Prysmian S.p.a. · MIL:PRY
Prysmian — Prysmian S.P.A. Ord — Q1 2026 Earnings Presentation
28 slides from Prysmian's earnings presentation, Apr 30, 2026
Slide 1: Prysmian's Quarterly Update 1Q'26
Prysmian's Quarterly Update 1Q'26
Slide 2: Highlights & Group Overview
Highlights & Group Overview Massimo Battaini Prysmian CEO
Slide 3: Q1'26 Key Highlights
Q1’26 Key Highlights Q1 ADJ. EBITDA €M Continued Growth, Margin Expansion & Strong Cash Generation Ltm 601 527 601 €M 14.2 % 5.0 % Adj. EBITDA Adj. EBITDA % @std metal Org. Growth Digital Solutions Electrification Power Grid 1,191 €M 42.6 % -40.8 % Transmission FCF Sustainability-linked GHG emission
Slide 4: Data Center Growth: A Long-term Strategic Opportunity
Data Center Growth: A Long-term Strategic Opportunity Meaningful Opportunity To Expand Presence In The Dc Inside-building Segment Fiber demand & offering evolution (M Fkm) 710 570 Fiber Demand Prysmian to benefit Fiber Supply from surging demand • Structural competitive 2025 2026 2027 2028 2029 2030
Slide 5: Scaling Presence In Inside Building Data Centers
Scaling Presence In Inside Building Data Centers PRYSMIAN: The ONE-STOP SHOP FOR DATA CENTERS Transmission Power Grid Telco Subsea PD & HVAC Xtera acquisition expands Targeted investments to long-haul subsea reinforce Data centers' connections connectivity Transmission Digital Solution Sub/Land ener
Slide 6: Transmission: Best-in-class Margin Confirmed
TRANSMISSION Best-in-class Margin Confirmed FY26: Double-digit Organic Growth And Adj. Ebitda To Outpace 2025 By 25% Q1 REVENUES LTM REVENUES ADJ. EBITDA EVOLUTION +0.4% +16.2% Org Growth Org Growth 181 754 3,273 743 152 ADJ. EBITDA 2,750 146 124 125 16.9% 17.1% 17.8% 20.9% 20.1% @ Std metal Q1 2025
Slide 7: Power Grid: Outstanding Growth Across Regions
POWER GRID Outstanding Growth Across Regions Enhanced Margin From Q2 Onwards Q1 RESULTS ADJUSTED REVENUES EBITDA ADJ. EBITDA EVOLUTION +16.2% Org. Growth 1,012 134 116 125 ADJ. EBITDA 107 116 105 107 874 15.2% 15.6% 14.7% 12.1% 12.4% @ Std metal 15.2% 12.4% @ Std metal Q1 2025 Q1 2026 Q1 2025 Q1 202
Slide 8: Industrial & Construction: Growth Acceleration And Margin Expansion
INDUSTRIAL & CONSTRUCTION Growth Acceleration And Margin Expansion Strong Growth (10% Yoy) And Margin Increase In North America Mainly Driven By Data Centers Q1 RESULTS ADJUSTED REVENUES EBITDA ADJ. EBITDA EVOLUTION +5.8% Org. Growth 208 212 202 2,160 196 ADJ. EBITDA 196 173 1,923 173 11.6% 14.1% 14
Slide 9: Specialties: Overall Stable Results
SPECIALTIES Overall Stable Results Automotive, Elevators and O&G Impacting Growth Q1 RESULTS ADJUSTED ADJ. EBITDA EVOLUTION REVENUES EBITDA -6.1% Org. Growth 74 74 70 777 74 61 64 ADJ. EBITDA 696 64 11.5% 11.4% 11.2% 10.4% 11.1% @ Std metal 11.5% 11.1% @ Std metal Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1'
Slide 10: Digital Solutions: Excellent Performance, Growth & Margin Improvement
DIGITAL SOLUTIONS Excellent Performance, Growth & Margin Improvement Outstanding Contribution From Channell. Live Negotiations To Strike Long-term Agreements That Will Further Accelerate Data Center Growth Q1 RESULTS ADJUSTED ADJ. EBITDA EVOLUTION REVENUES EBITDA +9.0% Org. Growth 451 88 88 88 ADJ.
Slide 11: Q1'26 Innovation & Sustainability Highlights
Q1’26 Innovation & Sustainability Highlights -40.8% Reduction of Scope The most efficient 1&2 GHG Emissions LTM vs 40.2%, FY25 high-voltage cable New global standard 525kV HVDC Cables with an increased operating 41.4% temperature of up to 90°C, enabling more of desk workers efficient power transmiss
Slide 12: Financial Results
Financial Results Pier Francesco Facchini Prysmian CFO
Slide 13: Profit & Loss Statement
Profit & Loss Statement Q1 2026 Q1 2025 ADJ. EBITDA BREAKDOWN [€M] REVENUES 5,218 4,771 YoY organic growth 5.0% Adj.EBITDA 601 527 ADJ. EBITDA 2025 527 % on revenues at current metal prices 11.5% 11.0% Transmission 23 % on revenues at standard metal prices 14.2% 13.1% Adjustments (22) (20) Power Gri
Slide 14: Excellent Cash Generation LTM
Excellent Cash Generation Ltm +1,191 €M Free Cash Flow 1,206 ( 2,029 ) 248 ( 943 ) 746 205 (8 ) ( 675 ) ( 105 ) 289 4,884 3,818 31-Mar-25 Acquisition Cash flow WC Net Financial Dividend Dividend Hybrid Net cash flow IFRS 16, FX, 31-Mar-26 net debt operations changes Operative Charges received paid B
Slide 15: 2026 Outlook & Closing Remarks
2026 Outlook & Closing Remarks Massimo Battaini Prysmian CEO
Slide 16: Closing Remarks
Closing Remarks 2026 OUTLOOK CONFIRMED Excellent start to the year, with margin expansion in Transmission and Digital Solutions 2,700 ADJ. EBITDA 2,625 2,775 Mid-point Power Grid and Digital Solutions fueling organic growth Ongoing negotiations with customers in Digital 1,350 Solutions to unlock gro
Slide 17: Appendix
Appendix 17
Slide 18: Q1 Financial Highlights
Q1 Financial Highlights Revenues Adj.EBITDA Q1 2026 Q1 2025 Q1 2026 Q1 2025 organic Adj.EBITDA Adj.EBITDA €M €M €M €M growth Margin Margin TRANSMISSION 754 0.4% 743 146 19.4% 124 16.6% POWER GRID 1,012 16.2% 874 107 10.6% 116 13.3% INDUSTRIAL & CONSTRUCTION 2,160 5.8% 1,923 196 9.1% 173 9.0% SPECIAL
Slide 19: Revenues At Standard Metal Prices
Revenues At Standard Metal Prices Revenues current Revenues Standard Revenues Adj. Ebitda Adj. Ebitda Revenues Adj. Ebitda Adj. Ebitda €M €M margin €M €M margin TRANSMISSION 754 146 19.4% 727 146 20.1% POWER GRID 1,012 107 10.6% 871 107 12.4% ELECTRIFICATION 3,001 260 8.7% 2,208 260 11.8% Q1 I&C 2,1
Slide 20: Solid Financial Structure
Solid Financial Structure 3.7 Years Average Debt Maturity (Including Revolving Credit Facility) CURRENT FINANCIAL DEBT MATURITY PROFILE (8) €M Bank Bond RCF (undrawn) Fixed/Variable rate composition 1,485 1,200 Fixed ~74% Variable 850 ~26% 725 1,200 345 SUST. EUROBOND EUROBOND LINKED 3.625% 3.875% 1
Slide 21: Profit & Loss Statement
Profit & Loss Statement Adjustments and non monetary items on EBIT Q1 2026 Q1 2025 REVENUES 5,218 4,771 Q1 2026 Q1 2025 YoY total growth 9.4% YoY organic growth 5.0% Non-recurring Items (10) (2) Adj.EBITDA 601 527 Restructuring (24) (6) % on revenues at current metal prices 11.5% 11.0% Other Non-ope
Slide 22: Statement Of Financial Position
Statement Of Financial Position (Balance Sheet) (7) 31-Mar-26 31-Mar-25 31-Dec-25 Net fixed assets 10,917 9,919 10,593 of which: goodwill 3,817 3,381 3,647 Net working capital 1,427 1,459 545 of which: derivatives and tax assets/liabilities 107 (37) 109 of which: Operative Net working capital 1,320
Slide 23: Cash Flow Statement
Cash Flow Statement 31-Mar-26 31-Mar-25 12 Months (from 4/1/2025 to 3/31/2026) Adj.EBITDA 601 527 2,472 Adjustments (22) (20) 288 EBITDA 579 507 2,760 Net Change in provisions & others 5 (18) (28) Net gains realized on disposal of fixed assets - - (390) Other not operating non monetary income (16) (
Slide 24: Bridge Consolidation Revenues
Bridge Consolidation Revenues TRANSMISSION POWER GRID INDUSTRIAL & CONSTRUCTION 3 5 (1) 4 55 ( 58 ) 277 ( 152) 141 112 743 Org.growth 754 Org.growth 1,012 Org.growth 2,160 +0.4% 874 +16.2% 1,923 +5.8% Q1 2025 Organic Metal Exchange Perimeter Q1 2026 Q1 2025 Organic Metal Exchange Q1 2026 Q1 2025 Org
Slide 25: Sustainability Development Goals
Sustainability Development Goals 20 40 60 80 100 CCC B BB BBB A AA AAA 20 40 60 80 100 86 AA 77 1 2 3 4 5 2 4 6 8 10 10 20 30 40 We are included in 4.4 6.4 17.2 200 150 100 50 20 40 60 80 100 D- D C- C B- B A- A 45 58 A 25
Slide 26: Notes
Notes 1) Adjusted EBITDA margin at the standard metal • 2030: Revolving 2023 (1,000 M€); Revolving 2025 prices calculation takes into account set standard (200 €M); prices for copper (€5,500 per ton), aluminum (€1,500 • 2031: Eurobond 3.875% (650 M€); CDP 2026 (75 per ton) and lead (€2,000 per ton)
Slide 27: Disclaimer
Disclaimer ▪ The managers responsible for preparing the forward-looking statements. This document does company's financial reports, A.Brunetti and not represent investment advice or a S.Invernici, declare, pursuant to paragraph 2 of recommendation for the purchase or sale of Article 154-bis of the C
Slide 28: Thank You
Thank You The planet’s pathways