Slide 1: Introduction to MAIRE
August 2026 INTRODUCTION TO MAIRE A PLATFORM TO ENGINEER ENERGIES FOR THE FUTURE RESHAPING ENERGIES – 2026-2035 STRATEGIC PLAN UPDATED WITH H1 2026 RESULTS
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by MAIRE S.p.A. (the “Company”) solely for use in the presentation of the MAIRE Group (the “Group”) and its financial results. This document does not constitute or form part of any offer or invitation to sell, or any solicitation to purchase any security is
Slide 3: Reshaping…
RESHAPING… 01 THE VISION: MAKE TO INSPIRE 02 THE OPPORTUNITY: A RESHAPED ENERGY SCENARIO 03 NEXTCHEM: THE FUTURE YOU WANT TO SEE 04 TECNIMONT: DREAMS ARE IN THE MAKING 05 THE PROGRESS: CONSOLIDATING GROWTH 06 THE FUTURE: 2026-2035 STRATEGIC PLAN INTRODUCTION TO MAIRE
Slide 4: The Vision: Make to Inspire
01 THE VISION: MAKE TO INSPIRE INTRODUCTION TO MAIRE
Slide 5: A History of Growth, Resilience and Innovation
A HISTORY OF GROWTH, RESILIENCE AND INNOVATION THE ROOTS THE FOUNDATION Late 1800s 1963 1971-1973 1983 Edison (1883), Montecatini (1888), Giulio Natta wins the Chemistry Selas Italia (1971), later KTI, Fabrizio Di Amato launches his and Fiat (1889) are born – Nobel Prize for the invention of Fiat En
Slide 6: Two Engines, One Horizon
TWO ENGINES, ONE HORIZON A PLATFORM TO ENGINEER ENERGIES FOR THE FUTURE Selling proprietary low-carbon Providing superior EPC services and circular technologies in downstream and onshore Short-cycle business (12-18 months) Long-cycle business (3-4 years) Reaching new clients globally Tailored to reg
Slide 7: Offering an Integrated Approach
OFFERING AN INTEGRATED APPROACH FROM FEASIBILITY TO PLANT COMMISSIONING Proprietary technologies One-stop-shop model End-to-end delivery Single point of accountability Covering the full value chain, reducing complexity for clients from feasibility study to plant commissioning Project execution Proje
Slide 8: A Fully-Integrated Energy Services Player
A FULLY-INTEGRATED ENERGY SERVICES PLAYER MAIRE GROUP’S PRESENCE ACROSS THE ENTIRE VALUE CHAIN Feasibility and structuring Execution Life cycle support Feasibility study Licensing1 Process Design Package (PDP)2 Front End Construction Operations and Engineering Engineering Procurement Maintenance Des
Slide 9: The Opportunity: A Reshaped Energy Scenario
02 THE OPPORTUNITY: A RESHAPED ENERGY SCENARIO INTRODUCTION TO MAIRE
Slide 10: From Energy Substitution to Sustainable Energy Addition
FROM ENERGY SUBSTITUTION TO SUSTAINABLE ENERGY ADDITION STRUCTURAL DEMAND CALLS FOR A MULTI-SOURCE MODEL Demographics Consumption rebalancing ELECTRIFICATION and economic growth across geographies AND AI POWER DEMAND TODAY 2050 TODAY 2050 TODAY 2050 WORLD <45% of the Growth in energy POWER POPULATIO
Slide 11: A Decade of Acceleration
A DECADE OF ACCELERATION INSTALLED CAPACITY SET TO DOUBLE AGAIN BY 2035 INSTALLED CAPACITY (TW) WHAT'S BEHIND THIS DOUBLING? 1.8x ~2x ENERGY Stable base load requires gas more than renewables and LNG today, new-generation nuclear and advanced fuels tomorrow CHEMISTRY Stable grids, batteries and stor
Slide 12: A Reshaped Scenario
A RESHAPED SCENARIO A NEW ENERGY PARADIGM BUILT ON TWO STRUCTURAL REALITIES MULTI-SOURCE ENERGY SYSTEM • Economic and geopolitical priorities • Regulatory frameworks Oil, gas, renewables, nuclear and • Capital availability low-carbon solutions are complementary, not mutually exclusive MULTI-SHAPE TR
Slide 13: The Rise of a Multi-Shape Paradigm
THE RISE OF A MULTI-SHAPE PARADIGM DRIVEN BY ENERGY SECURITY AND GEOECONOMICS Europe Security of supply and policy-led decarbonization China Central Asia USA Critical input control New energy hub Energy dominance and long-term industrial strategy after Ukraine/Russia war and a recalibrated climate p
Slide 14: Designed for Complexity
DESIGNED FOR COMPLEXITY AN ENGINEERING DNA BUILT TO ADAPT AND SCALE WHAT CLIENTS NEED W R AIR ’S D A O SI Flexibility to operate across An asset-light, people-driven model geographies, technologies and where AI enhances operational Enabling efficiencies transition speeds excellence and innovation an
Slide 15: Nextchem: The Future You Want to See
03 NEXTCHEM: THE FUTURE YOU WANT TO SEE INTRODUCTION TO MAIRE
Slide 16: An Unmatched Breadth of Technology Solutions
AN UNMATCHED BREADTH OF TECHNOLOGY SOLUTIONS CREATING VALUE IN EVER-CHANGING MARKET SCENARIOS Proprietary solutions serving our clients through a diversified services mix 50+ 80+ as of 31-Dec-25 as of 30-Jun-261 €366m €703m as of 31-Dec-25 as of 30-Jun-261 Employees ~730 ~1,200 NEXTCHEM’S OFFERING a
Slide 17: Feed, Move, Make
UNLOCKING VALUE THROUGH A DIVERSIFIED PLATFORM ADDRESSING MAJOR DRIVING FORCES FEED MOVE MAKE a growing population a world in expansion materials more efficiently INTRODUCTION TO MAIRE NEXTCHEM: THE FUTURE YOU WANT TO SEE 17
Slide 18: The Most Complete Offering of Fertilizers
THE MOST COMPLETE OFFERING OF FERTILIZERS EXPANDING INTO THE FULL NPK SPECTRUM WITH POTASSIUM AND PHOSPHATE FERTILIZERS FEED MARKET DRIVERS N ’S SOLU IO S Demographic Traditional fertilizers Urea and nitrates expansion nitrates and urea maximizing crop yield Global market leader in urea technology l
Slide 19: Fuels Leading Growth
FUELS LEADING GROWTH SAF POISED FOR THE STRONGEST NEAR-TERM MOMENTUM MOVE MARKET DRIVERS (CAGR 2024-2040) N ’S SOLU IO S SHORT-TO-MEDIUM TERM POTENTIAL Traditional fuels minimizing environmental impact Aviation emissions SAF +23-25% reduction Strong expected growth driven by existing regulation Low-
Slide 20: Expanding Critical and Circular Materials
EXPANDING CRITICAL AND CIRCULAR MATERIALS STRENGTHENING OUR POSITIONING IN THE CHEMISTRY FOR MINERALS AND METALS MAKE MARKET DRIVERS (CAGR 2024-2040) N ’S SOLU IO S Sulphuric acid Clean energy Fluorine as enabler of metal production for e-infrastructure +20-21% storage electrolyte enabler Unlocking
Slide 21: Ready to Unleash the Nuclear Potential
READY TO UNLEASH THE NUCLEAR POTENTIAL ENABLING CLEAN POWER AND SUPPORTING THE E-FACTORY FOR CHEMISTRY MODEL THE E-FACTORY Conventional island and balance of plant safe, reliable and competitive energy supply for to convert thermal energy into electricity for NEW-GENERATION Technology neutral Based
Slide 22: Going for Growth: M&A as a Strategic Lever
GOING FOR GROWTH: M&A AS A STRATEGIC LEVER EXPANDING OUR PORTFOLIO BY BUYING AND SCALING-UP PROVEN SOLUTIONS TECHNOLOGY Commercial READINESS 5 6 7 8 9 roll-out LEVEL (TRL) FROM PROVEN ...TO INDUSTRIAL FROM HIDDEN ...TO GLOBAL CONCEPTS... SCALE SOLUTIONS GEMS... TREASURES Time-to-market criteria Vali
Slide 23: Completion of Ballestra Group's Acquisition
COMPLETION OF BALLESTRA GROUP’S ACQUISITION EXPANDING INTO FERTILIZERS, INORGANIC CHEMISTRY AND STRATEGIC MATERIALS HIGHLIGHTS TRANSACTION3 DETAILS Full NPK1 spectrum adding phosphate and potassium fertilizers, complementing the existing nitrogen-based offering 100% €148.2m total consideration paid
Slide 24: ETEK's Acquisition
ETEK’S ACQUISITION ENTERING THE PRECIOUS METALS RECOVERY MARKET HIGHLIGHTS TRANSACTION1 DETAILS Pyro- and hydrometallurgical technologies strengthening resource recovery capabilities beyond plastics recycling and waste gasification 70% €17.5m 100% enterprise value Proven references worldwide ETEK hi
Slide 25: Going for Growth: R&D to Spur Innovation
GOING FOR GROWTH: R&D TO SPUR INNOVATION NEXTCHEM’S DEVELOPMENT CENTERS ACCELERATING NEW TECHNOLOGIES TECHNOLOGY DEVELOPMENT TECHNOLOGY Commercial READINESS 5 6 7 8 9 Commercial LEVEL (TRL) 9 roll-out roll-out 20 Netherlands Germany Rome Milan Switzerland PILOTS Nitrogen and Hydrogen, ammonia Hydrog
Slide 26: Delivering on Our Promises
DELIVERING ON OUR PROMISES THANKS TO A UNIQUE TECHNOLOGY PORTFOLIO WITH GLOBAL REACH REVENUES (€m) EBITDA (€m) +36.6% +38.4% +22.7% +46.9% +31.4% +42.7% +25.2% +39.9% 495.0 122.2 357.6 85.6 261.8 285.7 65.1 68.0 194.5 48.6 158.5 38.8 FY 2023 FY 2024 FY 2025 H1 2024 H1 2025 H1 2026 FY 2023 FY 2024 FY
Slide 27: Expanding Our Technology Offering
EXPANDING OUR TECHNOLOGY OFFERING CAPEX SUPPORTING FUTURE GROWTH FY 2023-2025 (€m) H1 2024-2026 (€m) ACQUISITIONS SINCE 2023 Conser (100%, 2023-2026)1 68.5 195.0 enhancing our technology portfolio in biodegradable plastic monomers 60.2 MyRemono (51%, 2023) 51.7 advancing in Plexiglas® chemical recyc
Slide 28: Reaching New Highs
REACHING NEW HIGHS SUPPORTED BY AN EXPANDED TECHNOLOGY PORTFOLIO ORDER INTAKE (€m) BACKLOG (€m) H1 2026 MAIN AWARDS FEED MOVE MAKE Licensing and PDP for a nitric acid plant in China 556.9 Licensing and PDP for a urea-to-DEF plant in the US Licensing, PDP and PEQ supply in West Africa for fertilizer
Slide 29: Tecnimont: Dreams Are in the Making
04 TECNIMONT: DREAMS ARE IN THE MAKING INTRODUCTION TO MAIRE
Slide 30: Relentlessly Raising the Bar in E&C
RELENTLESSLY RAISING THE BAR IN E&C DELIVERING CLIENT PLANTS WITH EXCELLENCE c.1,520 plants delivered in key markets1 selective project approach, proven risk controls, and world-class HSE2 standards ~450 ~370 ~700 Fertilizers Oil & Gas Petrochemicals To… FEED MOVE MAKE Shaping projects from design t
Slide 31: How AI Is Reshaping Energy Services
HOW AI IS RESHAPING ENERGY SERVICES CAPTURING EMERGING DIGITAL VALUE POOLS LEVERAGING OUR UNIQUE DATA HERITAGE From to NEXTBRAINS UNLOCKING EFFICIENCIES The group’s competence hub 2024 2025 • ~200 digital and AI internal experts AI users 4,000+ 7,000+ • Delivers advanced solutions for Agentic AI, •
Slide 32: A Deeply Rooted Engineering Advantage
A DEEPLY ROOTED ENGINEERING ADVANTAGE AGILE TEAMS, SEAMLESS TECHNOLOGY INTEGRATION AND AI-EMBEDDED WORKFLOWS GLOBAL TECHNOLOGY OPTIMIZED AI WORKFORCE INTEGRATION DESIGN AGENTS 10 engineering hubs Proven capability Modular engineering Engineering assistant across Europe, the to integrate technologies
Slide 33: Smart Sourcing and Worldwide Delivery
SMART SOURCING AND WORLDWIDE DELIVERY DRIVING COST CONTROL THROUGH ADVANCED PURCHASING AND LOGISTICS PROMPT REGIONAL STEP-IN AI BUY-IN MULTI-SOURCING IN LOGISTICS AGENTS Ensuring cost accuracy In-country value Direct engagement Material-tracking and mitigating volatility 30% from the UAE and KSA wit
Slide 34: Redefining How to Build Complex Plants
REDEFINING HOW TO BUILD COMPLEX PLANTS INDUSTRIALIZING CONSTRUCTION WITH SAFETY, MODULARITY, AND PHYSICAL AI “ OS O ” PROGRA BUILDING SAFELY FROM SITE MODULAR FROM DIGITAL AND CLEANLY TO SHOP CONSTRUCTION TO PHYSICAL AI LTIR1 4.4x Relocating critical activities Plug-and-build assembly Welding inspec
Slide 35: A Selective Diversification into LNG
A SELECTIVE DIVERSIFICATION INTO LNG ARGENT LNG: AN EXPORT FACILITY PROJECT TO SERVE EUROPE AND ASIA The energy gateway to the Gulf of America Tecnimont’s role & strategy LEVERAGING OUR EXPERIENCE IN GAS AND MODULAR ENGINEERING CAPABILITIES • Term sheet signed to act as EPC integrator Port Fourchon,
Slide 36: Building on Strength
BUILDING ON STRENGTH PROJECTS PROGRESSING IN A COMPLEX ENVIRONMENT REVENUES (€bn) EBITDA (€m) +38.6% +19.1% +31.8% +4.5% +43.7% +25.7% +39.5% +8.0% 6.6 377.9 5.5 300.7 4.0 209.3 3.2 3.4 183.5 198.2 2.5 131.6 FY 2023 FY 2024 FY 2025 H1 2024 H1 2025 H1 2026 FY 2023 FY 2024 FY 2025 H1 2024 H1 2025 H1 2
Slide 37: A Solid Backlog
A SOLID BACKLOG DRIVEN BY CLIENTS' NEED TO SECURE EXECUTION CAPACITY ORDER INTAKE (€bn) BACKLOG (€bn) H1 2026 MAIN AWARDS 7.9 ~16.8 EPC petrochemical project with completion in 2031 1.2 1.2 further details to be provided upon completion of certain formalities July July order order $4.3bn EPC for the
Slide 38: IE&CS Backlog Schedule
IE&CS BACKLOG SCHEDULE INCREASED VISIBILITY THANKS TO THE STRONG ORDER INTAKE SECURED YEAR-TO-DATE IE&CS backlog July order intake H2 2026 2027 2028+ €15.6bn €1.2bn As of 30 June 2026 As of 30 July 2026 ~20% ~40% ~40% KEY EXPECTED PROJECT PROGRESS Provided no worsening of current geopolitical situat
Slide 39: IE&CS Middle East Operations
IE&CS MIDDLE EAST OPERATIONS MANAGING A COMPLEX OPERATING ENVIRONMENT REGION OVERVIEW & LOGISTICS KEY PROJECT PROGRESS1 AT 30 JUNE 2026 Safeguarding ~2,500 people currently employed in the area Hail and Ghasha gas development project progressing through construction (~75% overall progress) Harvest a
Slide 40: Hail and Ghasha
HAIL AND GHASHA OVERALL PROGRESS AT ~75% AS OF 30 JUNE 2026 SCALE AND ACTIONS PROTECTING PROGRESS ACHIEVED EXECUTION 529,000 m³ ~600 of concrete shipments re-routed equivalent to >70,000 truckloads1 through alternative ports 129,000 tons ~1,500 of steel structures containers delivered at site equiva
Slide 41: The Progress: Consolidating Growth
05 THE PROGRESS: CONSOLIDATING GROWTH INTRODUCTION TO MAIRE
Slide 42: Doubled in Size in the Last 3 Years
DOUBLED IN SIZE IN THE LAST 3 YEARS CONSISTENTLY ENHANCING PROFITABILITY REVENUES (€bn) EBITDA (€m) NET INCOME (€m) +38.5% +20.3% +31.3% +6.9% +40.8% +29.4% +36.2% +14.7% +64.0% +33.9% +37.0% +18.3% 7.1 500.1 284.5 5.9 386.4 212.4 4.3 274.4 157.2 3.4 3.7 232.1 266.2 132.9 129.5 2.6 170.4 97.0 FY FY
Slide 43: Preserving Balance Sheet Strength
PRESERVING BALANCE SHEET STRENGTH INVESTING IN OUR FUTURE WHILE RETURNING VALUE TO SHAREHOLDERS CAPEX1 (€m) DIVIDENDS2 (€m) NET CASH3 (€m) 2.7x 4.3x 187.6 91.9 €0.585 375.1 395.1 76.6 114.5 /share 337.9 68.4 63.5 €0.356 /share 25.2 40.7 €0.197 €0.124 93.8 /share /share 2022 2023 2024 2025 2022 2023
Slide 44: Equipped with a Workforce Fit to Lead
EQUIPPED WITH A WORKFORCE FIT TO LEAD A DEEP, MULTI-DISCIPLINARY EXPERTISE, WITH ROOM TO GROW EVEN MORE GROUP EMPLOYEES ~11,300 ~10,800 ~9,800 ~8,000 ~40% Headcount increase1 ~9,300 ~9,700 90 ~8,400 ~6,800 Nationalities 31-Dec-23 31-Dec-24 31-Dec-25 30-Jun-26 Technical and commercial Staff ~500 PEOP
Slide 45: Strong Order Intake Supports Visibility
STRONG ORDER INTAKE SUPPORTS VISIBILITY AMID RISING DEMAND FOR ENERGY SECURITY AND INDUSTRIAL RESILIENCE ORDER INTAKE (€bn) BACKLOG (€bn) H1 2026 HIGHLIGHTS ~17.5 8.4 1.2 1.2 July order 2.0x July order intake intake Book-to-bill3 16.3 7.21 15.0 13.8 12.7 2.2x 5.6 Backlog cover4 H1 2025 H1 2026 31-De
Slide 46: Integrated Fertilizer Project in Argentina
INTEGRATED FERTILIZER PROJECT IN ARGENTINA COMBINING NEXTCHEM’S TECHNOLOGIES WITH TECNIMONT’S ENGINEERING HIGHLIGHTS €1.3bn contract awarded by Fertil Pampa1 SUPPORTING ARGENTINA'S of which €140m attributable to Nextchem’s technology package2 DEVELOPMENT • monetizing gas from Vaca Muerta 6,000 metri
Slide 47: Group Commercial Pipeline
GROUP COMMERCIAL PIPELINE MOST OF THE MARKET OPPORTUNITIES CAN BENEFIT FROM OUR INTEGRATED OFFERING GROUP PIPELINE (€bn) BY GEOGRAPHY (€bn, Jun-26) 11.5 Europe Power 5.7 North America SAF & biofuels SAF Circular 8.5 Asia LNG Critical minerals Circular 60.7 61.3 23.5 Middle East Refinery upgrades Gas
Slide 48: The Future: 2026-2035 Group Strategic Plan
06 THE FUTURE: 2026-2035 GROUP STRATEGIC PLAN INTRODUCTION TO MAIRE
Slide 49: 2026 Guidance Confirmed
2026 GUIDANCE CONFIRMED AS ANNOUNCED TO THE MARKET WITH THE 2026-2035 STRATEGIC PLAN Assuming no significant deterioration of the geopolitical situation STS IE&CS GROUP REVENUES Progressive acceleration in H2 sustained by a diversified backlog € 670 – 700m € 6.8 – 7.0bn € 7.5 – 7.7bn EBITDA Reflecti
Slide 50: Group Revenues and EBITDA
GROUP REVENUES AND EBITDA MEANINGFUL UPSIDE VERSUS PRIOR TARGETS REVENUES (€bn) EBITDA (€m) 7% ~20% 24% ~45% 13+ 1,300+ 9.0-9.5 7.5-7.7 740-860 7.1 5.9 500.1 545-575 3.5 4.3 386.4 209.3 274.4 2022 2023 2024 2025 2026 2030 2035 2022 2023 2024 2025 2026 2030 2035 ~60% Sustainability-related ~60% 6.0%
Slide 51: STS Revenues and EBITDA
STS REVENUES AND EBITDA A GROWTH STORY THAT VALIDATES OUR VALUE PROPOSITION REVENUES (€m) EBITDA (€m) 2.7x 3.5x 2,500+ ~600 1,200-1,300 260-320 670-700 122.2 150-165 357.6 495.0 85.6 182.9 261.8 35.4 65.1 2022 2023 2024 2025 2026 2030 2035 2022 2023 2024 2025 2026 2030 2035 19.3% 24.9% 23.9% 24.7% 2
Slide 52: IE&CS Revenues and EBITDA
IE&CS REVENUES AND EBITDA OPERATIONAL EXCELLENCE AND INNOVATION AS LEVERS TO DOUBLE EBITDA IN 10 YEARS REVENUES (€bn) EBITDA (€m) 2.0x 2.2x ~10.5 ~750 7.8-8.2 6.6 6.8-7.0 480-540 5.5 377.9 395-410 4.0 300.7 3.3 209.3 173.9 2022 2023 2024 2025 2026 2030 2035 2022 2023 2024 2025 2026 2030 2035 5.3% 5.
Slide 53: Group Capex and Net Cash
GROUP CAPEX AND NET CASH CAPITAL ALLOCATION SUPPORTING GROWTH AND SHAREHOLDER RETURNS CAPEX1 (€m) ADJUSTED NET CASH3 (€m) Includes dividends and divestments from equity stakes 76% ~75% ~50% ~ 45% in projects, only partially captured in the plan horizon 600-650 ~2,100 350-450 ~900 250-300 148.2 395 B
Slide 54: STS Capex
STS CAPEX INVESTING TO SHAPE THE TECHNOLOGIES OF TOMORROW CAPEX (€m) Bolt-on M&A 40-60% • EBITDA-generating targets Value accretive • Deferred price and earn-outs Pay for performance Technology validation 30-40% 310-330 • Bridging pilot plants to full industrial-scale 190-220 • Enabling global techn
Slide 55: IE&CS Capex
IE&CS CAPEX SHAPING THE NEXT EVOLUTION OF TECNIMONT CAPEX (€m) Pioneering EPC innovation 20-30% • Digital transformation • “Cosmont” new construction model MET Development’s co-investments1 40-50% 290-320 • Minority investments in integrated projects • Double-digit target return 200-250 • Exit 2 yea
Slide 56: Reshaping Our Energies
RESHAPING OUR ENERGIES OUR STRATEGIC RESPONSE TO A MULTI-SOURCE, MULTI-SHAPE, GROWING ENERGY SCENARIO What we do Expanding Nextchem’s technology portfolio for fertilizers and raw materials processing, How we do it advancing on new-generation nuclear Integrated approach One-stop shop Enhancing R&D Wi
Slide 57: Appendix
APPENDIX INTRODUCTION TO MAIRE
Slide 58: Fertilizers
FERTILIZERS COVERING THE ENTIRE NPK (NITROGEN-PHOSPHORUS-POTASSIUM) SPECTRUM TECHNOLOGY SOLUTIONS BY FAMILY FEED END MARKETS SERVED AGRICULTURE ENERGY MANUFACTURING TRANSPORTATION All scales of ammonia from traditional, NX STAMI Ammonia low-carbon and green hydrogen Market leaders including ultra lo
Slide 59: Fuels (1/2)
FUELS (1/2) HYDROGEN SUITE AND LOW-CARBON FUELS TECHNOLOGY SOLUTIONS BY FAMILY MOVE END MARKETS SERVED ENERGY HARD TO ABATE TRANSPORTATION Syngas through catalytic partial oxidation NX CPO for hydrogen production for hard to abate Hydrogen from natural gas through steam NX Reform methane reforming,
Slide 60: Fuels (2/2)
FUELS (2/2) CARBON CAPTURE AND SULPHUR RECOVERY TECHNOLOGY SOLUTIONS BY FAMILY MOVE END MARKETS SERVED ENERGY HARD TO ABATE TRANSPORTATION Complete suite of solutions optimizing and NX Decarb Suite integrating core carbon capture units Sulphur recovery to abate pollutants in NX SulphuRec refinery an
Slide 61: Recycling and Recovery
RECYCLING AND RECOVERY FROM MULTIPLE FEEDSTOCK STREAMS TO VALUABLE RESOURCES TECHNOLOGY SOLUTIONS BY FAMILY MAKE END MARKETS SERVED ENERGY HARD TO ABATE MANUFACTURING TRANSPORTATION From waste to syngas through gasification NX Circular and conversion into hydrogen, methanol, SAF Production of power
Slide 62: Specialty Chemicals (1/2)
SPECIALTY CHEMICALS (1/2) ADVANCED PROCESSING SERVING MULTIPLE APPLICATIONS TECHNOLOGY SOLUTIONS BY FAMILY MAKE END MARKETS SERVED ENERGY HARD TO ABATE MANUFACTURING TRANSPORTATION Sustainable production of maleic anhydride NX Conser MAN used for multiple fine chemicals production Solutions for mono
Slide 63: Specialty Chemicals (2/2)
SPECIALTY CHEMICALS (2/2) ADVANCED PROCESSING SERVING MULTIPLE APPLICATIONS TECHNOLOGY SOLUTIONS BY FAMILY MAKE END MARKETS SERVED ENERGY HARD TO ABATE MANUFACTURING TRANSPORTATION Phosgene production as high-value + Phosgene intermediate for advanced materials Advanced gas-liquid reactions for Gas-
Slide 64: Strategic Materials
STRATEGIC MATERIALS PROCESSING OF CRITICAL MATERIALS, INCLUDING METALS AND MINERALS TECHNOLOGY SOLUTIONS BY FAMILY MAKE MOVE END MARKETS SERVED ENERGY HARD TO ABATE MANUFACTURING TRANSPORTATION Sulphuric acid production enabling metal + Sulphuric Acid production for e-infrastructure High-quality pho
Slide 65: Income Statement
INCOME STATEMENT H1 RESULTS Q1 2026 Q2 2026 Change QoQ H1 2025 H1 2026 Change YoY €m % €m % €m % €m % €m % €m % GROUP Revenues 1,836.5 100.0% 1,845.8 100.0% 9.3 0.5% 3,444.1 100.0% 3,682.4 100.0% 238.2 6.9% Operating costs (1,705.3) (92.9%) (1,710.9) (92.7%) (5.6) 0.3% (3,212.0) (93.3%) (3,416.2) (9
Slide 66: Net Cash Position and Capex
NET CASH POSITION AND CAPEX OPERATING CASH FLOW SUPPORTING TECH EXPANSION AND SHAREHOLDER RETURNS CASH FLOW BRIDGE (€m, ex-IFRS 16) CAPEX (€m)4 IE&CS organic 204.0 STS M&A STS organic (19.3) 9.0 (204.0) Including total consideration 417.5 (12.7) paid for Ballestra Group, upfront (194.4) price for 70
Slide 67: Financial Structure
FINANCIAL STRUCTURE SOUND LIQUIDITY AND ROBUST BALANCE SHEET LIQUIDITY (€m) MEDIUM/LONG TERM LOANS AND BOND MATURITIES (€m) Sustainability-linked Bond Sustainability-linked Schuldschein Loan 524.4 Bank facilities 275.0 271.6 1,564.9 1,372.6 1,153.8 125.0 915.5 190.0 55.9 35.9 49.6 55.0 124.4 49.6 81
Slide 68: Adding Value to Shareholders
ADDING VALUE TO SHAREHOLDERS STABLE SHAREHOLDERS’ BASE AND STRONG DIVIDEND POLICY % of % of Shareholder1 ordinary shares voting rights2 82.13% 100% GLV Capital S.p.A. (Fabrizio Di Amato) 51.02% 75.66% Yousif Mohamed Ali Nasser Al Nowais 3.10% 1.53% Other institutional and retail investors 45.88% 22.
Slide 69: Sustainability-Related Work Framework
SUSTAINABILITY-RELATED WORK FRAMEWORK BASIS OF PREPARATION SUSTAINABLE We categorize our work under three types – Sustainable, Transitional or Traditional – in Includes hydrogen and hydrogen derivatives1 from electrolysis (green and pink), e- fuels, biofuels, SAF, bioplastics from bio-feedstock, pla
Slide 70: MAIRE S.p.A.
MAIRE S.P.A. Via Gaetano De Castillia, 6A 20124 Milan, Italy t. +39 02 63131 WEBSITE www.groupmaire.com IR CONTACT investor-relations@groupmaire.com