Maire S.p.a. · MIL:MAIRE
Maire — Q1 2026 Earnings Presentation
63 slides from Maire's earnings presentation, May 2026
Slide 1: Introduction to MAIRE
May 2026 INTRODUCTION TO MAIRE A PLATFORM TO ENGINEER ENERGIES FOR THE FUTURE RESHAPING ENERGIES – 2026-2035 STRATEGIC PLAN UPDATED WITH Q1 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… Introduction to MAIRE
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 YE 2025 proforma incl. Ballestra Group1 €314m ~€580m as of Q1 2026 proforma incl. Ballestra Group1 Employees ~730 1
Slide 17: FEED MOVE MAKE
UNLOCKING VALUE THROUGH A DIVERSIFIED PLATFORM THREE BUSINESS LINES ADDRESSING MAJOR DRIVING FORCES FEED MOVE MAKE Sustainable Fertilizers Low-Carbon Sustainable Materials & Nitrogen-Based Fuels Energy Vectors & Circular Solutions 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 IN POTASSIUM AND PHOSPHATE FOR NPK NUTRIENTS FEED MARKET DRIVERS N ’S SOLU IO S + Boost crop yields Phosphate and Phosphate-based fertilizers for efficient agriculture potassium nutrients Phosphorus-rich nutrients for efficient agriculture + Demogr
Slide 19: Fuels and Energy Storage Leading Growth
FUELS AND ENERGY STORAGE LEADING GROWTH EXPANDING PORTFOLIO INTO SULPHURIC ACID AND FLUORINE MOVE MARKET DRIVERS (CAGR 2024-2040) N ’S SOLU IO S + SHORT-TO-MEDIUM TERM POTENTIAL Fluorine Clean energy Fluorine as building block for power storage and electromobility +20-21% storage electrolyte enabler
Slide 20: Expanding Sustainable and Circular Materials
EXPANDING SUSTAINABLE AND CIRCULAR MATERIALS ADVANCING METAL RECYCLING TO VALORIZE ELECTRONIC WASTE MAKE MARKET DRIVERS (CAGR 2024-2040) N ’S SOLU IO S + High-performance Biobased detergents Biosurfactants +3-5% cleaning solutions quality and efficiency in consumer goods Recovery of critical raw Met
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: 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 The Netherlands Rome Milan Switzerland PILOTS Nitrogen and Hydrogen, carbon Polymers,
Slide 24: 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% +25.3% +46.2% +31.4% +42.7% +17.5% +40.8% 495.0 122.2 357.6 85.6 261.8 65.1 140.6 32.3 76.8 96.1 19.5 22.9 FY 2023 FY 2024 FY 2025 Q1 2024 Q1 2025 Q1 2026 FY 2023 FY 2024 FY 2
Slide 25: STS Order Intake and Backlog
STS ORDER INTAKE AND BACKLOG DRIVEN BY FERTILIZERS AND SPECIALTY CHEMICALS IN CHALLENGING MARKETS ORDER INTAKE (€m) BACKLOG (€m) Q1 2026 MAIN AWARDS ~580 Proforma Licensing and PDP in China FEED incl. Ballestra Group1 based on proprietary nitrates and urea technologies Licensing, PDP and PEQ supply
Slide 26: Expanding Our Technology Offering
EXPANDING OUR TECHNOLOGY OFFERING CAPEX SUPPORTING FUTURE GROWTH FY 2023-2025 (€m) Q1 2024-2026 (€m) ACQUISITIONS SINCE 2023 Conser (100%, 2023-2026)1 enhancing our technology portfolio in biodegradable plastic monomers 68.5 17.8 MyRemono (51%, 2023) 60.2 advancing in Plexiglas® chemical recycling (
Slide 27: Tecnimont: Dreams Are in the Making
04 TECNIMONT: DREAMS ARE IN THE MAKING INTRODUCTION TO MAIRE
Slide 28: 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 29: 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 30: 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 31: 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 32: 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 33: 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 34: Building on Strength
BUILDING ON STRENGTH PROJECTS PROGRESSING IN A COMPLEX ENVIRONMENT REVENUES (€bn) EBITDA (€m) +38.6% +19.1% +35.7% +5.3% +43.7% +25.7% +44.6% +9.3% 6.6 377.9 5.5 300.7 4.0 209.3 1.6 1.7 90.5 98.9 1.2 62.6 FY 2023 FY 2024 FY 2025 Q1 2024 Q1 2025 Q1 2026 FY 2023 FY 2024 FY 2025 Q1 2024 Q1 2025 Q1 2026
Slide 35: IE&CS Order Intake and Backlog
IE&CS ORDER INTAKE AND BACKLOG DRIVEN BY CLIENTS’ COMMITMENT TO INVEST IN GAS AND ADVANCED MATERIALS PLANTS ORDER INTAKE (€bn) BACKLOG (€bn) Q1 2026 MAIN AWARDS FEED €4.7bn EPC projects with completion in 2030-2031 further details to be provided in due course, upon completion of certain formalities
Slide 36: IE&CS Middle East Operations
IE&CS MIDDLE EAST OPERATIONS PROJECTS ADVANCING IN A COMPLEX OPERATING ENVIRONMENT REGION OVERVIEW KEY PROJECT PROGRESS1 AT 31 MARCH 2026 ~2,400 people currently employed in the area Hail and Ghasha gas development project continuing through construction (~70% overall progress) Harvest ammonia proje
Slide 37: The Progress: Consolidating Growth
05 THE PROGRESS: CONSOLIDATING GROWTH INTRODUCTION TO MAIRE
Slide 38: 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% +35.0% +7.6% +40.8% +29.4% +38.2% +15.7% +64.0% +33.9% +37.3% +19.9% 7.1 500.1 284.5 5.9 386.4 212.4 4.3 274.4 129.5 1.7 1.8 113.5 131.2 64.0 76.7 1.3 82.1 46.6 FY FY FY
Slide 39: Preserving Balance Sheet Strength
PRESERVING BALANCE SHEET STRENGTH INVESTING IN OUR FUTURE WHILE RETURNING VALUE TO SHAREHOLDERS CAPEX1 (€m) DIVIDENDS3 (€m) NET CASH4 (€m) 2.7x 4.3x 126.5 Ballestra Group2 187.6 €0.585 375.1 395.1 114.5 /share 337.9 91.9 63.5 €0.356 76.6 68.4 40.7 /share €0.197 93.8 €0.124 25.2 /share /share 2022 20
Slide 40: 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 EMPLOYEES1 2022-2025 HEADCOUNT INCREASE ~10,800 (~11,200 incl. Ballestra Group2) ~70% ~9,800 ~8,000 PEOPLE ADDED IN 2025 1,000+ (1,400+ incl. Ballestra Group ) ~6,500 2 ~9,300 ~8,400 ~6,800
Slide 41: Group Order Intake and Backlog
GROUP ORDER INTAKE AND BACKLOG SUSTAINED BY INCREASING GLOBAL ENERGY NEEDS ORDER INTAKE (€bn) BACKLOG (€bn) Q1 2026 HIGHLIGHTS 0.3 Ballestra Group1 2.6x Book-to-bill3 4.8 15.0 15.7 13.8 12.7 3.5 2.2x Backlog cover4 Q1 2025 Q1 2026 31-Dec-23 31-Dec-24 31-Dec-25 31-Mar-26 Sustainability-related2 >20%
Slide 42: Group Commercial Pipeline
GROUP COMMERCIAL PIPELINE TARGETING €61B MARKET OPPORTUNITIES BY QUARTER (€bn) BY GEOGRAPHY (€bn, Mar-26) 11.7 Europe Power 5.6 North America SAF & biofuels SAF Circular 9.1 Asia LNG Fertilizers Fertilizers 60.7 61.0 22.3 Middle East Refinery upgrades Gas treatment Petrochemicals Polyolefins Fertili
Slide 43: The Future: 2026-2035 Group Strategic Plan
06 THE FUTURE: 2026-2035 GROUP STRATEGIC PLAN INTRODUCTION TO MAIRE
Slide 44: 2026 Guidance Confirmed
2026 GUIDANCE CONFIRMED AS ANNOUNCED TO THE MARKET WITH THE 2026-2035 STRATEGIC PLAN Consolidation of Ballestra Group expected from Q2 20261 STS IE&CS GROUP REVENUES Strong visibility, with a progressive acceleration through the year € 670 – 700m € 6.8 – 7.0bn € 7.5 – 7.7bn EBITDA Reflecting an evol
Slide 45: 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 46: 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 47: 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 48: 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 ~900 250-300 126.5 395 B
Slide 49: 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 50: 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 51: 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 52: Appendix
APPENDIX INTRODUCTION TO MAIRE
Slide 53: Sustainable Fertilizers and Nitrogen-Based Fuels
SUSTAINABLE FERTILIZERS AND NITROGEN-BASED FUELS THE ENTIRE SPECTRUM OF NPK FERTILIZERS FEED TECHNOLOGY SOLUTIONS BY FAMILY END MARKETS SERVED AGRICULTURE ENERGY MANUFACTURING TRANSPORTATION All scales of ammonia from traditional, NX STAMI Ammonia low-carbon and green hydrogen Market leaders includi
Slide 54: Low-Carbon Energy Vectors (1/3)
LOW-CARBON ENERGY VECTORS (1/3) HYDROGEN SUITE AND LOW-CARBON FUELS MOVE TECHNOLOGY SOLUTIONS BY FAMILY 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
Slide 55: Low-Carbon Energy Vectors (2/3)
LOW-CARBON ENERGY VECTORS (2/3) CARBON CAPTURE, SULPHUR RECOVERY AND ADVANCED POLYMERS MOVE TECHNOLOGY SOLUTIONS BY FAMILY END MARKETS SERVED ENERGY HARD TO ABATE MANUFACTURING TRANSPORTATION Complete suite of solutions optimizing and NX Decarb Suite integrating core carbon capture units Sulphur rec
Slide 56: Low-Carbon Energy Vectors (3/3)
LOW-CARBON ENERGY VECTORS (3/3) PROCESSING OF CRITICAL RAW MATERIALS MOVE TECHNOLOGY SOLUTIONS BY FAMILY END MARKETS SERVED ENERGY HARD TO ABATE MANUFACTURING TRANSPORTATION Sulphuric acid production enabling metal + Sulphuric Acid production for e-infrastructure High-quality phosphoric acid for mul
Slide 57: Sustainable Materials and Circular Solutions
SUSTAINABLE MATERIALS AND CIRCULAR SOLUTIONS FROM MULTIPLE FEEDSTOCK STREAMS TO VALUABLE RESOURCES MAKE TECHNOLOGY SOLUTIONS BY FAMILY END MARKETS SERVED ENERGY HARD TO ABATE MANUFACTURING TRANSPORTATION From waste to syngas through gasification NX Circular and conversion into hydrogen, methanol, SA
Slide 58: Income Statement
INCOME STATEMENT Q1 RESULTS Q1 2025 Q1 2026 Change YoY €m % €m % €m % GROUP Revenues 1,706.2 100.0% 1,836.5 100.0% 130.3 7.6% Operating costs (1,592.8) (93.4%) (1,705.3) (92.9%) (112.5) 7.1% EBITDA 113.5 6.6% 131.2 7.1% 17.8 15.7% Depreciation and amortization (15.5) (0.9%) (17.9) (1.0%) (2.4) 15.7%
Slide 59: Net Cash Position and Capex
NET CASH POSITION AND CAPEX CASH GENERATION SUSTAINING INVESTMENTS AND BUY-BACK CASH FLOW BRIDGE (€m, ex-IFRS 16) CAPEX (€m) (8.8) (22.8) (3.0) 22.8 116.7 (81.1) 5.0 12.6 8.4 395.1 396.1 5.2 IE&CS organic 9.4 7.4 STS M&A STS organic Adj. Net Cash Operating Taxes Cash Flow Net Financial Share Adj. Ne
Slide 60: Financial Structure
FINANCIAL STRUCTURE SOUND LIQUIDITY AND ROBUST BALANCE SHEET LIQUIDITY (€m) MEDIUM/LONG TERM LOANS AND BOND MATURITIES (€m) Sustainability-linked Bond 456.3 Sustainability-linked Schuldschein Loans Bank facilities 275.0 1,372.6 1,353.2 208.9 1,153.8 915.5 190.0 125.0 68.6 1.3 55.0 18.8 1.3 56.3 13.6
Slide 61: 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 62: 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 63: 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