE QUARTERS TRACK-RECORD AND HIGHLIGHTS Order Intake growing YoY since Q3 2024 €m €M 930 960 840 Nautor Swan acquired backlog 253 230 208 1X Book-to-Bill 96 Q1 2026 253 260 270 +25.4% vs 181 241 Q1 2025 155 170 223 1,070 168 178 1,042 1,020 1,002 Net
Slide 10: Sanlorenzo brand leader in the 30-40mt market sweet spot
SANLORENZO BRAND LEADER IN THE 30-40MT MARKET SWEET SPOT KEY ACHIEVEMENTS 30-40 METERS CUMULATIVE LAST 10 YEARS DELIVERIES BY BRAND1 (2015-2024 number of units) SANLORENZO 141 SANLORENZO KEY DIFFERENTIATING FACTORS: Ferretti Group • CUSTOM LINE 87 combined: 123 PRICE LEADERSHIP Azimut Benetti • ~10
Slide 11: Upsides not included in the 2028 outlook
UPSIDES NOT INCLUDED IN THE 2028 OUTLOOK TRACK-RECORD AND HIGHLIGHTS Shocks have delayed some GEOPOLITICAL STABILIZATION order decisions (factored-in) Acquisition of third-party structure REFIT required In case of better-than-expected UNTAPPED GEOGRAPHIES take-up BUSINESS PLAN 2026 11
Slide 12: Continued path of sustainable growth, superior resilience
CONTINUED PATH OF SUSTAINABLE GROWTH, SUPERIOR RESILIENCE TRACK-RECORD AND HIGHLIGHTS 2026 2028 €m 2019 2020 2021 2022 2023 2024 2025 Guidance Outlook NET REVENUE NEW YACHT1 455.9 457.7 585.9 740.7 840.2 930.4 960.4 980-1.020 YOY GROWTH % +0.4% +28.0% +26.4% +13.4% +10.7% +3.2% ≥ 6% CAGR +4.1% EBITD
Slide 13: Pillars of Sanlorenzo Group medium-term strategy
PILLARS OF SANLORENZO GROUP MEDIUM-TERM STRATEGY TRACK-RECORD AND HIGHLIGHTS 2026-2028 STRATEGY CONTINUE TO STRENGTHEN LEADERSHIP POSITION AND MAIN COMPETITIVE ADVANTAGES BRAND INNOVATION UNIQUE AND PIONEERING OPERATIONAL WITHIN DISTRIBUTION OWNER TECHNOLOGY EXCELLENCE TRADITION NETWORK CENTRIC APPR
Slide 14: Market Trends
AGENDA CONTENT & SPEAKER 02 MARKET TRENDS BUSINESS PLAN 2026 01 TRACK-RECORD AND HIGHLIGHTS 02 MARKET TRENDS IVAN CUTRUFELLO Head of IR, Finance and M&A 03 STRATEGIC PRIORITIES PIONEERING TECHNOLOGY YACHT DEVELOPMENT OPERATIONAL EXCELLENCE DISTRIBUTION NETWORK BRAND AND OWNER CENTRIC APPROACH 04 FIN
Slide 15: Sanlorenzo club of connoisseur owners
SANLORENZO 2A CLUB OF CONNOISSEUR OWNERS KEY CUSTOMERS TRENDS 3.5 YEARS >70% AVERAGE TIME BETWEEN 75% REPEAT BUYERS AVERAGE UPSELLING RE-PURCHASE UPSIZE OVER TIME since 2020. When comparing the value of the latest Before 2020, the average time purchase of a repeat customer with the value between rep
Slide 16: Wellness & longevity increasing importance priority
WELLNESS 2A & LONGEVITY INCREASING IMPORTANCE PRIORITY KEY MARKET TRENDS • Wellness Economy is the Third-Largest Spending with USD 6.76 trillions across sectors WELLNESS ECONOMY SECTORS EXPECTED CAGR • Double-digit growth on Real Assets, Springs and Tourism, those most similar to Luxury Yachting (20
Slide 17: 30-75m yachts market expected to grow 5.7% CAGR to 2028
30-75M 2A YACHTS MARKET EXPECTED TO GROW 5.7% CAGR TO 2028 KEY MARKET TRENDS 2025 MARKET RESEARCH ESTIMATES (25 -28) FUTURE MEGATRENDS CAGR Yachts 30-75 meters range 25-28 HIGHEST NUMBER USD 5.9 TRILLIONS OF NEW SELF-MADE BILLIONAIRES wealth to be transferred to billionaire children Volume # Units 1
Slide 18: Italian shipyards continue to gain market share
ITALIAN 1 SHIPYARDS CONTINUE TO GAIN MARKET SHARE 1A KEY MARKET TRENDS # OF YACHTS >24MT IN-BUILD AT YEAR-END OF EACH YEAR1 % ITALIAN BUILDERS GLOBAL SHARE 1 ITALIAN STRUCTURAL ADVANTAGE 52% • Craftmanship 49% • Industrial efficiency 1,203 1,166 46% 1,138 1,093 • Local ecosystem 1,024 • Italian desi
Slide 19: Top 3 Italian yachting groups consistently outperforming
TOP 3 ITALIAN YACHTING GROUPS CONSISTENTLY OUTPERFORMING KEY MARKET TRENDS TOP 3 ITALIAN YACHTING PLAYERS COMBINED REVENUE AND EBITDA MARGIN TREND1 16.8% w/o € million Sanlorenzo 16.9% 17.4% CONSOLIDATION HAS BEEN ONGOING SINCE THE 2000S, 15.6% PARTICULARLY IN THE 30-50MT SEGMENT, 3,600 WITH CRISES
Slide 20: Sanlorenzo's leadership in the market sweet spot, 30-40mt
SANLORENZO’S LEADERSHIP IN THE MARKET SWEET SPOT, 30-40MT KEY MARKET TRENDS 30-40 METERS CUMULATIVE LAST 10 YEARS DELIVERIES BY BRAND (2015-2024 number of units) SANLORENZO REINFORCES ITS HISTORICAL LEADERSHIP, COMBINING: • Highest profitability (19.5% EBITDA Margin) SANLORENZO 141 • Fewer models mo
Slide 21: Untapped refit upside opportunity
UNTAPPED REFIT UPSIDE OPPORTUNITY KEY MARKET TRENDS STRENGTHENING THE CUSTOMER VALUE PROPOSITION, WHILE UNLOCKING THE POTENTIAL FOR RECURRING, HIGH-MARGIN REVENUE STREAMS SUPPORTED BY A GROWING INSTALLED BASE AND AN AGEING FLEET Global Fleet Evolution of Yachts 30+ meters Global Fleet Evolution of Y
Slide 22: Pioneering Technology
AGENDA CONTENT & SPEAKER 03 PIONEERING TECHNOLOGY BUSINESS PLAN 2026 01 TRACK-RECORD AND HIGHLIGHTS 02 MARKET TRENDS 03 STRATEGIC PRIORITIES PIONEERING TECHNOLOGY MASSIMO PEROTTI Chairman & Group CEO YACHT DEVELOPMENT OPERATIONAL EXCELLENCE DISTRIBUTION NETWORK BRAND AND OWNER CENTRIC APPROACH 04 FI
Slide 23: Inauguration of Design and Innovation Lab
INAUGURATION OF “DESIGN AND INNOVATION LAB” PIONEERING TECHNOLOGY DESIGN & INNOVATION LAB A SECURE SPACE FOR INNOVATION TO THRIVE: NEW CENTRALIZED DEPARTMENT COLLECTING IN-HOUSE EXPERTISE ENSURING CONSISTENCY IN AND PARTNER ARCHISTARS STYLE AND TECHNICAL CONTENTS CROSS-FERTILIZATION OF INNOVATION AC
Slide 24: R&D streams to enhance and protect the competitive edge
R&D STREAMS TO ENHANCE AND PROTECT THE COMPETITIVE EDGE PIONEERING TECHNOLOGY 1 2 3 4 5 SUSTAINABILITY & INNOVATIVE DIGITAL & SYSTEM PROCESS IP & PROPULSION MATERIAL INTEGRATION INNOVATION GOVERNANCE • Bi-fuel & alternative fuels • Eco composites • Monitoring system & AI • AI • Patents • Fuel cell •
Slide 25: Privileged innovation partner to leading propulsion players
PRIVILEGED INNOVATION PARTNER TO LEADING PROPULSION PLAYERS PIONEERING TECHNOLOGY PARALLEL HYBRID ELECTRIC VESSEL 2026 → SHE (HYBRID AS STANDARD CONFIGURATION) TECH PLATFORM EXTENSION TO 2028: SX76 SX88 SX100 BUSINESS PLAN 2026 25
Slide 26: Research into sustainable technologies and applications
RESEARCH INTO SUSTAINABLE TECHNOLOGIES AND APPLICATIONS PIONEERING TECHNOLOGY AT THE FOREFRONT OF BI-FUEL TECHNOLOGY, WITH SOLUTIONS ALREADY IN PLACE TO SCALE AS MARKET ECOSYSTEM EVOLVES 1. Life Mystic (50mt Superyacht Bi-fuel) BIFUEL & ALTERNATIVE FUELS 2. Methanol and bio-methanol on-board systems
Slide 27: Yacht Development
AGENDA CONTENT & SPEAKER 03 YACHT DEVELOPMENT BUSINESS PLAN 2026 01 TRACK-RECORD AND HIGHLIGHTS 02 MARKET TRENDS 03 STRATEGIC PRIORITIES PIONEERING TECHNOLOGY YACHT DEVELOPMENT MASSIMO PEROTTI Chairman & Group CEO OPERATIONAL EXCELLENCE DISTRIBUTION NETWORK BRAND AND OWNER CENTRIC APPROACH 04 FINANC
Slide 28: New model mix upscaling, in size and innovation content
NEW MODEL MIX UPSCALING, IN SIZE AND INNOVATION CONTENT YACHT DEVELOPMENT SL110A - Iconic flybridge with Asymmetric SX120 - Flagship of revolutionary Cross-over SD132 - Flagship composite semi-displacement patented design, increasing onboard space range, best-in-class beach-areas featuring multi-dec
Slide 29: Robust pipeline to be introduced to the market in 2026
ROBUST PIPELINE TO BE INTRODUCED TO THE MARKET IN 2026 YACHT DEVELOPMENT RELEASE CADENCE FOR 2026 SL80A SX136 1150 EXP SD98 NEW MODEL UNVEIL NEW MODEL UNVEIL NEW MODEL UNVEIL NEW MODEL UNVEIL YACHT YACHT SUPERYACHT YACHT NEW BG64 MODEL PREMIERE COMPLETING BG RANGE NEW BGX83 FLAGSHIP DUSSELDORF PREMI
Slide 30: Monobrand strategy for each market, with no overlaps
MONOBRAND STRATEGY FOR EACH MARKET, WITH NO OVERLAPS YACHT DEVELOPMENT SHARING AN ABSOLUTE LUXURY POSITIONING REINFORCED BY SCARCITY PHILOSOPHY AND DESIRABILITY Size limit to avoid upselling one-off construction risk 13mt 24mt 75mt 13mt 40mt Motor-boats niche Motor-yachts monobrand Sailing-yachts mo
Slide 31: SL and BG continuous product development supporting growth
SL AND BG CONTINUOUS PRODUCT DEVELOPMENT SUPPORTING GROWTH IN VOLUME AND ASP YACHT DEVELOPMENT SANLORENZO AND BLUEGAME PLANNED PORTFOLIO EXPANSION FROM 35 MODELS TO 39, INCLUDING 9 MODEL UPDATES SANLORENZO INTRODUCING A NEW PRODUCT LINE 2022 2025 2028 LINES 1 NEW 3 UPDATES 4 NEW 3 UPDATES Yacht 8 9
Slide 32: A timeless approach to new product development
A TIMELESS APPROACH TO NEW PRODUCT DEVELOPMENT YACHT DEVELOPMENT ~10 YEARS AVERAGE LIFETIME, MORE THAN DOUBLE THE INDUSTRY SUPPORTING HIGHER VALUE IN SECOND-HAND MARKET AND HIGHER RETURN ON CAPITAL INVESTED IN PRODUCT DEVELOPMENT 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Slide 33: Nautor Swan new product lines drive growth
NAUTOR SWAN NEW PRODUCT LINES DRIVE GROWTH YACHT DEVELOPMENT EXISTING BUSINESS STREAMS NEW PRODUCT LINES & M/Y RENEWAL Classic sailing DNA Carbon fiber Sailing Racing line Refit and other Alloy sailing yachts Bluewater sailing Motor boats niche yachts >80ft services yachts 51-73 ft 28-50 ft 44-65 mt
Slide 34: New Swan Alloy line, adding a new market segment
NEW SWAN ALLOY LINE, ADDING A NEW MARKET SEGMENT YACHT DEVELOPMENT • Swan Alloy 44: first aluminum Swan and new flagship at 43.5m with advanced hybrid energy solutions • Project reflects the brand’s entrance in the market segment of large sailing superyachts • Aluminum hull construction in the Nethe
Slide 35: Swanscape – extending Nautor Swan universe into bluewater cruising
SWANSCAPE – EXTENDING THE NAUTOR SWAN UNIVERSE INTO BLUEWATER CRUISING YACHT DEVELOPMENT BROADEN THE RANGE IN SAILING YACHTS REPLICATING THE SANLORENZO PATH IN MOTOR YACHTS SINCE 2004, SHARING THE SAME FUNDAMENTAL PHILOSOPHY SWANSCAPE 24 More comfort-oriented, long-range Preserves Swan’s heritage an
Slide 36: Nautor Swan enters new segments optimising the mix
NAUTOR SWAN ENTERS NEW SEGMENTS OPTIMISING THE MIX YACHT DEVELOPMENT NEW ALLOY AND BLUEWATER LINES POTENTIALLY DOUBLING NAUTOR SWAN REVENUE IN THE MID-TERM 2028 2025 NEW ENTRY IN UNTAPPED MARKET SEGMENT BLUEWATER LINE NEW ALLOY LINE 1 NEW 1 SWAN ALLOY 50 BY MALCOM MCKEON Maxi 2 1 5 Maxi 4 7 17 15 1
Slide 37: Operational Excellence
AGENDA CONTENT & SPEAKER 03 OPERATIONAL EXCELLENCE BUSINESS PLAN 2026 01 TRACK-RECORD AND HIGHLIGHTS 02 MARKET TRENDS 03 STRATEGIC PRIORITIES PIONEERING TECHNOLOGY YACHT DEVELOPMENT OPERATIONAL EXCELLENCE TOMMASO VINCENZI Sanlorenzo brand CEO DISTRIBUTION NETWORK BRAND AND OWNER CENTRIC APPROACH 04
Slide 38: Path towards operational excellence
PATH TOWARDS OPERATIONAL EXCELLENCE OPERATIONAL EXCELLENCE HARMONIZATION PATHWAY OF GROUP INFRASTRUCTURES TECHNOLOGY & INFRASTRUCTURES NEW CROSS-FUNCTIONAL ENTITY OVERSEEING GROUP INFRASTRUCTURES AND CONTINUOUS PROCESS OPTIMIZATION ENABLED BY TECHNOLOGY. TECHNOLOGICAL SOLUTIONS SUPPORTING OPERATIONA
Slide 39: Augmented reality enhancing production efficiency
AUGMENTED REALITY ENHANCING PRODUCTION EFFICIENCY OPERATIONAL EXCELLENCE NET SPACE • 3D Design process defining interface between the outfitting space and the technical system spaces, integrating (i) key interfaces, (ii) fit-out requirements, and (iii) HVAC specifications • Proper setup of this desi
Slide 40: AI first-adoption applications
AI FIRST-ADOPTION APPLICATIONS OPERATIONAL EXCELLENCE AI ADOPTION ASSESSMENT Starting in 2026, the Group will embark on a journey to promote the adoption of AI within the organization through the onboarding of a dedicated manager, with a primary focus on: • Training and internal awareness • Technica
Slide 41: Main investments in production capacity already planned
MAIN INVESTMENTS IN PRODUCTION CAPACITY ALREADY PLANNED OPERATIONAL EXCELLENCE OPERATIONAL EXCELLENCE BUILT ON FOOTPRINT OPTIMIZATION AND TARGETED CAPACITY ADDITIONS ON ALREADY-OWNED LAND PROPERTY NEW «M» SHED IN AMEGLIA ARBATAX PLANT DEVELOPMENT BRESCIA PLANT New capacity for Yacht Division and opt
Slide 42: Capex execution in line with business plan
CAPEX EXECUTION IN LINE WITH BUSINESS PLAN OPERATIONAL EXCELLENCE ORGANIC CAPEX ROADMAP TO ENHANCE CAPACITY, TARGETING OPTIMAL BALANCE BETWEEN EFFICIENCY, PRESERVATION OF SCARCITY AND NEW ORDERS DELIVERY TIME +10% Capacity upside • Production capacity 2025 of >140k square meters (including ~15k of N
Slide 43: Distribution Network
AGENDA CONTENT & SPEAKER 03 DISTRIBUTION NETWORK BUSINESS PLAN 2026 01 TRACK-RECORD AND HIGHLIGHTS 02 MARKET TRENDS 03 STRATEGIC PRIORITIES PIONEERING TECHNOLOGY YACHT DEVELOPMENT OPERATIONAL EXCELLENCE DISTRIBUTION NETWORK TOMMASO VINCENZI Sanlorenzo brand CEO BRAND AND OWNER CENTRIC APPROACH 04 FI
Slide 44: Untapped opportunities in several attractive markets
UNTAPPED OPPORTUNITIES IN SEVERAL ATTRACTIVE MARKETS DISTRIBUTION NETWORK Untapped opportunities for Sanlorenzo Recently established local presence Direct Distribution arms EUROPE Sanlorenzo MED Untapped West Coast Sanlorenzo of the Americas APAC Gaining Simpson Market share Marine BUSINESS PLAN 202
Slide 45: Superyacht – sales network development strategy
SUPERYACHT – SALES NETWORK DEVELOPMENT STRATEGY DISTRIBUTION NETWORK CENTRAL ROLE OF DIRECT DISTRIBUTION HUBS Appointment of a dedicated, highly-trained Superyacht specialist supporting prospect management and early-stage negotiations Promotion of synergies between direct distribution hubs and broke
Slide 46: Brand & Owner-Centric Approach
AGENDA CONTENT & SPEAKER 03 BRAND & OWNER-CENTRIC APPROACH BUSINESS PLAN 2026 01 TRACK-RECORD AND HIGHLIGHTS 02 MARKET TRENDS 03 STRATEGIC PRIORITIES PIONEERING TECHNOLOGY YACHT DEVELOPMENT OPERATIONAL EXCELLENCE DISTRIBUTION NETWORK BRAND AND OWNER CENTRIC APPROACH RENATO BISIGNANI Group CMO 04 FIN
Slide 47: Foundations for growth through brand elevation and scarcity-driven model
FOUNDATIONS FOR GROWTH THROUGH BRAND ELEVATION AND SCARCITY-DRIVEN MODEL MAINTAIN TIGHT CONTROL OVER PRODUCT AVAILABILITY AND PRICE POSITIONING NETWORK EXPANSION AND DIRECT TECHNOLOGICAL PROGRESS WITH DIVERSIFYING PRODUCT OFFERING BUILDING ON BRAND ICONICITY DISTRIBUTION DESIGN-LED INNOVATIONS Bolst
Slide 48: A brand platform with clear values and perception fundamentals
A BRAND PLATFORM WITH CLEAR VALUES AND PERCEPTION FUNDAMENTALS LIKE THE SEA ITSELF, SANLORENZO IS NEVER-CHANGING IN ITS EVER-CHANGING NATURE: TIMELESS – AND OF TOMORROW A new positioning to further elevate the value and perception of the brand, beyond yachting. VISIONARY ATTITUDE AND TIMELESS ELEGAN
Slide 49: Sanlorenzo club of connoisseur owners
SANLORENZO CLUB OF CONNOISSEUR OWNERS A UNIQUE ASSET BEHIND RESILIENCY AND PREDICTABLE, MEASURED GROWTH OVER TIME CONSISTENTLY GROWING CUSTOMER BASE, WITH A STRONG AND SUSTAINED LOYALTY RATE Launching ceremony of 50Steel with Reformer fuel-cell system Elite Days Spring 2024 – “The Blooming Garden” B
Slide 50: Connected centre of excellence for owners' engagement
CONNECTED CENTRE OF EXCELLENCE FOR OWNERS’ ENGAGEMENT AN INTEGRATED DIGITAL INFRASTRUCTURE WITH A SINGLE AND UNIFIED CUSTOMER PERSPECTIVE INSTIL A HIGH-TECH & HIGH-TOUCH APPROACH TO OUR BRAND AND CLIENT EXPERIENCE ACROSS ALL TOUCHPOINTS Marketing Sales One architecture for One global view of Sales,
Slide 51: Extended experiential owner platform
EXTENDED EXPERIENTIAL OWNER PLATFORM STRATEGIC INVESTMENTS IN BRAND LEVERS THAT ENHANCE DESIRABILITY, MEANING AND SALIENCY CONNOISSEUR’S ATELIER PROPRIETARY & AFFINITY EVENTS BRs SHOWROOM EXPERIENCE ARTS & CULTURE EVENTS Luxury immersive environment that Leveraging platform experiences (Elite Contin
Slide 52: High-end services as key part of the commercial strategy
HIGH-END SERVICES AS KEY PART OF THE COMMERCIAL STRATEGY PLANNED IMPLEMENTATIONS REMOTE MONITORING PREDICTIVE MAINTENANCE AI VIRTUAL ASSISTANT CUSTOMER CARE IN LIAISON WITH MARKETING & CRM BUSINESS PLAN 2026 52
Slide 53: Financial Outlook 2026-2028 and Q1 2026 Results
AGENDA CONTENT & SPEAKER 04 FINANCIAL OUTLOOK 2026-2028 AND Q1 2026 RESULTS BUSINESS PLAN 2026 01 TRACK-RECORD AND HIGHLIGHTS 02 MARKET TRENDS 03 STRATEGIC PRIORITIES PIONEERING TECHNOLOGY YACHT DEVELOPMENT OPERATIONAL EXCELLENCE DISTRIBUTION NETWORK BRAND AND OWNER CENTRIC APPROACH 04 FINANCIAL OUT
Slide 54: Mid term outlook confirming a tactful, disciplined and sustainable growth
MID TERM OUTLOOK CONFIRMING A TACTFUL, DISCIPLINED AND SUSTAINABLE GROWTH FINANCIAL OUTLOOK 2026-2028 FY 2025 FY2026 2026-2028 Guidance UPSIDES NOT INCLUDED IN MID-TERM OUTLOOK Outlook ≥ 6% Net Revenues New Yachts €960m €980-1,020m STABILIZATION OF GEOPOLITICAL CONTEXT CAGR €180m €180-192m ≥ 19.0% E
Slide 55: Expected evolution of revenue by geography and division
EXPECTED 2A EVOLUTION OF REVENUE BY GEOGRAPHY AND DIVISION FINANCIAL OUTLOOK 2026-2028 AMERICAS, APAC AND NAUTOR SWAN EXPECTED TO GROW FASTER-THAN-AVERAGE WITHIN THE MIX, THE LATTER REMAINING THOUGH BROADLY STABLE Breakdown of revenue mix by geography Breakdown of revenue mix by division 9% <10% 9%
Slide 56: Capital allocation priorities 2026-2028
CAPITAL ALLOCATION PRIORITIES 2026-2028 FINANCIAL OUTLOOK 2026-2028 A B C WORKING CAPITAL PRODUCTION & PRODUCT BUSINESS DEVELOPMENT EXPANSION strategic lever to enter DEVELOPMENT new geographies ~5% net revenue new yacht STRONG BALANCE SHEET ceiling current ~12% maintain revenue >20% optionality for
Slide 57: Q1 2026 Results
Q1 2026 RESULTS KEY FIGURES NET REVENUES NEW YACHTS1 / (€M) EBITDA / (€M AND % ON NET REVENUES NEW YACHTS) Q1 2025 213.5 Q1 2025 37.0 17.3% +4.0% +4.0% Q1 2026 222.1 Q1 2026 38.5 17.3% YoY Growth YoY Growth EBIT / (€M AND % ON NET REVENUES NEW YACHTS) GROUP NET PROFIT / (€M AND % ON NET REVENUES NEW
Slide 58: €223 million of order intake, a €45 million increase YoY
€223 MILLION OF ORDER INTAKE, A €45 MILLION INCREASE YOY Q1 2026 RESULTS Q1 2026 ORDER INTAKE AND BACKLOG / (€M) ORDER BACKLOG COMPOSITION / (€M) 1x book-to-bill 72% 71% +25.4% as of remarkable FY26 Guidance vs Mar ‘25 considering Q1 mid-point coverage Q1 2025 seasonality as of March 31st 223 1,226
Slide 59: Order intake consistently growing for 7 consecutive quarters
ORDER INTAKE CONSISTENTLY GROWING FOR 7 CONSECUTIVE QUARTERS Q1 2026 RESULTS Order Intake growing YoY since Q3 2024 €m €M 930 960 840 Nautor Swan acquired backlog 253 230 208 1X Book-to-Bill 96 Q1 2026 253 260 270 +25.4% vs 181 241 Q1 2025 155 170 223 1,070 168 178 1,042 1,020 1,002 Net Backlog Orde
Slide 60: Closing Remarks
AGENDA CONTENTS & SPEAKER 05 CLOSING REMARKS BUSINESS PLAN 2026 01 TRACK-RECORD AND HIGHLIGHTS 02 MARKET TRENDS 03 STRATEGIC PRIORITIES PIONEERING TECHNOLOGY YACHT DEVELOPMENT OPERATIONAL EXCELLENCE DISTRIBUTION NETWORK BRAND AND OWNER CENTRIC APPROACH 04 FINANCIAL OUTLOOK 2026-2028 AND Q1 2026 RESU
Slide 61: Performance underpinned by clear structural strengths
PERFORMANCE UNDERPINNED BY CLEAR STRUCTURAL STRENGTHS CLOSING REMARKS Sanlorenzo NRNY vs Luxury(1) Net Revenues (EUR) STRONG BRAND EQUITY (trend setting 2019=100) AND OWNER-CENTRIC APPROACH 211 204 HIGHLY LOYAL UHNWI OWNER BASE 184 OF YACHTING CONNOISSEURS 162 UNIQUE GLOBAL DIRECT DISTRIBUTION NETWO
Slide 62: Q&A
Q&A BUSINESS PLAN 2026 BUSINESS PLAN 2026 62