Slide 1: FY 2025 Results and Industrial Plan 2026-2027
FY 2025 Results and Industrial Plan 2026-2027 Corporate Presentation | July 17, 2025
Slide 2: Agenda
Alessandro Fabbroni Agenda Group’s Chief Executive Officer Caterina Gori IR, Corporate Finance M&A Manager ▪ Group’s Business Model and Operations Jacopo Laschetti Stakeholder and Sustainability Manager ▪ Group’s Financial Results FY 2025 ▪ Group’s Industrial Plan FY 2026-2027 ▪ Annexes Financial St
Slide 3: Sesa Group Overview
Sesa Group Overview ▪ Leading player for the digital innovation of corporates and organizations, with consolidated revenues for Eu 3.357 Leading Digital million (+4.6% Y/Y) and 6,532 people (+14.8% Y/Y) in the Fiscal Year ending April 30, 20251 Partner for ▪ Digital Technology, Consulting, Vertical
Slide 4: Business Model and Organization
Business Model and Organization ▪ Leading player in Digital Technology, Consulting and Vertical Applications, with a focus on key digital enablers as AI and Automation, Cloud, Cyber Security and Digital Platforms; the Group operates through Vertical Business Units and Competence Centers ▪ Eu 3.36 Bn
Slide 5: Management Team committed long-term to the Group
Management Team committed long-term to the Group Key people equity and long-term commitment Group Long-term track record achievements Sesa Group equity partners’ focus on long-term development growth REVENUES FY11 Eu 747.0 Mn Group EAT Adj FY11 Eu 11.5 Mn and sustainability: REVENUES FY251 Eu 3,357
Slide 6: People and Talent Management Programs
People and Talent Management Programs 3,3571 FY 2025 HC Highlights Headcount CAGR 2012-2025 +16.8% 3,211 6,532 New Hires Permanent Contract Revenues CAGR 2012-2025 +11.5% 5,700 2,908 5,691 6,532 people as of April 30 2025 (+14.8% Y/Y) 800 98% 4,700 4,720 2,390 Entry Turn Over Average Seniority P
Slide 7: Sustainability as a strategic driver and core part of Corporate Vision
Sustainability as a strategic driver and core part of Corporate Vision Purpose to create long-term sustainable value for all stakeholders, promoting innovation including the digital innovation of companies and organizations and the well-being of people. ESG as a strategic driver and core part of Ses
Slide 8: Bolt-on industrial M&A to accelerate long-term organic growth
Bolt-on industrial M&A to accelerate long-term organic growth Bolt-on M&As as crucial driver of long-term growth and Group’s transformation, to attract skills and competencies: • 82 M&As starting from 2015 with additional 3,050 HCs and about Eu 830 Mn annual revenues at acquisition date; 10 new M&As
Slide 9: SSI: Partner for European Enterprises Digital Transformation
SSI: Partner for European Enterprises Digital Transformation Eu ~ 880 Mn revenues (~ +7% Y/Y), Ebitda margin ~ 11% and 4,243 people1 Revenues breakdown1 Digital Workspace; ▪ Leading System Integrator and Software Solutions provider with growing focus on Business Integration and 4.0% Data/AI; 2.5% Di
Slide 10: Business Services: Partner for Financial Services Digital Transformation
Business Services: Partner for Financial Services Digital Transformation Base Digitale Group: Eu ~ 154 Mn revenues (+35% Y/Y), Ebitda margin 17.8% and 962 people1 Revenues breakdown1 ▪ Group Sector started on February 2020 and focused on Digital Platforms, Vertical Banking Applications and Security
Slide 11: ICT VAS: Digital partner of ICT ecosystems
ICT VAS: Digital partner of ICT ecosystems ICT Value Added Solutions: Eu ~ 2.075 Bn revenues, Ebitda margin 4.3% and 700 people1 Italian market share ICT VAS2 ▪ Value-added Solutions aggregator: consulting, marketing and training services to habilitate the emerging technologies across ICT ecosyste
Slide 12: Digital Green VAS: Digital Partner of environmental sustainability
Digital Green VAS: Digital Partner of environmental sustainability Digital Green VAS: Eu 344 Mn revenues (+43% Y/Y), Ebitda margin 7.1% and 100 people1 ▪ Joined the Group in 2021 through the acquisition of PM Service (Eu 30 Mn revenues at the acquisition date), the Sector focuses on technologies (
Slide 13: Agenda
Alessandro Fabbroni Agenda Group’s Chief Executive Officer Caterina Gori IR, Corporate Finance M&A Manager ▪ Group’s Business Model and Operations Jacopo Laschetti Stakeholder and Sustainability Manager ▪ Group’s Financial Results FY 2025 ▪ Group’s Industrial Plan FY 2026-2027 ▪ Annexes Financial St
Slide 14: Group's actual results FY as of April 30, 2025
Group’s actual results FY as of April 30, 2025 CAGR CAGR Eu million FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 20251 2H 24 2H 25 Variance 4Q 24 4Q 25 Variance Solid growth in revenues FY12-25 FY20-25 (up 7.6%) and 5.2% Revenues1 1,776.0 2,037.2 2,389.8 2,907.6 3,210.4 3,356.8 11.5% 13.6% 1,708.8 1,8
Slide 15: FY 2025 Group's actual results by Sector
FY 2025 Group’s actual results by Sector REVENUES EBITDA GROUP EAT ADJUSTED Eu million FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 251 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 251 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 251 Software & System Integ. 343.0 396.3 481.9 572.2 702.6 822.8 875.7 26.2 37.8 55.5 67
Slide 16: Q4 2025 Group's actual results by Sector
Q4 2025 Group’s actual results by Sector REVENUES EBITDA GROUP EAT ADJUSTED Eu million 4Q 19 4Q 20 4Q 21 4Q 22 4Q 23 4Q 24 4Q 25 4Q 19 4Q 20 4Q 21 4Q 22 4Q 23 4Q 24 4Q 25 4Q 19 4Q 20 4Q 21 4Q 22 4Q 23 4Q 24 4Q 25 Software & System Integ. 89.3 87.8 126.7 152.9 200.8 213.5 228.9 7.0 10.5 15.7 17.3 23.
Slide 17: Group's Net Financial Charges quarterly trend
Group’s Net Financial Charges quarterly trend Eu million 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q25 3Q 25 4Q 25 Financial income / (charges) (7.3) (8.7) (9.1) (11.9) (7.7) (11.5) (10.7) (10.7) FX rate income / (loss) 0.8 0.3 (0.7) 0.6 0.1 (0.3) 0.1 (1.4) Income / (loss) on equity method investments 0.2 0.6
Slide 18: Group Financial Results (NFP, IFRS 16, IFRS 3 and NWC) Apr 20-Apr 25
Group Financial Results (NFP, IFRS 16, IFRS 3 and NWC) Apr 20-Apr 25 Net Financial Position (Apr 20 – Apr 25) Oct24 Currency: €'m Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Apr25 The table opposite presents the Pro-forma Net Financial Position reported Shareholders Equity 253.9 272.3 297.
Slide 19: Agenda
Alessandro Fabbroni Agenda Group’s Chief Executive Officer Caterina Gori IR, Corporate Finance M&A Manager ▪ Group’s Business Model and Operations Jacopo Laschetti Stakeholder and Sustainability Manager ▪ Group’s Financial Results FY 2025 ▪ Group’s Industrial Plan FY 2026-2027 ▪ Annexes Financial St
Slide 20: Group Industrial Plan FY 2026 – FY 2027: Market Scenario
Group Industrial Plan FY 2026 – FY 2027: Market Scenario ▪ Italian digital market reached Eu 81.6 bn in 2024 (+3.7%), outperforming GDP growth (+0.7%) Market Overview ▪ Expected growth to Eu 93 bn by 2028 (average annual growth rate higher than 3%) Key Technology ▪ AI & Automation: fastest-growing s
Slide 21: Group Industrial Plan FY 2026 – FY 2027: Strategic Targets
Group Industrial Plan FY 2026 – FY 2027: Strategic Targets Strategy ▪ Group’s transformation by focusing on organic growth of core businesses, organization streamline, growing operating efficiency and market penetration, as digital integrator and partner of customers’ digital transformation ▪ Focus
Slide 22: Group Industrial Plan FY 2026 – FY 2027: Sustainability Targets
Group Industrial Plan FY 2026 – FY 2027: Sustainability Targets ▪ Group Sustainability Plan for 2026-2027 with key investment areas, targets, and measurable actions to integrate environmental, social, and governance (ESG) actions into strategy and business model ESG Strategy ▪ Key goals1: (i) Transl
Slide 23: Group Industrial Plan FY 2026 – FY 2027: Main Financial Targets
Group Industrial Plan FY 2026 – FY 2027: Main Financial Targets Eu million FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 251 FY 26E2 FY 27E2 Revenue 1,363.0 1,551.0 1,776.0 2,037.4 2,389.9 2,907.6 3,210.4 3,356.8 3,525.0 - 3,610.0 3,700.0 - 3,880.0 Change Y/Y 13.8% 14.5% 14.7% 17.3% 21.7% 10.4% 4.6%
Slide 24: Group Industrial Plan FY 2026 – FY 2027: Main Financial Targets by Sector
Group Industrial Plan FY 2026 – FY 2027: Main Financial Targets by Sector ▪ Sesa Group: FY 2026E Eu 3,525 Mn - Eu 3,610 Mn (+5.0% | 7.5%Y/Y), FY 2027E Eu 3,700 Mn - 3,880 Mn (+5.0% | 7.5%Y/Y) ▪ SSI: mid to high-single digit growth, both in FY 2026E and FY 2027E Revenues ▪ Business Services: 10-15% g
Slide 25: Group long-term growth path: FY 2025 Results and FY 2026-2027 Industrial Plan
Group long-term growth path: FY 2025 Results and FY 2026-2027 Industrial Plan Sales and other Revenues (Eu Mn) EBITDA (Eu Mn) EBIT Adjusted1 (Eu Mn) 3,700 - 3,525 - 3,880 CAGR 2012-2025 +11.5% 3,610 CAGR 2012-2025 +14.5% 265 - CAGR 2012-2025 +13.6% 3,357 5% - 253 - 291 205 - CAGR 2020-2025 +13.6% 3,
Slide 26: Agenda
Alessandro Fabbroni Agenda Group’s Chief Executive Officer Caterina Gori IR, Corporate Finance M&A Manager ▪ Group’s Business Model and Operations Jacopo Laschetti Stakeholder and Corporate Sustainability Officer ▪ Group’s Financial Results ▪ Group’s Industrial Plan FY 2026-2027 ▪ Annexes Financial
Slide 27: Group FY 25 results by segment
Group FY 25 results by segment FY25 FY24 Eu millions ICT VAS DG VAS SSI BS CORPARATE GROUP ICT VAS DG VAS SSI BS CORPORATE GROUP Total Revenue and Other Income 2,075.5 343.8 875.7 153.5 62.1 3,356.8 2,147.4 240.6 822.8 114.0 46.1 3,210.4 Change Y/Y (3.4%) 42.9% 6.4% 34.7% 34.7% 4.6% Gross Margin 181
Slide 28: Group Income Statement as of April 30, 2025
Group Income Statement as of April 30, 2025 Currency: €'m FY23A FY24A FY25 Total revenue and other income 2,907.6 3,210.4 3,356.8 Costs for purchasing products (2,201.6) (2,385.6) (2,434.1) Costs for services and use of third-party assets (243.4) (277.6) (310.7) Personnel costs (238.4) (298.7) (360.
Slide 29: Group Balance Sheet as of Apr 30, 2025
Group Balance Sheet as of Apr 30, 2025 Currency: €'m Apr23 Apr24 Apr25 Intangible assets 368.5 457.1 531.0 Of which M&A 350.4 430.9 473.5 Property, plant and equipment (IFRS 16 incl.) 125.9 149.8 167.9 Investments valued at equity 24.9 23.9 17.5 Other non-current receivables and deferred tax assets
Slide 30: Sesa Group M&As starting from FY 2015
Sesa Group M&As starting from FY 2015 SSI Business Services ICT VAS Digital Green VAS Company Revenues Company Revenues Company Revenues Company Revenues APRA Eu 16 Mn PANTHERA Eu 6.5 Mn PBU CAD S. GMBH Eu 9 Mn ACCADIS Eu 18 Mn 9 M&As FY 2015-20191 SAILING Eu 2.5 Mn New Group Sector since March 2020
Slide 31: www.sesa.it
www.sesa.it This document has been prepared by Sesa SpA (“SeSa” or the “Company”) solely for this presentation and does not represent any investment research, recommendation, consulting or suggestion, concerning the Company or its shares or any other securities/financial instruments issued by the Co