Eurotech S.p.a. · MIL:ETH

Eurotech — 9M 2019 Earnings Presentation

16 slides from Eurotech's earnings presentation, Nov 14, 2019

1. Slide 1: 2019 Nine Months Results Conference Call

   Imagine. Build. Succeed. 2019 NINE MONTHS RESULTS CONFERENCE CALL November 14th, 2019

2. Slide 2: Disclaimer

   Disclaimer This presentation has been prepared by Eurotech S.p.A. (or “Eurotech”) and has to be read in conjunction with its oral presentation. The information contained in this presentation does nor purport to be comprehensive. Neither Eurotech nor any of its officers, employees, advisers or agents

3. Slide 3: Eurotech - Imagine. Build. Succeed.

   ON a (= FUROTECH -=/LVIANVI LVI Imagine. Build. Succeed.

4. Slide 4: Revenues

   REVENUES 30 September 2019-2018 (€/000) = 2019 9M ss w2018 @EUROTECH

5. Slide 5: Revenues by Geographic Area

   REVENUES BY GEOGRAPHIC AREA 30 September 2019-2018 (€/000) €'000 9M 2019 % 9M 2018 % var. % BREAKDOWN BY GEOGRAPHIC AREA European Union 19,454 24.4% 11,354 19.9% 713% United States 38,456 48.3% 24,513 43.0% 56.9% Japan 18,693 23.5% 18,854 33.1% 70.9% Other 3,095, 3.9% 2,253 4.0% 374% TOTAL SALES AND

6. Slide 6: Gross Profit Margin

   GROSS PROFIT MARGIN 30 September 2019-2018 (€/000) 50.3% = 2019 = 2018 @EUROTECH

7. Slide 7: EBITDA

   EBITDA 30 September 2019-2018 (€/000) 20.3% = 2019 = 2018 @EUROTECH

8. Slide 8: EBIT

   EBIT 30 September 2019-2018 (€/000) 16.6% 7.3% = 2019 = 2018 @EUROTECH

9. Slide 9: Group's Net Result

   GROUP’s NET RESULT 30 September 2019-2018 (€/000) 15.0% =2019 = 2018 @EUROTECH

10. Slide 10: Net Debt September 2019, December 2018 and September 2018

    NET DEBT 30 September 2019, 31 December 2018 and 30 September 2018 (€/000) 8,987 5,247 930 -1,147 ' at Sep 30,2019 = at Sep 30, 2019 at Dec 31, 2018 at Sep 30, 2018 (NO IFRS 16) 10 @EUROTECH

11. Slide 11: 140,000 120,000 100,000 80,000 60,000 40,000 20,000

    140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 11

12. Slide 12: Net Working Capital September 2019, December 2018 and 30 September 2018

    NET WORKING CAPITAL 30 September 2019, 31 December 2018 and 30 September 2018 (€/000) at Sep 30, 2019 at Dec 31, 2018 at Sep 30, 2018 12 @EUROTECH ~ —

13. Slide 13: Employees

    EMPLOYEES Headcount at the end of each period 315 @EUROTECH at Sep 30, 2019 at Dec 31, 2018 at Sep 30, 2018 13

14. Slide 14: Consolidated Income Statement

    CONSOLIDATED INCOME STATEMENT €'000 9M 2019 % 9M 2018 % OPERATING RESULTS SALES REVENUES 79,698 100.0% 56,974 100.0% GROSS PROFIT 40,050 50.3% 27,480 48.2% EBITDA 16,192 20.3% 5,611 9.8% EBIT 13,250 16.6% 4,152 7.3% PROFIT (LOSS) BEFORE TAXES 13,116 16.5% 3,993 7.0% GROUP NET PROFIT (LOSS) FOR THE P

15. Slide 15: Consolidated Balance Sheet

    CONSOLIDATED BALANCE SHEET at Sep 30, 2019 at Dec 31, 2018 at Sep 30, 2019 at Dec 31, 2018 (€'000) (€'000) nea LIABILITIES AND EQUITY Intangible assets 91,219 85,369 ne capital 8879 8879 136,4¢ 136,4( Property, Plant and equipment 6322 2579 Snare premium reserve 56,400 56,400 ~ Other reserves (24,90

16. Slide 16: Thank You!

    Thank You! www.eurotech.com

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