Slide 1: 2024 Results
2024 RESULTS Grassobbio, March 10th 2025 1
Slide 2: 2024 Tesmec Group Results
2024 TESMEC GROUP RESULTS 01. Tesmec Group at a glance 02. Opening remarks 03. 2024 Group Financials & Key Metrics 04. 2025 Business Guidelines 05. Annex March 10th 2025 2
Slide 3: Tesmec Group at a Glance
TESMEC GROUP AT A GLANCE Technology partner in markets driven by ENERGY TRANSITION, DIGITALISATION and SUSTAINABILITY with INNOVATIVE, VALUE-ADDED INTEGRATED SOLUTIONS for the construction, maintenance and efficiency of the INFRASTRUCTURES related to the TRANSPORT AND DISTRIBUTION OF ENERGY, DATA
Slide 4: Tesmec Business Units
TESMEC BUSINESS UNITS ENERGY STRINGING ENERGY AUTOMATION TRENCHERS & SURFACE MINERS RAILWAY • Solutions for power lines • Telecommunications solutions • Telecom networks, FTTH & long • Catenary lines installation construction & for HV Grids distance, power cable & maintenance maintenance • Grid Mana
Slide 5: Tesmec Sustainability Path
TESMEC SUSTAINABILITY PATH HUMAN RESOURCES R&D & INNOVATION ENVIRONMENTAL IMPACT & GOVERNANCE Invest in the well-being of employees and local Focus on developing Reduce emissions and communities through health, innovative technologies and environmental impact through safety, training and welfare pro
Slide 6: 2024 Tesmec Group Results
2024 TESMEC GROUP RESULTS 01. Tesmec Group at a glance 02. Opening remarks 03. 2024 Group Financials & Key Metrics 04. 2025 Business Guidelines 05. Annex March 10th, 2025 6
Slide 7: Tesmec: Transform to Grow
TESMEC: TRANSFORM TO GROW FROM A POSITIVE DISRUPTIVE 2024 TO EMBRACING A LEANER FUTURE Continuing the transformation Prioritization of profitability Initiatives to strengthen the started in 2024 and cash generation industrial base and improve over volume capital efficiency/financial structure March
Slide 8: Tesmec: Transform to Grow - Key Pillars
TESMEC: TRANSFORM TO GROW FROM A POSITIVE DISRUPTIVE 2024 TO EMBRACING A LEANER FUTURE Key Pillars Growing long-term trends Focused and coherent Leverage in cross-cutting Selective approach portfolio, value-driven flexible on key growth sectors business models (including development drivers: industr
Slide 9: Business Progress: 2024 Highlights
2024* HIGHLIGHTS Positive discontinuity compared to Strategic initiative in France to Net result impacted by loss of 2023, thanks to focus on higher strengthen the Group's competitive discontinuing operations of Groupe value-added activities, management position and synergies between Marais efficien
Slide 10: 2024 Highlights
2024 HIGHLIGHTS Recognition for Tesmec Tesmec 1875 XL in PE1151 in Nettverksuken, Enlit 2024, Milano Successful test of the 1st bimodal sustainable development Middle East Norway, with EB Elektro diagnostic vehicle "Type 4" with RFI Saudi Tesmec enters the Groupe Marais Joint Demo in Tesmec USA Inno
Slide 11: 2024 Tesmec Group Results
2024 TESMEC GROUP RESULTS 01. Tesmec Group at a glance 02. Opening remarks 03. 2024 Group Financials & Key Metrics 04. 2025 Business Guidelines 05. Annex March 10th, 2025 11
Slide 12: 2024 Same Perimeter Profit & Loss Statement
2024* SAME PERIMETER PROFIT&LOSS STATEMENT “2024 same perimeter” includes Groupe Marais discontinuing operations results → “before” JV operation in France Profit & Loss 2023 2024 2024 Δ (€ Mln) ACTUAL SAME PERIMETER ACTUAL 2024 ACTUAL VS. 2023 ACTUAL REVENUES 251,9 252,8 239,5 (12,4) EBITDA 34,0 41,
Slide 13: 2024 Actual Profit & Loss Statement
2024* ACTUAL PROFIT&LOSS STATEMENT “2023 pro-forma” excludes Groupe Marais discontinuing operations results → “after” JV operation in France 2024 2023 Δ Profit & Loss (€ Mln) ACTUAL PRO-FORMA vs. 2023 (1) Revenues: slight improvement compared to pro- REVENUES (1) 239,5 236,0 1,5% forma 2023, with po
Slide 14: 2024 Statement of Financial Position
2024* STATEMENT OF FINANCIAL POSITION Dec. 31, Dec. 31, 2024 2023 Net Working Capital 99,8 86,8 • Increase in net working capital due to higher receivables. Reduction of inventories still not Fixed Assets 106,9 119,6 reflecting full reduction potential Other Long Term assets/liabilities 21,9 25,3 •
Slide 15: Trenchers: 2024 Facts & Figures
TRENCHERS: 2024* FACTS & FIGURES (€ mln) 140 121,4 KEY FACTS 111,9 120 100 -8% Strategic & Operational moves: • JV for Groupe Marais rental business and strategic 80 reorganziation in France 60 • USA integration plan to enhance business and organization 20,2 • Strengthening local structures in Middl
Slide 16: Rail: 2024 Facts & Figures
RAIL: 2024 FACTS & FIGURES (€ mln) 60 KEY FACTS 50,4 46,9 +7% • Switzerland: 1st milestone for a medium-long term presence in 40 the Swiss rail market: Swiss Federal Railways tender award for the delivery, installation and commissioning of a peripheral system for a towed diagnostic vehicle of SBB to
Slide 17: Energy: 2024 Facts & Figures
ENERGY: 2024 FACTS & FIGURES (€ mln) KEY FACTS 100 Stringing 77,3 80 67,7 +14% • Results significantly exceeded expectations, indicating a 60 highly successful process despite the operational challenges throughout the year 40 +30% 11,3 • Significant orders received, creating a robust backlog for 10,
Slide 18: 2024 Backlog
2024*BACKLOG (€ mln) Pro-forma 31/12/2023: 382,5 Actual 30/09/2024: 363,2 Same perimeter 30/09/2024: 345,0 Actual 31/12/2024: 250,0 350,7 Rail 121,9 Energy 200,0 162,6 TOTAL 350,7 €M 150,0 100,0 Trencher 66,2 50,0 • Energy backlog: Automation (136,6€M) and Stringing (26,0€M) 0,0 Energy Trencher Rail
Slide 19: 2024 Revenues KPI
2024* REVENUES KPI Africa; 11% Europe; 23% Middle East; 16% 2024: Non recurring 2024: Recurring 49,2% 50,8% 239,5 €M 239,5 €M Italy; 23% BRIC & Others; 15% North & Central America; 12% Recurring: Rental, Projects, Spare Parts, Services (maintenance, revamping & refurbishing, consulting & training),
Slide 20: 2024 EBITDA Evolution by BU
2024* EBITDA EVOLUTION BY BU (€ mln) 50 +1,4 +5,9 +0,9 40 Margin Volume growth 41,1 improvement driven by Stringing towards a higher demand + Energy- 30 32,8 Improved margins, value-added Automation higher despite lower business model value-added volumes, thanks to contribution a better sales miX, 2
Slide 21: 2024 Net Financial Position Evolution
2024* NET FINANCIAL POSITION EVOLUTION (€ mln) 180 160 (9,5) 3,0 140 153,5 Increased JV Groupe 147,0 120 153,5 NWC Marais: 100 discontinuing operations 80 60 40 20 0 31/12/2023 France effect NWC effect 31/12/2024 Dec. 31, 2024 Dec. 31, 2023 Inventories 96,1 110,6 Work in progress contracts 36,7 29,2
Slide 22: 2024 Tesmec Group Results
2024 TESMEC GROUP RESULTS 01. Tesmec Group at a glance 02. Opening remarks 03. 2024 Group Financials & Key Metrics 04. 2025 Business Guidelines 05. Annex March 10th, 2025 22
Slide 23: 2020-2024 Equity Story and 2025 Outlook
2020-2024* EQUITY STORY and 2025 OUTLOOK (€ mln) 2025 17,2% 41,1 153,5 245,2 14,5% 147 Leveraging strong capabilities in the face of current 239,5 236 35,2 13,9% macroeconomic challenges: 32,8 128,4 14,5% 121,0 194,3 28,1 • Growing reference markets driven by energy transition 104,4 172,8 13,3% • So
Slide 24: Trenchers
TRENCHERS Strengthening of the Australian, US and French markets, supported by Strengthening favourable conditions, Australia, USA resumption of key projects and France and consolidation of local structures Structuring business development Tesmec invests in the and marketing activities, attending ad
Slide 25: Railway
RAILWAY TESMEC FRANCE: Strategic platform for the growth of French Growth of French activities in the railway sector: development of activities a specialized center to support the Railway business, aimed at meeting local needs for railway infrastructure maintenance solutions. STRENGTHEN THE MARKET P
Slide 26: Energy
ENERGY STRINGING Continue leading the growth and extend the market share, we will implement strategic initiatives and innovative Profitability Digitalization AUTOMATION solutions. We are committed to leading the future through three fundamental pillars: Growth at a fast pace while improving diversif
Slide 27: 2024 Tesmec Group Results
2024 TESMEC GROUP RESULTS 01. Tesmec Group at a glance 02. Opening remarks 03. 2024 Group Financials & Key Metrics 04. 2025 Outlook 05. Annex March 10th, 2025 27
Slide 28: Annex A) 2024 Summary Profit & Loss Statement
ANNEX A) 2024* SUMMARY PROFIT & LOSS STATEMENT PROFIT & LOSS 2024 ACTUAL 2023 PRO-FORMA 2023 ACTUAL (€ Mln) NET REVENUES 239,5 236,0 251,9 Raw materials costs (-) (109,0) (106,3) (108,8) Cost for services (-) (42,7) (47,9) (52,2) Personnel Costs (-) (53,0) (56,6) (63,3) Other operating revenues/cost
Slide 29: Annex B) Summary 2024 Balance Sheet
ANNEX B) SUMMARY 2024* BALANCE SHEET BALANCE SHEET Dec.31, 2024 Dec. 31, 2023 (€ Mln) Inventory 96,1 110,6 Work in progress contracts 36,7 29,2 Accounts receivable 55,4 45,6 Accounts payable (-) (79,9) (82,8) Op. working capital 108,4 102,7 Other current assets (liabilities) (8,6) (15,8) Net working
Slide 30: 2024 Results Conference Call
TESMEC GROUP 2024 RESULTS CONFERENCE CALL March 10th 2025: 14.30 CET Diamond Pass Registration ir@tesmec.com Investors | Tesmec 2025 FINANCIAL CALENDAR • Wednesday, 30th April 2025: Shareholders’ meeting to approve Statutory Financial Statements as of 31st December 2024 (single call) • Friday, 9th M
Slide 31: Disclaimer
DISCLAIMER This presentation has been prepared by Tesmec S.p.A. (“Tesmec”, the “Company” or the “Group”). As used herein, “Presentation” means this document, any oral presentation, the question and answer session and any written or oral material discussed or distributed during the presentation. The